Gold Editorials & Commentary

“It is no longer absurd to think that the nominal yield on U.S. Treasury securities could go negative,” Joachim Fels, PIMCO’s global economic advisor, warned investors last week. “Whenever the world economy next goes into hibernation, U.S. Treasuries—which many...

At all-time highs in six of the world’s top currencies… The charts posted immediately below tell one of the quiet, but perhaps most important stories unfolding in the world of high international finance. Gold has appreciated sharply in the currencies of all of the...

We have recently written several essays about the fallacious concept of Gross Domestic Product. Among GDP’s several fatal flaws, it goes up when capital is converted to consumer goods, when seed corn is served at the feast. So we proposed—and originally dismissed—...

It is my privilege now to welcome back our good friend David Morgan of The Morgan Report. David, it's always good to have you on and appreciate you joining us today. How are you, sir?

All important factors are finally putting tremendous pressure on the USDollar. The weak economy will result in lower interest rates, thus more downward USD pressure. The enormous USGovt debt will result in further bond dumps in addition to trade settlement outside...

Gold up nearly 6% so far in August after 3% gain last week. Gold futures traders increase net longs in COMEX gold.

The recent news that the US Fed, China and many of the global central banks are continuing to make efforts to lower rates and spark further consumer spending and economic activity is reminiscent of the late 2010~2013 global economic recovery efforts.  This was a...

After several weeks of distribution at its recent high, the bottom dropped out and was followed by a 200-point decline in the SPX in about a week’s time. The decline found support at the bottom trend line of a bullish channel which started to form at the December...

Just 10 weeks ago Gold was trading in the 1200s. Now 'tis trading in the 1500s. It can go quickly, (as you've so herein read these many years).

This week the Dow Jones saw above average volatility, especially early in the week, but on Friday closed only 3.92% from its last all-time high.

Gold has many reasons for value, as it is an inflation hedge, and a safe haven, is a precious metal, acts as a currency, is a key component in electronics, and even has medicinal usage in the homeopathic world.

Our proprietary cycle indicator is up. Gold sector is on major buy signal. GLD is on short-term buy signal. GDX is on short-term buy signal. 

After six long years, the precious metals are finally setting up for BIG MOVES higher.  Even though the gold price has increased significantly over the past two months, we haven’t seen anything yet.  Of course, gold has already enjoyed big moves in other currencies...

Here are today's videos and charts.

The inversion of the yield curve is of crucial importance as it has historically been one of the most reliable recessionary gauges. Consequently, we invite you to read our today’s article about the history of the yield curve inversions and find out whether the...

What a wild week it’s been for investors. The threat of global trade wars and currency wars sparked big swings across all major asset classes. Bond yields dove toward historic lows. Stocks plunged earlier in the week before rebounding sharply by Thursday. And...

In the first part of this multi-part research post, we highlighted what we are calling a Crazy Ivan price event (borrowed from the movie Red October - (source).  The one thing we want you to take away from this article is that August 19, 2019, should be a major...

Gold and silver are 4% and 4.7% higher respectively for the week so far.

Have you heard the news? US Treasury bonds are sky rocketing as it turns out there is no inflation amid a global central bank NIRP-a-thon and race to the currency bottom. Going the other way, our 30yr Treasury yield Continuum is burrowing southward.

Here we go, Ladies and Gentleman! Gold hit $1,500! Is the round number of $1,600 in cards now? In today’s article, we’ll keep focus just on the fundamental domain and speculate on the current alignment of these factors – looking merely at them will warm the heart of...

Breaking News: COMEX paper gold contracts closed on Wednesday, August 7, at $1,513, up from $1,274 on May 22. Gold bottomed at $1,045 in December 2015. The S&P 500 Index closed at a new all-time high on July 26.

In 3rd grade, my teacher had a sign up at the front of the class which read:  PUT BRAIN IN GEAR BEFORE ENGAGING MOUTH. This made an impression upon me as a 3rd grader. Yet, many adults have yet to learn this lesson.

The world is in the midst of one of the strangest asset bubbles of all time. Instead of being fueled by the hope of bigger and bigger gains, it is being driven by a resignation to incurring lower and lower… and ultimately negative, yields on capital.

Gold futures rallied above $1,500 an ounce on sustained demand for the traditional haven as the U.S.-China trade war festers, global growth slows and central banks around the world ease monetary policy.

There is talk about a war on cash to pave the way for negative interest rates. Negative interest rates and cash go not well together, at least so it seems. People may opt for cash when interest rates on bank accounts and government bonds are negative.

Policies relating to sound money have been the subject of substantial debate at the state level this year, with bills, hearings, and/or votes taking place in nearly a dozen legislatures. 

Is China a currency manipulator? My view is almost identical to Kyle’s; China’s government is manipulating its currency… higher! Trump’s tariff tax obsession may be somewhat comical, but it is creating substantial weakness in China’s currency. That’s because foreign...

July nonfarm payrolls came in line with expectations, confirming the strength of the U.S. labor market. So far so good. With the markets more focused now on the escalation of the trade war triggered by Trump’s tweet on Thursday, the stock market plunged while gold...

For weeks, if not months, I have been reading one bearish bond article after another.  In fact, many of these same writers have been arguing with me for months about the bond rally I expected back in November of 2018.  One suggests that this rally is really a “fake...

Say what you will about last week, it certainly wasn’t dull. The Federal Reserve, seemingly capitulating to President Donald Trump and Wall Street, became just the latest central bank to cut interest rates. Meanwhile, the president escalated the trade war even...