Gold Editorials & Commentary

Precious metals investors heading into 2016 worry the dollar will continue marching ahead, right over the top of gold and silver prices. The Fed is telegraphing additional rate hikes throughout the year, and commodity prices – led by crude oil – are falling.

2015 was a very interesting year in its own right…but the way it finished was even more interesting. As the year progressed, we saw global trade, GDP and earnings weaken significantly. We saw unprecedented rhetoric geopolitically while central banks and sovereign...

“As through this world I’ve wandered I’ve seen lots of funny men, some will rob you with a six-gun and some with a fountain pen. As through your life you travel and as through your life you roam you won’t NEVER see an outlaw drive a family from their home.” – Woody...

Earlier, I reflected back on 2015 by revisiting the 10 most popular posts of the year. Today I’d like to look ahead to 2016 by pinpointing three asset classes that I believe hold opportunities for investors.

The best-performing precious metals as we close out 2015 were gold and silver with returns of minus 10.47 percent and minus 12.45 percent, respectively. The NYSE Arca Gold Miners Index was down 24.51 percent for the year.

Last year (2015) likely will represent the top for the bull market that began in 2009. Stocks finished the year down, representing the first down year since the March 2009 bottom

As we approach the end of the year we are going to review one of the most extraordinary divergences that we have witnessed in modern times. This is very important because once you grasp the magnitude of this divergence and what it implies, you will be able to...

In Part 1 we covered Speculative Bubbles and the Intermediate Gold Targets. Here we will look at the new factors that will shape future bubbles and the different precious metal investment vehicles.

We believe the Credit Cycle has turned and with it will come some massive unexpected shocks. One of these will be the fall out in the Bond Market, centered around the dramatic growth explosion in Bond ETFs coupled with the post financial crisis regulatory changes...

Perhaps it may be lesser known than his other Laws, but Murphy wrote one for the basis analysis. It goes like this. If we observe that the fundamental price of a metal is far removed from the market price, the two won’t likely converge the next week. On the other...

Switzerland will hold a referendum to decide whether to ban commercial banks from creating money. What does it imply for the global economy and the gold market?

When it comes to the Fed’s ability to normalize interest rates, I have very little faith that they will be able to do this without bankrupting the US and its financial system at the same time. If you don’t believe me, then why don’t you ask the former chairman Ben...

Our attention this week will be more to the cycles and planets than to the charts. Last weekend, we were looking for a 4/8 stock market cycle low due early in the week followed by a possible top either December 29 or 30th and then weakness for the rest of the week....

The analysis of the weekly SPX chart gives us a better sense of what the index is doing. Taking into consideration the intermediate term cyclic climate, we could easily see an intermediate correction starting at the secondary high of 2116 continue into March or...

Sentiment towards gold has been so bearish lately that you might think the yellow metal declined by 50% or more during 2015. While it was down 11% in US dollar terms, gold actually advanced in most major currencies during the past year. Out of the 17 major...

The revaluations of price/earnings multiples will have been triggered by the long-term trend reversal in interest rates. This could have cataclysmic effects, given the unusual nature of today's environment, as outlined hereunder.

That title pretty much sizes up where we are in transiting to the New Year. As was the case in 2013 and 2014, Gold throughout 2015 continued to be outed, disparaged and impugned; we now see 2016 as the year the general equities markets get screwed.

Lots of chop for markets as we wound down a so-so year. Setups are forming and traders will return this coming week. Consequently, volume will pick back up. And if all goes well, leading stocks will begin to breakout higher with markets following as this bull...

Current investing model favors bonds over equities. Therefore, investors should overweigh their portfolios with bonds over stocks for safety. Cash is also a position for those who are un-invested or under invested until this model favors equities again.

Gold sector is on major sell signal. Cycle is down. A recovery is in progress but condition continues to be very choppy.Silver is on a long-term sell signal and investors should be in cash or short. Short- term is on buy signal. Nimble traders can play for a bounce...

Technical Analysis Of The Markets Via Videos

Despite my hesitation writing another piece like this, love seem to love prediction articles. It used to be easier an easier task to simply identify and go with the trends, but so much is now up to the whims of our central planners that it is nearly impossible to...

I personally believe gold will bottom in 2016. The main reason is the Fed will probably not be able to raise rates four times in 2016 without causing panic in the financial markets. For the Examiner I wrote a series on why the Fed couldn’t raise rates.

For some months now, I have been experimenting with some new charts. Purely by chance I found long-term data of the DJIA on the data base of the Brazilian Central Bank in the form of the monthly close, going back to before 1900. (Thanks Google)

Here is a long-term chart (monthly) showing where the price of gold ended last year (2014) -- and where it is ending up this year. I have drawn in two Fibonacci retracement levels formed off of the entire rally beginning in 2001 to the final top in 2011. As you can...

Gold certainly had a rough year in 2015, grinding inexorably lower on Fed-rate-hike fears and investor abandonment. But gold is poised to rebound dramatically in this new year, mean reverting out of its recent deep secular lows. The drivers of gold’s weakness have...

This coming New Year of 2016 is the year of the Monkey, according to the Chinese calendar. Will this cause wild gyrations in the Chinese and World stock markets, which are symbolized by the volatile nature of the Monkey? Many do not believe that China can derail the...

The market price of gold would be considerably higher if it wasn’t for the massive stock dilution and debt in the gold mining industry. Basically, the gold mining industry issued billions of new shares and debt to help replace production and to compensate for...

The US trucking industry is slowing down. What does it imply for the US economy and the gold market?

Since gold topped out in 2011, it has been in a confirmed and unrelenting bear market. Since that bull market high in gold, the INDU has been outperforming gold in a big way. The first chart I would like to show you is a combo chart, which has the INDU:GOLD ratio...