Gold Editorials & Commentary

Russia and it’s central bank added another 600,000 troy ounces or 18.7 tonnes of gold to its reserves in March according to the latest figures released in a press release by the Russian central bank on Good Friday.

The downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically. The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets.

Another Tax Day has come and gone. This was the first year that Americans paid taxes under President Donald Trump’s tax cuts. And yet many filers—especially those living in high income tax states such as New York, California and New Jersey—saw their payments rise...

We know many of you follow our research posts and have been waiting for the Gold/Silver setup we predicted would happen near April 21~24, 2019 back in January 2019.  Well, it looks like our predictions were accurate and the current downward price rotation in Gold/...

Silver has been a dull market for the past couple of months, yet as we will see the pattern that has evolved in recent weeks is anything but bearish. On the 1-year chart we can really see what is going on.

Returning to San Francisco is always tough enough, but try this for a bring-down: well into our 10th year of faithfully penning The Gold Update without a single Saturday miss, en route (for those of you scoring at home) toward edition No. 500, yours truly walked...

As anticipated, the SPX is pausing after its last advance of 110 points from 2785.  The past five days traded in a 27-point range which looked ready to start a decline on Thursday, but the index managed to bounce into the close and prevent further damage.

Ah, talk about drama!  The Dow Jones this week closed only 1.00% away from its last all-time high of last October 3rd.  From here it should be easy for the Dow Jones to make a new BEV Zero in the Bear’s Eye View chart below.  But I don’t get a sense of urgency on...

Here are today's videos and charts:

Frank Holmes, CEO and chief investment officer of U.S. Global Investors, speaks to Streetwise Reports about the fundamentals for gold, his company's funds and a handful of companies on his radar screen.

The great euphoria emanating from these near-record-high stock markets is breathtaking.  Traders are again convinced stocks do nothing but rally indefinitely.  That everything-is-awesome mindset has stunted gold’s latest upleg, since there’s no perceived need for...

Before the promotional corners of the gold community start with the conspiracies, excuse making and general placing of blame everywhere but where it belongs, let’s simply note that this correction was indicated (by sentiment) as far back as February 22nd.

Gold completed a lengthy 3-3-5 Flat pattern, a corrective move from 2016, within a large degree rising trend. This Flat is wave 2-down shown in the chart below. Starting last summer, Gold began what will be a huge rally leg, wave 3-up. It completed the first subwave...

On Tuesday of this week I posted this combo chart showing the possible small blue flag forming on the UUP (US Dollar). This morning the price action gapped above the top rail and is now approaching the top rail of the rising wedge formation.

Our proprietary cycle indicator is down. Gold sector is on a new major buy signal. GLD is on short-term sell signal. GDX is on short-term sell signal. 

Gold is the world’s most polarising asset. People either love it or hate it. You’ll be denigrated a gold bug for owning it, or an ignorant moron for not.

The Monday’s fire of Notre Dame Cathedral shocked the world. Since then, the French, the Catholics, and the architecture and art lovers hadn’t been talking about anything else. The precious metals community was less disturbed – even though it turns out that gold...

The US stock markets took a nosedive early in the regular trading session after the QQQ briefly advanced to new All-Time Highs this morning.  With the QQQ and other symbols nearing fresh new highs, traders should expect volatility to increase as trading systems and...

Six years ago this week, COMEX gold and silver prices were deliberately smashed in order to take out critical support levels that had held since 2011. Ergo, the parallels to present day circumstances are obvious and must be fully considered.

Last April, while discussing the boomerang question about the trigger that is needed for gold to decline, we emphasized that gold can decline on… absolutely nothing. It’s imperative to keep watching the signs and determine when the market is really ready to move.

The recent collapse in world trade volume is the worst since the financial crisis and as dangerous as during the dot-com bubble of the early 2000s, according to The Telegraph.

A very interesting price pattern is setting up in the financial sector that could lead to a very big move in the US & Global markets.  Remember how in 2008-09, the financial sector and Insurance sector were some of the biggest hit stock sectors to prompt a...

Precious metals expert Michael Ballanger, along with discussing Winston Churchill's brilliance with the English language, covers recent moves in the market and a uranium company that he believes is well situated.

Global stock and bond markets continue to be driven by the macros of a possible trade deal, accommodative central banks, weaker earnings, continued stock buybacks, and rising government debt.

The big picture fundamentals for precious metals have been trending more bullish in recent months as expectations for the Federal Reserve went from a few rate hikes in 2019 to an expectation of a rate cut within the next 12 months. That is aligned with the peak in...

The Spring Meeting of the World Bank and the IMF, during which the latter organization released its fresh World Economic Outlook, has just ended. What are the takeaways for the gold market?

The best performing metal this week was palladium, up 0.24 percent as hedge funds cut bullish positioning to a six-month low, perhaps resetting expectations. Gold traders turned heavily bullish this week after being neutral last week as the Federal Reserve signaled...

Despite Thursday’s “pullback”, “takedown”, or whatever analysts want to call it, the Captain’s view is that wave !iv! is complete at the 1279.50 low and that our wave !v! rally higher is now underway. As you can see on our “Daily Gold Chart”, we need to strongly...

The questions first-time precious metals buyers ask most often are "what should I buy?" and "how do I get started?" We have covered these questions many times over the years, but they are worth reconsidering from time to time.

Last week the world got its first look ever at a black hole, one of those cosmic bodies so supermassive and powerful that not even light can escape its pull. These things literally destroy all matter that comes within their reach, making them the trash compactors of...