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Gold Decline Continues

Gold Decline Continues

Mike Hammer May 9, 2017 Comments Off on Gold Decline Continues

After spending a few days bouncing along it’s recent low, gold resumed it’s decline today in New York morning trading. GLD slipped below 116.75 and is below 116.30 as I write this. Now, with

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China Doesn’t Stockpile More Gold In April

China Doesn’t Stockpile More Gold In April

Mike Hammer May 8, 2017 Comments Off on China Doesn’t Stockpile More Gold In April

On Sunday China’s central bank reported they did not add any gold to their reserves during April.  For some reason your friendly Gold Enthusiast does not believe this.  Is it because for decades China

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Chinese Keep Wanting More Gold

Chinese Keep Wanting More Gold

Mike Hammer May 5, 2017 Comments Off on Chinese Keep Wanting More Gold

Chinese gold demand rose 8% in the first quarter of 2017, compared to 2016 Q1.  Compare this to a worldwide not-China demand drop of 18% for the rest of the world in this same

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Goldman Gets Bearish On Gold

Goldman Gets Bearish On Gold

Mike Hammer May 4, 2017 Comments Off on Goldman Gets Bearish On Gold

Goldman Sachs discussed their latest forecast on gold prices Wednesday.  Goldman – who you’d think would be golden bulls by their name – have turned slightly bearish on gold in the near term.  On

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Gold Falls Through Support

Gold Falls Through Support

Mike Hammer May 3, 2017 Comments Off on Gold Falls Through Support

After bouncing on top of support for a week, gold finally relented yesterday and fell

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GLD Drops Below Support

GLD Drops Below Support

Mike Hammer May 2, 2017 Comments Off on GLD Drops Below Support

Investors sold gold Monday as good economic news dominated. International gold prices dropped below their 1255 support level, leading to a quick technical sell-off by algorithm-driven traders and black boxes. Your friendly Gold Enthusiast

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Gold: Where Are We Now?

Gold: Where Are We Now?

Mike Hammer May 1, 2017 Comments Off on Gold: Where Are We Now?

In the wake of rising belief in the US bull market, and relative calm overseas, gold has fallen from its recent highs. So after all the up-and-down, where are we now? The numbers are

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Fascinating Alternative Gold Play

Fascinating Alternative Gold Play

Mike Hammer April 28, 2017 Comments Off on Fascinating Alternative Gold Play

Every once in a while something comes along that really catches your interest.  In the good way!  This article runs through some of the usual reasons to own physical gold, then gives a nice

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Gold Demand Rises In China

Gold Demand Rises In China

Mike Hammer April 27, 2017 Comments Off on Gold Demand Rises In China

While Western gold traders and consumers shy away from shiny metals, the Chinese are stepping up purchases.  Thursday’s gold sales report by the China Gold Association showed demand rose 14.7% in the first quarter

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Gold Miners Get Hammered – Buying Time?

Gold Miners Get Hammered – Buying Time?

Mike Hammer April 26, 2017 Comments Off on Gold Miners Get Hammered – Buying Time?

Hot on the heels of the French primary election, and Donald Trump saying happy things to business, traders dumped gold to go looking for the next home run stock. Traders dumped gold, and they

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