Gold topped out on Monday and is now beginning its next leg down to below 1220 as the dollar heads higher. USD/JPY should begin to head higher as well. This also means that silver is ready to move lower too. It should break 16 on the way down here. We will then bottom out and have a nice false move …
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28
2017
Current Thoughts 12/27/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 2009, contraction, credit, dead cat bounce, deflationary, repeat, topped
Now that gold has rebounded some, is it ready to move higher? It’s up 3.50 to 1291.40 as I type and I think the propensity is for it to top off right around here and now begin to fall and possibly fall hard. $1,200 is the floor here. We’ll see if it makes it there, but around $1,220 I would …
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19
2017
In my last report I mentioned that we would have one more trip lower in gold, and I am still in that camp. I will go out on a limb and say that this is the last trip lower we will have and could take us to the end of year. 2018 will start off with a bang for gold. …
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6
2017
Current Thoughts 12/06/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 90%, currency, fiat, government, illusion, quarter, silver
What’s the matter with gold? If you have followed me long enough you know I have been saying the potential is for gold to get to the 1240-1250 level and today we hit 1262. So a little more downside is there. Sentiment also needs to be lower for a bigger bounce potential and shake out more weak hands. Pretty easy …
Read MoreNov
22
2017
Current Thoughts 11/22/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: allocation, buyer, dip, Dollar, Gold, lower, sentiment, USD/JPY
There really hasn’t been much to say the last 2 weeks in gold. It’s not like I can make something up to tell you to buy, but I can say that buying the dip is always a good time to add to your allocation. Gold is trying to move up but may stall out Friday and have one more last …
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8
2017
Current Thoughts 11/08/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bull, fear, Interest rates, market, North Korea, USD/JPY
We’ve got mixed signals in gold and silver right now. Part of those mixed signals come from the fact that we are bearish the micro move still in an overall bull move in metals. Gold and silver can still move down to the $1,240-$1,250 area and from there I would be making some purchases (anything below $1,250). Part of the …
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29
2017
Current Thoughts 10/29/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: credit, FANG, GDP, Inflation, rates
Where we go next in precious metals, may be determined by market sentiment as we can see greed is good, or at least for those long stocks. But let’s dig a little deeper and get a dose of reality and see if what you hear from CNBC about stocks going up for ever is actually based on any type of …
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22
2017
Current Thoughts 10/22/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: COT, data, Dollar, dxy, gdx, mining stocks, precious metals, support, USD/JPY
Precious Metals and Mining Stocks Analysis USD/JPY took off higher and that is putting pressure on metals, knocking them down to the levels we have discussed. Further analysis below. It’s clear that Funds are not buying this rally in the dollar index because they remain net short. This means that the possibility of a massive short squeeze is very real. …
Read MoreSep
28
2017
Current Thoughts 9/28/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, fed, GDP, Gold, jobs, USD/JPY
We’ve had a nice smack down in gold and if you glance over at the USD/JPY chart, you’ll know why. But there was more to it than that. The stronger dollar was needed by the Fed and their fake talk of higher rates was needed to support the stronger dollar for the short term, as they couldn’t have everyone running …
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17
2017
Current Thoughts 9/17/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 1964, bubble, CNBC, Gold, Julian Robertson, market, Purchasing Power, quarter, silver, tax reform
My latest article for the website in case you missed it last week; National Debt Surpasses $20 Trillion and Gold Falls There was an article last week that was somewhat bashing gold, asking if the metals still matter; Gold And Silver: Do They Still Matter? Two comments I posted in reply to it follow; 1. Gold never changes. You bury it in …
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