From the Trading Desk Gold’s bullish reaction on the Sunday open to Good Friday’s disappointing nonfarm payrolls figures seems like a distant afterthought now. Gold failed to break through the triple top at $1,224 on Monday and has now sold off for three consecutive trading sessions. The Fed minutes were largely interpreted as bearish by gold investors this week. It …
Read MoreApr
8
2015
Gold and Silver Current Thoughts 4-8-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Americans, CNBC, Economy, fed, Gold, Interest rates, Jerome Powell, Liesman, market
The Fed’s minutes didn’t budge any of my indicators today. Gold and silver were in the red most of the day. Gold is fighting the $1,200 resistance and silver flirts with the $17 mark. We have been here for several months despite some trips in both directions for a week or so. Be patient and let the trend develop for …
Read MoreApr
7
2015
Gold and Silver Current Thoughts 4-7-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Economy, ETF Research Trading Service, fed, Gold, interest, kocherlakota, member, rates
The Blog page now has the article up “Don’t Buy Gold Now, Wait Until It’s Under $1,000.” From the Trading Desk On Good Friday, US nonfarm payrolls data showed a rise of 126,000 during March after a gain of 264,000 for February. The March figure was far below the median forecast of 245,000 and nonfarm payrolls for January and February …
Read MoreApr
6
2015
Gold and Silver Current Thoughts 4-6-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bullish, CNBC, data, dudley, fed, JOLTs job Openings, kocherlakota
Gold moved up through the morning along with silver and then slowly fell the rest of the day. Gold is down just over $3 in Asian trading and silver back under $17. We may still get a move higher in gold and silver. The dollar is just over 97 on the index and acting a little weak. CNBC even had …
Read MoreApr
5
2015
Gold and Silver Current Thoughts 4-5-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, $850, 000, consolidation, Economy, fed meeting minutes, Gold, silver, weekly economic calendar
This will be an interesting week for gold. We should get a bounce up with the weak job numbers on Friday. As usual with Fed meeting minutes released, expect some volatility. I posted last week what many of the Fed members think in that we should get higher rates in the near future. But I’ve also wrote about the data …
Read MoreApr
1
2015
Gold and Silver Current Thoughts 4-01-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: CNBC, Economy, fed, Gold, Lockhart, manufacturing, price, raise, rates, silver
Gold took today’s employment data showed a deceleration in March and February construction numbers showed a steeper decline than estimated. This gave gold and silver a nice boost and was something I gave a 60/40 chance of occurring. Now that we are above $1,200 again in gold, it may take us higher which is what may get us a summer …
Read MoreMar
31
2015
Gold and Silver Current Thoughts 3-31-2015
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Chicago PMI, Economy, fed, Gold, Lacker, silver
This is the first Current Thoughts without the ETF analysis. If you are interested in still receiving the ETF analysis, you can subscribe to it by clicking here: ETF Research Trading Service. The Mining Package is available now. You can subscribe to this by clicking here: Mining Package. From the Trading Desk After losing ground for a week and a half, …
Read MoreMar
30
2015
The Mining Package Is Available We are excited to tell you that as of Friday the Mining Package is now available for purchase and was announced to those who signed up to receive notification on Saturday. The response has been great so far and you will be impressed with the research that took 9 months to come to fruition. The …
Read MoreMar
29
2015
The Mining Package Is Available We are excited to tell you that as of Friday the Mining Package is now available for purchase and was announced to those who signed up to receive notification on Saturday. The response has been great so far and you will be impressed with the research that took 9 months to come to fruition. The …
Read MoreMar
26
2015
From the Trading Desk Unrest in the Middle East has caused crude oil to rally over 15% in the last five trading days. A coalition of ten countries led by Saudi Arabia has launched air strikes in Yemen against Shia Houthi rebels to “defend the legitimate government” of President Abdrabbuh Mansour Hadi. While Yemen is not a large oil producing …
Read More