From the Trading Desk Yesterday, economic data showed that sales of existing US homes rose by the highest amount since 2013. The figure came in at 5.19 million annualized for the month of March which beat the median forecast by economists of 5.04 million. The Mortgage Bankers Association also reported a 2.3% increase in mortgage applications on the week after …
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22
2015
Gold and Silver Current Thoughts 4-22-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 000, existing home sales, GDP, Gold, Liesman, lower, ounce
Gold didn’t like the data on existing home sales surging to the highest since September 2013. Speaking of data, I see that if you go to this link on CNBC that they haven’t written anything on the economy for the last 5 days until Steve Liesman video today showing how the 1st quarter GDP data the last 30 years is …
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21
2015
Gold and Silver Current Thoughts 4-21-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Yesterday, despite the decline in gold prices, I said I was still leaning long. Today, gold gave us a little move higher, pushing once more above the $1,200 mark. Silver is struggling with $16 again and still acting a little weaker. I have to wonder a bit if the commodities bull is turning. I get mixed signals because I see …
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20
2015
The April trend of a troubled month for gold continued today as gold fell once again below $1,200 with a little stronger dollar. We did get a move up in mining stocks off the bottom today so they seem to possibly be leading gold right now. I still want to see gold over $1,200 to be more than just “leaning” …
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19
2015
Gold and Silver Current Thoughts 4-19-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: April, data, Dollar, Gold, long, May, rise
Gold held its own on Friday and I am leaning long now since it has held up this long above $1,200. We are in dire need of a move higher or the bottom will fall out. Not much to really write about for the coming week so I want to go back and repeat what I wrote in a recent …
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16
2015
Gold and Silver Current Thoughts 4-16-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 1964, 1965, Asia, democrat, Dollar, dollar cost average, gallon, gas, Inflation, insurance, Purchasing Power, quarter, republican, scrip, silver, value
Today we had a good mid-day reversal after triggering some longs in the morning with the bounce higher. Perhaps a good rule is to be patient for a breakout before going long. The dollar is a little weaker and perhaps we can get a little run and have a nice trade. The risk vs. reward for this run is there …
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15
2015
Today I am providing a free sample of the ETF Research Trading Service I am offering below. These are the exact pages of what was sent out yesterday, 4/14/2015 and for today 4/15/2015 to subscribers. I hope you find this to be something you can all benefit from. As many of you know who have been reading what I write …
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14
2015
From the Trading Desk Gold kicked off the overnight session with a bearish tone. Worse than expected economic data out of China caused the Asian market to steadily offer gold down. Gold continued its descent lower into London trading hours and broke below support at $1,192. Stops were ultimately triggered in the low $1,190s and gold made it all the …
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13
2015
Gold and Silver Current Thoughts 4-13-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: apple, Dollar, edition, fiction, Gold, iwatch, lower, ounce
Repeat after me; gold is trending. So is silver. Gold under $1,200 again and silver still under $17. There is not much one can like about it, but that’s what it is doing at present. There will be a break down and perhaps it will come with the Dollar Index breaking 100 as it is close sitting at 99.47. I’m …
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12
2015
Gold and silver had a nice pop on Friday and stayed over $1,200 after once again not breaking through the $1,190 level. It has clearly stayed in this range and perhaps this is the time it breaks higher. I look at many indicators in trying to decipher the short term. The moving averages as the chart above show, can’t be …
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