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Market News: Tentative Signs of Life in Gold

Market News: Tentative Signs of Life in Gold

Mike Hammer October 15, 2018 Comments Off on Market News: Tentative Signs of Life in Gold

With last weeks’ stock market decline, Brexit and Italian worries, and the general sense of rising unease, gold has finally caught a bid. Or has it? Yes, this morning finds gold above 1220 in

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Gold Prices: A Good Reminder for Traders

Gold Prices: A Good Reminder for Traders

Mike Hammer October 12, 2018 Comments Off on Gold Prices: A Good Reminder for Traders

US markets had a terrible mid-week, with the Dow losing over 1300 points in just 2 days. International markets have also had a rough time, on top of a rough time – check out this daily

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Market News: Will Dow Jones Plunge Pop Gold?

Market News: Will Dow Jones Plunge Pop Gold?

Mike Hammer October 11, 2018 Comments Off on Market News: Will Dow Jones Plunge Pop Gold?

By now you know the Dow dropped 800+ points yesterday as investors woke up to the reality of rising interest rates. One might say an 800-point drop in one day is overreacting, and it might be. 

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Market News: Metals-Backed Cybercoin Halts Sales

Market News: Metals-Backed Cybercoin Halts Sales

Mike Hammer October 10, 2018 Comments Off on Market News: Metals-Backed Cybercoin Halts Sales

Last year, several new cryptocoins emerged on the scene promising to right a major fault with the cryptos: the sense that they aren’t backed by anything.  Other than the good looks and dashing charm of their

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Market News: Did China Link The Yuan to Gold?

Market News: Did China Link The Yuan to Gold?

Mike Hammer October 9, 2018 Comments Off on Market News: Did China Link The Yuan to Gold?

We’ve talked many times about the ongoing China-US economic clash, and how many expect China to eventually link their yuan (CNY) to gold. There are signs that this may be happening now.  The South China Morning Post

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International Gold: China Lowers the Reserve Requirement

International Gold: China Lowers the Reserve Requirement

Mike Hammer October 8, 2018 Comments Off on International Gold: China Lowers the Reserve Requirement

This weekend China lowered the reserve ratio requirement for “some” banks, causing gold to go into a tailspin. It’s a bit of a complicated logic trail. But, let’s try to understand it. When a

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Gold News: Eric Sprott Sounds Off

Gold News: Eric Sprott Sounds Off

Mike Hammer October 5, 2018 Comments Off on Gold News: Eric Sprott Sounds Off

Eric Sprott is a Canadian gold investor, according to popular descriptions. Yet Mr. Sprott is more than that. He’s also a walking history book for the precious metals sector.  His company, Sprott Inc, manages

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Gold News: India Expecting High Sales

Gold News: India Expecting High Sales

Mike Hammer October 4, 2018 Comments Off on Gold News: India Expecting High Sales

Heading into Diwali and the marriage season, initial projections from India suggest higher gold sales.  And not only for the traditional gifting reasons. A higher rupee (due to the continuing currency decline) and the lack of performance

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Gold News: This Country’s Fears Are Boosting the Precious Metal

Gold News: This Country’s Fears Are Boosting the Precious Metal

Mike Hammer October 3, 2018 Comments Off on Gold News: This Country’s Fears Are Boosting the Precious Metal

Just when everyone was ready to give up on gold – that “ancient relic” — suddenly rebounded back above 1,200.  That’s right, gold popped back above $1200 USD per oz in early New York

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Gold News: 3 Under-the-Radar Places That Profited

Gold News: 3 Under-the-Radar Places That Profited

Mike Hammer October 2, 2018 Comments Off on Gold News: 3 Under-the-Radar Places That Profited

In today’s gold news, it seems China and India aren’t the only countries who are going for it these days

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