Gold Editorials & Commentary

The ratio of gold stocks (GDX) to broad US large caps (SPY) has work to do to recover. However, recover I believe it will. Before the election the GDX/SPY ratio had made a nice bottoming pattern and base. Then just before the election it broke up and out from the...

Matthew Piepenburg, Partner at VON GREYERZ, closes out 2024 with a no-holds-barred conversation with Grant Williams of Things That Make You Go Hmmm. Together, they dive into the fallout of the post-Trump election era and shift focus to the deeper, often-overlooked...

After a six-month pause, China's central bank officially resumed gold purchases in November. According to data released by the People's Bank of China, it added about five tons of gold to its reserves in November.

Gold and silver prices started selling off after it became clear that Trump was going to win the election. Although just a few weeks later both markets have recovered in the midst of more geopolitical tension and the indication of more easing from China.

Gold continues to march higher from the $2550 buy zone, and silver is beginning to look like the short-term leader of the precious metals pack.

The Gold/RINF ratio positively diverged HUI into today’s upside. I am not going to pretend I had it all figured out. Indeed, I got burned on a partial hedge on my gold stock positions (that’s show biz). This is not a site or a service that likes to tout only some of...

As we approach what usually should be a blissful holiday period, the treacherous path the world is now on does not bode well for 2025 and beyond. Two global crises will dominate the world for at least several years and possibly decades.

“Don’t look a gift horse in the mouth.” That was my first thought on seeing gold up about $45...and silver jumping 4%...this morning while other markets weren’t confirming the moves.

In a move that may flood the market with more 'paper' gold, CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. 

The presidential election brought us the "Trump shock" and a healthy correction in the gold market. We saw this reflected in gold flows out of ETFs globally for the first time since April.

Money Metals writer Mike Maharrey yesterday shot down the laughable assertion made this week by Federal Reserve Chairman Jerome Powell that bitcoin is, "like gold," merely a "speculative asset" and thus a competitor with gold, not the dollar, because people aren't...

The best-performing precious metal for the week was silver, up 1.26%. According to BMO, the first silver pour at Aya’s Zgounder expansion was achieved, in line with previous commentary after ore processing in the new plant commenced. The plant reached nameplate...

I have been writing about this since 2015. Gold must outperform the stock market to be in a secular bull market. A few years ago, I modified the concept to include Bonds. Gold must outperform the conventional 60/40 investment portfolio (60% Stocks, 40% Bonds) to be...

For decades, China has dominated critical minerals, with Canada and the US, among other nations, all too willing to let Beijing do the mining and/ or processing and sell the end-products.

Skittish about the stock market’s manic climb?  Consider moving some of your savings into T-bills, which are currently yielding around 4.25%. You could do worse. Some of my friends are reluctant to take even a little money off the table because 2024 was such an...

As promised, this weekend’s Deeper Dive will pull together the best bits from a few videos published in The Daily Doom headlines this week about the prospects for an imminent major stock market crash. I’ll include each video and bullet-point the reasons given for...

There's only one Fed meeting left this year. Which the banks are focusing on now. So in today's show, Vince talks about what they're seeing and writing, and what to expect in response from gold & silver in the last month of the year.

With the most recent market action, I wanted to post a quick update on the Gold cycles, then to take a detailed look at the U.S. stock market.

First, this tease:  the last time the S&P 500 reached (by our quant-crunching) such current duration of being extremely “textbook overbought”, the mighty Index fell …(drumroll)… -26%.  More on that later.

Gold sector cycle is down. Trend is up for USD and down for gold & gold stocks. Looking for a new set up to trade the short side.

In my yesterday’s Gold Trading Alert, I wrote that we had some clues regarding the end of the corrective upswing. We saw an invalidation in the GDXJ (of the tiny move to new short-term highs), and before that silver outperformed on a short-term basis, which was also...

Gold’s monster upleg remains alive and well, after weathering a sharp post-election selloff.  One had certainly been due, as gold had just surged to extremely-overbought levels.  The resulting pullback was big and fast, doing much essential rebalancing work.  Gold’s...

As December begins, financial institutions and market analysts are unveiling their 2025 forecasts, with gold attracting significant attention. Predictions are shaped by a variety of factors, with the new US administration naturally playing a prominent role.

The share of global official gold reserves not stored at the Federal Reserve Bank in New York (FRBNY) and Bank of England (BOE) in London has reached 78% in 2024, from 51% in 1972.

After rebounding in September, central bank gold buying surged in October, doubling the 12-month average. Central banks added a net 60 tonnes of gold to reserves in October, the highest monthly total year-to-date, according to data collected by the World Gold...

The latest episode of the Money Metals Midweek Memo, hosted by Mike Maharrey, dug deep into critical topics including the Federal Reserve’s precarious financial situation, ongoing inflationary pressures, and the role of precious metals in safeguarding wealth. 

During a recent interview, Federal Reserve Chairman Jerome Powell said Bitcoin is “just like” gold and is not competing with the U.S. dollar. Not long after his comments, Bitcoin surged to over $100,000.

The market action suggests that the corrective upswing is maturing and likely about to end. How can we tell? Silver. Silver is outperforming today, while miners are no longer doing so.

The sun rose the next day. The end of the world did not arrive on Trump’s electoral triumph. The Trump trade actually worked. Why did mainstream media, pollsters and some normally savvy investors get it so wrong? Maybe America is not as polarized. Maybe the fear...

Inflation picked up in October, but remains more or less on track. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at a continuously compounding annual rate of 2.9 percent in October 2024...