The following is from the Illusions of Wealth subscription service I run. It is tonight’s analysis and gives you some insight as to where gold is going presently. Presently we are offering a 1 month free trial to check it out. Today’s Trades and Current Positions (highlighted in yellow): Good day all around today. Special note that the two new …
Read MoreNov
27
2017
U.S. Mint 130% Premium Ripoff on Bullion Silver Eagle Coins Ignored By Wall Street Journal Article
By: Doug Eberhardt
Category: Gold
Tags: 1.5 ounce, 1/3 ounce, 1964, American Eagle, CD, coins, debt, Gold, Grizzly Bear, Proof, quarter, ripoff, Rothfeld, silver, u.s. mint, Wall Street Journal
I was interviewed the last couple months by an investigative reporter, Michael Rothfeld (see dates below), from the Wall Street Journal. His interest with me was my knowledge regarding the proof gold and silver coins investors put in an IRA. He said he happened to run across an old article I had written for Seeking Alpha in 2013 called; The Problem …
Read MoreOct
18
2017
Harry Dent is out again with his predictions of gold moving lower, this time to $700 in 2018. In his most recent presentation, however, he verbally said that gold will fall to $400 and his slide show showed a graphic depicting a price of $250. His graphic throughout the entire presentation, shown below, shows him calling for $700, but most …
Read MoreOct
11
2017
Have You Bought Proof Gold or Silver Coins; Need Your Help for Wall St. Journal Article
By: Doug Eberhardt
Category: Gold
I am being interviewed for a Wall St. Journal article and would like to know if anyone reading this has been sold Proof Gold or Silver Eagle coins for an IRA or otherwise. Specifically, I need to know the following; Date bought. Price paid. Spot price of gold or silver if you have it. Still holding? What price did you …
Read MoreOct
4
2017
Gold Held Down By Central Bank Intervention?
By: Doug Eberhardt
Category: Gold
Tags: Central Bank, CNBC, crash, Exter's Pyramid, intervention, Liesman
We have seen a bounce in gold somewhat, but it is finding resistance at 1280 and will again at 1300. But this leg up, even if we have one more shake out of weak hands down to 1240/1250, is going to 1400+. If you have been following me awhile, you know a few things. One, there is no reason to …
Read MoreSep
11
2017
National Debt Surpasses $20 Trillion and Gold Falls
By: Doug Eberhardt
Category: Gold
Tags: $20 Trillion, budget, Bush, federal, Gold, government, Illusions of Wealth, national debt, Obama, record, S&P, spending, Trump
Something doesn’t quite seem right, does it? The S&P rises to a record high and at the same time the National Debt surpasses $20 Trillion and gold falls from $1,339.30 to $1,325.60. What does CNBC say about the National Debt milestone? Nothing. It’s as if debts and deficits don’t matter to Wall St. Party on! Special shout out to the …
Read MoreAug
30
2017
Can You Do Better Trading In And Out Of ETFs Like JNUG? Anyone who has been holding JNUG since my last article on July 19th is up 7.8% at the closing price of $18.98 on Friday, August 25th. If you follow my comments here on Seeking Alpha, you can see how I trade in and out of various ETFs like …
Read MoreJun
25
2017
Is Gold Ready To Break $1,300? How About $1,400?
By: Doug Eberhardt
Category: Gold
Tags: 1300, 1400, contraction, credit, deflationary, fed, Gold, higher, metals, miners, trap, USD/JPY
I had been writing in the last couple weeks that we would be turning the corner higher in metals after the Fed and for this week we did move higher in metals and miners. This should continue but there are still some bumps in the rode unless we get gold over 1260 and silver over 16.80 and preferably 17. We …
Read MoreJun
13
2017
Is Gold Set To Lift Off Post Fed And Is The Fed Preparing For A Recession?
By: Doug Eberhardt
Category: Gold
Summary The Fed set to raise rates .25 is a given. Could there be a surprise? What gives anyone any confidence in the Fed or Trump’s policies? Is the Fed raising rates only to have more power to combat a recession? Gold demand is set to increase in China and India mostly through demand for investment bars in China, signifying …
Read MoreMay
17
2017
I wanted to send tonight’s report out because it gives you insight into what’s going on in the markets, especially on a day that saw the markets fall the most since September of 2016. In last nights Current Thoughts and even on Twitter yesterday, I asked the question; “Are we setting up for that market fall?” Today we got our …
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