Gold Editorials & Commentary

Photographic demand for silver has fallen 70% from its peak. What could possibly fill that gap...?

The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma.  This is a rare event indeed as even the 2008 violent panic crash produced a low around 48% below the 200dma at that time.  This current crash on the Australian X

Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength of demand in the East.

[ed: 'Risk Off' might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators – including a sentiment extreme exactly opposite to the contrarian bullish extreme of 1 year ago – flashed warnin

My father as a child in England in the 1920 and 30s said his heart would burst with pride at school seeing a map of the world one quarter red with the British Empire.  His feet were wet and cold as his only shoes were worn out.  His was the common experience as

Legendary businessman Steve Forbes once said, “Everyone is a disciplined, long-term investor until the market goes down.” It’s challenging to have the fortitude to hold on to investments during a one-day carnage event like last Thursday.

Wednesday June 19th, the bond and stock markets had a bad day.  We saw more of the same on Thursday; only worse.  Doctor Bernanke testified before Congress that he was going to begin “tapering” his current Quantitative Easing’s monthly quota of “monetizing” $85

Well, well.  What a pounding the metals took this week.  It’s no fun to grasp at hopes and dreams while your assets tumble to the weeds.

As usual the Federal Reserve media reaction machine has fallen for a poorly executed head fake. It has fallen for this move many times in the past, and for its efforts, it has tackled nothing but air. Yet right on cue, it took the bait once more.

Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect.  So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most.

Winston Churchill is famously known for having said, "The further back you look, the further ahead you can see,"  and indeed, historical precedent is one of the few tools we have at our disposal when studying major market trends, and i

In last week’s column I showed charts of how the market has alternated between significant bull and bear markets since the top in 2000, and how Warren Buffett has been right so far in his prediction in November, 1999 that, “Over the next 17 years equities w

Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position.

After the October 2012 top, gold has been in decline for nearly nine months, and this week it dropped to another low that has the radio/TV gold hucksters changing their tune from "buy gold because it's going higher" to "look how cheap gold is, buy on the dip".

In April the gold price buckled and fell $330, $200 of which took only two days. It was a well-engineered bear raid, initiated by over 400 tonnes of ‘short’ positions on the COMEX futures and options market.

Even before this week’s latest Fed-tapering scare, gold stocks remained firmly entrenched as the most-hated sector in all the markets.  They are as deeply out of favor as they’ve been in their entire dozen-year secular bull, hyper-oversold and radicall

Sometimes words speak louder than actions.  That has certainly been the case lately with the Fed hinting that it may taper off asset purchases by the end of this year.   

I first warned my clients about this in mid-May writing,

As we see gold and silver prices plunge lower (again) today; it becomes an especially good idea to step back, and look at the Big Picture of these markets. Why? Because nothing happened today.

Indubitably the future  price of gold will rise in all currencies, but the increased Yen value will leave other currency gold prices in the dust.

Here's why!

I’m getting a lot of emails to do more macro analysis of the gold market, and the time is ripe to do so.

It seems that every year a new word or term or acronym becomes a prominent part of the financial world's lexicon.

The silver to gold ratio (SGR) reached a new high of the move last Monday (June 10th) of 66.23 ounces of silver to one ounce of gold.  This is a huge retracement from its low of 32.00 to an ounce of gold on 25 April 2011.  Today, an ounce of gold can purchase t

A Hard Look in the Mirror

In wading through the mainstream drivel written on the gold and silver markets; it becomes increasingly difficult to reply to such material without the word “desperation” creeping in again and again.