Gold Editorials & Commentary

The Subprime 2.0 story is now gaining traction in the financial media. By way of brief review, here is the template for Subprime 1.0 (the mortgage meltdown).

Examine the picture below. The global economy thrives on debt and credit. We purchase essential products using debt/credit. The U.S. dollar bill is a debt of the Federal Reserve. All debt based assets have counter-party risk.

How does one construct a portfolio in an era of seemingly ever rising and highly correlated asset prices? Years of asset prices moving higher has changed both retail and institutional investors; it has changed the industry; and, in my humble opinion, those changes...

Of all the mini-bubbles now inflating out there, maybe the least explicable is the race among emerging market companies to borrow dollars. This has gotten them – and their governments — in huge trouble so many times in the past (see the Mexican default of 1982 and...

Gold takes it on the chin as the markets interpret the FOMC Announcement yesterday to keep a June rate hike fully in play. Furthermore, silver continues to lose to gold via the gold silver ratio. Lastly, copper prices sink off of a stunning 32% increase in LME...

Most people are probably aware of the saying "Sell in May and go away". This popular seasonal Wall Street truism implies that the market's performance is far worse in the six summer months than in the six winter months.

Gold Price –New York closed at $1,256.90 yesterday after closing at $1,257.20 Tuesday. London opened at $1,254.00 today. Overall the dollar was slightly weaker against global currencies early today. Before London’s opening:

After the U.S. economy disintegrated in 2008, due to the Banking and Housing crisis, Americans pawned off a record amount of gold.  How much gold?  Nearly, 32 million oz (1,000 metric tons).  That’s one heck of a lot of gold.   Matter-a-fact, U.S. gold scrap supply...

From a technical perspective, gold is recoiling from the weekly chart downtrend line and a daily chart overbought condition. The Stochastics oscillator I use for the daily gold chart is the 14,7,7 series.  It’s now at about 32, and decent rallies tend to begin after...

The price of gold is dominated by investment demand* to such an extent that nothing else matters as far as its price performance is concerned. Investment demand is also the most important driver of silver’s price trend, although in silver’s case industrial demand is...

This video discusses the daily and intermediate cycles in gold. Price is now expected to at least tag the lower intermediate cycle trend line around 1240. Following a brief bounce price will likely retest the lower triangle trend line at around 1140.

By now, anyone with a working brain knows that stocks are in a massive bubble. For most valuation metrics stocks have NEVER been more overvalued than they are today. However, up until now the question has remained, “what will be the needle that bursts this bubble...

In order for the central bank Ponzi scheme of fiat currency to work, especially on a global basis, the central banks learned early on that gold was the enemy of their scheme and, therefore, must be eliminated from the monetary system. The first real step was ...

For the bargain price of 36 AED (£5) I can buy Global Property Scene magazine, here in Dubai. This month it is running the headline ‘ Could Brexit be the making of the UK Property market?’

Last week I had the pleasure of attending Evercore ISI’s Energy Policy & Geopolitics Conference in Washington, D.C., where I visited with senior staff responsible for infrastructure and energy decision-making. The meetings were encouraging and highly instructive...

The markets are speaking, but no one is listening. The single driver of the stock market since election night is the hype of a Trump-policy driven economic boom. The economy is booming, but based on expectations NOT actual policy changes. This is a critical...

The best performing precious metal for the week was palladium rising 4.07 percent as Metals Focus sees a global deficit of about 680,000 ounces this year.  In addition, Norilsk Nickel PJSC noted this week that their first quarter production of palladium declined 14...

The primary catalyst to keep investor confidence sky-high while stocks are fliting with the most expensive valuations in history is the passage of Trump’s comprehensive tax relief plan. But one thing is for sure, the current tax changes being proposed by the...

Everything considered, best guesstimate is that SPX should have one more minor wave up, possibly to 2405, before completing wave B of the larger correction.

Reminiscent of that classic 1970 LP "Déjà Vu" --(CSN&Y), gold these days is quietly crooning the spacey tune "... and I feeeeel like I've been ... here before..."

Following this market is an exercise in frustration.  Last week, the Dow Jones Index appeared ready to roll over.  I expected the Dow Jones to be closer to its -5% line than its -2.5% line at the close of this week.  But as you can see the Dow’s BEV chart below, it...

We saw a few leading stocks act pretty solid this past week on earnings, while most aren’t acting so well from what I see. The Nasdaq has been doing well as a result of just a few stocks, while the S&P500 Index and Russell2000 are fading off support and breaking...

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to...

Gold stocks as represented by $HUI did not breakout as we thought it would, but extends its correction into a consolidation. The longer the consolidation, the more powerful the eventual breakout.

Time to bust yet another hole in the “stocks are cheap” argument. As we’ve already noted earlier this week, based on the only valuation metric that can’t be massaged, stocks are more expensive than they were in 2007 and on their way to tying the all-time high...

Gold has had a wild ride since Trump’s surprise election win in early November.  This metal first plunged then surged, ultimately making little headway.  It wasn’t until mid-April that gold regained its pre-election levels.  This overall lackluster gold action was...

Ten years ago, U.S. Global Investors embarked on an experiment in digital communications. Let me set the stage. It was April 2007, when the financial crisis was not yet a blip in the capital markets. The Dow Jones Industrial Average was holding steady above 13,000,...

This time, the U.S. central bank did not make us wait too long for the next hike. Just three months after the hike in December, the Fed moved interest rates up again. Although the pace of the current tightening cycle is extremely gradual, the U.S. central bank is...

There’s this notion put forth by the majority in the precious metals community that the Fed and Central Banks control the market price of gold.  I have even heard that some analysts believe the Fed could push the gold price anywhere they saw fit…even to zero.  While...

In last week’s Insight article, America’s Financial War Strategy, I described how the Chinese government viewed the geopolitical scene. It is clear from earlier remarks by the Peoples Liberation Army’s senior strategist, Major-General Qiao Liang, that the view in...