Gold Editorials & Commentary

Through the recurrent bubbles and collapses of recent decades, I’ve often discussed what I call the Iron Law of Finance: Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors...

Below is a combo chart that shows the TLT:GLD ratio chart on top and the GLD on the bottom. This chart shows you when the ratio is falling GLD is rising and when the ratio is rising GLD is falling. Notice back in 2008 the ratio was at its high and GLD was at its...

The US$ price of gold has soared +377% from 2001 to date. That’s a compound annual growth rate (CAGR) equal to 13.4%. Contrast gold’s monumental appreciation with the pathetic performance of the Shanghai Stock Exchange Index and the miserly return of US Treasuries...

The German index, the DAX, has been Europe’s shining light in recent years. But dats about to change if my analysis is correct. Let’s proceed with a top down approach beginning with the yearly chart to put it all in perspective.

BIG PICTURE – Over the past few weeks, geo-political tensions have increased in various parts of the world and we have also experienced a sovereign debt default. Despite these developments, the majority of the stock markets have held up relatively well and so far,...

SPX had a good rally after meeting its stated downside target. Last week’s behavior -- which found strong overhead resistance exactly where it should have -- has brought an aura of uncertainty about what comes next. At the very least, some consolidation should be...

The step sum is a single item Advance – Decline Line. In other words; if gold, silver or the Dow Jones is down from the previous day’s close, we give it a value of (-1), if they end the day up from the previous day’s close, we give it a value of (+1). So a step...

The Indian stock exchange, the BSE SENSEX, seems relatively neglected compared to its more famous counterparts in the US and UK. But with a country in excess of 1 billion people, I feel it should garner more respect on the world stage. Based in Mumbai, the home town...

The US government’s decision to apply more sanctions on Russia is a grave mistake and will only escalate an already tense situation, ultimately harming the US economy itself. While the effect of sanctions on the dollar may not be appreciated in the short term, in...

I will answer the title's question first with a flat "NO" and then explain. Thursday, Vladimir Putin made the comments "Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy"... and...

Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – down as of 8/8. COT data suggests a top is in for the metals.

The metal had developed a long-term inverse "head and shoulders" pattern on the chart. This is a bullish pattern that often signals the reversal from a bear market to a bull market.

Gold C&H Patern, Silver Slow Stokes, GDX Tentative Breakout & GDXJ Target Zone Chart Analysis via videos.

The gold stocks are almost certainly in the early stages of a major new upleg. Given the widespread apathy and antipathy still plaguing this beaten-down sector, that’s hard for most traders to swallow. But the gold stocks’ performance this year has already been...

Outside of the sound practice that is physical gold ownership in a time of monetary gamesmanship, the precious metals sector is all about speculation, at least according to 9 out of 10 chart jockeys and momentum junkies micro managing every short-term twist and turn...

On June 30, U.S. authorities announced a stunning $9 billion fine on French bank BNP Paribas for violations of financial sanctions laws that the United States had imposed on Iran, Sudan and Cuba. In essence, BNP had surreptitiously conducted business with countries...

Why could September be fateful for the precious metals complex? First, consider its history within the current secular bull market. The years 2005, 2007, 2009 and 2010 have seen very important breakouts in either or both Gold and gold stocks in the month of...

In this so often ungraceful world of money we are getting the opportunity to witness a coming of age. A story filled with bobs and weaves, peaks and valleys moments of joy and years of sorrow the likes of which are book worthy. An opportunity so grand that simply...

For decades, investors have lived by the adage that you should not “fight the Fed.” In simple terms, this meant not investing in a fashion that went against the Fed’s policies. If the Fed was easing, you didn’t want to be short. And if the Fed was tightening, you...

Since my last report on gold and silver, both commodities have bounced from their lows. Does that mean the pullback low is in? Yes and no. Gold looks safe while silver looks shaky. Let’s examine both commodities price charts.

There are several potential disasters that could disrupt the financial and political status quo, much like what happened after an Archduke was shot 100 years ago.

In our opinion no speculative positions in gold, silver and mining stocks are now justified from the risk/reward perspective. When one looks at gold and silver prices and their moves yesterday, it might seem that nothing happened in the precious metals market. That’...

Prior to 2002 the Fed would tighten monetary policy in reaction to outward signs of rising "price inflation" and loosen monetary policy in reaction to outward signs of falling "price inflation", but beginning in 2002 the Fed became far more biased towards loose...

Last week, European Central Bank (ECB) head Draghi talked about the de-coupling of the ECB and the Fed’s policies, of policy divergence. Lots of pundits have suggested the same. With due respect to their views, my analysis of the data suggests they are wrong. If you...

Most investors buy gold because they are nervous about the financial system, government debt/bureaucracy, central bank money printing, and dangerous geopolitical developments. In a nutshell, that’s the “fear trade” for gold.

Quietly, and with little fanfare, Gold has begun to make some very interesting moves… The precious metal has been in the doldrums sine 2013, moving sideways throughout the last 18 months. However, today Gold looks like it wants to move higher:

An article caught my eye this week. The Tirumala Tirupati Temple in India has deposited gold at the State Bank of India, and is getting paid interest on their deposit. There is something unique about this. The interest is paid in gold.

This week began with gold prices still holding above $1300 an ounce after rebounding back above this level to two-week highs last week on rising tensions both on the Ukrainian-Russian border and between Moscow and the West. Tensions in the Gaza strip as well as U.S...

Elon Musk, CEO of Tesla Motors, told the Guardian last year: “The lessons of history would suggest that civilizations move in cycles. You can track that back quite far—the Babylonians, the Sumerians, followed by the Egyptians, the Romans, China. We're obviously in a...

In the middle of July the stock market finally awoke from its QE-induced coma and realized the Federal Reserve’s tapering, which has been going on for the last six months, was for real. Like a child, who becomes accustomed to a parent that threatens punishment but...