If you wanted to destroy the currency of a nation, there is no better way to do it than collectively have other nations band together and create their own monetary system and shun the dollar. That’s exactly what BRICS, an acronym for Brazil, Russia, India, China and South Africa are doing. But it doesn’t stop there. Argentina, Egypt, Ethiopia, Iran, …
Read MoreSep
19
2019
What’s not to like about the current stock market? Some food for thought for readers as you be the judge on whether taking profit soon is advisable. Worst case I would think an investor should use trailing stops with their current trades. I can still defend reasoning for long term investors to be somewhat cautious versus bullish at present no …
Read MoreMar
15
2017
What a day for gold and especially gold mining stocks! We can thank the incompetent Fed for this as the dollar fell hard today and precious metals shot higher. Below you will find my professional analysis of today’s events with an expectation of a bottom being in for now with gold, silver and mining stocks. But we are not out …
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 …
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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 …
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23
2015
Gold started the day down and then moved higher today and settled lower. The dollar was the key in gold’s movement and received some bad data on the economy today that gave the yellow metal a boost in the morning, but that was it. From there gold meandered the rest of the day, as without any negative news it simply …
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 MoreDec
12
2014
The Illusion of an Economic Recovery
By: Doug Eberhardt
Category: Gold
Tags: congress, Consumer Sentiment, Deflation, derivatives, Dodd, Dollar, economic recovery, Frank, GDP, Gold, illusion, manufacturing, PPI, Retail Sales, spending, u-6, Unemployment
The Fed and many economists seem to think the economy is strong, but is it? My Thoughts on the Economy Based on the Data I Read The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI …
Read MoreSep
30
2014
Just because gold has fallen in price from its highs the past 3 years doesn’t mean that it’s in a bear market. While you have read in many of my articles about the possibility of what a stronger dollar might do to gold I have also provided you with many of the indicators I follow so you can see the …
Read MoreSep
11
2014
It is easy to convince people of all the problems with the U.S. economy. We do have over $17.7 Trillion of national debt and a Federal Reserve with a suspect balance sheet compared to its pre-2008 financial crisis balance sheet. We also have budget deficits for the next decade to deal with and unfunded liabilities in the 10’s of trillions. …
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