Gold Editorials & Commentary

Gold rose towards key resistance a week ago. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a “profit booker’s delight.”

We know that central banks and governments have lost the plot. When the crisis started in 2006, US short rates were 5%. In 2008, they were down to zero and have virtually stayed there ever since. A crisis package of $25 trillion was thrown at the financial system....

Last week, the ECB decided to permanently stop producing the €500 banknote. The ECB’s decision is a manifestation of a widespread war on cash declared by some central bankers, politicians and economists. The reason cited by the ECB are concerns that the €500...

The price of gold moved down slightly this week, while that of silver dropped more substantially—1.9%. We don’t see much decrease in the enthusiasm yet from this minor setback.

It was somewhat of a subdued week for metal prices following the gains of the prior week. The best performing precious metal for the week was platinum, up just 0.32 percent on little impactful news.

The gold to silver price ratio determines the relative value of the two precious metals and is a useful parameter in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).

The first answer that comes to one’s mind is yes, as this economic recovery has been nothing but an illusion. The unemployment rate might have dropped, but the way the BLS (Bureau of Labour Statistics) calculates this figure is questionable at best.

The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 percent on average and as much as 30% in some areas according to City AM today.

SPX appears to have completed the first phase of its correction on Friday by reaching a P&F phase correction as well as a strong support level. This price area also corresponded to a normal downside projection for the H&S pattern which formed as a top. It...

The Euro remains locked in a big consolidation phase and with the Brexit vote coming up I thought I’d take another look. Let’s look at one scenario on the daily chart that I think has some good potential going forward.

When I last published this Bear’s Eye View of the Dow Jones Index a few weeks ago, it appeared the Dow Jones Index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, or the Dow’s last all-time high...

Last week was a typical example of the ‘Slowly but surely’ heading of US Markets of the previous weekend; a case of two steps forward and then one back. Sometimes two. ‘Marking time’ is another expression often used for the kind of behaviour when there is much...

I like the odds that Friday marked the bottom of the daily cycle and half intermediate cycle decline. The next daily cycle should be right translated as well and rally at least into the second week of June before the market starts to get nervous about the Brexit and...

Stocks continue to hold up…but aren’t acting strong by any means. I remain in an all cash position as we may still be setting up for a try into new all-time highs in the S&P500, but at the same time, we may see some volume come in to push us lower in the week...

It has been my nature from the earliest point, I can remember that I have always looked for inspiration in the underdog. There is no logical reason for this, as my upbringing was about as “middle of the middle” as it could be. However, all the stories, movies, and...

Below is a long-term weekly chart we’ve been following which shows the breakouts and back-testing that have been going on for several months with GLD and SLV, and just 5 weeks or so for the HUI. This big picture look from 35,000 feet shows how infant this new bull...

Gold and silver ARE money. Neither is a “currency,” although money is often cited as interchangeable with currency. Take the Federal Reserve Note, [please!], as an example. A Federal Reserve Note [FRN], is more commonly known as a “dollar.” Even though the word “...

Gold sector is on a new major buy signal. The cycle indicator has just turned down this week, suggesting a multi week correction is starting. Silver is on a long term buy signal. Short term is on buy signal, but caution is advised to those who are chasing this...

There has been a lot of talk about how gold is not a good inflation hedge. Indeed, with the recent bounce in inflation expectations, this was shown to be true over a short timeframe, at least in relation to silver and other commodities. Gold sagged while the more...

Nearly two months ago I published a video in which I discussed conventional CoT analysis and the mistake many investors might make assuming Gold and gold stocks would undergo a big correction. The fact is a bull market that follows a nasty bear usually stays very...

The gold-mining stocks have skyrocketed this year, radically outperforming every other sector. Smart contrarians who bought them low late last year and in January have seen their capital doubled, tripled, and even quadrupled! But such blistering gains raise the...

This is a special preview of the KE Report Weekend Show. President of The Commodity of Monetary Research and Education (CMRE) and founder of Myrmikan Capital based in New York, Dan Oliver kicks off the KE Report Weekend Show.

Buy gold and ‘get out of the stock market,’ legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York.

The specter of government forcefully confiscating gold is still roaming around out there. That nagging prospect dampens many buying decisions, unfortunate at a time when gold, and especially silver, are near historically bargain basement prices when measured in fiat...

On Tuesday night, Ted Cruz suspended his campaign. The reason was Trump’s spectacular victory in Indiana. The billionaire took all 57 delegates. On Wednesday, John Kasich also decided to end his GOP presidential run. The truth is that he never had any chances to win...

I was sent an interesting note by Armstrong this morning about his perspective on quantitative easing. In it, he addresses how Bill Gross is wrong about QE. While his ultimate point is correct, his underlying analysis is wrong:

Europe has banned the use of €500 bills. The reason? They claim these bills are used in money laundering and for drugs. And if you believe that is the concern, you probably believe the earth is flat.

On Tuesday, the European Commission cut the forecast for GDP growth in the Eurozone this year, despite surprisingly strong growth in the first quarter. The economy of the 19 countries sharing the euro is expected to rise just 1.6 percent in 2016, down from 1.7...

The coming ‘sharia gold standard’ or shariah compliant gold could lead to a very significant source of new demand for physical gold coins and bars in the Islamic world. It is believed that this will contribute to much higher prices and gold “soaring” as some of the...

Liquefaction: … 3: conversion of soil into a fluidlike mass during an earthquake or other seismic event, 4: inability of flooded capital markets to absorb additional capital without destabilizing paper assets, e.g. stocks, bonds, currencies, etc., 5. a monetary...