Gold Editorials & Commentary

The Fed July FOMC minutes that were released last week were nothing short of extraordinary. However, to fully appreciate just what the Fed admitted, we first need a little background.

According to the most recent report on the US Financial Institutions Derivatives trading activity, the US banks held a record amount of precious metals contracts in the first quarter of 2017.  Not only did the US banks report a record amount of precious metals...

Money Metals readers may remember my November 2014 report in which I discussed how gold flowed into China in "tributary fashion" like small streams flowing into a giant one. In this case, the gold has been streaming into China's increasingly massive thousands-of-...

The tragic U.S. Navy incident of the USS John McCain earlier in the week has raised several questions about the cause. Many are wondering if it was more than human error given this is not an isolated incident.

The Dow Jones Industrial Average has moved down close to 600 points off of the high that was struck on August 8th into August 21st lows. Now in percentage terms, this 600 point move is quite a small only representing a move of just 2.6%. In fact, at today’s close,...

It appeared that an ‘AWFUL LOT’ went crazy last week. ALL except Sir Charles, ‘The Round Mound of Rebound’ whose words last week most agreed upon. My point today is that people and masses always go a little crazy before full moons and even crazier before Total Lunar...

It has been ten years since the global financial crisis began to take hold. At the time few would have known that BNP Paribas’ decision to freeze three hedge funds was the signal for the deepest recession in living memory and a near-collapse of the financial system...

That didn’t take long at all. Just a few weeks after the Commitment of Traders (COT) Reports for gold and silver turned positive – setting off a nice rally in both metals’ prices – this indicator has flipped back to strongly negative.

After rallying almost $100 an ounce from the July lows of about $1210 (basis December futures), gold is consolidating its gains.

Last week the XIV saw the largest price drop in over a year falling over 23% from the July 26th High. After bottoming on August 10th the XIV moved back higher stalling out just under the 61.8% retrace level in what counted best as a corrective move higher.

The United States national debt is currently about $20 trillion, and the federal government is paying some of the lowest interest rates in history on that debt. The Federal Reserve has raised interest rates four times now, and is publicly considering another five...

Ten years ago, I was invited by the brilliant monetary theorist, Professor Antal E. Fekete, to give a talk at his Gold Standard University held August 15-31, 2007 in Szombathly, Hungary; and while there, I and others watched intently as a global credit crunch swept...

US Treasury Secretary ‘assumes’ the gold is still in Fort Knox, 64 years after it was audited. 81 years after it was built Fort Knox received its third visit from a US Treasury Secretary yesterday, Steven Mnuchin.

US Treasury Secretary ‘assumes’ the gold is...

The stock market crash story is getting boring and annoying to a large degree. Since 2009, there has been a constant drumbeat of the market is going to crash stories. In 2009, many experts felt that the market had rallied too strongly and that it needed to pull back...

Cryptocurrencies make good currencies, but fail miserably when trying to achieve the status of money. Cryptocurrencies are both created and held electronically inside a virtual wallet. These digital currencies use encryption techniques to regulate the generation of...

The best performing precious metal for the week was palladium with a 3.42 percent gain. Citi forecasts a continued drop in diesel market share in Europe, while Russia’s largest palladium producer boasted of strong auto demand. Gold traders and analysts surveyed by...

The Sage of Omaha’s adage is “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” But for Warren Buffett the current environment doesn’t appear to be offering up any wonderful companies at fair valuations. The...

Most false or irrational ideas about money are not new. For example, take the idea that government can just fix the price of one monetary asset against another. Some people think that we can have a gold standard by such a decree today. This idea goes back at least...

One could argue that we will not have absolute confirmation that an intermediate downtrend has started until we drop below 2405, and that would be reasonable. That level could, in fact, hold the decline in check for a few weeks, as volatility continues to be the...

Unfortunately for precious metals investors, there continues to be a great deal of misinformation about how much gold there is in the world.  The biggest culprit that confuses precious metals investors is what I call, LOUSY CONSPIRACIES.  Those who promote these...

Here’s the Bear’s Eye View (BEV) for the Dow Jones going back to January 1982, a period of market history that covers the entire August 1982 to August 2017 market advance.

Gold sector is on major buy signal since early 2016.. Gold is now at resistance. while USD is at support. GLD is on short-term buy signal. GDX is on short-term buy signal.

More volatility is the name of summer trading. Large moves are coming out of nowhere as the US government in turmoil. Enjoy the show as much as it’s possible since we will likely never see anything like it again, at least that is my hope.

It is my privilege now to welcome in Greg Weldon, CEO and President of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and even authored a book in 2006 titled Gold Trading...

Each year since 1987, I have always used the final two weeks of the month of August as a shopping period in a manner not unlike the “Back-to-School” kind only the wares I seek are junior precious metals stocks as opposed to school uniforms, pens, and books.

Here are today's videos and charts.

The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight...

Late-July through early-September represents an extremely precarious time in the stock market, when a myriad of cycles – ranging from 40-Year & 80-Year Cycles down to multi-week cycles – pinpoint the most likely time for a sharp correction in equities. Specific...

This morning readers woke to the news that a second attack in 24 hours had taken place in Barcelona. So-called Islamic State claimed responsibility for the attacks in Spain. Global stocks have fallen and precious metals have eked out gains this morning as investors...

The last time our ‘Gold Direction Indicator’ was as positive as today, gold rose from $1220 to $1280. The date was July 12th and we wrote an article titled: “The Gold Direction Indicator Just Turned Positive”. Less than three weeks later price had advanced by $60....