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Gold Editorials & Commentary

August 21, 2018

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...

Yesterday, we gave you an inside look into the very competitive and honest market in which physical bullion dealers operate. It’s a market based on supply and demand for actual metal.

One of Marc Lichtenfeld’s proudest moments was getting to ring announce a world title boxing fight promoted by Mr. “Only in America” himself, Don King. “He was one of my main clients for many years,” Marc tells me, adding that the boxing impresario “is always the...

The St. Louis Federal Reserve publishes data on M2, a measure of currency in circulation. Data from the past 50 years shows that M2 has grown exponentially (straight line on a log-scale graph) at about 6.7% per year since 1971. The economy grew much slower.

So, does my title appropriately capture the sentiment about metals right now? While the title may seem a bit extreme to some of you, many are leaving the metals for dead, and others have already written their obituaries.

Russia under Putin continues to add to its gold reserves and added another 800,000 ounces or 25 metric tonnes in June. Many analysts believe this buying will continue in the coming months given the very serious geopolitical tensions between Russia and the U.S.

August 20, 2018

I decided that before I sat down to write the weekly recap and outlook for the gold and silver markets that I would go to a few of the great commentary sites such as Streetwise, 321Gold, Goldseek and Gold-Eagle to read what the other "experts" are saying about the...

From late January of this year through mid-April, cash gold held in a tight range of approximately 1300 to 1350. Several times in our commentaries we stated a high expectation that gold would breakout to new recovery highs.

In a couple of blog posts last year I discussed the limitations of sentiment as a market timing tool. With the most reliable sentiment indicators now revealing extreme negativity towards gold, it’s timely to revisit this topic using the current gold market situation...

The best performing metal this week was palladium, up 0.52 percent after rallying hard after a six percent drop mid-week, largely on talk of trade tensions easing. Inflation is creeping into the market, which has historically been positive for the price of gold. U.S...

It is my privilege now to welcome in Dr. Lucas Engelhardt associate professor of economics at Kent State University. Dr. Engelhardt is an Austrian economist who has been a guest lecturer at the Mises Institute and in his teaching specializes in macro-economics in...

Last week, we discussed the tension between forces pushing the dollar up and down (measured in gold—you cannot measure the dollar in terms of its derivatives such as euro, pound, yen, and yuan). And we gave short shrift to the forces pushing the dollar down.

Gold prices have a certain seasonality to them. Typically gold prices tend to bottom in July and August and then rally into the end of the year. According to Carley Garner of DeCarlyTrading.com, this is driven by a number of underlying factors.

August 19, 2018

Last week, SPX filled the count established at the 2860 level by dropping to 2802, formed a small base, and rallied strongly on the news that there appeared to be a détente in the potential trade war between the US and China.  Should these prove to be false...

Google “yield curve inversion” and you’ll see that analysts have been waiting for this indicator to send its big signal for years. It’s getting close, so expect a flood of breathless/ominous headlines when it finally happens.

Large precious metals speculators continued to sharply cut back on their net positions in the Gold futures markets again this week to a new bearish level, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (...

The Fourth Turning – the influential work by William Strauss and Neil Howe published in 1997 – uncannily predicted much of what has happened in America over the past twenty years. “The next Fourth Turning,” the authors predicted, “is due to begin shortly after the...

The Dow Jones did well this week, closing just a hair from its February 26th’s -3.41% (Red Circle below).  Hopefully it can take that out next week, but who can say whether it will or not?  So let’s all cross our fingers and hope for the best.

So much for the "immovable object", eh? Oh, the yellow metal finally got off its butt alright: but without noticing that a dastardly team of Shorts had snuck in this past week and tied together gold's shoelaces such that it fell flat on its face. Leaving the 1200s...

August 18, 2018

The fact that gold remains controlled by the bears has been strongly underscored in recent days. A collapse to below the pivotal $1,200 level is one such reminder; the continued strengthening of the U.S. dollar index is another. Yet for all the bearish signs...

Gold sector is on major buy signal since early 2016, but may change by month end. Speculation is now at net short for the first time since 2001.

August 17, 2018

During the first three quarters of 2016 we were open to the possibility that a new cyclical gold bull market got underway in December of 2015, but over the past 18 months we have been consistent in our opinion that the December-2015 upward reversal in the US$ gold...

Here are today's videos and charts.

The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run.  That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector.  With fear and despair extreme, it’s...

Foreigners. They are always plotting. This time, they hit Turkey. And gold at the same time. Will Erdogan save the country and support the yellow metal? They May Have Their Dollars, but We Have Our People, Our God

I was reading a post by Martin Armstrong called… "Gold and the Changing Fundamentals" …and in it he published a question from an email sent by a reader: “Mr. Armstrong; You are obviously the person worth listening to when it comes to gold. Every fundamental these...

August 16, 2018

This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of footloose dollars betting...

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USA has the world’s largest holdings of gold: 8,134 - representing 77% of its Total Foreign Reserves.

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