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The Mesh Report - 11/23 - The Gold Enthusiast

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Gold Miners Get Hammered – Buying Time?

Gold Miners Get Hammered – Buying Time?

Mike Hammer April 26, 2017 Comments Off on Gold Miners Get Hammered – Buying Time?

Hot on the heels of the French primary election, and Donald Trump saying happy things to business, traders dumped gold to go looking for the next home run stock. Traders dumped gold, and they

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Will India’s Tax Changes Affect Gold Demand?

Will India’s Tax Changes Affect Gold Demand?

Mike Hammer April 25, 2017 Comments Off on Will India’s Tax Changes Affect Gold Demand?

India is still working on reforms to their internal economic system.  One of the key components is simplification of the multitude of taxes Indians pay at local, state, and federal levels by sweeping many

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French Elections Drop Gold

French Elections Drop Gold

Mike Hammer April 24, 2017 Comments Off on French Elections Drop Gold

Gold prices fell following the results of the French presidential primary results.  Centrist Emmanuel Macron and conservative Marine Le Pen took the day ahead of 9 other candidates, and will battle it out for

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Russia Adds 25 Metric Tonnes Of Gold To Their Stash

Russia Adds 25 Metric Tonnes Of Gold To Their Stash

Mike Hammer April 21, 2017 Comments Off on Russia Adds 25 Metric Tonnes Of Gold To Their Stash

Been waiting for this news, now it’s confirmed.  Russia added 25 metric tonnes of gold to their official reserves in March.  This tells us 2 important things.  One, Russia still believes gold is underpriced

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Direxion Suspends Creation Of New JNUG Shares

Direxion Suspends Creation Of New JNUG Shares

Mike Hammer April 20, 2017 Comments Off on Direxion Suspends Creation Of New JNUG Shares

ETF powerhouse Direxion announced late last week that they won’t be creating any new shares of their JNUG ETF. JNUG is a leveraged ETF that tracks changes in the junior gold mining sector, mostly

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Geopolitical Events No Longer Main Drivers Of Gold Prices – Really?

Geopolitical Events No Longer Main Drivers Of Gold Prices – Really?

Mike Hammer April 19, 2017 Comments Off on Geopolitical Events No Longer Main Drivers Of Gold Prices – Really?

Hot on the heels of yesterday’s rant, the contrary view appears.  Coincidence?  Probably.  To those who haven’t lived through several ups and downs, the middle of cycles always look like “it’s different this time.”

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Thoughts about Geopolitical Uncertainty

Thoughts about Geopolitical Uncertainty

Mike Hammer April 18, 2017 Comments Off on Thoughts about Geopolitical Uncertainty

With tongue firmly in cheek, your friendly neighborhood Gold Enthusiast offers the following observations. It’s been a busy couple of weeks on the international scene. First (by your Gold Enthusiast’s remembering) was news from

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Gold Closes In On $1300

Gold Closes In On $1300

Mike Hammer April 13, 2017 Comments Off on Gold Closes In On $1300

The rally in gold continues.  Donald Trump opened his mouth again yesterday – surprise – and said bearish things about the dollar.  That’s a bit unexpected, and kinda contrary to his campaign rhetoric.  In

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Gold Rally Approaching Important Resistance Test

Gold Rally Approaching Important Resistance Test

Mike Hammer April 12, 2017 Comments Off on Gold Rally Approaching Important Resistance Test

This nice little gold rally s rapidly approaching an important test. Or, depending on which chart you look at, it’s already past it. Yesterday gold vaulted above its 200-day Simple Moving Average (SMA), for

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Think Long-Term

Think Long-Term

Mike Hammer April 11, 2017 Comments Off on Think Long-Term

Your friendly neighborhood Gold Enthusiast got an interesting question from a newbie to gold trading. The question was pretty simple: How much money can I make trading gold this year? Don’t you love the

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