Gold Editorials & Commentary

Below we track how the Powell Fed serves as a contemporary weapon of mass destruction. Powell’s so-called “war against inflation” will fail, but not before crushing everything from risk asset, precious metal and currency pricing to the USD. As importantly, Powell is...

A bad run for gold and silver markets this summer is dimming hopes for the metals being able to finish out the year with some good gains. Major economic indicators have also been trending down this summer. Last week brought some disappointing jobs data.

The Federal Reserve was no doubt troubled by July’s decline in the US unemployment rate to 4.5 percent and increase in job openings to 11.2 million. This is because the Fed’s strategy for reducing the historic price inflation now plaguing the economy — caused by the...

Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected.

A bunch of people are about to make the same mistake again, that they've made over and over and over. Instead of panicking people should have been buying at the bottom.

It was good while it lasted. But now the golden age of near-zero inflation and interest rates is over, and we are paying the price for living in a fool’s paradise since money is no longer free. All this is now changing.

While it’s impossible for sane citizens to get pleasure from an event like the de facto “annihilation of America”, it is possible for hardcore gold bugs to retain most of their sanity… and get richer… as such an annihilation occurs.

The best performing precious metal for the week was gold, still down slightly 1.63%. Gold showed some strength as we closed out the week on a jobs report showing that more Americans are coming back to the labor market. The report reduces the risk that the Federal...

Precious metals markets got off to a rough for the month of September. Gold prices fell to test the $1,700 level on Thursday. As of this Friday recording, the monetary metal is back up above $1,700 and currently trades at $1,721 an ounce – down 1.4% for the week.

For the near-term action, Gold managed to turn higher into Friday's session, with the metal hitting an intraday peak of 1729.50 - before backing slightly off the same into the daily/weekly close. With that, there is the potential for an upturn in the 10 and 20-day...

When the gold price peaked at $2058 oz. in August 2020 it reflected a full ninety-nine percent loss in U.S. dollar purchasing power over the past century. The gold price has not been any higher since then.

In our last in-depth gold analysis we had been optimistically forecasting a recovery and summer rally for the gold price. And indeed, from its low at 1,680 USD gold rallied to 1,808 USD within less than three weeks. However, since mid of August gold came down hard...

It has been a very rough time for precious metals. In recent months they have endured another terrible selloff that feels like a combination of 2013 and 2008. However, think about how they “looked” technically before major bottoms, like during 2000, 2008, and late...

A little over a year ago, I had the pleasure of interviewing Michael Oliver in person at his home in Colorado (listen to that interview here). While he shared a great deal about his unique methods, the main focus of our discussion was the “massive momentum structure...

As goes Gold's woes, again Bill Shakespeare (significantly paraphrased) comes  to mind, circa 1600:  "...To test the low, or not to test the low? That is the question. Whether 'tis nobler that Gold suffer the slings and arrows by outrageously revisiting 1678, or to...

The war in Ukraine looks to be a quagmire and tension is high going into our US election. The citizens of Europe are in big trouble with fuel and food inflation and our president says little or nothing about it.

The past few months have been brutal for gold stocks, as relentless selling has driven prices down to bargain levels. How bad is it? It is bad. But it is also good. Lets look at the top three mining companies:

Our proprietary cycle indicator is UP. Gold sector is on long term SELL signal. GLD is on short term sell signal. GDX is on short term sell signal.

Inflation moderated a bit in July, fueling hopes that it has peaked. Are they justified? Yes and no, but before I elaborate on this enigmatic answer, let’s see what happened in July. On a monthly basis, the CPI was unchanged then, after rising 1.3 percent in June,...

Powell’s speech at the Jackson Hole symposium confirmed his hawkish stance, sending gold prices towards $1,700.

Gareth Soloway joins the show to talk about his prediction earlier this year that Gold will be the top-performing asset of 2022 and whether or not it will continue. We also talk about the stock market, the bond market, and Jerome Powell's next move.

The odds for another 0.75% Fed rate hike have risen to around 70% over the last week. This has pushed short-term interest rates and the dollar higher. Gold is slipping back towards critical support. Our cycle work expects one final dip into a September low.

Financial and precious metals expert Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps.  EvG is a former Swiss banker and financial expert that says massive money printing and huge amounts of...

Mario Innecco, from the maneco64 YouTube channel, joins us today to discuss recent protests worldwide. Furthermore, we discuss the food shortage in Europe, US oil reserves hitting the lowest level since 1985, and what all this means for precious metals.

Both gold and silver’s results sagged, but gold stocks are the worst performers so far. What is this decline leading to? Gold moved visibly lower yesterday, silver closed at the second-lowest level in over 2 years, and miners (both GDX and GDXJ) formed their lowest...

Federal Reserve chairman Jerome Powell is talking tough and warning of more interest rate pain to come. At the same time, Fed officials are now admitting that their sized-up rate hikes won't even be sufficient to tame the price inflation they have helped create.

What lies ahead for America and the world, for the rest of 2022 and 2023? Legendary economist Steve Hanke warns of a major recession in 2023 and suggests it would be happening… even with no rate hikes.

Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock. The price of a specific item or asset at any given time is a reflection of all those varying opinions....

Looking at the latest results of precious metals, it’s hard to cast out the impression that stocks are like a ball and chain for gold. Should we expect a repeat of the 2013 slide? In today’s analysis, I would like to draw your attention to something that’s extremely...

Doomberg returns to the show to discuss the latest news on Energy, the Paper oil market, and the Gold & Silver market.