Gold Editorials & Commentary

The bubble in ‘no holds barred’ monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade. Gold, meanwhile, will not be ready until the “post” bubble.

We detail the current breakdown of precious metals against the stock market. Gold, Silver and gold stocks are breaking down to multi-year and in some cases multi-decade lows relative to the stock market.

Central banks gobbled up gold again in 2023. Central bank gold buying fell just 45 tons short of 2022’s multi-decade record. According to the World Gold Council, central banks net gold purchases totaled 1,037 tons. It was the second straight year central banks added...

In this episode of Midweek Money Metals’ Memo, host Mike Maharrey provides some examples of this strange phenomenon, and then explains why this is going on. It all boils down to the market’s addiction to the drug of easy money.

Gold has been going sideways now for several months with resistance at $2100. With interest rates coming in the next few months central banks around the world have been buying gold and precious metals traders are expecting a big rally above $2100 to occur as that...

The Federal Reserve recently disclosed its preliminary income and expenses for 2023, revealing an unprecedented $114.3 billion in operational losses. Somewhat surprisingly, Fed officials seem unconcerned about this financial performance.

After the collapse of Bretton Woods in 1971 several European central banks tried setting up a new gold pool to stabilize the price and move to a quasi gold standard. The US wanted to phase out gold from the system and enforce a dollar standard on the world.

As we predicted, Jerome Powell threw a bucket of cold water on gold and the rest of the markets, and we’re now experiencing sell-offs as expectations reset.

When conversations come up regarding government debt, the focus is usually on the national debt. The $34 Trillion national debt (not to mention the $80 trillion in unfunded obligations from Social Security and Medicare) is crucial to understand, but that often means...

Money supply growth fell again in December, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight years. December's drop continues a steep downward trend from the unprecedented highs experienced during much...

The most attractive gold juniors are those with assets in established mining jurisdictions, preferably in close proximity, and on trend, to mines operated by the majors.

Huge breakouts in markets are accompanied by long bases and very low volatility. Gold is in a long base and its volatility indicators remain in position for Gold to move explosively if it breaks $2100.

I have written that the commercial real estate market could be the next thing to pop in this bubble economy and that could lead to the next major financial crisis.

Can pigs fly? Perhaps they can, but with US stock markets soaring and wage pressures intensifying, it’s very hard to see the Fed engaging in aggressive rate cuts.

After writing publicly for over 13 years, I have come to notice that the landscape has very much changed. There were many through the years that have attempted to take me to task for my differing perspective on the market.

The best performing precious metal for the week was gold, rising 0.86%. With the odds being roughly even that the Fed would start cutting interest rates at its next meeting in March, gold came out of the gate on Monday well bid.

In the last few weeks we have been allowing for, even anticipating a renewed bout of inflation concerns as the yield curve (10-2) steepens, nominal yields had dropped significantly to support and now finally CME traders lunge to the ‘no cut’ view for the March FOMC...

The probability of interest rate cuts has many market participants pondering whether 2024 will bring a bull market for precious metals. Gold has held up quite well despite the Fed’s tightening cycle, gaining 13% in 2023.

Most mainstream economists believe the application of quantitative methods on historical data can explain the state of the economy. Others such as Ludwig von Mises held that the data utilized by economists is a historical display, which by itself cannot provide the...

Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees, citing a forecast for weaker shipping demand in 2024. The company said the downsizing will save about $1 billion in employee costs.

The Federal Reserve’s most recent policy statement came with a curious omission. Fed officials removed language from previous statements that proclaimed “the U.S. banking system is sound and resilient.”

Gold has important short-term support at $2000 and Silver does at $22. If the metals lose those levels then there could be more selling. However, it could setup a significant low before the spring.

The situation in gold and gold stocks is not stagnant. Something shifted. And the implications are not minor.

Here are a couple of headlines concerning the economy that appeared atop Bloomberg’s front page on the same day last week. Taken together, they could make one’s head spin.

As the mess we have as our national debt climbs and interest on the debt becomes one of our biggest mandatory expenses, who do we pay interest to, and how do we pay it?

Unemployment continues to flounder along the bottom, in my opinion still carving out a low before an economic counter-cycle to come. But copious amounts of patience are required on this and many other financial/economic signals.

To prevent public debt from soaring in the wake of the global financial crisis in 2009, Germany has enshrined a “debt brake” in its constitution. The debt brake sets strict limits on federal public debt levels and restrains government borrowing.

David Skarica talks about his investment philosophy, Gold’s potential and maximum pessimism in the gold stocks and junior gold stocks.

When we last left you a week ago, (albeit given the website’s daily updating we never really leave), we were eying Gold as languishing on a weekly basis, but on a daily basis ’twas set for some bounce. 

The Dow Jones continues making new all-time highs / BEV Zeros; four more this week.  I’m not going to argue with success, the stock market is going up, or at least the Dow Jones is, as well as some of the other major-market indexes.