Gold Editorials & Commentary

The Dow Jones this week made four new all-time highs, aka BEV Zeros, its 38th to 41st since entering scoring position (Red Circle below) last November. 

Welcome to edition “Triple-Seven” of The Gold Update, wherein we find the yellow metal having settled yesterday (Friday) at 2673, a -0.3% loss (-8 points) for the week.

As the U.S. dollar bounces back versus foreign currencies, gold and silver markets are showing resilience. The Dollar Index is moving up sharply in the early goings of October after falling steadily for three months prior.  Currency traders ditched the Japanese yen...

President de Gaulle of France initiated the secret operation “Vide-Gousset” and repatriated 3,313 tonnes of gold reserves from the vaults of the Federal Reserve in New York and the Bank of England in London from 1963 until 1966. De Gaulle feared America’s deficit in...

Our proprietary cycle indicator is now DOWN. Current data suggests a top is imminent. Our ratio is on sell signal.

After doubling in July, central bank gold buying slowed in August with record high prices but remained in positive territory. Globally, central banks added a net 8 tons of gold to their reserves in August.

After surging dramatically in the last couple months, gold’s selloff risk is high.  Massive recent buying not only catapulted gold deep into extremely-overbought territory, it exhausted gold-futures speculators’ likely capital firepower for buying.  Couple that with...

De-dollarization, the BRIC countries are destroying the USD, and many other theories… All or some of them might be true, but it absolutely doesn’t mean that they have to result in any specific market moves NOW or shortly.

With China doing massive money printing and stimulus, our Chinese stock market positions are soaring, and this is great news for gold.

For technical analysts, the end of September means fresh monthly and quarterly charts. Our entire world is focused on the short term at the expense of the long term. As such, monthly and quarterly charts are rare.

The ratios of gold to stocks (SPX) and the miners to stocks (SPY) are still intact to the rally theme. There are of course macro and sector fundamentals and nominal chart technicals to consider. But one aspect of the ongoing rally view that is important as well are...

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey discusses the current state of the U.S. dollar, the ongoing threat of inflation, and why holding gold and silver remains a vital strategy for preserving wealth.

Federal Reserve technocrats like to use a variety of slogans and buzzwords designed to make the Federal Reserve look like it’s an apolitical, “scientific” institution guided only by a quest for sound management of the economy.

US stocks ripped higher on Monday, with all three indexes closing at new records. Yahoo Finance said the S&P 500 marked its best year-to-date performance at the end of September since 1997 and its best fourth quarter since Q4 of 2021.

The Hungarian National Bank has joined the growing number of central banks globally, increasing their gold reserves. In a recent press release, Hungary's central bank announced it has increased its gold holdings from 94.5 tons to 110 tons this year.

The gold price has settled into a range this week following another torrid rally in September. And with the banks still holding a record short position, the possibility of a selloff remains elevated.

The discovery of gold in the United States profoundly shaped the nation’s economic and social development, especially during the 19th century. 

Physical gold is no longer cheap. When I began publishing for Gold Eagle in late-2015, physical gold was trading near $1,100 per ounce. It had been declining for four years, following the September 2011 peak at $1,920 per ounce. No one wanted it.

During the 2008 Great Financial Crisis (GFC), the monetary system faced a significant challenge. In a gigantic effort to contain the financial crisis, large amounts of U.S. dollars were created by increasing the monetary base.

According to Bank of America, gold has overtaken the euro to become the world’s second-largest central bank reserve asset. With the central bank gold buying spree over the last several years, along with the rapid rise in price in 2024, the yellow metal now makes up...

The videos coming out of western North Carolina, of entire towns wiped off the map by flood waters of Hurricane Helene, are both tragic and shocking. Lesser, but serious, impacts have been felt across the entire region. The residents of much of southern Appalachia,...

Goldman Sachs sent out a new gold report on Monday, and they once again raised their gold target for early 2025. This time to $2,900.

Tanzania is poised to expand its gold reserves. According to a Reuters report, the East African nation's mining regulator has ordered all mining firms and gold exporters to allocate 20 percent of their gold for purchase by the Tanzanian central bank. 

After moving to its Fibonacci-extension-based target, gold price declined – so far, just modestly so.

The month of October begins with a pause in gold’s relentless rally against fiat. The pause is likely related to technical factors as well as the Oct 2-7 is “Golden Week” holiday in China. Most dealers and stores close for the holiday. The lull in demand often sees...

Gold hit another all-time high as traders parsed the latest remarks from Federal Reserve officials (timing and speed of future interest rate cuts) and prepared for key U.S. economic data, Bloomberg reports. Bullion hit a record of $2,640.11 an ounce, beating the...

Let’s now introduce some gold discussion, as gold is the asset (IMO) that will ultimately prevail in the developing macro. However, if we can leave aside our mentalities as casino patrons, we may realize two things…

Many investors, businesses, and consumers cheered the Federal Reserve’s first interest rate cut since March of 2020. The Fed’s 50 basis points interest rate reduction was larger than many Fed watchers anticipated and was followed by suggestions that there are more...

One of the primary reasons that investors turn to physical gold and silver is to eliminate counterparty risk. Stock markets can melt down, banks and brokerages can close, the currency can hyperinflate, the federal government can default on Treasury debt, or all of...

Well, that didn’t take long. In April, Zimbabwe introduced a gold-backed currency in an effort to stabilize the country’s financial system. Less than six months later, the Reserve Bank of Zimbabwe has already devalued the new money.