Quantcast
The Mesh Report - The Gold Enthusiast

The Gold Enthusiast »

Long Gold Contracts Reduced By Over 23,000

Long Gold Contracts Reduced By Over 23,000

Mike Hammer May 22, 2017 Comments Off on Long Gold Contracts Reduced By Over 23,000

The latest COT report  shows large traders are cutting their bullish positions in gold.  For the third week in a row, the COT report – or Commitment Of Traders, as distinct from Traders Who

Read More »
This Week In Gold: Should Investors Hold Off On Buying?

This Week In Gold: Should Investors Hold Off On Buying?

Mike Hammer May 19, 2017 Comments Off on This Week In Gold: Should Investors Hold Off On Buying?

As we discussed on Wednesday, GLD’s critical resistance level is 120. As long as GLD remains below 120, it’s better for medium- to long-term investors to hold off on any massive gold buys. And

Read More »
Trump’s Turmoil Confirms That Gold Is Still Important

Trump’s Turmoil Confirms That Gold Is Still Important

Mike Hammer May 18, 2017 Comments Off on Trump’s Turmoil Confirms That Gold Is Still Important

One reassuring thing that’s come out of the current US political turmoil is that gold is still an important safe haven.  Yes, we live in a new world – digital age, cell phones, fast

Read More »
Gold Leaps Up Overnight Amid Trump Concerns

Gold Leaps Up Overnight Amid Trump Concerns

Mike Hammer May 17, 2017 Comments Off on Gold Leaps Up Overnight Amid Trump Concerns

Hot on the heels of the latest revelations in the Trump-blabbing-secrets story, gold popped overnight.  Right around 7:30 last night Eastern time, GLD popped up through the 118 level we’ve been watching.  This is

Read More »
How Much Gold Is Behind “Paper” ETFs?

How Much Gold Is Behind “Paper” ETFs?

Mike Hammer May 16, 2017 Comments Off on How Much Gold Is Behind “Paper” ETFs?

Many investors question if there is sufficient gold in the world to cover all the “paper” that’s been written against it.  Anyone who understands leverage and hedging realizes there definitely isn’t.  So the question

Read More »
Gold Pops On North Korea Missle Test – And The Return Of Dr Doom!

Gold Pops On North Korea Missle Test – And The Return Of Dr Doom!

Mike Hammer May 15, 2017 Comments Off on Gold Pops On North Korea Missle Test – And The Return Of Dr Doom!

North Korea had a “more successful” ballistic missile test over the weekend.  Gold prices popped on the news – as regular readers know, “increased geopolitical uncertainty” pretty much rhymes with “increased gold price.” Your

Read More »
Gold Bounces Back

Gold Bounces Back

Mike Hammer May 12, 2017 Comments Off on Gold Bounces Back

Gold made a picture-perfect technical move this week. GLD, the gold ETF we use as our trading proxy, bounced off its 116 level and appears to be headed higher. This is good news for

Read More »
Who Is The Next Great Junior Gold Miner?

Who Is The Next Great Junior Gold Miner?

the Mesh Report Staff May 11, 2017 Comments Off on Who Is The Next Great Junior Gold Miner?

If your In mailbox looks like mine, you get three or four “announcements” each week touting the latest junior gold miner. Headlines are often straight out of Marketing 101 – “Small Company Scoops The

Read More »
Gold Junior Miners In Turmoil – Why?

Gold Junior Miners In Turmoil – Why?

Mike Hammer May 10, 2017 Comments Off on Gold Junior Miners In Turmoil – Why?

You may have noticed the turmoil in gold stocks lately.  Some have sold off big, a very few are drifting up, others are just going sideways…  It seems there’s little correlation between the price

Read More »
Gold Decline Continues

Gold Decline Continues

Mike Hammer May 9, 2017 Comments Off on Gold Decline Continues

After spending a few days bouncing along it’s recent low, gold resumed it’s decline today in New York morning trading. GLD slipped below 116.75 and is below 116.30 as I write this. Now, with

Read More »