Gold fell 2.42% today in continuation of last week’s price action. Gold is experiencing a normal pullback after its whopping 50% rise this year. I'm not worried one bit. I'm now watching $2,600 in COMEX futures and the uptrend line as key support levels. Ideally, I’...
Gold Editorials & Commentary
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November 13, 2024
More voices are harmonizing with mine by saying that the recession already began this year. (Which is not to say they are saying it with any awareness of what I’ve been saying, as I don’t suppose they are.) Today, Ed Dowd says that Donald Trump is inheriting “a turd...
James Madison called public debt “a public curse.” We're currently cursed to the tune of $35.9 trillion and counting. To make matters worse, the size of the debt is exacerbating the debt.
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press...
We saw a lot of gold and silver short covering by the banks in the latest COT report. Ahead of this week's report, which will show us what the banks did while the price was declining in the days after Trump's election.
November 12, 2024
Is the US stock market now in a blow-off stage, like in 1929? If so, how will the coming collapse affect gold, silver, and mining stocks?
Triple Flag reported earnings this past week, which topped earnings per share (EPS) overestimates given by analysts covering the company. Triple Flag also beat revenue estimates of $67.18M with an actual $73.7M in revenue reported.
Gold is fundamentally money, but there is demand for the yellow metal in industry and technology. Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter.
Before your head explodes after reading the title of this article, I am going to ask you to maintain an open mind as you read through this article. It may cause you to begin to see the market as it is rather than as you believe it to be. In other words, try not to...
We discuss the reasons why a secular bear market will begin sometime in the next four years. Its a commentary on the conditions, not on Trump or his policy.
A lot of the market activity this year has been driven by the buildup to the election. But now that it's over, what's next for gold and silver? We've seen an historic rally for both metals in 2024. But with Trump on his way back into office, what will be driving...
November 11, 2024
Earlier this year, Gold broke out of its cup-and-handle pattern and made its biggest breakout in 50 years. It has steadily climbed higher but could be experiencing its first notable post-breakout correction.
What a week for the Dow Jones, and gold. Though looking at their Bear’s Eye View charts, nothing dramatic happened this week, as seen in the Dow Jones BEV chart below.
I’ve been confidently anticipating the Mother of All Tops since, like, around 1975, but this week I decided to go wholeheartedly with the flow. The result, technically speaking, is a robustly optimistic S&P target at 7644.50.
In this pre-US-election interview, VON GREYERZ Partner, Matthew Piepenburg, joins Jeremy Szafron of Kitco News to address the many ignored “elephants” in the room regarding recession indicators, sovereign debt levels, credit market deterioration, increasingly...
November 10, 2024
Gold’s +35.2% rally this year from 2072 to an All-Time High at 2802 might be couched catalytically as geo-political discomfort were (amongst other rationale) Vice President Harris to have defeated former President Trump, in turn installing her as the so-called “...
November 9, 2024
Countries outside the eurozone but inside the European Union, i.e., those that one day might join the eurozone—like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard.
India has brought more of its gold home. Last spring, the Reserve Bank of India repatriated 100 tons of gold, moving it from the UK to vaults within India's borders.
It’s been a historic week in American politics as well as in financial markets. Following Donald Trump’s triumph at the ballot box, the S&P 500 spiked to a new record high.
Gold sector cycle is now down. Trend is up for USD and down for gold & gold stocks. Looking for a new set up to trade the short side.
November 8, 2024
Last week, I wrote Gold Could Collapse or Challenge $3000 in November. This week's election results support the former, and the odds now favor a pullback in gold to its 200-day MA (currently $2,400).
The big US stocks dominating markets and investors’ portfolios just finished another earnings season. These elite companies continue to thrive, collectively reporting near-record sales and profits. Yet their valuations remain deep into dangerous bubble territory,...
We have bull hammer candlesticks of power on the CDNX microcaps index and many individual component stocks too. The new US government realizes the little guy has been left behind, and now is our “microcaps time to shine!” Here are today's videos and charts.
November 7, 2024
A clear-cut win by Trump negates the risk of political turmoil and sends gold and silver plunging. But this bull market was never built on geopolitical risk — it’s a decades-long trend of ever-easier money and ever-greater debt that has sent gold to record heights...
In this week’s Money Metals Midweek Memo, host Mike Maharrey dives deep into the broader economic landscape as the U.S. approaches another pivotal election.
As the United States braces for the aftermath of a decisive Trump victory for the Presidency, the principles of sound money seem destined to take a backseat to what is politically expedient – at least at the federal level.
ETF gold holdings globally increased for the sixth straight month in October. Big flows of gold into North American and Asian ETFs offset outflows from European-based funds.
With Donald Trump back in the driver’s seat, America is gearing up for policies that put the country first: boosting jobs, cutting regulations, and going full-throttle on energy independence.
And no, I don’t mean Trump’s presidency, but that’s true as well. I mean the rally in the USD Index and the declines in the precious metals and mining stocks.
Bond prices collapsed nearly 3% post-election and are down 12% since mid-September. Whatever that tells us did not change because of election results. The action in bonds is contradictory to the prevailing assumptions of a melt-up in asset prices because of expected...