Gold Editorials & Commentary

The Fed has been trying to create the illusion that inflation is an issue. The guys from the hard money camp also maintain that inflation is an issue and to a point they are right. Their definition of inflation is an increase in the money supply. The Fed, on the...

Hallelujah! Happy days are here again. The jobs report released on Friday August 4, 2017 was a banner one. 209,000 jobs were created in July, well above the expectations of 180,000 jobs. Better still, the June jobs numbers were revised upwards to 231,000 from 222,...

Last week, the VIX, which is the fear gauge for the broad market, hit an all-time low of 8.84. For the majority of 2017, investors have been completely indifferent to external threats to their portfolios and have kept on buying U.S. equities.

The best performing precious metal for the week was platinum, up 3.10 percent on money managers cutting their bearish views on the metal in light of the new Russian sanctions signed into law earlier in the week.  Russia is the world’s second largest producer of...

In July, the Institute for Supply Management’s (ISM) Non-Manufacturing Index fell to an 11-month low of 53.9, 3.5 points below its June reading of 57.4. The index measures the non-manufacturing, services industries such as food services, education, real estate,...

There was some important price action in the Precious Metals Complex this past week as both gold and silver each tested important overhead resistance again. Always keep in mind that time is relative when it comes to the size of big patterns vs smaller patterns. When...

With the low of the 20-wk cycle about two weeks away, SPX has several options for the near term which are discussed above. One of these is still to extend its rally to the 2500 projection target, but it must start immediately, or it will be temporarily deferred or...

Let me show you why I keep stressing that traders should focus most or all of their capital in the stock market.

Somehow I contracted a bad case of cellulitis, a bacterial infection in my left leg. I feel better, but between the infection and the antibiotics, the past three weeks haven’t been pleasant. I don’t want to miss this week’s article, as I enjoy writing them, but I...

For the tenth time in the last four calendar years, gold again has settled out a week in the 1260s, in this case closing yesterday (Friday) at 1264. Not that betwixt and between price has been staid: since 24 January 2014 (gold then 1268), the yellow metal has...

Summer is rolling on…and stocks have taken to the beach for the most part, so we should follow. The metals were looking fine…but are now acting choppy. Consequently, I’m reducing some miners, but still holding a bit.

Inflate or die” was Richard Russell’s characterization of our economic system and the central bank response to most problems during the past three decades. INFLATE THE CURRENCY SUPPLY!  Examine the currency supply as measured by M3 and reported by the St. Louis Fed...

After seeing the largest corrective move to the downside in a month last week the XIV has since then moved mostly sideways. This is likely in anticipation of the Non-Farms Payroll Report scheduled for release on Friday, August 4th.

Speculation is rising from a multi-year low. Our proprietary cycle indicator is up. Gold sector cycle is now up. We are holding gold related ETFs for long-term gain.

The Bigger the Base, the Greater the Upside Case. This saying among technical analysts/chartists helps define where we are today in the precious metals – and where we'll soon be headed. It means that when prices "base" in a relatively narrow sideways range for an...

Here are today's videos and charts.

The gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg. But that vexing underperformance should soon give way to a big catch-up surge. The deeply-out-of-favor gold stocks are now entering their strong season, which...

Gold held steady today in Asian and European trading and was flat for the week, consolidating near the $1,270 per ounce level and the 2.5% gain seen in July. It remains close to a seven-week high hit this week, as the dollar remains weak and vulnerable near multi-...

Spot gold finished July up more than 2 percent, its best month since February, when it returned 3.7 percent. The yellow metal responded to a struggling US dollar, which has lost more than 10 percent so far this year relative to other currencies and is currently at a...

Throughout the history of the United States, there was only one state has ever had to declare bankruptcy, and that was during the Great Depression.  All of that may be about to change, however.  Illinois is presently facing a challenging financial crisis, one so...

The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for US citizens to store their gold in the hopes that it will be outside the reach of the...

As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much as the subprime mortgage industry represented the worst of the worst in excess for...

Gold coins, bars see demand rise of 11% in H2, 2017 to 532 tonnes according to WGC Gold Demand Trends. – Gold investment demand strong in China, India & Turkey. – Demand in Turkey surges on double digit inflation. – Total gold demand declines in Q2 on slower U.S...

The US Dollar has continued to fall hitting a low of 92.72 on Monday, July 31st. The US Dollar also broke through shorter term support levels and is now closing in on long term support that could very well define the longer term trend over the next several years.

I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis.  Seasonality charts are constructed from the past thirty years of historical data.

The dramatic failure of the US Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform.

‘We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.’ There are a lot of warnings on Bloomberg, CNBC and other financial media these days about a bubble in the stock market, particularly in FANG stocks and...

In a better world we might expect: Individuals, corporations, and governments spend no more than their income. “Honest” money is used by all, has intrinsic value, retains its purchasing power and is not counterfeited by individuals or bankers. Governments and...

Many investors rightly believe that the gold and silver markets are moved most by geopolitical events, monetary policy, shifting economic paradigms such as inflation or deflation, and a number of other factors - most of which are covered regularly in this newsletter...

The Dow Jones Industrial Average closed at a new record high on Monday, July 31st closing the day just under the 21,900 level.  The intraday high on the Dow came in at 21,927 which was just 44 points under the bottom end of the 21,971 - 22,429 target zone that we...