Gold Editorials & Commentary

Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be particularly strong right before the precious metals market tops. And you know what’s the other thing that quite often happens at the tops, in addition to...

Precious metals markets kicked off trading for the third quarter by posting modest declines across the board. However, the technical bigger picture for gold and silver still looks strong after the metals recorded impressive gains in Q2.  Gold finished out the...

During less than 3 weeks the US daily new infections have doubled, from 27 000 to 57 000 on Thursday and 54 000 on Friday. So far the increasing trend shows few signs of wanting to reach a peak and reverse. 57 000 new infections on one day will place the US in...

Last week's trading saw gold holding firm into mid-week, with the metal pushing up to a high of 1807.70 - made in Wednesday's session. From there, a sharp decline was seen into Thursday's session, here dropping all the way down to a low of 1766.30 - before getting a...

Gold at long (unthinkably) last has taken The Northern Front (1750-1800), reaching the Big Round Number this past Tuesday (30 June) at precisely 07:52:16 Pacific Daylight Time, furthering the upward glide to as high as 1807 come Wednesday (01 July) ... before...

Our proprietary cycle indicator is up. Gold sector remains on long-term buy at the end of June. GLD is on short-term buy signal. Long-term – on major buy signal. Short-term – on buy signals.

I think it was March when I turned bullish on gold & silver. This was before COVID-19, so I had to factor in the impact from the pandemic since turning bullish. I was expecting this to be a good year for gold & silver even without the pandemic, but COVID-19...

Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red.

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

The precious metals miners took a beating when COVID first reared its ugly head in the US in March. News of mine closures and restrictive measures throughout the mining supply chain, not to mention a disastrous fall in travel, had adversely affected mining...

What a difference in the gold and silver prices since yesterday, eh?  On the last day of trading in June, both gold and silver hit important technical levels.  Gold closed at $1,800, and silver closed at $18.64.  And, during early Asian trading, both metals were up...

Here is a joint statement from Lagarde and Powell at a secret G7 meeting with all Leaders and Finance Chiefs of the seven nations attending as well as the IMF and BIS:

Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]

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,...

In Wednesday’s analysis, we wrote that we didn’t trust gold’s breakout above the November 2011 high and that we thought that it will be invalidated shortly. We didn’t have to wait for long. Gold invalidated this breakout several hours after we posted the above.

What a crazy six months! Let’s look at the chart below. As you can see, over the first half of the year, gold gained more than 16 percent, rising from $1,515 at the end of December 2019 to $1,762 at the end of June 2020.

Initial jobless claims are declining painfully slowly. The disconnect between the choppy recovery and financial markets creates upward risk for gold.

The gold futures contract lost 1.14% on Wednesday after reaching new long-term high of $1,807.70. The market has retraced its Tuesday’s advance following intraday reversal and a breakdown below $1,800 mark. The recent economic data releases didn’t bring any new...

As third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.

Only a couple of months ago I set out to make a short video explaining how to execute a long term Gold Price Forecast using ongoing fiat US dollar monetary base data ( M0, M1. M2, M3 ).

Gold is at a critical juncture. Prices could top or breakout within the next 48-hours. Our cycle work favors a top. This week’s employment data could trigger a breakout in gold above $1800 or force an intermediate top. Expect increased volatility over the next 2-...

Gold just closed the month and quarter and its performance on the final day of both was very encouraging for the bulls. What’s going on and what changed?

Gold is the top performing asset in the world in the first half of 2020, outperforming all stock markets including the S&P 500 and the Nasdaq and outperforming “safe haven” U.S. government bonds (see table above).

Some gold bulls have bought in heavily to the argument that gold price suppression has been an ongoing activity for years, even decades. Supposedly, trading in the gold market is manipulated in ways that depress the market price for gold.

Gold has broken out from a two-month-long consolidation (from $1680 to $1770), but the other precious metals markets have not confirmed gold's strength.

Investors ignore cycles… at their peril.  When I calmly suggested that a key virus cycle year of 2020 would see a “carpet bombing” of markets, most investors were not listening to the cyclical message of the markets.

Very little happened on the precious metals market yesterday and the related markets, but it seems that we might see something more interesting today.

The general market reliance on the Fed is not only what is driving many investor’s decisions of late, but it will likely reach its peak in the coming years. But, one is going to have be very careful before they buy into this fallacy too deeply.

We all fear the second wave of infections. But the U.S. hasn’t even controlled the first one! Bad news for Americans, but good news for gold.

The gold futures contract gained 0.05% on Monday, as it extended its short-term consolidation along last Wednesday’s new yearly high of $1,796.10. The market continued its long-term uptrend last week. The recent economic data releases didn’t bring any new surprises...