Gold Editorials & Commentary

This week, we are back to our ongoing series on capital destruction. Let’s consider the simple transaction of issuing a bond. Party X sells a bond to Party Y. We will first offer something entirely uncontroversial. If the interest rate rises after Y buys the bond,...

https://www.gold-eagle.com/rate/price-of-gold/There is no stopping the rise in the price of Gold. As long as world Central Bankers continue to increase the quantity of fiat currencies, because Gold’s production is limited, a simple supply and demand equation...

This past week, I read an article entitled “When Will S&P 500 Valuations Matter Again?,” written by Gary Gordon. And, in his first bullet point, he said “truth be told, valuations have not mattered for the public markets for three-and-a-half years.” He then goes...

Today I document and analyze gold and oil prices and their ratios from January 1970 to August 2018. This is the second part of our research and analysis on gold-oil ratios since World War II.

Last week, I expressed some concern that, since the China/USA trade talks did not get anywhere, Trump’s promise to implement another $200 billion of tariffs could be activated early in September.  The imposition of tariffs has not been well received by the market in...

If you want to understand the great mass of investors, you don’t need to spend hours reading a book written about a hundred years ago, the best way to do it is to treat yourself to some time watching sheep. You can even make something of a vacation of it by going...

Large speculators cut back on their bearish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Two-thirds of the calendar year are gone. What else is gone? gold. Gone down. Gone bad. Gone to hell in a hand basket. Gone to begging for handouts into said basket. As is Sister Silver: "She's gone ... oh I, oh I'd ... better learn how to face it"--(Hall &...

Venezuela used to be a relatively rich country. Today, it has a nominal GDP around $100 Billion, a population around 32 million, a labor force of 14 million, and unemployment over 30%. GDP fell last year by 14%, and inflation is so high that official statistic are ...

Our proprietary cycle indicator is way down. Gold sector is now on a major sell signal. Speculation is now at net short for the first time since 2001.

Money Managers (“Funds”) continue to cut longs and add shorts, while gold remains oversold technically and over-bearish from a sentiment perspective. This has been the situation since May, and yet gold continued to fall. I see this as a massive build-up of fuel for...

Here are today's videos and charts.

Rick’s Picks will always be a good place to visit if you’re a gold bull in need of a reality check. I promise to call ’em as I see ’em, relying solely on charts, rather than on something as pathetic and sentimental as “feelings,” to guide my forecasts. Right now,...

This week, as investors and economists fixate on record highs set by major stock market indices, they have ignored much more significant developments that emerged from the Federal Reserve's annual meeting in Jackson Hole, Wyoming. Fed Chairman Jerome Powell...

On the one hand you have the sons of Harvey & Erb, who called gold to $800/oz. and caused a stir in the gold “community”. Per Campbell Harvey in this video with Kitco’s Daniella (dig the flowing golden locks of hair)…

Life is good. They could not have imagined what we have…back in the dark ages. So I have never understood why people prep for a return to the dark ages. The only thing I can think of is that they don’t really picture what life is like. 14 hours a day of back-...

Here is our weekly digest of the important news, market updates, charts and videos we covered this week.

After a vicious selloff precious metals have stabilized. It’s not a surprise given the breadth and sentiment extremes we noted and had predicted earlier. Although recent gains have met some resistance, the immediate path of least resistance should be higher. Let’s...

Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge:

We appear to be at a turning point not only for the dollar, but for all commodity markets, including precious metals, as well. The dollar has yet to reflect properly the enormous monetary expansion of recent years, and commodities will be corralled into supplying...

How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States?  Well, they will do what anyone being beaten with a stick would do: they will try to escape.

We are getting very close to what I believe is the final confirmation of the coming multi-year gold bull market. Although it is very clear that gold is going higher from around these levels, a move pass the $1375 area would be that final confirmation, based on the...

There is a tide in the affairs of men... Thus, begins one of the most famous quotes ever uttered, taken from Shakespeare's play, Julius Caesar. Brutus, talking to Cassius, says, "There is a tide in the affairs of men. Which taken at the flood, leads on to fortune...

This chart is courtesy Real Investment Advice.com and borrowed from a recent article: ‘Wicksell’s Elegant Model’. The brown areas in the chart highlight the periods when ‘real rates’ were and are negative. Gold tends to perform best during those periods.

This week, we welcome back to the podcast Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (Nov 1-4, 2018). FYI: both Chris and I will be speaking there again this year.

To understand why Europe is watching Turkey’s financial crisis with alarm, you just have to see this chart:

Inflation results from policies implemented by governments, commercial banks and central banks. A FEW CONSEQUENCES: More currency placed into circulation devalues all currency units. We can thank fractional reserve banking, deficit spending and QE.

– Currency has become worthless in Venezuela’s hyperinflation. – Venezuela was once one of the wealthiest countries in South America. – Currency collapse due to massive currency “printing,” digital currency creation and misguided socialist government. – Toilet paper...

As the U.S. increases its use of the dollar reserve system as a weapon in its trade wars, the rest of the world responds by accelerating its movement away from dollar hegemony.

Investment advisor Jayant Bhandari, in this conversation with Maurice Jackson of Proven and Probable, discusses recent moves in the U.S. dollar, the role of gold, and several arbitrage opportunities he sees.