Gold Editorials & Commentary

Well, dear readers, again it has happened. Or, for those vacuum-bound wherein life is but Gold's week-to-week net closing price, nothing has happened, given it having settled yesterday (Friday) at 1563 to eke out a wee weekly gain of just eight li'l ole points.

Coming up we’ll hear an eye-opening interview with Craig Hemke of the TF Metals Report. Hear from the man who accurately predicted a year ago that 2019 would be the best year for gold and silver since 2010. And we’ll hear his new call for 2020.

Our proprietary cycle indicator is up. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is up. Be mentally prepared for a multi month correction. We are holding long term positions. 

Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran’s top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness,...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

Back in October and early November, I was preparing our members for the next rally phase I was expecting in the metals complex.  And, when the 144-minute MACD on the silver chart signaled a bottom in early December, I noted it was no longer time to look down, but we...

We didn’t have to wait long for Iran’s response. After the missile attack on U.S. bases in Iraq, gold briefly soared above $1,600. What should we expect next?

2020 – what an ominous year and even more so what an inauspicious decade. 2020 is of course perfect vision or “facilely accurate judgment or assessment” as Webster’s defines it. So why should we be able to forecast the 2020s better than we have the 2000s or the...

The U.S. manufacturing sector contracted for the fifth straight month in December, with the monthly reading from the Institute for Supply Management (ISM) hitting its weakest point in more than 10 years. The purchasing manager’s index (PMI) fell to 47.2, a level we...

So, did US and Iran just become best friends? Gold’s huge reversal and a decline of about $50 in 24 hours might certainly suggest so to those, who choose to follow the news instead of estimating market’s moves using more reliable tools.

The year 2019 unfolded just about as we predicted in our annual look-ahead post entitled "2010+9". And that's nice. But it's all for naught if we fail to correctly forecast where we go from here. With that in mind, here's a first look at what to expect in 2020.

Breaking news: The impeachment circus continues, the trade deal is both off and on, tweets and Iran news move the market, S&P 500 Index hit new highs (thanks to central bank liquidity), and more of the same nonsense will unfortunately create more of the same.

With all the fear around the world, it is fascinating to watch the battle that is underway between risk-on and risk-off assets. Chris Vermeulen joins Cory Fleck to share the way he is trading these markets and what he thinks will cause a breakout in either risk-on...

Gold surged to a seven year high at $1,610.90 overnight prior to retreating as markets experience volatility due to the risks of a U.S. retaliation after Iran’s attacks on U.S. bases in Iraq.

The Canadian dollar has been going from strength to strength recently, but isn’t it time for the greenback to stage a comeback? Let’s examine the story the technicals tell...

As America loses a ridiculous trade war and manufacturing activity tumbles to 10year lows, the nation’s horrific GDP growth rate for 2019 was ranked an abysmal… number 107 in the world.

The geopolitical events have a way of driving the gold market – in the short-term, that is. And the news of rising U.S.-Iran hostilities is no exception, making it easy to get caught in the bullish sentiment of the day. As far as the short-term is concerned though,...

Normally, after tensions between Iran/Iraq and the US flare-up, Oil and Gold rally quite extensively but reversed sharply lower by the end of the session.

The top performing precious metal for 2019 was palladium, gaining 54.20 percent. In a weekly Bloomberg survey of analysts and traders, gold sentiment remained marginally bullish the first days of the New Year. The survey showed eight bullish, two bearish and seven...

Gold surged to fresh highs after confirming its recent 6-month low. Prices have rallied over $100 since Christmas. The short-term trend is overbought, and we could get a brief a pullback. 

Gold and silver investors buy metals because they are scarce. Precious metals are by nature difficult to find, and hard to produce. Consequently, above ground stocks are limited and valuable, particularly when priced in unlimited fiat currencies.

It was a very good year for precious metals.  Gold posted a nearly 19% gain and silver rose over 17%.  As you can see in the chart below, the move higher began in early summer defying the annual summer doldrums, hit an impasse during autumn, then ended the year with...

Analysis of the short-term trend is done on a daily basis with the help of hourly charts.  It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends. 

In this update I am not going to repeat the points made in the last fairly comprehensive update, instead we are going to focus on the importance of the resistance level just above where the price is now, and impact of the killing of the Iranian General and its...

Gold started off the new year with a resounding bang - with the metal forming its low for the week in Monday's session, doing so with the tag of the 1513.50 figure. From there, a slingshot to the upside was seen into late-week, here running all the way up to a...

With two 2020 trading days under our belt (and hopefully you can buckle yours post-holiday), we find Gold at 1555, up a swift 2.3%. To achieve the above Scoreboard's forecast high for this year of 1675, price en route shall have to find itself up 10.2%, a gain...

Our proprietary cycle indicator is up. Gold sector is on major buy signal. GLD is on short-term buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.

This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the effect on government deficits and how they are to be financed are addressed.

Originally published on Sat Dec 28 for members of ElliottWaveTrader.net:   When I peruse the comments on our Elliottwavetrader site alone, I am seeing a myriad of “beliefs” as to what the metals are doing and will be doing.  Most of such beliefs seem to be driven by...

Gold miners’ stocks blasted higher this past week, breaking out of their correction downtrend.  Rapidly-improving psychology fueled such strong upside momentum that sector benchmarks are challenging months-old upleg highs.  Most traders assume this is righteous,...