Gold Editorials & Commentary

Gold imports into India have surged in the last six months thanks to festivals, economic recovery and concerns over a new tax regime and the push for the cashless society in India.

For the benefit of subscribers and to help yours truly to make good decisions, we plot an indicator with ten components on a daily basis, that we refer to as the GDI.  On Monday the GDI closed at 39% and on Tuesday it moved into positive territory with a reading at...

Fed Chair Janet Yellen just announced that the Fed will be kicking the $USD off a cliff. She didn’t use those words, but the words she did use weren’t all that different. But first a little context…

The Fed’s “balance sheet reduction” may have profound implications for the dollar, gold, stocks and bonds. We’ll provide an outlook.

In 1980, the Financial Deep State realized that there existed an extraordinary opportunity for serial plunder and profiteering: the manipulation of the gold and silver markets. They immediately mobilized to exploit it.

Wall Street's largest firm, Goldman Sachs, is throwing in the towel on commodities, which reminds one of 1998, when Merrill Lynch closed its commodities desk very close to the end of a cyclical bottom.

We recently reported how the people of India has swallowed a massive 1,473 tons of silver in the month of May 2017. Not only was this one of the largest months for Indian silver imports it was more ounces of silver than the U.S. Mint had sold Silver Eagles in the...

Most precious metal assets staged a solid “comeback rally” against government fiat yesterday. The deep-pocketed commercial traders are serious gold buyers now.

This post will use Weinstein’s Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.

In recent issues of Seasonal Insights I have discussed two asset classes that tend to suffer performance problems in most years until the autumn, namely stocks and bitcoin. I thought you might for a change want to hear of an asset that will be in a seasonal uptrend...

In the last update we had thought that gold might escape its usual seasonal malaise this year, but it didn’t and went into a rather sharp downtrend and dropped again quite sharply on Friday. The good news though is that this drop has not impacted the big picture at...

The best performing precious metal for the week was palladium, down just 0.34 percent on little news over the week.  Gold traders and analysts remained bullish for a third week following North Korea’s test of an intercontinental ballistic missile, writes Bloomberg...

Of the 14 commodities we track closely at U.S. Global Investors, wheat rose to take the top spot for the first half of 2017, returning more than 25 percent. The grain was followed closely by palladium—used primarily in the production of catalytic converters—which...

In May 2007, in Subprime America Infects Asia and Europe I predicted a severe financial crisis was imminent: the risks that have lain dormant beneath globalization's foundation are about to erupt and a reordering of the world's financial geography is about to ensue...

The big news this week was the flash crash in silver late on 6 July.  We will publish a separate forensic analysis of this, as there is a lot to say and see.

There is some evidence – which will need to be confirmed next week – that SPX is getting ready to start the final wave of its terminal pattern. Consequently, this could take it to about 2500 before we can start the long-awaited intermediate correction.

The good news is that gold finally has departed its seemingly inescapable 1240-1280 box. The bad news is that such departure was beleagueredly to the south, price settling out the week yesterday (Friday) at 1212. To be sure, per the above opening panel, gold's...

The Dow Jones hasn’t seen a new all-time high since June 19th.  But as the Dow Jones’ BEV chart below shows, it closed the week in scoring position, only 0.53% away from a new all-time high.  If the bulls are willing, the Dow Jones could see a new all-time high at...

The short week was quite volatile as traders sat on the beach…and the weakness in metals was the standout in my books. Let’s move right into the charts and check the carnage.

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down. A major consolidation is in progress and now near completion. We are holding some positions for long-term gains.

The gold miners’ stocks have drifted lower over the past month, slumping back to major support.  This weakness has naturally intensified the bearish psychology engulfing this small contrarian sector, traders want nothing to do with it.  Yet summers typically see...

Here are today's videos and charts.

August Gold is struggling to hold above a 1217.50 Hidden Pivot support and would need to pop to at least 1248.30 in the next 3-5 days to get out of jeopardy. Failing that, we might expect the futures to continue down to at least 1194.40 in search of traction.

The London Metal Exchange (LME) and World Gold Council have just confirmed that their new suite of London-based exchange-traded gold and silver futures contracts will begin trading on Monday 10 July. These futures contracts are collectively known as LMEprecious.

A recent Capital Economics (CE) report shines an unforgiving light on Illinois’ ongoing budget woes—and what it finds isn’t pretty. The crisis, which has affected every level of government in the state, is a cautionary tale for not only public spending run amok but...

Over half the world’s population, living in the Eurasian land mass, understands that gold is money. The leaders of the Asian nations also know that this is true as well. The leaders of the security and economic alliance of the Shanghai Cooperation Organisation,...

Gold attracts its fair share of detractors. But the most common objections to gold as money, and as a safe-haven asset within an investment portfolio, are misplaced. Anti-gold myths are ubiquitous.

The biggest frustration to many precious metals investors, is why have the gold and silver prices under-performed the market since 2011?  Actually, for gold it was since 2012.  Even though gold hit a new record high of $1,900 in September 2011, its average annual...

Precious metals are “real assets” and “best defense” against bail-ins and cashless society in the economic crisis which is “on its way”

Contrarians Heading For The Woods After Yellen's "Not In Our Lifetimes" Comment. "Would I say there will never, ever be another financial crisis? You know probably that would be going too far but I do think we're much safer and I hope that it will not be in our...