Gold Editorials & Commentary

Bank of America has a new report out suggesting that gold could move towards the $3,000 per ounce price on Fed rate cuts.

Through recent missives we’ve been near-term negative on Gold, indeed looking for a move down to test the 2247-2171 structural support zone.  Such read remains in concert with price’s weekly MACD (moving average convergence divergence) still adversely positioned.

While many are expecting a summer slump following big gains from earlier in the year, precious metals prices are holding above major support levels. And after several weeks of consolidation, gold and silver markets may be on the verge of breaking out of their...

Our proprietary cycle indicator is UP. Current data favors overall lower gold prices. Condition to buy was not met this week, shall wait for a pullback next week.

The gold cycle bottomed in our June target window and the breakout towards $2800 is underway. Our analysis supports a seasonal peak by September, followed by a potentially sharp retracement into year-end.

It is different this time. It must be, because the major economies led by America cannot continue to spiral on their downward path. The reality is lost on hope. Hope that markets will continue higher, hope that interest rates will go down and hope that Trump won’t...

Gold has shown impressive strength weathering 2024’s summer doldrums.  Now through the worst of its weakest seasonals of the year, gold didn’t suffer any prolonged selling.  That was despite entering June very overbought, really boosting odds for a sizable selloff...

Wednesday's big blast higher in gold, silver, and the mining stocks looks like the best fourth of July fireworks an investor could ask for! Here are today's videos and charts.

Private Payrolls are the latest weak number (+150k) amid slow economic deceleration. We anticipated Goldilocks back in Q4, 2022 – Q1, 2023 but she has been more intense and longer lasting than I originally expected.

Joining us today is Brian Beamish, a seasoned expert with 30 years in the gold and silver industry and former commodities broker. Brian shares his perspective on the current boom in the precious metals market, touching on cycle analysis, the impact of economic...

Not only are we seeing a shift in the way gold is being used as a store of value, but we continue to see a change on how the gold is being stored.

History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.

Global debt has soared to a record $307 trillion, rising by a staggering $100 trillion over the past decade, and now represents 340% of world GDP. This is why there is no easy escape from the upcoming recession.

After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.

Central banks continued to buy gold in May, but the pace slowed moderately with China at least temporarily out of the picture.

Even with gold setting new record highs earlier this year, and silver finally breaking the $30 level, we still have yet to see US retail participate in the rally in any significant way.

The rush to buy gold in Vietnam and Thailand hasn’t let up despite high prices and long lines. Last month, the Vietnamese government launched a scheme to drive gold prices lower.

The US financial and monetary empire is trapped in a corner. The default is probably not far away. This could be triggered by the next decent-sized crisis.

The gold bull era… what exactly is it?  While silly Westerners worship government fiat and debt-funded bully wars, billions of citizens in China and India focus on “going big” with saving…

​​​​​​​The World Gold Council has released their Mid-Year Gold Outlook report, providing a comprehensive overview of gold's stellar performance and future outlook. Gold has had a standout performance in 2024, appreciating by 12% year-to-date (y-t-d) and...

Gold erased some of Friday’s losses as the dollar weakened. The precious metal edged up to trade above $2,320 an ounce. Prices fell the most in two weeks after strong U.S. services activity highlighted the potential challenges in cutting interest rates. Higher rates...

Even Nigeria is now bringing its gold reserves home to keep it safe from the West. According to a report by The Star, Nigerian officials decided to repatriate the country’s gold in April “to mitigate risks associated with the weakening U.S. economy.”

For the second time in less than a year, the New Jersey legislature has voted to end the sales tax on purchases of gold and silver coins, bars, and rounds without a single dissenting vote.

The Federal Reserve recently reported the results of its annual economic stress tests for banks. The test supposedly indicates how banks can be expected “to perform under certain hypothetical economic conditions.”

Of all the markets tracked by Rick’s Picks, the dollar arguably has been the most interesting. This might seem paradoxical, given the relatively placid look of the Dollar Index chart above.

Deficit spending is not a growth tool. It is the recipe for stagnation. The latest Congressional Budget Office (CBO) budget and economic outlook estimates show the extent of the challenges of the United States fiscal nightmare.

Generally speaking, the dollar and US bond yields rise and fall together, signaling a positive correlation between the two. Conversely, the price of a bond and its yield are negatively correlated. The lower the price, the higher its yield. A rising yield favors...

There was no big dump or big buying into month end or quarter end for Gold and Silver. The metals and miners remain in correction mode and we require more evidence to give better probability to how the correction plays out and where the bottom will be.

Thursday night we finally had the first presidential debate. So on Friday morning's show Vince Lanci recaps the key takeaways. And explains how what we've learned so far will impact the markets in the months ahead.

And bang on time in stride with our negative near-term bent for Gold — whilst settling yesterday (Friday) at 2337 for a whopping weekly gain of +2 points — on Wednesday, Gold’s anticipated damage was done as price broke below 2320 such as to flip our key 16-week...