Gold Editorials & Commentary

If the past two years could be described with a single word, it would have to be “uncertainty.”  Investors and non-investors alike have been dominated by this emotion, and its ubiquitous presence can be seen in the absence of a clearly-defined trend in the US broad...

“But the chaotic start to the administration and what many see as its protectionist agenda have amplified fears of not only currency wars, but a fully-fledged trade confrontation that could be disastrous for the world economy.” Financial Times 2/2/2016

Investors in most countries make the mistake of measuring their returns based on their home market and their domestic currency. This might have worked when they only had access to their local investment market. But that time is long gone. Now we have a global...

Gold finished yesterday with a sharp upswing, but not before gratuitously inflicting pain on bulls with a $15 swoon early in the session. If the rally is ruled by the pattern shown as I expect it to be, the futures should hit 1219.10 overnight or early Thursday....

The United States suffered through a deflationary depression in the 1930s. Stock prices crashed, currency in circulation declined, commodity and real estate prices fell hard and human misery prevailed.

It is two and a half minutes to midnight, the Clock is ticking, global danger looms. Wise public officials should act immediately, guiding humanity away from the brink. If they do not, wise citizens must step forward and lead the way. Bulletin of the Atomic...

Why Gold Will Benefit From The Alternative Fact Of The Cashless Society. -Alternative facts prevail in the European Commission’s calls for cash controls. -Terrorism is blamed for the need to control cash. -Evidence shows criminals find alternative ways to finance...

In mid-November, as most of the market was becoming quite bearish in the metals complex once again, I provided you with a path as to how the market can get even more bearish, and set us up for a bear trap, while I was noting that I was reducing my hedges:

I am very bullish on the gold price in 2017. Since the year has got off to a cracking start, I believe we need to see a test of the recent low to lay a stronger foundation from which to launch even higher.

Dow Index 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported “Dow 20,000” hats. Even President Donald Trump joined the celebration. Trump told ABC News he was “very honored” that the stock market gave his presidency a symbolic...

I used to make fun of the FOMC rate hike “decision” language in the mainstream media because under the Obama administration and its economic policies overseen by the Fed’s monetary policy, there really was no decision, was there?  It was ZIRP-eternity, interrupted...

Saturday marked the Lunar New Year, the most important date in the Chinese calendar. It’s also the start of the longest holiday at two weeks, during which the largest mass migration of humans occurs every year as families reunite and go on vacations, both domestic...

The $USD is about to collapse. This is not fear mongering, nor is it just a bold statement. The $USD has peaked and is about to breakdown in a BIG way. See for yourself, the greenback has taken out critical support. The spike higher that occurred starting election...

As I have noted for many years, gold has a rough general tendency to decline ahead of the US jobs report, and then rally in the hours and/or days following the release of the report. The next monthly jobs report will be released at 8:30AM on Friday.  This report and...

2017 and beyond should prove to all that the two party system today is but a charade. Trump will continue to increase the debt through infrastructure improvements. It is a REAL possibility that Trump will negotiate a default, a bankruptcy, on our debt just as he has...

Do President Trump's first moves in office signal a weaker dollar and higher gold prices? The US dollar fell more than 1% against the Japanese yen today, amid fears that President Donald Trump's executive action on immigration could harm trade.

Fund manager John Hussman is always good for dramatic charts. Here’s a recent one, and this ratio is even scarier than it looks, says Hussman:

The best performing precious metal for the week was platinum, up 0.74 percent.  Silver also clocked a positive gain of 0.28 percent.  Economic growth in the U.S. slowed more than forecast last quarter on the biggest trade drag in six years, reports Bloomberg. Net...

Did gold find a Trading Cycle Low last Friday?  Perhaps. Silver was definitely leading the way as it often does at bottoms.  But silver also delivers many head-fakes and with the USD is due for a new Trading Cycle bounce, gold will likely move lower next week.

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president’s plan to make Mexico “pay” for the border wall, if he is successful in...

2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the...

Throughout  2016, we stated we did not expect much from gold, and we stuck to this forecast, even though many experts went out of their way to report that gold was ready to soar to the Moon or even to the next Galaxy.  In fact, since 2011, we have continuously said...

After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on...

Week one of the Trump Presidency and already it is mired in controversy. From “fake news” to “alternative facts” we are quickly learning there is an “alternative universe” that apparently the leader of the “free world” is occupying. Speaking of “free world” we...

The Trump Doctrine wants to fix the trade imbalances which America runs with many of its trading counterparts (like China, Mexico, India, etc.). But this is nearly impossible without a return to a settlement mechanism like a gold standard or a gold exchange standard...

SPX has filled the P&F count which was established last February, at the 1810 low.  It would now be normal for the upside momentum derived from last week’s run-up to 2300 to dissipate, as a distribution top is being created.  This, could take a couple of weeks...

How to read gold’s price chart? That is an interesting topic which is subject to a lot of controversy. That is because gold is driven by a multitude of factors. Looking carefully at gold’s chart, there are quite some insights to derive. We look at 10 key insights...

The latest Commitment of Traders (COT) report showed a drop in both speculative longs and shorts for the week as gold meandered to end the COT week (Tuesday to Tuesday) essentially unchanged. The increase in speculative "spreading" positions but drop in both long...

You know the stars are brilliantly aligned when the Dow Jones Industrial Average, (aka "that index at which our parents look"), finally satiates the FinMedia's suspense by crossing the 20k level at practically the same time the so-called Doomsday Clock is nudged...

Stocks continued to show nice strength as we get deeper into earnings season. They just look, and act great! We have a healthy sized group of top callers every day, which is what we need. It’s when everybody says we will go higher that I’ll get worried.