Mar
2
2016

Current Thoughts for 3/2/2016

By: Doug Eberhardt Category: Current Thoughts on Gold and Silver

For those who may not be aware, I have temporarily suspended my ETF Leveraged Trading Service to work on finishing not just the Illusions of Wealth book but also We the Serfs! book which is a political book I have been working on for 10 years.

I had some nice comments after making the announcement which you can read below (I removed names). I let everyone know I will be back once the books are finished, as soon as humanly possible. I now have at least 8 more hours a day to work on them.

Some comments from subscribers (most who have not even given a review yet, lol). Looks like I will be able to pick up where I left off without a problem. Thank you for the nice comments subscribers and I’ll be back soon enough.

Subscriber A

will be cancelling too. Let us know , once you are up and running again. Thanks for all the valuable info Doug.

Subscriber B

Just clone yourself, Doug. Thanks for all you’ve done already and I look forward to your return to the ETF service.

Subscriber C

Doug your the greatest good luck and looking forward to the new book
Subscriber D
I’m not cancelling, I don’t want a refund, I want your guidance.

Subscriber E

Looking forward to the book, waiting for your return. Hopefully by then i will have a review for this amazing service.

Subscriber F

good luck Doug, looking forward to your return and the books. thanks
Subscriber G
Doug,
It has been a wonderful journey so far and I enjoyed reading everyone of your publishing (SA articles, comments, current thoughts). Truth to be told, I’m upset hearing that you are suspending the service, but I know you are doing this for a good reason and I cannot wait for the subscription service to resume. I’ll be one of the first people to jump in when you resume the service. That said, I wish you the best luck in completing the books (looking forward very eagerly for that too).
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My reviews on Seeking Alpha were also good, averaging 5 stars. http://seekingalpha.com/author/doug-eberhardt/research/reviews
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As the stock markets move higher, which I have been more bullish than not since Thursday of last week, depending on what oil is doing from moment to moment, we should move higher. You can follow gold’s assumed path lower for now with the decline in the VIX. Gold just needs to wake up to it and it can come crashing down. Naturally this won’t last buy you are already seeing issues with silver overall as it can’t come even close to the $16 mark which it was nearing Feb. 11th. Silver is telling us the truth about the metals market. Gold presently is $1,240.
It does seem that the bulls still have the bears by the paws, dragging them higher but winter’s almost over and I think the bear will awake soon enough.
The dollar is still above 98 and we have the implosion of Europe on deck. After that the implosion of China and Japan. It’s just a matter of time. This will be temporarily dollar and U.S. treasury bullish and gold should get hit hard like it did in 2008. But gold will rise from the ashes before every other asset. That’s the game plan. Put on your helmets and let’s get ready for the deflationary contraction to come.

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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

Disclosure:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.

All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.