Gold Editorials & Commentary

In mid-January, 2020, COMEX open interest (OI) set a new record of nearly 800,000 contracts. Swap dealers as usual supplied the market by going short 205,679 contracts on January 14, also a record. They probably expected to reduce their risk by purchasing physical...

Over the past 30+ days, our researchers have been warning our friends and followers to stay cautious and to consider the risks within this market trend.  Certainly, we've received some emails and contact from some people suggesting we missed this move over the past...

The US Dollar index is not a true measure of value of the US dollar. It just tracks an “exchange rate” between the US dollar and a basket of significant fiat currencies.

Gold often has a “bad hair day” on Tuesdays, but today (so far) the price action is decent. Is the sideways drift in the gold price coming to an end, or is there more churning ahead as the summer begins?

Rarely do you enter a market environment when the fear is as palpable as it was in the middle of March of this year. The world was coming to an end based upon most of what I was reading. And, as we were approaching the market lows (and even all throughout the 45%+...

The recent job report is not reliable, but it shows recovery in the US labor market. The situation is still bad, but optimism could triumph for now, which is bad for gold. 

The gold futures contract gained 1.31% on Monday, as it retraced some of its last week’s Friday’s decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week...

The Precious Metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to “risk on” as a result of ongoing massive money injection by the Fed coupled...

The sad truth is that few people really know very much about gold, especially when it comes to investing in the metal. They don’t understand what makes it so valuable and unique, and they know even less what moves its price. Since I don’t want to spend an hour on...

In the first part of this research article, we attempted to highlight how the huge jobs number shocked the market into a big upside price move on Friday, June 5, 2020, and how the underlying data continues to suggest we have quite a bit of work to do before the US...

The Huge Non-Farm Payroll number released on Friday, June 5th, shocked the market.  A massive 2.5 million jobs were created in May 2020.  If you were paying attention to the data, you'll also understand that 1.87 million new jobless claims just last week.  In fact,...

The most recent U.S. jobs report, which I believes is bound for revision, has me musing on how economic policies are reflected—or distorted—in the precious metals markets.

The gold futures contract lost 2.57% on Friday following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday’s...

“To propose a return of inflation is to be inflammatory,” writes Lightman Investment Management’s Rob Burnett in an opinion piece for the Financial Times.  “Investors are committed to a deflationary thesis — and such is their fervor that many believe inflation...

Large precious metals speculators once again reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Last week's trading saw gold forming its high in Monday's session, here doing so with the tag of the 1761.00 figure. From there, a sharp decline was seen into late-week, with the metal dropping all the way down to a Friday low of 1671.70 - before bouncing slightly...

Last Monday's mail bag brought with it the following question from an esteemed member of our Investors Roundtable with respect to Gold, especially given the recent leveraged strength amongst leading precious metals equities as we'd portrayed a week ago: "Mark, is...

In this article we will study the streaming company of precious metals as compared to the mining company.  These two classes of mining companies have a different approach to the business model.  The streaming company can be liken to a bank investing in mining...

Gold sector cycle is down, a multi week correction is in progress. We cashed out on half of our core position with a 77% gain, holding remaining for the long term, and will allocate more capital at the next cycle bottom.

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

A violent and chaotic week in America’s cities was met with little apparent concern on Wall Street.  For the most part, the stock market continued on its merry way higher.

The gold miners’ stocks just rolled over into a correction, raising concerns about the staying power of their massive post-panic upleg.  These higher prevailing gold prices have driven very-strong fundamentals at the gold miners.  But they are entering the...

This article is for investors who already own a gold/silver mining stock and are considering adding more. Or, perhaps a savvy investor who is comfortable with risk tolerance and has a general understanding of the gold/silver mining sector.

There are days and weeks, when one precious metals sector leads the other, or lags behind. In fact, such clues can and do form valuable gold trading tips. What messages have palladium and platinum been sending our way exactly?

As Great Lockdown was positive for the gold prices, the Great Unlock will be bad, right? We invite you to read our today’s article about the Great Unlock and find out whether it really must be negative for the gold prices.

I am going to describe something that, upfront, I know you will likely find far-fetched and will have trouble believing, even after you think it through. Nonetheless, I respectfully request that you persist in trying to grasp what I’m about to describe because if...

Gold and Silver moved lower early on June 2nd and 3rd.  Our research team believes this is a “Washout Low” price rotation following a technical pattern that will prompt a much higher rally in precious metals.  This type of washout price rotation is fairly common...

While the use of gold to protect against inflation is well known, it has other investment attributes that are potentially even more valuable, and this is particularly true in times of crisis.

Could 2020 end, please? The pandemic is not over and the US suffers now from mass riots across the country. They could aggravate the coronavirus crisis and increase the demand for gold.