Gold Editorials & Commentary

For more than three decades, China has enjoyed an average annual growth rate close to 11%, which has presently been on a decline in the past five years. The industrial boom which has been part of China’s most recent history, re their prosperity and unprecedented...

After more than four years of falling gold prices even the most ardent goldbug is beginning to scratch his head and have moments of disbelief. Why did gold fall around 10 per cent to date in 2015, the US dollar rise by about the same amount, and US stocks go...

Good friend Michael Pollaro just sent a couple of charts that show the US economy heading for a brick wall. The first illustrates what happens when business sales (the green line) turn negative. In the previous two boom/bust cycles, when sales started falling the...

Gold's technical picture is actually little changed from the last update posted on the 6th, apart from its having made marginal new lows late last week. What has changed is that we have since seen the Fed raise interest rates for the first time in many years, and...

Marking time. That was the theme last week and little has changed. Precious metals remain under severe and sustained pressure – and keep bouncing back, just to get clobbered again and again. However, the flames keep flickering, with promise of the phoenix arising...

I just need to start off saying that due to the Holidays, this update will not include charts. Happy Holidays to everyone!

The recent US economic data is worrisome, especially concerning the manufacturing sector. What does it imply for the gold market?

“At this point, the possibility that the bull market is over is just that: a possibility! But the market should not keep us guessing too long about whether or not this becomes a fact. Many credible economic and geopolitical arguments can be made for it, but we’ll...

On Wednesday, the US Federal Reserve Board unanimously voted to raise interest rates for its overnight lending facility by 0.25%. This puts the target range set by the Central Bank to between 0.25 - 0.50%, with some leeway for rates to fluctuate within this zone.

Markets were choppy waiting for the expected Fed rate rise Wednesday, which came and went and now we’re choppy again but looking as if we may move lower.

Gold speculator and large futures traders reduced their gold bullish positions last week and have now decreased gold bets six out of the last seven weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (...

Whilst preparing to "leave the building" as is our wont on FedDays, several hours prior to Wednesday's dastardly deed performed by the FOMC, I enjoyed a brief exchange of emails with a valued colleague up in Montréal, who bemoaned the notion of having to remain put...

Stocks got crushed Friday, December 18th, the Industrials plunging 367 points after losing 253 points the day before. That’s a loss of 620 points in two days for those of you keeping score at home. The S&P500 got torched for 67 points the past two days, the...

Normally it's not a good idea to write about the same subject twice in a row because not much can be added and reader boredom sets in. What happened last Wednesday deserves another look because I believe it marked a huge pivot point and very few are even talking...

Gold sector is on major sell signal. Cycle is down. A recovery is in progress but condition can be very choppy.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal. Nimble traders can play for a bounce.

It really matters little what the charts are saying about the paper futures for gold and silver here, which we will get to shortly. The focus needs to be kept on a few facts that are inescapably true: fiat currencies throughout the history on this planet have...

The Fed rate hike has come and gone, while the precious metals sector has continued to whipsaw traders day after day. The initial reaction was very positive. However, that completely reversed course on Thursday with Gold threatening to move to a new low and gold...

Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent financial research firm based in Washington DC with clients in 56 countries around the world. His insights have been featured in Rolling Stone Magazine, Crain’s New York Business...

On May 1, 2003 on the flight deck of the USS Abraham Lincoln then President George W. Bush, after becoming the first U.S. president to land on an aircraft carrier in a fixed wing aircraft (in a dashing olive drab flight suit), declared underneath an enormous "...

Technical Analysis Of The Markets via videos.

The Federal Reserve finally mustered the courage to end its radical zero-interest-rate-policy experiment this week. Its quarter-point rate hike announced on the seventh anniversary of ZIRP kicks off the long road to normalization. This leaves the stock markets and...

Alongside the GDP and labor market’s strength, inflation rate is the most important macroeconomic indicator – since the Fed promotes full employment and price stability. The price stability is measured as the inflation rate, so inflation reports are closely watched...

We are going to write about gold in the new non-zero interest rates world in the upcoming edition of the Market Overview in greater detail, but let’s now sketch the possible consequences of the recent interest rate hike for the gold market.

Gold fell to the lowest level in dollar terms since 2009 yesterday after the Fed’s “historic” 25 basis point interest rate rise on Wednesday. The rate hike has been heralded as the “end of cheap money.” This may or may not be the case but what is more important for...

In my last gold update (11/19/2015) I called for gold prices to continue lower into a December 6-month cycle low and that prices would likely test the $1,040-$1,000 levels. The Fed made their announcement yesterday…and it often takes 1-2 days for the dust to settle...

The Fed finally acted this week – upping its benchmark Federal Funds rate by 0.25%. Now that the speculation over whether the Fed will hike has been put to rest, analysts are busily speculating about what the Fed’s move means for the economy and markets.

After months of the Federal Reserve preparing us for a Fed rate hike, it’s here, done and gone. The day after impact of the first rate hike is resulting in lower commodity prices, a strong US Dollar and little impact on stock indices.

Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis by any of the mainstream...

The US official national debt has increased from under $ 2 Billion to almost $19 Trillion in the 102 years since the Federal Reserve was created. Gold has increased from $20.67 per ounce to today’s price of about $1,070. Expect more debt and higher gold prices.

So the Fed stopped playing with the market and finally increased rates by 0.25 per cent on December 16th. This had become the consensus view and came as no shock, so nothing much happened in financial markets, at least at the moment of long-delayed action.