Gold Editorials & Commentary

Countries closed borders as the pandemic spread beyond the Chinese, Iranian and South Korean borders.  At risk are lives but the economic impact already is large. The world is in lockdown mode. The economic fallout is only beginning with disrupted travel, tourism,...

After collapsing $250 in March, gold prices have recovered, and are extending to fresh highs. However, I remain skeptical of the current advance and believe the upside, currently, is somewhat limited. I explain more in the weekly gold chart below.

Four years after the following lead-in article to my Epocalypse series was written, it is coming true before your eyes. Some of it came true right after it was written. Most is happening now. You can see the events it describes overtaking us in all the ways it laid...

After its initial drop of 1200 points to ~2200, SPX has been making a comeback which is most likely nothing more than a countertrend rally that will have to retest its low successfully to prove otherwise.  There should be another hundred points left in the rally...

The CME/LBMA latest paper derivative product – the Accumulated Certificate of Exchange aka “4GC” – is failing. Badly.  After its introduction last week there has been zero trade activity in the contract:  4GC Settlement data.  The contract fabricates a paper claim...

Here is the list of thirty stocks that I would include in my gold and silver miner ETF. Ever since GDXJ removed most of their junior and low cap mid-tier producers, there really isn't a junior or mid-tier gold mining ETF.

The holiday-shortened week saw gold forming its low for the week in Monday's session, here doing so at the 1638.20 figure (June, 2020 contract). From there, a sharp push higher was seen into late-week, with the metal running all the way up to a Friday peak of 1754....

The debt-to-GDP ratio is an important metric economists use for comparing a country’s total debt to its gross domestic product (GDP). The percentage arrived at by dividing the country’s total GDP by its total debt indicates the country’s ability to pay back its...

In concert with Federal Reserve Chairman Jerome Powell's Thursday announcement of a $2.3 trillion monetary injection for the U.S. economy -- on top of the federal government's $2.2 trillion economic aid package and with even more trillions tentatively to be tendered...

Week #7 for the 2020 – 202_ bear market was the abbreviated Passover / Easter trading week, and found the stock market closing -19.74% from its last BEV Zero in the Dow Jones’ BEV chart below. So far the bottom of this bear market was on March 23rd, with the Dow...

Gold has been on a tear recently. The precious metal is up nearly $250 over the last three weeks following the unlimited quantitative easing (QE, a.k.a. money creation) plan announced by the Federal Reserve on March 23 in response to the Coronavirus pandemic. Gold...

Wild price action and unprecedented interventions once again characterized this holiday-shortened trading week. Oil prices whipsawed lower Thursday on concerns about expected oil production cuts from Russia and Saudi Arabia.  But the general trend for most other...

In August of 2015 I started writing about The Great Recession 2.0 that was coming upon us. I called it “The Epocalypse” to signify an economic apocalypse that would be epic in scale and that would begin a new epoch on earth — a time of treat global financial decline...

Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won’t be unwound, and...

It’s a good Friday because I get to start my weekend work earlier. Many people temporarily have no weekends because they are huddled at home as one day bleeds into the next amid the global pandemic. Monday is Thursday is Saturday. Good Friday is Halloween is...

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

Have you read Ayn Rand’s novel Atlas Shrugged? The main theme of the book is that – overwhelmed by growing statism – entrepreneurs at one point say finally “basta!” and announce a strike. The symbolic Atlas who carries the world, shrugs. As a result, the economy...

Our proprietary cycle indicator is up, rising from the lowest level in years. Gold sector remains on long-term buy at the end of March. GLD is on short-term buy signal. GDX is on short-term buy signal.

In a recent essay published at Project Syndicate, Harvard economics professor Kenneth Rogoff sets an ominous tone. Humanity, he says “is facing something akin to alien invasion” – an apt analogy, we thought. “With each passing day,” he goes on, “the 2008 global...

Can the U.S. economy actually be turned on and off like a light switch? What are the implications for investors if it can't? The shutdown of much of the American economy in response to the COVID-19 pandemic has already created what is by far the single largest...

The Trump administration will seek an additional $250 billion to support small businesses hurt by the widespread economic shutdown and slowdown. Will the government and the Fed save the US economy? What would be the consequences for the gold market?

Back at the 2008 crash low in the HUI there was a reversal pattern, that is pretty rare, which helped confirm that very important low. If you ever wondered what the 2007 – 2008 top looked like and the decline that followed to the 2008 crash low this daily chart for...

The $2.2 trillion coronavirus relief package that President Donald Trump signed into law on March 27 is just the beginning. The Treasury Department is now seeking some $250 billion more to replenish small business loans, and there’s hope that the president and House...

The gold futues contract fluctuated on Wednesday, as it gained 0.04%. The market is going sideways following its recent rally. Gold price has reached new medium-term high of $1,742.60 on Tuesday, as it was the highest since November of 2012 following breaking above...

In yesterday’s Gold Trading Alert, we commented on gold’s breakout above the previous highs and described the completion of the inverse head-and-shoulders pattern in the following way:

A Hyperinflationary Depression has always been the inevitable end to the biggest financial bubble in history. And this time it will be global. Hyperinflation will spread from country to country like Coronavirus. It could start anywhere but the most likely first...

Our Adaptive Fibonacci Price Modeling system suggests a much deeper price move is in the works and the current price rally will likely end near resistance levels identified by the Adaptive Fibonacci Price Modeling system.  We are posting this research post for...

The gold futures contract extended its uptrend yesterday before closing 0.60% lower. The gold price has reached new medium-term high of $1,742.60 as it was the highest since November of 2012 following breaking above $1,700 mark. However, the daily close fell below $...

Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.

Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "...