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The Mesh Report - 17/26 - The Gold Enthusiast

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GLD Testing 116 – Wait For It, Wait For It…

GLD Testing 116 – Wait For It, Wait For It…

Mike Hammer March 7, 2017 Comments Off on GLD Testing 116 – Wait For It, Wait For It…

There’s an old saying in the trading world. Bulls get rich, bears get rich, pigs get eaten. We’re in that situation right now in the gold sector. As you’re probably aware, gold and almost

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Arizona Challenges The Fed’s Money Monopoly

Arizona Challenges The Fed’s Money Monopoly

the Mesh Report Staff March 6, 2017 Comments Off on Arizona Challenges The Fed’s Money Monopoly

It’s Monday again (thank you Garfield). Looks like a flattish open in the gold markets. While we continue our waiting game, let’s think broadly about gold’s role in the money system. If we can

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Gold Bows Before The Fed

Gold Bows Before The Fed

Mike Hammer March 3, 2017 Comments Off on Gold Bows Before The Fed

In the light of a pending interest rate hike, gold continued its decline into Friday’s premarket trading.  Here at The Gold Enthusiast, we’re watching the GLD 116 level for signs of strength.  If 116 can’t hold,

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Sometimes I’m Jealous Of The British

Sometimes I’m Jealous Of The British

Mike Hammer March 2, 2017 Comments Off on Sometimes I’m Jealous Of The British

Most of the time The Gold Enthusiast is very happy to live in the United States.  People are generally nice and they drive on the correct side of the road.  Sometimes, though, he wonders

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Fed, Trump Put Pressure On Gold

Fed, Trump Put Pressure On Gold

Mike Hammer March 1, 2017 Comments Off on Fed, Trump Put Pressure On Gold

Seems gold can’t get a break in the US this week. At the crack of noon Monday gold started to drop. There was a reprieve Tuesday at the open, but the downward action soon

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NUGT Plunges – Don’t Panic!

NUGT Plunges – Don’t Panic!

Mike Hammer February 28, 2017 Comments Off on 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

Still More Gurus Think Gold Heading Higher

Mike Hammer February 27, 2017 Comments Off on 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?

Gold Pops In London – Can It Hold?

Mike Hammer February 24, 2017 Comments Off on 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!

Commerzbank, Goldman Reveal Gold Forecasts – Up!

Mike Hammer February 23, 2017 Comments Off on 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

Alan Greenspan Believes (Again) In Gold

Mike Hammer February 22, 2017 Comments Off on 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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