From the Trading Desk The night of Trump’s victory in the US presidential election had the immediate feeling of Brexit all over again… “smart money” and the liberal media had, yet again, completely underestimated a political movement and world markets were turned upside down trying to make sense of an entirely unexpected (although it shouldn’t have been) scenario. Just like …
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13
2016
With my Subscribers for the ETF Trading Service, I put out a report yesterday morning that the price of gold could fall when Asia opened up and it is down $6 at present. The dollar has shot to a higher high at 99.50 which should be concerning for gold bugs, especially those like Peter Schiff who continually bash the dollar …
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10
2016
The gold market overnight did go higher but spent the rest of the day crashing as the dollar soared back up to 99 again. While the dollar did pull back some, gold and the miners decided they would just continue falling. Gold is down to 1258.40 but silver ironically didn’t wan to join the fall and is 18.61 and stayed …
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9
2016
What a crazy, wild, 24 hours we have had in America with the surprise triumph of Donald Trump in the Presidential election. Gold shot up 45 dollars overnight and DOW futures were down over 800 and gold gave it all back and futures rose 1000 points from that low. One reason for the bullishness in the markets and dollar, which …
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8
2016
From the Trading Desk The most wild and unprecedented race in the history of US presidential elections finally comes to an end tonight. The election was thrown into further chaos over the weekend when the FBI announced that it would no longer pursue a case against Hillary Clinton. The news caused gold to gap $10 lower on the Sunday open …
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6
2016
Current thoughts 11/06/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Clinton, debt, Deficits, election, Gold, Presidency, Trump, Wars
With the FBI coming out just before the election that no charges are going to be pressed against Hillary Clinton, the stock market is in euphoria and gold is getting hit. I still love gold to move higher but we might spend a few days living on the glory for Democrats of a Clinton victory where everyone is in la …
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2
2016
Current thoughts 11/02/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 000, 18, DOW, election, fed, market
Gold and silver continued higher today with a weaker dollar but then the Fed did nothing and it changed course for a bit. We in our Trading Service got out of our mining shares on the run up this morning and bought back in end of day for a smaller position. I like buying at a discount. Markets overall are …
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1
2016
Current thoughts 11/01/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Deflation, Dollar, Gold, Illusions of Wealth, inverse
I’m going to start today’s report off with what I wrote yesterday as it seems like it is coming to fruition. The Fed is meeting this week for another interest rate decision or as I put it, another “talk the talk” of raising rates fakeout. Some of us are tired of the Fed and I think the market will be …
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31
2016
Current thoughts 10/31/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: crash, fakeout, fed, market, meeting, raise, rates
Gold was down early with the dollar up big this morning and then the dollar spent the day falling and gold went green by end of day. Silver was a little more bullish all day and looks like it may want to move up here soon. The Fed is meeting this week for another interest rate decision or as I …
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27
2016
Current thoughts 10/27/16
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 200 day moving average, Gold, target
From the Trading Desk In the aftermath of gold’s violent drop at the beginning of October, it has spent the last three weeks consolidating around its 200 day moving average. Physical coin and bar demand in North America was robust for about a week after gold’s drop under $1,300, but it has since slowed down materially. With volatility falling, participants …
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