Gold Editorials & Commentary

It is the ‘opinion of the European Central Bank’ that the deposit protection scheme is no longer necessary: ‘covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent...

A new bond issue from Chicago is rated AAA. That’s great because it means the city’s finances are on the mend, right? Nope, just the opposite. Here’s the story: Bondholders fret as alchemy turns Chicago’s junk to gold

Over the past few weeks, we have looked at the effects of falling interest rates: falling discount applied to future cash flows (and hence rising stock and bond prices), and especially falling marginal productivity of debt (MPoD). Falling MPoD means that we get less...

They finally did it. Since 2008, Central Banks have been desperately trying to generate inflation. They know they cannot produce growth (hence why both the Fed and the ECB abandoned this as a goal in their statements back in 2013)… so they have chosen to “target”...

November traditionally marks the start of the best six months of the year for stock markets. At least, that is what the record shows. The Dow Jones Industrials (DJI) has since 1950 had an average gain of 0.6% from May to October vs. an average gain of 7.5% from...

UNESCO is warning that the number of internet shutdowns is increasing worldwide. According to Statista.com when reporting data provided by digital rights platform accessnow.org, “internet access has been curbed 116 times in 30 countries since January 2016.”

The current correction in SPX is likely to continue a little longer and deeper. It is also expected to be the last one before an intermediate top is struck.

When the next market crash occurs, global gold investment demand will likely overwhelm supply.  When this occurs, we could finally see the gold price surpass its previous high of $1,900.  Now, this isn’t mere speculation, as we already have seen this taking place in...

In wrapping up last week's missive we simply wrote: "As to what we see for Gold in the new week: not much." What did we get? Not much. Not that a net change for the week of 0% is nothing, given gold's having to endure a micro-crash yesterday (Friday) before settling...

The Saudi Kingdom will fall, a longstanding Jackass forecast, an inevitable event. The Saudi Kingdom will fall alongside the ruined collapsing Petro-Dollar. The Saudi foundation has been the primary element to entire Petro-Dollar system.

The week ended with the Dow Jones Index closing down on Thursday and Friday. Still the week closed with the Dow Jones only 0.60% below its last all-time high made on Wednesday, far from its BEV -5% line seen in the BEV chart below. Seventeen months have passed since...

In both 2015 and 2016, the price of gold bottomed in December, as one can see in the chart below. Will that pattern repeat itself this year? Well, there are some strong arguments in favor of that scenario. First, the price of gold actually started to decline in mid-...

Speculation favors overall higher gold prices. A pullback in the dollar is supportive for the metals. GLD is on short-term buy signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal. Gold stocks relative to...

As I’ve been noting again, again, again, again, and again the macro backdrop is marching toward changes. I’d originally thought those changes would come about within the Q4 window and while that may still be the case, it can easily extend into the first half of 2018...

Here are today's videos and charts.

Gold has largely been drifting sideways for the better part of a couple months now, sapping enthusiasm. Gold investment demand has stalled due to extreme stock-market euphoria. Investors aren’t interested in alternative investments led by gold when stocks seemingly...

By first impressions, the latest World Gold Council report could make for pretty dismal reading if one were to consider the headlines that followed its release. Much of the focus was on the fact that record and reported gold demand was at its lowest last quarter...

You are undoubtedly aware of one or another stock market anomaly, such as e.g. the frequent weakness in stock markets in the summer months, which the well-known saying “sell in May and go away” refers to. Apart from such widely known anomalies, there are many others...

A longstanding curiosity in the investment business has been the disinterest in precious metals among institutional investors. Whether from the handful of consultants now leading the institutional space, or directly from the stewards of our nation’s pension,...

Gold prices held most of yesterday's 1.0% jump against the Dollar and touched new 3-week highs for Euro investors on Tuesday, trading higher as crude oil rose and Saudi Arabia accused Iran of "direct military aggression" tantamount to a declaration of war.

Recently I identified five agents of change that I believe investors should know about right now. I’d like to add one more to the list: Mohammad bin Salman. The crown prince of Saudi Arabia, 32, was little known outside the region before this past weekend when he...

For almost a year now the PM stock indexes have been building out a triangle trading range that has yet to be determined if it is going to be a consolidation pattern or a reversal pattern. With big patterns one can lose sight of what is really there, as the longer a...

From John Rubino: “We’ll Look Back At This And Cringe” “Millions of people out there still bear the psychic scars of buying gold at $800/oz in 1980 or a tech stock at 1,000 times earnings in 1999 or a Miami condo for $1,000 per square foot in 2006.

Last week, the Bank of England opted to increase interest rates for the first time in a decade. Since then alerts have been coming thick and fast for Britons warning them to prepare for some tough financial times ahead.

JP Morgan, at least according to the daily Comex warehouse report, added over half a million ozs of silver to its “historic” stash of silver at the Comex:  TF Metals Report.  It would be even more interesting to see an actual independent accounting of that specific...

Platinum “may be one of the cheap assets out there” and “is cheap when compared with stocks or bonds” according to Dominic Frisby writing in the UK’s best-selling financial publication Money Week.

The synergistic relationship between gold and economic growth is quite healthy, and poised to become even more healthy in 2018 – 2019.

On April 5, 1933, President Franklin D. Roosevelt issued an executive order making private ownership of gold illegal. The order forced Americans to sell their bullion to the Treasury at the then legal price of $20.32. 

Investors need to be concerned that the U.S. Stock Market is well beyond bubble territory as it has now entered into the final stage of a Super-Charged Tulip Mania.  Not only are stock prices inflated well above anything we have ever seen before, but valuations are...

Gold production in the world’s largest gold producer and buyer fell by nearly 10% in the first half of 2017 in what may be another indication of peak gold.