Gold Editorials & Commentary

The yield curve is quietly steepening again. If it continues and accelerates that would be very good for Gold as it likely indicates more rate cuts ahead and a recession.

In light of the recent market action, I wanted to post another update on the Gold cycles positioning - which are offering up a mixed picture, near-term.

Without digging into what effect Trump’s tariffs, tax cuts, vanquishing of cheap immigrant labor, etc. might have on the economy in 2025, let’s just take a quick overview of the latest economic data and commentary that came in this week that didn’t get covered in my...

Wednesday’s brutal response to a mildly hawkish Federal Reserve rate announcement triggered two opposite market signals. First, the sell-off told us that the great secular bull market that began in 2009 is over.

It’s the end of the year, and you know what that means. Like clockwork, Congress tries to push through a 1,500+ page spending bill with handouts and waste to “prevent a government shutdown.” The fact that this happens so frequently would seem to indicate a...

The correction in Gold & Silver intensified this week and especially in miners and juniors. However, the stocks are now very oversold on short-term metrics.

The gold price is finally recovering a bit today (silver is still flat on the day) following the selloff after the Fed's meeting on Wednesday.

Gold has had quite a run for 2024, up over 25% year to date as this article is going to press in late-December. Will the advance continue in 2025? Or will the new year see a reversal for gold prices after 2024’s strong performance?

Welcome to winter as we type literally through the soltice here at 10:21 CET.  And let’s start with a “Thumbs Up!” to one Elizabeth Morgan Hammack, graduate of THE Leland Stanford Junior University, today President of the Federal Reserve Bank of Cleveland, and who...

Although the Fed met expectations by cutting rates on Wednesday, it roiled the markets by signaling a slower pace of rate cuts in the future. Since the election, financial markets have been marked by heightened volatility and uncertainty as they absorb news about...

Well, that was quite the eventful week. We had a Fed announcement, and all the market geniuses were quick to attribute the cause of the 3% decline to the Fed announcement. However, this is nothing more than a foolish and very superficial perspective, which evidences...

Coming up don’t miss our exclusive interview with Frank Holmes of U.S. Global Investors. Frank and Mike Maharrey cover a lot of ground in our special conversion this week. They’ll dive into the divergence between physical bullion and minting stocks and whether Frank...

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

The Federal Reserve somehow surprised traders with a hawkish rate cut this week.  While that had been expected, apparently the Fed’s projected rate-cut trajectory slowed even more than feared. So market reactions were violent, including the US dollar blasting higher...

We’re in the “blastoff” zone now for a lot of the junior miners. Here are today's videos and charts.

Frank Shostak recently wrote that an increase in the supply of gold by itself cannot cause a boom-bust cycle as described by the Austrian Business Cycle Theory (ABCT). If that were true, then Austrians would have no explanation for booms and busts prior to central...

Man stares at potential double top in his Roth IRA. Every week the man stares at the chart of his Roth IRA and then posts it in the Portfolios segment of NFTRH reports. The IRA takes in no contributions, so the chart is based on its market performance only.

The Money Metals Midweek Memo celebrates its milestone 50th episode with host Mike Maharrey delivering an in-depth analysis of economic principles, investment trends, and the current state of the gold market. 

It's easy to think of "inflation" as an abstract economic principle and forget that it has real impacts on real people. Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC...

Powell finally admitted that inflation is higher again and that the Federal Open Market Committee that sets the Fed Funds Rate expects inflation will be even a little higher still in 2025. As a result, the FOMC made the one rate cut still expected of it by markets...

Gold has been selling off with increasing worries that price inflation isn't quite under control and the Federal Reserve might have to slow the pace of monetary easing. Is this a mistake? Or should we follow the crowd?

We're quickly coming towards the end of what's been an historic year for the gold and silver markets. Gold has been hitting new record highs all year, while silver finally crossed the $30 level, and at one point even broke $35 per ounce.

The head of Russia’s largest oil producer says gold could become the dollar’s main competitor in world trade. Russian policymakers have a vested interest in undermining the dollar, so their rhetoric should be taken with a grain of salt, but it’s worth paying...

The Fed Funds Rate is being guided down by the 3mo. T-bill yield, while the 2yr yield rises. CME wiseguys are 95% sure of a .25% Fed Funds rate cut by FOMC tomorrow. We know this, and we know that it is the assumption by a vast majority.

Ten days ago I published a Deeper Dive featuring a number of interviews with people from the week before, saying a huge blow-off top in the stock market was imminent—huge as in, at least, a 50% plunge. Now, nine days later, the Dow has completed its longest (nine-...

Goldback is set to release the Florida Goldback Series with three new denominations. (i.e., 1/2, 2, and 100). Goldbacks are a neat form of fractional gold -- made with a small amount of physical gold embedded within a polymer sheet. The note-shaped gold products...

US president-elect Donald Trump has floated a seemingly radical policy idea, although it goes back to the early days of the American nation: financing the Federal government with revenue from tariffs rather than income taxes. 

The German economy was once a global industrial powerhouse, showing a strong resilience in times of crisis as well as significant productive growth in periods of expansion.

While the gold price is in the short-term doldrums (after a massive rally over the past year), the world’s most savvy gold bugs are buying maniacally.

Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky. With inflation worries mounting, investors sold gold.