Nothing new to speak of in the gold markets except that it’s moving higher. We still overall see some short term dollar weakness and gold is running up towards its $1,200 resistance. Silver just hit $15 and could go up to the $16 resistance. You’ll recall these resistance levels from last year. Watch the dollar for clues at this point. …
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4
2016
Current Thoughts for 2/4/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Abe, Dollar, Draghi, EURO, Gold, mutual funds, YEN
From the Trading Desk After failing two days in a row at its 200 day moving average, gold finally decisively broke through it yesterday and made impressive gains. Shorts scrambled to cover positions as the 200 DMA gave way and gold closed right near the highs of the day. With gold having broken out of a key technical barrier, investors …
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3
2016
Current Thoughts for 2/3/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year treasury, Dollar, Gold, rates, uptrend, vix
Doug, the dollar fell hard today. Is the bottom in for gold? Answer; No. The dollar is still in an uptrend. Doug, Is there fear in the markets overall? Answer; Let’s take a look at the VIX which still shows signs of fear but not enough to worry about yet. Doug, another indicator you have is the 10 Year Treasury. …
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2
2016
Current Thoughts for 2/2/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, ETF, fed, Gold, Illusions of Wealth, increases, Liesman, markets, rate, silver
From the Trading Desk Despite the Dow being down nearly 300 points at the time of writing, gold is still struggling to break through the significant resistance level of its 200 day moving average at $1,131. This technical barrier has capped the market the last two days and gold has not been above it since October of last year. Besides …
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1
2016
Current Thoughts for 2/1/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: backtrack, book, CNBC, deflationary contraction, fed, GDP, Gold, PMI, Steve Liesman
We finally did get past that $1,122 level and caught some of JNUG and NUGT long this morning in the trading room. The Dollar Index actually fell and hit the 99 level bouncing off of that a few times. It kind of stopped the run in gold but we have to lean bullish gold and the miners until this run reverses. …
Read MoreJan
31
2016
Current Thoughts for 1/31/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year, central banker, contraction, deflationary, Dollar, fed, Gold, John Exter, pyramid, rates, Volcker
In Wednesday’s Current Thoughts I said the following; No, we are not off to the races yet. Not even close. I say that with all sincerity and not to be pompous about it. Gold has one more leg down in it and the market is giving you a little hint of what it can do. Little. Mining stocks …
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28
2016
Current Thoughts for 1/28/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: discrepancy, fix, Gold, jobs, LBMA, market, metals, price, silver
From the Trading Desk Yesterday’s Federal Open Market Committee was predominantly dovish. The Fed left interest rates unchanged and the projection for further rate hikes for the remainder of the year was notably less ambitious than in previous meetings. Gold had been trailing lower for most of yesterday’s trading session but the FOMC ignited it. Gold shot up to make …
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27
2016
Current Thoughts for 1/27/2016
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 0%, CNBC, dollar index, Fed announcement, Gold, incompetence, March, rate increase
Today we got the news we were expecting from the Fed, no raise in rates. Those at CNBC may not understand why but the Fed is catching up to the fact that the economy isn’t ready for a rise in rates. They are giving over an 80% chance they will raise rates in March now and I give it 0%. …
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26
2016
We are doing fantastic in the trading room at Seeking Alpha. We have been long UWTI, JNUG, NUGT and USLV. If you are not making money and don’t want to even try a 2 week free trial then I don’t know what else to say. There is nothing like this service anywhere. Click here to learn more and start the …
Read MoreJan
25
2016
Gold today moved up with silver in anticipation of what I believe to be signs on the wall the Fed knows it made a mistake last December and is now going to have to come up with some language that satisfies investors, doesn’t instill fear in the markets, keeps rates low to stir up growth and somehow gets the dollar …
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