Gold Editorials & Commentary

With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.

Many people ask me whether or not they should invest in gold stock indexes, or the GLD or SLV ETFs. They often point to the difficulty of securing physical precious metals versus the ease of purchasing the derivatives through an exchange. I am going to give some...

Before we get into the timing of the recession, here is a graph that is particularly telling of the Fed’s journey and is worth studying from left to right. Notice how chaotic and less effective our journey with FedMed has become, just as I wrote about in another...

The gold futures contract gained 0.76% on Monday, as it extended its Friday’s advance of 1.3%.  The market has remained above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises...

Jobless claims paint a much grimmer picture than other pieces of economic data. So, the Fed (and other central banks) will remain dovish for years, which should support gold prices.

Historical precedents are in many a technician's toolbox – and it's a tool they reach for with success repeatedly. What lessons can we draw from the miners' performance back in 2016 and now?

Historical precedents are in many a technician's toolbox – and it's a tool they reach for with success repeatedly. Does the yellow metal offer any interesting parallels?

The liquidity the Fed provided seems to be working. Equities have risen sharply from their March lows, and the NASDAQ reached new all-time highs. With fear subsiding, gold has begun to take a back seat. We see the potential for a top in the coming days, followed by...

The stock has gone through many cycles since the 2000 tech bubble. The tech bubble was the last significant time the stock market's popularity among individuals piqued their interest in such a huge way similar to what we see now in the markets.

The gold futures contract gained 1.27% on Friday, as it broke slightly above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the financial markets. But gold got closer to...

The confrontation between the US and China is simmering in the background, now superseded in the MSM by burning US cities and the protest against Trump. On the PM front, last week saw gold and silver ending a week on a firm note for a change. 

Large precious metals speculators raised their bullish net positions in the gold futures markets this week following a recent slide in the speculator sentiment, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading...

Last week's trading saw gold once again forming its low in Monday's session, here doing so with the tag of the 1706.20 figure. From there, a slingshot higher was seen into late-week, with the metal running all the way up to a Friday peak of 1760.90.

As the Earth today orbits through its solstice, we find Gold for the sixth time in the last 11 weeks sticking its toe a bit into The Northern Front (1750-1800). Perhaps more positively, 'tis but the second instance that Gold has closed any of those 11 weeks inside...

I usually begin with a Bear’s Eye View, or BEV chart of the Dow Jones, but exactly what is a BEV chart?  It’s a view of the Dow Jones as Mr Bear sees it; with each new all-time high registering as a 0.00%, aka BEV Zero.  That is how Mr Bear sees new all-time highs;...

SPX appears to have concluded a secondary high on Friday.  If so, this would be the start of the next downtrend phase from the 3233 high, with the entire correction not likely to find an intermediate low until mid-July. 

Gold sector cycle is down, a multi week correction is in progress. We cashed out on half of our core position with a 77% gain, holding remaining for the long-term, and will allocate more capital at the next cycle bottom.

“I think there will be a full monetary system reset after the world has had enough of Jay Powell and his digital printing press.”

Bullion premiums have been drifting lower in recent weeks after spiking earlier this spring. That in part reflects a waning of fear among investors… and a hope for markets and the economy returning to normal as we head into the summer.

Gold’s powerful post-stock-panic upleg hasn’t enjoyed buying support from the gold-futures speculators.  These influential traders often drive and even dominate major gold-price trends.  But they’ve been subtly selling into gold’s sharp recent rally.  Their dogged...

Despite a year of tumult on Wall Street and Main Street, the banking system seems to be holding up remarkably well… for now.

The HUI Gold Bugs index has over the last 2 decades (encompassing both bull and bear markets) tended to bottom in July per stockcharts.com‘s data for the index. A seasonal average is not a directive, but it is a (+/-) guide to be factored. Last year gold stocks...

The gold futures contract lost 0.26% on Thursday, as it further extended its short-term consolidation slightly below the price level of $1,750. Powell’s testimonies on Wednesday and Thursday didn’t bring any new surprises for the financial markets. And gold is still...

The initial health crisis seems to be under control in many countries. But this is not the end of pandemic and many epidemiologist warn against the second wave of injections. We invite you to read our today’s article about the second wave of the new coronavirus and...

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar.

Recently there is a hot topic: When will gold bullion replace US dollar as the major reserve currency?  Will the replacement be realized in 2020?  Given the printing press and the global turmoil with Covid-19 pandemic and warring factions including the Indo-China...

Retail sales came in really strong in May, which could strengthen risk appetite, but the dovish Fed should support gold.

The gold futures contract lost 0.05% on Wednesday, as it extended its short-term consolidation above the price level of $1,700. Gold has been breaking slightly above $1,750 mark recently. But it came back closer to $1,700 on Monday. Last Wednesday’s FOMC Statement...

With the pandemic disrupting lives and the global economy, government borrowings have climbed ever higher. US unemployment is nearly at Great Depression levels and a summer of civil unrest raises the stakes in an upcoming US election already lost in the wreckage of...

While stocks were performing very poorly in the early days of the pandemic shutdowns, gold was doing quite well. There was another crisis investment that was doing even better however, as can be seen in the graph below, which shows price changes in percentage terms...