Gold Editorials & Commentary

So, it happened. The USD Index verified its breakout in a beautiful style. That’s really important for gold price.

Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes.

Just to remind you, a few weeks ago, I wrote an article which outlined the potential for a major bear market lasting between 13-21 years. In fact, this may even cause long-term depression. And, there were many comments to that article which mostly took objection to...

A steepening in the yield curve to above 0 and in a vertical fashion indicates an imminent recession. The yield curve has steepened to -0.17 and flashing yellow.

With a CAPE (inflation-adjusted P/E ratio) number that Icarus would have a hard time reaching, the US stock market is ripe for a major fall.

The best performing precious metal for the week was gold, up 0.08%, but just slightly, as a soft PPI data for December amped up expectations of interest rate cuts. In addition, U.S.-led airstrikes on Houthi rebel targets in Yemen likely raised demand for precious...

While it is far from the only important indicator for the markets, the Treasury bond yield curve (10yr-2yr) is very important because it takes what is probably the most important market for macro signaling (the bond market) and gives us a view into the dynamics...

In this first discussion of a longer series focusing on key risk themes nearing a 2024 breaking point, Matterhorn Asset Management principals, Egon von Greyerz and Matthew Piepenburg, open with a blunt discussion on the critical (as well as controversial) topics of...

Gold enters the week at $2052. It has support at $2020 and $2000. Gold is trading at the midpoint of its range and has already tested resistance at $2100.

In today's video I'm going to highlight the pitfalls of giving into your emotions and basically what I'm talking about is buying high and then selling low.

With Bitcoin making the news last week when the Securities and Exchange Commission (SEC) finally approved exchange traded funds, it’s a good time to review the topic again.

The “biggest collapse in the money supply since the Great Depression” continues unabated at this point. The decline in the money supply is nearly three years old and dates back to April 2021.

At its December meeting, the Federal Reserve effectively declared victory over inflation. They didn’t didn’t use those words, but that was the signal given by the policy trajectory laid out by the FOMC.

With the US shooting itself in the foot again, we are now certain that this is the final farewell to the bankrupt dollar based monetary system. More about this follows but, in the meantime, an extremely important warning: If you have never been a goldbug, this is...

Markets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.

Reader Scott Baker took issue last week with my unsettling prediction of a deflationary bust. The mountain of debts that I believe will cause this is really no big deal, says Baker. He quotes economist Michael Hudson to back him up: “Debts that can’t be repaid, won’...

Gary Wagner, the editor of TheGoldForecast.com, joins the show, and we delve into the complexities of the silver and gold markets in the context of current economic projections, interest rates, and the Federal Reserve's policies.

We directly start with this as culled from the second paragraph penned herein a week ago: “…But in seeing the Dollar take flight to start this year … along with the Bond’s fresh demise as yields rise, might renewed inflation be taking first prize?  In other words: ...

As inflation comes in hotter than expected and the federal deficit comes in higher than ever, investors face rising risks in financial markets.

Gold sector cycle is down. Trend is up for gold and gold stocks, and down for USD.

Gold’s vexing disconnect from reported inflation took center stage again this week.  The latest US inflation read came in hotter than expected, yet gold didn’t surge despite being the classic inflation hedge.  This strange incongruity has festered for a few years...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. 

SGS Key Charts, Signals, & Video Analysis

The Consumer Price Index for December came in hotter than expected but it’s a lot lower than it was a year ago. That means inflation is decreasing, right? Not so fast.

After a gentle disinflationary easing (Goldilocks), the bond market is hinting at an inflationary steepening of the 10yr-2yr yield curve. A yield curve can steepen under inflationary or deflationary pressure.

No matter what you read about the December Consumer Price Index (CPI) data, you should keep one important fact top of mind: every number is far above the Federal Reserve's 2 percent target.

There were more corporate bankruptcies in 2023 than there were during the pandemic of 2020. Higher interest rates and massive levels of corporate debt drove the flurry of business failures last year.

Gold miners just moved to fresh 2024 lows, and we saw additional breakdowns. The decline continues, as expected.

In recent years we've seen many of the traditional buyers of US treasuries cut back on their holdings. But what are they buying instead?

Last month, the Bureau of Economic Analysis released 2022 data on state and metro area inflation. These new numbers give us the opportunity to see where the inflationary cycle of 2021–2022 hit hardest. We can also adjust states’ economic growth numbers for inflation...

Adrian Day, the founder of Adrian Day Asset Management, returns to the show and we discuss the current trends and future prospects of gold, silver, and other precious metals. We also explore the emerging topic of central bank digital currencies and their potential...