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Gold gains on global growth woes; palladium sets record on supply concerns

Gold gains on global growth woes; palladium sets record on supply concerns

Mike Hammer September 23, 2019 Comments Off on Gold gains on global growth woes; palladium sets record on supply concerns

Gold rose to a more than one-week high on Monday as weaker-than-expected economic data from Europe heightened fears of a slowdown in global growth, while palladium continued its record run driven by a short

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US Prosecutors Investigate JP Morgan for Fraudulent Precious Metals Trades

US Prosecutors Investigate JP Morgan for Fraudulent Precious Metals Trades

Mike Hammer September 20, 2019 Comments Off on US Prosecutors Investigate JP Morgan for Fraudulent Precious Metals Trades

Your friendly Gold Enthusiast has long maintained that trading practices in precious metals amounts to manipulation. Finally, market overseers are getting the message. Several prominent firms are now facing charges and accusations that go

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Fed Rate Cut Sparks Muted Silver Response

Fed Rate Cut Sparks Muted Silver Response

Mike Hammer September 19, 2019 Comments Off on Fed Rate Cut Sparks Muted Silver Response

As expected the Federal Reserve cut their benchmark banking rate by 0.25%. But a lack of direction about future Fed activities (read: rate cuts) gave investors the jitters, and the US stock markets fell, to

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How Will Gold React to the Federal Reserve?

How Will Gold React to the Federal Reserve?

Mike Hammer September 18, 2019 Comments Off on How Will Gold React to the Federal Reserve?

Now that we have that out of the way let’s talk.  Your friendly Gold Enthusiast has not been a fan of the timing of interest rate changes by the Fed.  In his opinion, the Fed raised

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Silver vs Gold: Which Is the Better Buy?

Silver vs Gold: Which Is the Better Buy?

Mike Hammer September 17, 2019 Comments Off on Silver vs Gold: Which Is the Better Buy?

The weekend attacks on Saudi oil facilities bumped gold up by more than 1% in Monday trading

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Saudi Oil Attack Lifts the Price of Gold

Saudi Oil Attack Lifts the Price of Gold

Mike Hammer September 16, 2019 Comments Off on Saudi Oil Attack Lifts the Price of Gold

Over the weekend, a coordinated attack on Saudi oil refineries shut down 50% of the country’s oil production capacity. The net result is a drop of about 5% in world oil supply, enough to lift

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How the Hong Kong Protests Are Affecting Gold

How the Hong Kong Protests Are Affecting Gold

Mike Hammer September 13, 2019 Comments Off on How the Hong Kong Protests Are Affecting Gold

It’s been quite a week in the gold markets. First, gold had to fend off a bigger drop and stabilize around the 1500 USD level – which it has. Then there was all the commotion about

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Silver Price Boosted by ECB Rate Cut

Silver Price Boosted by ECB Rate Cut

Mike Hammer September 12, 2019 Comments Off on Silver Price Boosted by ECB Rate Cut

The European Central Bank cut its base interest rate today to -0.5% from -0.4%. While this move is supposed to be a stimulus for the economy, analysts disagree on the effect of lowering already-negative yields

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What’s Next For Gold?

What’s Next For Gold?

Mike Hammer September 11, 2019 Comments Off on What’s Next For Gold?

Gold steadied on international markets  overnight. Now that gold is under the psychological 1500 USD level in the United States, it will take some doing to get it moving higher. Investor actions indicate that the

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Will Silver Prices Keep Sliding?

Will Silver Prices Keep Sliding?

Mike Hammer September 10, 2019 Comments Off on Will Silver Prices Keep Sliding?

Silver’s impressive run-up came to a halt last Thursday when some good news about the US-China trade war hit the Twitterverse

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