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Gold Editorials & Commentary

May 23, 2018

I was flying back from giving a presentation in Vancouver last week and browsed through the financial publications at an airport newsstand, scanning to see what passes as mainstream advice these days. I spotted Money Magazine’s May issue and saw an article titled “5...

Firstly, my home town of Toronto was recently hit with a “Mad Driver” that killed ten people and injured fifteen in an absolutely insane illustration of “New Millennium” violence. What was and is instructive about this act is that once CSIS (Canadian Security...

Dominic Frisby of Money Week looks at the historical relationship between UK house prices and gold (including some great charts), and concludes that your money is better off in the yellow metal than bricks and mortar.

Hyperinflation Myths: Hyperinflation occurs in banana-republics and not modern western countries. Hyperinflation cannot occur in the United States because the U.S. issues dollars – the reserve currency.

Everyone seems to agree that if interest rates keep rising a recession and equities bear market will ensue. But no one knows where the breaking point is in terms of, say 10-year Treasury yields. So it’s become a topic of debate with a lot of heavy-hitters offering...

Mr. Wonderful, Kevin O’Leary and Frank Holmes recently took different side the gold(bullion) vs. gold stocks. Gold and gold stocks are two different asset classes and saying which one is better. One is a commodity (Gold) and the other is equity (Gold Stocks). It’s...

May 22, 2018

BullionStar's  'Gold Market Charts' is a series of articles covering topical developments in the world's major physical gold markets. These topics include sovereign gold reserve accumulation by Russia and China, gold demand in the wider Chinese gold market, Swiss...

Gold dived below $1,300 last week, to many analysts’ surprise. They are panicking right now. But you do not have to. Let’s read our article and find out what is happening in the gold market!

Gold continues to act superbly for eager buyers in this time of seasonal softness. Against a background of static mine supply, Chinese demand is strengthening slightly and Indian demand is moderately soft.

Gold’s breach of nearby support last week freaked out some longs of a nervous disposition. However, it did no technical damage of any significance, as we can see on our latest 3-year shown chart below on which we can observe that it is still above important...

Gold 2048 is an interesting and comprehensive new report from the World Gold Council which brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.

May 21, 2018

The price of gold moved considerably lower in the past several weeks, despite the pause that we saw in the final part of the previous week. The yellow metal moved below $1,300 and confirmed this move by several daily closes below it.

Practically nobody enters the foreign exchange markets looking to buy and hold. Currency trading is generally a short-term game, and there isn’t much regard for analysis of the longer-term fundamentals.

An inverted yield curve occurs when the yield on shorter-dated securities is above that on longer-term bonds; and it has predicted all nine U.S. recessions since 1955, according to Bloomberg. Of course, now that the yield curve is the flattest since 2007—with the 2-...

Money has a dual function. Please allow us to go deeper, and more philosophical than we typically do. We promise to tie this into our ongoing discussion of capital consumption. In the following, we will discuss some examples that use the dollar.

I have long lamented the incessantly click-bait “gold ready to explode higher any day” and “silver ready to explode higher any day” headlines that torment the precious metals community frequently throughout most years. 

Current Position of the Market SPX: Long-term trend – The bull market is continuing with a top expected in the low 3000s. Intermediate trend – The intermediate correction from 2873 is likely to continue until about early June.

Well there 'tis, clear as day, for it must be the month of May: as glaringly depicted above in "Gold by the Week", price has now not only printed a new low for the year, but has also returned sub-1300 into Neverland, (aka "The Whiny 1290s"), settling the week...

May 19, 2018

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is up. COT data is supportive for overall higher metal prices. Conditions are now favorable for overall higher prices in coming weeks and months. We are holding gold related ETFs for...

May 18, 2018

For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1,362 to its May 16 close of $1,291.50. Meanwhile, the US dollar index has risen 5....

Here are today's videos and charts.

The major gold miners’ stocks are still largely grinding sideways, mired in a bearish sentiment wasteland. Traders tend to assume low stock prices must be righteous, reflecting weak fundamentals rather than poor psychology. But once a quarter earnings seasons’...

There seems to be a lot of misinformation being peddled on the internet about gold and bitcoin.  One major misconception is the notion that bitcoin will replace gold as a monetary instrument.  Some analysts, once stanch precious metals advocates now turned crypto...

Is ‘Welsh gold’ more valuable than gold mined from anywhere else? Some believe it is. Others believe this is just hype ahead of the big day for Harry and Meghan.

As the title notes, we are finally getting that 5th wave down in the GLD after weeks of meandering. Moreover, not only are we getting that 5th wave down, the 3rd wave within this 5th wave down extended beyond the 3.618 extension of waves i and ii down.  And, such a...

Platinum Week in London has heard that prices are forecast to stabilize in 2018 as the metal gains from its correlation with gold but demand continues to suffer from the diesel scandal and a poor outlook relative to sister-metal palladium.

May 17, 2018

It is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed shadow chancellor in 1965. It is no longer used in its original context. From Hansard (the official record of parliamentary...

Many of you may remember the great debate between then Congressman, Dr. Ron Paul and then Federal Reserve Chairman, Ben Bernanke, when Dr. Paul asked Mr. Bernanke if gold was money. The look on Bernanke’s face is absolutely priceless.

In recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in...

For more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven’t seen since November 2014. Gas prices are likewise trending up, as I’m sure you’ve noticed. According to the American Automobile Association...

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