Gold and Silver Current Thoughts 6-16-2015

We got the volatility for the stock market as we whipsawed back up pre-fed. I still lean short the market and metals, but actually think after a pullback in stocks we break to higher highs. For gold I see lower lows ahead.

But what will the Fed say or do tomorrow that can be bullish for stocks? I don’t see anything. If they talk the talk of raising rates next time out, it’s negative for stocks. If they talk the talk of raising rates it’s bullish the dollar. If they talk the talk of raising rates next time out, it’s also negative for gold.

What can the dollar tell us right now? Not much from a micro level, but I do expect it to start shooting higher.  The chart below just shows consolidation before a move.

dollar 6-16

What do treasuries tell us? You know from last week’s Current Thoughts that I thought we were topping in the 10 year and that was when we were in the low 2.40’s. We are not at 2.31, or a pretty big move for one week.

Treasuries 6-16

I’ll have more to say tomorrow where I’ll have a little egg on my face or have called it the best I can based on how I read the data. I don’t expect surprises, but I also don’t believe I am infallible. At least I give you what I see so you can make hopefully a better choice for your investing.

I’ll throw up some charts I’ll be putting in my next book. What do these charts tell you about worldwide economic activity? What do they tell you about deflation?  What do they tell you about valuation?

Baltic Dry Index and CRB Baltic Dry Index and Gold Baltic Dry Index and S&P Baltic Dry Index S&P ratio


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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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