Gold Editorials & Commentary

We have shown a possible very bullish alternate count for gold that is suggesting that we are still rallying in a subdividing wave ^iii^ where only wave $i$ ended at the 2077.90 high and we are now falling in wave $ii$, which has the following retracement levels:

The best performing precious metal for the week was gold, but still down 4.58 percent. Gold took a hit this week from a stronger dollar and investors bought the dip. The SPDR Gold Shares saw an inflow of more than 30 tons on Monday. Gold-backed ETFs had the biggest...

Important price action on the daily gold chart. The short-term gold chart. There’s a double bottom pattern in play, and it comes as the reaction reaches decent support.

This second part of our research post on super-cycles and precious metals will present our expectations going forward for 6 to 24+ months.  In Part I of this research post, I linked a number of our previous research articles we recommended to readers to review for...

Over the last week, several Fed officials spoke publicly with the purpose of convincing investors that their new policy strategy would be positive for the economy. Powell himself testified three times before Congress. However, the most interesting remarks were...

For month after month, in this tempestuous year that is 2020, the gold price continued to peak new heights, having a crystal-clear bullish prospect in August, setting a record 2020 price of $2,089 ($4 away from our target), which was a historical record as well....

Given that not all the information about the situation of the PM market in early to mid-April 2013 is readily available, it is not possible to explore the reason for the Niagara of all "waterfall” attacks at that time. Now, with the second largest of these attacks...

Uncertainty and cycle events will likely lead to continued Gold and Silver price appreciation until the cycle events end (likely in 2024 or 2025). The gold/silver ratio chart shows very clear levels of support and resistance. With the next targets $2,000-$2,250, $3,...

Gold had its worst week since March, falling some 4.6 percent from the previous Friday, as the U.S. dollar staged a rally against the euro. The price of bullion closed below $1,900 an ounce last Wednesday for the first time since July 23 and is now down about 10...

SPX has found a short-term low after completing an a-b-c pattern and has started a countertrend rally.  This is not yet an attempt at resuming the long-term uptrend, and a deeper correction is expected before this occurs.  But there has been enough of a base built...

Last week's trading saw gold forming its high in Monday's session, here doing so with the tag of the 1962.90 figure. From there, a sharp decline was seen into late-week, with the metal dropping all the way down to a Thursday low of 1851.00 - before bouncing slightly...

Gold and the Dow Jones have one thing in common; since their recent highs, the bears have yet to force them to correct by double digit percentages.  For gold, whose last BEV Zero was on August 6th ($2,061.44), two months have passed since its current correction...

In each of our prior five weekly missives we've pointed to 1830 as a key structural price foothold should Gold be so sold. And this past week under a heavy selling load, Gold reached to as low as 1851, a level not seen in better than two months when price was then...

Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the...

Our proprietary cycle indicator is WAY down. Gold sector remains on long-term buy at the end of August. Data favors overall lower gold prices.

Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.  Once key technical levels got breached, the selling...

The gold miners’ stocks have just been hammered, plunging to new correction lows.  That shattered their indexes’ 50-day moving averages, pounding nails in the coffin of this sector’s recent high consolidation.  This necessary correction probably isn’t over yet.  It...

This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing...

The life cycles of Chairpersons of the Federal Reserve resemble royals. For a few years they are closely watched, every word is analyzed, and they are treated as royalty—because they control the flow of fiat currency units. But after they have implemented...

For the time being, things are not looking good, my bull friends. The bearish trend in the gold market continues. As the chart below shows, we saw a significant selloff on Monday with gold prices decreasing from above $1,950 to $1,909. To make matters worse, the...

After taking it on the chin for the last six months, the U.S. dollar now looks set to rally. Gold is being dented, having recently traded back below $1,900. Meanwhile, the dollar is already up nearly 1.5% since the start of September. That's a big deal for the world...

Unfounded optimism is the basis of mental health. “We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy.”

Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below.

While the COMEX digital metals remain in pullback and consolidation mode, the price action may seem eerily similar to some in the sector. Why? Because it IS similar...at least when compared to 2019.

In an ephemeral world, few things survive. I am not talking about species or human beings whose existence on earth is also transitory. Instead I am referring to social and financial systems which are now coming to an end.

The trading range on the HUI and other PM stock indexes continues its job of confusing both the bulls and bears alike. I’ve always said that trading an impulse move is much easier than trading during a consolidation phase. During a strong impulse move up it is easy...

In military terms, the phrase "locked and loaded" refers to "locking" a magazine or cartridge into a firearm and loading a round into the gun's chamber. A variant is to "lock the safety" and then load a magazine into the weapon.

As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. The daily gold chart. The pullback has been quite orderly.

The year that we’re in is one of the most challenging ones to date for the global stock market, and many other markets. Gold is no exception. And yet, there are quite a few techniques that allow one to stay up-to-date with markets and to determine outlooks for them...

The number of new daily infections in Europe is rapidly increasing, even reaching new heights in several countries. That is just another reminder that the second wave in fall or winter is upon us.