Gold Editorials & Commentary

This week we saw markets run into resistance…as they are more overbought now than we’ve been since 2009. However, we just aren’t yet seeing any weakness that we can short into. I had to take losses on all my short positions first thing this past week. Fortunately,...

SPX has either reached its maximum P&F count potential from the base which formed across the 1842 level, or is very close to doing so. If it has, distribution should begin to appear although, in the case of wedge formations, a reversal often quickly extends to...

Suddenly, the gold price and silver are good again. In two short months, they’ve morphed from targets of derision to shiny new toys on the financial playground. Not surprisingly, questions have been pouring in from people who kind-of sort-of know the precious metals...

Canada’s Financial Ministry has continued to act out its insanity. The Ministry has actually stripped Canada of every last, single ounce of gold. This at a time when China and Russia are buying whatever they can. China holds over 1,700 tons of gold though it...

The Death of the paper gold market picked up speed today as Blackrock announced that issuance of new Gold IAU ETF shares was suspended. However, it’s much worse than the information in news release when we factor in the total supply and demand situation.

Mr Bear treated us to another day of extreme volatility on Tuesday. Although it was a positive day, that doesn’t really matter as the Dow Jones 200 count (the number of days the Dow Jones moves more than +/- 2% from a previous day’s close in a running 200 day...

Nine weeks ago as Gold closed out last year at 1061, both herein and on radio, we set a 2016 price target for Gold of "the upper 1200s", refining it to 1280 as that is the upper band of the regularly-cited "1240-1280 resistance zone". Then yesterday (Friday) at 06:...

In last week’s commentary, February Heralding End Of Down Trend For Gold And Silver? , we stated: The significance of February is its decided change in market behavior on the monthly and weekly charts.” We are seeing even more evidence to support that premise, and...

This article confirms that the current explosive rise of the gold and gold related stocks is in progress. The rise is an extension of the gold bull market that began in year 2000. The last four years are bull market corrections. This gold bull market will rise to...

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal and COT data suggests lower prices in coming weeks.

Two weeks ago, regarding the miners we wrote: If it (GDXJ) surpasses its 80-week moving average, then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22.

Technical Analysis of The Markets Via Videos.

Okay, the title of the post is a bit of a joke at this late stage of the rally because it sounds like hype and we have actually been calling the move in the gold sector a potential launch for weeks now, since gold and HUI each busted through their bear market...

Gold’s powerful surge in 2016 has been driven by utterly massive investment buying. This is a marked sea change from recent years, where investors relentlessly pulled capital out of gold. But with that dire sentiment reversing, they are rushing back in with a...

This move in gold has caused me concern and after exhaustive examination, I may have found the clue I've been seeking. Below is an eerily similar pattern to what we see now and if it plays out verbatim, gold should top very soon.

The gold to silver ratio has been used for years to indicate buy and sell zones in both gold and silver. Why? At BOTTOMS in both gold and silver, based on 40 years of history, silver prices have fallen farther and faster than gold. Hence the gold/silver ratio...

Last week I showed you a daily line chart for GLD, which I called a coiling triangle as the price action was getting more compressed as it traded toward the apex. This daily line chart shows the breakout and backtest. Most technicians are aware of the triangle...

Gold has surged another 4% this week to bring year to date gains to 20% in dollar terms, 19% in euro terms and 24% in sterling terms. We were interviewed by PickingAlpha.com yesterday afternoon and looked at what is currently driving gold prices higher in all...

One of the hardest things to do in this business is to let your winners run. For whatever reason we are programmed to expect reversals. It’s why so many people try to trade against the trend. I’ve seen it in full display over the last five weeks as trader after...

The Fed is stuck in between a hard place and a grenade. Given this option, the Fed will choose the hard place. And unless you are looking for a one-way ticket to nowhere, it won’t choose the grenade. The Fed has nowhere to go…because there is only one option...

The time has come for us to practice a bit of modern-day alchemy — in this case, turning anything you can find into gold. I’ve been doing that for most of the year so far. I’ve sold out of various stocks except those in industries in which I have strong faith for...

The US markets are in a quandary. On the one hand, some of the data (GDP growth, unemployment, etc.) suggests the Fed should continue to hike rates. On the other hand, other data points (food stamp usage, labor participation rate) suggest the US never actually...

The continued build in the number of reported gold holdings in the large gold ETF (GLD) is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.

This is an exciting time for gold. After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.

During the last two weeks gold has been quite volatile moving between $1,191 and $1,252 without being able to establish a clear trend. So far the consolidation below the recent top at $1,263 has a bullish taste but gold needs to break out above $1,250 very soon...

No doubt the financial and economic stresses are building. Without even looking at the various and very weak economic reports, talk of and implementation of "negative interest rates" should tell you all you need to know. We looked at this last G-20 meeting as a...

The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case...

Zero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and in the user comments section, is that CBS is committing criminal fraud. Or, if not, then it’s a conspiracy...

Gold is currently trading in excess of $1200 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence,...

The following discussion sheds some light on the recent Gold breakout as seen in GoldHeart Waves.