Gold and silver are moving up slowly and the USD/JPY moving down slowly. No real reason to come here every day and report micro moves. Gold is going past $1,300 next move and silver past $18. From there more than likely higher. USD/JPY will break 109 and then probably 100 at the same time. But let’s get through the Japanese …
Read MoreJul
11
2017
Current Thoughts 7/11/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 300, Gold, testimony, USD/JPY, Yellen
We have been waiting patiently for the USD/JPY to break down and it finally did today. Breaking under 114 is the key number and confirmation of the gold bull is under 113. You’ll notice silver finally rebounded today too after taking a good beating. Tomorrow we have Yellen testifying. I’m not sure what she can say to keep the investors …
Read MoreJul
5
2017
Current Thoughts 7/5/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bottom, Dollar, Gold, index, inverse, relationship, USD/JPY
Gold and silver have been in a bottoming process of lat, only delayed by two things; a higher USD/JPY and a thin trading day Monday followed by the holiday and overnight low. But today after there FOMC minutes, we finally had a move in metals and mining stocks alike. The only laggard is silver. I think silver though will lead …
Read MoreJun
29
2017
Current Thoughts 6/29/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Gold, inverse, market makers, relationship. volatility, Stock Market
Gold still consolidating before blast off. Today I have to laugh at its reaction to the market decline and increase in volatility, as well as its response to the dollar and USD/JPY. Market makers simply took gold down early and kept it down even though it tried to break up for a bit. Still need to get over $1,250 then …
Read MoreJun
28
2017
Current Thoughts 6/28/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Gold, highs, jnug, resistance, silver, USD/JPY
Gold up 7 to 1253.30. Silver up .20 to 16.82. JNUG bidding 19.35. USD/JPY fell below 111.90 overnight and back to 112.20 and now falling to 112.08. Still one to watch IMO. But dollar down .29 to 95.89. That’s pretty big news. Break below 93.05 would get gold going finally. Next support for the dollar if we break below 93.05 …
Read MoreJun
27
2017
Current Thoughts 6/27/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: clueless, consolidating, ETF Trading Research, Gold, report, Yellen
Today we had a pullback finally in the USD/JPY but it was preceded by the comments from ECB President Draghi becoming more hawkish in his tone. This pushed the dollar lower and gold higher to start the day, then gold fell, rose again and by the end of the day gold started to fall. Pretty crazy day all around. Gold …
Read MoreJun
26
2017
Current Thoughts 6/26/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Central Bank, crash, flash, Gold, trader, USD/JPY
I wrote an article yesterday that outlined that if the USD/JPY was going to move over 111.50, gold would have some issues still and it did. Not only did we have that occur, but overnight we had a flash crash in gold when someone sold a bunch of it at once driving the price down $20 instantly in a market …
Read MoreJun
20
2017
Current Thoughts 6/20/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: fed, FOMC, Gold, markets, support, trading
This is the week I have said gold was ready to blast off. Today may or may not have been the lows but we should know more here very soon, probably within 24 hours. Interestingly enough the stock market had it’s worst day since May. And the Fed thinks everything is just peachy. What could go wrong? Watch tech stocks …
Read MoreJun
19
2017
Current Thoughts 6/19/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: higher, metals, pressure, record, silver, Stocks
Is gold going to finally take off? The answer is yes, this week. I put a high degree of confidence in this. We have the Fed out of the way and they raised rates. Even with the bad data we have been seeing, the Fed ignores it and sticks with their plan of higher and higher rates. The stock market …
Read MoreJun
12
2017
Current Thoughts 6/12/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bars, China, demand, Gold, investment, jewelry
Gold demand set to increase in China and India Mostly Through Investment Bars in China It seems while we bottom out here in gold we have many reasons formulating that the next move up should have some strength behind it, not a short term pop and drop like we have seen so many times. India has set the gold tax …
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