Gold Editorials & Commentary

Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes.

Despite increasingly strong supply/demand fundamentals, gold prices have continued to tread water – more or less within a narrow $100 range – having hit overhead resistance a few weeks ago near $1175 and now testing support near $1075 an ounce.

Although the bond prices do not drive the price of gold, the spreads between prices of bonds or yields – the different sides of one coin – with different risk level may be an important factor for the gold market.

Technical Analysis via videos:

Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep...

Nearly 92% of economists surveyed this week by the Wall Street Journal expect that our eight-year experiment with unprecedented monetary easing from the Federal Reserve will come to an end at the next Fed meeting in December.

A coalition of leftist parties who are against austerity has effectively ousted Portugal’s center-right government just few days after it took power. What does it imply for the gold market?

Russian central bank governor, Elvira Nabiullina spoke about Russia’s gold and foreign currency reserves today saying Russia intended building them up to $500 billion in the coming years. More importantly, she confirmed that Russia continues to see gold reserves as...

Over the last week we have used market sentiment indicators and index charts to gauge the prospects of finding a high on the post-September relief ‘bounce’ rally. During August and September market sentiment had become brutally over bearish and this was very...

The global economy is slowing down rapidly -- and it is conceivable that the developed world may face a recession next year. Already, the Japanese economy is contracting and even Europe is barely growing. Across the pond, the US is still muddling through but the...

My e-mail box has been filled up this week with panicked owners of gold and "trolls" – (indeed) it is sometimes hard to decipher which is which. I say this because the logic being employed is in some cases panic driven and in others just plain flawed, but similar...

With the dollar having recently risen to a new seven-month high, commodity prices are in retreat. The brown line in Chart 1 shows the CRB Index (of nineteen commodity markets) falling to the lowest level since August (through yesterday).

Debt overwhelms most people in debt based fiat currency economies (US, UK, Europe, and others). Credit cards, auto loans, student loans, mortgages, and more …

Everything is rosy, or is it? The Dow is flirting with 18,000 again but stocks are overvalued. Positive economic news is not so positive because it means that the Fed will push up rates. Bad news is just bad news.

We would like to update some of the charts on the possible inflection point we looked at about three weeks or so ago. That possible inflection point is still gaining momentum to the downside as the deflationary environment still looks good to go. No market goes...

Today, the World Gold Council published a new edition of its quarterly report on gold demand. What does Gold Demand Trends Q3 2015 say about the demand for gold in the third quarter of 2015?

Gold Demand Trends Q3 2015 was released by the World Gold Council today. The quarterly publication is the leading industry resource for data and opinion on global gold demand and examines demand trends by sector as well as geography.

We are often told that the global economy is strong… that fears of a contraction are overblown… that China is still an engine for economic growth… and that the US has detached from the turbulence in the Emerging Market space.

Gold fell heavily last week as forecast. Our long awaited fall to lower lows seems finally to be underway. Contrary to most opinion this fall is not a case of manipulation by dark forces, but is simply a resumption of a long term trend we have been modelling for...

If there is an interest rate hike in December, it will likely be only a 25 basis point rise. Why should gold investors take care of such a baby step?

Many people agree that it’s important to move to a free market in money (i.e. the gold standard). They also say that it’s just as important to fight bad taxes and regulation. In their view, government interference in the economy is like friction in a car. The more...

Two weeks ago I changed my mind and warned of an immediate sell off in Gold and precious metals. Three days later Gold quickly touched $1,182 only to tumble down after the FED statement. Luckily, my recommendation to sell short any strength towards $1,175-$1,180 has...

Today we turn our attention to the precious metal that once brought joy and riches to its owners, but now seems to bring nothing but despair and disappointment. I’m talking, of course, about gold.

For the last 4 years, we have heard most analysts and pundits call the end to the metals correction, only to see the market head lower. And, many of them have done so many times. However, if the market takes a direct route to the lower levels we have been...

Hugo Salinas Price is a Mexican citizen, born in the USA of an American mother and a Mexican father. He is 83 years of age. Married for 60 years to a Mexican wife; they have 18 grandchildren. He studied at three universities: Wharton Business School, Monterrey Tec (...

Gold remained range bound in the overnight session, as we traded within the high and low that was made in yesterday’s day and overnight session. We need gold to start moving higher if wave -ii- actually ended last Friday at the 1184.50 low.

In the short-term, gold and related items have a rough general tendency to decline into the US jobs report…and then to rally in the days (and weeks in some cases) following the release of that report.

Gold ticked up after an eight-day losing streak on Monday, but languished near its lowest in three months as surging US nonfarm payrolls boosted expectations of a December rate hike in the US.

The Silly Season – the Elect a President Cycle – is upon us. We pretend the candidates matter and care about the American public and their values, we pretend the election is important, and we forget that the outcome is heavily influenced and/or controlled by Wall...

It has been a rough few weeks for gold investors, as the price has experienced a waterfall decline of over $100. First, the price dropped through key support at both the 200-day and 100-day moving averages. Then it proceeded to violate the uptrend (green line) that...