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 …
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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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14
2011
Richard Russell of Dow Theory Letters fame repeats what I have been saying about the Euro, U.S. dollar and gold of late. I see the Euro fall and Dollar rise as a short term event that can put pressure on gold and silver prices moving forward. I still see $1,800 and $35 as a resistance point for gold and silver. …
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4
2011
4 Ways Gold Dealers Rip You Off – Bait and switch tactics gold dealers use
By: Doug Eberhardt
Category: Gold
Tags: bait and switch, Buy Gold and Silver Safely, Confiscation, Doug Eberhardt, Gold dealer, Gold Dealer Ripoff
4 Ways Gold Dealers Rip You Off Bait and switch tactics gold dealers use San Diego, Nov. 4, 2011/Buy Gold and Silver Safely/- Countless investors are paying 30% or more in commissions when gold dealers bait and switch them from buying bullion gold to buying rare or semi-numismatic coins. In today’s tough economic times, you really have to be careful …
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1
2011
Continued from Part 2 Banking System Similarities Just look at the banks that lend out multiples of their deposits. Once the 2008 financial crisis hit (actually well before this), the bad loans started to hit the banks. The banks don’t have enough cash on hand to cover the write-down on the assets, so they got the Financial Accounting Standards Board …
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1
2011
Continued from Part 1 What Does All This Have To Do With Gold and Silver Prices? Most people know that trading in stocks or ETFs is not the same as trading in the actual physical metal, at least for the retail investor. But the big boys get to play the physical metals in the Over The Counter (OTC) market. From …
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1
2011
Every time we get a run up in the price of gold and silver of late, we seem to get it pushed right back down again like today when we see falling gold and silver prices. Sure, news of what’s going on in Europe or Japan can have some short term effects on the price of gold and silver, or …
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26
2011
Congress Gives IMF Your Tax Dollars to Bailout Greece
By: Doug Eberhardt
Category: Gold
Tags: congress, Federal Reserve, G20, Government Spending, Greece Bailout, IMF
This was an article I wrote about Greece and how they exactly are being bailed out by the IMF/U.S. taxpayer. Back then, the debt in the U.S. was just over $12 trillion. Today, the debt in the U.S. is approaching $15 trillion. Greece is now in the process of writing down their debt by 50% by the beginning of 2012. …
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18
2011
Whether it’s Bernanke and Geithner, today or Greenspan and Snow of years past, the Fed will always do what they do best, interfere in the markets. But how effective are they? Author’s Note: Seeking Alpha, a financial website, did not allow this article to be posted on their site. They claim they are not biased against gold, but their editors …
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14
2011
Physical Gold or Silver – Which Metal Is A Better Investment Today?
By: Doug Eberhardt
Category: Gold
Tags: $1, 000 ounce silver bar, 1% over spot, 90% silver bags, buy gold, buy silver, DOW, gold american eagle, silver american eagle, silver or gold, stocks or gold
Recently I was quoted in an article for Fox Business called; The Lowdown on Buying and Selling Silver. In this article I was quoted as recommending a 75% allocation to physical gold and a 25% allocation to physical silver for investors who are looking to insure their U.S. dollar risk of their porfolios. This diversification I first recommended when I wrote my book …
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