Gold
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 […]
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 […]
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, […]
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 […]
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 […]
