Gold is still hovering above the $1,200 mark, trying to find direction. I think it will finally get some direction this week if we get the Greece situation resolved one way or the other. Below is the chart from Friday. Silver is staying above it’s $16 resistance as well. I would use these figures as your trading signal to …
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18
2015
Gold and Silver Current Thoughts 6-18-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $10 bill, 2020, bearer, CNN, Confiscation, Dollar, evolution, Federal Reserve Note, gold certificate, redeemable, technicals
From the Trading Desk On the heels of the US Federal Reserve signaling that it will be even more cautious than expected in the shift towards monetary policy normalization, gold rallied to three week highs today. Traders had positioned themselves on the short side of gold recently based on positive US data but they were caught off guard with yesterday’s …
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17
2015
Gold and Silver Current Thoughts 6-17-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: AIG, Deflation, Dollar, fed, Gold, Goldman Sachs, Interest rates, mining stocks. silver, raise, Yellen
The Fed came out with their decision today and as expected did not raise rates. They also said and Yellen later confirmed that they have no plans of raising rates yet 10 of the members did say they would raise rates “sometime this year.” While I wanted to see a specific time-frame of September for raising rates, I have to …
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16
2015
Gold and Silver Current Thoughts 6-16-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Baltic Dry Index, Dollar, economic activity, fed, Gold, Interest rates, Stocks, Treasuries, valuation, whipsaw
We got the volatility for the stock market as we whipsawed back up pre-fed. I still lean short the market and metals, but actually think after a pullback in stocks we break to higher highs. For gold I see lower lows ahead. But what will the Fed say or do tomorrow that can be bullish for stocks? I don’t see …
Read MoreJun
15
2015
Gold and Silver Current Thoughts 6-15-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: debt, europe, fed, Gold, industrial, interest, Japan, production, rates, september, silver
Had a little bit of an upswing in gold and silver as they just can’t get to the lower lows I am expecting. This range bound activity may be boring for most, and I will say it is difficult to write about as I would prefer to write a million bullish articles on gold, but this week is Fed week …
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14
2015
Gold and Silver Current Thoughts 6-14-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: article, data, down, economic, Gold, weekly
Today’s Current Thoughts are summed up in my most recent article Gold Is Knocked Down, but Not Out. Gold Is Knocked Down, but Not Out The weekly economic calendar is below. The most important issue this week is the Fed meeting, so expect some volatility as usual. Time Cur. Event Forecast Previous Monday, June 15 03:00 EUR German Buba President …
Read MoreJun
11
2015
Gold and Silver Current Thoughts 6-11-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, forecasting, Gold, Research, retail, sales, supply, trading
From the Trading Desk After three consecutive days of gains, gold took a breather today as the USD fought back against recent losses. US Retail Sales m/m data increased by 1.2% in May while April figures were revised upwards by .2%. Besides this positive USD news, there was also some discord in Europe related to Greece from earlier in the …
Read MoreJun
10
2015
Gold and Silver Current Thoughts 6-10-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: allocation, asset, behavior, consumer, cycle, Dollar, Gold, Greece, IMF, maker, market, Merkel, stock
Gold had another good move earlier in the day and then gave it all back. The dollar did however break down below it’s 5 day trend but still needs to get below 93.13 for us to jump fully on a gold bull for a ride. The Greece kicking the can down the road has buoyed the Euro for now, but …
Read MoreJun
9
2015
Gold and Silver Current Thoughts 6-9-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 000, Gold, Interest rates, lows, uvxy, vix
Gold started the day out higher but could not continue moving up and instead reversed course and trended down the rest of the day as seen in the following chart. The dollar spent the day in a tight range which fits with what gold did today, not much of anything. You may get tired of hearing it, but until we …
Read MoreJun
8
2015
The dollar took a big hit today and while gold did rise today, it didn’t make a huge move up like it should have. There is still a lot of resistance holding gold back and this should be telling for those wanting to go long. Mining stocks also couldn’t muster much of an up day and a couple more junior …
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