Gold Editorials & Commentary

The huge level of weekly Shanghai Gold Exchange delivery numbers is becoming something of a repetitive news item and is perhaps losing its impact, but it shouldn’t. Week 37 (ending September 18th) saw another 63 tonnes delivered out of the Exchange, which makes the...

In his article for Bloomberg Business, Ranjeetha Pakiam takes a look at China’s recent accumulations in gold and how the country now compares in the world league table on gold holdings. He observes that there is a deliberate policy of increased transparency in China...

It's campaign season…and that means non-stop media coverage of candidate polls, quips, gaffes, tweets, emails, controversies, lies, and scandals. It all makes for a good soap opera. Unfortunately, it's almost all irrelevant in the big picture.

Amazingly, more and more people are becoming bullish of metals and miners again. So, are we now setting up the final decline due to the increased bullishness? I think so. But, nothing suggests to me as of the time of my writing this update that the top of this...

Gold reached a low of 1123.90 in the overnight session, at the time that this Post was being written. We are waiting for the end of wave *ii* to occur. The 1123.90 low is now well within our retracement zones of:

Two huge pieces of news hit Monday like a one-two punch! First; UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal followed by; Saudi Arabia withdraws overseas funds. Gold and Oil both affect the dollar, and this is happening while global liquidity...

In late 2014, many investors in the Western gold community decided to invest the booming US stock market. I warned that without QE, the US stock market was turning into a “wet noodle”, and rate hikes could cause a global markets crash, in the September-October time...

Everyone is so focused on looking at the Fed and whether or not it decides to raise rates by a puny 0.25%, that they are completely overlooking the fact it is the market’s role to set interest rates…and if the Fed is not up to the job, then the markets will...

A few years ago Warren was interviewed on CNBC. The interviewer asked him: “Where do you think gold will be trading five years from now?” His answer showed an ongoing dislike for gold as he replied: “I have no views as to where it will be, but the one thing I...

The world has added approximately $60 Trillion in debt since 2007, much of it sovereign debt created from deficit spending on social programs, wars, and much more. In that time the world has mined perhaps 30,000 tons of gold, or about 950 million ounces, worth at...

Most of us remember cowboy movies in which a lonesome desperado acquires a sack of gold coins that everyone else wants. It’s a thankless task that typically doesn’t end well.

We call on central banks to abolish their zero interest rate policy (ZIRP) framework before more harm is done. In our assessment, ZIRP is bad for all stakeholders and may even lead to war.

It is often reported that governments and central banks have for years leased or sold their gold to bullion banks; therefore, they are unlikely to possess the tons of gold, they are said hold. Also, the bullion banks seem to be under enormous pressure recently.

This is a very important story that shows how China and Russia are becoming increasingly close and strong allies who are flexing their muscles and asserting themselves as rival superpowers to the U.S

Outright financial collapse, chaos and most probably war is not only in sight, it is imminent and unavoidable now. Normally I try to write and support my conclusions with current or past events via links to news. For this writing, because of the length and scope I...

Indubitably, the Euro Union (EU) has been and remains a modern day Greek Tragedy, which will eventually and inevitably implode as the Euro currency becomes relentlessly worthLESS. The only exiting doubts are WHEN…and the source spark causing implosion of the Euro...

There has been an unprecedented attack on gold and mining shares over the past three years emanating from financial institutions in order to support the government’s supposed success in bringing the economy back to health. And even though gold mining shares are down...

One of our long-running themes here is that the truly historic and massive flows of gold from West to East is (someday) going to stop, for the simple reason that there will be no more physical bullion left to move.

In the cartoons of my time, a steam pot that was going to blow showed clear signs of the impending explosion – the steam puffs coming out, the shaking and rattling and the circumference increasing. Much the same signs can be seen in the markets – volatile...

In this Weekend Report I would like to focus on the PM complex as it has rallied for the last several days. During most of the bear market gold has held up better than the PM stocks and silver so we’ll start there to see if we can find any clues on what’s really...

Since the flash-crash (24th of July down to $1,071), the technical picture for Gold has been improving step by step. First a $100-short-squeeze pushed Gold towards $1,170 in mid of august. Gold only briefly touched this level and corrected all the way down to $1,098...

The best technical evaluation of the chart pattern that SPX is making is that the index has started another down-phase that could turn out to be similar to the first one, which had a decline of about 250 points. Should it be exactly the same, the index could drop...

Markets broke last week as the chart suggested -- and they remain looking for lower prices in the very near future. While the direction is down, we are back in the rhythm of much of the action taking place overnight leaving us with gaps. In other-words, it’s a bit...

It cannot be an easy job these days were one a member of the Federal Open Market Committee, let alone chairing the Board of Governors of our Federal Reserve System. What we, as do diligent analysts see, doesn't always tally with what we hear from the FOMC. Yet for...

Two weeks ago, I warned that September 17th would be a critical date: the perfect storm coming together with Mercury going retrograde and Jupiter opposing Neptune on the date that the FED announces its intents regarding interest rates. I also warned that gold stocks...

We believe the stock market has started a massive Bear Market that could last many years. The top arrived for the Industrials in May 2015. Since then, a new Primary Dow Theory Bear Market Signal was generated. Since June 22nd, 2015, the stock market, as measured by...

Gold sector is on major sell signal. Cycle is up. Looking for a tradable bounce lasting a few weeks. Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal and traders can play for a corrective bounce.

Over the years, I have found cycle analysis to be one of the most useful tools for helping me forecast both gold prices and silver prices. Gold and Silver cycles last topped in May, and I expected the biannual cycle lows to arrive during the July/August timeframe....

I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week's trading. The week started with a slow downwards drift for precious metals on Monday and Tuesday before a sharp two-day rally,...

Gold has lapsed deeper into pariahdom this year, becoming the most-hated investment class in all the markets. Traders are avoiding it like the plague, utterly convinced gold is doomed to spiral lower perpetually. But this wildly-bearish psychology is dead wrong....