Gold Editorials & Commentary

Almost there. At least that’s what it seems like based on today’s charts. There is some action in all of them, but the two ones provide key information: the S&P 500 Index futures chart and the chart featuring the USD Index.

With the action seen over the past month, Gold ran up to make its high for the swing back in late-April, here doing so with the tag of the 3509.90 figure (June, 2025 contract). From there, a sharp decline was seen, with the metal dropping down to a low of 3123.30...

There was a rather unusual warning out from the ECB yesterday regarding the 'risk of a squeeze' in the gold market.

Poland now holds more gold than the European Central Bank. National Bank of Poland (NBP) governor Adam Glapiński noted this fact during a recent press conference, saying he views gold as a shield against global instability and a cornerstone of economic sovereignty...

Discussion of the stock market and what could happen to gold if the stock market continues to trend higher.

Yesterday, just hours after I said Moody’s tiny downgrade of the outrageous US government debt was not nearly enough, industry heavyweights weighed in with their take on this horrifying matter.

The worst-performing precious metal for the past week was gold, down 4.72%. Despite the dip in gold prices—driven by easing U.S.-China tariff tensions—it seemed more like a buying opportunity.

The year began with markets riding high on reform talk, deregulation, and a burst of renewed American confidence. Valuations soared, sentiment rose, and the S&P 500 stretched to 19 times forward earnings. But as always, gravity returned, this time in the form of...

Gold demand soared in the first quarter of 2025, hitting its highest Q1 level since 2016. To explain what’s driving the trend, Mike Maharrey spoke with Juan Carlos Artigas, global head of research at the World Gold Council. Artigas offered key insights from their...

Every once in a while, you’ll hear some talking head on a financial network claim that gold is “a useless metal.” This is an absurd statement.

Most financial commentators are of the view that increases in the stock market translate to an increase in economic growth. The reason is because the increase in stock prices lifts consumer and business optimism, which, in turn, boosts consumer and business demand...

We've seen the gold price come off of its all-time record highs in the past few weeks. But are we at the bottom yet?

So, Moody’s downgraded U.S. sovereign credit rating from AAA to AA1, which means that the U.S. debt is no longer top-rated. This was the last of the major agencies to cut this rating. What does it change?

Oftentimes, people view the market as more of a mystery than it really has to be.   When you break the market down into its most simplistic perspective, then you recognize that markets top when everyone is in, and markets bottom when everyone that wants to sell has...

Donald Trump has boldly imposed a new era of US economic policy dominated by tariffs, trade wars, and threats to the sovereignty of nations it has long considered allies (Canada, Denmark, Panama), as the second-term president aims to rewrite the rules of...

Egon von Greyerz joins Alisdair Macleod in an informal yet thought-provoking exchange on their respective journeys toward a fuller understanding of gold against a historical backdrop of escalating credit, geopolitical and financial risks.

Treasuries finished climbing solidly above a 4.5% yield on the 10YR and held above that through the end of the day (4.54% as of the writing of this editorial). That’s almost a three-month high.

MMT poses two propositions: 1) that money originates according to the theory of chartalism, that is, money is essentially created and regulated by the state; and, 2) that only “monetary sovereigns” can employ MMT policies successfully. MMT’s favorite example of a “...

Recap of the previous week in precious metals and a look ahead to the next.

Michael Hartnett just did his latest survey of his clients and reported that they thought gold was the most overvalued it's been in the last 20 years.

I’ve supported Trump since his first term, but my hopes for his success peaked a month ago when a panic-induced plunge in the S&P 500 reversed almost precisely from a 4820 target I’d sent out to subscribers. I saw this as the surprisingly quick end to a bear...

At week’s end, the Dow Jones was only 0.25% from closing in scoring position, closing above its BEV -5% line in the chart below.  This is important, as with the Bear’s Eye View (BEV), it is from scoring position that all bull-market advances reside in, as most daily...

Gold’s weekly parabolic trend provisionally flipped from Long-to-Short, and was so confirmed by the week’s settle yesterday (Friday) at 3205, a full -305 points (-8.7%) below price’s All-Time High of 3510 set this past 22 April, a mere 18 trading days ago.

We've reported often about the strong demand for gold coming from Asia and the Middle East. Along with that, we're seeing more and more gold market infrastructure built out that challenges the dominance of New York and London.

Gold is testing support at $3200. Gold sector cycle is down. Trend is up for gold & USD and down for gold stocks.

With the tariff/trade war drums fading lately, the logical conclusion is “inflation trade upcoming!” and cyclical markets – including, or even especially commodity-related stocks – gaining a bull phase as trade bottlenecks open back up.

During last month's tariff war, a big driver of stock-market declines was foreigners selling. Foreigners have stockpiled over $60 trillion in US assets -- much of it in stocks. Which puts America at the mercy of those foreigners whenever foreigners get nervous.

Gold is helping unlock mysteries of the universe. In December 2021, the James Webb Space Telescope (JWST) was launched. Over the last several years, the telescope has produced stunning images that are helping scientists to better understand the universe.

The breather in PMs and miners was likely (as I wrote yesterday). The breather was natural. And the breather is probably over. And it is not the point of today’s free analysis to discuss the very short-term events (I’m doing this in today’s Alert), but rather to...

Gold is undergoing a correction after peaking at $3,500 in our April timing window. Our Gold Cycle Indicator reached maximum cycle topping — a rare occurrence that tends to appear only once every few years.