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US Prosecutors Investigate JP Morgan for Fraudulent Precious Metals Trades
Your friendly Gold Enthusiast has long maintained that trading practices in precious metals amounts to manipulation. Finally, market overseers are getting the message. Several prominent firms are now facing charges and accusations that go
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Fed Rate Cut Sparks Muted Silver Response
As expected the Federal Reserve cut their benchmark banking rate by 0.25%. But a lack of direction about future Fed activities (read: rate cuts) gave investors the jitters, and the US stock markets fell, to
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How Will Gold React to the Federal Reserve?
Now that we have that out of the way let’s talk. Your friendly Gold Enthusiast has not been a fan of the timing of interest rate changes by the Fed. In his opinion, the Fed raised
Read More »Silver vs Gold: Which Is the Better Buy?
The weekend attacks on Saudi oil facilities bumped gold up by more than 1% in Monday trading
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Saudi Oil Attack Lifts the Price of Gold
Over the weekend, a coordinated attack on Saudi oil refineries shut down 50% of the country’s oil production capacity. The net result is a drop of about 5% in world oil supply, enough to lift
Read More »How the Hong Kong Protests Are Affecting Gold
It’s been quite a week in the gold markets. First, gold had to fend off a bigger drop and stabilize around the 1500 USD level – which it has. Then there was all the commotion about
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Silver Price Boosted by ECB Rate Cut
The European Central Bank cut its base interest rate today to -0.5% from -0.4%. While this move is supposed to be a stimulus for the economy, analysts disagree on the effect of lowering already-negative yields
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What’s Next For Gold?
Gold steadied on international markets overnight. Now that gold is under the psychological 1500 USD level in the United States, it will take some doing to get it moving higher. Investor actions indicate that the
Read More »Will Silver Prices Keep Sliding?
Silver’s impressive run-up came to a halt last Thursday when some good news about the US-China trade war hit the Twitterverse
Read More »Is Gold In for a Bumpy Ride?
Gold fell back last week after hitting a high closing price of 1552 on the London exchange. GLD, the unleveraged US ETF, maxed out at 146.82 last Weds (Sept 4th) before the retreat. While some
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