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Gold Editorials & Commentary

December 8, 2018

Listen to what gold is saying. It’s not deflation that we have to worry about. We’re about to enter a multi-year period of rising inflation. Seriously did you think years of QE weren’t going to have consequences at some point.

Until the arrest of Huawei’s CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive issues, and certainly not in...

The macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was ‘on’. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.

December 7, 2018

It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis...

In recent days we’ve seen the beginnings of an inversion in the yield curve. The 2-year yield and the 5-year yield have inverted but not yet the 2-year yield and the 10-year yield, the curve that is watched most. However, “2s and 10s” as bond traders would say...

The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the...

Here are today's videos and charts:

Trade wars and lax fiscal policy are negative for the US dollar and positive for gold. Myth or fact? We invite you to read our today’s article about the effects of Trump’s actions on the greenback and find out whether weak dollar will save gold.

IRELAND’S Central Bank has refused to say if it plans to move almost €200m worth of gold bars from the vaults of the Bank of England as a result of Brexit, insisting that any such move would be “commercially sensitive”.

December 6, 2018

The price of palladium just exceeded the price of gold for the first time in 16 years. That’s an epic even. But what does it really mean? And why should gold, silver, and mining stock investors care about the small palladium market?

Powell has recently came up with the metaphor of wandering in the darkness. Will golden sunshine brighten the dark?

If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic.  Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by Trump,  Larry Kudlow or China, ...

Recently, one of my members was in attendance at the 32nd Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago. On the first day, he sat in a room with 150 economists. When asked how many see a recession in 2019, all of two hands went up.

The big question on the minds of most investors is what will happen to the markets and precious metals in 2019.  Well, the answer depends mainly on two factors, the oil price and overall weakness in the economy.  If the oil price continues to decline, it will...

– What are “Fake Markets” and will they lead to another global financial crisis? – What do fake markets mean for stock and bond market performance in the future? – Is this the right time to re-balance portfolios and hold more cash and gold?

December 5, 2018

I read a mainstream report about a decline in gold imports into Hong Kong, with the journalist concluding that gold demand in China is therefore down.

One of the most reliable indicators of an economic slowdown just flashed a warning sign this week. On Monday, the yield curve between the five-year Treasury yield and three-year Treasury yield inverted, or turned negative, for the first time since 2007.

Copper is often referred to as "Dr. Copper" for its ability to foreshadow moves in other markets and the global economy in general. Today we coin the term "Mr. Palladium", as this particular metal may be offering its own bit of foreshadowing. And what might that be...

Metals should be primary beneficiaries of an imminent greenback peak, with normalization in U.S. stock-market out performance, Federal Reserve tightening near a finish and the trade-weighted broad dollar approaching multiyear highs.

December 4, 2018

The double bottom is the world’s most stressful chart pattern.  It forms after a significant price decline.  The first low in the pattern creates substantial panic and fear in most investors.

President Trump and President Xi Jinping agreed to halt escalation in their trade conflict. At the same time, the Fed officials became more cautious about the pace of future interest rate hikes. How will the softening of the US trade and monetary policies affect the...

I wonder how many of you had your brains in gear when following the action in the market this past week. For those that did not, let’s review what happened.

Gold continues to make headway in herky-jerky fashion, failing to satisfy bulls but also denying bears something to cheer about. On Monday, the February COMEX contract rallied to within a millimeter of the 1240.20 Hidden Pivot target shown.

As I was shuffling papers in some old files, I came across a slip of paper on which I had written down the price I had paid for a Mexican $50 gold peso coin: $717 Mexican pesos.

December 3, 2018

Yesterday evening marked the beginning of Hanukkah. The Jewish festival of lights commemorates the reclamation of the Holy Temple in Jerusalem from the Syrian-Greeks in the second century BCE. According to accounts, after Judah and his forces liberated the temple,...

We humans are supposed to be rational. Unless we have some disorder we do not, as a rule, do something weird, strange or unexpected on the spur of the moment. When an individual does break normal patterns of behavior it might be perceived as an instance of temporary...

The yellow metal clinched its first back-to-back monthly gains since January, as holdings in ETFs expand and investors are increasingly optimistic for the metal in 2019. President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell this week...

JPMorgan Chase and a number of other bullion banks are in a whole lot of trouble. Evidence detailing years of rigging markets and swindling clients is piling up.

What is inflation? Any layman can tell you—and nearly everyone uses it this way in informal speech—that inflation is rising prices. Some will say “due to devaluation of the money.”

The International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world.

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China is poised to become world's biggest gold consumer.

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