Gold Editorials & Commentary

After gold’s losses of the past couple of weeks there is increasing talk about its bullmarket being finally over. In this update we will use long-term charts to determine whether these claims have any substance.

In tonight's report I would like to show you some charts from different areas of the markets that might shed some light on what is happening with the precious metals complex.

Silver has been selling off relentlessly since the Federal Reserve expanded its third quantitative-easing campaign last week. As that decision was highly inflationary, silver's subsequent weakness has really vexed traders.

Let's take a historical look at daily volatility in the old monetary metals from the early days of the 1969-80 bull market to the present.

Silver has been selling off relentlessly since the Federal Reserve expanded its third quantitative-easing campaign last week. As that decision was highly inflationary, silver's subsequent weakness has really vexed traders.

Let's take a historical look at daily volatility in the old monetary metals from the early days of the 1969-80 bull market to the present.

Let's take a historical look at daily volatility in the old monetary metals from the early days of the 1969-80 bull market to the present.

It seemed sufficiently important to draw your attention to the chart below:

Eventually all paper money returns to its intrinsic value - worthless. -- Voltaire

Wednesday Report I'm going to show you a lot of charts of which some are positive and some negative. Today was a day where a lot of investors felt compelled to buy strictly out of emotional reasons.

GLD - on sell signal.

Question: When is an unprecedented economic event tantamount to a non-event? Answer: When another Fed intervention is announced.

Although you wouldn't know it from listening to all the bearish commentary out there, silver is actually enjoying a strong young upleg. Its technicals are very bullish, contradicting the prevailing pessimism gripping traders.

Summary and Conclusion

Yesterday's price action was very bearish yet again and we are patiently waiting for a counter trend pullback to happen.

According to a recent comment by a well-respected analyst, one of the problems with using gold as money is that the supply of gold could experience large swings due to changes in mine production. The ignorance reflected by this comment is simply breathtaking.

Stocks remained buoyant this week as the market believes the Fed will remain accommodative in view of the latest drop in U.S. unemployment numbers.

Sometimes a very simple picture can replace 1000 words, so as such, this brief update will illustrate what is driving the market.

We had a great week with markets consolidating recent gains and setting up for higher prices this coming week by the looks of things.

GLD - new sell signal this week.

With the rancorous fiscal-cliff negotiations dominating newsflow, the markets are rightfully on edge. Will a deal be reached as time relentlessly dwindles, or not?

Turn on the TV and this is what you'll hear: The US budget is heading for a fiscal cliff. If a deal isn't reaching in Congress by the end of this year, a combination of automatic tax hikes and budget cuts will sink America into economic depression.

Gold took a double hit recently based partly on a news item from the rumor mill that a large fund in Asia was selling to "run the stops."

For all of the Big Bad Wolf's huffing and puffing for the past few months, gold and silver are holding on. Let's look at gold and silver's step sum charts to see how the metals are currently doing. Gold looks good, not great, but good; which is good for us.

"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands for it now, deserves the love and thanks of every man and woman." --Thomas Payne

The chart displayed below was taken from a recent article at The Daily Reckoning and shows the median gold price forecasts of analysts monitored by Bloomberg.

We don't hear much about gold and silver anymore on the news. This time last year you could not go 5 minutes without a TV or radio station talking about them. Why is this?

GLD - on buy signal.

There are some very respected technical analysts who are calling for an exploding gold price and there are also a few respected technical analysts who disagree with that view.

In order to satiate the world's growing hunger for silver, a lot of pressure has been placed on its supply chain.