Gold Editorials & Commentary

In a response to the coronavirus crisis, the Fed has already cut interest rates to zero and implemented quantitative easing. But that’s not enough and the U.S. central bankers are now talking about “yield curve control”. What is it and how it could affect the gold...

Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While there is an element of feeling the need to address...

Research Highlights: With Gold trading above $2,000 for the first time and Silver trading near $27.50, you need to understand the risks in the markets that precious metals are warning of. If Gold breaks above $2,400, then there is a very real concern that the global...

Just because prices have been rallying, the market generalists and their sycophant media have been pushing the idea that gold and silver are somehow in a "speculative bubble". However, even just a quick, basic review of the COMEX market internals reveals that this...

CPI rises again in July. But will the inflation dragon take to the air, taking gold with it? The U.S. CPI inflation rate rose 0.6 percent in July, for the second month in a row. The move was driven to a large extent by higher energy prices (the energy index...

Dual Head-and-Shoulders patterns warn of a potentially big downside move and new highs may be a trap for bulls. Valuation levels suggest the broader US stock market is lagging. Precious metals continue to warn of risks. The market “melt-up” may be nearing an end

The DJUSHB (Dow Jones Home Construction Index) hit an all-time high on Thursday. The previous ATH was in July 2005. The current SAAR (seasonally adjusted annualized rate) for existing home sales as of the June report is 4.2 million. It’s the lowest sales rate since...

It must be Monday, because the price of silver skyrocketed. From $26.10, it shot up to $27.50, or +5.4%. The last time we wrote about silver was after its crash to $25. Silver is now priced 10% above that low point.

It could have been. But what is more likely, it could have been the final pre-plunge top in case of the mining stocks. Why? Because the history tends to rhyme, and the verses appear more similar to what we already “read” in the mining stocks than they what we can...

Ask precious metals' holders and chart technicians what in the last 6-8 weeks stands out in their mind and they will point to the breakout of gold and silver above areas which had contained them for almost a decade.

The “recapture the good times” gold chart. Gold has recaptured the $2000 price marker, and there’s already a noticeable pattern of higher highs and higher lows from the low of the reaction. That’s bullish action!

Retail sales growth has slowed down. What does it mean for the U.S. economy and the gold market? Retail sales increased 1.2 percent in July. The growth was worse than expected, which hit the U.S. stock market. As the chart below shows, the number was also much...

How formidable a setback have gold prices suffered last week – is the heavy selling over? Prices have been recovering, perhaps new all-time highs are next – or not before a sizable decline.

Predictions for gold's price are based on seemingly sound fundamentals and logic; but the fundamentals are incorrect and presented in unrealistic context. Here are some things to keep in mind when you see any predictions for the price of gold.

Gold has just broken out to a new all-time high, eclipsing the former peak of $1,920 set on September 6, 2011. As this article is going to press, gold is trading at $1,983 in the worldwide spot market.

Back in early February of 2020, I warned those willing to listen that “Emerging Markets Look Sick,” which was actually the title of my article. In fact, when I posted this article in early February, I was looking for a bounce off the 42 support region in EEM, with a...

Article Highlights: The US Dollar Presidential Price Cycle indicates rising US Dollar. The US Dollar is not the best asset, but rather the best of all currencies. Price Relationships Suggest The US Dollar Is Currently Undervalued. How The Presidential Price Cycle...

Gold’s slight correction of 3.99% this week doesn’t say much. But the $170/oz. decline in about 24 hours certainly did get my attention. And I have to wonder if the 22-basis point rise in the 30-year U.S. Treasury may not have played a role. While 22 basis points...

Everything good comes to its end sooner or later, and no ascent lasts forever as Icarus would confirm. That could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let’s take a look at the USD...

SPX is on the verge of a correction for the reasons given above.  Afterwards, it should be ready to make another all-time high, perhaps by a good margin.  At least, this is what various methodologies suggest.  Primary among these is the view of EWT technicians who...

Two dates in the history of the precious metals will stand out above all others for some time to come – April 2013 and August 2020; two occasions when the price of gold fell $200 in one shot. The two events differ in some essentials, but also share a number of...

Last week's trading saw gold market continuing to remain weaker, with the metal dropping all the way down to a Wednesday low of 1874.20 - before giving way to a decent bounce into Friday's session.

This week the Dow Jones closed at a new high for the move, from its -38% bottom of last March.  At week’s end, it has fallen short of breaking above its BEV -5% line.  So, the Dow Jones isn’t in scoring position just yet, but maybe that’s what next week is all about...

"Shorting Gold is a bad idea." --[mmb, 2009-to-date] To be sure, that remains a favourite quip of ours over these many years of producing The Gold Update. Not that the Shorts didn't have their run from 06 September 2011's high of 1923.7 down to 03 December 2015's...

Our proprietary cycle indicator is down. Gold sector remains on long-term buy at the end of July. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. 

As Joe Biden announced his VP pick, Wall Street’s hopes for a V-shaped economic recovery were revived by falling jobless claims and the S&P 500 inching closer to an all-time high. Precious metals markets, meanwhile, were hit with a big V for Volatility.

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

Our friends and followers love it when we publish and Adaptive Dynamic Learning (ADL) predictive modeling chart.  These are very special charts because they show us what our proprietary predictive modeling system is suggesting is a likely outcome many weeks or...

The spike-high we forecasted in gold last week appears complete. Prices collapsed to $1874.20 by Wednesday before finally rebounding. We think gold could retest support near $1700 by late September, which should produce the next great buying opportunity. 

As the federal government continues to bailout the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy.