Sep
15
2015

Gold and Silver Current Thoughts 9-15-2015

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

From the Trading Desk Over the past two trading days, gold has traded in an unremarkable $9 range.  A part of this dull trading activity may have been attributed to the Rosh Hashanah holiday, but it is predominantly due to market participants trimming positions ahead of the FOMC on Thursday.  Volume of the December Comex gold contract for each of …

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Sep
14
2015

Gold and Silver Current Thoughts 9-14-2015

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

Gold struggled again today and silver looked especially weak along with oil and other commodities in general. I am not sure if I have convinced you yet that deflation is hanging over our heads, but it is obvious to me. I do believe it is obvious to the Fed too, but since their credibility is on the line, and we …

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Sep
10
2015

Gold and Silver Current Thoughts 9-10-2015

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

From the Trading Desk Yesterday, a global equity rally and a stronger USD caused gold to trade lower for the fifth day in a row. Asian equities, led by Japan, started the session off in a positive direction.  By the time the US time zone was reached, US bourses trended lower but bond yields rose which weighed on the yellow …

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Sep
9
2015

Gold and Silver Current Thoughts 9-9-2015

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

Gold fell before the market opened and continued to fall as the dollar rose over 96 again today. I thought we might get a move higher because gold wasn’t breaking down, but it just didn’t happen yet. I would look at a fall below 96 on the Dollar Index as a reason to get in gold which it did at …

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Sep
7
2015

Gold and Silver Current Thoughts 9-7-2015

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

Because there is a lot of confusion in the markets right now investors are wondering whether they should buy gold/silver now or wait? You can see the market turmoil in most every market and country, yet gold can’t get moving higher. This is about a negative of a indicator as I have seen for the safe haven metal. But it …

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Sep
3
2015

Gold and Silver Current Thoughts 9-3-2015

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

From the Trading Desk The wild start for the financial markets earlier in the week has calmed quite a bit as the week has progressed. The VIX index has move steadily lower and gold has sold off the last few days as equities have stabilized.  China being off the grid overnight to celebrate its Victory national holiday certainly helped the …

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Sep
2
2015

Gold and Silver Current Thoughts 9-2-2015

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

The dollar is still hovering around the 96 level and gold/silver couldn’t get anything going today. The stock market was higher but it didn’t take the gold and silver mining stocks with it. That is not a good sign for the precious metals. If the dollar continues to move higher then we should see gold and silver begin their next …

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Sep
1
2015

Gold and Silver Current Thoughts 9-1-2015

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

From the Trading Desk At the time of this writing, the Dow is down 500 points.  The Vix index is up 11%.  Commodities, as a whole, are a sea of red with crude oil down nearly 10%.  Any feelings of comfort that the stock market recovery at the end of last week inspired have evaporated today.  Gold is bucking the …

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