Gold Editorials & Commentary

This will be brief, appropriate to the topic at hand. It consists of a quote from Milton Friedman found in Joseph Salerno’s outstanding book, Money: Sound and Unsound:

Gold and silver markets got off to a strong start in the first couple days of trading this year before running into some selling pressure on Thursday – only to bounce back again on Friday morning.

Gold started this year with a quick rally, but it was mostly erased. It’s still above its mid-2022 high, but will it stay there for much longer?

Here are today's videos and charts. 

The gold miners’ stocks entered this young new year strong, surging to a major upside breakout!  Their latest upleg already looks powerful technically, with an ideal setup to ultimately grow to huge proportions.  After bottoming at exceedingly-oversold stock-panic-...

In our last article, we noted that Gold is outperforming everything. It is trending higher and positioned above rising 200-day moving averages when charted against the stock market, bond market, commodities, and foreign currencies. Yesterday it closed at a fresh two...

By the beginning of the fourth century, the Roman Empire had become a completely different economic reality from what it had been at the beginning of the first century. The denarius argenteus, the empire’s monetary unit during the first two centuries, had virtually...

China has been accumulating a large amount of gold over the past decade, and according to many experts, far more gold than they publicly acknowledge.

Gold has staged an impressive recovery from its Q4 2022 lows of $1,615 per ounce: the precious metal is trading at $1,860, or 15.2% higher, as this article is going to press in early January.

If you want to understand modern CBDC, it may be worth considering the context of history, the philosophy of man, the math of debt and the geology of gold.

Every time gold stocks hiccup to the upside, there is a groundswell that emanates from the depths of disappointment and disillusionment.  Promoters use words like exhaustion and capitulation to describe the conditions surrounding what they refer to as “a major...

After the stock market euphoria of the past few years under the Federal Reserve's 0% interest rate policy, investors are again looking at gold and silver as stocks are down and the economy heads into recession.

The supply-side enthusiasts expect a renaissance in 2023. Are they right or wrong? While the Big Tech bloodbath continued on Jan. 3 and the USD Index soared, gold, silver and mining stocks continued their ascents. Moreover, despite a hawkish Fed, higher real yields...

In 2022 gold held its own while the rest of the investment universe was taken to the woodshed. So what will 2023 bring? Is gold setting the stage for a return to all-time highs at $2075 per ounce?

The USD Index is a key driver of gold prices (apart from real interest rates). How much strength has it shown recently? In yesterday’s analysis, I compared the current situation in the precious metals to the one in stocks that we saw last year. It appears that the...

Fed Chair Jerome Powell remains unimpressed with the reduction of the rate of inflation; down to 7.1% in November, from 9.1% June. The Summary of Economic Projections shows a desire of the Fed to increase their forecast for the Fed Funds Rate to 5% in 2023, up from...

The life of an entrepreneur is not what most people would call “normal”. I don’t refer to the guy who buys a fast-food franchise. Nor to the gal who builds a chain of hair salons. Nor to the folks who have law or accounting firms.

Among the top New Year’s resolutions investors can make is to pay less in taxes. Without doubt, taxes can be one of the biggest drains on realized investment returns.

For 2023, my suggested “average investor portfolio” is 40% gold (or 40% silver for silver bugs), 40% fiat, and 20% everything else. Aggressive investors will want more of the “everything else” category.

Gold welcomed the first day of 2023 with a rally, but is it just a side show, with the USDX being the one to watch for strength?

The best performing precious metal for the year was platinum, up 11.33% with most of the gains coming over the past quarter. The World Platinum Council expects a platinum deficit in 2023 with demand growing 19% and supply only rising 2%.

Be skeptical if stocks start the new year on a positive note, since that would be the perfect way for Mr Market to set the hook to trap bulls and bears alike.

With 2022 behind us, many are undoubtedly grateful that the year is over. From lingering COVID restrictions to the war in Ukraine to economic decline, it’s been a rough go.

In the new year, gold and silver is where you want to be at in 2023.

Gold’s performance in real terms is important for two reasons. First and foremost, it tends to be a leading indicator of the Gold price. That is instructive when Gold is rebounding but has yet to gain real traction or momentum. 

Well, well, well. In a year during which Gold at large was hyped to the moon, it actually finished 2022 essentially "unch" (front-month COMEX points basis) in settling yesterday (Friday) at 1830.1 ... whereas one year ago Gold settled 2021 at 1830.5.

Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year.

Current COT data supports overall higher gold prices. Our ratio is on sell signal. Trend is DOWN for USD. Trend is UP for gold stocks.

Here are today's videos and charts.

Here's how history rhymes in the precious metals market and what we can glean from recent movements in gold, silver, and mining stocks.