Gold Editorials & Commentary

Most traders understand what a “Waterfall event” is if you've been trading for more than 3 years.  Nearly every downside price reversion event initiates in a breakdown event (the first tier of the waterfall event) which is followed by additional deeper waterfall...

Gold is trading lower, and silver is down sharply (currently $17.48). Significant moves up or down just before a Fed announcement usually reverses a day or two later - this time should be no different. 

In late December 2019, a bill from the German finance ministry – which had passed the lower legislative house – proposed lowering the "anonymous purchase limit" for precious metals from €10,000 to €2,000 (about $2,200), a reduction of 80%.

The gold fututes lost 0.48% on Tuesday, as it retraced its Monday’s advance. The financial markets reacted to better-than-expected U.S. economic data releases (Durable Goods Orders, CB Consumer Confidence) and China virus fears somewhat eased yesterday. On last week...

Intense sunshine beamed down upon the canyons of Wall Street, illuminating potholes, dark alleys, secrets and mass delusions. Most people paid no attention because phones, the impeachment circus, Facebook posts, stock prices, and money worries distracted them.

There is a local casino just "up the road" from where we reside that we visit (once in a blue moon), small sums of pocketed cash in hand, to play a few favored slot machines to see if we can defy the house odds and come home winners. Called The Great Blue Heron...

The gold futures gained 0.35% on Monday, as it extended its short-term uptrend. However, the market has retraced most of its yesterday’s intraday rally from the daily local high of $1,588.40. Gold continued to gain following China virus fears, among other factors....

The question most gold bugs are probably asking themselves right now is this: How high must gold bullion go before the gold stock ETFs stage their own key breakouts and rally alongside gold?

Saturday marked the Chinese Lunar New Year, a time when as many as 400 million people ordinarily travel to visit family and go on vacation. Before the coronavirus struck, 3 billion trips were estimated to take place during the 16-day celebration, while some 79...

The mortgage regulators are stretching the removal of mortgage qualifications to the limit in an effort to keep the housing party going. The Consumer Financial Protection Bureau (CPFB) is recommending the removal of the DTI as a factor in qualified mortgage...

Monetary edema: a monetary phenomenon occurring in late-stage capitalist economies when repeated attempts to restore economic growth causes excess money to be trapped in financial markets; asset prices then rise to record levels in a crack-up boom (per Ludwig von...

It is my privilege now to welcome back Michael Pento, President and founder of Pento Portfolio Strategies. Michael's a well-known money manager, market commentator and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt...

It’s close to the tops when everyone and their brother knows that the sky is the limit. Palladium has seen a spectacular run recently, leaving more than a few wondering how much upside potential is still left in.

A new day, a new record in palladium! Is there any stopping it from reaching another high? What’s next in store for the white metal?

As the Asian markets opened on late Sunday, traders expected a reactionary price move related to the threat of the Wuhan virus and the continued news of its spread.  The US Dow Jones futures markets opened close to -225 points lower on Sunday afternoon and were...

Gold stocks are often cited as recession proof stocks. Although this has not always been true, they do tend to rise when the economy is in a recessions and/or when the general stock market is in decline or showing relatively little gains.

Last week, supply overcame demand and a correction started.  Important cycle lows (which I marked on the chart) were approaching and it was just a matter of time before they started to influence investor psychology. 

The gold market ended up seeing the more bullish pattern of an early-day low into support last week, with the metal hitting a bottom of 1546.00 - made in Tuesday's session. From there, strength was seen into late-week, here running up to a mid- Friday high of 1575....

A mere week has passed since we penned "Gold Looking Lower Near-Term" such that we instead find its price +0.9% higher in settling yesterday at 1571, Friday's low-to-high run alone being +1.3%. That stated, must we nix our near-term notion for lower Gold? No, given...

For the past year the Dow Jones Index has been advancing off the bottom of an 18% correction, and has been daily closing at new all-time highs or within 5% of one.  It’s good market action, but having to write market commentary on a market that changes little from...

Gold sector is on major buy signal. Our proprietary cycle indicator is up. Speculation is at a new high. Long-term remains bullish.

News is traveling fast about the Corona Virus that originated in Wuhan, China.  Two new confirmed cases in the US, one in Europe and hundreds in China.  As we learn more about this potential pandemic outbreak, we are learning that China did very little to contain...

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

I most often use linear scale charts for stocks, markets and indicators for their more absolute views. But in the case below we conjure up a long-term log scale chart showing the Gold/Silver Ratio (GSR) and the S&P 500 (SPX), as it works better in providing a...

The gold miners’ stocks have spent the past half-year mired in a high consolidation.  They haven’t been able to break out, but aren’t breaking down either.  This technical purgatory is working to slowly bleed off overboughtness and rebalance sentiment.  This...

In this insightful interview, Max and Egon talk about the 2010s as a decade of fantasy and decadence. Central Bankers’ medicine has enabled the terminally ill patient to survive for much longer than he should have. But that sadly will soon come to an end.

Our base scenario for 2020 is that it might be a worse year for gold than 2019 was. However, there are three major upside (and one downside) risks for the gold market, which could materialize in 2020. Today’s article will introduce you to these potential catalysts...

The gold fututes gained 0.56% on Thursday, as it got closer to its recent local high of $1,568.80. The yellow metal closed above $1,560 mark for the first time since January 8 run-up followed by a sharp downward reversal. On Wednesday, it has bounced off $1,550...

Two cities are besieged. One by officials, activists and business leaders, while the second by bloodthirsty politicians. Will anyone escape? No one knows, but the gold coin has always helped bribe the guards to look the other way…

In part 2 of this Important Inflection Point For the PM Complex, we’ll look at some US dollar charts along with a few important currencies of the world. I don’t have to tell you that the US dollar can play a very important role in how the PM complex and commodities...