Gold Editorials & Commentary

Technical Analysis Of The Markets Via Videos

Despite my hesitation writing another piece like this, love seem to love prediction articles. It used to be easier an easier task to simply identify and go with the trends, but so much is now up to the whims of our central planners that it is nearly impossible to...

I personally believe gold will bottom in 2016. The main reason is the Fed will probably not be able to raise rates four times in 2016 without causing panic in the financial markets. For the Examiner I wrote a series on why the Fed couldn’t raise rates.

For some months now, I have been experimenting with some new charts. Purely by chance I found long-term data of the DJIA on the data base of the Brazilian Central Bank in the form of the monthly close, going back to before 1900. (Thanks Google)

Here is a long-term chart (monthly) showing where the price of gold ended last year (2014) -- and where it is ending up this year. I have drawn in two Fibonacci retracement levels formed off of the entire rally beginning in 2001 to the final top in 2011. As you can...

Gold certainly had a rough year in 2015, grinding inexorably lower on Fed-rate-hike fears and investor abandonment. But gold is poised to rebound dramatically in this new year, mean reverting out of its recent deep secular lows. The drivers of gold’s weakness have...

This coming New Year of 2016 is the year of the Monkey, according to the Chinese calendar. Will this cause wild gyrations in the Chinese and World stock markets, which are symbolized by the volatile nature of the Monkey? Many do not believe that China can derail the...

The market price of gold would be considerably higher if it wasn’t for the massive stock dilution and debt in the gold mining industry. Basically, the gold mining industry issued billions of new shares and debt to help replace production and to compensate for...

The US trucking industry is slowing down. What does it imply for the US economy and the gold market?

Since gold topped out in 2011, it has been in a confirmed and unrelenting bear market. Since that bull market high in gold, the INDU has been outperforming gold in a big way. The first chart I would like to show you is a combo chart, which has the INDU:GOLD ratio...

The precious metals sector will close 2015 entrenched in a seemingly forever bear market. Most of the sector has been in a bear market for over four and a half years. Gold’s bear market will reach four and a half years in a few months. Meanwhile the US Dollar’s bull...

We can all give many reasons why the gold price should be substantially higher. But reality trumps our reasoning, along with our wishes and desires. This is no more evident than in today's market for the precious yellow metal.

Financial writer Bill Holter says all the talk of the so-called “recovery” and reaching “escape velocity is imminent” have been total lies. Holter explains, “We have heard the word ‘recovery’ for seven years . . . we’ve never gotten to the expansion phase.

2015 has been quite a year and we have generally seen what I had expected from the market. The few bears in this market at the start of the year have now been joined by those who were formerly bullish. So, now, the bears are bearish and even the bulls are bearish...

As we wind up the year, let's first briefly look at where we are and then wrap up with a most very basic concept "it is hoped" you will never see ...until it's too late? Before getting started I would like to apologize to readers as apparently the "political...

US consumer spending rose 0.3 percent in November. What does it mean for the gold market?

As we move into the 5th year of this correction in the metals, I would like to take us back a bit in history before we move forward to our expectations, which should be instructive as to how we will be turning bullish in 2016. I also want to review how we treat...

"We had initially asked to pay interest [in 2006] on reserves for technical reasons. But in 2008, we needed the authority to solve an increasingly serious problem: the risk that our emergency lending, which had the side effect of increasing bank reserves, would lead...

It’s my belief that the gold and silver bull market has been taking a well-deserved respite before it enters the final rally phase, conceivably ending in a speculative mania. Precious metals appreciated significantly into 2011 from their bear market lows of the 1990...

Gold rallied to 1074.30 in the overnight session, before giving almost all of it back. We still would like to see gold hit our 50% retracement level of 1063.80 to complete all of wave ^ii^. We still expect a little more weakness before we blast higher, in the...

We are into the last week of 2015 -- and the markets are still marking time; but there is some promise for the precious metals. Only a whisper of a promise and may not have much more when 2015 runs out on Friday. However, if the promises develop some more during...

Gold mining is a tough business. It has been said that more people became wealthy during the California Gold Rush of 1848-49 by setting up supply shops and hotels to serve prospectors than by actually mining for gold. Indeed in the modern era, there are over a...

Forecasting today’s volatile, high-frequency machine driven and manipulated futures markets using fundamental analysis is futile, as a great many precious metals bulls will attest. To complicate matters, an obsession with Fed policy dominates all markets. Officials...

As suspected, the gains seen last week in both gold and silver ( and copper for that matter) were primarily the result of short covering. My view is that the bulk of this was tied to year-end book squaring ahead of Christmas and the New Year’s holiday.

Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested...

We usually focus on the Fed’s actions, but US fiscal policy can also influence the gold market. How will the recent spending bill affect the price of gold? The US Congress has recently passed a $1.8 trillion package of spending and tax cuts. This is a very important...

“Meth” or Methamphetamine is a common recreational drug used, according to Wikipedia, to induce feelings of euphoria, increase sexual desire, and stimulate weight loss, among others.

Christmas is my favorite holiday, as I’m sure it is for many of you reading this. It closes out every year, no matter how good or bad the year was on the whole. We probably all agree that 2015 had more than its fair share of pain and tragedy. But during Christmas,...

Since gold’s 2011 high of $1,920, the gold market entered a brutal bear market that has even worn out the many experienced precious metals investors. There are two questions that seem to be on the minds of investors: “Is the gold correction over?” and “When will...

GDP, employment and inflation are a Holy Trinity of economic indicators. However, reports on consumer activity are also extremely important for the financial markets. It is not surprising: consumers are the ultimate rulers of the economy and their actions affect GDP...