Apr
14
2016

Current Thoughts for 4/14/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , ,

From the Trading Desk After holding as support for five consecutive trading days last week, the 50 day moving average in gold finally gave up today. Gold topped out at $1,260 on Tuesday but sold off yesterday and has collapsed today more than $20.  Even yesterday’s geopolitical tension in the form of two Russian fighter jets exhibiting aggressive flight maneuvers …

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Apr
12
2016

Current Thoughts for 4/12/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , ,

From the Trading Desk Gold’s 50 day moving average held as perfect support for five consecutive trading days and helped form the base for gold making three week highs so far this week.  The USD remains weak with the DXY index, a broad-based barometer of USD strength, at lows not seen since August of 2015.  The Japanese Yen continues to …

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Apr
5
2016

Current Thoughts for 4/5/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , ,

From the Trading Desk Gold was looking vulnerable but managed to hold above its 50 day moving average for the third day in a row today.  Following consecutive down days, gold gained ground as equities floundered and turned further south.  Japan’s Nikkei hit a two month low which spurred physical demand in the broader Asian region.  While China exhibited an …

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Apr
3
2016

Current Thoughts for 4/1/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , ,

Gold down to $1,218 and dollar up a hair. I am still looking at lower prices but not saying we have topped yet until we get under $1,200 in gold. Some comments I have made recently on various sites: Regarding Gerald Celente: Celente is in the Schiff, John Williams camp and the “doomsday predictions sell” type of analysts. Like Schiff, …

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Mar
31
2016

Current Thoughts for 3/31/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , ,

From the Trading Desk Gold closed today capping its best three month performance in over 25 years.  The last time gold exhibited quarterly gains of more than 15% was Q3 of 1990!  Financial turmoil across a variety of assets was the overarching theme this past quarter and the safe haven allure of gold proved to be an attractive calling to …

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Mar
29
2016

Current Thoughts for 3/29/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , ,

From the Trading Desk Returning from the long Easter weekend, the markets were quiet to kick off the week.  That trend continued into today until Federal Reserve Chair Janet Yellen’s speech at the Economic Club of New York.  Yellen stressed that the Federal Reserve will take a cautious approach to future rate hikes given the uncertain economic outlook.  She also …

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