This is tonight’s ETF Research Report explaining what is happening with the markets right now. Lots of uncertainty heading into the Fed interest rate decision come Wednesday. For gold it’s still all about the dollar. NOTE: Update on calculations of the trading data for green weekly to red weekly trades. I should have some data by mid-week. I am …
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8
2016
Current thoughts 12/8/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: consumer, debt, Obama, sentiment, trillion
Looks like the dollar still has some life left in it. That or the Euro has more room to fall. I still think we are topping in the dollar and gold is bottoming for one more leg up then a deflationary bust then off to the races. The Trump effect on the markets has been amazing. Consumer Sentiment is at …
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6
2016
Current thoughts 12/6/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 2016, 2017, bluff, fed, Gold, markets, raise, rates
We have some concern with gold all of a sudden as the dollar has bounced off that 100 mark and moved higher and is likely to test more highs as the stock market keeps hitting higher highs into the Fed meeting next week. Then I imagine it will be “sell the news” and the market will probably first move higher …
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4
2016
Current thoughts 12/4/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Brexit, Dollar, EURO, Gold, Italy, Vote
Now that we have Italy out of the way, what the heck is gold going to do? It jumped up $10 an ounce after the vote on a sharp dollar bounce, then fell to flat and is presently $3 lower on the futures market. You would think a no vote for consolidation of power, which was rejected, would be a …
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1
2016
Nightly report so you know how we played the market today. https://illusionsofwealth.com/etf-service-subscription/ Today’s Trades Started off the day on a bad note and immediately after calling it I even set up the trade lower that I thought would happen. Some of you waited on JNUG below 6.40 after the call at 6.7 and we got as low as 6.20 …
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29
2016
From the Trading Desk With US equities right around all-time highs and the USD challenging levels it hasn’t seen in nearly 15 years, gold remains… weak. The post-Trump victory euphoria that spurred a massive equity and commodity rally (in base and industrial metals, clearly not in gold) appears to finally be losing some steam though. Since election night in the …
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27
2016
Current thoughts 11/27/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Brexit, bull, Dollar, EURO, fall, Gold, over, YEN
I think we have temporarily bottomed in gold and topped in the dollar. I also think we have temporarily topped in the markets. The dollar represents 57.6% the Euro. Have you looked at the effects of currencies and the potential of more exits with the coming elections? Refugee crisis? Add to that another 11.9% with Brexit and we’re at 69.5%. …
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22
2016
Current thoughts 11/22/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: data, Dollar, Fed minutes, Gold
Dollar hit another high today and has been relentless. Will gold fall below $1,200 now? All depends on the data tomorrow and what effect it will have on the dollar. Wed. we have a ton of important data coming out and the Fed Minutes which should just repeat what was said that they are SERIOUS about raising rates in December. …
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20
2016
Gold is a bit higher in Asian trading and we have had a run lower because of the dollar breaking out to a 13 year high. Right now though a little weakness in the dollar off those highs. We need the dollar under 101 at this point to have a little run in gold. Otherwise $1,200 is the line in …
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17
2016
Current thoughts 11/17/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, economic data, Gold, highs
We have had a topsy turvy ride in gold of late but it can’t break below the $1,200 mark. And at the same time the dollar can’t break above its closing low of 100.59 set in 2015. We have a ton of economic data coming out Thursday morning that should set the tone for the next week. Gold is up …
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