Gold Editorials & Commentary

The velocity of money is like blood pressure. If it is too high or too low, it can be fatal. Too high indicates inflationary pressures are building and/or the presence of speculative bubbles. If too low, deflationary pressures are growing, presaging a dangerous...

We all love to look at stars in our life, whether in films or in sports.  This may be an innate sense of hero/heroine worship.  In the bible, we learn that the wise men and astrologists from the East looked at the stars in the sky to search for the Savior.

The recent “melt-up” in the US stock market after a moderate downside price move in early May 2020 has set up a number of technical patterns that traders need to pay attention to.  This melt-up trend may continue for a bit longer, but price levels and actions are...

The precious metals sector was likely to decline, and it did exactly that. And based on what we just saw, it’s likely to decline even more.

With the nation in deep crisis, stocks continued on their heedless path higher. The seemingly demented rally is demonstrating yet again that bull markets at some point decouple so completely from reality as to mock those who thrive by promoting them.

They say, step aside so as to see the forest for the trees. And exactly the same thing can be said about higher time frames or historical parallels. With that in mind, how is the 2020 to 2008 analogy in the yellow metal doing?

A year ago, gold stock investors had to choose their stocks carefully.  In contrast, now it’s hard to find a gold stock that isn’t roaring higher!

One look at the chart of the U.S. financial markets against the backdrop of economic paralysis and suffering and one is immediately filled with a myriad of emotions. Sympathy for those that have been afflicted by the most recent pandemic; fear for the families whose...

The gold futurs contract lost 0.08% on Monday, as it fluctuated following Friday’s advance of 1.35%. Early last week it has been extending a consolidation after bouncing off $1,700 support level on Wednesday. Gold price is still trading within its medium-term...

Protests egged on by the legacy media quickly devolved into large-scale riots and looting over the weekend in more than a dozen U.S. cities. Some important institutions have betrayed the public trust, and Americans facing quarantine and staggering unemployment have...

There is a laser-precision technique that tells us whether the precious metals market is going to move higher or lower, and it could take form of a confirmation or invalidation of a major breakout. We just had the make-or-break situation in gold mining stocks, and...

In this article we present our further study of current Covid-19 virus triggered crisis and make comparison to the 1929 Great Depression crisis. The two key markers leading to financial crisis are: Social injustice, including the gulf between the rich and the poor,...

Large precious metals speculators cut back on 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.

Gold saw its high for last week made in Tuesday's session, here doing so with the tag of the 1759.80 figure. From there, a sharp decline was seen into a Wednesday low of 1701.60 - before seeing a sharp rally to end the week. Note: we now move to the August, 2020...

Precious metals are loving the uncertainty the coronavirus has created. Despite limited successes some countries have had with reopening, the virus is nowhere near contained. As of this writing, close to 6 million worldwide are infected and 365,328 have died. The...

Since mid of March at the panic lows and prices around US$1,450 Gold posted a massive rally reaching US$1,765 just 10 days ago. Anybody who missed this rally might now be under stress since governments and central bankers are doing everything to destroy the...

Gold just wrapped up its fifth trading month of 2020 in settling yesterday (Friday) at 1743, which by the "incoming" premium-heavy August contract was a weekly loss of 11 points and by the "outgoing" June contract was a loss of 4 points.

Gold is original money. As such, it is the measure of value for everything else. Gold was money before the US dollar and other paper currencies. All paper currencies are substitutes for gold, i.e., real money.

An article from Bloomberg was published 2 days ago which alleged that “New York Gold Traders Drown in Glut…”  The Comex is now reporting there’s 26 million ozs of gold in Comex vaults, 17 million of which is in the “eligible” account.  This is up from 9 million...

Throughout our history there are financial storms.  There are booms and busts with basic human greed and fear.  In this article we focus on the current storm situation, triggered by the global Convid-19 virus pandemic. Today the situation gets worsen by the...

Our proprietary cycle indicator is down. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is down, a multi week correction is in progress.

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

During Great Recession, many people feared that the Quantitative Easing would trigger high inflation, or even hyoerinflation. As we know, it didn't happen. Why? Well, the main reason is that the Fed created money – that's true – but in the form of bank reserves.

For those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader.  So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series...

M2 Velocity is the measurement of capital circulating within the economy.  The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth.  When M2 Velocity...

From Investopedia: “Correlation is a statistic that measures the degree to which two variables move in relation to each other. Correlation measures association, but doesn’t show if x causes y or vice versa, or if the association is caused by a third–perhaps unseen–...

The key technical development of this week in the precious metals market is HUI’s invalidation of the breakout above the 2016 highs. It will be particularly interesting to see where it closes the week, as an invalidation in weekly closing terms will be a crystal-...

A lot happened over the last few days. Let’s start with the analysis of fresh economic data. First, the initial jobless claims came in at 2.4 million in the week from May 9 to May 16, as the chart below shows. While the number of Americans who applied for the...

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in...