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Read MoreGold and Silver Current Thoughts 7-19-2015
I have included today’s Current Thoughts embedded in the following link which is the introduction of the ETF Research Trading Analysis 2 week free trial. If you like what you see, at a minimum you will enjoy my insight to the markets which if you have followed my call for lower gold prices is pretty accurate. We have had some …
Read MoreGold and Silver Current Thoughts 7-16-2015
Today’s gold market is more of the same for the morning session. Gold just doesn’t want to get up and go and is inching ever so closer to the Nov. 5th lows. Once we break those lows, $1,000 is right around the corner. I do still think we get a technical bounce. I saw an article today from the Financial …
Read MoreGold and Silver Current Thoughts 7-15-2015
Things still looking down for gold even though we haven’t yet broken the Nov. 5th lows. Some of us are getting tired of the lower lows as we march towards last years lows, but I still see the good potential of a bounce. It’s a slow death march for sure, but one that I think will be countered soon enough. …
Read MoreGold and Silver Current Thoughts 7-14-2015
From the Trading Desk Greek Prime Minister Alexis Tsipras accepted new proposals from creditors including stipulations for a EUR 50 billion sale of Greek assets and acceptance of a high level of domestic economic supervision by bailout monitors. The euro and gold immediately traded lower upon the release of the news. Gold has now traded lower for the third day …
Read MoreGold and Silver Current Thoughts 7-13-2015
I’m sticking with my feeling that we still get a bounce in gold and silver even though we saw a solution for the Greece situation. The mining stocks listened to my predictions yesterday but the physical metal price listened to the higher dollar and stayed down throughout the day. I put up a daily chart of the dollar below. We …
Read MoreGold and Silver Current Thoughts 7-12-2015
Was a long week at FreedomFest but well worth it. While there were many speakers there it was the one on one conversations I had with economists, CEO’s and other business owners and individuals that really gave me a pulse of what’s going on in America. There were over 2000 attendees and I was of course the only person who …
Read MoreGold and Silver Current Thoughts 7-9-2015
From the Trading Desk After a wild few days of trading, the Federal Open Market Committee minutes yesterday didn’t really provide any additional shocks to rattle the markets. The FOMC expects inflation to rise, unemployment to fall, and the economy’s equilibrium real interest rate to move higher for the next few years. The plan is to still raise the federal …
Read MoreGold and Silver Current Thoughts 7-8-2015
Gold and silver held their own today with the dollar falling back a bit. It seems gold wants to move a bit higher but the mining stocks wanted nothing to do with this move up and fell with the overall market. You will remember in the 2008 pullback, gold mining stocks and gold also fell with the overall market. For …
Read MoreGold and Silver Current Thoughts 7-7-2015
More coming soon, but I wanted to get something out as soon as I could. Busy day today! From the Trading Desk With fears surrounding the Greek crisis at center stage this morning, the USD staged a rally against the euro as precious metals sank. Silver dropped over $1.00 (7%), platinum fell to a level it hadn’t seen in six …
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