Silver has been beaten down quite a bit and is due for at least a short term bounce. It was trading in the 14.40’s and now is 14.49 and starting a leg up for now. Silver is leading gold at present. I still consider this a trade only because when the market does finally get going south, it can take …
Read MoreJul
24
2018
Is The National Debt Irrelevant And Gold A Barbarous Relic?
By: Doug Eberhardt
Category: Gold
Tags: Carmen Reinhart, central banks, congress, crash, Credit Contraction, Deflation, Dollar, end game, fed, Gold, Interest rates, national debt, negative interest rates, October, QE, QT
Synopsis Presidents campaign on promises to reduce an out of control national debt yet the debt keeps marching higher during every Presidents term. The National Debt has been irrelevant since the times of even before Reagan but escalated with Reagan. Why doesn’t the national debt matter? What will Fed interest rate policy be moving forward? Some mock gold as a …
Read MoreDec
2
2015
Deflation Will Drive The Price Of Gold Lower
By: Doug Eberhardt
Category: Gold
Tags: article, Buy Gold and Silver Safely, Credit Contraction, Deflation, Gold, Seeking Alpha
In my October 29th article What Will Gold And The Dollar Do Next? explaining what I see next for precious metals I said the dollar will move past 100 to 120 and that gold will fall below $1,000 an ounce during this move. The dollar was just over 97 on the index and has moved to a high of 100.09 …
Read MoreMar
12
2014
We Are Not Off to the Races Yet With Gold
By: Doug Eberhardt
Category: Gold
Tags: Bank of Japan, Banks, Credit Contraction, Deflation, Dollar, Draghi, ECB, EURO, fed, fiscal stimulus, Future, Gold, Inflation, Interest rates, price, shadow banking, Shinzo, silver, Treasuries, YEN
Gold has had a nice bounce now off the bottom set in December of 2013, but are we off to the races just yet? Here is what I wrote last month where I concluded “we could go higher from here for a bit to trap more of the bulls who say the bottom is in.” We should start to see …
Read MoreJul
11
2012
The Gold Price Is Doing Better Than You Think
By: Doug Eberhardt
Category: Gold
Tags: banking crisis, Credit Contraction, debt, Deflation, DJIA, Dollar, EURO, Fed & Congress, Federal Reserve, Gold, gold predictions, gold price, Inflation, Obama, Romney, U.S. Treasuries, Wars
I begin today’s analysis on the gold markets with a chart that I created trying to connect what I believe to be the important issues facing the price of gold the last 32 years. Anyone who tries to predict the future price of gold needs to understand that all of these issues are all related. From analyzing this chart, you …
Read MoreJun
3
2011
Increase In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance
By: Doug Eberhardt
Category: Gold
Tags: bank failures, bank of america, Bank sub-investment grade derivatives, Credit Contraction, Deflation, FASB, FDIC, Federal Reserve, foreclosure, Gold, J.P. Morgan, mark to market, occ, TARP, too big to fail
The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at …
Read More0Oct
7
2010
Jul
16
2010
Is the U.S. Following in Japan’s Deflationary Footsteps? Part 2
By: Doug Eberhardt
Category: Gold
Tags: Credit Contraction, Debt to GDP, Deflation, Gold, Interest rates, Japan Deflation, U.S. economy
In Part 2, I will address the 5, 10 and 30 year yields of the Japanese Government Bonds (JGB) and U.S. Dollar T-Bonds first and speak to the likeliness the U.S. will follow the Japan example of increasing Debt as a percentage of GDP to fight the deflationary credit contraction occurring. I’ll then correlate the four areas discussed in Part 1 and Part 2 with contemplations on how gold priced in U.S. Dollars will perform moving forward.
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