Gold Editorials & Commentary

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. 

SGS Key Charts, Signals, & Video Analysis

As FOMC rides into the sunset until March, the US Dollar index is left to fend for itself amid the hawkish (or at least not yet dovish) echos of Jerome Powell’s assertion that the market should not expect rate cuts in March. Well duh, we know that already, sir.

The Federal Reserve held its latest policy meeting yesterday, followed by another press conference from Fed chair Jerome Powell.

Murray Rothbard called Richard Cantillon the “father of modern economics.” While that title is often given to Adam Smith, Rothbard suggested that all the good things in Smith were first discovered by Cantillon or other pre-Smithian economists and that virtually all...

The Federal Reserve didn’t do anything at all at the January Federal Open Market Committee (FOMC) meeting. But Jerome Powell aggressively ran “open-mouth operations” trying to dampen market expectations for a rate cut at the March meeting.

Gold is money! Silver is money! Everything else is credit! J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”

Last week, I started speaking of reported “real GDP” verses “real, real GDP” and of reported actual inflation v. “actual, actual inflation.” Today, Wolf Richter has begun to do the same thing with Biden’s Treasury reports of how much they will have to issue in new...

Fresh GDP numbers came in and it was a blowout. The kind of blowout that only a $2.7 trillion government deficit can buy while the private economy crumbles around it.

For the fourth time in the last 10 years, the stock market broke to a new all-time high after consolidating for a few years or crashing as it did during Covid.

How much would it cost to buy a pound of gold? It actually depends on what you mean by "pound." Yes. There is more than one kind of pound.

The best performing precious metal was platinum, up 1.56%. Both platinum and palladium were up this week despite hedge funds boosting their net short position to record highs on palladium and flipping to net short on platinum.

A global markets rebellion? Can it really happen, and how should citizens of the world prepare to handle it?

The difference between the perception of the stock market during October 2023, and today, is amazingly stark. At the time, almost everyone believed we were likely heading towards recession, and that the stock market was on its way down in a big way.

It appears more and more likely that the Federal Reserve is poised to completely abandon any pretense of fighting inflation, despite the fact CPI remains well above the 2 percent target.

After a scare with January’s Consumer Price Index (CPI) release, economists and market watchers are breathing a sigh of relief following the latest Personal Consumption Expenditures Price Index (PCEPI) data.

While most of the financial world is not thinking about it yet, we're in the midst of a change in the global monetary system. The safety of the US treasury as the reserve asset is being called into question, as central banks and a growing list of well-known...

Interest Payments on the Debt Hit $1 Trillion. As a percentage of federal income and federal spending, it is closing in on all-time highs.

The gold market has seen quite a bit of action in recent weeks. Initially, on Monday, December 4th, during early Asian trading, the anticipated breakthrough above the all-time high at USD 2,075 was finally achieved.

This week, I published a video update evaluating whether gold stocks are cheap or undervalued. There is a difference. But I digress. After publishing the video and reviewing the comments, my biggest takeaway was that gold stocks are hated. 

The Inflation Deflation and Economic Cycle Model measures the liquidity impulse from fiscal and monetary policies. This is how we determine what will occur with the ROC of inflation and economic growth. The current liquidity factors that must be measured are the...

Although gold appears to have broken out of a triple top and recently hit fresh all-time highs at $2152, the gold miners are trading at the same prices they were 20 years ago. I believe this strange disconnect is going to change this year, since gold is finally...

The dollar is in the advancing phase of a new intermediate cycle and that means the euro is in the declining phase of an intermediate cycle. This has ramifications for metals. As long as the dollar is rallying, it just makes it much easier to keep metals suppressed...

The Federal Reserve’s interest-rate pause, due to successfully lowering inflation, and apparently coming, subsequent pivot to reducing interest rates, is good news for commodities.

New data from the Bureau of Economic Analysis shows that inflation has slowed significantly over the last year. Prices are now growing at a rate consistent with the Federal Reserve’s inflation target.

The problem with Libertarianism is it leans on the old Marxist adage, “You have to break a few eggs to make an omelet.” Except in this case the idea is, “A few people need to die of food poisoning before we know which diners are good.”

Vince Lanci of GoldFix on Substack and Echo Bay Futures joins us to recap recent developments in the Gold market.

On the heels of Gold having consecutively made four lower weekly lows, ‘twould appear there’s more languishing to go.  ‘Course our being Pro-Gold, we hope we’re wrong as so.

Since December 13th, to the close of this week, the Dow Jones has seen its twelfth BEV Zero (0.00% / new all-time high) of its current advance seen below (Red Circle), with three of those BEV Zeros made just this week.  This is a hot market.

As superficially upbeat economic data propels the stock market to new highs, precious metals investors are questioning the story being told by Wall Street cheerleaders and government bureaucrats.

Our proprietary cycle indicator is DOWN. Current data suggests a pullback, but should see overall higher prices. Our ratio is on sell signal.