At present any pullbacks in metals should be bought as we move higher. The only thing that is standing in the way of a further breakout, or a faster move higher is the Dollar Index staying above 100 as it is up 19 cents in early Asian trading with the news of worse than expected Japanese GDP. This has lowered …
Read MoreFeb
8
2017
We had gold and silver move up to higher highs today and although the dollar started out positive, it ended the day negative. We are close to a breakdown in the dollar as we are trying to eventually get below that 99 mark for a nice run to 1300 at least. First stop though is 1250 for gold and 18 …
Read MoreFeb
7
2017
Current Thoughts 2/7/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Gold, prices, silver, support
Gold is struggling with that $1,235/$1,236 level from yesterday as even the bad jobs data couldn’t boost it to a higher mark. This dip if it comes should be bought. Dollar is still over 100 and should be heading south soon with the overall stock market. We got short the market today and short oil too. Had some really good …
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2
2017
Current Thoughts 2/2/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: coins, sales, Silver Eagle, u.s. mint
From the Trading Desk Ahead of yesterday’s FOMC decision, the precious metals were on the defensive after better-than-expected manufacturing and private sector employment data weighed on the complex. The ADP jobs figure widely beat expectations, with an increase of 246,000 jobs versus the consensus of 165,000, and the USD rallied while gold slid lower. Gold moved higher as the FOMC …
Read MoreJan
30
2017
Current Thoughts 1/30/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: correlation, Gold, national debt
Gold and silver are poised to move higher, even with a resilient dollar for now and once the dollar moves below 100 on the Index, you’ll see this come into play a bit more. But what about this national debt approaching $20 trillion? Why isn’t gold higher? We still will have one more deflationary smackdown though and for those who …
Read MoreJan
26
2017
Current Thoughts 1/26/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Chinese, demand, Dollar, moving average, Trump
From the Trading Desk After failing at $1,220 on four separate days in the last week and a half, gold gave up on pushing higher and has now traded lower for three consecutive days. Unsurprisingly, gold’s move south coincided with the USD gaining ground and with the Dow pressing above 20,000 for the first time ever. The bevy of contentious …
Read MoreJan
25
2017
Current Thoughts 1/25/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1200, 100, Dollar, Gold, index, Trump
What a difference a day makes. Gold gapped down $10 this morning, bounced higher, then fell below the $1,200 mark where it stayed most of the day. This even with the Dollar Index falling below 100. We can’t expect that to continue, so something has to give. We should know more by tomorrow. My indicators are pointing down for gold …
Read MoreJan
24
2017
Current Thoughts 1/24/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: $1, 200, Dollar, DOW, support, USD
From the Trading Desk President Trump’s inauguration finally arrived (the most highly attended US presidential inauguration in history according to some sources) and the USD sold off as the markets digested the beginning of his term. In non-volatile and fairly orderly trading conditions, gold caught bids as the dollar trended lower on inauguration day. After USD gains following the presidential …
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23
2017
Current Thoughts 1/23/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: down, ETF Trading Service, markets, profit, up
Tonight you get the market synopsis from the ETF Trading Service I run. It has a 2 week free trial for those who are interested. We profit in up or down markets following the Trading Rules. Today’s Trades Today we got a little action early and caught some good trades. JNUG and JDST wasted our time most of the day …
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19
2017
Current Thoughts 1/19/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Donald Trump, Gold, inauguration, President
With President elect Trump’s swearing in tomorrow, I expect to see his anti-dollar strength mantra continue that he started on Monday. This should send gold up to the $1,220 level and from there we’ll see what gold really has in store for us. I have been busy with interviews, writing articles and you can view those on the main blog …
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