Gold Editorials & Commentary

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support. A close below the $1,900 level would carry bearish implications for the near term.

The global pandemic has plagued the economy with uncertainty for nearly half a year. Despite early reports of a miracle vaccine, doubts and re-infections have once again cast skepticism on returning to what life once was. The unpredictability of the pandemic coupled...

Great news for the U.S. labor market: according to the BLS, the American economy regained 1.4 million jobs, while the unemployment rate fell below 10 percent for the first time in the pandemic era! To be more precise, the unemployment rate declined from 10.2 percent...

Last week SPX experienced a sharp decline which many analysts considered overdue, followed by a sharp retracement and another pullback into Friday’s close.  It has been a while since the index has experienced this kind of volatility.  It is too soon to know how much...

Last week's trading saw gold forming the more bearish pattern of an early-day high into resistance, with the metal hitting a peak of 2001.20, made on a Tuesday time top. From there, lower prices were seen into late-week, here dropping down to a Friday bottom of 1921...

I need to take a break in my market commentary.  The markets are boring me to death, and I fear most of my readers are finding reading my commentaries as boring as I do writing them.  So I’m going to take the next two weeks off, and will come back on the weekend of...

The seasoned Gold enthusiast is sensitive to seasonality. And by conventional wisdom, 'tis said that the run from September through November is Gold-positive. After all: Gold is thought to sop up the negativity suffered by stocks in September, mitigate the surprises...

As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions. For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower...

Gold sector remains on long-term buy at the end of August. Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down, a consolidation/correction is in progress. We are hedged, locking in 130% profit on our core position, and 20% on our...

The gold miners’ stocks are mired in correction mode, which isn’t surprising after their mighty post-stock-panic upleg. Huge buying catapulting them higher left this sector extremely overbought. Corrections are normal and healthy after prices get too stretched...

After a profound spell of weakness, the USD is getting ready to move, not leaving the yellow metal unaffected. Conversely, it seems that what is about to happen in the USD Index will have a profound impact on what happens in the yellow metal.

“Those who plan, invest and execute long-term win,’ says long-time market analyst R.E. McMaster in A Layman’s Guide to Golden Guidelines for Wise Money Management. “Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the...

In late July, during an interview with CNBC, the chief investment officer of private wealth management at Goldman Sachs made the following statement: “Our view is that gold is only appropriate if you have a very strong view that the U.S. dollar is going to be...

Would you like to know one simple way of achieving investment successes and getting rich? That’s great, I will reveal this secret to you – and you even don’t have to click anything! The trick is to find a bull market and go long! And, what a coincidence, gold is...

Make no mistake, higher gold prices are coming. By pulling yet another arrow from its quiver, the Fed's just helped move us closer that target. The Fed wants inflation, so it's going to get it. Problem is, we the people, will have to live with it. 

If you think that price inflation runs at about 1.6% you have fallen for the BLS’s CPI myth. Two independent analysts using different methods — the Chapwood Index and Shadowstats.com — prove that prices are rising at a far faster rate, more like 10% annually and...

RESEARCH HIGHLIGHTS: A Phase II rally in metals is just getting ready to start. Phase II rallies are very explosive and tend to enter Parabolic trends. Gold could rally 250% to 350% over the next several years. Silver could rally 550% to 750% over the next several...

According to the WGC, the latest leg of gold’s 2020 bull-run has come too fast, but gold has still potential for further upside. The World Gold Council has recently published a few interesting reports. Let’s analyze them and draw important conclusions for the...

The buzz word of Central Bank Chiefs at Jackson Hole was INFLATION: “The Fed to tolerate higher inflation” says Powell, “ECB to inject more monetary stimulus to ensure inflation” says ECB Chief Economist, “Bank of England has ample fire power to support UK economy...

In a sure sign that the times have changed, the scam of "Exchanges For Physical" that The Bullion Banks have utilized for several years as a risk-free profit method appears to have finally collapsed.

This week, the financial community around the globe was handed a "new approach" by the Federal Reserve Board of the United States that essentially flipped the middle finger at savers, senior citizens on limited pensions and proponents of sound money principles....

Public and private pension plans face a dual crisis. The first and most obvious threat to pensioners is that defined-benefit vehicles are severely underfunded. By one estimate, pension systems taken as a whole are $638 billion in the red.

Fed adopts a new strategy that opens the door for higher inflation. The change is fundamentally positive for gold prices. So, it happened! In line with market expectations, the Fed has changed its monetary policy framework into a more dovish one! This is something...

Back in February 2019, I gave a brief lesson on a bit of charting magic known as a “rainbow convergence”.  T-Bond prices this month have given us another great opportunity to examine this topic.

Early signs are that the current mega-intervention in the PM markets, a repeat of April 2013 and March this year, has started to taper off despite probably not (yet?) having delivered the hoped for results. There was no large and sustained closing of long positions...

SPX has held steadily above its 60m chart trend line ever since it started its uptrend from 3350.  DJIA and QQQ have held above similar trend lines as well.  It stands to reason that a break of these trend lines would start corrections in all three indices, perhaps...

Last week's trading saw Gold holding weaker into mid-week, with the metal forming its low in Wednesday's session with the tag of the 1908.40 figure. From there, however, a sharp rally was seen into Thursday, here pushing all the way up to a high of 1987.00 - before...

The Dow Jones Index closed the week in scoring position; that is within 5% of its last all-time high in its BEV chart below.  Closing this gap, and once again making new BEV Zeros in the BEV chart below is almost a guarantee in the weeks to come, maybe by next...

'Tis a Big "BUT" not subtle in our title's rebuttal. And our rationalized scuttlebutt? Across the week just past wherein Gold settled yesterday (Friday) at 1973, after being in a rut as low as 1908 (on Wednesday), two key near-term technical indicators nonetheless...

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down, a consolidation is in progress. *** We are now hedged, locking in 130% profit on our core position, and 20% on our short term positions.