Gold Editorials & Commentary

For obvious reasons; most of the discussion in the precious metals sector over recent months has focused on the gold market.

Banks face another global financial crisis worse than 2007-8 warns the normally conservative Swiss-based Bank of International Settlements as a $10 trillion central bank bond mountain leaves them perilously exposed to higher interest rates.

The bearish sentiment in the gold market has become almost surreal.

Jim “mighty man” Rogers believes the current bearishness in gold and silver is surpassed only by the bearishness insugar. 

Gold continues to struggle and so do explorers.  I am seeing encouragement in the trading of some discovery stories but this is a very small subset of the junior sector.  

It's not correct to think of today's currencies as being 'backed' by the international reserve assets held by the central bank or government.

To many observers, deflation was a thing of the past in the wake of the QE3.  The Fed’s asset purchases, which drove down bond yields to record lows, were thought to have tamed the global deflationary problem once and for all.  What they didn’t count on was the

Photographic demand for silver has fallen 70% from its peak. What could possibly fill that gap...?

By reviewing gold’s latest correction on a percentage basis, we can put things into a little bit better perspective. The 2008 correction was 26%; the current correct thus far has been 30%. In short, we’ve been here before though you wouldn’t know it from all the...

The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma.  This is a rare event indeed as even the 2008 violent panic crash produced a low around 48% below the 200dma at that time.  This current crash on the Australian X

Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength of demand in the East.

[ed: 'Risk Off' might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators – including a sentiment extreme exactly opposite to the contrarian bullish extreme of 1 year ago – flashed warnin

My father as a child in England in the 1920 and 30s said his heart would burst with pride at school seeing a map of the world one quarter red with the British Empire.  His feet were wet and cold as his only shoes were worn out.  His was the common experience as

Legendary businessman Steve Forbes once said, “Everyone is a disciplined, long-term investor until the market goes down.” It’s challenging to have the fortitude to hold on to investments during a one-day carnage event like last Thursday.

Wednesday June 19th, the bond and stock markets had a bad day.  We saw more of the same on Thursday; only worse.  Doctor Bernanke testified before Congress that he was going to begin “tapering” his current Quantitative Easing’s monthly quota of “monetizing” $85

Well, well.  What a pounding the metals took this week.  It’s no fun to grasp at hopes and dreams while your assets tumble to the weeds.

As usual the Federal Reserve media reaction machine has fallen for a poorly executed head fake. It has fallen for this move many times in the past, and for its efforts, it has tackled nothing but air. Yet right on cue, it took the bait once more.

Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect.  So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in the same manner, and to the ongoing surprise of most.

A constant reminder that the major trends in gold/USD have reversed two years ago. Its wise not to live in the past.

Winston Churchill is famously known for having said, "The further back you look, the further ahead you can see,"  and indeed, historical precedent is one of the few tools we have at our disposal when studying major market trends, and i

In last week’s column I showed charts of how the market has alternated between significant bull and bear markets since the top in 2000, and how Warren Buffett has been right so far in his prediction in November, 1999 that, “Over the next 17 years equities w

Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position.

The US market is resilient, and major market tops are built slowly. Distribution volume and the lack of leadership are significant now. The average investor is probably too optimistic at this stage of the market. Better opportunities lie ahead after a market...

After the October 2012 top, gold has been in decline for nearly nine months, and this week it dropped to another low that has the radio/TV gold hucksters changing their tune from "buy gold because it's going higher" to "look how cheap gold is, buy on the dip".

In April the gold price buckled and fell $330, $200 of which took only two days. It was a well-engineered bear raid, initiated by over 400 tonnes of ‘short’ positions on the COMEX futures and options market.

Even before this week’s latest Fed-tapering scare, gold stocks remained firmly entrenched as the most-hated sector in all the markets.  They are as deeply out of favor as they’ve been in their entire dozen-year secular bull, hyper-oversold and radicall

Sometimes words speak louder than actions.  That has certainly been the case lately with the Fed hinting that it may taper off asset purchases by the end of this year.   

I first warned my clients about this in mid-May writing,

As we see gold and silver prices plunge lower (again) today; it becomes an especially good idea to step back, and look at the Big Picture of these markets. Why? Because nothing happened today.

Indubitably the future  price of gold will rise in all currencies, but the increased Yen value will leave other currency gold prices in the dust.

Here's why!