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Gold Pops, Bummer For Us! Or Is It Opportunity…

Gold Pops, Bummer For Us! Or Is It Opportunity…

Mike Hammer January 17, 2017 0

On Friday The Gold Enthusiast advised not to buy anything in the gold sector unless GLD rose above 115. So GLD promptly spent the day hovering around 114. If you were following the recommendation

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It’s Friday The 13th – Will GLD Behave?

It’s Friday The 13th – Will GLD Behave?

Mike Hammer January 13, 2017 0

President Franklin Delano Roosevelt had a well-known aversion to the number 13. Urban mythology has it that he wouldn’t stay in hotels that had a 13th floor, avoided controversy on Friday the 13th’s, and

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Gold Hits 1200/oz – Time To Buy?

Gold Hits 1200/oz – Time To Buy?

Mike Hammer January 12, 2017 Comments Off on Gold Hits 1200/oz – Time To Buy?

Gold popped above $1200/oz in international trading Thursday morning for the first time in forever.  Well, since mid-November, it just felt like forever.  This of course is in complete opposition to all the talking heads on

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Gold (like everyone else) Waits For The Donald, Part I

Gold (like everyone else) Waits For The Donald, Part I

Mike Hammer January 11, 2017 0

Today marks Donald Trump’s first “official” news conference, at 11AM Eastern. Until then The Gold Enthusiast suspects we’ll see rather restrained activity in US trading. After that – who knows. By the time you

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China Sells Gold – Really???

China Sells Gold – Really???

Mike Hammer January 10, 2017 0

In an apparent departure from their decades-long accumulation of gold, in December China reported a 21 tonne decrease in central gold holdings. If true, this is the first time since at least 2000 that

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Trading Junior Gold Stocks, Part I

Trading Junior Gold Stocks, Part I

Mike Hammer January 9, 2017 0

Last week’s action in gold had many people looking at junior gold miners again, including your ever-faithful Gold Enthusiast. Looking back through the articles, he realized he’s not yet said one useful word about

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Gold Pauses Ahead Of Jobs Number

Gold Pauses Ahead Of Jobs Number

Mike Hammer January 6, 2017 0

Following this week’s run-up, gold took a breather in overnight markets ahead of Friday’s jobs report.  Traders are doubtless looking for hints on whether the recent run-up can continue.  The jobs report affects confidence, which of

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Have We Seen The Low In Gold?

Have We Seen The Low In Gold?

Mike Hammer January 4, 2017 0

Technical analysts are beginning to realize this may be the time for a contrarian bullish play in gold.  (Yes, The Gold Enthusiast has been one step ahead of this.) Remember the old saying that

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GLD hits technical resistance

GLD hits technical resistance

Mike Hammer January 3, 2017 0

Happy New Year! We hope this finds you healthy and in good cheer, ready for a new year of trading. Last week saw a nice pop in GLD as the market reacted to December

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NUGT Nears Swing High – Time To Sell?

NUGT Nears Swing High – Time To Sell?

Mike Hammer December 30, 2016 0

The day after Christmas The Gold Enthusiast wrote that one successful trading strategy was to always have a small amount in the gold sector.  When prices in the sector get very high, sell most

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