How many times do you hear someone who sells gold and silver be dollar bullish? Probably not very often. But when you look at what the Dollar Index represents, a basket of other currencies, it’s quite easy to be dollar bullish right now. This doesn’t mean that the dollar is any stronger as far as it’s purchasing power mind you. …
Read MoreJan
23
2012
While writing my next article on the Euro and European bank mess, I received a solicitation email from a friendly competitor of mine, Peter Schiff (see ad below). In this email Peter was offering 1/2 ounce gold American Eagle coins at just a 5.75% premium over spot. I wanted to see where his pricing was compared to ours and it …
Read MoreDec
28
2011
When There Is Blood On The Streets Buy Gold Part 2
By: Doug Eberhardt
Category: Gold
Tags: Bernanke, buy gold, Deflation, dollar cost averaging, EURO, Federal Reserve, U.S. Dollar Index
Continued from Part 1 Most reading this might not realize that the Fed secretly gave banks and other countries $7.7 trillion during the 2008 financial crisis. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see …
Read MoreDec
28
2011
When There Is Blood On The Streets Buy Gold Part 1
By: Doug Eberhardt
Category: Gold
Tags: Bernanke, buy gold, Deflation, dollar cost averaging, EURO, Federal Reserve, U.S. Dollar Index
Are those that bought gold and silver panicking yet? I would hope not. My advice to dollar cost average into a position is paying off as my prediction of a stronger dollar is coming to fruition. But there are some investors who bought gold or silver the past few months that might be panicking. There is a possibility the blood …
Read MoreDec
17
2011
Continued from Part 1 How Far Can the Euro Sink? There are two key areas in the charts below that we need to keep an eye on, the 6/10 low of 1.19 and the 11/05 low of 1.16. If these are breached, could it be game over for the Euro? How much money will Central Banks and the IMF throw at the …
Read MoreDec
17
2011
Are the gold bubble prognosticators right? Is the run in gold and silver over as they fall to a three month low? Nothing could be further from the truth. The reason gold and silver prices have fallen of late is because, as I have been saying, the Dollar Index is rising. This is a 40 year pattern that was last …
Read MoreDec
8
2011
My first response to this question, is…”who cares?” I listened to Dennis Gartman speak at a LPL financial conference a few years back and Dennis Gartman gave a speech about how he readily admits he is wrong 80% of the time. So while Gartman was on CNBC telling everyone he was selling his gold, he actually sold 1/4 of his gold holdings …
Read MoreNov
30
2011
Central Banks stepped in today to help raise liquidity for the struggling Eurozone. The Central Banks involved included the U.S. Federal Reserve (of course), the European Central Bank, and the central banks of Japan, Britain, Canada and Switzerland. Hey…where’s China? It might also be noted that G20 leaders promised this month to boost the global lender’s (IMF) warchest. However, another G20 source said policymakers …
Read MoreNov
29
2011
Jim Rogers Says Possible Gold Correction and Is Long Dollar
By: Doug Eberhardt
Category: Gold
Tags: gold and silver correction, Gold Correction, Jim Rogers, Silver correction
Jim Rogers, author of the book, Hot Commodities, came out today with a statement that gold is “due for a correction” and that he is long the U.S. dollar. This comment comes on the heels of what he said in September; “Gold price correction will last for several months.” Gold and Silver Correction I thought it might be appropriate to quote from …
Read MoreNov
23
2011
Dollar Still Rising and US Treasuries Still Strong While Gold Falters
By: Doug Eberhardt
Category: Gold
Tags: dollar rising, gold falling, Super Committee, TBT, US Treasuries
The US Dollar made it up over the 79 mark today and moving closer and closer to breaking 80 on its way to the 85 range. Thank you Europe! (Click on image for sharper view) This rise in the dollar can put pressure still on gold and silver prices despite all the problems going on in Europe. It’s a thought process …
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