Gold Editorials & Commentary

The year 2015 is coming to an end and we’ve seen a lot this year. Not only did we see a much stronger dollar, the gold price also weakened despite the dire economic situation in, well, everywhere in the world, terrorist attacks and additional tensions between a NATO...

Black Friday is a big and usually good trading day for the retail sector; however, for gold prices it was a punch on the nose. Gold suffered a loss of $14.30 to close at $1056.10/oz, its lowest level since early 2010.

A great week for markets and leading stocks, which are set to breakout higher and finish off 2015 strongly. There is easy money out there, just not in the metals which continue to be battered as we near the major support areas I’ve taken so much flak for talking...

Gold sector is on major sell signal. Cycle is down. We could see a bounce or counter trend rally in coming days, but a tradable bottom is not in sight yet.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is oversold and a...

The Key Principle of this market analysing discipline we call Chartology : What makes the markets go up and down and sideways is investor’s and trader’s emotions.

If the end is not near, it is certainly nearer. We are not calling for an end, for that is up to the market. All we, or anyone can do is observe developing market activity and make a determination as to when a trend is changing.

Technical analysis via videos.

For six years, the world has operated based on faith and hope that Central Banks somehow fixed the issues that caused the 2008 Crisis. All of the arguments supporting this defied common sense. A 5th grader knows that you cannot solve a debt problem by issuing more...

The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention. Wall Street calmly asserts stocks are reasonably valued, since it has a huge vested interest in keeping people fully-invested. But with valuations soaring...

If you listen to the top central bankers of the world talk for long enough you will come away with the impression that central banks are attempting to give us “price inflation”, as if rising prices were beneficial. However, nobody wants to pay more for stuff. In...

First I would like to thank Haywood Securities for the gracious reception last evening. Right around the turn of the century (sounds like a long time ago) I toured the South African countryside on behalf of GATA. It was in early 2001 ahead of GATA's conference in...

Christine Lagarde and the IMF Executive Board recently announced their intention to include the Chinese renminbi (RMB) in the Special Drawing Rights’ (SDR) valuation formula. This would bring the Chinese currency into an exclusive group – alongside the US dollar,...

“I can prove anything by statistics except the truth” – George Canning. Canning’s aphorism is as valid today as when he was Britain’s Prime Minister in 1817. Unfortunately, his wisdom is ignored completely by mainstream economists. Nowhere is this error more...

Fed officials have recently given several speeches. What can we learn from them? This was a busy month for U.S. central bankers as they tried to telegraph their intention to hike interest rates in December.

To be sure, groups of oil rags are accumulating in the Western financial basement. They await an incident to light them on fire to produce the grandest bonfire in modern history. Many incidents, events, and decisions created the current broken untenable wrecked set...

The PCE price index and consumer spending failed expectations in October. What does it mean for the gold market?

After a nasty and brutal sell-off starting mid-October Gold has been consolidating between $1,064 and $1,095 over the last two weeks. Although we are very close to the potential bottom zone around $980 - $1,035 Gold could still continue to consolidate or even start...

Have the problems exposed by the financial crisis of 2008 been addressed and dealt with to any extent? - no they have not, they have been papered over by creating more debt and printing money, thus making the underlying problems much worse.

Today when gold in US dollars is making a new correction low, the paper shorts are elated. They believe they can win this game of frightening every gold investor to sell their holding. But this elation is likely to soon turn to desperation.

It never gets old. Week after week, the lower the price of gold drops, the more articles I see saying the exact same thing: Gold is being manipulated to go down. So, I feel it is only fair for someone to present some reality to the market on an equally consistent...

The death of paper gold and silver has arrived, however the public doesn’t realize it yet. They will, it’s just a matter of time now. This is like the poor slob whose diet of McFats, Done-Kin Doughnuts and Cancerette smokes, is just one heart-attack away from...

Yesterday, Turkey shot down a Russian warplane. What does it mean for the gold market? Turkey said that it had shot down a Russian fighter jet near the Syrian border after it had violated its airspace. Russian President Vladimir Putin claimed that the plane had been...

Demand for gold is soaring according to the World Gold council’s latest report. The report shows that overall worldwide demand for gold rose by a very significant 33% with the US, Europe, China and Russia all stocking up and pushing demand. Central bankers, led by...

The silence is deafening. Week after week for the last 4 years has seen each lower low in metals and miners met with a bottoming cry by many in the market. However, the silence has been noticeable at these current lows.

It is fairly common knowledge that the gold mining industry has been one of the worst performing sectors in the capital markets over the last five years. From major established gold producers such as Harmony Gold Mining and Kinross falling to under $2 per share...

By now you have heard the news of a Russian fighter being shot down over Turkey. There are conflicting reports as to whether the plane was in Turkish or Syrian airspace. Another unknown is whether the plane was shot down from the air or ground.

In one hand we hold gold, which is eternal, beautiful, and valuable everywhere. In the other hand we are stuck with a debt sandwich. That sandwich is a massive slab of debt wedged between an impressive military war machine that spends money like water flowing over...

In August we came out and openly stated in an article titled the Gold Bull Is Dead that it was not the time to buy Gold. At that time, many analysts were calling for a bottom and much higher prices. We stated that there was a high probability that Gold would move...

A week or so ago we changed our longer-term count in gold to what is shown on the attached Long Term Gold Chart. Our original count had a double (a), (b), (c) corrective drop that started at the wave 3 high of 1923.70.

Based on the historical significance of this indicator we may be putting in a top and possibly THE top for the bull market that began 2009. The indicator concerns the monthly moving average convergence divergence or MACD.