Current Thoughts for 2/3/2016

Doug, the dollar fell hard today. Is the bottom in for gold?

Answer; No. The dollar is still in an uptrend.

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Doug, Is there fear in the markets overall?

Answer; Let’s take a look at the VIX which still shows signs of fear but not enough to worry about yet.

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Doug, another indicator you have is the 10 Year Treasury. What does it tell us?

Answer; It tells us rates are falling. I think rates have even further to fall.  It fits right in with my deflationary scenario perfectly.

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Money velocity still non-existent.

Stock market moved higher today why? Because of speculation of an OPEC meeting? Didn’t it just do this about a week ago?

The data we have seen come out has been horrendous and the stock market moves up. What we saw was a technical bounce off of the 16,000 resistance level on the DOW coupled with a bounce in oil. Nothing more.

What we saw was gold move up with a dollar fall. Nothing more.

Nothing has changed with my prognosis and the data doesn’t lie.

We’ll see what tomorrow brings.


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About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534


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