Gold Editorials & Commentary

Here are today's videos and charts

One of the most disturbing scenes in the series Breaking Bad was when Todd shoots and kills a boy on a dirt bike after he witnessed Heisenberg, Jesse and Todd heist 900 gallons of methylamine. Jesse: “Todd, that Opie Dead Eyed piece of shit…

The dovish Federal Reserve lit a fire under gold and its miners’ stocks this week.  As universally expected the FOMC hiked rates for the 9th time in this cycle.  But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff.  Traders dumped gold...

Equity markets soared on reports of a ceasefire negotiated by Presidents Trump and Xi Jinping, after the G-20 talks. But markets plunged when President Trump deflated the enthusiasm with a self-congratulatory tweet, “I am the Tariff Man”, ignoring that tariffs are...

The price of gold cannot decline and stay below the gold production costs. Myth or fact? We invite you to read our today’s article about the mining costs and find out whether they provide a floor for gold prices.

Yesterday I posted this daily chart for the UUP suggesting that it could very well be building out a new uptrend channel with the current price action trading at the top rail where it has been chopping out the small blue rising wedge. Today we are getting some...

Rules help guide us through uncertainty. THOSE WHO MAKE THE RULES. For perspective on Washington D.C. and Wall Street, we listen to wisdom and wit from Bill Bonner: “We look at the passing parade in Washington through a cynical lens…

The Fed blinked – but didn’t flinch away from another rate hike. On Wednesday, Federal Open Market Committee (FOMC) policymakers rejected President Donald Trump’s call for a pause. They raised their benchmark rate by a quarter point to a range up to 2.5%.

Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on December 18th-19th. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of 2.25 to 2.50 percent...

It is likely that the Fed is going to raise the Funds rate on Wednesday because this is a confidence game and a Fed suddenly showing weakness and doubt could exacerbate the market’s already frayed nerves. As a side note the 76% reading of CME futures traders...

Short-Term Update: Within wave .iii. we are now working on our first impulsive sequence, as shown on our “Daily Gold Chart”. Within that first impulsive sequence we believe that we are working on a subdividing wave $iii$.

Last week, we succinctly laid out for you what to expect for the end of this year and into 2019. Though, there are many reasons for optimism regarding higher precious metal prices next year, understand that The Banks are already taking steps to fight us every step...

Over a year ago in this space, you may have read my rationale for not closing out core metals and mining stock positions after the May 2011 intermediate top (which turned out to be a longer term!) in the resource sector. (By the way, David Morgan called that top to...

Commodity traders appear excited about gold again as stocks are on pace for their worst year since 2008, and their worst December since 1931. Bullish bets on the yellow metal outnumbered bearish ones for the week ended December 11, resulting in the first instance of...

A friend asked me today what I thought Powell should do. I said, “…the system is screwed. It ultimately doesn’t matter what anyone does. The money printing, credit creation and artificially low interest rates over the last 10 years has fueled the most egregious...

– Review of 2018: ‘Everything bubble’ started bursting. – International stock market indices and many property markets have fallen sharply. –  S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%. – Of 54 major international stock market indices...

Investors will be surprised to know the main factor that drives the gold price.  And no, it isn’t the oil price or market.  While the oil price has been a good indicator for the gold price over the past 50+ years, it hasn’t done much over the shorter term.  However...

Tomorrow, the FOMC will publish its monetary policy statements and economic projections. How could they affect the gold market? And what about the recent developments in Europe?

Last Monday, the market dropped over 70 points from its intra-day high to just below 2600SPX, and a reporter on television claimed it was due to the “postponement of the Brexit vote.” Yet, around mid-day, the market began to rally off its lows, and ended positive ...

For the first time since we began publishing this Report, it is a day late. We apologize. Keith has just returned Saturday from two months on the road.

The pillars of the global financial system are fundamentally unstable and could lead to a frightening chain-reaction in the next crisis, the world’s top watchdog has warned.

It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … and it’s been a bad year! The S&P 500 and...

Turkey continues growing its gold holdings after selling off its reserves for most of this year. Bullion holdings rose $69 million from the previous week and are worth $19.4 billion as of December 7, according to the Turkish central bank’s filings. In another sign...

Assets that are typically the most inversely correlated to the stock market during bear markets have started exploding higher in the last few weeks.  The IEF bond ETF broke out of a Stage 1 base recently.

The Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, otherwise known...

Using Charles Dow’s well known method of reading the stock market’s movements on Friday December 14th 2018 , the averages confirmed a bearish indication and can now be classified to be in a bear market. This action Friday is the first occurrence of a valid bear...

Everybody is suddenly talking about the inverted yield curve. They’re right to do so, too, but alarm bells may be premature. Inversion is a historically reliable but early recession indicator. The yield curve isn’t saying recession is imminent, even if it were fully...

We are going to start this update on a positive note by pointing out that the gold to silver ratio recently reached a 24-year record extreme as shown by the 20-year chart for this ratio below, which alone is a sign that the sector is close to a bottom and also that...

Market technicians who follow IWM are aware of its propensity for reversing its trend ahead of SPX and DJIA. This was particularly obvious at the last market top when IWM printed its final high price on 8/31, while SPX did so on 9/21, and DJIA on 10/03.

Gold: Ever since finding its way back up and nestling into The Box (1240-1280) these past two weeks, Gold's "rally" (schmoozing it as such) looks to have run out of puff, the tempting safety and serenity of The Box offering a place to pack it in for the wee balance...