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Gold Editorials & Commentary

September 29, 2016

When the next financial crash occurs, investors need to understand which of the top four precious metals are the best to invest in. Unfortunately, there has been a great deal of faulty analysis that has misled many investors about the fundamentals of gold, platinum...

Time for a reality check. The market has had nothing but positives for three months now. BREXIT was contained. The Fed failed to raise rates again. The Bank of Japan and European Central Bank are printing a combined ~$180 billion per month (a record pace) and using...

President Obama just had his first veto override of his entire presidency today, as the Senate and House both voted to override his veto of the 9/11 victims bill, Justice Against Sponsors of Terrorism Act (JASTA). As of this moment, the Sept 11 bill is now law.

September 28, 2016

The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have...

Steve Saville: “…there is no limit to how much new money the central bank can create.” The Federal Reserve – the central bank of the United States – issued over $16 trillion in loans, swaps, guarantees and more following the 2008 financial crisis. They also...

Nineteen years ago, South Korea came precipitously close to bankruptcy. The Asian financial crisis had spread like a virus. Thailand, Malaysia, Singapore and other Southeast Asian countries were all affected, inciting fears of a global economic meltdown if the...

In an epic meeting of economic intellects, Peter Schiff and Roy Sebag talk about Goldmoney’s recent acquisition of SchiffGold and the coming revolution in value transactions. Peter and Roy also discuss the special properties of gold that make it the best standard...

If you remember, two weeks ago, the sentiment in the metals complex was quite bearish. Yet, as I noted last weekend, I had an issue with an immediate drop lower:

September 27, 2016

Some say the US dollar may die five days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF...

The global securities market got a surprise recently when US core consumer price inflation crept up to 2.3% year over year in the month of August. This closely followed core measure, which strips out the more volatile food and energy costs, increased 0.3%; this was...

"Fracking has changed the world, there's not a question about that. We continue to find frackable lands here in the United States, Apache just announced a huge new find in Southwest Texas that they think might have as many as two billion recoverable barrels of crude...

If gold is to move substantially higher and retain the bulk of those gains, inflation needs to become a significant concern.

Gold is in the process of beginning a multi month-correction. Nonetheless, we expect one more run up in price - and are targeting the high $1300 area as a top. Then we expect a correction to last through the first quarter of 2017 when a significant bottom will occur...

What does it mean to “own” something? It’s a question you should be asking … especially if that something is gold. The Oxford English Dictionary defines ownership as “the act, state, or right of possessing something.” That sounds about right. But what does it mean...

The past week was again a case of the ‘usual’ persisting – not unaided, of course, and more often than not requiring a good deal of ‘assistance’, else important trends could have changed, while other did change, as directed. The yield on the 10-year US Treasury note...

September 26, 2016

The best performing precious metal for the week was silver, with a gold-inspired lift of 4.80 percent. It is typical for silver to have a higher beta to gold. Gold is headed for its biggest weekly advance since July, reports Bloomberg, following the Federal Reserve’...

In this month’s Matterhorn Interview, Bill Murphy and Chris Powell, co-founders of GATA, analyze risks of the monetary system and comment on changes to the London Gold fix procedures and participation, liquidity issues and the difficult relationship between paper (...

Gold moved about $30 last week. Consequently, many investors view this fact as a bullish sign and indication that much higher gold prices are likely to follow. Is this really the case? Let’s take a look at the gold charts (charts courtesy of http://stockcharts.com...

There are numerous irrefutable signs in Wall Street that forecast an inevitable and imminent BEAR MARKET IN STOCKS. Indeed, these same signs accurately forecasted the 2000-2002 and 2007-2009 Bear Market in stocks. And based upon the following devastating Technical...

Few analysts noted it, but the $USD actually staged its second strongest day of the year the Friday before last. The only other day in which the $USD rallied more was on the day of BREXIT, a black swan event that featured EXTREME currency volatility.

“Gold will likely soar to a record within five years as asset bubbles burst in everything from bonds to credit and equities, forcing investors to find a haven”, reported Bloomberg last week, quoting Old Mutual Global Investors’ Diego Parrilla.

It’s almost like magic. The Fed can say something, or in the case of last Wednesday it can say nothing, and gold and especially the silver price get a boost of rocket fuel. Actually, the Fed said both yes to rate hikes—in the future—and no to a rate hike now. This...

September 25, 2016

SPX quickly put a halt to its correction from 2193 -- and built a base while it waited for the next FOMC meeting. After the decision was announced, it broke out of its base and met its first phase target, which took it back to the top of its corrective channel....

The cycle since 2009 has been different from other market cycles throughout history in only one significant manner. To wit: it is the Global Central Banks that have intentionally pushed interest rates to zero and below. This encouraged investors to speculate in the...

No doubt you Shakespeareans out there recall from "Hamlet" the Danish prince's sycophantic buddies, (turned spies for cunning Uncle King Claudius), Rosencrantz and Guildenstern. 'Course, as the tragic tale unfolds, the immortal Bard deftly writes the pair out of the...

As expected, the FOMC passed up another opportunity to raise their Fed Funds Rate this week. With 2016 being an election year, and late September just a few weeks from the November election, how anyone could believe the Yellen Fed would even consider raising...

September 24, 2016

It seems as if the tide has changed as the U.S. imported a record amount of gold from Switzerland in July. Normally, the flow of gold from the United States has been heading toward Switzerland. For example, when the U.S. exported a record 691 metric tons (mt) of...

Stocks are experiencing great strength now after the Fed meeting and decision to keep rates on hold, as expected. There is just no reason to hike rates until after the elections, meaning December is the earliest possible rate hike in my view.

This week I attended the Denver Gold Forum along with three other U.S. Global InvestorsU.S. Global Investors - an investment management firm specializing in gold, natural resources, emerging markets and global infrastructure opportunities around the world....

There were some hopes that a non-move by the Fed would end the current correction in precious metals and spark a move to new highs. Unfortunately, the Federal Reserve cannot override the supply and demand component of the market. Gold and gold stocks popped higher....

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