Gold Editorials & Commentary

A Trump US presidential victory signals US$1,500 an ounce for gold and US$24 for silver in the intermediate-term. Trump voters have now injected an unprecedented level of uncertainty into global financial markets. Investors prefer clarity, and until President-elect...

The Trump victory was expected by us, but to be honest, it took my breath away with a certain dash of surprise. At an hour past 2am, I could not break away from the TV set, wanting to see the final result. I actually covered my eyes and had empty tears with joy.

Gold Surges 5% After America Votes Trump President. Gold surged over 5% – from $1,270/oz to $1,335/oz prior to profit taking. Gold jumped to its highest level in six weeks on early reports that Trump had won the race to the White House; Largest gains since Brexit...

Gold prices have dropped from $1,340 an ounce in September to as low as $1,250 late last week. This is largely due to forecasts of a rate hike by the US Federal Reserve. But the sharp drop in gold began to reverse on Monday. The gold price rose by more than $25 in...

During the third quarter of 2016, global gold production dropped by 0.5%. Miners brought 846.8t onto the market versus 851.2t during Q3 of 2015. While this isn’t a huge decline, it marks the second consecutive quarter that gold production was down versus the...

The corrupted Republican and Democratic parties in the US have put forth two of the most despised candidates – ever. One candidate is probably more corrupt than LBJ - and both parties are rapidly losing credibility. Ask yourself, does either party speak for anyone...

Gold is vulnerable. It’s technically overbought…and a developing top pattern is a concern. The $1305 - $1320 resistance zone is significant, and in my professional opinion, the rally to the $1380 area was not big enough to turn that resistance into support. I’m...

Gold was continued to drop in yesterday’s day session as we reached a low of 1278.50, and in the overnight session we are hovering around those levels, at the time that this Post was being written.

PredictWise gives Clinton an 89% chance of becoming President-elect, giving just Trump just an 11% chance. Gold price may move about 1.8% to 4% if result is uncertain. Demand for gold and silver is up this week by a factor of 25 percent.

Lest we be seduced by the wishful notion that the FBI Comey rally could be the bull market’s dying gasp, consider the chart featured with this tout. It suggests that a nearly 1500-point rally to 19728 is possible for the Dow Industrials if all hell breaks loose. In...

Unfortunately, it doesn’t really matter which party wins the presidential election as neither one will be unable to stop the coming MOTHER OF ALL DEFLATIONS. While it is frustrating to watch just how insane this presidential race has disintegrated into, I try to...

Over the past few years there has been a lot of irrational fear-mongering within the gold commentariat regarding the potential for the COMEX to default due to having insufficient physical gold in its coffers. I most recently addressed this topic in a post on 6th May...

The best performing precious metal for the week was silver, up 3.69 percent. Weakness in the U.S. dollar began to materialize this week, benefiting the precious metals sector. With polls increasingly tight ahead of the U.S. elections on November 8, gold’s upside...

Since most everyone is focused on the upcoming US elections, many investors may not have had the time to peel back the onion on the third quarter US GDP report. So, if you just glanced at the headline GDP number of a 2.9% annualized growth rate, you may have...

The biggest problem for the financial markets is not stocks nor is it the economy. It’s the Bond Bubble. Globally the bond bubble is now over $199 trillion in size. The world taken as a whole is sporting a Debt to GDP ratio of over 250%. This is a systemic issue.

Money printing and debt is just the most beautiful scheme invented by governments to make ends meet and give the people whatever they want. In this perfect system, it makes not the slightest difference if the budget doesn’t balance.

The market has been very readable since before Brexit. It was over bearish and due for a post-Brexit rally check. It was due for a drop to test major support check, but amid last week’s highly broadcast 9 straight down days and the renewed Clinton email scare, it...

Last week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively. That’s a pretty big deal. So big, in fact, that a prominent voice for the use of gold as money tweeted...

The SPX is approaching a minimum projection point for the correction in both price and time, which could come as early as this Tuesday in conjunction with the bottoming of a minor cycle. If this proves to be only an initial low, a deeper retracement should take...

We were graced this past week from a visit by a great friend/charter reader of The Gold Update. I excitedly grabbed the nearest node on the residence's network of devices, and with a swipe, double-tap and turn of the unit in our guest's direction, said: "Look at...

Strangely, speculative shorts covered a much greater number of contracts than longs bought during the COT week. That tells us that traders are not picking sides for this election but are instead paring down risk. We believe investors should do the same and keep core...

We started the week with stocks acting poorly. Consequently, the poor action morphed into some solid weakness as the S&P500 nears its major support level at the 200-day moving average. Needless to say we are into very oversold territory. And although a bounce is...

Gold sector is on a major buy signal. Cycle is down. COT data is supportive of overall higher prices, but short-term volatility remains with the election this week. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold,...

Most of us consider this year’s presidential election as the wildest and most unpredictable we’ve ever seen, but you wouldn’t know it by looking at the markets. Gold and silver spent most of the past three weeks going nowhere fast. Between Oct. 6th and Oct. 27th...

Now is a good night to post one of the ratio combo charts we’ve been following for a very long time, which compares the TLT:GLD ratio to the GLD. Below the ratio chart is a ten year weekly bar chart for GLD. There are many ways to analyze a ratio combo chart like...

The payrolls report came in pretty much as expected - and thus seems to be a non-event for the most part. The Dollar is slightly weaker, bonds are higher, oil is lower and gold is a tad higher. Mining shares are showing weakness today. I honestly do not think we are...

The gold stocks continue to correct their epic +150% rebound that began in January and ran into the summer. Last week it was the poor relative strength in the miners that hinted the correction had more to go in both time and price. This week, it was the miners...

Technical Analysis of The Markets Via Videos.

With 2016’s contentious US presidential election just days away now, traders are still trying to game the outcome of this tightening race. With a Hillary Clinton victory long priced in, the mounting odds Donald Trump will prevail have big implications for major...

Despite the popularity of doing so, subtracting the percentage change in the CPI or some other price index from the current nominal interest rate will not result in a realistic or reasonable estimate of the current ‘real’ interest rate.