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European Risks Could Limit Gold’s Downside Risk

European Risks Could Limit Gold’s Downside Risk

Mike Hammer March 14, 2017 Comments Off on European Risks Could Limit Gold’s Downside Risk

While US eyes are over-focused on the value of the US dollar and the direction of Donald Trump’s combover, Europe continues to trouble international investors.  Brexit may be a virtual certainty now, but there

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GLD Holding 114- Rate Hike Coming

GLD Holding 114- Rate Hike Coming

Mike Hammer March 13, 2017 Comments Off on GLD Holding 114- Rate Hike Coming

Friday’s action in the US market showed investors are indeed still willing to pay for gold. After dropping for almost 2 straight weeks, gold found support at 114 in GLD money. Now the big

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GLD Now Testing 114

GLD Now Testing 114

Mike Hammer March 10, 2017 Comments Off on GLD Now Testing 114

As predicted in our last article, after GLD fell through 114 it proceeded down pretty directly to the next level of support, 114. The 5-day chart of GLD shows the drop was pretty straight-line.

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Why Digital Gold Won’t Ever Kill Off The Real Thing

Why Digital Gold Won’t Ever Kill Off The Real Thing

Mike Hammer March 9, 2017 Comments Off on Why Digital Gold Won’t Ever Kill Off The Real Thing

Last week Bitcoin became “just as valuable” as gold.  Or at least, that’s what Bitcoin proponents want you to believe.  Really what happened is the price of one Bitcoin equalled the price of one

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Texas Proposal Would Include the Right to Sound Money and Bitcoin in the State Constitution

Texas Proposal Would Include the Right to Sound Money and Bitcoin in the State Constitution

Mike Hammer March 8, 2017 Comments Off on Texas Proposal Would Include the Right to Sound Money and Bitcoin in the State Constitution

AUSTIN, Texas (March 7, 2017) – A joint resolution introduced in the Texas House proposes a state constitutional amendment to guarantee the right to own, hold and use any mutually agreed upon medium of

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GLD Testing 116 – Wait For It, Wait For It…

GLD Testing 116 – Wait For It, Wait For It…

Mike Hammer March 7, 2017 Comments Off on GLD Testing 116 – Wait For It, Wait For It…

There’s an old saying in the trading world. Bulls get rich, bears get rich, pigs get eaten. We’re in that situation right now in the gold sector. As you’re probably aware, gold and almost

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Arizona Challenges The Fed’s Money Monopoly

Arizona Challenges The Fed’s Money Monopoly

the Mesh Report Staff March 6, 2017 Comments Off on Arizona Challenges The Fed’s Money Monopoly

It’s Monday again (thank you Garfield). Looks like a flattish open in the gold markets. While we continue our waiting game, let’s think broadly about gold’s role in the money system. If we can

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Gold Bows Before The Fed

Gold Bows Before The Fed

Mike Hammer March 3, 2017 Comments Off on Gold Bows Before The Fed

In the light of a pending interest rate hike, gold continued its decline into Friday’s premarket trading.  Here at The Gold Enthusiast, we’re watching the GLD 116 level for signs of strength.  If 116 can’t hold,

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Sometimes I’m Jealous Of The British

Sometimes I’m Jealous Of The British

Mike Hammer March 2, 2017 Comments Off on Sometimes I’m Jealous Of The British

Most of the time The Gold Enthusiast is very happy to live in the United States.  People are generally nice and they drive on the correct side of the road.  Sometimes, though, he wonders

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Fed, Trump Put Pressure On Gold

Fed, Trump Put Pressure On Gold

Mike Hammer March 1, 2017 Comments Off on Fed, Trump Put Pressure On Gold

Seems gold can’t get a break in the US this week. At the crack of noon Monday gold started to drop. There was a reprieve Tuesday at the open, but the downward action soon

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