Gold Editorials & Commentary

(Bloomberg) — Vladimir Putin’s quest to break Russia’s reliance on the U.S. dollar has set off a literal gold rush. Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.

Few people know the risks in today’s economy and marketplace as much as David Rosenberg, chief economist and strategist at Canadian wealth management firm Gluskin Sheff & Associates. For years he’s educated investors with his popular “Breakfast with Dave”...

The gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be doing a lot more. Just how to pay for all of those dreams is the question. Modern Monetary Theory (MMT), we are told by...

A reminder that we are not using the standard gold bug method of evaluating the USD (perma “death to the dollar!!”). We are using fundamentals in evaluating its potential to correct (and launch a global macro trade). The blue shaded boxes on this weekly chart tell...

(The Telegraph) — Odds of a ‘no deal’ Brexit next week have risen markedly, as the Commons fails to coalesce around a viable alternative to Theresa May’s deal, while once again rejecting the “best possible deal” negotiated between the prime minister and the EU27,...

One may say that not much has happened last week in case of gold and silver, but it’s impossible to describe the action in mining stocks in the same way. Miners started the previous week with a slide only to come back with vengeance before the week was over,...

We have written much about the notion of inflation. We don’t want to rehash our many previous points, but to look at the idea of purchasing power from a new angle. Purchasing power is assumed to be intrinsic to the currency. We have said that the problem with the...

Last week we had strong numbers out of China and our research continues to suggest the Chinese stock market could be poised for an upside price rally of at least 15% over the next 30+ days before possibly reaching a peak in June or July 2019.  Our Fibonacci...

A week ago Friday, SPX completed a short-term base, and last Monday the uptrend from 2346 resumed with a 35-point bang! For the rest of the week, prices continued to move higher, but more tentatively until Friday when, assisted by a favorable jobs report, the index...

The triangle chart formation has been known to technical analysts for a very, very long time. Together with the other narrowing formations – the wedge and pennant – the triangle typically develops to a standard pattern. When pattern boundaries can be accurately...

I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto…

The Dow Jones Index continues advancing towards new all-time highs.  At the close of the week it found itself only 1.5% away from last October’s BEV Zero at 26,838.39; that’s only 413.4 points from making market history.  Then in the Bear’s Eye View chart below, we...

'Tis a no-brainer that "trend" is based on the past whilst "price" is based on the now. Hence the title of this week's missive. Or for you frenzied StateSide sports fanatics out there given all the collegiate basketball hoopla coming to its climax, we could run as...

Six Other States Now Weighing Their Own Bills to End Taxes on Gold And Silver. Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in...

The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans...

Gold sector is on a new major buy signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. COT data is supportive for overall higher gold prices.

Here are today's videos and charts:

The gold miners’ stocks are still marching, grinding higher on balance in a solid upleg.  While interest in this sector has faded since late February, it is nicely set up for a strong rally.  After consolidating high and establishing a sturdy base, the gold miners...

I’ve been writing on deflation since the early-1990s, when I had the topic all to myself and was regarded as a voice on the lunatic fringe. Scary essays that I freelanced to Barron’s, the San Francisco Examiner and a number of other publications turned out to have...

Mayday, mayday, we are sinking! The global economy is slowing down. How serious is the current slump? We invite you to read our today’s article about the true condition of the world’s economy and find out what are its likely implications for the precious metals...

Many years ago, while attending university in Saint Louis, Missouri, I had just returned from a Florida Spring Break and had decided to have a few adult beverages with a couple of my hockey teammates to celebrate April Fools' Day, so off we went to the infamous "...

Geoffrey Moore, the father of leading indicators, once said that it is a big advantage just to know where you are in the economic cycle, let alone trying to forecast where it is going. 

GDP is hyped-up to be an all-important measure of economic activity. It does not measure economic activity, instead recording meaningless money-totals spent in unsound currency over a given period. A bad statistic such as GDP is wide open to official manipulation,...

For months, the Trump administration has been touting low unemployment numbers as evidence of a strong underlying economy. But if the economy is so strong, why can’t it take any more interest rate hikes?

By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade.  Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. ...

While so many were getting so bullish of the metals market over the last few months, my work was telling me that we were not likely going to be seeing a major break out just yet. So, I have been waiting patiently for a good set up for another long trade.

The Perth Mint said on Monday its gold products sales in March surged about 68 percent from the previous month, touching the highest level since November last year.

In March, the World Gold Council released the newest edition of its Investment Update. What can we learn from the publication? Let’s examine the most recent history of Fed tightening and loosening with respect to its effect on gold prices.

Stocks slightly extended their short-term uptrend on Wednesday, as investors’ sentiment remained bullish following the recent rally. The S&P 500 index was the highest since the early October yesterday, but it closed just 0.2% higher. So will the uptrend continue...

You will recall that last Wednesday a warning was posted before the open that gold was about to break sharply lower from a bear Flag, which it did the very next day, so you had a full day of trading to prepare, either by exiting positions, placing stops or...