Gold Editorials & Commentary

This week spot gold closed at $1,788.39, down $82.60 per ounce, or 4.41%. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week lower by 4.18%. The S&P/TSX Venture Index came in up 0.50%. The U.S. Trade-Weighted Dollar fell 0.61%.

We are hearing rumors this week of a shortage of the big silver bars, the thousand-ouncers. No, we don’t refer to bullion banks saying this. Nor big dealers, who are happy to sell us as many of these as we can buy. Nor our peeps in high places (we don’t claim to...

Although the apparent results of the 2020 election are still being contested, members of the global ruling elite are already looking forward to a post-Trump era in American politics – and a post-vaccine world economy.

Sometime after the end of the second quarter, news of Berkshire Hathaway's acquisition of Barrick Gold made headlines. Not known for a favorable opinion on gold, Warren Buffett surprised some people with his move. Also, the addition of Barrick Gold Corp to the...

The gold futures contract lost 0.96% on Friday, as it extended its short-term downtrend following breaking below the recent local lows along the price level of $1,850. Three weeks ago on Monday gold sold off 5% in one day after global financial markets’ euphoria...

The gold price is up $333.46 per ounce, over 1 year, recording gains of 22.94%. The precious metal has a 52-week high of $2,069.40 per ounce, and a 52-week low of $1,453.4 per ounce. The performance of gold has consistently outperformed over the long-term, serving...

Last week's action saw gold forming its high in Monday's session, here doing so with the tag of the 1881.30 figure. From there, a sharp decline was seen into later in the week, with the metal dropping all the way down to an early-Friday low of 1776.50 - before...

We are now proven wrong, (following last week's piece having been intently entitled "Gold More Consolidative Than Corrective Before 'BOING!'"). And yet we "feel" as Gold Bullish as ever! Convoluted indeed.

SPX started a new intermediate uptrend which was followed by a period of consolidation which has now lasted several weeks.  It can either continue its uptrend from here or pull back before being ready for the next buy phase.  We could know its decision by next week...

Our proprietary cycle indicator is DRASTICALLY DOWN. Gold sector remains on long-term buy at the end of October. The big picture is bullish. The weekly config has just turned bullish this year after being bearish for a long seven years.

The gold price was given a a quick $35 ride on the down-elevator today starting at 7:40 a.m EST. There were no news items or events that occurred that would have triggered the price hit. More likely, the Comex banks implemented another Comex open interest...

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

This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to...

The last time I wrote a title like the above was on June 19th; and wouldn’t you know that the correction ended the very next trading day? The consolidation breakout on Monday, June 22 created the gap you will see as a downside objective on the daily chart of HUI...

Whoa! Tuesday, November 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which dropped from a local peak of $1,941, or more than 7 percent.

There are three major Reset themes for the financial system, all with dire consequences. So let’s look at the First Reset: The current global crisis situation is almost as unreal as the 1964 Bond film “Goldfinger” in which the old 007 villain Auric Goldfinger plans...

Disregard all the hype, manipulation chatter, and the silly mantra stating that “Gold is now Dead.”  The gold price was going to retest the $1,800 regardless of anything to do with Bitcoin’s price rise or Janet Yellen becoming Treasury Secretary.  If investors...

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin. At least, that's...

Barrick Gold Corp. (ABX:TSX; GOLD:NYSE, US$25.49), the world's second largest gold producer, has been transformed since it merged with Randgold and the latter's Dr. Mark Bristow took over as CEO. Today, it is not only one of the largest gold miners, but one of the...

Gold plunged on Tuesday to slightly below $1800 an ounce – the first time it did so since July. The news of further successful vaccine tests and U.S. President-elect Joe Biden beginning his transition to the White House have made investors bullish. There is hope on...

Another awesome day is underway on the gold market gridlines… for eager accumulators of the world’s greatest asset! The fabulous weekly gold chart. The $1788 support zone is my focus for fresh buying. 

Well, let’s start with the “shallow people.” And, within the context of markets, I am specifically referring to those with shallow and superficial perspectives about markets.

There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar. However, the government does not set the value of the dollar. So there is no way to reset the...

Vaccines are coming. But so is the debt crisis. What does it imply for gold? COVID-19 cases are still rising at an alarming rate in the United States. As the chart below shows, the rolling 7-day average of new daily infections stays above 160,000.

The best performing precious metal for the week was platinum, up 6.26 percent, as hedge funds boost their net-long position to a two-year high on expectations platinum will find new demand in the green hydrogen space as the catalyst for electrolysis to liberate...

When making decisions regarding the gold mining stocks sector, some will choose to follow price actions, while others will use indicator tools. The Gold Miners Bullish Percent Index ($BPGDM) is one such tool, essentially being a gauge of overbought and oversold...

Confidence in American politics is now rarer than gold. The U.S. election system, once sacrosanct, is losing the trust of half the country. Which half will depend on the outcome of Donald Trump’s efforts in the courts to demonstrate widespread frau

Last week's trading saw gold once again forming its high in Monday's session, here doing so with the tag of the 1898.00 figure (December, 2020 contract). From there, a sharp decline was seen into Thursday's session, with the metal dropping all the way down to a low...

The past almost 3 weeks prove the point made here last week: the US of today is far removed from what it used to be during the years before and for a few decades after WWII. The physical and emotional violence of the past four years, culminating in as yet unproved...

If you are a Gold Bull, which without saying you are (else you'd lack the common sense to be reading this piece, let alone own Gold directly or by right), then this is your kind of market "correction" wherein price rather than falling is merely consolidating. That's...