RSSCategory: Gold

Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

| May 9, 2019 | 0 Comments
Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

China announced yesterday that they increased their central gold reserves by 480,000 oz (approx 14.9 tonnes) in April, noting that this is the fifth straight month of increases.  The announcement also noted this brings Chinese reserves to 61.1 million ounces with a value of $78.35 billion USD, as of the end of April. This is an old story to regular readers […]

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Gold Dropped Below 1280 & Appears To Be Staying There

| April 25, 2019 | 0 Comments
Gold Dropped Below 1280 & Appears To Be Staying There

International gold prices dropped below 1280 on April 16. We’ve been pointing at the 1285/1280 price area as important support for a long time, as history shows it is significant time and again. This is the 1-year chart of GLD, with the red line indicating the GLD equivalent of the 1280/1285 price. You can see […]

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Is Buffett Wrong About Gold?

| March 26, 2019 | 0 Comments
Is Buffett Wrong About Gold?

If you asked 100 random people today who in their opinion is the most known investor, probably 70 would mention Warren Buffet, the icon of investing in stocks. The legend that has been built around the “Oracle of Omaha” over the last 40 years is indeed impressive. While I very often agree with his views regarding, […]

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Gold Retakes 1300 Amid Rising Uncertainty

| March 14, 2019 | 0 Comments
Gold Retakes 1300 Amid Rising Uncertainty

As you know, gold dropped down through 1300 two weeks ago.  That gave gold bulls a mild heart attack because the story for gold rising includes a little bit about “rising.”  Not “falling.”  A touch of a difference there. And 1300 is a key pivot point for gold; it can’t go up without staying above 1300 (just to drive […]

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Has The Gold Bull Run Already Started?

| January 17, 2019 | 0 Comments
Has The Gold Bull Run Already Started?

Seems like every day brings an article by another analyst asking if the next gold bull run has already started.  Or is about to…  Your friendly Gold Enthusiast believes it has, but as with the start of all bull markets, one needs to be careful. As the old traders say, everything is timing. Put all your money in […]

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Gold Fundamentals Improving But Not Bullish Yet

| December 6, 2018 | 0 Comments
Gold Fundamentals Improving But Not Bullish Yet

The following post was originally published on TheDailyGold.com Recent market and economic developments are positive for Gold and precious metals but conditions are not bullish yet. Bullish conditions and bullish fundamentals would be highlighted by a shift in Fed policy. They aren’t shifting yet. They are slowing, which precedes a shift. From a market standpoint, we […]

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Gold Outshone Bitcoin In October

| November 29, 2018 | 0 Comments
Gold Outshone Bitcoin In October

Bitcoin has long been seen as an asset that rivals gold as a hedge during stock volatility. It tends to zig when the market zags, it’s scarce but in a known quantity, and it’s easy to store, keep track of, and transfer. When the stock market ended its nearly decade-long bull run last month, gold futures […]

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Have Gold And Bitcoin Seen The Worst Of Their Bubble Bursts?

Have Gold And Bitcoin Seen The Worst Of Their Bubble Bursts?

You know I’ve been fighting the gold bugs for a long time. Gold is an inflation hedge, not a deflation hedge. Turn to gold for safety during a deflationary period and you’ll get your ass handed to you on a golden platter! Gold is simply another commodity and it burst in the 30-year cycle top between 2008 and 2011, […]

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5 Things That Precede Major Bottoms In Gold

| November 13, 2018 | 0 Comments
5 Things That Precede Major Bottoms In Gold

The following post was originally published on TheDailyGold.com The recent weakness in Gold and gold mining stocks is not over. In fact, we are worried about another leg down getting underway. Long-term oriented investors and speculators should be aware of the near term trends but they should also be aware of the conditions that will lead […]

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Expert Sees Gold Prices Passing $10,000 If Investors Panic

| September 4, 2018 | 1 Comment
Expert Sees Gold Prices Passing $10,000 If Investors Panic

Gold prices have been under pressure lately but still showing signs of life as they brush off the latest economic data. Investors are betting against the yellow metal in mass, but time may be running out for the shorts, depending on how quickly things change. Daniel Oliver of Myrmikan Research, who writes extensively about credit bubbles and economic […]

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