Gold and silver were basically up a little most of the day, primarily on a weaker dollar and not so good home sales report that came in less than expected. The stock market took a hit slightly too. But then gold and silver faltered a bit and gold ended in the red and silver about flat. Meanwhile mining stocks got …
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25
2015
Gold and Silver Current Thoughts 10-25-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year, Dollar, fed, Gold, higher, Illusions of Wealth, Interest rates, Treasury
The dollar shot up on Friday yet gold only moved down fractionally while silver ended the day green. It’s hard to take credit for predictions of higher dollar and lower gold when you see one, the dollar shoot higher and the other not move much in the opposite direction. Something has to give here. Being that this is once again …
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22
2015
Gold and Silver Current Thoughts 10-22-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
From the Trading Desk It’s been a very slow day so far with gold trading in an uninspiring $10 range. As expected, the European Central Bank kept rates unchanged and signaled the possibility of fresh stimulus later this year. ECB President Mario Draghi commented that the central bank stands ready to adjust the duration, composition, and size of the central …
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21
2015
Gold and Silver Current Thoughts 10-21-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Seeking Alpha, short, silver, supply
Gold took a hit today and silver went down with it as the dollar broke above 95 like I was expecting it to. The markets may have turned south now for a bit so this should also help treasuries and the dollar and this rush to safety won’t head the way of gold just yet. Gold is the ultimate wealth …
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20
2015
Gold and Silver Current Thoughts 10-20-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 1964, contraction, credit, deflationary, Dollar, EURO, Gold, india, silver, YEN
From the Trading Desk The euro losing ground against the USD caused gold to back off its four month high in the low $1,190s that it achieved last week. After an impressive multi-week run up, gold is still maintaining its footing at these higher levels and is consolidating around its 200 day moving average at $1,176. Coin and bar demand …
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19
2015
Gold and Silver Current Thoughts 10-19-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 000, Dollar, Gold, price, Stock Market
Cubs lost again and gold fell again. I don’t give much hope for either of their success anytime soon, but maybe the Cubs win and gold bounces for a day. No, I am not correlating the two. We did see the dollar get close to that magic 95 number where I wouldn’t want to see it move over it as …
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18
2015
Gold and Silver Current Thoughts 10-18-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Economy, europe, Germany, Gold, Japan, weaker
It looks like gold is heading the same direction as the Chicago Cubs hopes, down and out. Watch for the dollar to potentially climb above 95 on the index if this is indeed the final micro top for gold. $1,200 is acting as good resistance and there is still a chance we can shoot a little above it to trap …
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15
2015
Gold and Silver Current Thoughts 10-15-2015 – Interview by Michael Rivero
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
From the trading desk; Gold and silver continue to grind higher, all the more impressive in the face of rallying equities and the euro losing ground against the USD today. Yesterday, gold closed above its 200 day moving average for the first time since mid-May and it has now gained $50 in the past five trading days. After …
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14
2015
I could simply make one statement today and leave it at that; the dollar was weaker today, pushing towards the 94 mark and gold shot up higher. Any questions? Retail data came out negative and producer prices fell more than expected causing the greenback to lose steam and precious metals to pick up steam continuing their short term trend higher. …
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13
2015
Gold and Silver Current Thoughts 10-13-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: CNBC, Deflation, dollar index, EURO, fed, Germany, Gold, Volkswagen
Gold fell in early trading on some bad China data and spent the rest of the day climbing back up and ended the day positive. Gold is on its last legs before the eventual turn down to the lower lows I have been writing about for so long. Watch the dollar move over 95 for your first clue as to …
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