Growth is a good thing. And we here are Buy Gold and Silver Safely are growing and updating our website and adding a store where investors can shop and buy precious metals. We will be making the official announcement for those who have signed up to receive updates this week. If you have not signed up for my newsletter/articles, please …
Read MoreJun
4
2015
Gold and Silver Current Thoughts 6-4-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: action, fed, Gold, IMF, Interest rates, lower, lows, November, price, Stock Market
From the Trading Desk The markets were a sea of red today with equities and commodities alike succumbing to liquidation pressure. Gold is at five week lows but managed to tread water above initial support at $1,170. Improving economic conditions in Europe combined with anxiety over US non-farm payrolls tomorrow had market participants trimming positions today. The IMF urged the …
Read MoreJun
3
2015
Gold and Silver Current Thoughts 6-3-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: claims, Dollar, Greece, jobless, metals, Stock Market
Today was one of those days where from a micro perspective, things didn’t go as planned. The dollar and both gold and silver fell today. Personally this may represent a time to get long gold and silver based on the Greece situation potentially getting resolved. In other words, you are buying at a discount if we get the news that …
Read MoreJun
2
2015
Gold and Silver Current Thoughts 6-2-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, ETF, GLD, Gold, Greece, u.s. mint
From the Trading Desk Greece is back in the headlines and there is optimism that Athens will accept a new proposal from creditors. Eurozone inflation rose for the first time in six months while US factory orders unexpectedly fell in April. The combination of these headlines has the euro up nearly 2% today, having moved solidly through previous resistance at …
Read MoreJun
1
2015
Gold and Silver Current Thoughts 6-1-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: consumer, factory, fed, flat, interest, rates, spending, weak
Gold had a spike up early on, but dollar strength pulled it back to flat by end of the day. It was interesting to see gold move past the $1,200 resistance and then move it $10 below that resistance. Kind of like my feelings yesterday when I didn’t have a clear picture, and to look for the dollar to see …
Read MoreMay
31
2015
Gold and Silver Current Thoughts 5-31-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 1 ounce, 1/10, 14, 25, 50, coin, Eagle, government. american, legal, Money, months, summer, tender
Gold is still hovering below the $1,200 mark and silver had a bit of a bump this past month. The question in my mind is what will get gold and silver to keep moving higher for the beginning of the summer months. The only answer that has been somewhat consistent would depend on what the dollar does and that is …
Read MoreMay
28
2015
Gold and Silver Current Thoughts 5-28-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: alpha, China, decline, Dollar, Mint, seeking, U.S.
From the Trading Desk In the overnight session, the Shanghai stock exchange had its biggest drop in four months (6.5%) after it was disclosed that a Chinese sovereign fund reduced investments in the biggest state owned banks for the first time. This was the biggest equity sell off since China tightened up margin trading rules in mid-January. The bearish Asian …
Read MoreMay
27
2015
Gold and Silver Current Thoughts 5-27-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Banks, China, delivery, ETF, EURO, fund, Greece
The news of the day was the continuing belief that Greece can resolve their issues and how the markets eat it up like how many believe politicians when they make campaign promises. For me, I’ll take Bill Gross’ take on Greece. He said the following today; A Greek exit from the euro zone could “discombobulate” currencies and open the door …
Read MoreMay
26
2015
Thoughts from the Trading Desk After the long Memorial Day weekend in the US, the markets came back today to a decidedly bearish tone across a variety of assets. Equities, precious metals, energy, and the euro were all in a sea of red today while the Vix index, a gauge of overall market volatility, closed up on the day nearly …
Read MoreMay
25
2015
Gold and Silver Current Thoughts 5-25-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 000, awareness, bearish, below, book, Buy Gold and Silver Safely, Dollar, Gold, Illusions of Wealth, silver
Gold has opened up slightly in early morning hours in Asia, still above the $1,200 resistance level and still in a range overall. Silver has been slightly stronger than gold and resting above the $17 resistance level. With the dollar perched above 96 on the Index now, it seems to be putting more pressure on the metals and this will …
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