Gold Editorials & Commentary

Not much has changed with the Dow Jones or the broad stock market since the close of last week. Here’s the Dow Jones’ BEV chart below. I could have used last week’s chart.

I'm sure that others are already calculating and anticipating what $25,000 gold might mean to holders of the shiny, yellow metal. It makes previous targets of $10,000.00 per ounce sound blandly conservative.

Our proprietary cycle indicator is down. Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term buy signal. Speculation has peaked and will take weeks to unwind.

It is my privilege now to welcome back Michael Pento, President and Founder of Pento Portfolio Strategies. Michael is one of our very favorite market commentators that we have on the podcast and is a well-known money manager, and author of the book The Coming Bond...

As the Fed turned dovish this year, not only did the short-term interest rates move down – the long- and very-long-term ones also declined. Why would this be the case? After all, the long-term rates are set by market forces, not through Fed’s direct decision… Did...

Here are today's videos and charts.

The gold miners’ stocks have largely ground sideways in the last couple months, consolidating their big mid-summer gains.  That drift is slowly bleeding away greedy sentiment, but this sector remains really overbought.  Gold stocks’ dominant driver gold is even more...

The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it will be due to inflationary pressures. It is a critical component to...

Gold is 0.6% lower today at $1,497/oz and appears headed for a 1.1% fall this week after a 2% gain last week

This week, Nancy Pelosi announced that the House would launch a formal impeachment inquiry. Is it a well-grounded argument, publicity stunt or reflection of the growing polarization inside the Democratic party? Storm in a tea cup or not, should Trump be worried? And...

The U.S. Treasury printed another $243 billion worth of paper money in 2018, with the majority being issued as $100 Federal Reserve Notes.  What’s interesting is that the Reserve Banks estimated the number of notes they were going to remove from circulation and...

As noted in my last article, “Fed Loses Control of its Benchmark Interest,” bank liquidity strains are written all over this month’s troubles. Some may find that hard to believe because there is so much hot air (fiat money) still floating the system from a...

If you follow the headline news, read multiple articles a day from different sources on the markets, and are human then you are likely underperforming the market in which you are trying to beat like gold, miners, the SP500 index or whatever it may be.

Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters

Back in January, we predicted that in 2019 the precious metals would see their best annual gains since 2010...and so far, they have! So now the question becomes: will the metals hold these gains and extend or will they fall back in the fourth quarter?

The global debt as a percentage of the GDP has increased from around 100 percent in 1950 to almost 200 percent in 2007 and to 225 percent in 2017. The world is more indebted than it was when the global financial crisis burst. Isn’t this economic madness? We invite...

Precious metals expert Michael Ballanger dissects the recent Federal Reserve injection of liquidity into the market and contemplates what could be behind it.

Hurricane Dorian pounded the Bahamas and hit the United States. The destruction was impressive. Hurricane Federal Reserve has devalued the dollar for over a century. The destruction has been large. A few benefited, many lost wealth, purchasing power, pensions, jobs...

Greg Hunter interview with Egon von Greyerz on USAWatchdog: In this Interview with Greg Hunter, Egon von Greyerz says the signs abound that we are nearing the end of this global fiat money experiment.

Is Gold now back in a bull market? Most gold bugs think so and are quick to proclaim that. But, could Gold remain in a secular bear market? It hasn’t made a new all-time high in 8 years and the perma-bull, financial asset loving crowd certainly believes so.

What if it’s not a new bull market for gold? What if gold prices are going lower – not higher? Think it can’t happen? Think again.

Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech.

Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine?

SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. That’s solid action, and I’ll dare to suggest there’s more coming!

Long-term trends take a long time to reverse.  One such trend compares gold mining stocks to the S&P500 stocks.  From 2002 until 2011 gold mining stocks outperformed generic stocks, as can be seen in the following chart.  (Charts courtesy Stockcharts.com). 

This year marked the 30th anniversary of the Denver Gold Forum (DGF), the world’s most prestigious precious metal equities investment conference. The invitation-only event, held last week, was attended by an incredible seven-eighths of the world’s publicly traded...

JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.

Crude oil is the energy commodity that powers the world. Over half of the world’s petroleum reserves are in the Middle East, which is the most turbulent political region on the face of the earth. Meanwhile, the United States is the leading consumer of crude oil. 

One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 years of history to test that common belief, and finds it woefully lacking - for it misses the best parts of investing in gold.

Something happened in the credit market this week. A Barron’s article about it began: “There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor...