Gold Editorials & Commentary

This article was originally published on Sun Feb 3 for members of ElliottWaveTrader:  Extremes are the hallmark of the metals market. And those that handle the extremes best are usually the ones who do best in the metals market.

Here is my Chart of the Day Friday summary (just 4 again this week!) covering markets, technicals, sectors and stocks I am interested in. You can find these on Linkedin too, so please connect with me there for daily content updates. You can click on each chart title...

He who controls the gold makes the rules. That old adage applies aptly to the present crisis in Venezuela. An international battle for control of Venezuela’s gold is currently underway. At stake is the country’s political future – and with it, the global market for...

Whenever the next recession does arrive, what we know today is that it is unlikely to be a "normal" recession, by the standards of what most people have experienced in their lifetimes.

The major economies have slowed suddenly in the last two or three months, prompting a change of tack in the monetary policies of central banks. The same old tired, failing inflationist responses are being lined up, despite the evidence that monetary easing has never...

The new Alchemist is out. What can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!

It has been a few weeks since we focused on palladium... and the last three weeks have been eventful for our new friend. He's been punched lower, but has crawled up off the mat each time. And now he appears ready to make another batch of new all-time highs.

Gold has delivered positive returns over the long run, outperforming key asset classes.

The Technical Traders Ltd. research team has been on top of nearly every move in the metals markets over the past 12+ months.  On February 1, we posted this article: Get Ready For The Next Big Upside Leg In Metals/Miners .  In this post, we suggested that the recent...

Happy Year of the Pig! This week marks the start of China’s Spring Festival, during which an estimated 3 billion trips will be made using the country’s massive transportation network of roads and rail. That figure is a slight rise from the same period last year,...

The combination of reversals that we are approaching is truly exceptional. Four different markets, many different lines and they all point to the same time-frame in which we should see a reversal of a huge importance. It seems that the markets almost can’t wait. Are...

On Thursday, the ECB held its monetary policy meeting. It left the policy on hold. The bank also maintained its forward guidance about the future path of interest rates unchanged (they are expected to “remain at their present levels at least through the summer of...

What a deal! Newmont Mining will buy rival Goldcorp, creating the world’s largest gold miner. What does it mean for the gold market?

The economic development of China is one of the most important events in the history of the world. In an unprecedentedly short time, millions of people have been taken out from poverty. But, as no country has ever developed so fast, that great story raises important...

We will see a recession and a rally in gold in 2019 or 2020. True or false? We invite you to read our today’s article about ‘recession in 2020’ narrative and find out what it all means for the gold market.

Price inflation has been badly misrepresented by CPI figures and have been averaging closer to about 8% annually since gold topped in Sept 2011. Since then the purchasing power of the dollar has declined by about 43%, so that in 2011 dollars the gold price is $740....

Last week’s data showing a drop in Italian GDP in Q4 of last year confirmed what many observers had already suspected: Italy is in recession. Or rather, in another recession, for this follows similar phases in 2008, 2011 and 2012.

Here is a single chart that proves how completely the Fed’s end-game for its recovery failed, which means the fake recovery, itself, is failing. It’s not hard to figure out what happened here.

Gold price sales offer opportunity but patience is required. I like to see a market swoon of at least $50/ounce before buying any fresh medium-term gold or related positions.

Gold is moving closer to confirming a multi-year bull market per my long-term comparison. A decisive move higher than the $1375 area would be confirmation of this bull. Below, is the updated long-term comparison:

Something big is happening in the gold market right now, and nowhere is that more apparent than in central banks of emerging economies. Last year was a watershed in the size of official gold purchases, as banks added an incredible 651.5 tonnes (worth some $27.7...

Get ready for a new era of precious metals investor.  That’s correct.  Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits.  The Millennials, or those in the 23-38...

On January 6, we wrote the Surest Way to Overthrow Capitalism. We said: “In a future article, we will expand on why these two statements are true principles: (1) there is no way a central planner could set the right rate, even if he knew and (2) only a free market...

The best performing metal this week was gold, up 1.11 percent. Gold traders were bullish on the outlook for a 12th straight week and the most bullish in five weeks, according to the weekly Bloomberg survey. The yellow metal is up more than 2 percent for the year and...

HUI, the Gold Bugs Index, is close to triggering its first buy signal on the weekly chart in more than two years.  The first proved to be a dud, and it sent this popular trading vehicle into a ratcheting downtrend that would have driven most bulls to the edge of...

First we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established. Today, people are all too quick to refer to almost every move higher as a breakout. Just google “Gold Breakout” and you’ll...

7. Diversify, diversify, diversify – Truly balance your savings and investments. 6. Avoid leverage and speculation and focus on saving and owning quality assets. 5. Don’t make money the guiding principle for what you have or do.

The Fed didn’t just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use...

We can categorize the decline from 2941 to 2346 as having taken place in two phases, with the first ending at 2682 and the second one starting from 2800 and concluding at 2346. The rally from the low was initially labeled as a countertrend rally with two potential...

Now before all y'all get yer boxers in a bunch over "How can you say 'Ordinary' when the likes of Franco-Nevada gained 10.6% for January?", remember: here at The Gold Update we tell it like it is.