Gold Editorials & Commentary

Several weeks ago, I surprised most investors by issuing my “Book Profits Now!” call for the precious metals asset class. When I did so, head and shoulders top formations immediately formed on gold and GDX, and prices have swooned.

Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the BIS said on Sunday.

Global debt may be under-reported by...

Gold swaps by the Bank for International Settlements, Dave Kranzler of Investment Dynamics writes today, correlate inversely with the gold price. That is, the more gold is swapped by the BIS, the more metal is made available to bullion banks for sale into the market...

A quote often attributed to St. Augustine, the early Christian theologian, is: “The world is a book, and those who do not travel read only a page.” I feel blessed to be able to travel as much as I do—not because I’m a big fan of 10-hour flights or living out of a...

Physical demand for bullion rounds, coins, and bars remains somewhat soft in the US. This year’s run higher in prices as well as rising geopolitical tensions has whet the appetites of some investors, but it has not yet triggered broad participation.

Even for bitcoin last week was an eventful week. The price hit a recent low of $2,980, falling 40% and recovering by nearly 25% in the space of three days. Last week was a good example of the vulnerabilities in the cryptocurrency space to government announcements...

Previously, we have discussed the issue of a currency’s backing. From comments and emails, we realize this topic could use a bit more illumination. And there are some related concepts that should be addressed at the same time.

Now that the Irma-induced delay of the rally is behind us, SPX was allowed to reach its long-standing 2500 target. But will it stop there and reverse to start its descent into October/November, or will it move higher, first? There is some disagreement in what the...

Brief as our missive is this week, so we deem same for gold's present pullback. Greetings from Squaw Valley, where six months ago we'd better than 22 feet of snow up at High Camp. Yet just as it has melted away, so has gold melted up, establishing a high for the...

On August 11 the potential and reasoning for anticipated pivots in the US stock market and the gold sector were noted in this article: Potential Pivots Upcoming for Stocks and Gold.

Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.

Here are today's videos and charts.

Gold has surged dramatically to major breakouts since its usual summer-doldrums lows. That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets. Investors are starting to return to gold again to prudently...

Back in January 2017, we predicted that 2017 would be a year of a $USD collapse. At that time it was obvious to us, plain as day, that the Trump administration would want a weak $USD in order to implement its economic policies.

This year North Korea has launched a dozen missiles. With the latest one it has threatened the U.S. with ‘ashes and darkness’ as Kim believes it ‘should be beaten to death like a rabid dog.’

Because of the $20 trillion size of the total U.S. national debt, the Federal Reserve acting to increase interest rates would ordinarily create severe financial problems for the government over time, due to sharply rising interest payments on the debt. There is,...

Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts protect themselves with stop-losses.

For the first time since we’ve been keeping track, two separate Category 4 hurricanes struck the mainland US in the same year. It should come as no surprise, then, that the combined recovery cost of Hurricanes Harvey and Irma is expected to set a new all-time high...

Whistleblowers run a two-pronged battle - on the one hand they are lauded for their honesty in exposing wrongdoing in the fields in which they are involved - on the other, they are hated and despised for their actions by those who want to cover misdeeds, or preserve...

The primary purposes of the incorrectly named “unconventional monetary policies” are to debase the currency, stoke inflation, and make exports more competitive. Printing money aims to solve structural imbalances by making currencies weaker.

On the 2-hour charts I’ve spotted several small H&S bottoms building out on some of the stock market indexes. It wasn’t until Monday of this week that they began to show themselves when several broke out above their necklines. Some of these small H&S bottoms...

When the average investor thinks about gold, they may view it as an inflation hedge…or maybe as crisis insurance…or perhaps solely as a portfolio diversifier. These are all good reasons to own gold—but those are always good reasons to buy precious metals. Mike...

It’s simple: H – I – J – K tells the story. Harvey: Estimate $100 billion in damages from Hurricane Harvey. Insurance helps some and costs others. As a nation it still hurts by $100 billion. Irma: Estimate $100 billion in damages from Hurricane Irma. Insurance helps...

First a quick background check on William White…so we know whether or not to grant his opinions more weight and status than the average analyst, this from an older, but still functional, Economist article titled The curious case of Willliam White (September, 2012...

The $USD continues to drop like a brick, having taken out critical support in the near-term. This is just the beginning. It's only going to get worse from here.

Last week 143 million people woke up to the news that a data breach at Equifax has left them wide open to financial and identity fraud. Readers will have no doubt read about the hacking of credit bureau Equifax. Not only were they slow to deal with the issue but...

My last update on gold was the break out above $1300 in late August. I commented that I believed the next target was $1360 to $1400 where there would be some resistance in that area. We seen a test of $1360 last week and since my call of a bottom in early July, gold...

Those who paid any attention to the financial press last week saw the following narrative; President Donald Trump betrayed Republicans by cutting a deal with Democrats Nancy Pelosi and Charles Schumer. They agreed to punt on the borrowing cap until December and...

It’s not easy to build wealth in any asset class. It’s even more difficult to retain it. This is the short-term gold chart. Over the past week or two, my wealth building mantra has been, “Book profit now”. From a technical standpoint, the world’s mightiest metal has...

Eventually physical demand for precious metals will swamp the games being played in the paper (i.e., futures contract) markets. So every time the commitment of traders report (COT), which tracks those paper games, turns bearish while gold and silver continue to rise...