Gold Editorials & Commentary

As we approach a long term bottoming in the metals and miners complex, I have received many questions about how to best prepare for the impending transition back into a bull market. So, there are a few things I want to address.

As gold began its descent from $1190 to a recent low of $1073, certain quarters of the gold investment community began to retell a familiar tale. This drop was engineered by central bankers aided and abetted by unscrupulous investment banks in an attempt to stop...

Just as the Euro is hanging by a thread above its chart support zone, so too is gold hanging by a thread above a critical chart support zone. The bottom of that zone is the July low near $1070 with the zone extending upward towards $1080.

The autos and light truck sales rose from 9 million units for the year ended in February 2009 to 18 million units for the year ended in October 2015 (see the chart below). Is there a bubble in the automotive market? How could the situation in that market affect the...

Total sales of U.S. Mint gold coins came in at 44,500 oz per 94,500 coins sold – including both Eagles and Buffalos. This marked a significant decline in sales y/y, with volume by weight down 49.7% y/y and the number of units sold down 33.7%. Average weight of coin...

This is the final chapter of this intermediate gold Cycle, and it’s likely to get ugly. If you’ve followed the blog these past few months, you would have been prepared for most of this move as it unfolded in real-time.

The War on Cash is now accelerating. As the financial system lurches towards collapse, the elites and those who derive power from sitting at the top of the food chain are growing increasingly desperate to maintain the status quo.

I was encouraged to see that sentiment for gold was very positive. There’s a gold bear market here in North America, where the yellow metal has plunged to a six-year low of $1,083 per ounce on the strong U.S. dollar. But when priced in the weaker Aussie dollar, the...

Gold remained the strongest of the precious metals this past week, seemingly stuck in a narrow trading range for much of the week. Silver did a little worse, falling 3.52 percent, perhaps related to Bank of America warning that silver could hit $12 per ounce on...

Those who place their faith in a sustainable economic recovery emanating through government fiat will soon be shocked. Colossal central bank counterfeiting and gargantuan government deficit spending has caused the major averages to climb back towards unchanged on...

On Friday night, terrorists launched coordinated attacks across Paris that killed at least 129 people and injured hundreds more. Will the deadliest terrorist attacks on a Western city since September 11, 2011 affect the gold market?

The last time I wrote, I said I was looking for a bottom in the US stock market around the 12th of November. I honestly thought we would pull back harder than we have. As of Friday November 13th, the SPX has tagged the .382 Fibonacci retracement of the September...

Anyone who has served in the military, particularly on active duty, knows what it means to “hurry up and wait” very well indeed. Some describe this as “extended periods of boredom separated by times of panic.”

The tragic events in Paris, terrorism and war throughout the world, show geopolitical risk remains high. These risks will likely impact economies and financial markets and will see continuing safe haven demand for gold.

In the past week, the market correction has greatly accelerated. It is not yet time to dismiss the present rally’s capability to make a new bull market high; but if the current trend continues, the projected primary wave V structure may have to be revised to an A-B...

The silver market has joined gold in a selling panic; a panic defined as a period of overwhelming down days, but not necessarily a period of crumbling prices. As with gold, it’s the silver bears panicking, not the bulls.

Lacking enough sleep, we write this morning with quite the want for more winks, a very dear broadcast friend of ours having been in the Stade de France last night and penning to us "...Viens juste de rentrer à la radio ... No word for describe the feeling..." We...

My brother always said he would only start to buy gold when the Fed finally raised interest rates because that would be the signal that inflation was a threat to the US economy and a bullish indicator for future gold prices.

Gold sector is on major sell signal. Cycle is down. COT data suggests lower prices ahead. Traders should sell short the bounces.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal and traders should sell short...

This week, we are ending our commentary portion, probably until January due to a pressing time commitment for the next several weeks. Starting from next week, we will post charts and chart comments only on this site. If you are not a subscriber and still want to...

Stocks looked good going into the week, but then began to crumble and later on in the week, tumble. Consequently, I did a lot of selling. You can always buy a stock back. So when I see the warning signs I don’t hesitate for long to do some selling.

Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes.

Despite increasingly strong supply/demand fundamentals, gold prices have continued to tread water – more or less within a narrow $100 range – having hit overhead resistance a few weeks ago near $1175 and now testing support near $1075 an ounce.

Although the bond prices do not drive the price of gold, the spreads between prices of bonds or yields – the different sides of one coin – with different risk level may be an important factor for the gold market.

Technical Analysis via videos:

Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep...

Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December.

A coalition of leftist parties who are against austerity has effectively ousted Portugal’s center-right government just few days after it took power. What does it imply for the gold market?

Russian central bank governor, Elvira Nabiullina spoke about Russia’s gold and foreign currency reserves today saying Russia intended building them up to $500 billion in the coming years. More importantly, she confirmed that Russia continues to see gold reserves as...

Over the last week we have used market sentiment indicators and index charts to gauge the prospects of finding a high on the post-September relief ‘bounce’ rally. During August and September market sentiment had become brutally over bearish and this was very...