Gold Editorials & Commentary

Technical Analysis of The Markets Via Videos.

James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years.

Gold is in the final phase of the baby bull rally. This is the stage that causes maximum pain for shorts that were unable to recognize that the bear market is over, or tried to sell short (I warned and warned traders not to short a baby bull).

The recent FOMC statement did not surprise the markets. On the contrary, the Bank of Japan dashed the investors’ hopes and decided to maintain the key policy rate steady while keeping the monetary base expansion at 80 trillion yen annually. The BOJ also pushed back...

In today’s musing I review the history of gold, silver and fiat currency as money in the United States of America. I document how various wars, panics and depressions, Congressional acts, and executive orders have affected the US dollar prices of precious metals and...

As expected, the Fed kept interest rates unchanged at between 0.25 and 0.50 percent (interestingly, Kansas City Fed President Esther George dissented for a second meeting in a row). The main reason for such a decision was the low inflation rate, as labor market...

For thousands of years, gold has been used as money, a store of wealth, fought over and sought after. Over the last 45 years, Western populations have had a mixed impression of gold. A minority of the population understands that gold is a monetary asset that should...

Below is a two-year daily chart for the HUI which I first showed you when it broke above the double bottom hump to start its bull market. I call this chart the Reverse Symmetry chart as shown by the red arrows. How a stock comes down, especially in a strong move,...

As we move through 2016, the Horsemen of the geopolitical, economic and social apocalypse are on the march. China burns through its currency reserves as billions in yuan flee the mainland for safe harbor. Japan prints mountains of yen debt in an effort to create...

We are still not convinced that Gold is fully out of the woods. Peter Schiff is busy telling everyone that it was a bad idea to have sold Gold in 2011, we beg to differ for the trend indicates otherwise. Furthermore, so does the price of Gold.

First it was the banks reporting horrendous numbers - largely, we were told, because of their exposure to recently-cratered energy companies. Now it's Big Tech, which is a much harder thing to explain. The FAANGs (Facebook, Apple, Amazon, Netflix and Google) own...

Futures are looking weak again. Traders gunned for 2100 on the S&P500 last week. They briefly touched that level, but there was no follow through for the obvious reason: no one with a brain believes this rally.

Is gold, often scoffed at as being an unproductive asset, more productive than cash? If so, what does it mean for asset allocation?

Gold still moves within its sideways channel between $1,225 and $1,262. Since mid of February this sideways consolidation has been doing anything but to confuse market participants. I am not sure how much longer this will continue but experience tells me that before...

While the GDX did not strike its upside resistance, it may have come close enough to consider it having topped. The question now is how do we view the coming “correction.”

The Fed is expected to leave interest rates unchanged. The market probability of a rate hike this month is literally zero, according to the CME’s FedWatch tool. This is why the U.S. central bank is unlikely to raise interest rates in April. The Fed definitely does...

All institutional analyst eyes are on this week’s central bank announcements from Japan and America. Most gold community analysts seem to have a difficult time grasping the idea that Japan’s fiat currency is viewed by top FOREX money managers as a safe haven,...

Gold was lower in the overnight session reaching 1232.90 in the overnight session…at the time that this Post was being written. No changes to our current thinking:

It was no fun investing in precious metals for most of 2011-2015, but the past few months have sure been a blast for buy-and-hold investors. Silver prices are up 22.5% year to date, and gold isn’t far behind.

For the last year or more, not an elephant, not a gorilla, but a dragon has been found at the dinner table. Its breath has just made everybody at the table totally bald with some scorched red faces. Now all are looking at each other, wondering who will first mention...

What is the velocity of money? It refers to how fast money passes from one holder to the next and is commonly defined as the rate at which money is exchanged from one transaction to another. Simply put, the velocity of money is the number of times one dollar is...

The "big story" circulating around the blogosphere yesterday and last evening was a paper authored by Pimco' s "strategist" Harley Bassman that essentially opined that "the Fed should unleash a massive Fed gold purchase program that could echo a Depression-era...

Precious metals have posted their best quarter in nearly 30 years and mining stocks are soaring from oversold multi-year lows. Those that were willing to buy when everyone else was selling have been handsomely rewarded in 2016. But we believe the gains are just...

The best performing precious metal for the week was palladium, up 5.99 percent. Although gold consolidated this week, platinum group metals (PGMs) continued to climb. Gold advanced early in the week as turmoil across oil markets increased demand for a safe haven,...

I want to begin with a quote from a recent Cornerstone Macro report that succinctly summarizes the research firm’s view on growth prospects in emerging markets, China specifically. Emphasis is my own:

The gold bullion or “hidden gold mine” of various nation’s gold reserves stored in the vaults beneath the Bank of England have been covered by the BBC:

Gold miners, because the number of discoveries was falling and existing deposits were being quickly depleted, have had to diversify away from the traditional geo-politically safe gold producing countries, ie Canada, the U.S. and Mexico. The move out of these “safe...

NOT time to panic, YET…but time to be on your guard. Many analysts claim that if you decide that a security is not a BUY, then it must be a SELL. There is, of course, a great space between these two conditions. That space is occupied by the HOLD. This is one of...

Now that the objective of the rally’s extension has essentially been reached, the SPX should be ready to reverse. A correction starting from here would be expected to last until June. The amount of weakness which develops during this time frame should give us...

I intended to take a few weeks off. However, as the Dow Jones Index closed the week up only 1.69%, just three hundred points from making a new all-time high, I was motivated to make a few comments on the stock market.