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Have Gold Prices Bottomed?

Have Gold Prices Bottomed?

Mike Hammer November 23, 2018 Comments Off on Have Gold Prices Bottomed?

Gold prices are holding steady above the 50-day and 100-day moving averages as well as critical support sitting at $1218. This support level is based upon the .618% Fibonacci retracement level from a large

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Market News: What Have We Learned From 2008? [VIDEO]

Market News: What Have We Learned From 2008? [VIDEO]

Mike Hammer November 21, 2018 Comments Off on Market News: What Have We Learned From 2008? [VIDEO]

It’s not news that US equity markets are taking a beating in November. Some are saying this might be the start of the next crash, similar to what happened in 2008.  So it makes sense that we

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Market News: $37 Billion of Gold Traded in London [Details]

Market News: $37 Billion of Gold Traded in London [Details]

Mike Hammer November 20, 2018 Comments Off on Market News: $37 Billion of Gold Traded in London [Details]

The LBMA published the first of their new “enhanced reports” yesterday, and the numbers are eye-popping.  More than 74 London double-decker bus weight-equivalents are traded EVERY DAY on the London market — much more than previously expected.  We

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Has the Value of the US Dollar Peaked?

Has the Value of the US Dollar Peaked?

Mike Hammer November 19, 2018 Comments Off on Has the Value of the US Dollar Peaked?

Over the weekend, there were a lot of opinion pieces about the state of the US Dollar.  Some were very pointed in their belief that the US Dollar has peaked, while others were presaging its

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Indian demand for Gold dips

Indian demand for Gold dips

Mike Hammer November 16, 2018 Comments Off on Indian demand for Gold dips

The mid-Diwali report we’ve been waiting for is out.  Gold demand in the Indian retail market dipped this quarter, resulting in a 43% drop in imports. As we’ve mentioned before, reduced retail demand is largely attributed

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Which Billionaires are Bullish on Gold?

Which Billionaires are Bullish on Gold?

Mike Hammer November 15, 2018 Comments Off on Which Billionaires are Bullish on Gold?

Lots of investors follow what “the big boys” are doing, in the belief that somehow they know more.  Or understand things better.  Or both.  Right now the well-followed billionaires are split in their opinions

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Brexit, France and GOLD

Brexit, France and GOLD

Mike Hammer November 14, 2018 Comments Off on Brexit, France and GOLD

Opponents of Brexit predicted there would be unintended side-effects that folks weren’t considering in their computations. One of them is coming true now. The Bank of France is partnering with JP Morgan Chase to offer EU central banks a place to

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Why Gold Is Languishing?

Why Gold Is Languishing?

Mike Hammer November 13, 2018 Comments Off on Why Gold Is Languishing?

Why is gold falling in this circumstance – shouldn’t it be rising when the stock market is falling

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Why London’s Blocking of Venezuela Gold Matters

Why London’s Blocking of Venezuela Gold Matters

Mike Hammer November 12, 2018 Comments Off on Why London’s Blocking of Venezuela Gold Matters

Last week we pointed you at an article about BoE blocking the transfer of gold to Venezuela.  A few alert readers wrote the author, asking “why does this even matter?  It’s not THAT much gold, right?” Well,

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What life would be like if Gold was used as money

What life would be like if Gold was used as money

Mike Hammer November 9, 2018 Comments Off on What life would be like if Gold was used as money

Gold bugs and libertarians alike dream for a world where gold is used as money.  “No fiat currency” is a common sentiment, reflecting the historical truth that no government-issued currency lasts forever.  Even the mighty Roman whatever isn’t legal currency

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