Gold Editorials & Commentary

Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the...

In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times, “we’re in the midst of an...

I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of...

I have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all.

All monetary students and currency pundits must necessarily agree that GOLD HAS BEEN MONEY for over 5000 years. Moreover, GOLD’s attributes and universal acceptance eminently qualifies it as the most valuable currency on earth. Proof of this statement is the...

Officially the Fort Knox Bullion Depository contains 147.3 million ounces of gold. However, the last audit was performed over 60 years ago. According to reliable sources “audits” since then have been incomplete and inadequate.

Gold was sharply higher in the overnight session reaching 1236.40, at the time that this Post was being written! At the moment, we are working on the assumption that all of wave ^iv^ ended at the 1210.30 low, but we have some concern still, about the failure that...

Stocks are feeling the love. While the momentum of the stock rally stumbled in the last two weeks of March, the Dow did manage to break ever so slightly above the downward trend line of the high points it established over the past twelve months. (Not enough in my...

The best performing precious metal for the week was platinum, up 0.94 percent. This is the second week platinum has led the precious metals group, with gold coming in as the second-best performer, up 0.46 percent. In Zimbabwe which has significant platinum group...

The battle raging between the Bullion Banks and Gold Speculators is every bit as spectacular as the Ali-Frazier fights of the 1970s, says precious metals expert Michael Ballanger.

I coined the phrase "Truth Bomb" well over a year ago to much skepticism it would or even could ever happen. As you may know by now, information was dropped in "truth bomb" fashion regarding the clientele of a Panamanian law firm, Mossack Fonseca. This information...

ICBC Standard Bank, China, and the world’s largest bank, has been reclassified as a spot Market Making Member of the London Bullion Market Association (LBMA) with effect from today according to a note posted on the LBMA website last night at 2100 GMT.

The last time gold had a quarter this strong, Ronald Reagan was a year into his second term as President, the Soviet Union was taking its final gasp and the US was still reeling from the Challenger explosion. In the first quarter, the yellow metal rose 16.5 percent...

There were some fireworks this week. Gold went up on Tuesday (it was a shortened week due to Easter Monday), from a low of $1,215 to $1,244 over the day, a move of over 2 percent. Silver moved from $15.02 to $15.44, almost 3 percent. What happened on Tuesday to...

Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek's story: How does $40M of Gold and Silver Disappear: The Collapse of Tulving Company

As always happens after a strong rally in anything, traders begin to anticipate another leg up. They buy the first corrective move back down because they missed the initial rally, and they don’t want to miss the next one. This is the current setup in the metals...

As a Brit, I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to "put your money where your mouth is" - when it comes to...

Although gold ended the week very slightly on the up side, its roller coaster action put it into a very dangerous position. Let’s take a look at the technical picture as it ended the week.

The gold market has been under considerable pressure recently from the “policy makers.” Gold’s step sum has dropped a net of six down days since March 7th, but despite all that selling, the price of gold has been holding up pretty well.

Notice on the very short-term chart (basis 2 hours), gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart. Price is currently holding below $1212 – $1210. Initial resistance...

“Nothing ever changes on Wall Street. Speculation is as old as the hills. What has happened before in the markets will happen again.” Jesse Livermore

A solid week for stocks in the end after seeing the breakouts early in the week weaken initially. Strong closes are most important -- and that includes a strong weekly close, which we did see.

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal, traders should look for set ups to short.

Gold Stocks enjoyed a fabulous near vertical rebound into March…yet were in extreme overbought territory. We and many others called for a correction in recent weeks. Whereas other voices worried excessively about the alleged bearish construction of the COT.

It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today's high stakes game of Federal Reserve mind reading, the Fed...

The Member Update I put out yesterday regarding the US Dollar is imperative if gold and silver are going to drop to new lows as projected. The dollar must hold the 93.00-92.50 level and break above the resistance level at 100, from this 1-year consolidation.

This week's Gong Show in the global financial markets reminds me of the early 1980s before the advent of the Internet or online trading or blogs and especially before 30-something financial "advisors" were allowed to go on the national (and international) airwaves...

Gold and silver prices rose slightly over the course of this week, with the gold price up $15 to $1235, and silver up 20c to $15.38. London having been closed for Easter Monday, trading in the physical market was subdued. Futures' volumes were normal, with the...

Gold prices gained 16% in the first quarter and had their best quarterly performance since 1986. Gold made gains due to continuing ultra-loose monetary policies, diminished U.S. rate-increase expectations, worries about global economic growth, both U.S. and global...

The weapon of choice is money. To be sure central bankers utilize this weapon merciless to rain misery on the unknowing masses by purposely creating boom and bust cycles. Since Fiat was created, bankers have fed off the misery they have wrecked on humanity.