Gold couldn’t muster much of anything today and silver seemed more buoyed. The dollar was up early and is still hovering around the 96 mark looking for a direction to go. I still see over 100 on the horizon but anything can occur short term. Anyone notice where interest rates are again? I have said many times that interest rates …
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28
2015
Gold and Silver Current Thoughts 9-28-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Deflation, ETF Research Analysis, fed, Inflation, Japan, Mining Package, mining stocks, QE, rates, trading
My timing for the article I wrote for Seeking Alpha last week, which I referenced in Current Thoughts yesterday, was calling for lower prices in gold. Today we took a bit of a dive early and recovered a bit. I had said yesterday that it just seems like there isn’t much that can spark gold higher. Even the stock market …
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27
2015
Gold and Silver Current Thoughts 9-27-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: dead cat bounce, Gold, Seeking Alpha
In lieu of Current Thoughts I submit my latest article on Seeking Alpha. For those not familiar with the terminology; DEFINITION of ‘Dead Cat Bounce’ A temporary recovery from a prolonged decline or bear market, followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as …
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24
2015
Gold and Silver Current Thoughts 9-24-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, durable goods, Inflation, Interest rates, raise, Yellen Speech
NOTE: Yellen received medical attention after her speech today. Will be interesting to see what it was, but so far the markets are mixed and her words were simply confirming that the Fed is looking to raise rates by the end of the year. From the Trading Desk Weak US Core Durable Goods Orders today caused the USD to lose …
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23
2015
Gold and Silver Current Thoughts 9-23-2015 – Debt vs Growth
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Please read blog post for today’s Current Thoughts. Gold and Silver Current Thoughts 9-23-2015 – Debt vs Growth
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22
2015
Gold and Silver Current Thoughts 9-22-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: CNBC, commodities, cycles, Deflation, Dollar, fed, Ropke
From the Trading Desk The Fed leaving rates unchanged last week seems to have already been forgotten. Gold finished last week on a high note and pressing to break through resistance at $1,140. But this week it has started off with a whimper and has backed off the $1,140 handle to trend lower. The USD has gained ground against the …
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21
2015
Gold and Silver Current Thoughts 9-21-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: deflationary, dollar index, lower, metals, silver, trend
Gold reacted hand in hand with the dollar today. Not much more to say beyond that. For micro traders, this is what needs to be watched. For buyers of physical metals, I do believe that whatever happens in the short term with metals, the dollar will keep moving higher again, even breaking 100 on the Index again, and will naturally …
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20
2015
Gold and Silver Current Thoughts 9-20-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year treasury, CNBC, Dollar, economic data, fed, Gold, money velocity, rates, silver
Now that the Fed has made its decision we can finally see from a shorter term perspective what gold and silver will do. My best guess is they may have a little upside left in them but the money was made shorting gold and silver on Friday. I think the real money made from a trading perspective is to expect …
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17
2015
Gold and Silver Current Thoughts 9-17-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: chickened out, China, CNBC, economic data, fed, Gold, raise, rates, Steve Liesman
From the Trading Desk Prior to the Fed’s meeting today, gold traded in an uninspired $7 range during the overnight and early NY trading sessions. Traders were clearly on the sidelines and had trimmed positions ahead of the FOMC. Once the Fed meeting finally started at 11 AM PST though, participants returned to the market and gold shot up 1%. …
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16
2015
Gold and Silver Current Thoughts 9-16-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: decision, Economy, fed, Gold, markets, raise, rates
Yesterday I said “If you don’t own gold and silver, dollar cost average into a position on the dips. Buy some now and buy some at lower prices for a better overall good price. The future will take care of itself. Governments will always screw it up.” Tomorrow we find out if they believe their own hype. Unemployment by their …
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