Gold Editorials & Commentary

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.

At long last, complaints of gold price manipulation and suppression got some respect this week from the Official Monetary and Financial Institutions Forum, a London-based group connected with central banks. 

Given gold’s recent decline and a much bigger decline in silver and mining stocks, one might wonder whether miners’ and silver’s weakness are telling the truth about the precious metals market’s outlook, or if it’s gold that’s been holding up relatively well.

Gold stocks remain big bargains, still priced for bygone much-lower gold prices.  Gold miners are earning enormous record profits, fueled by gold’s powerful bull market.  Yet traders have been slow to recognize this, leaving gold stocks seriously undervalued...

Gold tested crucial resistance around $2,760 and then reversed sharply. Unless there’s a rapid shift, this likely signals the end of the current rebound. Silver stalled above $33.00 on Thursday, and the likelihood now leans towards a secondary decline towards $28.50...

Here are today's videos and charts.

It seems the best we can hope for on the inflation front is a CPI report “in line with forecasts.” The mainstream media was giddy, and the markets responded positively to the November CPI report because every metric came in as expected.

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey explored the rocky relationship between Bitcoin, gold, and their roles in today’s financial world. 

In a recent interview with Charlotte McLeod of Investing News Network, JP Cortez, Executive Director of the Sound Money Defense League, shared insights into the organization’s progress, challenges, and goals. 

During his 2024 presidential campaign Donald Trump repeatedly and in grave terms highlighted the possibility of the US dollar losing its world reserve currency status. This occurred at summits with business leaders at the New York and Chicago Economic Clubs.

The 10yr-2yr yield curve remains on its new steepener. The macro is grinding along, subject to daily noise that drives nominal yields up or down (today’s noise du jour is in-line inflation and a projected Fed rate cut). But the 10yr-2yr yield curve does not really...

VON GREYERZ partner Matthew Piepenburg joins David Lin for a blunt-spoken perspective on the realities facing the incoming Trump administration. Tariff actions, job reshoring, DC “swamp cleaning,” and USD policies are juxtaposed against inevitable inflation...

After reaching a new all-time high of USD 2,790 on October 30th, 2024, gold prices experienced a sharp and rapid pullback, hitting a low of USD 2,535 on November 14th. This correction was driven by a combination of speculative profit-taking and broader market...

The ratio of gold stocks (GDX) to broad US large caps (SPY) has work to do to recover. However, recover I believe it will. Before the election the GDX/SPY ratio had made a nice bottoming pattern and base. Then just before the election it broke up and out from the...

Matthew Piepenburg, Partner at VON GREYERZ, closes out 2024 with a no-holds-barred conversation with Grant Williams of Things That Make You Go Hmmm. Together, they dive into the fallout of the post-Trump election era and shift focus to the deeper, often-overlooked...

After a six-month pause, China's central bank officially resumed gold purchases in November. According to data released by the People's Bank of China, it added about five tons of gold to its reserves in November.

Gold and silver prices started selling off after it became clear that Trump was going to win the election. Although just a few weeks later both markets have recovered in the midst of more geopolitical tension and the indication of more easing from China.

Gold continues to march higher from the $2550 buy zone, and silver is beginning to look like the short-term leader of the precious metals pack.

The Gold/RINF ratio positively diverged HUI into today’s upside. I am not going to pretend I had it all figured out. Indeed, I got burned on a partial hedge on my gold stock positions (that’s show biz). This is not a site or a service that likes to tout only some of...

As we approach what usually should be a blissful holiday period, the treacherous path the world is now on does not bode well for 2025 and beyond. Two global crises will dominate the world for at least several years and possibly decades.

“Don’t look a gift horse in the mouth.” That was my first thought on seeing gold up about $45...and silver jumping 4%...this morning while other markets weren’t confirming the moves.

In a move that may flood the market with more 'paper' gold, CME Group Inc., the parent company of COMEX, the leading U.S. exchange for gold and silver futures, will introduce a one-ounce gold futures contract in January. 

The presidential election brought us the "Trump shock" and a healthy correction in the gold market. We saw this reflected in gold flows out of ETFs globally for the first time since April.

Money Metals writer Mike Maharrey yesterday shot down the laughable assertion made this week by Federal Reserve Chairman Jerome Powell that bitcoin is, "like gold," merely a "speculative asset" and thus a competitor with gold, not the dollar, because people aren't...

The best-performing precious metal for the week was silver, up 1.26%. According to BMO, the first silver pour at Aya’s Zgounder expansion was achieved, in line with previous commentary after ore processing in the new plant commenced. The plant reached nameplate...

I have been writing about this since 2015. Gold must outperform the stock market to be in a secular bull market. A few years ago, I modified the concept to include Bonds. Gold must outperform the conventional 60/40 investment portfolio (60% Stocks, 40% Bonds) to be...

For decades, China has dominated critical minerals, with Canada and the US, among other nations, all too willing to let Beijing do the mining and/ or processing and sell the end-products.

Skittish about the stock market’s manic climb?  Consider moving some of your savings into T-bills, which are currently yielding around 4.25%. You could do worse. Some of my friends are reluctant to take even a little money off the table because 2024 was such an...

As promised, this weekend’s Deeper Dive will pull together the best bits from a few videos published in The Daily Doom headlines this week about the prospects for an imminent major stock market crash. I’ll include each video and bullet-point the reasons given for...

There's only one Fed meeting left this year. Which the banks are focusing on now. So in today's show, Vince talks about what they're seeing and writing, and what to expect in response from gold & silver in the last month of the year.