With banks paying very little interest these days, investors have been seeking out ways to earn more than the paltry less than 1/2 percent that banks are paying on savings. The Federal Reserve has kept interest rates artificially low, hurting those seniors and other savers who don’t trust the stock or bond market with their nest egg. But some of …
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 MoreDec
30
2013
As I pointed out in my last article, I expected continued selling of gold by the big boys; the Hedge Funds, Mutual Funds and Professional traders and they didn’t disappoint. The largest ETF; SPDR Gold Shares (GLD) saw an outflow of 12.9 metric tons last week. From Kitco; Holdings of gold by SPDR Gold Shares (GLD), the world’s largest exchange-traded …
Read MoreNov
7
2013
The results of the Fed decision came in. No taper. But the stock market sold off that day and so did gold. Why? The answer may be found in the following article posted at CNBC where they state; “but markets interpreted language in the decision to mean that the end may come sooner than expected.” If markets and price action tell …
Read MoreSep
13
2013
Calling the Fed Taper Bluff and What Gold Might Do Next
By: Doug Eberhardt
Category: Gold
Tags: CBO, debt, Dollar, EURO, fed, GDP, Gold, Interest rates, Japan, projections, tapering, velocity, YEN
The price of gold could be affected by next weeks Fed meeting as they decide whether or not to taper the Quantitative Easing purchases they have been making in their attempt to buy up the toxic assets of the banks and the treasuries that no one else will buy. Ever since the talk of tapering by Bernanke in June of …
Read MoreAug
27
2013
Being one of the few out there who sells gold and has called gold lower since September of 2011 when the dollar hit bottom, and having called a summer rally most recently in June, I turned cautious on August 12th for short term traders, expecting a bounce in the dollar. The double top for gold has turned into an extended …
Read MoreJul
23
2013
Conversation with Axel Merk on Gold and Euro at FreedomFest – Merk Funds
By: Doug Eberhardt
Category: Gold
Tags: Axel Merk, currency, Dollar, EURO, Gold, manipulation, Merk Funds
Last week I was at FreedomFest in Las Vegas and met many who are influential in the advising of what investors should do with their money. I met hedge fund manager and author Jim Rogers, Steve Forbes, editor-in-chief of business magazine Forbes, John Stossel and Sentator Rand Paul. I gave each of them the currency I created called the Barackazillion, …
Read MoreJul
22
2013
I am spending the next month in seclusion except for gold and silver business, and writing my next book, “Illusions of Wealth” which the timing for couldn’t be better. I will still post articles now and then relevant to the gold and silver markets, but only when I feel necessary to comment. One who invests in gold and silver, need …
Read MoreApr
26
2013
Gold and Silver Dead Cat Bounce and More Carnage to Come or All In?
By: Doug Eberhardt
Category: Gold
Tags: candlestick, dead cat bounce, Dollar, EURO, gold shortage, high premiums, precious metals, silver shortage, YEN
Last week we saw some real carnage in the gold and silver markets. In two days, April 12 and April 15, we saw the price of gold fall over $200 and many in the financial media came out of the woodwork saying the gold bull was over. Since that time we have had a move off the low of $1,322 reached …
Read MoreApr
15
2013
Over the past year and a half, I have written many articles on investing in gold and silver, and been one of the few who have told clients continually to dollar cost average into a position during this time-frame, hoping the price goes lower so they get an overall better price. I have been one of the few gold dealers who have …
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