Gold Editorials & Commentary

A mysterious "pledged gold" entry has just showed up on the Comex gold warehouse report. The definition of this new warehouse stock classification for gold is provided in Chapter 7 of the New York Mercantile Exchange rulebook.

When the GLD dropped down off the October 25th high in a 5-wave structure, this provided us with the warning that a deeper c-wave can take hold.  In fact, as we began the rally off that 5-wave decline, I began noting in our trading room that I was going to use GLD...

The gold price bottomed in late 2015 around $1,050 per ounce. It has since advanced to a high of $1,555 in early September, followed by a pullback to the current price of $1,470. Gold is in a well-defined uptrend channel with higher lows and recently higher highs....

By 08:00am EST spot gold edged up $3 to $1,468, while spot silver eked upward 3 cents to $17.01. Meanwhile, spot platinum creeped upward by nearly $2 to $876, as spot palladium bounced $7 to $1,725.

With the expected price pullback underway, what can we expect for the remainder of the month and into year-end? Will the price action continue to resemble 2010, or will it play out more like 2016 instead?

"People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong."—G. Edward Griffin, author of The Creature from Jekyll Island

President Roosevelt made owning gold for American citizens, with minor exceptions, illegal in 1933. See Executive Order # 6102. Begin the DOW to gold ratio analysis in 1933.

A World Debt Downgrade Warning (WDDW) has been issued by credit rating agency Moody’s due to deepening global geopolitical uncertainty and risks

Our summary of the current situation in the precious metals is not going to differ much from what we wrote yesterday, and the reason is simple. The decline in gold, silver, and miners is developing just as we’ve been expecting to. Most importantly, gold has just...

It doesn’t take much downside price action to make gold investors nervous, or much upside price action to make greed appear. It’s probably true that no fever is like gold feve

In the February edition of this newsletter, we ran an article under the headline:  Will 2019 be the year of the big breakout for gold? Though we would not characterize gold’s move to the upside so far this year as ‘the big breakout,’ 2019 has been the best year for...

The metals market is an extremely emotional one. The highs and lows you see with metals traders are evident at each of the extremes. I think we are now approaching another extreme.

Gold price falls to a three-month low as concentrated selling of COMEX gold futures contracts equal to over 3 million ounces are sold in 30 minutes

In Part I of this research post, we highlight how the ES and gold reacted 24+ months prior to the 2007-08 market peak and subsequent collapse in 2008-09.  The point we were trying to push out to our followers was that the current US stock market indexes are acting...

Gold and silver stocks have held up decently during the correction in precious metals, which is now in its 3rd month. However, as we mentioned last week, the bugaboo has been the relatively high net speculative position in gold, which has not changed much despite...

Recently, the WCG published a fresh Investment Update entitled It may be time to replace bonds with gold. Is it? According to the report, investors are now facing the environment with flat to inverted yield curves, stock valuations at extreme levels that...

Where will gold price be tomorrow, next week, next month, and next year? These are all questions that we are being asked on a regular basis. There are quite a few gold trading techniques that allow us to make predictions, but they often can be applied to only a...

Global central banks have been pumping the liquidity spigots 24/7 and the US Fed is starting to go that way as well. This during a time of supposed economic splendor and fruitfulness (it is these contradictions that are the windows into a ginned up, leveraged...

Let’s revisit a point that came up in passing, in the Silver Doctors’ interview of Keith. At around 35:45, he begins a question about weights and measures, and references the Coinage Act of 1792. This raises an interesting set of issues, and we have encountered much...

Financial advisers have not learnt from financial history or even learnt lessons from the near financial collapse ten years ago

In August 2007, a credit crunch swept global markets forcing central banks to provide billions in emergency liquidity to ensure markets remained functioning. Despite the emergency infusion, financial markets and investment banks collapsed one year later in the...

This current market environment is very reminiscent of the 2006-08 market environment where price rotated into weakness on technicals and continued to establish new all-time price highs in the process – creating what we are calling a “zombie-land melt-up”.

The best guesstimate is that SPX is in the process of creating an intermediate top, probably the B-wave of wave-4 of the bull market.  The only thing that would disprove this view is if market strength continued with IWM beginning to take the lead.

Since the most recent rate cut, we have seen the probability of further interest rates cuts by the US Federal Reserve swing from almost a 50% chance of further rate cuts in December, now to a 5.2% chance of further rate cuts from the Fed. Essentially the market is...

Gold and Mining stocks are inside a large degree Bull Market. Gold is destined to blow past its all-time high of 1,923.7 that was reached on September 6th, 2011.

"Where do you see Gold finishing the year?" Directed at yours truly came that question from across the square table at last Sunday's Investors Roundtable, the price of Gold then at 1517. The instinctive response with nary a thought (which is said to be the hallmark...

Nothing succeeds like success, so this week the Dow Jones made four new BEV Zeros. Wednesday was the odd man out, closing only $0.07 (seven pennies) from making a new all-time high. And how did the Dow Jones do for the week? It closed up 1.22% from last Friday’s...

A line chart can give you a different perspective vs a bar chart which is why I like to use them both to help uncover a potential pattern. Line charts can often times give you a quicker heads when a stock is breaking out.

Gold sector is on major buy signal. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is up. We are holding long term positions. 

It is my privilege now to welcome in David Jensen of Jensen Strategic and a highly studied mining analyst and precious metals expert with close to two decades of experience in the mining industry. And it's great to have him back on with us.