Gold Editorials & Commentary

Inflation in the United States has fallen from its elevated levels a couple of years ago, although not quite all the way to the Federal Reserve’s target average rate of two percent per year.

I'm going to do an update on the stock market and let's call it a mini crash. I don't think this is going to be a major crash but a mini crash.

The precious metals sector was likely to decline, and that’s exactly what it did yesterday. The USD Index soared once again, also as we expected.

Will history repeat? Will this final week of September be like last year, with gold rallying $100/oz higher from here, then trading sideways for a month, and from there gold bugs enjoy a spectacular rally that continues from November to March?

The best performing precious metal for the week was silver, up 1.86%. AngloGold Ashanti agreed to sell its entire 50% indirect interest in the Gramalote Project to B2Gold for a total consideration of up to $60 million. B2 owns the other 50% already. Under the terms...

The US economy reached a concerning milestone with inflation hitting 3,000 percent under the Federal Reserve. This high inflation rate has been exacerbated by the pandemic recession and subsequent recovery, which saw the highest unemployment rate since World War II...

The health of the world economy is clearly linked to the health of global leaders. That clearly raises the question if unhealthy leaders create a diseased economy or if an ailing economy creates sick leaders.

In this video we take a look at the positioning in Gold’s CoT with respect to Open Interest and the Net Spec Position ahead of previous breakouts in the Gold price.

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to...

We're getting into the final few days of an intermediate decline, and I'm talking about the stock market...it will ignite the next easy phase in metals once the stock market bottoms.

If you’ve read the Introduction from this Anti-Concepts of Money series we can now discuss the Anti-Concept: GDP

While everyone else twiddles their thumbs and waits for the next missive from the Federal Reserve, the bond market has spoken loudly and clearly about the near-term (and, possibly long-term) direction of interest rates.

My estimation of global official gold reserves hit 38,764 tonnes in Q2 2023, breaking its previous record from 1965. The new high confirms the world has entered a new era of gold. Central banks will continue to accumulate gold and the metal’s role in the...

The bullish gap on the chart holds ominous implications for the global economy, since it removes almost all doubt that interest rates on U.S. Treasury Bonds are headed significantly higher.

Jeffrey Tucker, a writer, publisher, and entrepreneur, returns to the show to shed light on the escalating inflation numbers not only in the United States but also in Canada and Europe, revealing the dire state of the global economy.

It’s been three weeks since I last commentated on the Dow Jones’ BEV chart below, and not much has changed. Now in late September, as 2023 approaches its conclusion, maybe that is the story of the stock market. That since March, the Dow Jones has refused to deflate...

On the heels of last week’s piece “Gold – Fundamentally Fabulous, Technically Torturous“, we’ve given consideration to some infamous tortures foisted upon mankind across the centuries.  And how well-documented they are!

Fears of inflation remaining stubbornly high, and interest rates going higher, rattled financial markets this week.

Gold sector cycle is down. Trend is up for USD, up for gold stocks and down for gold. COT data is not helpful at this point.

The coordinated UAW strike is a war between blue-collar workers and their white-collar overlords. All three automakers (General Motors, Ford, and Stellantis) are striking in unison for the first time. I believe this to be a pivotal turning point. 

Here are today's videos and charts.

Fed hawkishness has been the rankling thorn in gold’s side for 18 months now.  Since the Fed started this monster rate-hike cycle, every material gold and gold-stock selloff has been driven by the threat of more rate hikes.  Those boost the US dollar, triggering...

I warned the miners were weak, and they again buckled under the pressure. As a result, yesterday’s comments remain up to date, and I encourage you to read them to understand what should unfold in the weeks ahead.

Based on the five to seven day rule for a bloodbath phase, bonds are on day one, what it looks like to me, so they probably got four to six more days to go. That means stocks have four to six more days to go before they turn and go back up. Gold may sniff out a...

While the Federal Reserve had its latest policy meeting this week and left rates unchanged once again (while still suggesting that there might be one more hike in 2023), they didn't comment on some of the longer term dynamics that have left so many concerned about...

Following Wednesday’s Federal Reserve meeting, the gold market is at a make-or-break moment: if key support at $1,885 can hold over the coming weeks, gold should be set to break to new all-time highs later this year or early 2024. However, if this key support fails...

A reversal can be powerful. Two are often a game-changer. We just saw three. On Wednesday, I wrote the following: The momentum remains positive, so reaching this target – close to $1,965 – might be what triggers the reversal.

Gold is also now breaking above the major downtrend line connecting 2080.70, 1987.60 and 1953.00, which is suggesting that we are going to be moving sharply higher from here!

Once again it's time for another Federal Reserve policy meeting, where they provide their latest update on their balancing act between keeping up their fight against inflation, and avoiding a recession/banking collapse in response to the higher interest rates.

In late April, we timely warned about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On June 29th, with gold reaching an intraday low at USD 1,893 we turned bullish.