The Gold Enthusiast »
When Patience Feels Like Pain
As regular readers of this column know, your friendly neighborhood Gold Enthusiast is a big fan of patience. As in, waiting for setups to materialize before diving in. In a way it’s like that
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Long Gold Contracts Reduced By Over 23,000
The latest COT report shows large traders are cutting their bullish positions in gold. For the third week in a row, the COT report – or Commitment Of Traders, as distinct from Traders Who
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This Week In Gold: Should Investors Hold Off On Buying?
As we discussed on Wednesday, GLD’s critical resistance level is 120. As long as GLD remains below 120, it’s better for medium- to long-term investors to hold off on any massive gold buys. And
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Trump’s Turmoil Confirms That Gold Is Still Important
One reassuring thing that’s come out of the current US political turmoil is that gold is still an important safe haven. Yes, we live in a new world – digital age, cell phones, fast
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Gold Leaps Up Overnight Amid Trump Concerns
Hot on the heels of the latest revelations in the Trump-blabbing-secrets story, gold popped overnight. Right around 7:30 last night Eastern time, GLD popped up through the 118 level we’ve been watching. This is
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How Much Gold Is Behind “Paper” ETFs?
Many investors question if there is sufficient gold in the world to cover all the “paper” that’s been written against it. Anyone who understands leverage and hedging realizes there definitely isn’t. So the question
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Gold Pops On North Korea Missle Test – And The Return Of Dr Doom!
North Korea had a “more successful” ballistic missile test over the weekend. Gold prices popped on the news – as regular readers know, “increased geopolitical uncertainty” pretty much rhymes with “increased gold price.” Your
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Gold Bounces Back
Gold made a picture-perfect technical move this week. GLD, the gold ETF we use as our trading proxy, bounced off its 116 level and appears to be headed higher. This is good news for
Read More »Who Is The Next Great Junior Gold Miner?
If your In mailbox looks like mine, you get three or four “announcements” each week touting the latest junior gold miner. Headlines are often straight out of Marketing 101 – “Small Company Scoops The
Read More »Gold Junior Miners In Turmoil – Why?
You may have noticed the turmoil in gold stocks lately. Some have sold off big, a very few are drifting up, others are just going sideways… It seems there’s little correlation between the price
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