Gold Editorials & Commentary

As it has been since last November, all this week the Dow Jones remained in scoring position; less than 5% from its last all-time high. We haven’t seen any new BEV Zeros in the BEV chart below since its last on August 16th. But I’d be surprised if the Dow Jones...

Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1778.00 figure. From there, a firm push higher was seen into later in the week, with the metal running up to a Friday peak of 1821.90 - also ending the day and week...

As the remaining days of the Summer of 2021 tick away, I have always looked at Labour Day weekend as the unofficial last day of summer because after the holiday Monday, it has been “Back to School” and that was a stark reality for twenty of the first twenty-five...

Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that high...

You can summarize the current mood in Washington DC as “Please don’t let this be a return to the 1970s.” For younger readers, that was a decade in which excessive government spending and money printing combined with inept foreign policy to create the impression that...

Our proprietary cycle indicator is DOWN. Gold sector is on long term SELL signal. Our ratio is on sell signal. Gold sector cycle is down.

Below, we ask a simple question: Is the war on COVID the needed pretext for even more centralized market “performance?” After all, who needs free markets when central bank liquidity determines price forces via endless COVID bailouts?

I want to thank my patrons for hanging in there with me while my writing has been less frequent than you deserve. I’ve been battling with COVID for the past two weeks while also in the middle of a house move, but I hope now to get more on track as I seem to have won...

The ‘but’ is the old saying “markets can remain [seemingly] irrational longer than you can remain solvent” if you fight a trend that is intact at any given point. Since March, 2020 that trend has been up.

The best gamer always emerges victorious from a duel, racking up his win streak. However, being this conspicuous – who doesn’t want to take him down?

It’s been 50 years since one of the most important events in contemporary – or, perhaps, all of – economic history. And, no, I don’t mean the foundation of the Nasdaq stock exchange nor the bankruptcy and nationalization of Rolls-Royce. Half a century ago, on August...

We saw a great meme on WallStreetSilver which sparked our essay idea for this week, the meme- The True Value of Gold and Silver compared how many ounces of silver it would take to purchase a corvette in 1950 compared to today – the answer was less!

Finally! The price of gold returned above $1,800 this week, as the chart below shows. It’s a nice change after the slide in early August. Although gold has rebounded somewhat, bulls shouldn’t open the champagne yet. A small beer would be enough for now, as the...

Overall gold, silver, and copper are trading in a range. Apart from the central bankers meeting at Jackson Hole, there is US Q2 GDP and Q2 real consumer spending. There will be very sharp two-way price moves in all metals and forex. Crude oil is bullish. Asian...

Such is the title of an immortal work by Charles Mackay, published 180 years ago - 1841 - in London, England. We are in 2021, and the world is subject to a new "Madness of Crowds". The present "Popular Delusion" of our world, in this 21st Century, is - without any...

All eyes this week will be on Fed Chairman Powell when he addresses The Fed's annual central banking conference in Jackson Hole, Wyoming, as whatever Powell says (or doesn't say) about monetary policy will set the tone for the COMEX precious metals for the remainder...

There are many factors affecting gold prices on a daily basis, but… how can GameStop stock be one of them? Given today’s pre-market slide in gold, it seems that the triangle-vertex-based turning point worked once again. Declines are likely next.

From a technical, cyclical, and fundamental viewpoint, gold is in a fabulous position for price appreciation against American fiat currency. Months ago, I suggested that late August would see a fade in Corona cases bring a revival in Indian gold demand. It’s...

It’s been a long time since a full Gold Market update was posted on the site because frankly it has been too boring a market, but what happened last week looks highly significant with the action in gold and silver suggesting not just a reversal from the recent...

The Delta variant of the coronavirus is spreading all around the world. Although it won’t affect the world economy as much as the first wave of the pandemic, it will add to the already existing problems. Namely, the rising number of new cases will prolong the supply...

I could write a nice lengthy introduction today, but it seems that there’s only one question on your mind right now, so I’ll quickly address it instead. Has the outlook for gold, silver, and mining stocks become bullish because of yesterday’s rally? My answer is: no...

Stimulus addicted markets ran into headwinds last week. Fed watchers found some hints about interest-rate tightening in the just-released FOMC’s July meeting minutes. That was all it took to rattle Wall Street. Stocks have since recovered some of the initial losses...

There is a potential new pattern forming in the PM complex which I first notice on the short term daily chart for GLD. Below is the daily chart GLD we looked at late last week which was showing the multiple double tops and double bottoms.

One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices.

Covid has upended economic theory. The steepest economic collapse since the Great Depression has given way to the longest stock market rally and the biggest inflation shock since the seventies.

The best performing precious metal for the week was gold, up just 0.08%. Gold headed for a weekly gain as investors turned to the haven asset amid concerns over the delta coronavirus variant and weaker economic data.

Friday the 13th of August 1971 was a very important date in U.S. history. It was the date that set the table for the beginning of the end of the USD's world reserve currency status. And, greatly expedited the road to perdition for the dollar's purchasing power.

Oil, gas, and other energy news is everywhere, but “how do I get in on the action? What type of trading instruments do I use?” Read on and find out.

With its negative correlation to the metals, the USDX rally weighed heavily on gold, silver and stocks. Stop and think: what would be if it continued?

The last two weeks of the American summer vacation will be full of twist and turns. Twist in gold, silver, copper and crude oil have already been faced in the form of August crashes. Except for natural gas, every metal has sold off in August. The hyper optimism in...