As predicted in my Current Thoughts, the Fed did not raise interest rates and Yellen once again has egg on her face from last December where the Fed was scheduled to have 3 or 4 more rate increases for 2016. Now there may be zero rate increases if what I foresee occurring in the economy takes place. What this means …
Read MoreMay
31
2016
I guess I might have surprised some with my comments in Current Thoughts yesterday on a bounce now in the precious metals. When I say in my comments certain things, all the other pieces have to fall in place. In this case, the dollar has to test its recent lows too and yes, the ECB can trump current thought this week …
Read MoreMay
16
2016
Is Gold Going To Move Higher Or Lower From Here?
By: Doug Eberhardt
Category: Gold
Tags: commodities, contraction, credit, Deflation, Federal Reserve, helicopter, higher, Illusions of Wealth, Interest rates, lower, MB Advisors, Milton Berg
You’ll notice that gold and silver are a bit more volatile of late. This is what happens when you have buyers and sellers in conflict with each other. It should also precede the next move in the metals. The question remains, will that move be a bit higher or are we topping? Let’s look at each scenario and see …
Read MoreApr
20
2016
Summary Dollar is still the driver for gold. Commodities are still in a downward trend and haven’t broken out. Global financial stability risks will bring some currencies down and boost the dollar. I know there will be some who disagree, but the current gold bull run is nothing more than a rebound in commodities overall as a weaker dollar has …
Read MoreMar
29
2016
The Dollar and Gold Inverse Relationship Still Matters – For Now
By: Doug Eberhardt
Category: Gold
Tags: $1, 300, Bonds, Dollar, EURO, fed, Gold, Interest rates, resistance, silver, TLT, YEN
From my Current Thoughts on 3/24 I put up a chart of the dollar and said: “Today was a consolidation day before the next move, which can still go either way.” We have seen the dollar since fall and gold take off higher with today’s move a significant one. Yes, for now, the dollar still matters. We have to let …
Read MoreMar
14
2016
Gold: Where To From Here?
By: Doug Eberhardt
Category: Gold
Tags: Currencies, Dollar, ECB, EURO, europe, GDP, Gold, Japan, Mario Draghi, Shinzo Abe, Trump, YEN
Gold fell $23 today to $1,235.90 after hitting a low of $1,230.10 and silver after opening up stronger, gave up all of its gains and fell from high to low 50 cents, finishing the day off at $15.37. Can you guess this is Fed week again? Oil started off the day down and then fell hard taking the stock market …
Read MoreFeb
22
2016
Many don’t remember in 2008 the 30% drop in the price of gold SPDR Gold Trust ETF (GLD) that coincided with the drop in the stock market represented by the Dow Jones Industrial Average (DJIA) which lost 34% the same year. They do remember gold bottoming in November 2008 and taking off to its all-time high in 2011 putting square …
Read MoreFeb
15
2016
Why I Am Not All In For Gold – Yet
By: Doug Eberhardt
Category: Gold
Tags: 10 year treasury, 8 indicators, advice, CNBC, CRB Index, Deflation, Dollar, economic data, europe, ever, fed, Gold, increase, Japan, market, PBOC, quantitative easing, rate, Steve Liesman, stock, u-6, Velocity of money, vix, worst start
Gold has bounced from the $1,050-$1,100 range it had traded in and moved up about $150 and I keep getting emails asking me whether I think the $1,000 mark can still be broken. For those who have followed my call for lower prices in gold, my advice has still been the same; dollar cost average into your allocation into precious …
Read MoreDec
5
2015
Why Harry Dent’s Call For Gold To Go To $250 Is Wrong
By: Doug Eberhardt
Category: Gold
Tags: $250, Deflation, fed, Gold, Harry Dent, Interest rates, ounce, Peter Schiff, QE, raise
Harry Dent has been negative on gold and has has some debates with some gold bulls like Peter Schiff where I agree with Dent’s deflationary take on the economy. You can listen to that Dent/Schiff interview here (or copy and paste this link into your browser: https://www.youtube.com/watch?v=27q-rKPZMn0 ). Harry Dent’s latest article Gold $5,000: Maybe When You’re Dead! calls for gold to fall …
Read MoreDec
2
2015
Deflation Will Drive The Price Of Gold Lower
By: Doug Eberhardt
Category: Gold
Tags: article, Buy Gold and Silver Safely, Credit Contraction, Deflation, Gold, Seeking Alpha
In my October 29th article What Will Gold And The Dollar Do Next? explaining what I see next for precious metals I said the dollar will move past 100 to 120 and that gold will fall below $1,000 an ounce during this move. The dollar was just over 97 on the index and has moved to a high of 100.09 …
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