Jul
6
2015

Gold and Silver Current Thoughts 7-6-2015

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

The Greece news came in with the “NO” vote meaning they wouldn’t succumb to IMF pressure to take cuts on various programs the Greece have enjoyed through the labor of others. The markets took it hard and opened down everywhere including the U.S., but lo and behold, what did gold do? Gold simply didn’t want to join the party. Mining …

Read More
Jul
5
2015

Gold and Silver Current Thoughts 7-5-2015

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

From the Trading Desk Despite the long weekend coming up in the US in celebration of July 4th, gold traded with decent volume today on the Comex electronic exchange.  Better than expected US employment figures contributed to gold trending lower for the third day in a row.  Surprisingly, Greece defaulting on its payment to the International Monetary Fund has done …

Read More
Jul
1
2015

Gold and Silver Current Thoughts 7-1-2015

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

Gold and silver continue down the slippery slope to the November 5, 2014 lows. The mining stocks really got hammered. Yesterday I said; “I think they will kick the can down the road and cave in again to help Greece” and that’s what happened today and as a result, the DOW went up triple digits and all is well in …

Read More
Jun
30
2015

Gold and Silver Current Thoughts 6-30-2015

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

Gold and silver started the day lower, tried to make a run higher and ended up back to the lows of the day. I want to remind gold bulls what stage we are in with gold. Richard Russell sums it up best (and I mentioned this in my book, Buy Gold and Silver Safely. I believe gold is in a …

Read More
Jun
28
2015

Gold and Silver Current Thoughts 6-28-2015

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

Fear is coming back to the markets at present as the Greece situation unfolds. Below is the current snapshot of the DOW and S&P 500 futures market down 1.5% at present. I had said in my last Current Thoughts written Thursday that China had a long way to go in taking over as a leading currency and Chinese stocks on Friday …

Read More
Jun
24
2015

Gold and Silver Current Thoughts 6-24-2015

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

The tale of 2 headlines shook the market today. One from CNBC that didn’t reveal the truth of the matter and the others from Zerohedge which usually always takes the negative side of financial news.  I don’t deal in conspiracies, but zerohedge did point out what happened shortly after the GDP revised numbers came out. Gold & Silver Slammed In Mini-Flash-Crash …

Read More
Jun
23
2015

Gold and Silver Current Thoughts 6-23-2015

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

From the Trading Desk Yesterday, US home sales for the month of May came in better than expected and rose by 5.1% to 5.35 million units, the best figure since 2010.  Gold had already failed two days in a row at its 200 day moving average and the positive US homes data was reason enough for it to retreat 1.50% …

Read More
Jun
22
2015

Gold and Silver Current Thoughts 6-22-2015

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

Today gold opened lower and kept falling while silver stayed positive. Gold was down $19 just after the open after declining in Asia overnight but is up $5 from that low of $1,181.50. The DOW continued its move higher up triple digits and is thinking the situation with Greece will be resolved. The Greeks seem to think so as well …

Read More