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Gold Takes A Technical Bounce

Gold Takes A Technical Bounce

Mike Hammer December 29, 2016 0

Gold continued to rise slowly Wednesday following a period in technical-oversold territory. GLD closed at 108.86 on 12/28 following a close of 107.93 Friday going into the holiday weekend. We know things don’t move

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Chinese Open Gold & Renminbi Trading

Chinese Open Gold & Renminbi Trading

Mike Hammer December 28, 2016 0

We’ve talked about the Shanghai Gold Exchange (SGE) several times, and how we expect it will help normalize gold trading around the world. In the past, the Asian markets have traded with some isolation

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Gold Strategy For After Christmas

Gold Strategy For After Christmas

Mike Hammer December 27, 2016 0

All of us here at The Gold Enthusiast hope you and yours enjoyed a wonderful holiday weekend, no matter which holiday(s) you celebrate. Personally, The Gold Enthusiast loves holidays which involve exchanging gifts, so

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Happy Holidays! Happy Hannukah! Merry Christmas!

Happy Holidays! Happy Hannukah! Merry Christmas!

Mike Hammer December 23, 2016 0

Whatever your holiday is, we wish you and your loved ones all the best! The Gold Enthusiast hopes you and yours have a most enjoyable and prosperous holiday season. The US markets looked pretty

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NUGT Giving Day Trading Signals?

NUGT Giving Day Trading Signals?

Mike Hammer December 22, 2016 0

NUGT has been trading in a tight range the past 5 days. Often this tells investors to wait for a breakout. Traders look for other signs. You see, investors operate with the mindset that

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Russia Buys 31 Tonnes of Gold – Or Is It 40?

Russia Buys 31 Tonnes of Gold – Or Is It 40?

Mike Hammer December 21, 2016 0

News agencies report that Russia added 31 tonnes of gold to their reserves in October.  Or was it 40.1 tonnes, as reported in the article below citing figures from the Central Bank of Russia? 

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India Gold Imports Fall

India Gold Imports Fall

Mike Hammer December 20, 2016 0

Reports from Calcutta overnight indicate gold imports fell 30.5% across the April-November timeframe in India.  Probable causes were the efforts of the Modi government to reign in India’s huge “underground economy” by changing 500

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Gold Confiscation In India?

Gold Confiscation In India?

Mike Hammer December 19, 2016 0

Jayant Bhandari warns “there are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal” as he discusses India’s attempts to create a cashless society (and consequences of

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Gold Seems To Firm – Time To Dive Back In?

Gold Seems To Firm – Time To Dive Back In?

Mike Hammer December 16, 2016 0

Gold plunged following the Fed’s announcement that they were not only raising interest rates, but looking at 3 rate hikes in 2017. If each of these was the usual quarter-point, that would mean a

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And Janet Said: Let Gold Drop!

And Janet Said: Let Gold Drop!

Mike Hammer December 15, 2016 0

As expected, the Fed raised interest rates yesterday. They opted for the small 0.25% rate hike on the base Fed funds rate. Traders and investors responded with another round of selling. With few buyers,

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