Gold Editorials & Commentary

Are investors taking “All the news is in” events seriously? This week’s CPI and PPI inflation reports are likely dovish, and the only real debate now amongst stock and gold market analysts is whether next week’s key Fed meet brings a 25bp or 50bp cut.

The best performing precious metal for the week was gold, off just 0.07%.  According to CIBC, Lundin Gold had produced 245,000 ounces gold, tracking in line with full-year production guidance of 450,000-500,000 ounces. First half of 2024 AISC of $872 per ounce...

How does one hedge against open stupidity? Left, right or center, our policy makers – from parliaments and executive branches to central banks and think tanks – have taken the world closer to war, immigration disasters, infrastructure failures, credit traps, wealth...

To steal a phrase from Thomas Jefferson, the Federal Reserve and the U.S. government have buried us under a "deluge of paper money." We deal with the consequences of this monetary malfeasance every time we go to the grocery store or the gas station. Our rapidly...

In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Chris Powell, the secretary and treasurer of the Gold Anti-Trust Action Committee (GATA) and a longtime political columnist for the Journal Inquirer. 

Fundamentals for Gold and gold stocks are quietly strengthening as odds of a major slowdown or recession are rising. Expect fundamentals to be strongest in 2025.

2 weeks ago the gold market set a new record for largest bank short position since the CFTC started keeping the data. And in the time since then, we've even seen some short covering by the banks at a $2,500 plus gold price.

All in all, the USD Index is likely to soar in the following weeks and months, while the commodity sector, as well as precious metals, are likely to decline. Junior mining stocks are likely to fall particularly hard

The Sahm Rule recession indicator has been triggered. The yield curve (2s and 10s) has finally un-inverted, which, if it steepens aggressively, is a sure-fire recession signal. Out come the tweets and subscriber emails about buying gold stocks after the downturn.

Gold’s standing relative to cyclical markets continues to improve, thus, so does the macro backdrop for gold mining equities.

This past week, I heard an interview with President Trump, during which he postulated that “this country will go into a depression if she wins the presidency.”  Now, believe me, I am no fan of Harris, but I just have to present my perspective that I do not believe...

I continue to believe the bull market’s fate can be divined simply by paying close attention to price action in Microsoft shares. The company is not only the second-largest in the world by capitalization, slightly behind Apple; it is also the most important. That’s...

We just got a big piece of gold news ahead of next month's BRICS summit in Kazan, Russia.

I think the dollar is bearish and it's just a matter of when the long-term trends are ready to resume, and they may be resuming already, in that the dollar rally that I'm looking for may not materialize for a while. We may even continue down all the way into the ...

Gold declined by only $3 but Silver declined 3% and the miners lost 6%-10%. There is technical damage but Gold relative to equities is approaching another critical test that could confirm a new secular bull market.

From my prior articles, the last key low for Gold came with the bottoming of our 72-day cycle - made back in early-June. From there, the analysis called for strength into the late-July timeframe or beyond, before looking for indications of the next mid-term peak...

I have a publishing note; next week I’m having one of my kneecaps replaced.  That means surgery, after which, I doubt I’ll want to write an article for a few weeks.  Hopefully, I can also get the other kneecap replaced before Christmas.  This is something I have to...

As the stock market starts off September with a sharp selloff, gold and silver markets are showing relative strength.

Per our prior missive on Gold having recorded its second-narrowest trading week of 2024 (by percentage distance between high and low), now this last week’s performance perhaps is best categorized as “stodgy”, which by the Oxford English Dictionary (for you...

For the fourth straight month, gold-backed ETFs increased their net gold holdings. Funds in every region reported net inflows of gold with Western funds leading the way.

Our proprietary cycle indicator is DOWN. Current data suggests lower gold prices overall. Our ratio is on sell signal. Trend is now down for gold stocks.

In the entire commodity sector, only crude oil is more widely used. And given the increasing importance of all-things-electronic, copper is unlikely to be forgotten anytime soon. This doesn’t mean that the only way in which its price can move is up (far from it),...

This gold bull’s latest upleg has proven mighty, surging to many new nominal record highs.  Amazingly gold’s massive gains have accrued despite no demand from one of its primary drivers.  That’s differential gold-ETF-share buying by American stock investors. ...

No amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. Investors should...

Here are today's videos and charts.

Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has hit new all-time highs more than 20...

As the West exploits the dollar-based global financial system to crack down on its perceived enemies, Russia is building its own workarounds... using physical gold and oil.

In a typical healthy market, the yield curve (typically the spread between the US 10-year Treasury note and the 3-month or the 2-year note) shows lower returns on short-term investments and higher yields on long-term investments. This makes sense, as investors earn...

As we approach this year's BRICS meeting next month in Kazan, while reports of a 40% gold-backed 'Unit' payment settlement currency continue to emerge, Russia has just announced that they are allocating $1.9 billion for gold and foreign currency purchases over the...

Today’s decline is significant not only because it confirms the post-U.S.-Labor-Day tendency in gold, but also because it’s another step toward creation of a bearish head-and-shoulders top formation.