Gold Editorials & Commentary

In recent weeks, I’ve authored many reports pointing toward the certainty of both current as well as rising inflation ahead, which, of course, is favorable to the long-term price direction in gold.

Last week's trading saw gold forming its high in Monday's session, here doing so with the tag of the 1734.80 figure. From there, a sharp decline was seen into later in the week, with the metal dropping all the way down to a Wednesday low of 1677.30 - before bouncing...

Let's start with the daily line combo chart for the PM complex which shows the H&S tops in place. Yesterday we looked at the SIL and SILJ that were sitting right on top of their bottom trendline. Today they are getting a bounce which would be normal even if they...

Longtime gold bashers are gloating over the precious metal’s recent price slump. Gold prices have declined more than 10% in the first quarter of 2021. But the perma-bears shouldn’t feel vindicated. After all, anyone who heeded their advice missed out on gold’s...

There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before major cycles take over and it comes to an end.

In settling the abbreviated trading week on Thursday at a price of 1730, Gold's net change from the prior Friday was but -1 point. But here's the real but: Gold's trading range for the week initially ran from 1733 down to 1677, and then back up to 1732 -- boo boo...

Our proprietary cycle indicator is up. Gold sector remains on long-term BUY at the end of March. Long-term – on major BUY signal. Short-term – on buy signals. Gold sector cycle is now up. The correction since August may have completed.

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

Biden just announced an ambitious and expensive infrastructure plan. Will it rebuild gold? Yesterday (Mar. 31), President Joe Biden announced the big infrastructure plan, the second major legislative initiative after the $1.9 trillion coronavirus relief plan passed...

Gold continues to trade weakly. The precious metal is down $13 for the month of March, $180 thus far in 2021, and some $374 since the all-time high of $2,074 was recorded in the spot market in August of last year.

Gold producers had their most profitable year ever in 2020, based on one metric. The average all-in sustaining cost (AISC) margin, which is the gold price minus the cost to produce the metal, hit a record $828 per ounce, according to Metals Focus. What this means is...

When bubbles burst, we will discover how very few superior men there actually are – as defined by Confucius: “The superior man, when resting in safety, does not forget that danger may come. When in a state of security he does not forget the possibility of ruin. When...

Confirmed, unconfirmed, verified, and invalidated: breakouts and breakdowns are now ubiquitous. And the implications are bearish for gold. Let’s start today’s analysis with a discussion of the key market that everyone is interested in – gold.

The Gold Miner correction was well earned, but it was not a bubble. Even today there is some pablum out there talking about how if inflation is good for gold it is especially good for gold miners. I will simply repeat once again that if gold usually does not benefit...

Washington, D.C -- U.S. Representative Alex Mooney (R-WV) today re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.

When it comes to analyzing gold and gold prices there seems to be no limit to the explanations of cause and effect. The number of things presumed to be fundamental, or which are correlated to gold, has grown exponentially as gold receives more attention in the media...

Did something catch your attention yesterday? If so, it could have been mining stocks’ strength relative to gold. Or so it seems… Until we take a closer look. Additionally, gold didn’t get enough power from its previous breakout, and seems to be running out of gas...

The big story is yields. The ten-year US treasury nominal yield chart. For gold, what matters right now is real yields (nominal yields minus the rate of inflation). Unfortunately, the US rate of inflation is measured with what I call… The Orwell Index.

Neither the Suez Canal blockade nor the SLR exemption’s expiration should significantly affect gold, whose price is likely to be soon shaped by other factors.

Positions in the USDX are shifting from shorts to longs, so gold investors should look closely. Why? Because it’s an inverse relationship. We’ve discussed the negative correlation between the dollar and the precious metals many times before, but it can never be...

SPX started a new intermediate uptrend from 3723 with the first phase ending at 3980.  After a pullback to 3953 last Thursday, the index started the second phase which is aiming for ~4150.  After another brief consolidation, a third phase should continue higher to...

Angels At His Head, And Angels At His Feet, Just Like A Little Babe, Our Little Bear Does Sleep. If by pure chance the persistent and severe attack on the prices of gold and silver is an inverse measure of the degree of general complacency and a belief of being in...

Last week's trading saw the gold market holding in more of a sideways-to-down pattern, with the metal forming its high in Monday's session - doing so with the tag of the 1749.40 figure (June, 2021 contract). From there, a decline was seen into Thursday's session,...

Over the years I’ve written almost ad nauseum about the crazy I see (and saw) around me as a fund manager, family office principal and individual investor. In short, there a great deal of things which, as our advisory colleague, Grant Williams, would say: Makes me...

"But first we begin with Breaking News: The S&P 500 is at a record-closing high following the largest drop in Personal Spending in nearly a year..." So it hasn't crashed, yet...

Our proprietary cycle indicator is now up. Our ratio is on a new BUY signal. Gold is bouncing from major support.

The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular upleg out of last March’s stock panic, they have mostly been correcting since early August. That is doing its necessary work of rebalancing sentiment, paving...

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

While everyone was paying attention to the FOMC, Gold & Silver, and the Treasury Yields, it appears the recent commodity rally trend took a big hit on Thursday, March 18, 2021.  Our guess is that the FOMC statement did nothing to support the continued commodity...

This week Fed Reserve Chair Jerome Powell spoke at the "Innovation Summit" hosted by the Bank for International Settlements. During his talk, he dissed Bitcoin and cryptocurrencies saying they were "…highly volatile and therefore not really useful stores of value,...