Gold Editorials & Commentary

Gold sector cycle is down. Trend is up for USD and down for gold & gold stocks. Waiting for a new set up to trade the short side.

The Federal Reserve somehow surprised traders with a hawkish rate cut this week.  While that had been expected, apparently the Fed’s projected rate-cut trajectory slowed even more than feared. So market reactions were violent, including the US dollar blasting higher...

We’re in the “blastoff” zone now for a lot of the junior miners. Here are today's videos and charts.

Frank Shostak recently wrote that an increase in the supply of gold by itself cannot cause a boom-bust cycle as described by the Austrian Business Cycle Theory (ABCT). If that were true, then Austrians would have no explanation for booms and busts prior to central...

Man stares at potential double top in his Roth IRA. Every week the man stares at the chart of his Roth IRA and then posts it in the Portfolios segment of NFTRH reports. The IRA takes in no contributions, so the chart is based on its market performance only.

The Money Metals Midweek Memo celebrates its milestone 50th episode with host Mike Maharrey delivering an in-depth analysis of economic principles, investment trends, and the current state of the gold market. 

It's easy to think of "inflation" as an abstract economic principle and forget that it has real impacts on real people. Federal Reserve Chairman Jerome Powell acknowledged the pain of price inflation during his press conference at the close of the December FOMC...

Powell finally admitted that inflation is higher again and that the Federal Open Market Committee that sets the Fed Funds Rate expects inflation will be even a little higher still in 2025. As a result, the FOMC made the one rate cut still expected of it by markets...

Gold has been selling off with increasing worries that price inflation isn't quite under control and the Federal Reserve might have to slow the pace of monetary easing. Is this a mistake? Or should we follow the crowd?

We're quickly coming towards the end of what's been an historic year for the gold and silver markets. Gold has been hitting new record highs all year, while silver finally crossed the $30 level, and at one point even broke $35 per ounce.

The head of Russia’s largest oil producer says gold could become the dollar’s main competitor in world trade. Russian policymakers have a vested interest in undermining the dollar, so their rhetoric should be taken with a grain of salt, but it’s worth paying...

The Fed Funds Rate is being guided down by the 3mo. T-bill yield, while the 2yr yield rises. CME wiseguys are 95% sure of a .25% Fed Funds rate cut by FOMC tomorrow. We know this, and we know that it is the assumption by a vast majority.

Ten days ago I published a Deeper Dive featuring a number of interviews with people from the week before, saying a huge blow-off top in the stock market was imminent—huge as in, at least, a 50% plunge. Now, nine days later, the Dow has completed its longest (nine-...

Goldback is set to release the Florida Goldback Series with three new denominations. (i.e., 1/2, 2, and 100). Goldbacks are a neat form of fractional gold -- made with a small amount of physical gold embedded within a polymer sheet. The note-shaped gold products...

US president-elect Donald Trump has floated a seemingly radical policy idea, although it goes back to the early days of the American nation: financing the Federal government with revenue from tariffs rather than income taxes. 

The German economy was once a global industrial powerhouse, showing a strong resilience in times of crisis as well as significant productive growth in periods of expansion.

While the gold price is in the short-term doldrums (after a massive rally over the past year), the world’s most savvy gold bugs are buying maniacally.

Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky. With inflation worries mounting, investors sold gold.

In a captivating episode of the Money Metals podcast, host Mike Maharrey sat down with Jeff Clark, a prominent precious metals and mining analyst, founder of TheGoldAdvisor, and author of Paydirt: Mining for Profits with Gold & Silver Stocks.

One of the key forces driving the gold price over the past 2 years has been the buying spree that the central banks have been on.

How many hours of work would it take to purchase one ounce of gold? Now you’ll know.

“I think instinctively – I can’t prove this, we’re going to learn about this empirically – but it seems to me that the neutral rate is probably higher than it was during the intra-crisis period. And so, rates will be higher.”  (Jerome Powell, July 2024)

The best performing precious metal for the past week was gold, up 0.27%. According to Bank of America, central bank gold inflows totaled 2,575 tons over the past five years, with the largest buyers being China (+412 tons, a 22% increase in holdings), Türkiye (+359...

Gold’s break out of a 13-year cup and handle pattern is likely the start of a new secular bull market. However, as we wrote last week, a new secular bull market in the entire precious metals sector cannot begin until Gold breaks out against the conventional 60/40...

Piepenburg rolls up his sleeves with a blunt assessment of BTC’s so-called “digital gold” slogan, which, based on the very definitional elements of money and the mathematical elements of volatility, clearly makes BTC neither a store of value nor a medium of exchange...

The World Gold Council has just released its gold forecast for 2025, which they expect to be a 'range-bound' year for the metal.

Gold’s net change for this past week was a wee +0.4%; yet ’twas hardly mute en route.  Prior to settling yesterday (Friday) at 2666, price was boffed about by another geo-political “spike n’ sink”, further impinged by November’s StateSide inflationary data.

According to the latest monthly statement from the Treasury Department, the US government spent $668 billion in November, the second month of the 2025 fiscal year. That’s in addition to October’s spending total of $584 billion, for a total of $1.25 trillion in...

Gold is currently down $19 here on the day as of this Friday morning recording and trades at $2,673 – up an even 1.0% still for the week. Silver, meanwhile, which was essentially unchanged on the week through Thursday’s close, is off 50 cents here today to trade at...

Gold sector cycle is down. Trend is up for USD and down for gold & gold stocks. Looking for a new set up to trade the short side.