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Market News: US Takes Action on Venezuelan Gold

Market News: US Takes Action on Venezuelan Gold

Mike Hammer March 22, 2019 Comments Off on Market News: US Takes Action on Venezuelan Gold

The story of Venezuelan gold continues, though one gets the sense it is coming toward the end.  This week, the United States placed sanctions on Minerven, a gold processing company, and its president Adrian Perdomo.

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How The Federal Reserve’s Gloom Affected Silver

How The Federal Reserve’s Gloom Affected Silver

Mike Hammer March 21, 2019 Comments Off on How The Federal Reserve’s Gloom Affected Silver

The Federal Reserve‘s announcement yesterday left most pundits scratching their heads.  While the Fed left interest rates unchanged (as we expected), the discussion was apparently more gloomy than anticipated. “Equity markets are wondering what the

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The Fed Meeting: How Will It Affect Gold?

The Fed Meeting: How Will It Affect Gold?

Mike Hammer March 20, 2019 Comments Off on The Fed Meeting: How Will It Affect Gold?

With the Fed on tap today, everyone wants to know where gold is likely to go.  The expectation is for the Fed to hold interest rates where they are; some strong numbers early last week probably

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Market News: Rising Investment Demand for Silver?

Market News: Rising Investment Demand for Silver?

Mike Hammer March 19, 2019 Comments Off on Market News: Rising Investment Demand for Silver?

Silver’s rally has yet to come, but the white metal is sitting on solid fundamentals right now said Bradford Cooke, CEO of Endeavour Silver. “I think we already have lifted off the bottom on both of

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How Will The Fed’s Meeting Affect the US Dollar?

How Will The Fed’s Meeting Affect the US Dollar?

Mike Hammer March 18, 2019 Comments Off on How Will The Fed’s Meeting Affect the US Dollar?

With January earnings season now firmly in the rear view mirror and March Madness upon us, what will drive the markets this week

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Gold Forecast: RBC Report Reveals High Prices

Gold Forecast: RBC Report Reveals High Prices

Mike Hammer March 15, 2019 Comments Off on Gold Forecast: RBC Report Reveals High Prices

RBC Capital Markets released a new report forecasting higher gold prices for 2019 and 2020.  Gold bulls can calm down though; RBC isn’t forecasting radically higher prices but rather “cumulative steps higher.”  Well, that just seems kinda

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Market News: This State Moved to De-Tax Silver

Market News: This State Moved to De-Tax Silver

Mike Hammer March 14, 2019 Comments Off on Market News: This State Moved to De-Tax Silver

US States continue to confront the dilemma of precious metals in modern economies.  Which is: Are they money, or not?  The latest in the growing list of states pondering this is West Virginia. Bill SB

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Gold Retakes 1300 Amid Rising Uncertainty

Gold Retakes 1300 Amid Rising Uncertainty

Mike Hammer March 13, 2019 Comments Off on Gold Retakes 1300 Amid Rising Uncertainty

As you know, gold dropped down through 1300 two weeks ago.  That gave gold bulls a mild heart attack because the story for gold rising includes a little bit about “rising.”  Not “falling.” A touch of

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Silver Price Projection: Can the Metal Keep on Going?

Silver Price Projection: Can the Metal Keep on Going?

Mike Hammer March 12, 2019 Comments Off on Silver Price Projection: Can the Metal Keep on Going?

My, what a difference a month makes. Thinking back a month, silver had a good few weeks going, rising up from a local low with good authority

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Market News: India’s Gold Imports Are Up Again

Market News: India’s Gold Imports Are Up Again

Mike Hammer March 11, 2019 Comments Off on Market News: India’s Gold Imports Are Up Again

After a year of declining sales, Indian gold imports have now posted two consecutive months of gains.  February gold intake was up 5.5% over last year, which is good news for the gold market.  In case

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