Gold Editorials & Commentary

I recently discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets.

This week I was presented with a two graphs showing Gold and Gold Stocks diverging.  JR pointed out that this signals a trend change which holds true as far back as 1999 and charts are simply better at calling correct moves than most analysts.

The average SILVER correction since this bull market started was 44%. Moreover, some down-side pressure may persist for a while. Furthermore, it is to be noted that after the price of silver dropped 57% in 2008, it surged 441% over the next three years. Silver is...

When Obama first entered the White House four years ago, CinC was at $881 billion dollars.  Today it is approaching $1,200 billion dollars, an increase of 35%.  This is just for the number of paper dollars and pocket change circulating in the global economy.  The...

When the markets “speak,” we “listen.”  For all of the non-stop bullish “news” about the unprecedented demand, more for gold than silver, and all of the talk about how useless the COMEX paper market is, it has been the paper market that the forces of supply and...

Last week TLT, our bond market surrogate, made a new low, then bounced up to the resistance of the declining tops line drawn from the May top. It turned down on Wednesday, we thought beginning a move to test the recent low, but today TLT didn't bother to retest the...

USD – on major buy signal since Nov 2011, and until that changes, the mighty dollar is the preferred currency over gold.

As a general rule, the most successful man in life is the man who has the best information

Friday’s report that 195,000 new jobs were created in June was much better than the consensus forecast for 155,000, as were the upward revisions of previous reports for April and May.

US T-Bond Breakdown Chart

Are falling commodity prices warning us of deflation? And is the fall in the gold and silver prices and lumber price a frontrunner for the fall of the SPX?

It is amazing to me that investors believe there is no inflation or risk of energy price spikes as the Middle East deals with geopolitical turmoil and Civil War. That complacent mindset may be changing rapidly.

As gold has plunged in the past couple months, yields on benchmark US 10-year Treasury Notes have soared.  Many Wall Street analysts claim these rising long rates are very bearish for gold, and have exacerbated its recent weakness.  Since the metal yields nothing,...

The volume activity recently caught our eye in the Canadian dollar and prompted a closer look. Our position is that by following the developing market activity, across a series of time frames, a story about a potential trade should emerge.

The DOLLAR PRICE of gold dropped $20 per ounce lunchtime Friday in London, briefly dropping through $1220 per ounce after the release of June's US non-farm payrolls data.

Non-farm payrolls growth came in at 195,000 against consensus forecasts of 165,000.

Despite the lack of trading activity in the United States due to the Independence Day celebrations, yesterday’s session in Europe was very interesting. The players on the foreign exchange market have provided plenty of thrills.

Gold is not bottoming now. Gold bottomed in 1999 at $253.20.                                                    

During a time of intense fear and volatility in the precious metals and mining space, Sprott Asset Management’s Rick Rule was kind enough to share insight on where he sees the markets moving next, and how investors can make money during these periods.

“I see in the near future a crisis approaching. It unnerves me and causes me to tremble for the safety of my country. The money powers preys upon the nation in times of peace and conspires against it in times of adversity.

The Dow, in particular, has been the biggest obstacle to a rise in precious metals, due to it sucking up most of the available value on global markets. However, it appears that this obstacle is now out of the way, with the Dow likely having peaked.

We are leading off with a discussion of gold mining stocks because the recent price action has created a situation that can now aptly be described as unprecedented. A consequence is that there has NEVER been a better time to buy gold mining stocks.

Since the stock market’s high of late May, deflation has begun to creep into the market’s valuations as is obvious when we look at the NYSE’s 52Wk Highs and Lows.  From May 28th to June 24th, the NYSE 52Wk High – 52Wk Low ratio declined from +15

JP Morgan just issued a key report, urging institutional investors to buy commodities (and protect those new positions with put options). They note that crude oil has not confirmed the declines seen in most other commodities, and that’s important.

On May 3, the bond market fired the proverbial “shot heard ‘round the world.”  Treasury yields began a two-month climb to levels not seen in almost two years.  Many analysts proclaimed the end of the 30+ year interest rate decline.   The true significance in the...

In light of the dramatic developments of the past six months, this letter addresses seven key investor concerns: What is happening to gold? In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid...

As they say on Wall Street, “They don’t ring bells at the top” and for sure they usually don’t give you a phone call at the bottom either.  Many heads have rolled trying to call this recent near 2 year downdraft in Gold in terms of bottom callers, me included. 

As the rampant criminality in bullion markets becomes more and more apparent (even to outside observers); we get

The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles: