Below is what I posted on the metals for the subscribers to my ETF Trading Leverage Service last night. GOLD MINING RELATED ANALYSIS DUST and JDST we have stayed long and strong and were rewarded big time on Friday. I said before Friday’s report everything that seemed to come true; “it’s all in the hands of one report tomorrow. I expect it …
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9
2015
Gold and Silver Current Thoughts 11-08-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bear, CNBC, December, Economy, fed, Germany, Gold, Melissa Lee, numbers, raise, rates, Rick Santelli, u-6, Unemployment
Forgot to hit publish yesterday. Thank Glen for the early morning phone call to let me know. We got what we expected with the unemployment report on Friday and gold is now heading towards its 52 week low which it got close to on Friday. I said the following before the report came out; “Dollar closed at 98. It will …
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5
2015
Gold and Silver Current Thoughts 11-05-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: balanced budget, congress, Dollar, Gold, jobs report
From the Trading Desk US jobless claims and unit labors costs data came in weaker than expected today, but the USD shrugged off the disappointing figures and continued its march higher. The USD index is approaching multi-month highs and gold is feeling the pain as a result. Gold fell for the sixth consecutive trading session today and is tenuously floating …
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4
2015
Gold and Silver Current Thoughts 11-04-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: chart, deflationary credit contraction, Dollar, fear, Gold, metals, premiums, sentiment, suppliers, weakness
Gold has fallen again and those who used China buying gold, China backing their currency with gold, China being admitted to the IMF and now part of the SDR’s (Special Drawing Rights) that are allegedly to be backed by gold are all wondering how the yellow metal can still be falling. Those who thought the dollar was going to crash …
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3
2015
Gold and Silver Current Thoughts 11-03-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: coin sales, ETF Research Trading Analysis, Gold, ounces, silver, support, US Mint
From the Trading Desk The hangover from last week’s Federal Open Market Committee meeting continues to afflict the precious metals. Gold has traded lower for four consecutive sessions now and is set to make its lowest close in over a month today. Recent equity and USD strength has contributed to traders and investors exiting from long precious metals positions. Gold …
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2
2015
Gold and Silver Current Thoughts 11-02-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Draghi, ETF Leveraged Daily Trading Service, Gold, IRA, jdst, jnug, profit, Seeking Alpha
Gold and silver continued south again today. Dollar was down early and recovered. Keep your eye on the dollar for gold’s next move. Today’s market was all about what Draghi said as that’s how markets should be traded this day and age, not by what the data says. It’s simply that type of game that one must play and understand …
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1
2015
Gold and Silver Current Thoughts 11-01-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: book, bullish, crash, disaster, Dollar, europe, Gold, higher, Hyperinflation, Illusions of Wealth, Japan, lower, migrant, nuclear, Zimbabwe
While gold slowly pulls back and begins to test its yearly lows, I want to remind everyone that overall I am about as big a believer in gold as you will find. I just don’t use all the reasoning that most do for buying gold, like “the dollar is going to crash” or we are going to experience “hyperinflation.” No, …
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29
2015
Gold and Silver Current Thoughts 10-29-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: drop, Future, GDP, Gold, objections, price
From the Trading Desk Market participants anxiously awaited results of the Federal Open Market Committee meeting yesterday and it did not disappoint in providing some fireworks. The Federal Reserve kept short term rates unchanged near zero but hinted at raising interest rates in the final meeting in December. In their statement, they cited becoming less concerned in recent weeks about …
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28
2015
Gold and Silver Current Thoughts 10-28-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: China, Currencies, decision, deflationary, Dollar, fed, Gold, Interest rates, renminbi, reserve, SDR
Today we got a taste of Fed policy and we see what it means for the stock market as that’s all the stock market knows to do is follow the Fed. It reminds me of that silly song that came out awhile back; “What does the fox say?” Of which no one knows the answer. In this case, “What does …
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27
2015
Gold and Silver Current Thoughts 10-27-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: apple, consumer confidence, Dollar, durable goods, fed, Gold, mining, negative, raise, rates, shares, silver
I need someone to explain something to me. We saw early on that durable goods orders came in worse than expected and later, consumer confidence came in much worse than expected. All the negative data that came out today and the dollar and treasuries are green? How? This shows you what investors perception is of the U.S. dollar and Treasuries as a …
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