Gold Editorials & Commentary

After our recent article debunking manipulation, we got a phone call from a man whom we will call Jim Bailey (all names have been changed to protect the innocent and the guilty). Jim worked on the London gold desk at a major financial institution. He told us that a...

In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity has been disrupting my sleep cycle. Let’s, then, dig into the topic. We start with the...

The Dow Jones Index was up for the week with its BEV plot below closing above its -10% line. Nothing wrong with that as it enters its third month correcting from its last all-time high of 26,616 of January 26th. As double digit corrections go, this one has been a...

Long-time readers of The Gold Update know that our microphones are just about everywhere as we return to those placed inside the Salzburg clinical offices of esteemed analyst in the psychosis of precious metals, Dr. Youara Nichtsogut...

The world of gold and silver in cinema… Being somewhat of an old movie buff, it is astounding how the writers of screenplays could create dialogue that remains at once both timeless and relevant, regardless of the current geopolitical or economic backdrop. This...

In Chris Powell’s recent response to my article, he has again done what GATA does best – massage the facts to fit their narrative. So, while GATA admittedly will be unable to tell you where the market is heading next, they certainly know how to spin what people say...

Is the current global economic growth sustainable? Which phase of the debt cycle are we in? What does it mean for the gold market? There is a range of factors which drive the Kondratiev waves. Following Schumpeter, we have focused so far on technological innovations...

It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being names America's best fund manager by the Mining Journal. He's also the co-author of...

At the beginning of March, President Trump imposed tariffs on steel and aluminum. This was after imposing tariffs on solar panels and washing machines back in January of this year. The last time there were tariffs imposed on steel imports was in 2002.

Here are today's videos and charts:

Our proprietary cycle indicator is up. Gold sector is on major buy signal since early 2016. Speculation is in bull market values. This is a massive bottoming pattern four years in the making, with prices currently testing resistance.

Bullion’s wrapping up a third quarterly gain, a feat not seen since 2011, and exchange-traded fund holdings are near the highest in a half-decade. Haven demand may also get a boost with foreign-policy hawks in the ascendant in Washington.

A frequently trotted-out rule in investing is when there is blood in the streets, it's time to take a stock position. When it comes to senior, mid-tier and junior gold stocks, the blood is definitely flowing, despite gold rising 4% year-on-year and 12.5% throughout...

Regular readers of Goldmoney’s research will be aware that we were among the first to alert western financial markets that China would introduce a new oil futures contract priced in yuan, months before it was officially admitted that the plans for the contract were...

As if the world economy isn’t fragile enough, it appears that we are on the brink of a trade and currency war, compounded by a protectionist reversal of globalisation that could sink the dollar which already has lost its traditional safe haven appeal. 

Remember LIBOR? The interest rate which soared during the global financial crisis? It’s on the rise again, but almost no one is paying adequate attention to it. We are – and we will analyze for you what this means for the gold market.

This week the US has gone cap in hand to the bond markets to sell nearly $300 billion of US debt while at the same time threatening a trade war with its largest creditor China. This is despite it being the largest debt issuance since the 2008 financial crisis.

As many of you know, I run a trading room with well over 3500 members, including over 450 money managers.  I have seen the good, the bad, and the ugly as far as what traders and investors do through the years.  And, no matter how much I warn about the pitfalls in...

A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.

In early March, RT.com, the Russian based media network, asked me for comments and opinion on the subject of central bank manipulation of gold prices. The comments and opinion that I supplied to RT became the article that RT then exclusively published on its website...

In commodity markets backwardation is an indicator of physical shortages. Shortages result in buyers bidding up the cash price of the commodity above the future prices. This creates a profitable trade (called decarry) for those holding the physical commodity – they...

Donald Trump believes trade wars are easy to win.  Winning depends on who your opponent is. At the moment Trump’s target is seemingly China but it is becoming increasingly clear that the Eurozone (and wider EU) is very much also at the top of his protectionist...

For those of you who remember the movie Trading Places, this was a famous scene that I always remember when we see emotional reactions in the market after a downdraft.

 “China’s launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management.

After many starts and stops over the past few years, the Chinese oil exchange launched on March 26, 2018 as I have been reporting for the past few weeks. This is a big deal. It appears to be a direct competitor to the US dollar in, right now, just oil but it could...

We were anticipating a modest one or two week correction prior to the resumption of the short-term upward trend, but all we got was a two-day pullback. The gold-market correction that appeared to get underway during the first half of last week was cut short by...

I’ve predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size.

Do you hear the military march? The world’s largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China?

Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday. Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on...

As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a “report card.” Rarely does the one...