I remember as a kid buying candy bars for a nickel. When they raised the price to a dime, I said I would never buy a candy bar again. Of course that promise to myself didn’t last long, but today, a candy bar costs 20 times as much as it did in 1964 when a silver dime could buy you …
Read MoreJan
24
2012
Euro and Yen Make Up 71.2% Of Dollar Index Which Is Why I Am Dollar Bullish
By: Doug Eberhardt
Category: Gold
Tags: dollar index, ECB, EURO, European banks, European Stress Test, Japanese Banks, YEN
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 MoreJan
11
2012
2012 Predictions For Gold, Silver, Stock Market, Economy and Elections
By: Doug Eberhardt
Category: Gold
Tags: 2012 economy prediction, 2012 gold predictions, 2012 presidential election prediction, 2012 silver predictions, 2012 stock market prediction, EURO, Federal Reserve, Ron Paul, U.S. Dollar, U.S. economy
Recap of 2010 and 2011 While some well known trend forecasters like Gerald Celente were predicting a crash in 2010, I was taking the opposite side saying that “I don’t see it happening as quickly as Celente does.” In September of 2010 I cautioned traders in gold and silver mining stocks to think about taking profit. The HUI at that …
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 …
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