Gold Editorials & Commentary

Here are today's videos and charts.

Last weekend we noted that the US stock market was due for a correction. And boy did it get one (sarcasm alert)! All of 1.5% before Nvidia’s in the bag results re-rallied the risk ‘on’ contingent and thus, the stock market. With most of the indexes making new highs...

Could restoring a depleted stash of critical minerals help to bolster security of supply, while also assisting in the energy transition? US recognition of the importance of critical minerals goes back over 100 years.

The sun may be setting on the dollar’s global hegemony. In August 2005, a little-known financial analyst named Richard Bove issued an eight-page report for Punk, Ziegel, and Company, a boutique investment bank based in New York City.

Gold trended higher from 2016 to 2020 and has consolidated around its all-time highs. However, it is not yet in a secular bull market because it is struggling to outperform the 60/40 conventional investment portfolio.

Getting more money is what investing is all about. Gold is the money of kings (and gold bugs!). It’s the greatest money, and all investors should want more.

This week for Ask an Economist, I have a question from Wilson. Wilson rightly notes the Federal Reserve targets an inflation rate of 2% and wants to know why. Why target increasing prices?

Reports on the death of the present cycle of politically motivated monetary easing, in the words of Mark Twain, grossly exaggerated. Contemporary market analyses are full of how the Fed and ECB are dialing back on previous hints of Spring 2024 rate cuts. In tune...

The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government. 

Thomas Parilla, President of Parilla Investment Group, joins the show to discuss the impact of the recent Fed meeting on the markets.

The euphoria with the fourth quarter Gross Domestic Product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the Bureau of Economic Statistics (BES).

I am writing this from home. But I spent five of the last six months of the year on the road. Most of that was overseas. In Reflections last year, I wrote about the gruelingness (yes, that’s a word coined as of right now) of it. So I won’t repeat that, but I’ll just...

There was a sharp selloff in gold and silver last week following the latest government CPI report. Gold dropped below $2,000 per ounce for the first time in months, while silver traded down to the $22 level.

In this video we examine many charts to assess the potential for a stock market top.

All the precious metals rose this week, except for gold. Palladium rose 4.17% and silver gained 3.90%. Barrick Gold over the weekend said that the Nevada Gold Mines is "strongly positioned for growth."

Given how gold price is behaving recently, I’d like to start today’s analysis with the chart featuring the price of the yellow metal.

I have argued that despite cranking up interest rates and running some assets off its balance sheet, the Federal Reserve has not done enough to beat inflation.

The US stock market is in need of a correction. Now, will it get one? On the CPI down day I looked at the market and decided to leave well enough alone because of course they were going to gun it to punish anyone shorting that down day on supposedly bad news (...

The U.S. federal government published a December deficit of $129 billion, up 52% from the previous year. The private sector recession is clear as expenses continue to rise while tax receipts decline. If we look at the period between October and December 2023, the...

Gold & Silver tested $2000 and $22 last week and rebounded to close the week. The miners became very oversold and rebounded from support mid-week.

Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID sell-off in early 2020....

Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.

Justification for gold to move substantially higher in price continues to press the boundaries of imagination. In this article we will try to filter the noise in the headlines and also simplify what has been marketed as something much more complex.

US fiscal realities are well known. Total federal debt outstanding has now reached $34 trillion, up from $98 billion in 1981, $5.67 trillion in 2000, $13.56 trillion in 2010, and $26.95 trillion in 2020. And at 120 percent of the US economy’s productive capacity (...

Chris Vermeulen, Chief Market Strategist at The Technical Traders, joins the show to discuss the current economic landscape as we navigate through 2024. Chris shares insights on persistent inflation, the impact of geopolitical tensions, and the likelihood of a...

“It’s not enough to be against globalism or the WEF, we have to also be for something better.” — Tom Luongo, Gold, Goats ‘n Guns

We don’t need to make analyzing Gold so complicated. At present, it all revolves around the trajectory of the stock market. The Bond market has fallen into a secular bear. Whenever the stock market does, Gold & precious metals will explode higher.

With the overall action seen in past weeks, Gold is still in a correction phase - though is into bottoming territory. As for the U.S. stock market, the SPX has been inside a bigger 'vacuum' window - sucking prices higher - but appears on the verge of a sharp decline...

We yet again reprise that from this year’s first edition of The Gold Update: “…But in seeing the Dollar take flight to start this year — indeed recovering a 10-day losing streak in just the first two days of 2024 — along with the Bond’s fresh demise as yields rise,...

The Dow Jones continues looking good in its BEV chart below.  Since November 17th, the Dow Jones has either closed in scoring position (BEV Values from -0.01% to -4.99%), or at a BEV Zero (0.00% = new all-time high).  So far in this advance (Red Circle), the Dow...