Gold Editorials & Commentary

We start this week's commentary with some rather depressing news from Reuters: The ratio of downgrades to upgrades in the credit ratings of leveraged loans has spiked to a record level, five times above that hit during the last global financial crisis, reflecting...

We will start this update by looking at gold’s price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bullmarket, which is another way of saying that these currencies are losing purchasing power.

The gold futures contract gained 0.55% on Friday, as it continued to trade along Wednesday’s new yearly high of $1,796.10. The market has extended its long-term uptrend last week. The recent economic data releases didn’t bring any new surprises for the financial...

As I sit here on a Thursday evening, contemplating the logic behind my most recent additions to a highly-tentative short position on the SPY:US (the ETF tracking the S&P 500), I am doing everything in my power to not take my quote machine and project it into the...

The Federal Reserve has printed trillions of dollars without generating runaway price inflation through the use of a neat trick.

The second wave of Covid-19 is here and while it makes gold’s potential even better in the long run, it’s likely to mean a sharp decline beforehand.

Gold closed last week at US$1,770 almost US$20 higher than at the closing price on June 19th. The bulls not only pushed prices to a new eight-year high at US$1,780 but have once again responded with great strength to a bearish attack on Friday. Every dip, no matter...

One of the most telling patterns in Gold over the past 6+ months has been the “washout low” price rotation pattern after establishing a momentum price base.  It seems as though every time Gold completes one of the moderate-low price rotations, as we call it a “...

Last week's trading saw gold once again forming the bullish pattern of an early-week low, here hitting a bottom of 1753.50, made in Monday's session. From there, strength was seen into Wednesday, with the metal running all the way up to a peak of 1796.10 - before...

Fierce indeed and nearly with success, which we think ought swiftly be in the balance as Gold this past week traded to as high as 1796, leaving just four final points to finally taking The Northern Front (1750-1800), price settling out the week yesterday (Friday) at...

This week the Dow Jones broke below its BEV -15% line, something not seen since May 27th when the Dow Jones broke above this critical level. Looking at the advance off the Dow Jones’ BEV -37% level since March 23rd, a correction in this advance may be warranted, so...

When the results are released, the second-quarter economic data will be the worst on record.  With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy.  The total U.S. public...

Gold sector remains on long-term buy at the end of May. Gold sector cycle is now up, indicating that the multi week pullback is now completed. We are adding to positions.

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

During the coronavirus crisis many people couldn’t find physical gold, as there was a bullion shortage at dealerships. And these lucky individuals who managed to obtain bullion had to pay high premiums. We invite you to read our today’s article about the high...

Gold miners’ stocks rocketed out of mid-March’s stock panic, breaking out to major new bull-market highs in mid-May. Such blisteringly-fast gains, and gold stocks’ upleg stalling out since, have left many traders nervous about this sector. Calls for a serious...

The gold futures contract lost 0.25% on Thursday, as it retraced some of the recent advance. The market got very close to $1,800 mark on Wednesday but then it has reversed lower. The recent economic data releases didn’t bring any new surprises for the financial...

In last week’s Insight I examined the position of the US dollar, given the Fed’s current monetary policies, and concluded that the Fed’s dollar is likely to become valueless by the end of this year. The consequences for other major currencies — the euro, yen and...

In the first part of this research article, we briefly discussed the recent price and global economic events related to the 2018 to 2020 US stock market volatility and the COVID-19 virus event.  The premise of this research post was to highlight the current upside...

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of...

IMF predicts deeper global recession and slower recovery, just as I expected. Good news for gold.

The gold futures contract lost 0.39% on Wednesday after reaching new long-term high of $1,796.10. The market got very close to $1,800 mark but then it has retraced the whole intraday advance. The recent economic data releases didn’t bring any new surprises for the...

While many viewed unemployment, or the Covid virus, or the slowed GDP, or a myriad of other factors as reasons to believe the market is “dangerous,” I propose that these four-letter words are more dangerous to your investment account than anything else:

We warned about this move many months ago and just 6 days ago we issued a research post suggesting Gold had cleared major resistance and would start a rally mode to push above $2000 – possibly above $2100.  Well, guess what happened right after we made that...

The Weekly Missive, which usually arrives over the weekend (sometimes on Friday, sometimes on Sunday) was delayed this weekend for one reason: I had to change it.

Gold surged on Monday after a spike in coronavirus cases worldwide dashed hopes of a quick economic recovery. Within 24-hours the number of infections globally rose 183,020, a new record, the World Health Organization reported, Reuters said the US saw a 25% increase...

The best performing precious metal for the week was silver, up 0.83 percent as hedge funds boost their net long position to a 14-week high. Swiss exports of gold to the U.S. hit another high in May to 126.6 tons. ETFs added 27,739 troy ounces of gold to their...

The gold futures contract gained 0.88% on Tuesday, as it further extended its last Friday’s advance. The market got closer to $1,800 mark. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the...

After the recent COVID-19 virus event and the global market concerns that will warrant caution for skilled traders and investors, the US stock markets have entered an upside parabolic trend that will likely end with a massive price collapse – extremely volatile and...

The current phase of the gold bull market, which started last year, is – we believe – the third and final wave of the secular bull run tracking back to 2001.