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Monday Morning Quarterbacking
We got a lot of comments on last week’s column about what gold did following the Fed’s interest rate announcement. In case you had a GREAT weekend and you’ve completely forgotten about it, the
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US Dollar Rally Over? If So, Good For Gold!
Many analysts believe the recent rally in the US Dollar could be coming to an end. If so, that would be great news for gold. As we know, in the US gold prices move
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Gold Proves Resiliant In Face Of Interest Rate Rise
The popular line is that gold prices decrease when interest rates rise. That statement is true in terms of fundamentals, but incorrect in real-life results. It’s true because gold doesn’t pay interest, so “fundamentally”
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Snowstorm, Fed – What Else Can Happen?!
Sometimes the world conspires against you. Or at least it seems to. Winter superstorm Sandy clobbered us here in the Northeast US yesterday through last night, and is now easing up as it hopefully
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European Risks Could Limit Gold’s Downside Risk
While US eyes are over-focused on the value of the US dollar and the direction of Donald Trump’s combover, Europe continues to trouble international investors. Brexit may be a virtual certainty now, but there
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GLD Holding 114- Rate Hike Coming
Friday’s action in the US market showed investors are indeed still willing to pay for gold. After dropping for almost 2 straight weeks, gold found support at 114 in GLD money. Now the big
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GLD Now Testing 114
As predicted in our last article, after GLD fell through 114 it proceeded down pretty directly to the next level of support, 114. The 5-day chart of GLD shows the drop was pretty straight-line.
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Why Digital Gold Won’t Ever Kill Off The Real Thing
Last week Bitcoin became “just as valuable” as gold. Or at least, that’s what Bitcoin proponents want you to believe. Really what happened is the price of one Bitcoin equalled the price of one
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Texas Proposal Would Include the Right to Sound Money and Bitcoin in the State Constitution
AUSTIN, Texas (March 7, 2017) – A joint resolution introduced in the Texas House proposes a state constitutional amendment to guarantee the right to own, hold and use any mutually agreed upon medium of
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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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