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The Mesh Report - 23/26 - The Gold Enthusiast

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Gold Goes The Wrong Way After Italian Referendum

Gold Goes The Wrong Way After Italian Referendum

Mike Hammer December 5, 2016 0

Sure enough, the Italian people rejected the referendum.  And like Brexit and the US presidential result, gold reacted in exact opposite to expectations.  Here is the 24 hour chart of gold prices – raw

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Shanghai-London Price Difference Hits New High

Shanghai-London Price Difference Hits New High

Mike Hammer December 2, 2016 0

A few days ago we talked about the Shanghai Gold Exchange (SGE), and how it might be a more reliable indicator of retail demand than the London or NY exchange prices.  This is because

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Look Out Below! GLD Drops Through 113

Look Out Below! GLD Drops Through 113

Mike Hammer December 1, 2016 0

Yesterday GLD dropped through the 113 support level we’ve been watching, with lots of conviction. We can look at the trading action during the day to see if it tells us anything. Here’s the

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Shanghai Gold Premium Hits Multi-Year High

Shanghai Gold Premium Hits Multi-Year High

Mike Hammer November 29, 2016 0

How appropos. Just yesterday we wrote about the Shanghai exchange, and how we should keep an eye on the difference between prices there vs the world gold price. This difference is called the premium,

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Is The Gold Market Manipulated?

Is The Gold Market Manipulated?

Mike Hammer November 28, 2016 0

For years conspiracy theorists have said the gold market is manipulated, rigged, fixed, etc etc. There is indeed some evidence of that, most notably the refusal in 2010 by the IMF banks to sell

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Gold Continues To Drop – GLD Testing 113

Gold Continues To Drop – GLD Testing 113

Mike Hammer November 25, 2016 0

We’ll assume you can see through your turkey-induced food coma, and forge on with today’s look at the gold market.  Trust me, it’s worth it. This week gold fell and kept on dropping.  Our

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Gold Falls Below $1200 In Early US Trading

Gold Falls Below $1200 In Early US Trading

Mike Hammer November 23, 2016 0

The Chinese yuan fell overnight, causing the relative value of the US Dollar to rise.  Which, of course, in the chain-reaction world of international currency and gold pricing, caused gold to drop in US

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Russia Sets A New Record For Gold Buys

Russia Sets A New Record For Gold Buys

the Mesh Report Staff November 22, 2016 0

Hot on the heels of their 24 tonne August, news is out today that Russia added another 48 tonnes in October. That’s a new all-time high for one country in one month. A stronger

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India Gold Rumors: Huge Selloff Coming?

India Gold Rumors: Huge Selloff Coming?

Mike Hammer November 21, 2016 0

Over the weekend news reports picked up on rumors that India may ban imports of gold. Indian Prime Minister Modi recently announced that 500 and 1000 rupee notes be banned, leading to long lines

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Is Gold About To Plunge?

Is Gold About To Plunge?

Mike Hammer November 18, 2016 0

Here at The Gold Enthusiast we focus on trading first, explanations second, speculations last. Lots to look at today so let’s get right to it. Trading will be the main focus today. US Fed

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