Today’s movement in the metals market can only be described as volatile, but if anyone who had buy orders in to buy gold or silver at prices that were lower in Asia, they wouldn’t have got executed since the price had already rose quickly off the bottoms by the time the markets opened in Europe. And by the time U.S. …
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1
2014
Gold and Silver Outlook 12-01-2014 – Morning Update
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: China, gdx, gdxj, Germany, Gold, jdst, jnug, nugt, referendum, Swiss, ugaz, Vote
Overnight we saw some serious pushing of the metals down in Asia where we saw big money taking advantage of the result of the Swiss vote telling the world how they want their central bank to operate by rejecting gold as a reserve. But this smack down was short lived as both gold and silver rebounded quickly before anyone in …
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30
2014
Gold and silver got slammed on Friday and today’s Swiss rejection of the SNB acquiring more gold has put another nail in the coffin of those bullish gold. However, with polls leading up to the vote showing the measure wouldn’t pass, some of this result has already been priced into the metal. The Swiss vote was rejected by all 19 cantons. …
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25
2014
SLV was the star today as the weekly triangle turned up. This technically is a bullish sign for silver but GLD and the miners; GDX, JNUG and GDXJ have not confirmed. Also technically JDST still is in a short term and long term green arrow up. This is rather conflicting and at best a difficult time to be 100% bullish. …
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24
2014
Gold and silver never gained any momentum today and in what looks like will be a flat week of trading with the U.S. Thanksgiving holiday; I wouldn’t look to making any major trades this week. Historically I have seen the general stock market get stronger leading up to holidays so I would expect the same between now and Thursday. There …
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23
2014
Gold climbed higher on Friday and finally broke through the $1,200 resistance level and silver climbed higher as well. The mining stocks gapped up higher but like the price of gold, didn’t really gain momentum the rest of the day. In Thursday’s report I said about UGAZ; “I’d be a buyer if it broke over $18.81 or a buyer of …
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20
2014
Mining stocks had a nice day today with gold still hovering in the $1,190’s. Silver is still trading in the low $16’s and both metals are up week over week. JNUG was up over 10%, NUGT 7% and GDX 2.71%. I would love to see JDST under $10 again where it may become real attractive. Still look at today’s highs …
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19
2014
In yesterday’s Gold and Silver Outlook I said we may experience a volatile time before the Fed meeting and we weren’t disappointed. This is what market makers love to do in shaking the short term traders out of their positions. Days when the Fed meets or releases the minutes of the meeting are best left to professional traders. Today was …
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18
2014
Gold managed to move higher again today surpassing the $1,200 resistance level but closing below at $1,197.10. Silver eked out a small gain. But it was the miners again that took the day. The miners took out yesterday’s highs, lingered then kept going higher. GDX was up 4.69%, NUGT 14.62%, JNUG up 20.04% and JDST took it on the chin …
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17
2014
Gold and silver fell a little today but have recouped some of the loss since the close. But it was the miners that took the show today with GDX, JNUG and NUGT leading the way. I had said of late that I am leaning bullish from a short term perspective and I am close to becoming more bullish on the …
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