Gold Editorials & Commentary

John Ray III oversaw the bankruptcy liquidation of Enron when the giant energy trading firm collapsed in an inferno of fraud and malfeasance in 2001.

The best performing precious metal for the week was gold, but still down 1.04%. Torex Gold announced adjusted earnings per share (EPS) of $0.40, beating consensus of $0.33 on pre-reported gold sales of 119,800 ounces.

Last week was full of events, but the most important one clarified after Friday’s closing bell – gold formed a reversal “shooting star” candlestick. The implications are just as you think they are. After a sharp run-up, the rally has run its course, and the yellow...

As warning signs for the economy mount, investors are cheering for more bad news. That's because they expect economic weakness will force the Federal Reserve to stop raising interest rates and eventually re-embrace loose monetary policy.

Technical analyst Chris Vermeulen joins the show to discuss the latest trends for the Silver and Gold markets for the upcoming months and what we could expect for the first quarter of 2023. Furthermore, we talk bout the unenviable fed's pivot, COMEX and LBMA...

Twitter and bitcoin share a key similarity in that their success while it lasted was just hubris. Realize that both companies were birthed by a virtual medium capable of monetizing turds if there is discoverable demand for them.

Following their prior robust trading week (07-11 November) wherein Gold gained +5.3% across a 109-point trading range and Silver +4.2% in spanning 1.70 points, the precious metals this past week went from molten to frozen.

Financial crises are really about trust. They tend to occur when people lose trust in assets, institutions, or people they had thought trustworthy. Whether the lost trust was a consequence of the crisis, or its cause is a different question. But they do seem to go...

Sadly those who have been holding their bitcoin on the crypto exchange FTX, have not experienced the same level of reassurance and service from the exchange’s management.

Let’s start off as usual, with the Bear’s Eye View (BEV) of the Dow Jones.  This week the Dow Jones closed with a BEV of -8.30%, or 8.30% below its last all-time high.  Last week it closed with a BEV of -8.29%, the difference being a decline in the Dow Jones of $2....

This month a cooling CPI number sparked a mammoth rally on Wall Street on hopes that the Federal Reserve may be ready for a pivot (aka capitulation) in its battle against inflation. The gains are premature and won’t change the trajectory of the economy.

Long term – on SELL signal. Short term – on buy signals. Gold sector cycle is up. COT data is supportive for overall higher prices.

Here are today's videos and charts.  The videos are viewable on mobile phones as well as computers.

The battered major gold miners’ stocks rocketed higher with their metal in recent weeks, showing signs of life.  That vertical breakout started to rekindle traders’ interest in this left-for-dead contrarian sector.  Gold stocks’ upside potential in coming months...

History tends to repeat itself, and mining stocks appear to be repeating their 2008 performance, which has very interesting implications. Why do I think that gold miners are repeating their 2008 price patterns? Please take a look at the below chart.

The precious metals market appears to have topped. The fact that junior miners underperform gold serves as bearish confirmation that more downward waves may follow. Almost everything I wrote and said yesterday also is still relevant today.

The evidence argues that the cyclical bear market in precious metals is likely over. We will only know for certain once prices are much higher. Such is the reality of markets. Therefore we need to rely on the weight of the evidence.

Last week the cryptocurrency exchange FTX, which was recently valued at $32 billion, imploded. While the tragedy continues to play out, let’s summarize what has happened so far:

Don Durrett returns to the show to discuss whether or not the latest bull run on precious metals will continue. Furthermore, we talk about the Fed slowing down rate hikes soon and what this could mean for the stock and housing market.

In this video, Gary explains why he thinks the current bear market doesn't have much further to go.

When I was a child, my mother and I would take the Long Island Railroad to Brooklyn to see relatives a few times a year. My grandfather was always outside in front of the apartment house in Park Slope, where he and my aunts and uncles lived. Upon seeing him, I would...

Is the $32 billion collapse of the crypto exchange FTX the catalyst for the fall of the financial system? We will soon know but at least the GOLD – CRYPTO debate was settled last week for the ones who believed cryptos represent wealth preservation. I have always...

While investors continue to await a possible Federal Reserve pivot toward monetary easing, the pivot has already occurred in major asset markets, including precious metals. Last week was indeed pivotal for multiple asset classes.

Meddling in faraway lands is the hallmark of late-stage empires, and of bullies. When former US Secretary of State John Kerry bragged that 30% of his allies in Syria were terrorists, his president Barrack Obama eagerly borrowed more fiat and used it for more...

From the comments made in past months, the mid-term cyclical picture for the Gold market called for the rally into August to end up as a countertrend affair, before turning sharply lower into the mid-to-late October timeframe. In terms of price, a drop back to the...

This was quite a week we had. With one of the largest individual day rallies seen in market history, almost everyone assumes that it was "caused" by the CPI news. In fact, I was emailed by a few long-time trolls on Seeking Alpha, trying to explain to me how it was...

While investors continue to await a possible Federal Reserve pivot toward monetary easing, the pivot has already occurred in major asset markets, including precious metals. Last week was indeed pivotal for multiple asset classes.

The best performing precious metal for the week was palladium, up 10.46%. Allied Market Research published a report outlining 5.8% compounded growth for global palladium markets through 2031. Barrick Gold reported third quarter 2022 adjusted earnings per share (EPS...

​​​​​​​Gold Loses Status as Haven, declared a headline in the Wall Street Journal on September 22.  Two days later gold fell to $1629, the lowest daily close in more than two years; then it began an ascent that has continued to this day. A case of yet one more cover...

2022 has been a highly unpleasant year for bonds so far. Over the course of the year, 30-year US Treasuries, for example, fell by around 45%, 10-year US Treasuries by around 18% and German Bunds by around 19%.