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Will Silver’s (SLV) Recent Price Rise Be Short-Lived?

Will Silver’s (SLV) Recent Price Rise Be Short-Lived?

Mike Hammer February 20, 2020 Comments Off on Will Silver’s (SLV) Recent Price Rise Be Short-Lived?

There’s no doubt silver (SLV) has been on a tear lately, rising 5.6% in the last 5 days. This has led some followers to salivate while others wonder if the end is near. Yes, silver could climb

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Gold Prices Break Out to 5-Year Highs [Details]

Gold Prices Break Out to 5-Year Highs [Details]

Mike Hammer February 19, 2020 Comments Off on Gold Prices Break Out to 5-Year Highs [Details]

Yesterday gold snapped any thoughts of consolidation doldrums and broke out. Big time. As in, new 5-year highs. But while multi-year highs are nice, we trade in the here-and-now, and shorter-term charts are more

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The Effect of Russia’s ‘Deep Discounts’ on the Gold Market

The Effect of Russia’s ‘Deep Discounts’ on the Gold Market

Mike Hammer February 18, 2020 Comments Off on The Effect of Russia’s ‘Deep Discounts’ on the Gold Market

It must be nice to be the government, getting to set the rules and all. New reports indicate that Russia is continuing it’s years-long habit of adding gold to its central reserves and doing it at

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Why Gold Could Outperform the S&P 500 in 2020

Why Gold Could Outperform the S&P 500 in 2020

Mike Hammer February 17, 2020 Comments Off on Why Gold Could Outperform the S&P 500 in 2020

Gold will outperform the S&P 500 Index in 2020. That’s one of several projections made by CLSA in its just-released “Global Surprises 2020” report. The Hong Kong investment firm has an impressive track record

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Should Investors Be Concerned About UK Gold?

Should Investors Be Concerned About UK Gold?

Mike Hammer February 14, 2020 Comments Off on Should Investors Be Concerned About UK Gold?

A few days ago we gave you a heads-up about a change in the way the UK reports gold in their official numbers – GDP, money flows, and such. It really doesn’t seem like much of an

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Is Now the Opportune Time to Buy Silver?

Is Now the Opportune Time to Buy Silver?

Mike Hammer February 13, 2020 Comments Off on Is Now the Opportune Time to Buy Silver?

Just 9 short days ago your friendly Gold Enthusiast advised that he’s waiting for signs of an uptrend before buying into silver. Just exactly what that means might be up for debate; usually, an uptrend requires

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The Coronavirus’ Latest Victim: Chinese Jewelry

The Coronavirus’ Latest Victim: Chinese Jewelry

Mike Hammer February 12, 2020 Comments Off on The Coronavirus’ Latest Victim: Chinese Jewelry

Coronavirus claimed another victim last month: Chinese jewelry demand. With the virus outbreak coinciding with Chinese New Year – a traditional gift-giving season – jewelry demand dropped approximately 6% according to sources cited in today’s featured

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How gold helps us understand the UK’s trade flows

How gold helps us understand the UK’s trade flows

Mike Hammer February 11, 2020 Comments Off on How gold helps us understand the UK’s trade flows

Everyone knows gold is more than just a metal, it’s also a store of value. Has been since ancient times. But this raises an interesting problem for reporting trade figures: Do transactions of monetary gold count

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Consumer Credit Jumped in December

Consumer Credit Jumped in December

Mike Hammer February 10, 2020 Comments Off on Consumer Credit Jumped in December

US consumers really went on a holiday spending spree in November and December. Consumers increased their debt load in November by $14 billion – which itself came as a bit of a surprise – and then

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How Africa is Fighting To Clean Up the Gold Business

How Africa is Fighting To Clean Up the Gold Business

Mike Hammer February 7, 2020 Comments Off on How Africa is Fighting To Clean Up the Gold Business

Africa was the world’s largest gold mining region until 2007. Today the industry is mired in a mix of troubles spanning the spectrum from human rights to environmental to outright theft and violence. Recent estimates of illegal mining were in the

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