Gold Editorials & Commentary

Most law graduates share a capacity to argue two-sides of any case, regardless of their own primary conviction. When it comes to gold, my verdict as to its ultimate price direction (upwards) and its historical role (wealth preservation) have never wavered.

I believe that there’s a relatively high probability of another big move in the precious metals sector is coming. The charts of gold and silver are starting to look bullish again after the sharp sell-off in the sector that started on January 5th.

Last year felt like a pivot point in U.S. history. The pandemic and election left the nation ideologically divided. There seem to be only three resolutions going forward.

Gold remains in a weekly downtrend, but has found support at both the 50 week moving average and the 10 month moving average, in a bull market it is not unusual for gold to use these levels as support. It is entirely possible for gold to start moving away from these...

Gold has been rising steadily, doubling its price since late 2015 through August 2020. Since then, for the past six months, Gold has been consolidating. We label the consolidation wave (2) down in the chart below.

Listening to a particularly popular “weekly wrap-up” (featuring a gold perma-bull and a certain prominent billionaire’s “favourite technical analyst”) last Saturday afternoon, I was immediately struck by the reversal in the analyst’s so-called “technical picture”...

The crossing of the Delaware in midwinter on Christmas Eve of 1776 was General Washington’s major commitment to take the revolution to the enemy. Now, a little more than 245 years later, a similar opportunity for a similar inspirational action presented itself to...

SPX reached another all-time high, created a minor top, and should correct into next week before resuming its intermediate uptrend. The above comments and those made in the daily updates and the Market Summary about the financial markets are based purely on what I...

Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1800.80 figure. From there, a sharp rally was seen into later in the week, with the metal running all the way up to a Thursday peak of 1874.60 - before backing off...

Since the Dow Jones declined to its BEV -10% level at the end of October, it’s been either advancing towards record territory, closing at new all-time highs (eleven so far since November 16th), or closing within 1% of a new all-time high. Still, just looking at the...

Or if you prefer: "Abidin' Biden: Buy Gold." Short-lived as it may become, the Biden era has begun; and regardless of Harris waiting in the wings, ought higher be the price Gold brings. For wealth to withstand, indeed endure, the onrush of that which is negative --...

Our proprietary cycle indicator is down. Long-term – on major BUY signal. Short-term – on sell signals. Gold sector cycle is down. The correction continues.

Recently, our Best Asset Now (BAN) Hotlist generated a new trigger on the SPY chart. Typically, this type of trigger suggests the SPY is starting a new, potentially explosive, upside price rally. But what really interests us is the potential that the strongest...

Gold seems to be sleeping off its latest mini-rally and lacks the momentum to reach new highs. What happens from here? Has the USD bottomed? And what does it mean when we factor in the EUR/USD pair and poor economic indicators from Europe into the equation?

Mainstream economists are celebrating Joe Biden’s election as US President. For Keynesians, the outlook is for a reaffirmation of economic management by the state, and of reflationary monetary policies to restore economic growth, following the damage caused by covid...

The recent explosion of money printing and debt-funded spending by the U.S. in response to the Covid-19 pandemic has sparked a renewed interest in the key role gold and silver play in hedging against systemic risks.

The report about gold in 2021 would be incomplete without the outlook for inflation. We have already written about it recently, but this topic is worth further examination. After all, higher inflation is believed to be one of the biggest tail risks in the coming...

The gold miners’ stocks have had a wild ride this month, surging then plunging. After hitting new upleg highs, the leading gold-stock benchmark collapsed in a sharp drawdown. That gutted bullish sentiment, bringing back worried bearishness. But despite that big...

We hear so much negativity from both sides of the isle that if a Republican is elected to the presidency then everything is going to hell in a hand basket and if a Democrat is elected then you will be better off to find another country to live in because things will...

The price of gold increased on Inauguration Day, arousing investors’ hopes for a new bullish phase. Ladies and gentlemen, it’s official now – Joe Biden and Kamala Harris have been sworn in as the President and Vice-President of the United States, respectively. What...

After receiving the above email, I called Terry, i.e. Ralph T. (Terry) Foster, gold coin dealer and author, Fiat Paper Money – The History and Evolution of Our Currency. He explained the gold market had been tight for months and is now even tighter, resulting in his...

Gold moved higher as the USD Index moved lower in today’s pre-market trading. Before providing you with my thoughts on why that happened and what the implications are, let’s see exactly what transpired.

The commentary section of Kitco is mostly made up of inane comments regarding the evolution of the price of gold. Clearly, Kitco is deathly afraid of posting any realistic appraisal of the movements in gold's price.

Regardless of when the USD Index will rally, the precious metals remain on track – one that leads downwards. In today’s analysis, I’ll focus on the two most recent developments that probably caught your attention. The first is gold’s reversal and the second is the...

1.Should precious metals investors diversify into other market sectors, like stocks, bonds, and real estate? 2.There’s no simple answer to this question, but generally speaking, an investor who is patient and buys the major support zones for gold will tend to do...

2020 was an interesting year, to say the least. One aspect of the markets that is not mentioned in the mainstream media is that gold turned in its best year since 2010. Skepticism with regard to the durability of the rally in gold and silver imposed restraint on the...

The weakness in the gold market continued last week. As the chart below shows, the London P.M. Fix declined below $1,840 last Friday (the price of the yellow metal later declined even further, i.e., below $1,830).

My team prepares Custom Valuations Index charts to understand how capital is being deployed in the global markets alongside US Dollar and Treasury Yields. The purpose of the Custom Index charts in this article is to provide better insight into and understanding of...

SPX is undergoing a short-term correction most likely consisting of two phases with the first one ending Tuesday or Wednesday around 3730, although it may push down to 3690 right away. This should be followed by a rebound and another decline into the end of the...

The Constitution of the United States is an awesome document that has stood the test of time, despite having been amended a number of times to allow for changing circumstances, much of these related to individual rights and privacy.