Gold Editorials & Commentary

Consumer inflation eased further in August. According to the latest BLS report on inflation, the CPI increased 0.3% last month after rising 0.5% in July. The core CPI, which excludes food and energy prices, also softened — it rose 0.1% after increasing 0.3% in the...

The medium-term outlook for precious metals is a bearish one, and as gold moves lower, the miners will move lower faster. Small price jumps don’t count. Let’s get this straight, we’re not day traders, and getting excited about an occasional bounce is much ado about...

​​​​​​​This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer than gold.”

With the Delta variant decelerating U.S. economic momentum, the chorus proclaiming ‘peak growth’ is growing louder by the day. And as the colder months approach and outdoor activities fail to stimulate consumer spending, economists have sounded the alarm on the U.S...

Investors are eager to see a significant rally in the price of the world’s greatest metal, which of course is… gold! Are these expectations realistic, given the overvalued stock market and the prospect of central bank tapering? The answer is yes.

The best performing precious metal was gold, even though it was down 2.2%. K92 Mining reported the latest assay results from its ongoing drilling program at the Kora deposit at the Kainantu Mine. These 32 diamond drill holes once again showcased the high-grade and...

Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of their asset...

Fed Chair Jerome Powell will soon announce the date for tapering its record-setting QE program, despite weakening jobs data.

For the very short-term, the downward phase of the 10 and 20-day cycles is deemed to be back in force with the recent action. In terms of time, the 10-day wave is 7 trading days along, with the larger 20-day component now 23 days along - with the overall combination...

Autumn is just around the corner, and while the precious metals tasted some success most recently, the medium-term is still set for a downtrend.

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 until major cycles take over, and it ends.  A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its...

The gold price began to struggle higher starting minutes after 10 a.m. China Standard Time on their Friday morning -- and that rally attempt was capped and turned lower minutes before 2 p.m.

It was 20 years ago that the world stopped. And like the assassination of JFK, for many of us, we'll always remember exactly where we were and what we were doing at that moment. You never get over it, let alone if you loved or knew of someone who never came back.

As a Georgian Bay boater, I have grown to respect one aspect of boating above all else and that is the arrival of inclement weather and as an investor and market prognosticator, I have also grown to be on the lookout for technical events that might represent either...

There are times when one should be looking for reasons to buy in the stock market. This is especially so after a big market decline, when fear prevents most market participants from acting in their own best interests; like buying stocks after they’ve declined 30% or...

Our proprietary cycle indicator remains DOWN. Gold sector is on long term SELL signal.

It’s my predilection to believe that the Fed not only will not taper but will eventually be forced to increase the amount of money it is printing, I believe we’ll see the mining stocks outperform the general stock market by a wide margin over the next 12 months....

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts.

The final phase of Empires normally ends with the same signals whether it was 2000 years ago in Rome or today in the US.

One of the greatest risks cited currently by the markets is stagflation. The term means a situation in which there is high inflation and stagnation at the same time. So far, we have only had high inflation (CPI annual rate has soared 5.4%, and almost 5% if we take...

The gold miners’ stocks are still languishing deeply out of favor, largely left for dead.  Their low prices are collateral damage from this past summer’s anomalous pair of extreme gold-futures-selling episodes on Fed-tightening fears.  But this bombed-out sector is...

After a moderately strong rebound from the $1675 lows in early August, Gold has clearly started to set up the Right Shoulder of what appears to be an Inverted Head-and-Shoulders pattern. The recent weakness in the US Dollar suggests any breakdown in the US Dollar...

Our 30 year Treasury yield ‘Continuum’ chart indicates that deflation is the dominant trend, but… Steve Saville has written a post that got me thinking about carts and horses and more precisely, which comes before which. Is the inflationary horse pulling the...

Compelling data in recent Commitments of Traders (COT) reports point to the emergence of a very large buyer in COMEX gold futures. The last four COT reports, starting with the report for positions held as of August 10, show a dramatic increase on the long side in...

Easy come, easy go. The yellow metal rallied on Friday just to plunge on Tuesday. What’s your next move, Mr. Gold?

Stagflation is showing up in data points and articles everywhere now. Delta worries, labor shortages and fading Washington stimulus — it’s enough to cast a chill on the U.S. economy this fall.

If you are betting on gold, you may be in for some tough sledding. Below is a 5-year chart of the yellow metal updated through Sep 3, 2021…

On Friday, gold soared based on the surprisingly weak jobs report. This week, gold declined over 1.5x as much as it rallied on Friday, and it happened based on… no news announcement.

It’s no secret that governments and central planners of all stripes have long detested the rise of private money and independent digital currencies. They have tried to stifle the burgeoning crypto industry from the moment it attracted mainstream attention. For years...

The best performing precious metal for the week was silver, up 2.87%, outpacing gold on the sensitive jobs report update. Gold jumped after a key labor-market report showed the U.S. economy added fewer jobs than forecast, diminishing the possibility that the Federal...