Commodities
Trading War For Money, For The Moment
Seven or eight years ago, I gave a speech in L.A. for a friend of mine, Chris Cordoba. Afterwards, we went out to dinner with some of his friends. They asked economic questions, and eventually the conversation turned to concerns about hotspots around the world. I had one big worry… the relationship between China and […]
Oilmageddon And The Global Economy
I grew up on the Gulf Coast, beginning in Florida, then over to Texas, then part way back to Louisiana. We weren’t testing beaches, we were following boats. My stepfather joined our family when I was quite young, essentially becoming my parent. He took a job on a shrimp boat in the Florida panhandle and […]
A Simple Way To Trade Silver
Is there a simple way to understand silver? Yes indeed, silver analysts – including your friendly Gold Enthusiast – do sometimes prattle on about this and that factor, and how the silver markets are paying attention to this right now, that a bit later. What if you just wanted a really simple way to trade silver? We’d […]
Gold Soars On The Saudi Oil Attacks: Can It Last?
Over the weekend, there was a drone attack against the world’s largest oil processing facility and a major oilfield in Saudi Arabia. Oil prices have predictably spiked, but how will this geopolitical shock affect the gold market in the days ahead? What Happened? On Saturday, the drone bombings struck the Abqaiq oil-processing plant and the Khurais oil […]
Will Silver Continue To Rise? [What To Watch]
Silver exploded on Wednesday, with the benchmark SLV ETF opening 3.1% higher than the Tuesday close. It then peaked at 16.15 before falling back slightly to close at 15.97. The gap up on the chart is quite remarkable. The question now is: Can silver continue this run? In premarket trading today SLV is off slightly, […]
Is Gold Destined For Summer Doldrums In 2019?
Every summer, gold traders tremble in fear of “the summer doldrums”. Newcomers to the gold scene might be asking whether the summer doldrums are a real thing? While old-timers might ask: “Does it look like we’ll get those this year?” Here’s a 1-year chart of GLD – guess for yourself on each question, then your […]