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Gold Rally Approaching Important Resistance Test
This nice little gold rally s rapidly approaching an important test. Or, depending on which chart you look at, it’s already past it. Yesterday gold vaulted above its 200-day Simple Moving Average (SMA), for
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Think Long-Term
Your friendly neighborhood Gold Enthusiast got an interesting question from a newbie to gold trading. The question was pretty simple: How much money can I make trading gold this year? Don’t you love the
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Dubai Exchange Launches Shanghai Gold Futures
In an historic first, the Dubai Gold and Commodities Exchange (DGCX) announced the launch of their Shanghai Gold Futures (DSGC) trading contracts. These are futures contracts priced in yuan which follow the price of gold trading on the Shanghai market.
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NUGT trade works again, US Attacks Syria
Precious metals bumped up overnight on the news of the US cruise missle attack on Syria. You’ve doubtless heard about this so won’t go into those details here. What’s important for these pages is
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What About Silver?
The Gold Enthusiast doesn’t talk much about silver. After all, silver is often called “gold’s poor brother.” Of course that’s not really the case. In trading and investing what matters is how much something
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UBS Reduces Gold Price Target For 2017
UBS analysts reduced their 2017 price target for gold to $1300. By way of explanation, they offered that interest rates appear to be rising, but not too much; the dollar appears to be staying
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Gold Rises On Geopolitical Worries – Again
I really wanted to title this short article “Geopolitical Worries – SING ALONG!!!” …but just couldn’t wrangle any more words into it like gold, our theme for 2017, I told you so, etc. So
Read More »Russian Economists Think Gold Is “Undervalued”
Another 200+ tonnes? Today’s featured article reveals why Russian central banks are expected to accumulate another 200+ tonnes of gold in 2017, despite relatively little buying in the first few months of the year.
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The 9-10 Strategy For NUGT
Your friendly Gold Enthusiast was chatting with a friend this week about a little pattern on the NUGT chart. Here’s the chart: You can see that over the last few weeks, NUGT has repeatedly
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Next up: Frexit!
Hot on the heels of Brexit is the French version, appropriately called – wait for it – Frexit! Can’t imagine what they’re gonna name Italy’s vote if that ever happens. For our purposes, the
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