Gold Editorials & Commentary

Today’s rally was the most important in gold since it entered a bull market in December 2015. Actually, the rally has significantly raised the odds that the entire bull move since then has been impulsive rather than merely corrective of the bear market begun from...

Indian Prime Minister Narendra Modi launched a surprise attack on cash in late 2016. He gave Indians a few days to convert the two largest denomination bills then circulating to bank deposits, after which point any undeposited notes would become worthless. The move...

China recently announced they will trade oil for yuan “backed” by gold. The story has gotten some press (none of it mainstream mind you), and many have questions as to what it really means. While quite complicated as a whole, when you break this down into pieces I...

The B word is something which is almost whispered in financial circles. To acknowledge there might be a bubble somewhere is like admitting the proverbial elephant is in the room. But, like many taboo words, it seems the mainstream are coming around to the idea that...

Tonight I would like to show you some short and long term charts for some of the PM stock indexes. In the very short term they have had a good run and are getting overbought and need to work off some of the bullishness. This is perfectly normal and should be...

A confluence of factors has been pushing the price of gold higher over the past few weeks and I believe it is headed for $1,500 by the close of 2017. After hitting a low around $1,200 in July, the price of gold has since advanced by more than 10% or $140 to $1,340...

What Few Americans know is that just after World War II, the United States owned most of the gold bullion on earth – about 22,000 metric tonnes. In fact by 1945, it owned over 80% of the gold held by nation-states and central banks – an impressive display of...

Yesterday saw the 2nd-largest one day surge in GLD "inventory" in the past five years. What does this signal, if anything at all? I think most everyone here knows how I feel about the GLD. It's a scam. It's a sham and it's a fraud. Oh sure, there's almost certainly...

Indeed, it’s time to buy gold as Insurance! Investors in the resource sector are starting to lick their chops at the prospects of $5,000 to $10,000 gold within the next few years or perhaps sooner.

Last week The Dow Jones Industrial Average saw a peek high that was up just over 400 points off of the August 21st lows. This move represented a percentage gain of just under 2% during this 2-week period. Furthermore, this move higher off of the August 21st low...

A faltering economy, creeping inflation and ongoing geopolitical issues are feeding a resurgence in demand for the yellow metal - and best of all it has cracked a critical six year chart resistance levels. If gold is really "the sum of all fears" then the gold price...

What’s increasing the demand for gold? Is it Kim Jong-Un’s calls for nuclear war? Trump’s tough tweets on government and trade and unleashing “fire and fury” on North Korea? The threat of World War III? Possibly not, according to Jeff Currie of Goldman Sachs. This...

North Korea fired a ballistic missile over Japan last Tuesday, sending gold to its highest level in 2017. Last month, we told you that Ray Dalio, the world's largest hedge fund manager, suggested holding up to 10% of your portfolio in gold, warning of rising risks...

Gold has staged a fabulous rally from about $1220 to $1245. Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.

It is my privilege to welcome in Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and...

The best performing precious metal for the week was palladium up 5.86 percent on speculation that automobile sales will jump to replace ruined vehicles in Texas, post Hurricane Harvey.  That rally could be short lived as the auto inventories are high and all the...

The next leg up for gold is officially here. Gold has broken out of the mother of all triangle patterns established by the long-term bull market trendline established in 2006 and its seven-year descending line from the 2010 peak.

On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return to work.

China announced on September 4, 2017, that they desire to import their oil using their Yuan currency (backed by gold)…not the US petrodollar.  Since China is the biggest importer of oil on our planet this decision should/could dramatically alter the perceptions of...

Safe haven gold continued to eke out further gains of 0.73% today and reached its highest level in 11 months at $1,338.65/0z. The latest gains came after North Korea’s latest and most powerful nuclear test again saw investors diversify into safe haven gold and other...

Next week SPX must decide if it ends its rally at the current level, goes a little higher first, or continues all the way to 2500+, which has remained an unfilled projection made long ago.

Price and volume action in gold in recent weeks has been very bullish indeed, as it moves towards completion of its giant 4-year long Head-and-Shoulders base pattern. We can see this to advantage on gold’s 10-year chart shown below. The volume pattern and volume...

For the fervent follower of gold, to say 'tis been "superb" year-to-date may seem at first blush an excessively exaggerative stretch, given the above panel's showing us that price is but one point above where 'twas at this time a year ago -- and to just be in sync...

The graphic card in my computer committed suicide Monday evening this past week, and I didn’t get it back until Thursday evening. So this article may be a bit short of text and graphic than are my usual outputs. I think I’ll use this as an excuse to focus on gold...

This week was the first week of the rest of your life, as well as the mark of the resumption of the secular bull market in gold. Things are really shaping up nicely in the precious metals arena. Gold broke a major trend-line and closed the month with a breakout on...

Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is up. COT data favors overall higher gold prices. We are holding gold related ETFs for long-term gain.

While the perennial skeptics popped their heads out earlier in the week to again profess their disbelief in gold’s performance, supportive macro conditions behind the nascent and discreet bull market in precious metals continue to advance.

All four precious metals have made gains in the month of August. Whilst platinum and palladium’s leading performances can largely be attributed to industrial factors they have also benefited from the safe haven demand which is driving gold and silver prices.

The long-term economic oscillations between boom and bust are caused by changes in the money-supply growth rate. It can therefore make sense to monitor such changes, but doing so requires knowing how to calculate the money supply. Unfortunately, most of the popular...

It has been proven repeatedly by various market experts that stock market cycles exist. Whether you believe in them or not that is up to you, but as a technical trader myself I see price action repeat on virtually all time frames from the intraday charts, to daily,...