Gold Editorials & Commentary

In round numbers, these wars (in today’s dollars) were tremendously expensive: Vietnam War: Estimated cost is $740 Billion War on Drugs: Estimated cost is $1,000 Billion War on Terror, including Afghanistan and Iraq: Estimated cost is $1,700 Billion and counting...

We had mentioned in both of yesterday’s Posts, that we did not see an impulsive wave structure on the Intraday Chart in the rally from the 1073.00 low to 1097ish high. That suggested to us, unfortunately, that the 1073.0 low is going to be revisited again.

I’ve talked at length about the relationship between US money supply velocity and interest rates…and done so in a positive way. A modest rise in nominal interest rates encourages banks to make loans, and it makes those loans profitable. Most of the QE money has...

We are in a global economic collapse. And it is going to trigger a stock market crash. The Central Bank fueled “recovery” is officially over. Central Banks propped up the financial markets for six years. But the money was spent on financialization and accounting...

Gold kept falling last week and stayed within our forecast channel. Our long awaited fall to lower lows seems finally to be underway, a new lowest weekly close for over five years last week added to the bearish sentiment surrounding the metal.

From first to worst. Gold and silver were the best assets to own during the first decade of this century. During this second decade... not so much. Precious metals bulls have endured 4 years of prices drifting lower punctuated by periodic smash-downs and the...

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.