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NUGT Plunges – Don’t Panic!
On paper it looks like a well-orchestrated event. At the stroke of 12 noon New York City time, almost every stock in the gold sector started to drop. And kept dropping right up to
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Still More Gurus Think Gold Heading Higher
Last week we alerted you that two of the big gold followers saw higher prices for gold. Today two more come out of the closet. Our prime link today is to an interview with
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Gold Pops In London – Can It Hold?
International gold prices popped above the 1250 price in late London trading yesterday, pushing GLD to 120 briefly in US pre-market action. Here’s an intraday chart for the past 5 days, with afterhours showing
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Commerzbank, Goldman Reveal Gold Forecasts – Up!
Yesterday analysts at both Commerzbank and Goldman Sachs revealed their short-term forecasts for gold. Following the reading of the Fed minutes – which should be a yawner but everyone watches in case they’re gonna
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Alan Greenspan Believes (Again) In Gold
In a major earthquake, Alan Greenspan reversed positions on gold and the so-called gold standard. Again. For those who weren’t around in the early 1980’s, Alan Greenspan was a proponent of gold before he
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Gold Settling – Wait For It, Wait For It…
What can we make of gold’s latest action? It seemed we had a good run for a while there, and now it seems like gold is in a funk. Well, this is normal in
Read More »Can We Follow The Gold?
Physical gold transfer info hit the news this morning. Turns out London shipped out the third-largest ever amount of gold in December 2015 – yes, over a year ago, but it takes a while
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It’s All About The Demand, Dummy
Today we paraphrase a saying made famous by one of history’s great economists, George H. W. Bush. Well OK, maybe he wasn’t an economist in the traditional sense. And he didn’t originate the phrase
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“Hidden” Demand Will Be Key To Gold In 2017
Two things fuel conspiracy theories most: Aliens and government cover-ups. To stay sane The Gold Enthusiast avoids aliens wherever possible. (Especially in movie theatres. They just won’t stop talking.) Government cover-ups are another story.
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Was That A Top In Gold?
You may have noticed gold was on an upswing lately. (haha) Starting Dec 23rd gold began a fairly steady climb, from the GLD 108 level up to 116 before taking any meaningful break. Then,
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