Gold Editorials & Commentary

Gold and silver have more or less confirmed they have bottomed and are ready for a multi-year rally. Their trend has not fully 'reversed' to the upside yet but the market breadth and internals for the precious metals sector are very bullish. My subscribers know that...

The gold price saw some volatile price action today after hitting upside resistance and reversing back down impulsively. Let’s check out the daily and monthly charts and see the bearish pattern that has formed.

Both frontrunners in the race to be the U.S. presidential candidates for the Republican and Democratic parties won easily in New York. It is an important victory because New York is a crucial primary with a high number of delegates. Therefore, both Clinton and Trump...

On March 4 we reviewed the technical reasons why the gold sector was launching as opposed to blowing off. This, after articles began appearing calling the rise to that point a doomed parabolic blow off using daily charts. Those calling it a blow off were confused...

Deutsche Bank is accused of conspiring with the Bank of Nova Scotia, Barclays, HSBC, Societe Generale and UBS to manipulate prices of gold. It was also sued along with the Bank of Nova Scotia, HSBC, and UBS for manipulating prices of silver.

The gold price is set to move higher in the coming months as inflation picks up according to new research from RBC. “Analysis suggests a -0.5% real rate would imply a $1,380/oz gold price and a -1.0% real rate $1,546/oz” — that’s according to RBC’s April 10 Global...

The first month and a half of 2016 were brutal for the US equity market, as the major averages plunged over 10%. The culmination of the decline came on Feb 11th when the Dow Jones Industrial Average dropped 1.6%, and the S&P 500 decreased 1.2%. Since then, the...

The new benchmark for the price of gold, called the Shanghai Gold Benchmark Price, is listed on the Shanghai Gold Exchange and is set twice a day (with the AM session beginning at 10:15am and the PM session at 2:15pm) by eighteen institutions, including top Chinese...

The two main reasons for deflationary forces are the strongly reduced demand for goods from China and the QE, ZIRP and NIRP programs from the main Central Banks (CBs). Chinese GDP growth of approx. 7% can’t be maintained for an economy the size of the US economy....

Many of us have waited for today, April 19, as we anticipated the new Chinese daily gold fix and the opening of the ABX physical exchange. Some may be disappointed, others, ecstatic. I will say I am personally pleased because it was almost exactly as I suspected...

Gold continues to astound most analysts, as it moves relentlessly higher. This is the daily gold chart. The triangle pattern in bullish play is perhaps best described as an “Ode To Awesomeness”. Note the inverse head and shoulders bottom pattern that has...

Let’s take a deep look into COMEX in this article that describes COMEX today. All of us follow COMEX in New York and assess the ‘net speculative long position’ there, so as to see the actual weight of opinion on the gold price. It gives us a clear market opinion,...

Gold had a rather wide range in the overnight session first reaching a low of 1229.10 and then rebounding to a high of 1247.60, at the time that this Post was being written. In spite of that larger overnight range our current thinking remains unchanged as we are...

In mid-January of this year, it looked as if another leg down was in store for the precious metals complex. Most of the precious metals stock indexes broke down to a new bear market low which I was expecting, as I was looking for that one last capitulation move to...

On April 12, 2016, the IMF published its biannual report on the world economic outlook, entitled “Too Slow for Too Long”. The report is as pessimistic as its title. The baseline projection for global growth in 2016 is a modest 3.2 percent, down 0.2 percentage points...

Last Friday afternoon after I read the COT (Commitment of Traders report) numbers, I immediately looked over at the quote terminal only to see that the HUI (NYSE Arca Gold BUGS Index) was going to close out the week a tad below 200 and nearly exactly double where it...

Sales of the US Mint Gold Eagles surged last week as investors were spooked by the emergency Fed meetings. As several news sources reported last week, this was the first time both the President and Vice President “unexpectedly” met with the Fed Chairman to discuss...

China launched yuan denominated gold bullion trading today in a move that will further boost its power in the global gold and FX markets. Critics of the existing pricing mechanisms hope that it will lead to increased transparency and may end price manipulation.

Most everyone who follows the precious metals knows that gold stocks have had a very nice move this year (especially early). While the metal has moved up its move compared to a number of precious metal stocks has been tame.

After finishing its best quarter in 30 years, gold extended its gains, rising more than 17.2 percent year-to-date to become the best performing asset class among other commodities, U.S. Treasury bonds and major world currencies and equity indices.

As expected gold has been moving sideways in a confusing and volatile fashion. Staying at the sidelines was the only right thing to do. Neither bulls nor bears had an easy time. Now that we are already in spring I think gold is finally ready to dip below $1,200. I...

As 2015 came to a close, most investors believed that 2016 would be a year dominated by a series of Fed rate hikes. That conviction solidified in mid-October when comments from multiple Fed officials convinced many that prior hints that the Fed would stay at zero...

A gold correction is coming. As long as you aren’t holding Old Turkey (see below) then the correct strategy is to wait patiently for gold to produce the next intermediate cycle low. Buying now is too risky, and it forces one to time a perfect top.

For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, "Well, if they're not manipulated they're the only market that isn't."

Well, that was interesting. Gold went down over thirty bucks and silver went up over thirty cents. How much longer can this silver rally continue in the face of gold’s nonparticipation? Will speculators really be comfortable bidding silver up to $20 while gold sits...

Although the SPX500 pushed to a new rally high last week, it does not look like a resumption of the bull market. One could point to the NYSI relative strength as a sign of internal strength, but this is contradicted by the relative weakness of key leading indexes....

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid-week and filling Monday’s gap, the miners are set to close the week with some strength. While the...

Imagine as a paying passenger standing on the poop deck of one of the old sailing ships and you hear the Captain say to the mate: “Look at the barometer”, it is now falling faster than I have ever seen it before; there must be a terrible storm on the way. Worse than...

The latest Deutsche Bank case has the metals market buzzing about manipulation again. Unfortunately, most misinterpret the case and the market ramifications. While I know I am fighting the “common think” in this market, I am unable to stand quietly aside and...

Just as we saw similar warning signs prior to the January 2016 stock market decline, so too we see similar warnings now. The important point to focus on this weekend is there are large, growing and widespread Bearish divergences between rising prices and declining...