Gold Editorials & Commentary

I’ve said all along that if the Fed didn’t get out of the way and let the market correct naturally, it would have serious consequences. Well they have not let the market correct naturally. On the contrary, ever since QE3 ended there have been more interventions than...

The shot just heard 'round he world (for those with ears to listen) was a surprise 2% devaluation by the Chinese of their currency the yuan. I have spoken to many whom I respect to hear their opinions and theories. This is a very important move by China and one...

Gold had a bit of wild ride in the overnight session, reaching a low of 1093.40, and then rallying to a new high for the move of 1118.90! The drop from yesterday’s day session high of 1108.40 to the overnight low of 1093.40, is corrective looking on the Intraday...

China stunned many mainstream media (MSM) analysts this morning. The country’s central bank (PBOC) just devalued its fiat currency by about 2%!

The world is now at tipping point…and this coming autumn we are likely to see the beginning of what I in a 2009 article described as “The Dark Years Are Here”.

A bullish divergence between the gold-mining sector of the stock market, as represented by the HUI and/or the XAU and gold bullion involves the gold-mining sector having an upward bias, while gold bullion has a downward bias or the gold-mining sector making a higher...

Last year at this time, I wrote and asked readers who owned shares in gold and silver producers to send their companies a letter. I ask that you do this once again. Please don't believe I am under any delusions whatsoever, because herding cats is a near...

Gold has bottomed in terms of just about everything like oil (in 2005), platinum (2008) and the Dow (1999). One important measure in terms of which it has not bottomed is the amount of currency (US adjusted monetary base).

Even Though Investor Sentiment Remains Negative towards Gold, Demand for the Physical Metal is very robust. Although investor sentiment remains largely negative towards gold, the price of the yellow metal seems to be carving out some support above $1180 an ounce....

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

Today’s Gold prices were USD 1,113.25, EUR 1008.97 and GBP 713.74 per ounce.

Yesterday’s Gold prices were USD 1,094.80, EUR 998.50 and GBP 707.74 per ounce.

[LBMA AM prices]

A take on the global economy and equities markets that paints a simple and clear pictures I think. The DJIA index has recorded seven consecutive down days in a row! These 7 distribution days are a sign that many institutions are taking profits or establishing losses...

Last week started with the gold PM fix holding above the $1080 level that was seen as key long term support. The great concern was about what would happen on last Friday – the infamous monthly NFP report on Non-Farm Payrolls.

There’s no other way to put it: Commodities took it on the chin last month. July was the seventh worst performing month for the S&P Goldman Sachs Commodities Index, going back to January 1970. Crude oil saw its steepest monthly loss since October 2008. Both...

Gold prices jumped over the $1,100 hurdle easily today as the precious metal seemed to join in the rally with Chinese equities, and shorts were reminded that they can always get caught out when the latest sure-thing goes pear-shaped.

Financial writer and gold expert Bill Holter says the powers know that it physically can’t put off a financial crash much longer. Holter contends, “The system has gotten too big. The system has gotten bigger than the creators of the system, if you will. It is bigger...

The Thompson Reuters/Jefferies CRB Index (CRB) is back down to the panic lows of early 2009. For those who think the CRB Index says nothing about global growth...invest accordingly at your own peril.

Gold and silver traded in a tight range this week on low futures volume. Last Friday the gold price rallied from $1,080 to $1,101. Silver also traded in a narrow range though both are slightly firmer in early European trade this morning.

For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the...

Last week, we left off with this. “Something is happening with gold…” It began in Dec 2008. To understand it, it is necessary to understand two principles. The first is that gold is money and the dollar is credit, which currently has nontrivial value. A dollar is...

I'm attaching three charts today: One chart of the daily SPY shows the parallel between Friday and March 3, 2015. The next one, shows where it could go as far as price and time is concerned, and the third shows the weekly chart of the SPX and what I believe may be...

In this Weekend Report I’m going to update some charts we’ve been following very closely in regards to the precious metal complex. I’m going to use the GDX as a proxy for the other PM stock indexes as it shows the volume.

This morning, gold is 0.1% higher to $1,096 per ounce. Silver is up 0.74% to $15.02 per ounce. Platinum and palladium are 0.74% and 0.5% higher to $973 and $607 per ounce respectively.

Rather than stimulus, the USFed's Quantitative Easing is a death sentence for the USDollar. It might provide an ongoing backdoor bailout opportunity for Wall Street banks, and even a window for China to switch from long dated to short dated USTreasurys, but QE is...

Gold has certainly shown some great volatility recently. And with the recent price drop, there's also been a lot of noise coming from pundits in the gold community. Consequently, this seems to be a great time to ask certain basic questions about this, in many ways,...

Gold speculator and large futures traders added to their gold bullish positions last week following five weeks of decline, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

We believe stocks have started the next Great Bear Market and are headed substantially lower. The decline will be stair-step, but inside this Bear Market, which could last 7 years, there will be several stock market crashes.

Markets are human creations; they enable the specialization of labor that’s so essential in creating, and sustaining civilization. Who today grows most of their own food? Very few people, and those that do typically provide the food for the rest of us.

No, not the panning of physical Gold from the cool, fresh downriver waters of a spring or glacially-fed idyllic stream with trout leaping about; rather the published panning of the Precious Metals in general, their no longer being worthy of once-revered valuation,...

A few weeks ago I suggested that the US stock market was disguised in bull’s clothing. The crux of my suggestion focused on the identification of secular bull and bear markets. I concluded that although the market is, from a trend perspective, bullish, the...