Gold Editorials & Commentary

However high stocks climb, there will always be an earnest, bespectacled egghead on Wall Street ready to tell us why shares are likely to keep on rising. Here’s Yung-Yu Ma, chief Investment officer for a firm called BMO Wealth Management and a finance professor at...

When it comes to US national debt (now over 120% of its GDP), we and many others, have been openly warning for years that it’s not only a national embarrassment (and managerial sin), but that such abstract trillions of debt are also mathematical deterrents to...

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when...

Gold is consolidating bullishly but sector weakness casts doubt it can break $2100. The key support levels remain $2000 in Gold and $22 in Silver.

As occasionally is our wont, we start with stocks.  And specific to the somewhat sensationalized title of it all going wrong, “This” is applicable not just to now, but realistically since mid-year 2020 upon the S&P 500’s complete recovery from its COVID collapse...

Our proprietary cycle indicator is DOWN. 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.

Coming up in a few minutes is a special interview with Money Metals CEO Stefan Gleason… covering all the latest developments on the sound money battlefront. With state legislatures now in session, there’s a ton of activity with respect to precious metals sales taxes...

The gold stocks’ latest earnings season is nearing, and it should prove awesome.  Plenty of the major gold miners were forecasting lower costs heading into year-end, which boost profits.  Amplifying them much more, last quarter gold achieved its first record closes...

Here are today's videos and charts.

The bubble in ‘no holds barred’ monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade. Gold, meanwhile, will not be ready until the “post” bubble.

We detail the current breakdown of precious metals against the stock market. Gold, Silver and gold stocks are breaking down to multi-year and in some cases multi-decade lows relative to the stock market.

Central banks gobbled up gold again in 2023. Central bank gold buying fell just 45 tons short of 2022’s multi-decade record. According to the World Gold Council, central banks net gold purchases totaled 1,037 tons. It was the second straight year central banks added...

In this episode of Midweek Money Metals’ Memo, host Mike Maharrey provides some examples of this strange phenomenon, and then explains why this is going on. It all boils down to the market’s addiction to the drug of easy money.

Gold has been going sideways now for several months with resistance at $2100. With interest rates coming in the next few months central banks around the world have been buying gold and precious metals traders are expecting a big rally above $2100 to occur as that...

The Federal Reserve recently disclosed its preliminary income and expenses for 2023, revealing an unprecedented $114.3 billion in operational losses. Somewhat surprisingly, Fed officials seem unconcerned about this financial performance.

After the collapse of Bretton Woods in 1971 several European central banks tried setting up a new gold pool to stabilize the price and move to a quasi gold standard. The US wanted to phase out gold from the system and enforce a dollar standard on the world.

As we predicted, Jerome Powell threw a bucket of cold water on gold and the rest of the markets, and we’re now experiencing sell-offs as expectations reset.

When conversations come up regarding government debt, the focus is usually on the national debt. The $34 Trillion national debt (not to mention the $80 trillion in unfunded obligations from Social Security and Medicare) is crucial to understand, but that often means...

Money supply growth fell again in December, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. December's drop continues a steep downward trend from the unprecedented highs experienced during much...

The most attractive gold juniors are those with assets in established mining jurisdictions, preferably in close proximity, and on trend, to mines operated by the majors.

Huge breakouts in markets are accompanied by long bases and very low volatility. Gold is in a long base and its volatility indicators remain in position for Gold to move explosively if it breaks $2100.

I have written that the commercial real estate market could be the next thing to pop in this bubble economy and that could lead to the next major financial crisis.

Can pigs fly? Perhaps they can, but with US stock markets soaring and wage pressures intensifying, it’s very hard to see the Fed engaging in aggressive rate cuts.

After writing publicly for over 13 years, I have come to notice that the landscape has very much changed. There were many through the years that have attempted to take me to task for my differing perspective on the market.

The best performing precious metal for the week was gold, rising 0.86%. With the odds being roughly even that the Fed would start cutting interest rates at its next meeting in March, gold came out of the gate on Monday well bid.

In the last few weeks we have been allowing for, even anticipating a renewed bout of inflation concerns as the yield curve (10-2) steepens, nominal yields had dropped significantly to support and now finally CME traders lunge to the ‘no cut’ view for the March FOMC...

The probability of interest rate cuts has many market participants pondering whether 2024 will bring a bull market for precious metals. Gold has held up quite well despite the Fed’s tightening cycle, gaining 13% in 2023.

Most mainstream economists believe the application of quantitative methods on historical data can explain the state of the economy. Others such as Ludwig von Mises held that the data utilized by economists is a historical display, which by itself cannot provide the...

Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees, citing a forecast for weaker shipping demand in 2024. The company said the downsizing will save about $1 billion in employee costs.

The Federal Reserve’s most recent policy statement came with a curious omission. Fed officials removed language from previous statements that proclaimed “the U.S. banking system is sound and resilient.”