Gold Editorials & Commentary

Gold stocks need very specific conditions in order to perform well. The last time most of these conditions were present was during the Great Depression. However, conditions are currently shaping up to be even more ideal.

Examine the 30+ year graph of the gold to silver ratio. This is the Big Picture perspective. The ratio moves from low to high and back to low in long-term patterns. I have shown the large scale moves with red (up) and green (down) arrows.

The US dollar is still the world’s dominant reserve currency for global trades. The question is: will the petrodollar system continue to hold? The short answer is: yes in the near future, as there are no viable alternative at present. In our separate article, we...

This past week saw some very exciting movement in the metals. There was something for the bulls and the bears alike. But, for now, the bulls still have the edge, at least in my humble opinion. Yet, the price action and sentiment have many looking much lower now,...

July 5th keeps coming back as an important cycle low for the stock market. The recent daily Bollinger Bands on the SPX shows increasing constriction, which in the past pointed to a possible melt down, similar to what we saw from August 18-24, 2015.

I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil moving higher it’s likely to take some focus off gold.

Gold fell again today to its lowest in a week despite continuing uncertainty about the outcome of the Brexit referendum. This is contributing to very significant high net worth and institutional demand in recent days, particularly in the UK, which is leading to “...

During my most recent webcast a couple of weeks ago, I had the pleasure of being joined by the CEO of the World Gold Council (WGC), Aram Shishmanian. As expected of someone of his stature, Aram brought another level of insight and expertise to our discussion of gold...

This year’s presidential election is getting lots of attention, and many are wondering how the outcome might impact the gold and silver markets. How will a Donald Trump victory affect gold prices -- and what will be the impact of a Hillary Clinton presidency?

Gold moved lower, as we expected, in the overnight session, and we reached 1272.00, at the time that this Post was being written. We still expect that our current correction is going to continue, no matter which option this market is ultimately going to follow.

The economics world is all a-chatter about how central banks and their member banks have moved interest rates beyond the zero bound to charging negative interest rates. There is just as much brainless talk about why this is accomplishing nothing. No one seems to...

Gold is the ultimate safe haven. Therefore, when global financial risks rise or fall substantially, enormous institutional liquidity can flow into gold…or out of it.

Gold fell again today despite very robust physical demand in western markets and especially the UK. Gold fell to a ten-day low as the recent global share rally showed signs of exhaustion.

I see traders everywhere worrying about how the Brexit vote will effect gold. Folks, forget about the Brexit. By this time next week the Brexit will already be fading into memory. Consequently, the market will go back to doing what it was doing before the vote.

With both gold and silver ETFs trading in heavy volumes last week, it suggests liquidation is occurring, and the upcoming Brexit vote could impact the US dollar.

With Friday's Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins have just gone "over the top" and added another 5.4M "ounces" to their synthetic gold short position. They are now carrying the largest short...

A lot of good economic theory boils down to the acronym TANSTAAFL, which stands for “There Ain’t No Such Thing As A Free Lunch”. TANSTAAFL is an unavoidable law of economics, because everything must be paid for one way or another. Furthermore, attempts by...

It is my privilege now to welcome in Dan Norcini. Dan is a professional off the floor Commodities Trader…bringing more than twenty years of experience in the markets. Dan's editorial contributions and supporting technical analysis charts cover a broad range of trade...

I want to continue the Brexit conversation from last week. With only three days left before U.K. voters head to the polls, expectations of which side might win are beginning to shift toward the “Brexiteers,” while betting markets are still putting money on the “stay...

Last time our article focused on what has come to be known as 'escape velocity' -- and how an aeronautical term has come to be used to provide some boost to the perception of the US Economy, when in fact it actually has no velocity whatsoever. This week we're going...

Gold fell 1.3 % in dollar terms and 3% in sterling terms today as sterling and global stocks surged as Brexit worries ease slightly.

While the long-term outlook for gold could hardly be better. However, the short to medium-term outlook deteriorated substantially last week…with an important chart reversal on Thursday that was not negated by Friday’s bounce back. Moreover, the latest COTs coming in...

The British referendum should have a significant influence on the markets this coming week. It is best to keep from making specific predictions, especially about the intermediate trend, until after the results have been announced.

In the fall of 2015, I said the Federal Reserve would raise interest rates once in December and then would not be able to fly any higher after that. The stock market would crash shortly after the Fed’s pulled up on the interest stick (which it did in what became the...

Another very choppy week for stocks, which are quite oversold. Nonetheless, stocks began to show the needed bounce Thursday, which motivated me to get long a few stocks. However, Friday’s action forced me to sustain a few small losses.

Gold speculator and large futures traders sharply raised their gold bullish positions higher last week for a second consecutive week and pushed gold bets to a new highest level of the year, according to the latest Commitment of Traders (COT) data released by the...

According to Larry Summers 1985 paper on Gibson's Paradox, rising gold and silver prices have historically driven interest rates higher. Since January, there has been a 25% increase in the price of silver and and prices of silver producers and silver juniors are 300...

Something interesting happened on Friday; trading volume exploded on a decline in the Dow Jones. In the BEV chart below I inserted the daily trading volume (mils) for the Dow Jones instead of the usual BEV values to highlight what happened. It wasn’t just the...

Last week provided confirmation that the tide of battle in the 2011 war on gold and silver has turned, as anticipated last week. However, winning a major battle is not the end of the war. When the Allies stopped Rommel’s advance eastward along the North African...

Gold settled out the week on Friday at 1302. The last time gold closed above 1300 to finish a week was for that ending 15 August 2014: 1300 then felt terrible, today it feels terrific, even if but half what it "ought be" by the above scoreboard level of 2587. Still...