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Gold Pauses Ahead Of Jobs Number
Following this week’s run-up, gold took a breather in overnight markets ahead of Friday’s jobs report. Traders are doubtless looking for hints on whether the recent run-up can continue. The jobs report affects confidence, which of
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Have We Seen The Low In Gold?
Technical analysts are beginning to realize this may be the time for a contrarian bullish play in gold. (Yes, The Gold Enthusiast has been one step ahead of this.) Remember the old saying that
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GLD hits technical resistance
Happy New Year! We hope this finds you healthy and in good cheer, ready for a new year of trading. Last week saw a nice pop in GLD as the market reacted to December
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NUGT Nears Swing High – Time To Sell?
The day after Christmas The Gold Enthusiast wrote that one successful trading strategy was to always have a small amount in the gold sector. When prices in the sector get very high, sell most
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Gold Takes A Technical Bounce
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
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
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!
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
Read More »NUGT Giving Day Trading Signals?
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?
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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