Gold Editorials & Commentary

The major gold miners’ stocks have skyrocketed since mid-March’s stock panic, attracting in a deluge of new capital inflows. That recently catapulted this normally-contrarian sector to extremely-overbought levels, necessitating a rebalancing correction. The gold...

The U.S. imported a record amount of gold bullion in April during the global contagion and shutdown of many economies.  The United States imported more gold in April than it did during all of last year.  A lot of the gold imported into the U.S. was due to delivery...

The disruptions caused by the pandemic of Covid-19 forced people, companies, governments, and organizations to challenge their basis assumptions about their ways of life and conduct. Some of them might be trivial such as more frequent and thorough hand-washing, but...

Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected.

On August 7, gold in US$ notched its all-time nominal high of $2,089 (It's been printing new highs in many other currencies for quite awhile now.) Silver peaked (so far) at $29.92. After a few days of attempting to scale $30, it gave up the ghost and dropped a...

Tuesday was hot!  And I don’t mean the weather. I mean that it was a remarkable day for the precious metals. The price of gold plunged more than $100 two days ago and it even dove below the key $1,900 level at one point on Wednesday. As the chart below shows, the...

Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market.

Gold is likely to plunge, but not without an additional temporary upswing first. Gold just plunged over $100 in one day, while silver declined over $4. Miners declined significantly as well. Many investors and traders were caught off-guard with these moves, but not...

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This...

Measured by the common man, we’re on the road to ruin. The US has been in decline for decades, but you can’t see that by looking at stocks. You can’t tell it from those who lie about the economy to make their living, but look at long-term real numbers, and you see...

Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation.

The triumph of the gold bulls has finally come, as gold jumped above $2,000. But what’s next for the shiny metal?

The near-term trends in precious metals reached extremes - a temporary top is becoming likely. A daily close below $2000 in gold would confirm a spike-high top and beginning of a 1 to 2-month correction. 

While the gold hype is impossible to miss as its steep rise brought it above the 2011 all-time highs, how sustainable is it exactly? And what about its short-term prospects? That's what we'll examine in today's article.

The best performing precious metal for the week was again silver, up 16.04 percent despite hedge fund managers cutting their net bullish positions to a six-week low; thus the physical market is driving the price. ETFs added 126,842 troy ounces of gold to their...

Everything good comes to its end sooner or later, and the higher one rises, the deeper one falls. These could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let’s take a look at the USD Index...

In our second MAMinar Ronni Stöferle and Egon von Greyerz meet to talk about current events in the global economy as well as gold.

When aggregate demand contracts, debts default, credit tightens, the velocity of money plunges, deflation ensues and capital, i.e. circulating credit and debt, is destroyed. In the extreme state of hyper-deflation, central bankers try to offset fatally accelerating...

Gold’s value is relative. It doesn’t really matter how many digits it takes to express the price. Its true value lies in what those digits represent in terms of purchasing power. During the post-World War I hyperinflation in Germany, for example, a 20-mark gold coin...

For the first time since the March low, TRAN is displaying some clear short-term relative strength vis-à-vis the SPX. It remains well behind on an intermediate basis, but this short-term surge may have some interesting implications for the market trend if it...

Last week's trading saw the gold market forming its low in Monday's trading session, here doing so at the 1975.20 figure. From there, a sharp rally was seen into late-week, with the metal running all the way up to an early-Friday peak of 2089.20 - before giving way...

Question: What happened in the gold and silver markets this week? Answer: Ka-Boom!

Gold for the first time in history records a weekly close above 2000. 'Tis therefore fitting that we begin with this iconic passage (courtesy of Jonathon Cape, Gildrose Productions, and Ian Fleming Publications):

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

Our proprietary cycle indicator is down. Gold sector remains on long-term buy at the end of July. There is now a sharp divergence between gold and gold stocks.

Gold has recently been setting all time highs on a nominal basis and has broken the $2,000 an ounce barrier. It had been eight years since a new high had been set, and this is obviously an important event.

The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The...

Measured in dollars, the current bull market for gold started in December 2015, since when the price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1920, only gold bugs seem to be excited. But in...

The idea that a rising gold price is good for gold miners is intuitively easy to grasp. But to understand just how good, you have to see the numbers.

For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right...