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. …
Read MoreSep
2
2014
I have added a Current Thoughts section to the Home Page to help investors with short, medium and long term forecasts. I will be using the ETFs symbol GLD and SLV as my proxy for physical gold and silver. By using these ETFs as a proxy for gold and silver I am by no means recommending an investment in them. don’t …
Read MoreJan
14
2014
Will Gold Fall Below the 1980 Peak of $850?
By: Doug Eberhardt
Category: Gold
Tags: $850, AAPL, bullish, GLD, Gold, hedge fund, high, HLF, hunt brothers, low, managers, manipulation, market makers, NFLX, price, professional, trader
When seeing what Market Makers and Hedge Fund Managers can do with stocks as they have with Apple (AAPL), Netflix (NFLX) and Herbalife (HLF), could we also see the Professionals push gold lower to break the 1980 high of $850 and hear the financial media declare the gold bug dead? How would the pro gold crowd react to such a move? Is this scenario out …
Read MoreDec
21
2013
Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon
By: Doug Eberhardt
Category: Gold
Tags: 2014 predictions, budget, Capital Gain, congress, deficit, GDP growth, GLD, Gold, Illusions of Wealth, national debt, new lows, sell gold, sell silver, silver, SLV, Taper, tax loss selling, Taxes, We the Serfs
We have seen the perfect storm come down on gold and silver this past week with the Fed taper, Congress agreement on the budget for two years and higher than expected GDP, but there is another reason why gold and silver prices are falling. This stems from the year-end tax moves that the big players in the precious metals market; Hedge …
Read MoreDec
11
2012
Thoughts On Gold Price Manipulation
By: Doug Eberhardt
Category: Gold
Tags: clock, debt, dimon, Federal Reserve, GLD, Gold, J.P. Morgan Chase, manipulation, price, S&P 500, silver, Stock Market
Something doesn’t add up. On the one hand we have sales of gold American Eagle coins soaring as well as inflows into the 14 U.S. listed precious-metal ETFs like GLD, rising by more than $282 million last week. Yet from the graph below we see the price of gold in the last month and year time-frame has actually turned …
Read MoreNov
15
2012
In Part 1 of Turning Paper Into Gold I wrote about the flaws of some ETFs like GLD that are really a proxy to gold, but not actually ownership of gold. In other words, it’s paper gold. The real question that Part 1 asks is, do you trust the ETF to redeem your shares when the prospectus is so full …
Read MoreNov
14
2012
Turning Paper Into Gold Part 1
By: Doug Eberhardt
Category: Gold
Tags: Banks, derivatives, ETF, GLD, Gold, insured, J.P. Morgan, prospectus, silver, SLV
I have seen many more investors coming to us, saying they are selling their gold (GLD) and silver (SLV) ETFs and wanting to buy physical gold and silver. What would be there reasoning to do so? One reason is that gold and silver ETFs should be viewed as trading vehicles and not counted as real wealth ownership. Here is what …
Read MoreApr
16
2012
Is The Gold Community A Cult?
By: Doug Eberhardt
Category: Gold
Tags: banking crisis, debt, Diversification, dollar collapse, election, ETF, Federal Reserve, GLD, Gold, gold cult, government, HSBC, Inflation, J.P. Mogran, Obama, Romney, SLV, sub-investment derivatives
I recently was involved in a discussion centered around the gold community and their constant talk of manipulation and price suppression. There are some of us in the gold community who understand gold’s place in a diversified portfolio (insurance), have been recommending dollar cost averaging into a position for their clients rather than “all in” like most others who fear …
Read MoreJan
8
2011
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24
2010
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