Gold Editorials & Commentary

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 and COT data suggests lower prices in coming weeks.

Two weeks ago, regarding the miners we wrote: If it (GDXJ) surpasses its 80-week moving average, then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22.

Technical Analysis of The Markets Via Videos.

Okay, the title of the post is a bit of a joke at this late stage of the rally because it sounds like hype and we have actually been calling the move in the gold sector a potential launch for weeks now, since gold and HUI each busted through their bear market...

Gold’s powerful surge in 2016 has been driven by utterly massive investment buying. This is a marked sea change from recent years, where investors relentlessly pulled capital out of gold. But with that dire sentiment reversing, they are rushing back in with a...

This move in gold has caused me concern and after exhaustive examination, I may have found the clue I've been seeking. Below is an eerily similar pattern to what we see now and if it plays out verbatim, gold should top very soon.

The gold to silver ratio has been used for years to indicate buy and sell zones in both gold and silver. Why? At BOTTOMS in both gold and silver, based on 40 years of history, silver prices have fallen farther and faster than gold. Hence the gold/silver ratio...

Last week I showed you a daily line chart for GLD, which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are aware of the triangle...

Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all...

One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last five weeks as trader after...

The Fed is stuck in between a hard place and a grenade. Given this option, the Fed will choose the hard place. And unless you are looking for a one-way ticket to nowhere, it won’t choose the grenade. The Fed has nowhere to go…because there is only one option...

The time has come for us to practice a bit of modern-day alchemy — in this case, turning anything you can find into gold. I’ve been doing that for most of the year so far. I’ve sold out of various stocks except those in industries in which I have strong faith for...

The US markets are in a quandary. On the one hand, some of the data (GDP growth, unemployment, etc.) suggests the Fed should continue to hike rates. On the other hand, other data points (food stamp usage, labor participation rate) suggest the US never actually...

The continued build in the number of reported gold holdings in the large gold ETF (GLD) is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.

This is an exciting time for gold. After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.

During the last two weeks gold has been quite volatile moving between $1,191 and $1,252 without being able to establish a clear trend. So far the consolidation below the recent top at $1,263 has a bullish taste but gold needs to break out above $1,250 very soon...

No doubt the financial and economic stresses are building. Without even looking at the various and very weak economic reports, talk of and implementation of "negative interest rates" should tell you all you need to know. We looked at this last G-20 meeting as a...

The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case...

Zero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and in the user comments section, is that CBS is committing criminal fraud. Or, if not, then it’s a conspiracy...

Gold is currently trading in excess of $1200 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence,...

The following discussion sheds some light on the recent Gold breakout as seen in GoldHeart Waves.

Gold reached a high of 1249.30, at the time that this Post was being written, which is about our target for the end of wave $d$. We suggested in yesterday’s Posts that a run to the 1248.00 area seemed reasonable for a possible end to wave $d$.

The good news for gold continues to flow like water pouring over Niagara Falls. The SPDR gold fund has seen strong tonnage inflows in 2016…with the fund now holding 777 tons of gold. The buy-side fun isn’t limited to gold bars. In America, gold coin sales are...

The charts below were sent out to my subscribers last night. The SPX is in a bearish rising wedge formation -- and it looks like a top may be made on March 2cd….and near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a...

Gold bullion rose 10.1% in February adding to the 7% gains seen in January. This means that gold is the best performing asset this year, up 17% so far in 2016. Silver is the next best performing asset with an 8% gain year to date, followed by US Treasuries (30 Year...

Ahhhh, the Ides of March. This is a time when stock market participants get the heebie-jeebies and it is my expectation that the first part of the month will play into this superstitious claptrap. However, once an expected higher low is in place, then a big move to...

The advance of gold continues as the price action stays above the two year weekly channel that was breached for the first time a few weeks back. When this kind of event happens, technical analysts wait and see if what was formerly a line of price resistance becomes...

The downtrend that has dominated this sector for the last three years has been broken by gold’s sudden and almost vertical rise from its recent lows.

Throughout this bull-run, a plethora of reasons has been laid out to indicate why this bull should have ended years ago. Mind you most of those reasons are valid, but that is where the bucket stops. Being right does not equate to making money on Wall Street. In fact...

The first part of 2016 kicked off with strong moves in just about all the markets. In some cases, like gold and silver, the moves were mostly sustained, seemingly as a new trend in the PMs. Others, like the DJIA and the yield on the 10-year Treasury, were also...