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Chinese Gold Demand Remains Low

Chinese Gold Demand Remains Low

Mike Hammer March 29, 2017 Comments Off on Chinese Gold Demand Remains Low

China imported just 47.9 tonnes of gold through Hong Kong in February.  That’s more than most of us can afford, but it’s down from February last year by about 8%.  So year-on-year gold imports

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Trumpcare Killed, Gold Shoots Up

Trumpcare Killed, Gold Shoots Up

Mike Hammer March 28, 2017 Comments Off on Trumpcare Killed, Gold Shoots Up

Following the defeat of the Trumpcare health reform bill, gold went nowhere but up.  Which is good for us!  As your Gold Enthusiast noted on 3/23, watching the 118 and 116 prices in GLD

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Get Ready For The Investor Stampede Back Into Gold

Get Ready For The Investor Stampede Back Into Gold

Mike Hammer March 24, 2017 Comments Off on Get Ready For The Investor Stampede Back Into Gold

The investor love affair with gold is just about to get a reboot. That’s according to Commerzbank analysts, who cited the precious metal’s revisit to the key $1,250-per-ounce level as one reason for renewed

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Gold vs Trump Healthcare

Gold vs Trump Healthcare

Mike Hammer March 23, 2017 Comments Off on Gold vs Trump Healthcare

Today the Trump healthcare bill goes up for a vote in the US Congress. How does this affect gold prices, you might well ask? Who sits around and makes up all these relationships? Well,

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Falling Gold Supplies Helping Support Prices

Falling Gold Supplies Helping Support Prices

Mike Hammer March 22, 2017 Comments Off on Falling Gold Supplies Helping Support Prices

When all the complexities, reasons, and relationships are stripped away, the fundamental basis of price is supply and demand.  If there’s a lot of something around it tends to be cheap.  If there’s not

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China Urged To Play Bigger Role In Setting Prices

China Urged To Play Bigger Role In Setting Prices

Mike Hammer March 21, 2017 Comments Off on China Urged To Play Bigger Role In Setting Prices

“Industry players and analysts” are urging China to play a larger role in setting global commodity prices.  The call is for China to open trading markets – futures in particular – to more private

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Monday Morning Quarterbacking

Monday Morning Quarterbacking

Mike Hammer March 20, 2017 Comments Off on Monday Morning Quarterbacking

We got a lot of comments on last week’s column about what gold did following the Fed’s interest rate announcement. In case you had a GREAT weekend and you’ve completely forgotten about it, the

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US Dollar Rally Over? If So, Good For Gold!

US Dollar Rally Over? If So, Good For Gold!

Mike Hammer March 17, 2017 Comments Off on US Dollar Rally Over? If So, Good For Gold!

Many analysts believe the recent rally in the US Dollar could be coming to an end.  If so, that would be great news for gold.  As we know, in the US gold prices move

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Gold Proves Resiliant In Face Of Interest Rate Rise

Gold Proves Resiliant In Face Of Interest Rate Rise

Mike Hammer March 16, 2017 Comments Off on Gold Proves Resiliant In Face Of Interest Rate Rise

The popular line is that gold prices decrease when interest rates rise. That statement is true in terms of fundamentals, but incorrect in real-life results. It’s true because gold doesn’t pay interest, so “fundamentally”

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Snowstorm, Fed – What Else Can Happen?!

Snowstorm, Fed – What Else Can Happen?!

Mike Hammer March 15, 2017 Comments Off on Snowstorm, Fed – What Else Can Happen?!

Sometimes the world conspires against you. Or at least it seems to. Winter superstorm Sandy clobbered us here in the Northeast US yesterday through last night, and is now easing up as it hopefully

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