Gold Editorials & Commentary

It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to come. When you are talking about the macro however, things move slowly and to date, only one of our riders has made it to his destination.

Our proprietary cycle indicator is up. Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.

The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive...

Here are today's videos and charts.

The demand for gold is increasing, yet new discoveries of the precious metal have not kept pace with the demand. Funds for exploration are historically high, $54.3 billion, up 60 percent over the past 18 years.

A sideways correction lasting a year and a half certainly does a lot to sour investors on a market.  And, even though we have not dropped below 20 in GDX this entire time and the GLD has been consolidating just under its breakout region for months, the bearishness...

This first chart is a daily line chart for GLD which shows it has completed 5 reversal points so far and is working on the all-important 6th reversal point back up to the top rail. This is where the bulls need to step up to the plate.

For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they’re about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are...

Is gold headed below $1000?  I doubt it. Like every other bullion investor who has tired of watching gold’s price meander sideways for nearly six years, I’ve grown increasingly disappointed and frustrated.

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.

The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April’s 89.23 low could turn out to be a very important one. Notice as well that the dollar’s romp has exceeded numerous prior peaks, including no fewer than one ‘...

Gold was up half a percent year-to-date through last Friday. This doesn’t sound very exciting, but over the same period, the S&P 500 Index was in the red—the first time in nearly a decade that stocks have been negative for the year through the beginning of May....

Normally, I don’t step out and make such bold statements as gold mining supply IS collapsing, however, in this case it seems appropriate. We have reported on several occasions just in the past week, here, here and here how some of the largest mining companies in the...

Last week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail.

Gold now has limited downside (20%) but substantial upside (650%). Gains on gold are likely to come at a time when stocks are crashing. Investors and savers without an allocation to gold will be wiped out. Time to consider saving in physical gold? 

How do you know when to underweight or overweight gold or silver? Mike Matousek, head trader at U.S. Global Investors, explains how he looks at the gold and silver price ratio to determine the opportune time to adjust weightings. Mike also explains silver’s seasonal...

The Gold Report: Frank, thank you for joining us today. Let's talk about the commodity super-cycle. Would you explain what the super-cycle is? Frank Holmes: There's lots of research on the super-cycle; new research came out around five years ago that found evidence...

This is the important weekly gold chart. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern.  That has been forming for about five years. Note the enormous increase in trading volume over the past two years.  This is extremely...

As the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver.  While one of the reasons to own precious...

About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the...

Call it the news of the year, perhaps even of the decade. For the first time since the Korean Peninsula was divided in 1948, leaders of the two warring nations met in what had the look and feel of a jovial reconciliation between two estranged family members.

The gold to silver ratio moved to 20-year extreme and it’s now moving lower, so the top is in and now we’re going to see a move back to historical norms well below 30 (there are different ways to measure it). The implications are that silver will now outperform gold...

The US economic expansion that began in mid-2009 has been much weaker than average, but, as indicated by the chart displayed below, it is also much longer than average. In fact, it is simultaneously the weakest and the second-longest expansion on record.

The hot topic in monetary economics today (hah, if it’s not an oxymoron to say these terms together!) is whither interest rates. The Fed in its recent statement said the risk is balanced (the debunked notion of a tradeoff between unemployment and rising consumer...

The best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders...

Well, everyone else has been calling for a market crash, so I thought maybe I should too. But, while I think the market will likely crash again, I don’t think it is going to happen just yet, as I still believe this bull market has several more years to run.

The switch from Central bank gold sales to purchases had a big impact on the gold market.  Precious metals investors fail to realize that Central banks sold a staggering amount of gold into the market up until 2009.  It’s also quite interesting that Central banks...

The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish.

SPX is approaching the end of its correction which is deemed to be in about two weeks. There are two possible targets for the final low: one which would slightly exceed the former low of 1553, and the other which would find support at a higher level.

Gold in US dollar terms ended the week down 0.75%. Gold’s decline was likely primarily due to a stronger US Dollar Index (USDX) which was up 1.1%. Gold rose after the worse than expected non farm payrolls on Friday before reversing the gains and then bouncign to...