Gold Editorials & Commentary

If you have been watching the “inside of the stock market” over the past six months or so, you’ve been able to see the increasingly popular “soft landing” narrative regarding the direction of the economy play out in prices.

The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.00 percent, an increase of 25 basis points. With this latest increase, the target has increased 4.75 percent since February...

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on...

There was a surge in physical gold and silver purchases following the bank run that led to the collapse in Silicon Valley Bank. And after the UBS takeover of Credit Suisse this past weekend, that surge has continued.

With gold consolidating in the $2000 area, tomorrow’s Fed decision is likely the catalyst for the next move… Which could be a surge toward the $2080 highs!

The national news cycle has careened from one extraordinary and alarming story to the next. The brewing crisis in banks remains front and center. Americans are watching a demonstration on how to take a crisis in confidence and make it worse.

Are my bank deposits safe? Was SVB an anomaly? Will more banks fail? While FTX was allegedly a clear case of fraud, SVB’s collapse was different. It was a result of a duration mismatch of its balance sheet and high-interest rates. 

It’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg. The Washington Post wrote: “If banks were suddenly forced to liquidate their bond and loan portfolios, the losses would erase up to 91...

For those that have followed me through the years, you would likely remember at least one of the many major market directional calls we have made in many different markets through the years. And, while this list is clearly not all-inclusive, it does represent some...

The best performing precious metal for the week was silver, up 10.16%, in response to the strong move in gold. Gold rose to a near six-week high, reports Bloomberg, as ongoing market turmoil linked to Credit Suisse Group AG spurred demand for havens.

Last week the banking crisis was in the US, as Silicon Valley Bank experienced a bank run, which led to its incredibly rapid demise.

In my last update, a few days ago, I thought that the dollar looked like it may have completed an intermediate top, and gold an intermediate bottom.

To pivot, or not to pivot? That is the question Fed Chairman Powell will have pondered over the weekend while tending chicken breasts, franks and burgers spaced meticulously on the grating of a 148,000 BTU grill.

Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%. Many bonds will become worthless.

The favored NFTRH plan is working out well as we planned the Q4 (2022) – Q1 (2023) rally back in November and as lumpy as it has been, it is intact to this day. Amid the fade in the inflation trades, our projected leadership (Tech and Semi, amid a disinflationary...

Events this past week are indicative of what could be a more formidable problem for the Fed, investors, and the economy. Before we talk about that, lets first emphasize the key point made in my article SVB, MMT, TNT.

We begin with this penned from two missives ago: "...two robust up weeks from here could end the Short trend with the 2000s then in the offing..." And that's exactly what Gold did unfold, price ascending from as low as 1813 two weeks ago to as high as 1994 just...

Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week. The collapse of Silicon Valley Bank represents the second largest bank failure in history. While Treasury Secretary Janet Yellen insisted this week that the...

After the painful decline in stock prices last year, many investors have clearly come to the conclusion that this now represents another terrific buying opportunity. And if you look just at earnings-based valuation measures, you could be forgiven for thinking that,...

Adrian Day, the founder of Adrian Day asset management, returns to the show to discuss the recent Credit Suisse default swaps hitting a record high due to the SVB failure and the possibility of more banks failing.

Our proprietary cycle indicator is UP. Our ratio is on buy signal. Trend is DOWN for USD. Trend is UP for gold stocks. Trend is UP for gold.

The biggest gold-stock gains during major gold uplegs accrue in the mid-tiers and juniors.  These smaller gold miners in the sweet spot for upside potential are just finishing reporting their latest quarterly results.  How they are faring fundamentally affects their...

By now, you’ve likely heard about regulators closing down Silicon Valley Bank (SVB) and now Signature Bank as well. While I’m not going to go into all the details, the basic story is described well in this article on Seeking Alpha. Essentially, SVB received a large...

It's been a tough week in the banking sector, as just a few days after Silicon Valley Bank experienced a bank run, and several other regional banks came under pressure, Credit Suisse was back in the news on Wednesday as their share price dropped again after their...

Mario Stifano, CEO of Galantas Gold and Chairman of Dore Copper, joins the show. We discuss the recent SVB bailouts, how larger banks might face similar problems soon, and how this could lead to a surge in gold and silver investments. The question of whether the Fed...

Matthew Piepenburg, Commercial Director at Matterhorn Asset Management, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the ongoing Silicon Valley Bank collapse, and what it means for markets, gold, and Fed policy. Topics cover...

Last week we wrote about the inevitable bullish fundamentals for Gold. Recent events that followed our editorial signal that the inevitable is moving closer to imminent. Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to...

The Silicon Valley Bank fiasco is an in-your-face example of the systemic risk inherent in fractional-reserve banking. (see Elephant In The Room)

Since projecting the Q4-Q1 broad market rally back in November, we have been managing a macro transition within this rally. Based on the leadership of the Semiconductor sector and Tech, it has been dubbed a “Goldilocks” (inflationary pressures not too hot, not too...

What a week we had last week.  As we came into the week, I said I was standing aside, as I was not sure how this would resolve. But, I was going to give the bulls the opportunity to prove themselves early in the week. So, I laid out a very specific path they would...