Gold Editorials & Commentary

The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money.

While Olympic athletes in Tokyo are going for the gold, investors are going for anything that might provide positive real returns.

This week, US household debt jumped by the most in 14 years to a new all-time record. The last time it did something like this was in 2007, just as the housing mania was cresting and the Great Recession was looming.

Amateur investors tend to focus on predicting what’s next for their current situation. In contrast, professionals prepare for a future that is mostly unknown.

One thing that seems to be certain in the markets right now is the past hyper-bullish trending which appears to have weakened since early 2021. As a result, the longer-term Custom Indexes we use to help gauge and understand market trends are showing a very clear...

It looks like the USDX tripped a bit during the hike, but we shouldn’t worry – history shows that the USD can reach the highest peaks in the summer. Let’s start with the charts. What’s going on with the USD Index?

Metals are volatile over renewed fears of new variants of covid. Some traders are sitting on cash or exiting quickly on their trades on the uncertain economic impact of covid.

The latest WGC reports show that institutional allocation to gold will increase. What if there is more to it than just “higher demand, higher price”?

If you're worried that interest rates are about to explode because of inflation, the graph above would seem to offer comfort. From a visual standpoint, the gentle rollover that has occurred over the last several months has sapped the vigor from a menacing spike that...

When we saw the following comment from a prominent otherwise free marketer, we knew it was time to write this article. “…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose...

As we came into 2021, I outlined to those willing to listen that I expected at least a 20% continuation rally in the SPX, and I would prefer for us to strike at least the 4600SPX region this year. And, at the time, the SPX was in the 3750SPX region.

Silver and gold have been under intense attack in the paper silver/gold derivative markets (Comex, OTC derivatives) and the London unallocated phony physical bullion market since August 2020.

“Despite everything that could be imagined, said, written, done, as huge events happened, it is a fact that there is still today no currency that can compare, either by a direct or an indirect relationship, real or imagined, with gold” Charles DeGaulle (1965)

Powell’s recent dovish remarks started a sugar high among investors. However, it seems like the hangover has already begun.

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...

For the most part, my life has been simple and cloistered. Being a loner of course had consequences. My outlook on life was naive; I tended to accept life in general and people in particular at face value. When I read about the Illuminati and their ilk, my...

Last week's trading saw Gold (August, 2021 contract) holding weaker into Wednesday's session, with the metal dropping down to a low of 1790.70. From there, however, a sharp rally was seen into late-day Thursday, here running all the way back up to a peak of 1832.10...

Ah, August. In a word, the Oxford English Dictionary defines "august" as "impressive": as has historically been the month of August for Gold. Recall what we penned a week ago: "...with August on the horizon, that month has finished higher for Gold in eight of the...

The Dow Jones saw a new BEV Zero (new all-time high) on Monday this week, then closed within 0.64% of that in the following four days.  From the perspective of the Dow Jones Bear’s Eye View chart below, that’s about it.

It is in essence a year ago that Warren Buffett ill-timed his entry into the gold stock sector, unwittingly calling a top to the post-crash rally and signaling the start of the 2020 inflation trades, which did not include gold stocks (for logical reasons, as...

Our proprietary cycle indicator is DOWN but bottoming. Gold sector is on long term SELL signal. GLD is on short term buy signal.

So, so you think you can tell heaven from hell, a bull market from a bear market? It’s not so easy, as gold seems to be at a crossroads. On the one hand, accelerating inflation should take gold higher, especially that the real interest rates stay well below zero. On...

The gold miners’ stocks were whacked hard earlier this summer on a Fed-rate-hikes scare. That serious anomaly really damaged sentiment, spawning exceptionally-weak seasonal performance in this contrarian sector. But the bruised gold stocks and the metal they mine...

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

The party was just gathering steam, and then… Powell entered, the ultimate spoilsport, making the Fed dovish again. How long till he gets kicked off?

Earlier in July, U.S. President Biden came away from a meeting with Fed Chairman Jerome Powell and calmly announced that in addition to inflation being “short term,” we should fear not, as Biden also “made it clear to Chairman Powell that the Fed remains independent...

I ordinarily do not spend time reading the FOMC policy statement after it’s released, saving that brain damage for CNBC. But I read the June release to assess for myself whether or not the Fed had tilted toward a more “hawkish” policy stance and decided that it had...

The markets hide many mysteries. One of them is the recent slide in the long-term bond yields. As the chart below shows, both the nominal interest rates and the real interest rates have been in a downside trend since March (with a short-lived rebound in June)....

Despite the looming threat of massive inflation, or at least stagflation in the event that markets collapse, many appear to have given up on gold at the worst possible time, perhaps due to the mistaken belief that it will be perpetually suppressed by market...

Watch some of the brightest minds in finance, Grant Williams, Egon von Greyerz, and Ronnie Stoeferle discuss fiscal policy, the “crack-up boom,” inflation, liquidity, and of course gold and silver in