Guess what? Dennis Gartman is bullish on gold again! If you watch the CNBC video, please see how Melissa Lee actually tries to convince Gartman that we are in a rising interest rate environment. Hey Melissa, it’s not September yet and if you haven’t noticed, the dollar has fallen 3% since breaking 100 on the Index about a month ago. …
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16
2015
Gold and Silver Current Thoughts 8-16-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: data, Dollar, fed, Gold, higher, market, perception, raise, rates, retail, silver
The dollar is below 97 again and gold is holding it’s own. Silver a little weaker than gold has some work to do. Since we have broken below that 97 level, for gold and silver to bounce higher we need the 96 level to be broken. The mining stocks have been weak of late and we have to see which …
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13
2015
Gold and Silver Current Thoughts 8-13-2015 – Thoughts on Dennis Gartman’s Calls On Gold
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year treasury, 1000, all in, Chinese, CNBC, Credit Contraction, Deflation, demand, dollar index, DOW, Gartman, Gold, wrong
From the Trading Desk After five straight days of gains, gold finally took a breather today and sold off quietly as the market calmed from the recent currency episode in China. Overnight, the People’s Bank of China Assistant Governor said that there is no further need for Renminbi depreciation following their decision to adjust the CNY-USD fixing earlier this week. …
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12
2015
Gold and Silver Current Thoughts 8-12-2015 and Sneak Peak at ETF Trading Results
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: China, dealers, Dollar, ETF, Glenn Beck, Gold, jnug, mining, Package, Santa Monica, Service, unscrupulous
Below you will find the latest version of our ETF Research Analysis. Enjoy the commentary. Today’s gold move above $1120 is just what the doctor ordered. That and the move I have wanted with the dollar below 97. A perfect storm for gold and gold mining stocks. We have had 16 stocks trigger long for the gold and silver Mining …
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11
2015
Gold and Silver Current Thoughts 8-11-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 10 year, 97, China, Comex, currency, devaluation, Dollar, dwti, Gold, note, sales, U.S. Treasury, UWTI, weak, Yuan
From the Trading Desk In the overnight trading session, the People’s Bank of China allowed their currency to depreciate by 2% against the USD, the biggest one day loss in two decades. Weak trade numbers which have been exacerbated by a strong currency in the face of weak global demand for its exports seemed to be the final straw for …
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10
2015
Gold and Silver Current Thoughts 8-10-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 100, ETF, Free Trial, Gold, JUNG, mining, Package, Service, Stocks
From my Current Thoughts yesterday; We will break out of this range in gold soon I feel. Perhaps this week and I think we break to the upside. But we need the dollar to break down in my opinion and that may come as we simply are not hearing about Greece and Europe (therefore the Euro) of late, even though …
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9
2015
Gold and Silver Current Thoughts 8-9-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: booming, commodities, Deflation, Economy, fed, Gold, Inflation, money velocity, raise, rates, silver
Gold is trying to bounce and hit $1,100 Friday only to close just above where it was Thursday. I sold my JNUG for a profit and bought back again at the end of the day and am still holding. Maybe I get a break come Monday and if gold can get past $1,100 I will hold onto it and add …
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6
2015
Gold and Silver Current Thoughts 8-6-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 10 year treasury, 100, 97, California, Deflation, Dollar, Gold, Illusions of Wealth, Interest rates, Miami, NJ, NY, Real Estate
From the Trading Desk: Global equities tumbled today but the risk off sentiment didn’t carry over to gold. The yellow metal bucked the trend and instead made modest gains on the day. Volume on the Comex electronic exchange for the active December contract was light at 90,000 lots traded and reflected summer trading conditions. After a big drop in mid-July, …
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5
2015
Gold and Silver Current Thoughts 8-5-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 000, Analysis, dollar index, dwti, ETF, Gold, pressure, trading, U.S. services sector, under, YANG
I said yesterday that the only thing that had me worried about a potential bounce “was the darn dollar” as it moved past 98 yesterday and today and immediately put pressure on gold today staying most of the day over 98. Gold took a hit with the good economic data from the U.S. services sector as seen in the chart …
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4
2015
Gold and Silver Current Thoughts 8-4-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: delays, Dollar, Gold, metals, mining stocks, sales, silver, supply, trend, u.s. mint
From the Trading Desk US Mint coin sales figures for the month of July are in and they are fairly impressive, especially in comparison to last year and considering that summer is typically characterized by weak physical demand. Gold coin sales in July totaled 202,000 ounces while last year’s July had a mere 35,500 ounces sold. This was nearly a …
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