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 …
Read More9
Aug
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 …
Read More2
Aug
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. …
Read More30
Jul
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 …
Read More25
Jul
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 …
Read More20
Jul
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 …
Read More17
Jul
Gold and silver are moving up slowly and the USD/JPY moving down slowly. No real reason to come here every day and report micro moves. Gold is going past $1,300 next move and silver past $18. From there more than likely higher. USD/JPY will break 109 and then probably 100 at the same time. But let’s get through the Japanese …
Read More11
Jul
Current Thoughts 7/11/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 300, Gold, testimony, USD/JPY, Yellen
We have been waiting patiently for the USD/JPY to break down and it finally did today. Breaking under 114 is the key number and confirmation of the gold bull is under 113. You’ll notice silver finally rebounded today too after taking a good beating. Tomorrow we have Yellen testifying. I’m not sure what she can say to keep the investors …
Read More5
Jul
Current Thoughts 7/5/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bottom, Dollar, Gold, index, inverse, relationship, USD/JPY
Gold and silver have been in a bottoming process of lat, only delayed by two things; a higher USD/JPY and a thin trading day Monday followed by the holiday and overnight low. But today after there FOMC minutes, we finally had a move in metals and mining stocks alike. The only laggard is silver. I think silver though will lead …
Read More29
Jun
Current Thoughts 6/29/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Gold, inverse, market makers, relationship. volatility, Stock Market
Gold still consolidating before blast off. Today I have to laugh at its reaction to the market decline and increase in volatility, as well as its response to the dollar and USD/JPY. Market makers simply took gold down early and kept it down even though it tried to break up for a bit. Still need to get over $1,250 then …
Read More