Oct
12
2015

Gold and Silver Current Thoughts 10-12-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , ,

I’ve been concentrating on the dollar of late as I am expecting a turnaround back up which will put more pressure on gold. Some are saying the Fed wants a weak dollar but the Fed can’t do anything about what money flows to the U.S. dollar as a safe haven while all else around cracks up. We got some good …

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Oct
11
2015

Gold and Silver Current Thoughts 10-11-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , , ,

Gold got a little momentum on Friday and while we are bouncing at present, it is clearly an inverse dollar move and nothing more as we once again broke below 95 on the index. Question: How can you be so bullish on the dollar Doug? It looks like it is breaking down? Answer: If you look at the longer term …

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Oct
7
2015

Gold and Silver Current Thoughts 10-07-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , ,

It is my mother’s 80th birthday today and we are heading out celebrating. Happy Birthday Mother! We will hopefully be celebrating the Cubs win at the same time. I have decided to include the analysis from my ETF Research Trading Service on gold today. Fed minutes released tomorrow and we could have market makers having fun. Don’t really want to …

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Oct
7
2015

Gold and Silver Current Thoughts 10-06-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , , ,

From the Trading Desk Disappointing US Non-Farm payrolls figures on Friday allowed equities and commodities to finish the week on a strong note.  The weaker US data made the probability of a Fed rate hike by the end of the year much more unlikely, encouraging market participants to immediately pump funds into assets.  Silver, which had been trending lower, erased …

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Oct
5
2015

Gold and Silver Current Thoughts 10-05-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , ,

Many are turning bullish gold and the miners once again. Same thing they did in July of 2014 and November of 2014 through the beginning of 2015. A commenter on one of my articles sent me this graph of the two options we are at with gold at present. I lean, as you might guess, towards option (1), lower. But …

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Oct
4
2015

Gold and Silver Current Thoughts 10-04-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , , ,

I was asked a question on an article I had written for Seeking Alpha recently. This is as close as I can get for my Current Thoughts today. Hello Doug–do you see todays action in Gold another dead cat bounce? 2 Oct, 07:41 PM Doug Eberhardt , Contributor Comments (3262)| + Follow| Send Message Author’s reply »  This had a …

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Oct
1
2015

Gold and Silver Current Thoughts 10-01-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , , , , , , ,

From the Trading Desk After failing at its 100 day moving average yet again last week, gold has now traded lower for five consecutive sessions.  Dating back to June of this year, the 100 day moving average has forcefully rejected gold on three separate moves up.  It certainly looks like someone is trying to protect this level.  US Mint data …

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Sep
30
2015

Gold and Silver Current Thoughts 9-30-2015

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver Tags: , , , , , , , ,

Gold continued its way down again today but it did at least bounce from the lows. I have to lean for the short term that we continue this bounce higher but I think it will be short lived and the next stop the break of $1,100. Silver will fall faster than gold after this short term correction.  If the dollar …

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