Gold Editorials & Commentary

The purpose of this update is to point out that the PM sector correction may be completing RIGHT NOW, with sector indices at the 2nd low of a potential Double Bottom. Whether it is or not depends on the outcome of next week’s Fed meeting – if they announce a rate...

The best-performing precious metal for the week was palladium, down slightly by 0.41 percent. In an overall down week for the precious metals sector, palladium remained flattish. Following the release of disappointing U.S. economic data Friday morning, which reduces...

The Fed is running a virtual repeat of 1937. The common narrative is that the Fed “didn’t do enough” during the Great Depression. This is used to justify the Fed’s use of non-stop extraordinary monetary policy post-2008. But it’s a total lie.

The short-term technical picture is a mixture of positives and negatives. We must wait for a clearer indication of the market’s intention - and this should come over the next few days.

My long-term projection to the $2150 level is still operative. However, the short and intermediate-term look decidedly grim. Unfortunately, gold will track up or down depending more on world politics than any fundamental considerations. Trying to predict what’s...

The ‘usual’, also called the ‘new normal’ is persisting despite some thoughts that the game rules will have changed now that September is the month. The DJIA is not allowed to decline below 18000 without some serious expenditure of effort – and, presumably, dollars...

We opened last week's missive by highlighting Gold's having risen, what was then, for the ninth week of the prior 13. Now given this week's 19-dollar slide, 'tis of course risen in nine of the prior 14. Still on balance, fairly stout stuff. In fact, were Gold to...

There was some excitement on Tuesday. The Dow Jones was down 1.41% and the NYSE saw a day of extreme breadth (more on that below). But the Dow Jones recovered from its early week losses, and ended the week higher than last Friday’s close. The question in my mind...

Over the past few weeks a number of Fed officials, including Fed Chair Janet Yellen, have mused about an interest rate hike at the September FOMC that takes place next week, on September 20-21, 2016. The interest rate decision comes out around 2 pm EST on September...

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical...

Gold has been moving sideways and is still within a multi-month consolidation pattern since early July. There was no reason to chase gold. Yet nothing to worry about it neither. Instead I think this will come to an end rather soon!

Gold sector is on a major buy signal. Cycle is down. Investors stay patient and wait for the correction to complete, then cost average in at the next cycle bottom. Silver is on a long term buy signal. Short term is on sell signal. Silver is in a correction and can...

Stocks suffered a very choppy weak as we enter the seasonally 6-8 week weak stretch. I’m expecting lots of volatility with a few trades. Moreover, I’ll also be looking for dip buys when they come. However, we may not see a nice trend higher until November or later...

Gold’s young bull market has totally stalled out in the past couple months. This major loss of momentum following gold’s powerful surges in 2016’s first half is really souring sentiment and vexing traders. They are trying to figure out if gold’s recent...

Quantitative Easing (QE) is a risk. Negative Interest Rate Policy (NIRP) is a big risk. Governments using the threat of terrorism as an excuse to dramatically increase their own powers and reduce individual freedom is a huge risk. X hundred trillion dollars of...

We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial crises, thanks to the successful actions...

The markets don’t like uncertainty – and that’s what we’ve got until the next Fed meeting on 20th – 21st of this month, a week from now. So despite various Fed regional governors trying to talk the market up in the meantime, there is likely to be a downward bias. On...

Stocks looked shaky on the close Wednesday, having failed to muster the short-squeeze rally we’ve come to expect in the final hour or so of every session. If the broad averages continue to fall, Ricks Picks subscribers will be well prepared. Many reported legging...

Buy gold as bonds are in the “biggest bubble in the world” and it “a very dangerous time in the global economy” according to billionaire investor, Paul Singer.

As big as previous real estate and stock market bubbles have been, the current global bubble in government debt dwarfs them all. Not only is it far bigger in size and scope (some $60 trillion in sovereign bonds now trade globally); it is also unprecedented in...

Friday's 2% + decline in the equity markets was impressive. After a record run of low volatility and muted price action, equities suddenly awakened and plummeted lower. This is exactly the sort of action I expected (although favoring upside price move) when I titled...

The Stock Markets often predict the outcome of Presidential elections. If stocks are up – or even if they just are flat – the party which holds the White House tends to win the election. If stocks are down – especially if they’re down big time – the opposite party...

The Gold to Housing ratio is a quite useful measure for evaluating relative values between real estate and gold, and also has an interesting historical track record for identifying turning points in long-term gold price trends. In light of the surge in gold prices...

Today’s price action generated a distinctive pattern on the intraday charts with the potential to tell us whether the powerful selling we’ve see in recent days might be the beginning of a bear market. Notice how this morning’s follow-through to Friday’s steep plunge...

Stocks have been in an uptrend for more than five years - and the Dow Jones Industrial Average has more than tripled since 2009 lows. I am concerned that these gains are overinflated and pumped higher through these policies of the Central Bankers. Consequently,...

A lot of traders I know were thinking that a low on Monday would be it -and then off to the races. I was in that camp too. The problem is the rising wedge was never broken. So what now? Pretty much the same for the SPX and GDX: another strong rise on Wednesday...

The market action this past week started out quite strong, and raised many hopes. However, since I do not have a clear 5 wave structure confidently developed off the recent lows, I have to put hopes aside, and view the market in a dispassionate manner. And, that...

“Kindly let me help you or you’ll drown, said the monkey to the fish as he placed him safely up the tree.” – Unknown. The financial system (mistaken for the economy) is so bloated with risk that any number of events could trigger an explosion that would reach much...

As we all know, exchange-traded funds (ETFs) have increasingly become the hot menu item, attracting a lot of money away from actively-managed funds such as mutual funds. But don’t discount active management just yet! There’s still plenty of room in your portfolio...