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HSBC Believes The Gold Enthusiast!

HSBC Believes The Gold Enthusiast!

Mike Hammer January 31, 2017 Comments Off on HSBC Believes The Gold Enthusiast!

HSBC apparently reads The Gold Enthusiast! Hot on the heels of our article yesterday, HSBC came out and said basically the same thing. But with more and bigger words. This is PROOF POSITIVE that

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Gold Holds Despite Big Demand Drops

Gold Holds Despite Big Demand Drops

Mike Hammer January 30, 2017 Comments Off on Gold Holds Despite Big Demand Drops

Whether you’re an investor or a trader, one thing you look for is strength in the face of opposing news. Last week news came out that Russia didn’t add to its gold reserves in

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Gold Drops Below 20 Day Moving Average

Gold Drops Below 20 Day Moving Average

Mike Hammer January 27, 2017 Comments Off on Gold Drops Below 20 Day Moving Average

GLD, our trading proxy for gold, closed Thursday just above its 20 day moving average. In premarket trading today GLD is about 20 cents below its 20 day moving average. No, we’re not pointing

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Trump Policies Will Be Good For Gold

Trump Policies Will Be Good For Gold

Mike Hammer January 26, 2017 0

Today’s featured article asserts that Trump’s policies will ultimately favor higher gold prices.  The argument for this, according to the author, is both simple and sound in terms of basic economics.  So while gold

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Gold Backs Down From Resistance

Gold Backs Down From Resistance

Mike Hammer January 25, 2017 0

Gold is retreating from it’s test of recent highs, as investors flock to international stocks.  After hitting 116.11 On Monday, the ETF GLD got up to 116.02 on Tuesday before selling kicked in, ending the day at

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Gold Up Against Resistance

Gold Up Against Resistance

Mike Hammer January 24, 2017 0

Raw gold briefly hit $1219 (US Dollars) during trading yesterday.  This corresponds to 116 in GLD, our trading ETF equivalent.  We won’t add a resistance line at 116 but you can see how yesterday’s

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Russia Doesn’t Buy Gold – Is That A Problem?

Russia Doesn’t Buy Gold – Is That A Problem?

Mike Hammer January 23, 2017 0

For the first time in – well, practically forever – Russia didn’t add any gold to their reported central holdings in December. You probably recall The Gold Enthusiast reporting that Russia set records in

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Trump vs Gold: Who Will Win?

Trump vs Gold: Who Will Win?

Mike Hammer January 20, 2017 0

Today is the day Donald J. Trump will be sworn in as the 45th President of the United States. Some plan to protest against this fact. But, as protesting against facts seldom gives the

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Gold Retreats When Janet Yellen Speaks

Gold Retreats When Janet Yellen Speaks

Mike Hammer January 19, 2017 0

Gold backed away from its recent highs when Janet Yellen resumed her hawkish stance yesterday.  Queen Janet has been quiet since the new year, doubtless watching the money markets for reactions to the December

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Trump Remarks To WSJ Cut Dollar, Boost Gold

Trump Remarks To WSJ Cut Dollar, Boost Gold

Mike Hammer January 18, 2017 0

In two days the USA inaugurates a new and contentious President.  This Friday Donald J. Trump becomes the 45th President of the United States.  And not without controversy, as you may be aware.  While there is a

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