Gold Editorials & Commentary

On Friday, October 17th, we alerted readers that gold was exhibiting a rare blow-off top, which could trigger a 20% correction. Prices peaked the following Monday and have since fallen back below $4,000.

The metals market continues to recoil from the big round number zones of gold $4000, silver $50, CDNX 1000, and GDXJ $100. Of course, nothing fundamentally has changed for gold… 

A relentless surge in the price of gold is delivering windfalls across emerging markets, boosting investor confidence in countries that mine and buy the metal.

According to the Treasury Department’s monthly report for September, the budget deficit turned positive last month, with tax receipts coming in at $197 billion above federal outlays. This sizable one-month surplus was due to a large month-to-month drop in federal...

In my weekend Deeper Dive, I showed where the government’s inflation data on Friday fell far short of the truth; so, you are right in thinking more has been eating away at you than the government reported.

On a recent episode of the Money Metals podcast, Money Metals’ Mike Maharrey interviews Axel Merk, president and CIO of Merk Investments. They cover the metals selloff, the recent silver squeeze, thin market liquidity, stress in private credit, and why the U.S....

Even with gold scaling record highs, Indian demand was robust in September as the festival season kicked off. India ranks as the world's second-largest gold market behind China. 

The gold and silver prices are getting clobbered today, with one of the key drivers being that the lease rates, and by extension the silver chaos, in London has eased. But it raises an important question, that we cover in this brief video.

We've already been witnessing history in the gold market over the past year, and now buy season is about to get started.

Imagine a parallel universe where, with the stroke of a pen, President Trump declares an end to the ill-conceived trade war that, while it intensified sharply in April 2025, started in 2017.

I’ve warned that the inflation numbers put out for CPI by the Bureau of Lying Statistics were going to become an aberration that fails more than ever to report the rising inflation I’ve said we would see this fall due to tariffs. Sure enough, while the inflation...

When you think through a couple different specific events that have occurred, you can also almost start to get an idea of where this is headed.

Gold has only had three major breakouts in its history. So, it's only corrected three times after a major breakout. And that's where we are here and now. That's the very big picture of the gold market. We are having our first big post breakout correction.

2025 has been an outstanding year for precious metal assets.  If following the gains seen so far this year, we now see a significant pullback in these markets, it might actually be a healthy market development.

Well, with the big selloff in gold and silver following a monster rally since Labor Day, a Saxo Bank analyst says the metals are no longer technically overbought, but they are still under-owned.

Gold — in having the prior week been “meme’d” — this past week got “bean’d”.  And anticipatedly so, for as you by now well know, Gold had gotten — and indeed still is  — “ahead of itself”, a phrase familiar to those readers of The Gold Update who’ve been with us...

Here are today's videos and charts.

Let’s review one of several “gold bubble” headlines that have appeared recently. In this piece, the analyst in question and his bubbly views are behind a paywall. But a writer at Investing.com highlights the analyst’s views publicly.

Despite their well-earned reputations as stable assets and safe havens, gold and silver have become highly volatile in recent weeks, with sharp moves in both directions.

Well, that was quick. Seventy-one days to be exact. That’s how long it took for the federal government to add another trillion dollars to the national debt. In August, the debt eclipsed $37 trillion for the first time. On Oct. 21, it blew passed $38 trillion.

Gold sector cycle is now DOWN. Trend is up for gold & USD, down for gold stocks. We took profits and will wait for new set ups.

Gold miners’ stocks were just slammed sharply lower as high-flying gold started wobbling.  Gold stocks’ great leverage to gold is a double-edged sword, amplifying rallies and selloffs alike.  These serious blows suffered by gold stocks have given traders pause,...

As you’ve likely heard, the inevitable pullback in precious metals continued yesterday, with spot gold dropping 5.29% and spot silver falling 7.03%, marking the sharpest one-day decline in over a decade.

A former Federal Reserve advisor said the recent selloff in gold and silver wasn’t just nervous investors booking profits on oversold assets. She thinks it signals deeper structural rot in the financial system.

Gold slips below $4,100 per ounce after a single-day drop of more than $100, while silver hovers just above $48. The speed of the move is the headline, but the setup is the story.

I'd say "hoard" since we're talking banks that usually have a vaults (or computers) full of cash, but that is just the problem: they don't.

If you don't like volatility, watch out in these gold and silver markets. Because the stunning swings continue, this time with the gold and silver prices shooting higher again.

After the big selloff in gold and silver, a Saxo Bank analyst says the metals are no longer overbought, but they are still under-owned.

A long time ago, a mythical community was totally free.  It had virtually no taxes, a tiny government, and everyone prospered. and was happy.

You’ve heard the expression, “throwing good money after bad;” well, we had an example of throwing bad money after bad. President Trump has been throwing the dollar after the Argentine peso in order to save the crashing peso.