Gold Editorials & Commentary

While artificial intelligence and robots may replace many workers at some point, inflation can still rise in that environment, and central banks will continue to hike rates to fight it. Commercial banks follow the Fed when it hikes rates, and they restrict fiat...

The best performing precious metal for the week was gold, but still down 0.38%. U.S. GDP came in higher than anticipated and pushed the dollar up on expectations the Fed still has room to raise rates higher.

The world economy should have collapsed in 2008 were it not for a massive Hocus Pocus exercise by Western central banks. At that time, global debt was $125 trillion plus derivatives. Today debt is $325 trillion plus quasi-debt or derivatives of probably $2+...

Those who are looking to get rich quick can try their luck at lotteries, casinos, or highly leveraged derivatives markets. Most who do will, predictably, end up getting poorer.

We are entering the period where the unsophisticated novice type trader, or even hedge funds that are afraid of underperforming, will start to really chase the market.

Multiple factors support a recession starting in the second half of 2023 and lasting well into 2024. Record business tax refunds are keeping employment healthier than it otherwise would be. Gross Domestic Income turned negative in the fourth quarter of 2022,...

My ‘Chipotle indicator’ suggests that CMG, along with other high-fliers and the broad averages, could fall by at least 27% from recent highs before the bull market resumes later this summer.

Jeffrey Tucker, a writer, publisher, and entrepreneur, returns to the show to discuss the current state of the economy, interest rates, and inflation. He explains Powell's plan to combat inflation by raising interest rates.

Vince Lanci joins me to discuss the Gold market and three things. He informs us the details of the contract rollover last week that caused Gold to jump $40 on some trading platforms. He also discusses the three reasons why Gold is holding up well and then what will...

Let’s start with this, courtesy of the “It’s Not About Us Dept.” A week ago we herein thoroughly vetted the state of these Big Three eventualities:  Gold’s stop, Fed’s pop, S&P’s flop. Thus in the spirit of the late, great Meatloaf:  ““Two Out of Three Ain’t Bad...

Last week I covered Barron’s Confidence Index (CI), the yield spread between Barron’s Best Grade (BG) & Intermediate Grade (IG) Bonds, where I noted yields for BG were always lower, as they offered lower risks to bond holders. So, since January 1934, for the...

Rate hike concerns are weighing on precious metals markets this week. The Federal Reserve lifted its benchmark funds rate by a quarter point as expected on Wednesday. Many investors had been looking for central bankers to signal that would be the final hike of the...

Current data supports overall higher gold prices. Our ratio is on a sell signal. Trend is DOWN for USD. Trend is UP for gold stocks. Trend is UP for gold.

According to the Congressional Budget Office, the U.S. government posted a $225 billion budget deficit for June, up 156% from a year earlier. This means, the first nine months of fiscal 2023 showed a deficit of $1.4 trillion, which is up 171% from the amount seen...

The gold miners’ stocks have resumed grinding higher on balance, mean reverting out of their summer-doldrums selloff.  Their usual seasonal autumn rally driven by gold’s own looks to be gathering steam.  Outsized Asian gold demand typically fuels solid-to-good...

Here are today's videos and charts.

“The monetary base is the total amount of a currency in circulation or held in reserves. Money in circulation is anything that is held and used by the general public while reserves refer to commercial bank deposits and any money held in reserves by these...

There's been a volatile reaction in the gold and silver markets in the 24 hours following the Federal Reserve's latest interest rate hike. The metals jumped slightly higher following the announcement, before selling off sharply on the COMEX open in New York this...

Trading Recommendation: Go Long gold. Use puts as stops. Active Positions: Long gold, with puts as stops!

Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: Issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse...

If you’ve read the What is Money? essay from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Velocity. That pseudo-equation MV=PQ described in the What is Money? essay leads us to the anti-concept velocity.  

We have Mike McGlone, a macro strategist at Bloomberg Intelligence, joining us in this video. Our discussion revolves around the current banking crisis and the possibility of a deflationary period.

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review market moves as the Fed nears the end of their rate hikes, and if commodities might keep getting upward traction if inflation pops back higher over the next few months.

Since my last article from late-June, Gold has seen the anticipated bottom - with its next upward phase currently deemed to be in force. The current rally should have further to run, though is anticipated to end up as an eventual countertrend affair.

No market moves up or down in a straight line, and there are pullbacks, pauses, and corrections. See, one doesn’t invalidate the trend.

While tomorrow’s US interest rates announcement can help push gold to key short-term buy or sell zones, the big picture for gold is mainly about Chindian citizen demand versus mine supply.

Last weekend, I questioned whether a crash can still set up for much later this year? And, the answer is, "of course." This week, I question the opposite - that is, can we still get to the all-time high? And, the answer is also "of course."

On July 9 the US dollar index (DXY) slipped under 100 for the first time since April 3, 2022, with cooling US inflation data released on July 12 maintaining the trend of a weaker greenback against a basket of other trade partner currencies.

The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month.

Gold is set to eke a third weekly gain despite going into next week’s likely 25-basis point lift in interest rates. Markets expect the Federal Reserve to pause again on further hikes.