Gold Editorials & Commentary

Gold continues to astound most analysts, as it moves relentlessly higher. This is the daily gold chart. The triangle pattern in bullish play is perhaps best described as an “Ode To Awesomeness”. Note the inverse head and shoulders bottom pattern that has...

Let’s take a deep look into COMEX in this article that describes COMEX today. All of us follow COMEX in New York and assess the ‘net speculative long position’ there, so as to see the actual weight of opinion on the gold price. It gives us a clear market opinion,...

Gold had a rather wide range in the overnight session first reaching a low of 1229.10 and then rebounding to a high of 1247.60, at the time that this Post was being written. In spite of that larger overnight range our current thinking remains unchanged as we are...

In mid-January of this year, it looked as if another leg down was in store for the precious metals complex. Most of the precious metals stock indexes broke down to a new bear market low which I was expecting, as I was looking for that one last capitulation move to...

On April 12, 2016, the IMF published its biannual report on the world economic outlook, entitled “Too Slow for Too Long”. The report is as pessimistic as its title. The baseline projection for global growth in 2016 is a modest 3.2 percent, down 0.2 percentage points...

Last Friday afternoon after I read the COT (Commitment of Traders report) numbers, I immediately looked over at the quote terminal only to see that the HUI (NYSE Arca Gold BUGS Index) was going to close out the week a tad below 200 and nearly exactly double where it...

Sales of the US Mint Gold Eagles surged last week as investors were spooked by the emergency Fed meetings. As several news sources reported last week, this was the first time both the President and Vice President “unexpectedly” met with the Fed Chairman to discuss...

China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and FX markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.

Most everyone who follows the precious metals knows that gold stocks have had a very nice move this year (especially early). While the metal has moved up its move compared to a number of precious metal stocks has been tame.

After finishing its best quarter in 30 years, gold extended its gains, rising more than 17.2 percent year-to-date to become the best performing asset class among other commodities, U.S. Treasury bonds and major world currencies and equity indices.

As expected gold has been moving sideways in a confusing and volatile fashion. Staying at the sidelines was the only right thing to do. Neither bulls nor bears had an easy time. Now that we are already in spring I think gold is finally ready to dip below $1,200. I...

As 2015 came to a close, most investors believed that 2016 would be a year dominated by a series of Fed rate hikes. That conviction solidified in mid-October when comments from multiple Fed officials convinced many that prior hints that the Fed would stay at zero...

A gold correction is coming. As long as you aren’t holding Old Turkey (see below) then the correct strategy is to wait patiently for gold to produce the next intermediate cycle low. Buying now is too risky, and it forces one to time a perfect top.

For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, "Well, if they're not manipulated they're the only market that isn't."

Well, that was interesting. Gold went down over thirty bucks and silver went up over thirty cents. How much longer can this silver rally continue in the face of gold’s nonparticipation? Will speculators really be comfortable bidding silver up to $20 while gold sits...

Although the SPX500 pushed to a new rally high last week, it does not look like a resumption of the bull market. One could point to the NYSI relative strength as a sign of internal strength, but this is contradicted by the relative weakness of key leading indexes....

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid-week and filling Monday’s gap, the miners are set to close the week with some strength. While the...

Imagine as a paying passenger standing on the poop deck of one of the old sailing ships and you hear the Captain say to the mate: “Look at the barometer”, it is now falling faster than I have ever seen it before; there must be a terrible storm on the way. Worse than...

The latest Deutsche Bank case has the metals market buzzing about manipulation again. Unfortunately, most misinterpret the case and the market ramifications. While I know I am fighting the “common think” in this market, I am unable to stand quietly aside and...

Just as we saw similar warning signs prior to the January 2016 stock market decline, so too we see similar warnings now. The important point to focus on this weekend is there are large, growing and widespread Bearish divergences between rising prices and declining...

Today I want to address the nonsense I've been reading elsewhere that the technicals are indicating that gold is still in a bear market. Nothing could be further from the truth. First, let me dispel the idea that somehow the mining stocks haven’t broken out of their...

Stocks were choppy early in the week…but then showed strength to finish. It was a tough week for me being short and seeing them get away from me, which forced me to take more of a loss than I’d have liked. Losses happen, it’s just part of the game and the odd time...

Gold speculator and large futures traders sharply boosted their gold bullish positions higher last week as gold positions have now gained for four straight weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading...

Greetings from sunny Santa Ana, which is about one-third the distance of the some 12,000-square mile seemingly endless slab of concrete that over the decades has been poured from Malibu to Mexico. The 18,000,000 population of the "greater" Los Angeles area alone is...

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. COT data remains in bear market values and is now at levels of previous tops.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy...

The latest gold COTs are out…and they are an absolute horror story: The Commercial Short and Large Spec Long positions having ramped up to multi-year extremes, which we can take to mean that the dollar is not going to crash its support in the 93 area…but will...

Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day-in, day-out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm caused, pausing...

To understand the relationship between the gold ETFs’ inventories and the price of gold it is necessary to grasp how the ETFs work. As we already know, the aim of gold ETFs is to replicate the performance of gold.

The Fed is “one and done” for rate hikes. We called this back in mid-2015. The US economy is far too weak for the Fed to engage in anything resembling a series of rate hikes. Corporate leverage, household leverage, even the national debt stand at levels that limit...

Almost all of those in the precious metals community are avid consumers of news and statistics pertaining to gold and silver [PMs], such has how many tonnes of gold are being purchased by China, mostly. How much gold does China really own, certainly far more than...