Gold Editorials & Commentary

The US stock markets’ Fed-driven melt-up has accelerated again in recent weeks, with a string of new nominal record highs. This has reignited truly extraordinary levels of greed, euphoria, and complacency. But for traders who have witnessed past bull toppings,...

There is uneasiness across a number of markets with moment-to-moment volatility grinding almost to a halt. It contributes to a feeling that this is the calm before a storm. It is not unusual for there to be a summer lull, or for one market to suffer disinterest...

My articles @ WhyNotGOLD.com are admittedly not read by millions of readers monthly, but I do record some 20,000 page reads according to my analytics. Daily I am contacted to discuss purchasing precious metals. Next, the discussion always diverges to articles and...

Yes you read that correctly. The miners have begun another leg higher because the evidence strongly supports the view that they have formed a higher low. Only time will tell for sure but the evidence is quite strong. It seems that every analyst was calling for a...

Thus far 2014 has been a fertile year for really stupid economic ideas. But of all the half-baked doozies that have come down the pike (the perils of "lowflation," Thomas Piketty's claims about capitalism creating poverty, and President Obama's "pay as you earn"...

The short answer: yes. The complete answer, however, is a bit more complicated and depends on exactly what one considers to be a super spike.

In the previous week’s Chart of the Week, (Is there a Bear Case for Gold? – June 5, 2014) I mused as to whether there was the potential for another drop for gold in the works. The thought that gold could once again put in another scary plunge was based on the...

The gold (GLD) and silver (SLV) price may be reversing over the next couple of weeks. The junior miner gold ETF (GDXJ) is reversing above the 50 day moving average and breaking above its recent three month downtrend.

We have been talking about how there had been no bubble in US stocks and how the economy is doing just fine. We have also been talking about how the bubble is in policy and that the economy and stock bull market have been created – yes, like Frankenstein’s monster...

I'm gonna vary it up here and go with some bottom up analysis beginning with the daily chart.

While the West has been mesmerized by the chaos in Ukraine, surely to become an implosion site, while attention has been directed on the Negative Interest Rate Policy coming into view, surely to become the norm for banker skimming on yields, while focus has been on...

Wall Street and mainstream economists are abuzz that we’re seeing a recovery in the US due to the latest jobs data. These folks are not only missing the big picture, but they’re not even reading the fine print (more on this in a moment).

Briefly: In our opinion no speculative positions in gold, silver and mining stocks are justified from the risk/reward perspective. The precious metals market moved higher yesterday, which was in tune with what we've been expecting. The key question is if gold,...

After nearly six years of unprecedented intervention by the world’s top central banks, the world’s financial markets are hopelessly broken. What used to be accepted as market gospel and guided investors’ decisions in the marketplace, before the 2008 financial crisis...

I ran across a business show last week that advertised that its guests would give out stock picks. That piqued my curiosity, so I watched to see what they would recommend. For disclosure purposes, a chart was shown that listed if the speaker, his family, his fund,...

According to a study by the Boston Consulting Group, privately held wealth increased to $152 trillion globally in 2013. Compare this to estimates putting the US federal government's total debts and liabilities alone at anywhere from $78 trillion to $200 trillion and...

Technically, all sectors of the gold market look bullish. Regardless of whether a daily chart, weekly chart, or a monthly chart is used, all technical lights are green.

After some considerable selling of gold from the SPDR gold Exchange Traded Fund in the preceding months, early in 2013, Goldman Sachs came out with a warning that the gold price was going to fall and fall heavily. It did after Goldman Sachs and JP Morgan Chase...

Just last week Jeff discussed the fallacy of GDP, comparing our lot to that of Jim Carey’s as Truman Burbank, the unaware mark in the Truman Show. In that blog, Jeff discussed one of the main problems with relying on GDP (Gross Domestic Product) as a measure of...

Predicting the future, like getting old, ain’t for sissies. Questioning the bull market is even more treacherous. Howard Gold, writing for MarketWatch, makes fun of seers who made what he calls “the four worst predictions to gain traction over the past few years.”...

This is the first valid longer term buy signal since December 2008

The purpose of this note is to draw attention to the extreme technical positions in the market for gold and silver. The information is derived from the weekly Commitment of Traders reports, and the monthly Bank Participation reports. It should be noted that while...

In this Weekend Report I would like to look at some charts for the precious metals complex and some stock markets that have been moving opposite to each other since the PM sector topped out in 2011. Has this Divergence run its course, or not?

Although gold remains on the defensive following its latest breakdown, the longer-term outlook remains very good. We can see why on the 2 long-term charts shown below. On the 14-year log chart the retreat from the 2011 highs still looks like a correction within an...

The platinum group metals (PGM) are platinum, palladium, ruthenium, rhodium, osmium and iridium, which are usually produced together. The uses of PGM’s include jewelry, computer hard disks, fiberglass, alloys and as catalysts.

Since today’s theme is unmitigated Central bank failure, let’s start with a picture that tells a thousand words – of how the “Land of the Setting Sun” is on its last legs and where America, Europe, and the rest of the world’s fiat currency anchored economies must...

What a world we live in. The Ph.Ds. managing our financial markets have apparently discovered a means to bypass the law of supply and demand. Since January the Federal Reserve has tapered tens of billions of dollars from their monthly QE purchases and in response...

We saw a strong week for markets and select stocks as bears back-peddled from their mountaintop cries calling for a major downturn. To me it still seems we’re in a major bull market, but still early, and any corrections should be relatively shallow as we just saw....

The world has never been in a position like this before, where all global currencies are fiat and dependent upon central banker power. The push for a New World Order is inexorable, and make no mistake, the monied elites are fully in control, or almost so. We...

Long term – on major sell signal since Mar 2012. Short term – on sell signals. Gold sector cycle – down as of 3/21, ending the up cycle since 12/27. COT data is not supportive for higher prices overall.