Gold Editorials & Commentary

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.

The case for gold ownership is not any weaker or stronger now, than it was a thousand years ago. Gold is the world’s ultimate asset, and that’s irrespective of whether the price is currently rising or falling.

“The coins’ excellent condition indicated that the owner systematically stashed them away shortly after they were made, the archaeologists said. For some reason that person had buried them shortly after 294 and never retrieved them. Some of the coins, made mainly of...

Let’s try to untangle the web of Fed-speak going on here. “Reality” for our purposes is defined as my opinion, obviously.

Japan’s economy fell back into recession again. What does it imply for the gold market? The Japanese GDP shrank 0.8 percent in the third quarter on an annualized basis, after a revised 0.7 percent decline in the second quarter. Thus, the world’s third largest...

Why does the lack of liquidity in bond markets have many of the world’s top economic opinion-makers worried? Ben Wright writing in the Telegraph reports on the voices in “the chorus of doom” and explains why the evaporation of this liquidity in the global fixed...

The prevailing view in the gold community is that banks are speculators who bet on a falling price. To begin, they commit the casino faux-pas of betting on Do Not Pass at the craps table. When everyone wants the price to go up, the banks seem to want it to go down....

The Cato Institute published yet another report, in a litany of many reports, documenting the decline of freedom in America. The latest report utilizes data through 2013 and reports that once again the United States has dropped from 2nd place in 2000 to a dismal...

In two recent articles, I commented on the seasonality of the gold price and predicted short-term trends (Mercenary Musings: October 19 and October 26, 2015). Today, I examine the 12-year performance of gold during the pre-holiday to post-New Year time frame. The...

Precious metals bulls question why metals prices keep falling in the face of what appears to be strong demand and great fundamental reasons for prices to move higher instead. The bears have some answers of course. You can't eat gold, it's basically a pet rock, and...

During the course of 2015 gold has lost around 9 percent, dropping to a five-year low and losing some of its appeal as the Fed prepares to hike interest rates for the first time since 2006. Last month Goldman Sachs reiterated that a rate hike in December would...

In February, we reported that the Baltic Dry Index had plunged to the lowest level since 1986. We stated that this was a sign of a slowdown in the global economy, since the index measures the cost of shipping freight around the whole globe, which is very sensitive...

The fact that global debt is growing throughout the world is widely acknowledged and well documented. However, when faced with the numbers, the magnitude of the problem is still quite shocking to read. An article last week in Washington’s blog gives us a stark and...

About a month or so ago I started posting regularly on the possible inflection point I was seeing in regards to the deflationary trend that has been on -going since 2011. As you know stocks move from a reversal or consolidation pattern in an impulse move which is...

Three markets, closely related because of the shared influence of the US dollar, last week tested or is testing major long-term support and has held – so far! Should the support continue to hold into a rebound, gold and silver may have made their long term lows, and...