Gold Editorials & Commentary

The Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist.

Gold closed up 1% this week while Silver gained slightly and miners were down. Gold & Silver remain in correction mode.

As gold and silver have drifted down slightly over the last 3 weeks, gold open interest has plummeted, falling by over 100,000 contracts, but so far only making about a $100 dent in the gold price, just a 4% move.

Last week’s rabid short-squeeze punctured bull-market targets I’ve been drum-rolling for months in Microsoft, Apple and QQQ. Moreover, the bullish look of the S&P 500 chart shown above is so clear and compelling that even the most stubborn permabears will need...

As anticipated, the Federal Open Market Committee (FOMC) voted to hold its federal funds rate target in the 5.25 to 5.5 percent range on Tuesday. FOMC members also revised their forward guidance for the future path of interest rates.

What’s to say about the Dow Jones at this week’s close?  It is still in scoring position in its Bear’s Eye View chart below.  For that reason, it’s best assuming the advance that began last November, when the Dow Jones first closed in scoring position (inside of...

Elliot Wave Analysis of key markets.

As herein anticipated a week ago:  Gold’s weekly MACD (moving average convergence divergence) has now confirmed crossing to negative, despite price’s +1.6% up week in settling yesterday (Friday) at 2348.

GLD is on short term sell signal. GDX is on short term sell signal. XGD.to is on short term sell signal. GDXJ is on short term sell signal.

As the Fed keeps hopes alive for at least one rate cut this year, metals investors are weighing the inflation outlook. Gold and silver markets have recently been giving back some of their impressive gains this year. So far, it looks like a normal correction after a...

According to the World Gold Council head of Asia-Pacific and global head of central banks Shaokai Fan, the “center of gravity” of the gold market has shifted to the East. Gold consumption by emerging market economies is rapidly rising and the majority are...

Gold has generally drifted sideways for a couple months now, consolidating high.  That lack of progress has significantly eroded sentiment, bleeding off greed and stoking bearishness.  But this healthy process is exactly what gold needed to rebalance sentiment. ...

How can we know for sure the stock market is in a bubble? NVIDIA (NVDA) has been up 155% year to date; its market cap is over $3 trillion. The company has gained the equivalent of Amazon in just six months. And it is responsible for just over half of the S&P 500...

Metals and Miners are in the timing window for cycle lows and prices may be very close to bottoming. Gold needs to close above Wednesday’s $2358 high to reverse the post-Fed breakdown and support an immediate bottom.

It's been a wild couple of weeks, with the jobs report, the CPI inflation report, and the Fed announcement. Gold and silver came through it with a few bumps and bruises, but the charts look very good.

Prices held steady in May, the Bureau of Labor Statistics reported on June 12. The Consumer Price Index grew at a continuously compounding annual rate of just 0.1 percent last month. It has grown 3.2 percent over the last year. Core CPI, which excludes volatile food...

The Federal Reserve’s Federal Open Market Committee (FOMC) yesterday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. The target rate has now been flat at 5.5 percent since July of 2023—as the Fed waits and hopes that...

The Federal Reserve released its latest policy statement on Wednesday, followed by another press conference from Jerome Powell, to cap off what was all in all a pretty active day for gold and silver.

Strike up the band and wave the victory banners! Inflation is dead! Or is it? The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it for good, it pokes...

When most people think of juniors, they think about exploration companies and drill plays. The appeal of these stocks is their huge upside potential. One drill hole can change everything and make you rich.

Headlines like this have been pummeling the monetary metals sector in recent days: "Gold Is Getting So Expensive That Even China's Central Bank Stopped Buying."

Upping the ante following the initial weaponization of the dollar in 2022, the United States and a number of allied nations have agreed in principle to begin distributing profits on seized Russian assets to Ukraine.

Most people don't understand the enormity of the national debt, the amount of government spending, or the size of the monthly deficits. As a result, they come up with all kinds of absurd "solutions" to the problem.

In recent years we've seen gold and silver flow to the east. And as Vince Lanci talks about in this morning's show, that's set to continue going forward.

Most gold bugs agree that owning gold feels fantastic… on days when the price is up. Recent key reports and events have brought increased volatility to the market, and this has surprised a lot of investors.

Gold is misunderstood, but the misunderstanding is related to things more complex and nuanced than simple “sentiment” on any given time frame within the very long-term.

The best performing precious metal for the week was palladium, up 0.56%. According to CIBC, Agnico highlighted operational improvements related to the recently commissioned Shaft 4, improvements related to mining methods, and high-grade opportunities in the South...

In the late 1960s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to PF, loose central bank policies set the platform for lower economic growth...

American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic...

Gold has broken out against Oil and is inches from breaking out against equal weighted Commodities index. It has already crushed Bonds. Is the stock market next?