Gold Editorials & Commentary

From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are devalued again.

After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (...

The big headline in markets this week – the S&P 500 pushed to a new all-time high in nominal terms. But is it a new high in real terms? Most in the financial media don’t want to ask that question. They would rather join their Wall Street sponsors in celebrating...

Here are today's videos and charts.

Gold has failed to gain traction over the past couple months, normally a seasonally-strong time.  That has really weighed on sentiment, leaving traders increasingly bearish.  Gold investment demand has flagged dramatically with lofty stock markets spewing great...

I am not sure how much more I can add to what has been said over the last two weeks in the metals complex. At this point in time, it is quite clear that the metals are testing support.

As always, most analysts focus not on what they really should. After March FOMC meeting, everyone was talking about the more dovish dot-plot. But the Fed also announced that it will end the unwinding of its balance sheet in September. As these changes are...

Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply...

Just one look at the daily chart of SPX tells us – in hindsight – that this may have all been about gap acquisition. I was completely right and righteous to be bullish on the Christmas Eve massacre low, right on up to the 50 day moving average, which was the...

We’ve seen quite decent currency moves in recent days. And the market ain’t exactly sleepy today, either. Let’s put these moves into the picture. The implications lead us to make serious decisions. Is there a more pleasant sound than ringing a cashier’s bell?...

India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide gold bullion demand as top economies diversify their reserves.

One of the most important things about making calls about any future price movement is to have confidence in your research team and systems.  The second most important thing is to make these calls public so everyone can see if you were right or wrong about your...

Having artfully freaked out a whole bunch of investors by breaching nearby support and dropping quite sharply, so that they have panicked and scurried over to the wrong side of the boat again, the PM sector appears to be in the process of reversing to the upside now...

The weak physical demand season continues to cause gold to drift with a clear but modest downside bias. Despite the swoon, most top bank analysts are extremely positive in their outlook for gold in the second half of the year.

Recent positive news suggest the US economy spring revival. But what about gold? Will it blossom? Will the gold love trade take reins from gold as a safe haven play?

We have a postscript to last week’s article. We said that rising prices today are not due to the dollar going down. It’s not that the dollar buys less. It’s that producers are forced to include more and more ingredients, which are not only useless to the consumer....

Russia and it’s central bank added another 600,000 troy ounces or 18.7 tonnes of gold to its reserves in March according to the latest figures released in a press release by the Russian central bank on Good Friday.

The downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically. The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets.

Another Tax Day has come and gone. This was the first year that Americans paid taxes under President Donald Trump’s tax cuts. And yet many filers—especially those living in high income tax states such as New York, California and New Jersey—saw their payments rise...

We know many of you follow our research posts and have been waiting for the Gold/Silver setup we predicted would happen near April 21~24, 2019 back in January 2019.  Well, it looks like our predictions were accurate and the current downward price rotation in Gold/...

Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on.

Returning to San Francisco is always tough enough, but try this for a bring-down: well into our 10th year of faithfully penning The Gold Update without a single Saturday miss, en route (for those of you scoring at home) toward edition No. 500, yours truly walked...

As anticipated, the SPX is pausing after its last advance of 110 points from 2785.  The past five days traded in a 27-point range which looked ready to start a decline on Thursday, but the index managed to bounce into the close and prevent further damage.

Ah, talk about drama!  The Dow Jones this week closed only 1.00% away from its last all-time high of last October 3rd.  From here it should be easy for the Dow Jones to make a new BEV Zero in the Bear’s Eye View chart below.  But I don’t get a sense of urgency on...

Here are today's videos and charts:

Frank Holmes, CEO and chief investment officer of U.S. Global Investors, speaks to Streetwise Reports about the fundamentals for gold, his company's funds and a handful of companies on his radar screen.

The great euphoria emanating from these near-record-high stock markets is breathtaking.  Traders are again convinced stocks do nothing but rally indefinitely.  That everything-is-awesome mindset has stunted gold’s latest upleg, since there’s no perceived need for...

Before the promotional corners of the gold community start with the conspiracies, excuse making and general placing of blame everywhere but where it belongs, let’s simply note that this correction was indicated (by sentiment) as far back as February 22nd.

Gold completed a lengthy 3-3-5 Flat pattern, a corrective move from 2016, within a large degree rising trend. This Flat is wave 2-down shown in the chart below. Starting last summer, Gold began what will be a huge rally leg, wave 3-up. It completed the first subwave...

On Tuesday of this week I posted this combo chart showing the possible small blue flag forming on the UUP (US Dollar). This morning the price action gapped above the top rail and is now approaching the top rail of the rising wedge formation.