mike_hammer Archives - Page 3 of 4

What Will Propel Silver Prices Over $18?

Just a week ago your friendly Gold Enthusiast gave his “uncertainty zone” for silver prices. And this morning silver is perched just on top of that zone. So what is the key driver behind silver prices right now?

NYSE:SLV October 8, 2019 10:19am

Where Gold Currently Stands in the U.S. Economy

It’s a cold a breezy morning here at Gold Enthusiast HQ. Holding our cup of coffee for warmth we look over the morning mailbag and see – a whole lot more of the same thing we’ve seen all week. Questions about…

NYSE:GLD October 4, 2019 9:21am

Are Silver Prices Stuck in the Uncertainty Zone?

Silver has now dropped for 5 straight days. Every silver bull will tell you it’s been an agonizing time; all the talk of historic gold-silver ratios, breaking up through 18 and such are now faint glimmers in the past. Because in the…

NYSE:SLV October 1, 2019 10:06am

How Recent Gold Activity Is Confusing Traders

Gold – in case you haven’t been paying attention lately – has been a bit confusing. One example: There’s supposed to be a fundamental relationship between gold price and local currency. When the local currency goes down the price of gold is supposed…

NYSE:GLD September 25, 2019 9:47am

How Will Gold React to the Federal Reserve?

The big news today is the Federal Reserve announcement of future policy. Specifically, interest rates.

ETF BASIC NEWS September 18, 2019 10:35am

Silver Price Boosted by ECB Rate Cut

From Mike Hammer: The European Central Bank cut their 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 by point-1 percent.

NYSE:SLV September 12, 2019 10:41am

Will Silver (SLV) Prices Keep Sliding?

From Mike Hammer: Silver’s impressive run-up came to a halt last Thursday when some good news about the US-China trade war hit the Twitterverse. (We’ve given our opinion on that already, so we’ll just move on.) You’ll remember our adage about drops hitting 3x as…

NYSE:SLV September 10, 2019 11:07am

Is Gold In for a Bumpy Ride?

From Mike Hammer: Gold fell back last week after hitting a high closing price of 1552 on the London exchange. GLD, the unleveraged US ETF, maxed out at 146.82 last Weds (Sept 4th) before the retreat. While some became quite alarmed, your…

NYSE:GLD September 9, 2019 9:38am

Silver Soars As U.S. Traders Try to Leverage It

From Mike Hammer: Silver made a big jump up yesterday, rocketing through 19 like it wasn’t a barrier. High of the day for international silver was 19.60 USD/oz; from the starting point of 18.40, that’s a 6.5% increase in just…

NYSE:SLV September 5, 2019 9:58am

Why Have Gold Prices Stopped Rising? [Details]

Why Have Gold Prices Stopped Rising? From Mike Hammer: Gold prices backed off on US markets Thursday. Several possible underlying reasons, chief among them the Brexit struggle driving the Euro and British pound down and hence the US Dollar up in…

NYSE:GLD August 30, 2019 11:07am