Gold Editorials & Commentary

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

Upon completing the article I realized that no forward look at the economy and financial markets from an inflationary/deflationary point of view would be complete without consideration of the Yield Curve. Here is its status at the time of writing. It is making a...

An understanding of the relationship between the gold price and inflation requires historical observation and factual understanding. Below are three specific statements that are rooted in historical fact...

Many are asking why gold is not rising, as just about every other commodity makes new highs in the backdrop of inflationary tailwinds. That’s a very fair question.

This week the Federal Reserve pre-announced an upcoming slowing in its enormous quantitative-easing money-printing campaign. That QE-tapering warning was widely expected on Wall Street, so it wasn’t a market-moving surprise. Gold is particularly sensitive to Fed...

Inflation, bond yields, monetary policy… that’s all interesting and crucial to understand trends in the gold markets – but, hey, what’s up in politics? A lot has happened recently on this front. In particular, last month, the world was shocked by the chaotic...

In the short term expectations of higher interest rates next year and reduced money supply next year has resulted in increase in bearish bets in gold.

Inflation is now rising faster than anything IHS Markit has ever seen in its Purchasing Manager’s Index, but it gets worse: It is not just cost outputs to consumers that are being passed along, but the rise in new input costs has also picked up pace.

It looks like we are on track for yet another global financial meltdown.  This time it is coming out of China in the form of a failed property development company called Evergrande.

Credit risk out of China and debt ceiling drama in Washington are driving precious metals markets this week. Gold and silver attracted some significant safe-haven buying as equity markets succumbed to selling.

British Prime Minister Boris Johnson gets paid less than Canadian Prime Minister Justin Trudeau. Each of them is getting less salary than US President Joe Biden’s US$400,000. Why do we want you to know this? 

Portfolio Manager, Tavi Costa, noted that his funds firm, Crescat Capital, believes we are in a secular bull market for gold and silver and because we are now amid a pullback, the time is right to be taking advantage of stocks in the space over time. He showed a...

Brace yourselves, gold bulls, as the Fed clears the way for tapering and shifts interest rate liftoff to 2022. You’ve been warned.

Raise the dollar, drop the metals. Under most possible scenarios, things don’t look good for gold, silver, and mining stocks – for the medium-term.

Are investment markets very soon coming to the end of market insanity? Since there is very little sanity left in markets or the in the world economy, we have now reached a point where we must accept madness as sanity, as George Bernard Shaw said: “When the world...

As the FOMC meets over the next two days, the markets look to Fed Chairman Powell and ask: "What's it gonna be boy? Yes or no?" And whichever answer Powell provides on Wednesday via his fedlines and press conference will likely determine where precious metal prices...

China’s real estate behemoth Evergrande is now “Notsogrande”.  Not surprisingly, fiat debt is the problem.  The proposed “solution” is likely to be more debt… and more money printing. 

Evergrande. That’s the topic everyone requested me to cover, so I will. But before I do, I would like to emphasize that I’ve been writing about it for months. No, not about Evergrande per se, but about the situation being similar to 2008.

Since LAST WEEK’S REPORT, the price action has been downwards. The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.

The best performing precious metal for the week was gold, but still off 1.86%. Sibanye Stillwater, which has transformed itself from a South African gold miner to a platinum-group metals giant, branched out its reach this week to enter a joint venture to develop the...

The 3-year cycle in Barrick Gold (GOLD) seems to set critical turning points every third September (2012, 2015, 2018, 2021?). With prices steadily declining for the past 12-months, the odds support a potential bottom in the following days. Perhaps Wednesday's Fed...

The bad news is: there are no real prices of gold and silver available in the World today. It is useless to follow the investment recommendations put forward, all in good faith, by individuals such as Peter Schiff.

Yeah, I know everyone is so certain that inflation is what we will be battling for the foreseeable future. The main reason why many of you are so certain we are battling inflation is because you are seeing prices rise on food and other items for which you shop. But...

The declining medium-term outlook for gold, silver, and mining stocks will eat away at the honey pot of US dollar bears. Get ready for bee stings.

Gold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008,...

Bears had a rare chance to get short with impunity last week -- arguably the first such free-money opportunity since the bull market began more than 12 years ago. With the Evergrande saga unfolding in real time, shares appeared to be doing a Wile E. Coyote ahead of...

Approximately eight months ago, after I was shown some Christmas 2020 family photos that (unfortunately) included this humble opinionator, I decided that carrying a strong resemblance to Orson Welles at my age was not exactly a smart way to defy the insurance...

Last week Friday saw the London PM fix for gold back to $1755.95 from the PM fix at $1794.60 the week before and at $1823.70 two weeks ago. Silver was last fixed at a frightening new low London fix for 2021 of $23.01 and an even worse close in NY at $22.29 – bad...

Last week's action saw gold spiking higher into Tuesday's session, here running all the way up to a peak of 1810.60. From there, however, a sharp decline was seen into later in the week, with the metal dropping down to a Thursday low of 1745.50 - before bouncing...

As penned in last week's piece: "...Now we hesitate to say -- in near-term context only -- that 'tis 'Game Over' in just a wee sense for Gold..."