We got a pullback in silver that I thought might be coming in my last post. I wrote Aug 20, 2024 the following: If we do get a pullback in the price of gold and silver, it will be short lived. The Federal Reserve can’t win the battle on inflation unless they raise interest rates so look for an initial …
Read MoreMay
29
2018
The beginning of the month I wrote an article called Gold Bottom? Gold Bottom? – Current Thoughts for 5/1/2018 I wrote in that article; “we may still have one smaller move below $1,300 to possibly $1,280.” We got down to a closing low of 1288.30 on 5/18 and an intraday low of 1282.27 on 5/21. There should be no …
Read MoreJun
15
2016
Gold One More Leg Higher and the Case for A Last Leg Lower
By: Doug Eberhardt
Category: Gold
Tags: Brexit, China, debt, dollar index, EURO, fed, GDP, Interest rates
As predicted in my Current Thoughts, the Fed did not raise interest rates and Yellen once again has egg on her face from last December where the Fed was scheduled to have 3 or 4 more rate increases for 2016. Now there may be zero rate increases if what I foresee occurring in the economy takes place. What this means …
Read MoreMar
29
2016
The Dollar and Gold Inverse Relationship Still Matters – For Now
By: Doug Eberhardt
Category: Gold
Tags: $1, 300, Bonds, Dollar, EURO, fed, Gold, Interest rates, resistance, silver, TLT, YEN
From my Current Thoughts on 3/24 I put up a chart of the dollar and said: “Today was a consolidation day before the next move, which can still go either way.” We have seen the dollar since fall and gold take off higher with today’s move a significant one. Yes, for now, the dollar still matters. We have to let …
Read MoreMar
14
2016
Gold: Where To From Here?
By: Doug Eberhardt
Category: Gold
Tags: Currencies, Dollar, ECB, EURO, europe, GDP, Gold, Japan, Mario Draghi, Shinzo Abe, Trump, YEN
Gold fell $23 today to $1,235.90 after hitting a low of $1,230.10 and silver after opening up stronger, gave up all of its gains and fell from high to low 50 cents, finishing the day off at $15.37. Can you guess this is Fed week again? Oil started off the day down and then fell hard taking the stock market …
Read MoreJun
30
2015
Gold and silver started the day lower, tried to make a run higher and ended up back to the lows of the day. I want to remind gold bulls what stage we are in with gold. Richard Russell sums it up best (and I mentioned this in my book, Buy Gold and Silver Safely. I believe gold is in a …
Read MoreMar
17
2015
Data is Dead; All Hail the Fed!
By: Doug Eberhardt
Category: Gold
Tags: buy, Canadian Dollar, data, Dollar, economic, ETF, EURO, fed, Federal Reserve, Gold, Interest rates, mining stocks, Pound, silver, trading, YEN
What Does this Data Tell Us? Does the Market Care? All the market cares about is what a few words from the Fed meeting say tomorrow, not what the data tells us. That’s what we’ll find out tomorrow with the results of a two day Fed meeting culminating in an announcement about the future of interest rates. Traders and markets …
Read MoreJan
9
2015
2015 Predictions for Gold and Silver
By: Doug Eberhardt
Category: Gold
Tags: 2015, austrian, central banks, contraction, credit, dealer, Deflation, Dollar, EURO, fed, Gold, Hyperinflation, Inflation, lewrockwell.com, M2, Predictions, silver, Stocks, YEN
Over the last few years I have been one of the few who sell gold and silver that have been dollar bullish as well as being in the deflation rather than inflation camp. Because of this viewpoint, I have been ingnored by some of the Austrian websites like LewRockwell.com because of their mantra for a dollar collapse and adherence to …
Read MoreNov
18
2014
Is Deflation Still a Threat to Gold?
By: Doug Eberhardt
Category: Gold
Tags: 10 year, commodities, Deflation, Dollar, EURO, europe, fed, Gold, Japan, M2, money velocity, PPI, prices, Stock Market, Treasuries, YEN
When you talk to investors as to why they buy gold, many look to the precious metal as being a hedge against inflation. But since 2011 we have been experiencing deflation and the yellow metal has felt the affect of an overall declining commodity market. Many that have been relentlessly bullish on gold since 2011 point to inflation in the …
Read MoreJul
31
2014
When trying to advise clients on what to do with their hard earned dollars, especially when I have a natural bias towards gold that is bullish, I look at many indicators that hopefully give me insight on timing the markets. It’s not easy to say “hold off” to clients or to “dollar cost average into a position” but I have …
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