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The Mesh Report - 120/124 - The Gold Enthusiast

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UK Investors Want Gold!

UK Investors Want Gold!

Mike Hammer December 13, 2016 0

Like what we’re seeing in India and China, UK’ers apparently want some golden security. Firms selling and storing physical gold are seeing rather dramatic increases in demand, such as BullionVault in Great Britain. The

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Gold Eyes Fed Meeting; China Premium Continues

Gold Eyes Fed Meeting; China Premium Continues

Mike Hammer December 12, 2016 0

All eyes on Wall Street are watching for the Federal Reserve meeting this week. The two-day yawn fest happens Tuesday and Wednesday. Consensus, and pre-meeting talk among the members, looks for a 0.25% increase

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Gold Subdued Looking Into Fed Rate Hike

Gold Subdued Looking Into Fed Rate Hike

Mike Hammer December 9, 2016 0

US gold traders appear to be hanging back in the face of an almost-certain Fed rate hike next week.  Gold prices dropped the past two weeks as investors and traders fled so-called “paper gold”

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Chinese Scrambling For Gold

Chinese Scrambling For Gold

Mike Hammer December 8, 2016 0

People all over the world are hungry for physical gold, it seems. Yesterday the Chinese sent the premium for physical gold to a new 3-year high. The Gold Enthusiast has reported on this several

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Gold vs Fed Rate Hike

Gold vs Fed Rate Hike

Mike Hammer December 7, 2016 0

Next week the Fed is expected to hike the base interest rate a quarter point. In absolute terms this is tiny, but in market terms it’s big. Before 2008 the average for this rate

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Gold Accepted Into Islamic Standard Finance

Gold Accepted Into Islamic Standard Finance

Mike Hammer December 6, 2016 0

This is a really big deal.  The the Accounting and Auditing Organization for Islamic Financial Institutions adopted Shariah-compliant rules for trading gold.  This means Islamic banks can use gold to satisfy asset requirements for

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Gold Goes The Wrong Way After Italian Referendum

Gold Goes The Wrong Way After Italian Referendum

Mike Hammer December 5, 2016 0

Sure enough, the Italian people rejected the referendum.  And like Brexit and the US presidential result, gold reacted in exact opposite to expectations.  Here is the 24 hour chart of gold prices – raw

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Shanghai-London Price Difference Hits New High

Shanghai-London Price Difference Hits New High

Mike Hammer December 2, 2016 0

A few days ago we talked about the Shanghai Gold Exchange (SGE), and how it might be a more reliable indicator of retail demand than the London or NY exchange prices.  This is because

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Look Out Below! GLD Drops Through 113

Look Out Below! GLD Drops Through 113

Mike Hammer December 1, 2016 0

Yesterday GLD dropped through the 113 support level we’ve been watching, with lots of conviction. We can look at the trading action during the day to see if it tells us anything. Here’s the

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Shanghai Gold Premium Hits Multi-Year High

Shanghai Gold Premium Hits Multi-Year High

Mike Hammer November 29, 2016 0

How appropos. Just yesterday we wrote about the Shanghai exchange, and how we should keep an eye on the difference between prices there vs the world gold price. This difference is called the premium,

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