Gold Editorials & Commentary

The best performing precious metal for the week was gold, but still down 1.01%. Gold was only up by 0.09% last week yet still appears to have support above $2,000.

Bullion investors are naturally concerned about unsound monetary and fiscal policy. Many of them buy precious metals, in part, because they recognize the federal government is out of control when it comes to borrowing and spending.

Chinese gold demand improved in 2023 even as the price in yuan soared. China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market.

As the Austrian School economists know full well, inflation distorts price signals unevenly. It may be tempting to try to filter out inflation from any given good or service to find its real price had the currency supply never been inflated in the first place, but...

When forecasting stock prices, it helps to view the market as a crazed creature driven by fear, greed, and most of all, stupidity. Of course, everyone but the “theme”-obsessed chimpanzees who purport to manage your money understands that the stock market’s heedless...

Many economists claim that economic growth is driven by increases in the total demand for goods and services, additionally claiming that overall output increases by a multiple of the increase in expenditures by government, consumers, and businesses.

We welcome back Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, and we discuss the current and future trends in the commodity market, particularly focusing on gold and silver.

It was another bad week for precious metals as Gold declined 1%, Silver over 2% and the miners lost over 6%. The S&P 500 closed the week at a new record high. The Gold to S&P 500 ratio closed the week at a new 17-month low.

With the action seen over the past month, Gold has been locked inside an expected correction phase, with the U.S. stock market still inside a larger 'vacuum' period - one which will take us into the next 'kill zone' date for that market.

The Dow Jones closed the week at a new all-time high.  This wasn’t its first, since the 12th of December, the Dow Jones has been rising to new all-time highs, or BEV Zeros in the Bear’s Eye View chart below (Red Circle).  In this advance into market history, so far...

Wherein a week ago we wrote of “Gold Biding Time”, the yellow metal has since proceeded from time biding to price sliding, settling this past week yesterday (Friday) at 2032.  And from our purview, purely the culprit appears technical.  Indeed as previously penned...

Coming up we'll hear an interview with David Morgan of The Morgan Report. Be sure to stick around and hear the Silver Guru's take on the current market conditions and what to expect in the metals space in 2024.

Our proprietary cycle indicator is DOWN. Gold sector cycle is down. Trend is up for gold and gold stocks, and down for USD.

Which countries have the most gold? Central banks around the world have aggressively added gold to their reserves over the last several years.

New Jersey Governor Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.

Gold’s latest record-achieving upleg continues grinding higher on balance.  But gold’s strong technicals have yet to attract back investors, identifiable gold investment demand looks dead.  Little capital has been allocated to ride this upleg, which is quite unusual...

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 mainstream psyche has latched onto a Goldilocks scenario where inflation dies, interest rates fall, and the economy glides to a soft landing. People should probably read the end of the story because Goldilocks dies.

I launched this business with a simple thesis. Interest will draw gold into the market; without interest, gold disappears into private hoards. The obvious reason is that people want a return. Without a return, they put their gold away and seek to avoid risk. A...

Gold mining companies are historically undervalued compared to gold itself. While there are never any guarantees in the investment world, should gold indeed break out to new all-time highs in 2024, the potential exists for a tremendous revaluation higher for the...

I have been writing about Gold’s super bullish cup and handle pattern since 2021. The pattern is super bullish because the handle consolidation of the past few years has transpired above the 38% retracement (around $1675/oz), and the peaks are above the peak from...

All situations in which the anti-concept of inflation is occurring for whatever reason, while at the same time there’s little economic growth for any or no reason, and also unemployment is high by some standard for an unstated cause which could be anything from...

After a year and rally that pushed the gold and silver prices higher, the precious metals have been off to a slow start in 2024 with both metals lower on the year.

So, it happened. The USD Index verified its breakout in a beautiful style. That’s really important for gold price.

Gold appears to have built solid support above $2,000 an ounce, but momentum to move higher in the short term has eased with uncertainty about the timing of Federal Reserve rate hikes.

Just to remind you, a few weeks ago, I wrote an article which outlined the potential for a major bear market lasting between 13-21 years. In fact, this may even cause long-term depression. And, there were many comments to that article which mostly took objection to...

A steepening in the yield curve to above 0 and in a vertical fashion indicates an imminent recession. The yield curve has steepened to -0.17 and flashing yellow.

With a CAPE (inflation-adjusted P/E ratio) number that Icarus would have a hard time reaching, the US stock market is ripe for a major fall.

The best performing precious metal for the week was gold, up 0.08%, but just slightly, as a soft PPI data for December amped up expectations of interest rate cuts. In addition, U.S.-led airstrikes on Houthi rebel targets in Yemen likely raised demand for precious...

While it is far from the only important indicator for the markets, the Treasury bond yield curve (10yr-2yr) is very important because it takes what is probably the most important market for macro signaling (the bond market) and gives us a view into the dynamics...