Gold Editorials & Commentary

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...

Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-...

There is an untold story in American monetary history. Some are reluctant even to discuss it. I’m referring to the US Secret Service’s very own role in the destruction of sound money in America.

A clip from the 1990 movie Home Alone where the lead character purchases groceries, household goods, and toys recently went viral because he paid a total of $19.83 whereas today the same purchase would cost over three times as much.

Gold has outperformed both stocks and bonds since the turn of the century. Gold was among the best-performing assets of 2023.

From a liquidity flows perspective, this year is off to a fabulous start for gold bugs of the world. Back in 2015, I received many emails of concern from amateur precious metals investors. What was the concern? The concern was that analysts and hedge funds were...

Much of what is thought and believed about the stock market is based upon fallacy and a lack of understanding, which was easily seen in the comments section of one of my recent articles.

Gold historically sees a January rally, based on its performance over the last decade. The precious metal typically posts a 3.5% increase during this month. Gold has already started 2024 on a strong note, building on 2023’s 13% gain.  Investors are now pricing in an...

In this opening MAMChat for 2024, Matterhorn Asset Management principles, Egon von Greyerz and Matthew Piepenburg, take a sober look ahead at a macro environment riddled with undeniable event-risk—from geopolitics and asset bubbles to debased currencies and...

The outlook for pension systems is growing increasingly dire. Promises made to retirees have been generous and they can only be kept if prices for all kinds of assets move consistently higher.

Lower interest rates and massive asset purchases by central banks are the monetary tools of choice when it comes to restoring shocked financial systems. The idea being that making the cost of borrowing cheap for individuals and businesses will entice them to spend,...

In my Friday’s intraday Alert, I wrote that the post nonfarm-payroll rally wasn’t here to stay. It didn’t. As is always the case, it’s a good idea to check for previous analogous situations before claiming that “this move” is real or fake. This time, it was the...

There is an untold story in American monetary history. Some are reluctant even to discuss it. I’m referring to the U.S. Secret Service’s very own role in the destruction of sound money in America.

It was a quiet week for Gold, Silver and the miners. Resistance remains at $2100 for Gold, while Silver remains well below $26. The miners lost 4%-5% on the week.

The stock market is so pumped with hubris, lies and delusions that I’m beginning to doubt whether the bull market will see Microsoft rally to $430 before everything comes crashing down. I’ve been using MSFT as a bellwether because it has been the strongest megacap...