Gold Editorials & Commentary

Our proprietary cycle indicator is UP. Our ratio is on buy signal. Trend is DOWN for USD. Trend is UP for gold stocks. Trend is UP for gold.

The biggest gold-stock gains during major gold uplegs accrue in the mid-tiers and juniors.  These smaller gold miners in the sweet spot for upside potential are just finishing reporting their latest quarterly results.  How they are faring fundamentally affects their...

By now, you’ve likely heard about regulators closing down Silicon Valley Bank (SVB) and now Signature Bank as well. While I’m not going to go into all the details, the basic story is described well in this article on Seeking Alpha. Essentially, SVB received a large...

It's been a tough week in the banking sector, as just a few days after Silicon Valley Bank experienced a bank run, and several other regional banks came under pressure, Credit Suisse was back in the news on Wednesday as their share price dropped again after their...

Mario Stifano, CEO of Galantas Gold and Chairman of Dore Copper, joins the show. We discuss the recent SVB bailouts, how larger banks might face similar problems soon, and how this could lead to a surge in gold and silver investments. The question of whether the Fed...

Matthew Piepenburg, Commercial Director at Matterhorn Asset Management, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the ongoing Silicon Valley Bank collapse, and what it means for markets, gold, and Fed policy. Topics cover...

Last week we wrote about the inevitable bullish fundamentals for Gold. Recent events that followed our editorial signal that the inevitable is moving closer to imminent. Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to...

The Silicon Valley Bank fiasco is an in-your-face example of the systemic risk inherent in fractional-reserve banking. (see Elephant In The Room)

Since projecting the Q4-Q1 broad market rally back in November, we have been managing a macro transition within this rally. Based on the leadership of the Semiconductor sector and Tech, it has been dubbed a “Goldilocks” (inflationary pressures not too hot, not too...

What a week we had last week.  As we came into the week, I said I was standing aside, as I was not sure how this would resolve. But, I was going to give the bulls the opportunity to prove themselves early in the week. So, I laid out a very specific path they would...

With the apparent failure of Silicon Valley Bank (SVB) potentially causing a crisis in the American and even the global financial system, we will be treated to all manner of explanations, very few of which will accurately state the cause of these troubles:...

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in eighteen months.

Peter Boockvar returns to the show, and we discuss the current SVB situation and whether more banks will fail. We also examine the impact of these bank failures on gold and silver prices. Additionally, we analyze the Federal Reserve's predicament with high inflation...

After a turbulent weekend in the banking system, that included the closing of Silicon Valley Bank, the Fed and the FDIC guaranteeing the deposits, and also concerns about other banks, there was a significant rally in gold and silver on Monday, as well as a lot of...

A look at currencies and correlate how that might relate to metals.

I think this statement probably sums up the current banking crisis most succinctly: “The American banks have a whole bunch of accounting tricks that they can play, to show earnings when earnings don’t exist, to show capital when capital doesn’t exist… totally...

The high-profile collapse of Silicon Valley Bank last week is a story about bad debt, just not in the way most people think.

Silicon Valley Bank (SVB) collapsed and was then seized by the California Department of Financial Protection on Friday, March 10. This came after a frenetic two days, when the bank announced a big loss, tried to raise capital, and then faced an accelerating run-on-...

The best performing precious metal for the week was gold, up 0.98%. Gold rose from near its lowest this year after a metric of U.S. unemployment came in higher than expected, reports Bloomberg, softening expectations that the Federal Reserve will keep aggressively...

The price of gold spiked upward by $40 oz. on Friday. Reports by others point to the failure of Silicon Valley Bank (SVB) as sparking a "flight to safety" into the yellow metal. Gold, according to them, is the ultimate safe-haven hedge; where else would you go?

The latest headlines, of course, are all pointing toward the ripple effect of Silicon Valley Bank (SVB), and they should be. This banking metaphor for the tech sector in particular and the previously described disaster in California as a whole or the matter of ...

The era of zero interest rates is long gone, and annual interest payments on the $31.6 trillion debt load are up 41% since last year (of course, the fastest rate of increase ever), and fast approaching the $1 trillion mark. Consumer prices aren't slowing their...

Let's begin with this apologetic correction: we've oft-quipped that Federal Reserve Chair(man) Powell shall come to the aid of former FedChair now U.S. Secretary of the Treasury Janet "Old Yeller" Yellen upon her depository's default. Wrong we were. To quote the...

As the Fed signals further rate hikes ahead, precious metals markets are probing for support levels. Gold prices currently come in at $1,866 an ounce essentially unchanged now for the week as of this Friday recording. Silver, meanwhile, was getting slammed this week...

This was a big week for Mr Bear. Several banks in Silicon-Valley had “liquidity problems,” and were closed. Which I take as meaning; for the foreseeable future, in the BEV chart below we’re not going to be looking at the Dow Jones’ BEV -5% line, but its BEV -25%...

Silicon Valley Bank (SVB) collapsed after experiencing an old-fashioned bank run. It started Wednesday when the bank tried to raise $2.25 billion in equity to shore up its balance sheet. Customers panicked and withdrew a staggering $42 billion - making them...

It´s been a tough six weeks of deep corrective price action in the gold market since our last analysis “Gold – Rally is losing momentum” had been published. From its top on February 2nd at 1,959 USD gold sold off 7.91%. Last week saw a first reaction to that sell-...

A deeply inverted yield curve suggests the stock market is far from its final bottom. A collapse in commercial real estate could be a massive black swan. The economy keeps rolling despite record Fed rate hikes - how long can it last?

Gold sector cycle is down. Trend is up. We took partial profits and are holding a core position, and will buy back upon the cycle turning up.

The Fed put a big damper on the markets, but not on our portfolios because of our large cash allocations. This is a time to be brave, but not stupid. We’re modest buyers.