Gold Editorials & Commentary

The collapse of the US economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing the nation, so they continue to believe business as usual will continue...

I am starting this week’s update with a mini-rant directed towards the manipulation theorists. For years, they have complained that one of the facts supporting their market manipulation theories is the “overnight” drops we have seen in the market, so I would like...

A week post-Brexit and many will wonder what changed – if anything. In fact (and you’ll have to take our word for it) we started this column on the night of the vote; before the results were known publicly.

In a boxing ring, size must be respected. In the same ring, a heavyweight champion fighter tends to absolutely destroy a flyweight fighter. In the gold market, size must also be respected.

Gold was lower in the overnight session reaching 1308.00, at the time that this Post was being written, as the Brexit panic is starting to subside. Now comes the complicated part of… implementation. We view the drop from the 1362.50 high to the current low of 1308....

It has been reported that about $10 Trillion of sovereign debt “yields” negative interest. Assume total global sovereign debt is about $60 Trillion. Therefore, about one-sixth of all sovereign debt has negative interest rates. This brings to mind a few questions.

I'm sure you are well aware of the big stock market drop that hit the US stock market on Friday as the DOW fell over 600 points following the UK BREXIT vote. Almost every sector of the stock market fell except for gold and Treasury bonds. I believe that what we...

The selloff since Friday may seem momentous to trade-desk denizens, but so far it has barely caused a blip on the Dow’s weekly chart (see inset). Would another thousand-point selloff seem scary? As you can see for yourself, even that would not exceed any important...

This could be the year that the mainstream investor finally pushes the gold market over the edge. While a fraction of investors continue to acquire a lot of physical gold, the mainstream investor is the key to driving the gold market and price going forward.

The historical Brexit vote last Thursday is certainly an impactful event which is still unfolding. The British people have decided to leave the European Union (EU). This messy situation will impact other countries beyond EU. For the last days, the world stock...

Alan Greenspan, the former Chairman of the Federal Reserve has warned that Brexit was a “terrible outcome in all respects” and that we are in the “early days of a crisis.” U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on...

Gold has probably peaked for the year. Not necessarily in US$ terms, but in terms of other commodities. In fact, relative to the Goldman Sachs Spot Commodity Index (GNX) the peak for this year most likely happened back in February. The February-2016 peak for the...

While the world continues to focus on the BREXIT, two other, much larger problems are emerging. The first is that the US is back in recession. Labor Market Conditions, Industrial Production, the Dallas Fed Workweek, Commercial and Industrial Loan Delinquencies,...

I was one of the few last week who said the stock market would fall on Friday. It has also fallen further than even I expected. So what’s next? The chart below shows a counter trend rally likely on Tuesday, perhaps back to 2049/50 SPX. This to be followed by one...

Defying sentiment polls leading up to last week’s historic Brexit referendum, British voters said “thanks, but no thanks” to excessive EU taxation and regulation, choosing to take back Britain’s sovereignty in financing, budgeting, immigration policy and other areas...

The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. “Risk on” assets were relentlessly bid up prior to the vote. For example, S&P 500 index futures had closed the previous...

The British referendum should have a significant influence on the markets this coming week. It is best to keep from making specific predictions, especially about the intermediate trend, until after the results have been announced.

At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even...

There will be a new day in the UK, it will be just different. The shock of the Brexit referendum will ease, but the effects will be long lasting. In the interim, a new Prime Minister must be appointed to negotiate Article 50 with the European Union. Additionally,...

Woke up to stunning news this morning – sorry, I don’t stay up watching election results – that Britain has voted by a narrow but clear majority to leave the EU. I had feared that the British electorate would be cowed into submission by the barrage of pro-Europe...

What makes a black swan? A working definition would be the swan is an unforeseen event that has the impact to unexpectedly reroute a majority of major markets in a negative way. If an event was not foreseen, but only affects a single market, it can hardly qualify as...

Great Britain stunned pundits by voting on Thursday, June 23rd to exit the European Union. Stocks plunged globally after the vote. While there are a ton of reasons why The U.K. decided to secede, the irony cannot be lost. The fact of the matter is, what started as a...

Bravo Zulu to the people of Great Britain for deciding to kick those worthless EU bureaucrats out of their lives. Though from what I’ve read, it seems Scotland in the main voted to stay in the EU. I’m not surprised. Since the 13th century, with King Edward I, a.k...

Gold gained 1% for the week. The stock market wiped out its gains for the year. Funny how freedom confronts the artificiality of financial markets' levels, gold being at half its currency debasement value and the S&P500 at double its earnings support.

We received a batch of astounding numbers in this week’s COT report for not only silver, but also for gold. Guess what? Hedge funds are at a new all-time high on the long side exposure of gold.

It’s official – UK voters have chosen to take themselves out of the European Community and to resume taking responsibility for their own economic fate.

Today, understanding palladium is more important than ever, because there are important correlations between the palladium/gold ratio and stock market prices. Currently, the ratio of palladium to gold is giving warning signals for both the economy and the stock...

What a last 24 hours for markets! At one point Gold was up $100/oz, S&P500 futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz as Silver settled below key resistance at...

Gold sector is on a new major buy signal. However, the sector is vulnerable to a multi week correction which is long overdue. Silver is on a long-term buy signal. Short-term is on buy signal. However, silver is vulnerable to a multi-week correction which is long...

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