Gold Editorials & Commentary

The S&P500 lost 1.23%. The Dow Jones Industrial Average lost 1.09%. Indices around the world also fell… The Euro Stoxx 600, which tracks 600 of Europe’s biggest companies, lost 3.12%. Germany’s DAX lost 3.80%. Japan’s Nikkei 225 lost 1.96%.

Which of these best defines your thinking during periods when it seems failure is the likely option? If at first you don’t succeed … cut bait and scram. The race doesn’t always go to the swiftest of foot but the surest of step.

Clearly the title to this piece will be viewed as controversial, if not entirely heretical, by many readers. However, the facts (and more importantly) the economic principles here are unequivocal. “Bigger” is not better.

Last week the clock ran out on the Fed's latest bluff. They have gone 55 meetings over 80 months without a single tightening or rise in interest rates. Last week was supposed to be "different" and a tightening of credit was predicted by something like 82% of...

It appears we may be entering into another bout of deflation by the looks of some of the charts I’ve been evaluating. The US dollar will be the key driver if this second leg down is going to take hold. Many of the commodities charts are looking pretty heavy right...

A case study of physical gold stored in London Vaults in LBMA 400 troy ounce gold bars has been undertaken by Ronan Manly, Koos Jansen, Bron Suchecki and Nick Laird.

The Bank of England announces its latest cunning plan in its ongoing 'War on Cash' under the cover of Europe's refugee crisis that is witnessing Eastern European hypocrisy, such as that of Hungary forgetting its own past of sending hundreds of thousands of refugees...

Monday’s moderate weakness looks innocuous in the context of the bullishness of the 240-minute chart shown. Notice that the presumptive C-D phase of the rally begun from 1081.40 in early August stalled precisely at the 1141.90 midpoint pivot.

The future direction of the planet is between the central bank’s counter-party paper Ponzi currency or the independence of real money. Foresighted central banker John Exter is famous for his classification of risk assets. Using Exter’s Golden Pyramid the riskiest...

I want you to take note of the title to this write up. I did not ask if the 4 year correction has come to an end. The reason is that all indications are still that lower levels will be seen. But, it does not mean that the market cannot continue to rally before...

We were very bullish on gold starting from 2002 and our bullishness continued until the beginning of 2011. In 2011, we started to voice concern as the Gold camp was chanting “Kumbaya my love”, and almost every Tom, Dick and Harry in the Gold market were all busy...

Gold prices retreated on Monday after a strong rebound last week after the US Federal Reserve announced that it will not be raising interest rates. In what has become the most highly anticipated meeting of the Federal Open Market Committee (FOMC), the Fed announced...

As I write this update, US stock markets have already given up all of yesterday’s gains this morning. To make an already-bad situation worse, “Quadruple Witching Hour” occurs on Friday. Individual stock options, stock futures, stock indexes and stock index futures...

Gold was a little softer in the overnight session, reaching a low of 1125.70, at the time this Post was being written. We expect further minor softness as the COMEX session progresses.

All serious students of economics well know there are several factors that can inflate stock values…and even cause them to soar beyond common sense and corresponding fundamentals. However, there is one factor that dwarfs all others in its disproportionate material...

Gold prices peaked in January 1996…and then fell for 3.5 years into a multi-decade low. It was the age of stocks, debt, leverage, and good times; nobody needed or wanted gold.

For some reason there was a late flurry of expectations that the FED was going to raise rates this past week. Many in the media would like us to believe that we’ve finally transitioned out of an economic intensive care and that the economy is ready to stand on its...

The world economy appears to be stalling… Yesterday, we got news that South Korea’s exports dropped 14.7% since last August...their largest decline since the financial crisis. It’s far worse than the 5.9% drop economists were expecting.

A quietly panicking Janet Yellen and the Federal Open Market Committee (FOMC) decided the U.S. economy still isn’t ready for an interest rate hike last week and left the Fed funds rate at essentially zero – the same level to which the Fed’s credibility has now sunk...

What Keynes would think of today’s “Neo-Keynesians” Unlike his acolytes, he understood the value of gold and the dangers of currency debasement

'Plunging' Group Metals: This was a tongue-in-cheek description of platinum group metals in a recent overview of PGM supply, demand and pricing by Macquarie analysts. Clearly it’s apt. The PGMs have performed miserably in the past year. Platinum, worst in class, is...

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.

Last week the theme was that – just like a pressure cooker with the relief valve tied down – mounting pressure in the markets were closing up to the red line where an explosion becomes imminent. While it is impossible to name the exact day when it could happen,...

The stock market is rapidly running out of props. First off, corporate sales and profits are rolling over. As Charlie Bilello recently noted, we’ve had two straight quarters of Year over Year drops in corporate revenues.

Silver was the best performing precious metal last week, up 3.9 percent. It outperformed gold for the week on the back of increased offtake by industrial users and coin makers. Confidence in gold as a safe-haven asset returned following dollar weakness after the...

As mentioned in an earlier post this morning, the TRIPLE THREE safe havens, the Yen, Bonds and Gold, are all getting a boost in today’s session with the Bonds being the stand out performer as can be expected.

The prices of the metals moved up a bunch this week, with gold + $32 and silver +$0.55. We have seen some discussion of gold backwardation in the context of scarcity, and hence setting expectations of higher prices. That’s good, as the swings from contango to...

There are quite a number of ‘standard’ chart patterns that have been recognised as such since the early years of Technical Analysis -- and there are probably no TA practitioners who do not accept their existence and with near consensus on how the patterns should be...

Markets didn’t do much this past week until the Federal Reserve failed to raise rates. Consequently, we saw stocks rise and fall and rise and fall until Friday…when they just fell late Friday.

SPX looks as if it made a classic counter-trend rally top on Thursday -- and confirmed the reversal with additional weakness on Friday. I still believe that whatever corrective pattern it made, it was the mid-point of a measured move which, if it is completely...