This Week’s Thoughts on Gold Investing

gold bars to invest in
Your sleepy Gold Enthusiast woke up bullish this morning for no apparent reason.  Yes, gold is hovering along between 1480 and 1500 in a bullish flag chart formation, and Yes, Russia admits they're accumulating gold to help steady their economy.  As all countries should probably be doing...
NYSE:GLD October 21, 2019 11:19am

Gold Prices: Today’s Predictions on the Precious Metal

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Seems everyone has "predict the price of gold" fever. Not quite sure why - is it the sudden onset of fall weather? Or something in the water?  Maybe the specter of the looming US presidential election?
NYSE:GLD October 16, 2019 10:48am

Silver Investing: China Launches New Benchmark

silver stock bars
Just yesterday China launched Shanghai Silver Benchmark Price Trading. Now that's a mouthful. The new benchmark price will have the symbol SHAG on the Shanghai exchange and will trade for two short time periods daily, one in the morning and one in the afternoon. The trading unit will be 15kg per share of SHAG, but will doubtless be translated into the price per troy ounce for comparison to other world silver prices.
NYSE:SLV October 15, 2019 10:13am

Gold Predictions: Look for a Sideways Week [Details]

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Last week ended with no big news, despite all the handwaving and handkerchief-wringing on the evening news. China, after sending over its top negotiator and talking for a few days, apparently decided not to sign any agreements without one more round of talks. This is in keeping with their usual tactics of drag-things-out for a while to see how strong the other side's position really is. And of course, the weekend brought the news that the current discussion is about "Phase One" of an agreement, not a total-overall agreement. So as your friendly Gold Enthusiast has predicted many times, you should expect the US-China trade war to drag out for a while yet.
NYSE:GLD October 14, 2019 9:34am

A Simple Way to Trade Silver

silver stock bars
Got an interesting question in the mailbag yesterday:
NYSE:SLV October 10, 2019 10:41am

What Will Propel Silver Prices Over $18?

silver stock bars
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 the market, questions about the strength of the US economy - and most of all, questions about what direction we're headed next.
NYSE:GLD October 4, 2019 9:21am

Are Silver Prices Stuck in the Uncertainty Zone?

silver stock bars
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 end, what matters is your own personal account balance, not any pet theory or prognostication.  Not even what color your broker's yacht is.
NYSE:SLV October 1, 2019 10:06am

How Recent Gold Activity Is Confusing Traders

gold investing chart
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 to go up. So simple even a caveman can understand it.  Well, lately not so much.
NYSE:GLD September 25, 2019 9:47am

How Will Gold React to the Federal Reserve?

gold and money market
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

silver gold bar
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?

silver gold bar
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 hard as rises - well it wasn't true in this case. The last 3 trading days brought a drop equal to the previous 6 up trading days, so the drop was only 2x as sharp. But for those who bought in during the last few days of the run-up it probably felt 3 times as bad.  Here's the chart for SLV, the most popular unleveraged US ETF for silver.
NYSE:SLV September 10, 2019 11:07am

Is Gold In for a Bumpy Ride?

gold and money market
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 friendly Gold Enthusiast sees this as a short-term pullback due to understandable factors.
NYSE:GLD September 9, 2019 9:38am

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

silver gold bar
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 one day.
NYSE:SLV September 5, 2019 9:58am

Why Have Gold Prices Stopped Rising? [Details]

gold bars coins photo
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 the comparison. So the fundamental relationship between the USD and gold prices in the US finally kicks in, gold dropped, and there you have it.
NYSE:GLD August 30, 2019 11:07am

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