Gold Editorials & Commentary

After recently teasing another bottom, gold continues to be heavily weighed down by, as it were, two lead weights: the U.S. dollar and the Treasury bond yield. In today’s commentary, we’ll examine these prominent obstacles standing in the path of a gold relief rally...

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is up. COT data is now at levels of previous bottoms. From a contrarian point of view, the current extreme bearish sentiment is an excellent buying opportunity for long-term investors. ...

Back in mid-May, I wrote my first article for Sprott Money, entitled “Gold Preparing to Launch”, where I stated the following: “In summary, based on positioning, sentiment, technicals, inter-market analysis, Elliott Wave Theory and similar readings prior to previous...

Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum’s ™ limiter (the 100 month exponential moving average on the 30 year Treasury yield) and Amigos #1 (SPX/Gold) and #3 (the 10-2 yield curve)...

Some emerging markets, Argentina and Turkey in particular, deal with the economic crises, while their currencies are continuing their collapse. The Fed Chair, Jerome Powell, has recently said that “the role of U.S. monetary policy is often exaggerated”. On the other...

Gold continues to drift near summer-doldrums lows, feeding and intensifying bearish sentiment. But an exceedingly-bullish event just happened which will ignite a major new upleg. Speculators’ gold-futures short positions have soared near all-time record highs! That...

The case for China raising its gold holdings seems compelling. A potential trade war with the U.S. that threatens growth, simmering tensions on the Korean peninsula and this year’s slump in gold prices are reasons to buy. But People’s Bank of China data show the...

On July 18th, a South Korean company claimed to have found the wreck of a Russian warship holding $130 billion in gold. Shinil Marine said it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser sunk in 1905 after fighting Japanese warships off...

Although precious metals have not rebounded too strongly yet, the long awaited summer rally could be underway (at least in Gold). Gold is oversold and its sentiment is overly bearish. But it is holding important support in the low $1200s.

Silver And gold Are Partial Solutions Since Politicians Will Be No Help. I am a “Snowflake” and proud. You may sneer at us but I doubt you understand our perspective. I’ll educate you with the Snowflake Manifesto. First, as an American citizen, I have certain...

In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed or even a foreign central bank. In the very short term, a...

What comes to your mind when you hear about Auburn, Alabama? I guess nothing. But this is a mistake. There is a real treasure hidden there. Am I talking about gold?

While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline rate ever.  This is bad news for the U.S. shale industry as it must produce more and more oil each...

In their outlook for the second half of 2018, the World Gold Council have identified three key macro trends that will influence gold’s behaviour and should be positive:

At first sight, yesterday’s session was quite boring – gold ended the session practically unchanged while silver and mining stocks were only a little higher. The USD Index was practically unchanged. But just because nothing happened in the market in terms of the...

Two weeks ago, we demonstrated that the yuan-dollar exchange rate is now the primary driver of global gold prices. Today, we attempt to decipher some of the important implications of this phenomenon.

“When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people’s jobs and pensions and the livelihoods of individuals and families. It is an important consideration that people do not frequently think...

While gold and silver prices are collapsing since mid of June the Midas Touch Gold Model™ has been in neutral mode for the last two months already. This was a very important call to move to the sideline and watch what would enfold in the precious metals sector. In ...

Commodities, including gold and silver, have plunged to become so deeply oversold that a snapback rally looks likely soon. This could be sharp and could trigger a wave of short covering. Such a rally is likely to be sparked by a dollar reaction, as we will see, but...

In 2013 and 2014 I predicted the Fed would lead the ECB and the BOJ in a slow but steady reversal of central bank policy, from QE/low rates to QT and relentless rate hikes. Even more shockingly, I predicted this would create a money velocity bull cycle in most...

As governments around the world debase their currencies, you need an asset that can ride out the hard times. And nothing fits the bill like gold writes John Stepek of Money Week

Anticipate before you participate in the market. This is a classic piece of advice I like to give investors and have written about extensively in my CEO blog, Frank Talk. Financial markets are influenced by relatively predictable cycles and trading patterns, and by...

In Federal Reserve chair Jerome Powell’s testimony before Congress last week, he reiterated his intent to continue the central bank’s gradual rate-hiking campaign.

It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to...

Benjamin Franklin was purported to have said “that which hurts, also instructs.”  Yet, society, as a whole, has a very short memory.  Thus, lessons learned through the pain of generations gone by often are quickly forgotten.

The price of gold fell another ten bucks and that of silver another 28 cents. Perspective: if you’re waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the price of gold is a 7.2% discount to the...

The USD has had a bullish run out of it’s Intermediate and Yearly Cycle Low (YCL) in early February but it is now deep in my timing band to start seeking out its next 5-6 Month Intermediate Cycle Low (ICL). While I don’t want to overplay the negative correlation...

The big question I’ve been grappling with recently is the inflation or deflation theme. Last Friday’s price action felt like a counterpunch to the deflation scenario as the US dollar fell pretty hard and interest rate reversed. It was almost exactly a year ago...

Last week, SPX reached its ~2800 P&F target and started to form a short-term top. By Friday, the hourly indicators had given a sell signal and the daily had continued to increase their negative divergence pattern, suggesting that a short-term correction was...

To say that President Trump is a new breeze blowing out of the White House might seem as something everybody knows. The difference though, it would be an insult to liken him to a ‘breeze’; perhaps a tame tornado would be more apt. Although there are some observers...