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Gold Editorials & Commentary

August 3, 2017

The subject of gold’s confiscation has come onto our screens again, but this time, being described as a “Myth” in the future. This thought comes from Canada, a favorite place for US citizens to store their gold in the hopes that it will be outside the reach of the...

As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much as the subprime mortgage industry represented the worst of the worst in excess for...

Gold coins, bars see demand rise of 11% in H2, 2017 to 532 tonnes according to WGC Gold Demand Trends. – Gold investment demand strong in China, India & Turkey. – Demand in Turkey surges on double digit inflation. – Total gold demand declines in Q2 on slower U.S...

The US Dollar has continued to fall hitting a low of 92.72 on Monday, July 31st. The US Dollar also broke through shorter term support levels and is now closing in on long term support that could very well define the longer term trend over the next several years.

August 2, 2017

I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis.  Seasonality charts are constructed from the past thirty years of historical data.

The dramatic failure of the US Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform.

‘We are experiencing a bubble, not in stock prices but in bond prices. This is not discounted in the marketplace.’ There are a lot of warnings on Bloomberg, CNBC and other financial media these days about a bubble in the stock market, particularly in FANG stocks and...

In a better world we might expect: Individuals, corporations, and governments spend no more than their income. “Honest” money is used by all, has intrinsic value, retains its purchasing power and is not counterfeited by individuals or bankers. Governments and...

August 1, 2017

Many investors rightly believe that the gold and silver markets are moved most by geopolitical events, monetary policy, shifting economic paradigms such as inflation or deflation, and a number of other factors - most of which are covered regularly in this newsletter...

The Dow Jones Industrial Average closed at a new record high on Monday, July 31st closing the day just under the 21,900 level.  The intraday high on the Dow came in at 21,927 which was just 44 points under the bottom end of the 21,971 - 22,429 target zone that we...

Gold has rallied more than $60 per ounce in the last few weeks. In the short term a new catalyst is needed to continue the rally, but the big picture looks fabulous.

Technically speaking, this week could be very important for the major U.S. equity markets. There is an appearance of a “TOPPING PATTERN” forming. I am now awaiting confirmation by the actions of the equity markets, this week. Expect downward pressure beginning this...

I have so much respect for Warren Buffett. In fact, it's well beyond respect—it is a complete admiration for his dedication to sticking with his philosophy and making ridiculous amounts of money for his shareholders.

One can’t help but wonder if the world is truly coming apart. Then again, maybe it’s all normal. Extreme weather gripped parts of the world with huge fires in France, California, Montana, and the still ongoing fires in BC. Floods were causing destruction in India,...

Kintsukuroi or Kintsugi is the Japanese art of repairing broken pottery with gold and silver. The Japanese like to consider it a way of not only repairing the item but also transforming it into something new which is pristine and has a new potential.

July 31, 2017

A truly massive scandal is brewing in Big Tech. This scandal concerns the fact that 60% of advertising “clicks” are in fact, NOT human; they are bots or automated algorithms that don’t buy anything. EVER.

The best performing precious metal for the week was palladium, up 4.29 percent on hedge fund managers increasing their bullish positioning on the metal as expectations of increased usage in automotive catalyst to curb pollution. China’s purchase of bullion bars in...

That’s it. It’s the final straw. One of the alternative investing newsletters had a headline that screamed, “Bitcoin Is About to Soar, But You Must Act by August 1 to Get In".

July 30, 2017

The significant increase in Large Spec long positions this past week in gold and silver from a very low level might be cause of concern to some, since it of course increases the risk of a reaction in these metals, but there is another much more positive way of...

Current Position of the Market: SPX Long-term trend: Uptrend continues with a serious loss of upside momentum in weekly indicators. SPX Intermediate trend: An ending pattern appears to be in its last stages of completion. This should be followed by an intermediate...

Kudos to our good colleague and bon vivant Squire who a week ago, with respect to our annoyance over gold's returning up only to get stuck yet again in its 1240-1280 box, quintessentially queried: "...what if price just keeps powering up through here this time?"

The latest Commitment of Traders (COT) report, which was published BEFORE the recent Fed decision, shows a massive drop in speculative shorts – the biggest in the report’s history back to 2006! Speculative longs did increase their own positions, but by nowhere near...

July 29, 2017

I was looking for some excellent earnings numbers this past week and in the week to come. To be sure they’ve been lacklustre.

Value is subjective, reflective of one’s feelings or opinions.  In the minds of those who value gold, throughout the ages and around the world, this precious metal is deemed to have an intrinsic value superior to most other assets.  The well-used adjective,...

It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-...

The Chinese Govt is greatly irritated by the requirement to use USDollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations...

Our proprietary cycle indicator turned up this week. Gold sector is on major buy signal since early 2016.

July 28, 2017

Many commentators are baffled as to why the Fed has suddenly reversed course. Throughout 2017 the Fed has talked repeatedly about raising rates several times as well as shrinking its balance sheet.

Here are today's videos and charts

Ominously for the stock markets, the Federal Reserve is warning that quantitative tightening is coming later this year.  The Fed is on the verge of starting to drain its vast seas of new money conjured out of thin air over the past decade or so.  The looming end of...

Gold IRA eBook

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.

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