Gold Editorials & Commentary

In the hunt to find asset classes and/or sectors that are ripe to provide multi-year, multi-bagger opportunities, with the potential to outperform the major indices. It helps if you can find an investment that has been decimated from a massive boom, more recently...

The May FOMC statement didn’t bring much of a surprise. Fed Chair Powell remained upbeat in his assessment of the U.S. economy while dismissing low inflation as transitory. Gold has initially jumped, only to keep declining later. What has actually happened yesterday...

Tariffs have upset world markets and decades of America-made supply chains helping cause in December the worst single month market sell-off since the Great Depression. Because Mr. Trump views the stock market as the one signifier of the US economy and a simplistic...

The bid-ask spread of both (spot) gold and silver has blown out. Both, on March 1. In gold, the spread had been humming along around 13 cents—gold is the most marketable commodity, and this is the proof, a bid-ask spread around 1bps—until… *BAM!* It explodes to...

Last week I sent out my uber-bullish call on the metals and miners at the conclusion of a period fraught with doom and despair for all things gold and silver. The criminality of the interventionists was in full bloom as they bombed gold down through that critical "...

I’ll show you real money. It looks like this: Those circulating dollar bills, euros, pounds, and yen are DEBTS (notes) issued by central banks to extract wealth from citizens and the economy, dilute the purchasing power of the currency, and nourish the banking...

European Central Bank’s President Mario Draghi recently announced that the ECB would be required to approve any management of gold reserves within the euro zone countries.

As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be...

Gold stocks tend to become extraordinarily volatile during weeks that feature multiple key fear trade events. As the month of May begins, gold stocks are faced with a FOMC meeting and the US jobs report.

We had been observing the evolution of the total of Central Bank Monetary Reserves for several years, and noted a peak on August 2, 2014, when these Reserves reached a maximum of the equivalent of $12.032 Trillion dollars, according to Bloomberg.

“Hey Marin, we don’t invest in gold companies for yield. We invest in gold stocks as a hedge to the overall markets. And for leverage on the price of gold.” What a bunch of nonsense. Have you ever heard the phrase, “What a gold mine!”?

Our proprietary price cycle tool is showing us that the Daily Gold cycles may dive a bit lower, possibly into the $1250 to $1265 level, over the next 3~7+ days before reaching an ultimate low.  We've been covering the precious metals markets like hawks because of...

The US economic growth in the Q1 2019 positively surprised. Indeed, on the upside. The doubting Thomasses were proven wrong. And The Socialist Party just won the snap elections in Spain. Is the left back in vogue in the Eurozone? But what does it all mean for the...

The best performing precious metal for the week was palladium, up 2.79 percent as hedge funds boosted their net bullish positions. Despite U.S. dollar strength, gold traders and analysts returned to their majority bullish position on the yellow metal this week,...

There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already...

Central bankers and politicians love inflation, but they need “bag holders” to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast.

To put into perspective how overvalued and dangerous the US market has become; I often cite the figure of total market cap to GDP—currently 145% of the economy. How high is 145% of GDP? It is a full 30% higher than it was before the start of the Great Recession.

Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs.

Erik Hadik (Insiide Track) has probably done more in-depth cycle research than just about anyone.  Prior to the September 2018 high, Erik warned that important cycles were peaking and that a severe stock market  correction could take place imminently.  Those that...

Large precious metals speculators once again lowered their bullish net positions in the Gold future markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Breadth is becoming a problem for the long-term prospects of this stock market rally from December 2018. Below we show updated charts of large and growing Bearish divergences between the major averages and their 10-day average Advance / Decline Line Indicators and...

Do you remember "When E. F. Hutton talks, people listen"? Decades later, today we might say: "When Goldman opines, it goes online" ... or something like that.

The Dow Jones Index in the BEV chart below closed this week a bit below last week’s close; 1.06% instead of last week’s 1.00%, down six cents on the dollar, or basically unchanged from last week.  As I said last week the bulls aren’t in a hurry, but I’m sure the...

Long-term – on major buy signal. Short-term – on sell signals, correction is in progress. Gold sector cycle is down. COT data is favorable for overall higher metal prices. Maintain positions and stay the course for now.

From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are devalued again.

After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (...

The big headline in markets this week – the S&P 500 pushed to a new all-time high in nominal terms. But is it a new high in real terms? Most in the financial media don’t want to ask that question. They would rather join their Wall Street sponsors in celebrating...

Here are today's videos and charts.

Gold has failed to gain traction over the past couple months, normally a seasonally-strong time.  That has really weighed on sentiment, leaving traders increasingly bearish.  Gold investment demand has flagged dramatically with lofty stock markets spewing great...

I am not sure how much more I can add to what has been said over the last two weeks in the metals complex. At this point in time, it is quite clear that the metals are testing support.