Gold Editorials & Commentary

Before we graphically elaborate on this week’s double-entrendre Texas-speak title, let’s be up front as regards a mis-guided inference from a week ago.  Therein we wrote with respect to Fitch’s downgrading StateSide credit from AAA to AA+ that:  “…it remains to be...

This week the Dow Jones closed in scoring position, just barely. Not much to say about the stock market when the bulls are less than 5% away from making a new all-time high, and don’t seem motivated enough to make that happen.

Precious metals markets are ticking lower this week amid an ongoing summer lull in investor demand.

In theory, nothing changed for the precious metals market yesterday, but in reality, it was the opposite, thanks to the signs from the USDX and stocks. Let’s start with the latter.

Our proprietary cycle indicator is DOWN. Current data favors lower gold prices overall. Our ratio is on a sell signal. Trend is UP for USD. Trend is DOWN for gold stocks. Trend is DOWN for gold.

The big US stocks dominating markets and investors’ portfolios have surged dramatically higher in recent months.  That powerful run has fueled widespread greed and complacency, leaving universal bullishness in its wake.  This just-finishing Q2’23 earnings season...

Macroeconomic and geopolitical conditions have investors bewildered.  Events which are unfolding look like they may crush the valuations of several asset classes which had enriched investors over the past decade.

Here are today's videos and charts.

Many economic commentators view debt as a major risk factor as far as economic health is concerned. This way of thinking has its origins in the writings of Irving Fisher. According to Fisher, the high level of debt runs the risk of setting in motion deflation and,...

Chris Vermeulen, Chief Market Strategist at The Technical Traders, returns to the show, and we delve into the recent interest rate increase by Jerome Powell and its potential effects on the market.

While most Americans find it almost impossible to believe that we could ever live in a world where the dollar isn't filling its current role, many Germans hold a different view. As after the decline of the mark due to hyperinflation in the 1920's, the memory of that...

Jp Cortez, policy director of the Sound Money Defense League, joins Keith and Ben of The Gold Exchange Podcast to discuss sound money related legislative battles across the country in 2023, the constitutionality of money, and more.

A recent article (Credit Crunch: The Money Supply Has Shrunk For Eight Months In A Row) by Ryan McMaken of the Mises Institute explained clearly the historical significance of the contraction in the money supply that has occurred over the past eight months.

The technicals for precious metals were looking positive at the end of July, but since then, the bears have driven the sector lower as the US Dollar has rebounded. In stepping away from the short-term, we see that the secular trend has yet to change. 

The middle class in all developed economies is disappearing through a constant process of erosion of its capacity to climb the social ladder. This is happening in the middle of massive so-called stimulus plans, large entitlement programs, endless deficit spending,...

Another day, another decline in the junior miners. That’s the new reality. And with just a small push, the waterfall selling will start. Why? For instance, because of the head-and-shoulders pattern that is about to be completed.

Money supply growth fell again in June, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. June's drop continues a steep downward trend from the unprecedented highs experienced during much of the...

History records countless examples of currency debasement, i.e., the steady reduction in a money’s precious metal content or “backing” (principally gold or silver), followed in modern times by the introduction of fiat (unbacked) paper money, which then depreciates...

Matthew Piepenburg explains that building investor interest in gold is a subjective matter, as it relies on trust and a loss of faith in fiat currencies.

Joining us today is Thomas Parilla, president of Parilla Investment Group, and we discuss the intricacies of Jerome Powell's rate hikes and their impact on the economy.

Gold is money, and gold is a reserve currency for most central banks. Central banks continue to add gold to their reserves and the pace of their buying is clearly “peppy”. Silver should also be money, and technically it is, but it’s no longer a main central bank...

The best performing precious metal for the week was palladium, up 1.24%, as Nornickel reported that it expects to see a moderated palladium deficit in 2023. Gold edged up as Fitch Ratings’ move to strip the U.S. of its top-tier sovereign credit grade triggered risk-...

The gold market has gotten a nice little jolt since the US Federal Reserve’s recent decision to lift interest rates once again, now at their highest in 22 years.

Investors are thinking more than ever about risk these days, but their concerns have yet to translate into widespread action. Risk mitigation has been jobbed out to money managers. Most investors still dump money into financial accounts and hope for the best.

Gold and Silver are both trading between support and resistance. The weak price action since the tail end of July leads one to think there should be a downside bias. At the same time, there has been 10 consecutive weeks of outflows from Gold funds.

I recently blew the dust off an old Rudyard Kipling poem, “If,” which many have castigated as a bit overly romantic, despite its high praise from Mark Twain and T.S. Eliot to India’s Khushwant Singh.

Last week’s commentary said the first big correction of 2023 had a ways to go, and that is still the case. If there were any doubts about this, Apple’s swan dive Thursday on punk Q2 earnings released after the close should have dispelled them.

Returning to the show today is Dr. Marc Faber, and we discuss the impact of rising interest rates on different sectors of the economy and predict potential consequences for precious metals. He also touches upon the introduction of central bank digital currencies (...

A week has gone by since my last report, and I think it's time to take another look at the stock market. We've got four down days in a row and there is a four day rule that probably applies here. After a long intermediate degree move, four days in the opposite...

We’ll get underway with our title’s “uhhhh….” To which you wily readers weren’t surprised a wit this past Tuesday upon “Forever First Fitch” downgrading the credit rating of the dear ol’ USA from AAA to AA+.  For as herein penned 10 weeks ago (on 27 May):  “Rating...