In the 6/6/2017 post I said the following; “Do we have liftoff now? I don’t think quite yet. Still would like to see one more test lower if we can get it.” We got confirmation of the pullback today and now we have to see how much more legs it has to move lower before next week’s bottoming and take …
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6
2017
Current Thoughts 6/6/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: average, coin, demand, fed, moving, policy, Saudi, Trump
Gold finally got going overnight today and moved a bit higher during U.S. trading. Do we have liftoff now? I don’t think quite yet. Still would like to see one more test lower if we can get it. Next week’s Fed decision will finally give the “sell the news” permission for gold to take off. There is even talk of …
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31
2017
Current Thoughts 5/31/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Gold, jdst, jnug, miners
Current Positions and Today’s Trades Today we had a good morning trading DWT again, getting 6.61% and 10% on our two half share trades. DGAZ we did well and decided to lock in the profit on it as I have a good memory of last time it turned green and reversed the next day on us. JDST we held overnight …
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30
2017
Current Thoughts 5/30/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: fed, hike, June, markets, platinum, rate
We still have a downward move in metals before the next move higher. Going a little slower than I thought but bottoming processes are like that. Also a mixed signal today with the dollar lower and gold lower. For traders a little patience will pay off. For longer term investors a lot more patience as I have said I think …
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25
2017
Current Thoughts 5/25/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bad, data, GDP, Gold, Good, retail
The Fed gave gold bulls some good news yesterday but was it enough to get gold over the hump here? It looks to me like we are a little delayed in that run to $1,300 but I for one don’t mind waiting another week. It gives buyers of gold and silver the opportunity to buy lower. While gold was somewhat …
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23
2017
Current Thoughts 5/23/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 2400, 300, decline, dip, Dollar, S&P, selling
A couple days ago I said that we have one more dip lower in gold this week and we got it today with gold down over $10 at one point. We should bottom tomorrow at around $1,245 area and then start the march to over $1,300; finally. If you have not “bought the dip,” then this is the time to …
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21
2017
Current Thoughts 5/21/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: fed, GDP, Gold, minutes, Yellen
Gold and silver have one more trip lower this week and we’ll soon be off to the races over $1,300 again. This is your week to buy the last dip for a bit. We’ll have to watch the dollar for a bounce to confirm one more trip lower. We do have Fed minutes this week which might boost the dollar …
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16
2017
Current Thoughts 5/16/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, higher, indicator, market fall, USD/JPY
In yesterday’s Current Thoughts I said; “If dollar moves up, gold should go down and vice versa..” Today we had the dollar fall hard and gold finally moved past 1238 but fell back to the 1236 range by end of day. Silver moved up higher again today also. Gold should be up $20 more than where it is right now …
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15
2017
Current Thoughts 5/15/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, Gold, miners, positive, prices, silver
Something happened today with gold and silver. But just by looking at the prices you wouldn’t have seen it. The dollar fell and bounced a hair but it was the mining stocks that threw most for a loop. We had a nice pop up in metals and miners and the miners then crashed for the day and went negative even …
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11
2017
Current Thoughts 5/11/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: 2016, chart, Dollar, Gold, long
Precious Metals Gold we have over 1225 as I type and it looks like it is good to go higher. Take a look at the gold chart and compare to where we are on the dollar below. Looking good for a long. 4 lower lows on the dollar going back to December 2016. There still might be a little wiggle …
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