Gold Editorials & Commentary

Despite gold’s recent rally, the gold miners barely moved or even declined. The downward pressure must have taken root in the miners – will it hold?

Gold and gold stocks remain in the larger correction that began almost 12 months ago. However, both became quite oversold, and a short-term low is now in place. Gold bottomed just below good support at $1755. It hit a low at $1750, with its net speculative position...

Longtime precious metals observers know that positions in COMEX gold always ebb and flow with price and position extremes often mark price highs and lows. This "washing" of the Commitment of Traders report is something we should discuss this week.

Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold, which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold?

It’s been an intense few weeks for precious metals investors, with gold and silver suffering setbacks and somewhat increased volatility. This has caused some observers and mainstream analysts to jump to gloomy conclusions and proclaim that gold’s bull run is over....

The best performing precious metal for the week was palladium, up 5.67% on strong industrial demand and ongoing supply disruptions. TD Securities wrote that it expects palladium to be a positive catalyst for platinum group metals (PGMs) continuing into 2022.

Should American Independence Day be renamed Fiat Dependence Day? The United States is no longer united. Arguably, the only unifying force that remains amongst races and political parties… is worship of the fiat money voodoo doll.

Are the US stock markets poised for a reversion price event in the near future? My research team and I believe $4400 on the S&P 500 may be a key psychological level that many traders are unaware of in the immediate term. 

One glance at this chart should silence any talk of “a return to normalcy”. We are emphatically not headed in a normal direction.

I write this weekly missive on the evening of the day in which Americans celebrate their independence from British Colonial Rule, an event which happened in 1776, but was quickly mimicked by most other British colonies, the most notable being Canada in 1867 (after...

In a recent article gold analyst “Plunger” made the case that gold is in a cyclical bear market. In cycle terms he’s saying the 8 year cycle has topped. I’m going to agree with him that gold is stuck in a pattern of lower lows and lower highs.

Happy Independence Day to all readers! Mark Twain is often quoted to have said quite famously, “You get lies, damned lies and statistics”, or words to that effect. Now Mark was not an economist or a statistician, so the veracity of his statement is questionable –...

I was premature when I gave the green light to gold bulls five weeks ago.  "If you’re a bullion investor," I wrote at the time, "you can buy the stuff now without fear or qualm." Had you taken this advice, you'd have gotten aboard just in time to get smashed in the...

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 before 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...

Last week's trading saw gold forming its low in Tuesday's session, here doing so with the tag of the 1750.10 figure. From there, a slingshot to the upside was seen into later in the week, with the metal pushing up to a Friday peak of 1795.90 - before backing off the...

As the stock market cavorts in making all-time highs nearly every day, (in turn nullifying our "massive top" notion), we briefly begin with this friendly reminder/query: "Has the S&P crashed yet?"

Picture this – though you have been trading stocks you are still relatively new to trading.  You buy shares of well-known stocks like Apple or Amazon and sell them for profit.  While you have been doing this, along the way you have heard that there are people who...

Gold sector is now on a new long-term SELL signal. Our proprietary cycle indicator is DOWN. Gold broke support, confirming the $1900 level as a “failed recovery top”. When resistance is established, prices look for support.

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

Gold, silver, and their miners’ stocks suffer their weakest seasonals of the year in early summers.  With traders’ attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane.  Without outsized investment demand,...

Columbus, Ohio – By signing legislation last night, Governor Mike DeWine has officially ended Ohio’s sales taxation of gold, silver, platinum, and palladium bullion and coins, enabling the Buckeye State to join Arkansas the two states having canceled taxation of the...

June wasn’t too kind to gold. As the chart below shows, the yellow metal plunged more than 7.2% in the last month, the biggest monthly decline since November 2016. In consequence of the June rout, the whole first half of this year was awful for gold, which lost 6.6...

Gold mining stocks set new multi-year lows in recent days, another sign that gold is very undervalued.

“Rich Dad, Poor Dad” author Robert Kiyosaki expects the USD to become worthless very soon. In other words, he thinks the world’s reserve currency will resemble Zimbabwean dollars in terms of value. Many central banks, but most importantly the Federal Reserve, are...

June 28th has come and gone, which means the much-anticipated Basel III “macro prudential regulation” to make so-called “safe” banks “safer” has officially kicked off in the European Union (as it will on July 1 for U.S. banks and January 1, 2022 for UK banks).

The precious metals sector has been in a downtrend since August 2020:

While we might see a small uptick in gold prices soon, it’s not likely to last long. We should be prepared to open our parachutes any time now. The decline in gold continues, and while we might see a small pop-up higher here, it’s unlikely to last. And why could...

The actions by the Federal Reserve over the past year have led many to assume that much higher inflation is a foregone conclusion.  This leads to a further expectation that a much higher gold price is imminent.

Over the years, I have witnessed a number of debates over a wide variety of topics that ranged from capitalism-communism (1960s), civil rights (1960s), Kennedy assassination (1963), Turner vs. Mulroney (1984), Benson vs. Quayle (1988), and finally, my favourite...

The FOMC caused turmoil last week, but the statements have only short-term effects. In the past, the FED could not predict anything correctly, but only react. It will be the same this time. Real interest rates are negative in the U.S. across all maturities, which is...