Gold Editorials & Commentary

Gold rallied strongly after Friday’s jobs report was released, but all the gains have been lost.

“I’ve got you in my sights” – the USDX heard that a lot over the last two weeks. While it was bullish for gold, the dollar might take revenge soon.

They say that September is a good time for gold. Indeed, historically, gold used to shine during the ninth month, and the yellow metal also started this year’s September on a good note. As the chart below shows, it jumped above $1,800 on the last day of August, and...

Gold is trading within a giant consolidation pattern. We will look for clues as per which direction the consolidation will eventually resolve based on two key trigger levels: a break above $1,917 would signal a continuation of the 2015 – 2020 bull market, whereas a...

Last week's trading saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1803.40 figure. From there, strength was seen into later in the week, with the metal pushing all the way up to a Friday high of 1836.90. For the five-day period,...

The NFP on Friday came in as a shocker; while economists anticipated 728 000 new jobs, only 235 000 were created. A miss by 67.1% in such an important statistic really is no joke. Two possible explanations for this major error could both claim to be true.

"Has the S&P crashed yet?" Such query has been woven into a bevy of recent editions of The Gold Update. As penned two missives back: "The stock market crash really is coming; we just don't know when": nobody does.

Will this September be one to remember in the markets? It is often characterized by rising volatility heading into the fall. September also often ushers in a period of seasonal strength for precious metals markets.

Our proprietary cycle indicator is DOWN but bottoming. Gold sector is on long term SELL signal. The breakout has failed. Big trend remains down.

The August employment report came in at just 235,000 jobs versus the expected 730,000 by economists. Gold jumped over the potential for a weakening economy and delayed Fed tapering. A sustained breakout above $1840 in September would be considered bullish.

The gold miners’ stocks suffered a rough summer, getting hammered lower as collateral damage on gold futures speculators fearing Fed tightening.  That heavy gold-stock selling certainly wreaked havoc, leaving overwhelmingly bearish sentiment in its wake.  But the...

Would you like to see something mysterious? If yes, please look at the chart below. It shows the yields on 10-year US Treasuries (red line) and CPI annual inflation rates (blue line) in recent years. As you can see, a huge divergence emerged this year: while...

Below, we look at four deliberately ignored reasons why extreme liquidity is drowning paper money. Reason 1: The Taper Debate May Not be a Debate at All

Home price growth in the US has accelerated even further, reaching a new record. The S&P/Case-Shiller U.S. National Home Price Index rose from 255.3 in May to 260.9 in June, boosting the annual percentage gain from 16.8% to 18.1%, as the chart below shows. That’...

You wouldn’t know that by listening to current commentary about inflation. Casual observers, economists, investors and analysts seem to agree that “higher inflation is being generated by abnormally huge amounts of government spending”.

Irrespective of whether “taper” is early or later, I will prefer to use the September crash (if any) in gold to invest for Diwali and Christmas. Normalization (maskless world) after the booster dose of the coronavirus vaccine will be the next big theme (after taper...

So what did Powell say? Perhaps more importantly, what did he not say? And what happens next? Let's discuss that today and begin to look ahead.

Today John Paulson is bullish on gold and bearish on cryptocurrencies, as he said during a recent "Bloomberg Wealth with David Rubenstein" interview.

Mega investors have been talking up the merits of gold ownership lately. For example, the billionaire hedge fund manager who executed the “greatest trade ever” in 2007 is now pounding the table about the opportunity in hard money.

The U.S. Labor Day is almost there, and thus the time for gold’s rally is running out. Tick-tock, tick-tock… and then the party stops.

Over the last couple of months, it has become clear from conversations with friends and partners from the gold industry that there is a marked increase in retail demand for physical gold from Swiss investors. The most interesting thing about this development is that...

Clients often ask when they should sell precious metals. We usually suggest one basic rule around the timing. After that, the decision to sell will depend upon whether your reasons for holding gold and silver have changed.

Why is Jay Powell so adamant that inflation is temporary? If the Fed acknowledges that higher inflation is ingrained, it must raise rates and kill its QE welfare programs for stock, bond, and real estate investors. That’s the last thing the Fed wants to do.

“As markets shake off their summer slumbers,” writes London-based analyst Bill Blain, “what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to...

The 2021 Jackson Hole Economic Symposium “Macroeconomic Policy in an Uneven Economy” is already a thing of the past. It was a stimulating conference with a few interesting presentations. But the key appearance for the financial markets was Powell’s speech. Let’s dig...

The best performing precious metal for the week was palladium, up 6.44%, despite hedge funds cutting their net long positioning to a 14-month low. Gold rose the most in two weeks, up 1.40% on Friday, as Federal Reserve Chairman Jerome Powell’s testimony signaled...

When the Fed entices grown-up kids with sweet words, they hit the candy store and stock up on gold, silver, and stocks. A sugar hangover follows.

Jackson Hole hubris was operating at full strength last week as investors around the world anxiously awaited the announcement on Friday that would send the markets into hyperdrive.

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...

Long-time readers of The Gold Update know we've hidden microphones in many a salient place, including those still installed at the Salzburg clinical offices of noted analyst in the psychosis of precious metals, Dr. Youara Nichtsogut, to whom Gold late yesterday (...