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Gold Price News: 56-Tonne Trade Leads to Big Drop

Gold Price News: 56-Tonne Trade Leads to Big Drop

Mike Hammer June 28, 2017 Comments Off on Gold Price News: 56-Tonne Trade Leads to Big Drop

Monday morning in London saw a single trade of 56 tonnes of gold cross the market. Within seconds the market significantly dropped.  Shortly thereafter, analysts and column writers’ inboxes were filled with the expected

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EU Banking Crisis: 2 More Banks Fail [VIDEO]

EU Banking Crisis: 2 More Banks Fail [VIDEO]

Mike Hammer June 26, 2017 Comments Off on EU Banking Crisis: 2 More Banks Fail [VIDEO]

Hot on the heels of Spanish Banco Popular’s failure comes similar news out of Italy.  This time, rather than 1 big Spanish bank having cash flow problems, we have two small Italian banks failing

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EU Banking Crisis: 2 More Banks Fail [VIDEO]

EU Banking Crisis: 2 More Banks Fail [VIDEO]

Mike Hammer June 26, 2017 Comments Off on EU Banking Crisis: 2 More Banks Fail [VIDEO]

Hot on the heels of Spanish Banco Popular’s failure comes similar news out of Italy.  This time, rather than 1 big Spanish bank having cash flow problems, we have two small Italian banks failing

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How Much Gold Do People In America Have? [VIDEO]

How Much Gold Do People In America Have? [VIDEO]

Mike Hammer June 23, 2017 Comments Off on How Much Gold Do People In America Have? [VIDEO]

Gold is talked about every day in the financial news.  So you’d think a lot of people own some, right?  Well, like a lot of other good advice, it turns out that might not

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Gold Price News: When You ‘Get It Wrong’ With GLD

Gold Price News: When You ‘Get It Wrong’ With GLD

Mike Hammer June 22, 2017 Comments Off on Gold Price News: When You ‘Get It Wrong’ With GLD

Early this year, your friendly Gold Enthusiast wrote a paper for a paid service titled “Top 5 Gold Stocks Under $5”. Picking your top 5 anything these days is hard, as there are so

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Gold Price News: Examining Russia’s GLD Binge

Gold Price News: Examining Russia’s GLD Binge

Mike Hammer June 21, 2017 Comments Off on Gold Price News: Examining Russia’s GLD Binge

After adding “only” 6.2 tonnes of gold to their reserves in April, Russia went on a shopping spree in May.  Actually, binge is the appropriate word.  Let’s face it, you don’t just buy 21.8

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Gold Price News 2017: GLD Rises in London & Sinks in US

Gold Price News 2017: GLD Rises in London & Sinks in US

Mike Hammer June 20, 2017 Comments Off on Gold Price News 2017: GLD Rises in London & Sinks in US

Gold prices rose slightly in London trading today as the US dollar went flat.  The almighty dollar, if you haven’t been keeping track (such as by looking at the chart of UUP), dropped slightly then

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Gold Price News: Are Certain Events Impacting GLD?

Gold Price News: Are Certain Events Impacting GLD?

Mike Hammer June 19, 2017 Comments Off on Gold Price News: Are Certain Events Impacting GLD?

Most folks believe interest rate hikes drop the price of gold, due to investors wanting something that pays interest.  But does that belief bear out over time? The answer is a resounding NO.  Today’s

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Federal Reserve Impact On Gold Goes Grim [DETAILS]

Federal Reserve Impact On Gold Goes Grim [DETAILS]

Mike Hammer June 15, 2017 Comments Off on Federal Reserve Impact On Gold Goes Grim [DETAILS]

Janet Yellen and most members of the Fed turned hawkish Wednesday, raising interest rates and signalling another hike for 2017.  This, after nine years of “we’re not sure the economy is strong enough” while

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Demand For Gold Is Up In England, India & China (Details)

Demand For Gold Is Up In England, India & China (Details)

Mike Hammer June 14, 2017 Comments Off on Demand For Gold Is Up In England, India & China (Details)

While we wait for the Fed’s interest rate announcement this afternoon, let’s take a moment to look around.  Demand for gold is up in England following last weeks’ elections, with gold up about 2%

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