Gold Editorials & Commentary

Trading slightly above the $50 mark, crude oil hasn’t made a decisive move either way so far. Yesterday’s bullish session has brought us new clues. Let’s dive and examine the strength of the evolving oil move higher.

As you know, we've been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let's review the...

The only virus more concerning than Corona, the global government debt virus! In America, the government’s debt to GDP ratio is now three times the level it was when Ronald Reagan got elected.  Simply put, Donald Trump doesn’t have the wiggle room that “Jellybean...

Amid the worries about the coronavirus and its impact on the global economy, the US yield curve has briefly inverted again. Recession, anyone? And what exactly does the inversion imply for the gold market?

Gold and the US dollar. The yellow metal and its fiat nemesis. Often, they move inversely, though the strength and even the direction of their relationship varies when examined from different time perspectives. What is the message the greenback is sending out...

Gold will outperform the S&P 500 Index in 2020. That’s one of several projections made by CLSA in its just-released “Global Surprises 2020” report.

This is how Egon started his keynote presentation at the Gold Symposium in Sydney. He said this in reply to the CEO of the Perth Mint who in his opening speech had declared that anyone who recommends more than 5-10% in gold lives on a different planet.

One of the advantages of being a sexagenarian is that after forty years investing in stocks, bonds, commodities, and currencies you have a pretty good idea when something is not exactly "right." If you have lived a good, normal life and you still have decent control...

The best performing metal this week was palladium, up 1.44 percent as Jeffrey Currie, head of global commodities research at Goldman Sachs, commented he sees the potential for palladium to test $3,000. With Friday’s gain, gold saw a third straight day of positive...

Rhodium, that’s hardly a metal on everyone’s radar screen. Yet even a tiny market can send valuable signals important to precious metals investors. And that’s the case with this little-known metal. Its performance been making palladium look like a laggard – so, what...

The U.S. Department of Justice investigation of criminal activity in the precious metals markets has taken an interesting new turn. According to Bloomberg, prosecutors are targeting the bank itself and not just the individual traders involved in rigging prices. If...

The markets went risk-on last week following better-than-expected economic data releases, as China virus fears eased. This week we will have a lot of Fed talk and another pretty important set of economic data releases. Let’s take a look at the details.

A few days ago the market was crashing on Coronavirus fears. But recently, the market has soared back based upon the hopes of a vaccine and some better than expected economic data in the US. The ADP January employment report showed that a net 291k jobs were created...

The gold futures contract gained 0.22% on Friday, as it slightly extended its short-term uptrend. The market has retraced some more of Tuesday’s decline following bouncing off $1,550 support level on Wednesday. Overall, gold continues to trade within a month-long...

The correction continues as anticipated and its end may come as early as this week if the two-year cycle makes its low in conjunction with the 80-day cycle. 

Last week's trading saw gold forming the more bearish pattern of an early-week high into resistance, with the metal hitting a peak of 1598.50, made on a Monday time top. From there, sharply lower prices were seen into mid-week, here dropping down to a Wednesday...

In BEV terms, last week found the Dow Jones closing 3.72% from its last all-time high of January 17th, or down 1,092 points.  In my mind the stock market had the makings of a new correction, or at least a period of rest for the bulls.  This was not to be as by...

The price of Gold has been fairly firm these recent weeks, and rightly so given global goings-on. So it seems rather out-of-sorts to cite that Gold just put in its worst week of the last 13 (stretching all the back to that ending 08 November) in netting a -1.2%...

Gold sector remains on long-term buy at month end. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal.

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

Will 2020 be better than 2019 for the yellow metal? We invite you to read our today’s article, which provides an important update of the macroeconomic outlook for 2020 we painted one month ago. Read it and learn what has changed among the fundamental factors and...

Believe me when I tell you that I so want to be uber-bullish the metals at this time based upon the larger degree structure, especially in silver.

During the course of the past several months, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices.

The gold futures contract gained 0.46% on Thursday, as it retraced more of the recent decline. The market has bounced off $1,550 support level on Wednesday. The yellow metal was gaining despite stock market’s rally following better-than-expected economic data...

This is probably the most important article I have penned. It is about the destiny of three individuals who all followed different tides. We are today at the point when the consequences of taking the wrong tide will be ruinous whilst the right one will be extremely...

The precious metals market didn’t do much yesterday, but – what may seem surprising - that’s quite bullish. It’s bullish, because the USD Index rallied to new yearly highs and this “should have” caused the PMs and miners to decline. It didn’t, which suggests that...

Having opened with a sizable gap, stocks scored sizable gains recently. The reversal higher makes one think that we’ve seen a bullish turn. And the short-term outlook has certainly turned more to the bullish side of the spectrum. Let’s assess what the recent market...

The gold futures contract lost 1.70% on Tuesday, as it retraced most of the recent weeks’ advances in just one day of trading. The market has reached a local high of $1,598.50 on Monday and yesterday it fell to a daily low of $1,552.80. The sentiment towards risk-on...

Having predicted last year that a recession would begin in the summer of 2019 and that it would likely start with a major repo crisis, I am now proven wrong by 2019’s fourth-quarter GDP. If the repo crisis that started in the final week of summer had actually been...

Last week we noted that the risks in precious metals were primarily technical. Sentiment and technicals urge caution over the short-term.