Gold Editorials & Commentary

Last Monday, SPX traded up to 2873.93 before reversing.  For all the fanfare about achieving a new all-time high, this surpassed the January high by less than a point!  The index had a shallow correction for the rest of the week and, on Friday, it made another new...

Large precious metals speculators raised their bearish net positions higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

We are now seeing an overwhelming body of evidence coming together to suggest that gold and silver have hit bottom. And that even if they haven't, the bottom is very close as downside risk is very limited.

Our subject is Gold, but briefly let's start with stocks as they're breaking the mold. The S&P 500 marginally broke its all-time closing high yesterday (Friday) in settling at 2874.69: that is 1.82 points higher than the previous such high of 2872.87 set back on...

Closing the week only -3.10% from its last BEV Zero, the Dow Jones Index is progressing towards a new all-time high in its BEV chart below as it cleared the -3.43% from late February (Red Circle).  Only 3.10% from a new all-time high and as much time as it needs to...

The battle for control of gold’s immediate trend continues as currency traders and bullion investors alike focus on a key level in the U.S. dollar index. In today’s comments we’ll discuss the improving odds for a gold turnaround in the immediate-term in light of the...

The new high registered Tuesday in the S&P 500 (plus a myriad of smaller cap indices) marked the longest bull run in NYSE history and given that it has done so on the crest of a gargantuan global growth of credit, here is a list of failed trades that plagued a...

It has now been exactly 10 months since we established 2410 as the measured objective for the S&P 500. In forming a potential double top this week at 2405.77 I’d say we are close enough to call the target in (as we did in February when the first top was made on...

Long-term – on major buy signal but may change at month end. Short-term – on mixed signals. Gold sector cycle is down. COT data is at extreme levels which suggests that a recovery may have already begun. We are holding some long-term positions. 

The situation looks bad for the junior mining, crypto and blockchain heavy TSX-Venture exchange. Take a look. So is there a saving grace? Maybe.

I'm back now after a summer break -- and there's lots to discuss, so let's get right to it. Please note, the Monthly Investor Letters and Gold Trader Updates will resume shortly too.

Today is all about Fed Chair Powell's Jackson Hole Speech at 10 am Eastern, but from a market perspective, we might want to keep a close watch on the reaction of the USD to what Powell says or does not say. 

The junior gold miners’ stocks have been thrashed in August, plummeting to brutal multi-year lows. Such carnage naturally left sentiment far more bearish than usual in this forsaken contrarian sector. But these extremely-battered gold-stock prices certainly aren’t...

One of the hottest issues among economists and financial analysts is the yield curve. Investors worry that it is likely to invert soon, bringing the current expansion to an end. And even the FOMC member discussed “what a flattening of the yield curve might signal...

Here is our weekly digest of the key news, market updates, charts and videos. This week we brought you a series of short videos from an interview between Stephen Flood, CEO of GoldCore.com, and commodities trading expert Carley Garner.

Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South...

Does gold go on vacation? I don’t know, but I am going for sure. But before that happens, I encourage you to read another special edition of the Gold News Monitor from Auburn, Alabama.

After writing publicly for over seven years now, the most common comment I have seen to my articles suggests that once a major news or fundamental event occurs it would completely invalidate my wave count, as the market will certainly move based upon the substance...

Gold stocks is in a 50-year bear market when measured in gold. This (very) roughly means that on average, it has been more economical to buy gold rather than to mine it. Interestingly, South African gold mining production peaked two years after, in 1970, as if to...

Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. Frank explains why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought....

Today we bring you two video interviews about the current state of the gold market: Are gold speculators really the least bullish that they have been in years?

Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they’ve recovered but only a tiny fraction of recent losses. The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their...

The world is familiar with FANG (Facebook, Amazon, Netflix, and Google), then came FAANG, Facebook, Amazon, Apple, Netflix, and Google. But are you familiar with BANNG? We would like to introduce to the world a countercyclical group of stocks that could be the...

Gold has had a difficult few months. After a modestly upward trend until mid-April, gold then started its downward trajectory, falling from $1,350 to well under the psychologically important $1,200 mark in a (final?) collapse the last week. The U.S. economy, stock...

Gold and silver premiums – the price dealers add to the melt value of an item to cover manufacturing and overhead – began climbing in the past two weeks.

In hitting its low for the year last week, gold’s sour performance has generated a flurry of interest in the metal among investors. There has also been a notable increase in gold coverage in recent days by the mainstream financial media as the question, “Has gold...

Can a gold investor have their cake and eat it too?  Is it possible for the Western fear trade and the Eastern love trade to push the price of gold higher at the same time? I believe the awesome answer to that question is a definite, “Yes!”, and here’s why I say...

The relationship between currencies on the FOREX market has a lot to do with the trade balances between countries. If a country consistently runs a trade surplus against a second country, most likely its currency will rise. Certainly, there are other factors, mainly...

Some time ago, the newest edition of famous In Gold We Trust report was released. So, why should we trust in gold in 2018?

Much is being made of the current makeup of the Commitment of Traders report for Comex gold. However, similar historical irregularities are appearing in other assets, too. Thus the question, are The Banks setting the stage for a wildly volatile second half of 2018...