Based on DSI analysis there is a 60% chance gold will move higher right now and about a 35% chance silver will based on prior peaks before reversals in sentiment. In other words, silver may lead gold lower on a probability basis, but there still are North Korea issues looming over us. We did move lower in metals today but …
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29
2017
Current Thoughts 8/29/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: data, Dollar, economic, ETF, market, missiles, North Korean, Service, stock, Subscription, trading, USD/JPY
We finally got to the $1,310 level I was looking for in gold and have had a little pullback. Everything going to plan and you can see why it doesn’t make sense to write about the gold market every single day and still have a plan come together. Sure, there are day to day news, economic data, North Korean missiles, …
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22
2017
Current Thoughts 8/23/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: central banks, CNBC, Debt to GDP, fed, government, Jackson Hole, markets, protesters, spending, tax, WY
Today was about fake stock market moves based on fake Tax Reform as evidenced by the screen shots below. CNBC have an agenda or what? Gold bulls at rest right now as once again the USD/JPY moves higher putting pressure on metals and miners. This is a rinse and repeat story that has gone on too long. I see us …
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16
2017
Current Thoughts 8/16/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: futures, Gold, Illusions of Wealth, jnug, Service, trading, uvxy, wheat
Below is today’s analysis for the ETF Trading Service I run over at IllusionsofWealth.com Today’s Trades and Current Positions (highlighted in yellow): We were on the right side of metals and miners today. Some of you were locking in some good profit. Others just waiting for lift off. I think we are finally close. At least JNUG is over 18 …
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11
2017
Current Thoughts 8/11/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Comex, Gold, Mattis, North Korea, support, Trump
From the Trading Desk The headlines surrounding tensions between North Korea and the United States continue to increase in frequency and severity. Up until this week, the back-and-forth intimidation’s from North Korean dictator Kim Jong-un and US President Trump occurred, in general, a few weeks apart. Now they’re occurring multiple times a day. Earlier in the week, North Korean officials declared …
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9
2017
Current Thoughts 8/9/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: fire, fury, Gold, North Korea, Trump
After a little down trip and a test of some lows, gold has taken off again and we can thank President Trump for his fire and fury comments towards North Korea. Just what the doctor ordered. From here we’ll have some volatility still but gold is headed to over $1,300. The only thing we are waiting on is a break …
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2
2017
Current Thoughts 8/2/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, EURO, higher, lower, pullback, short term
Precious Metals and Mining Stocks Gold getting pushed down a bit. Lots of times that happens right after the market closes for trading. The closer we get to $1,250, the more we will get long gold again. Only $13 away! Will try and manage the downside the best I can, and see if there are extensions lower to worry about. …
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30
2017
Current Thoughts 7/30/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Banks, COT, funds, Gold, producers, silver
Gold is still struggling with that 1270-1272 level I mentioned in Thursday nights report and we’ll see if we can break through that now or have a slight pullback. While we are long gold and silver at present, miners we are out of except for Swing Traders and I gave us a 60% chance of being higher on Monday. We’ll …
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25
2017
Current Thoughts 7/25/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: American Eagles, CryptoCurrency, DAO Tokens, Digital Asset, DSI, Gold, jnug, metal, physical, SEC, Securities, sentiment, silver, USD/JPY
So far the synopsis for metals is BULLISH after the Fed. Until then, anything can happen and probably will. USD/JPY already went over 112 just now. USLV has to break 12.38, JNUG 18.29, NUGT 32.04, UGLD 10.40. From there the charts look like runners for all. I want to be clear on the bullish trend being there, underlying all this …
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20
2017
Current Thoughts 7/20/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: CFTC, Comex, data, Draghi, Gold, Mueller, Trump
From the Trading Desk The euro has been on a steady rise so far in 2017 and it reached yearly highs today on the heels of the European Central Bank press conference. ECB President Mario Draghi said the bank saw signs of “unquestionable improvement” in European Union growth and intimated that plans are underway for policymakers to begin adjusting their …
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