Gold Editorials & Commentary

This was a constructive week for the Dow Jones, up 1.49% in the BEV chart below.  That doesn’t sound like much; but remember low volatility in the stock market is when the Dow Jones does the thing the bulls like most – advance towards new all-time highs.

One problem for the gold stock sector was highlighted here and here evidently a little too obnoxiously for the liking of some bugs. The problem was the aggressive bullhorn sounds emanating from every orifice of the gold community the minute the charts broke upward...

Our proprietary cycle indicator is up. Gold sector is on a major sell signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal. 

It is my privilege now to welcome back Michael Pento, president and founder of Pento Portfolio Strategies. Michael is well known money manager and a terrific market commentator and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the...

Here are today's videos and charts:

The major gold miners are grinding higher in a solid upleg, fueling growing interest in this small contrarian sector.  They’ve mostly finished reporting their fourth-quarter results, revealing how they are really faring fundamentally.  Collectively the world’s...

Gold has turned vigorously lower yesterday. And not only gold at that. Red, red, everywhere in precious metals you looked. The silent scream we wrote about in the Wednesday’s Alert for our subscribers brought serious repercussions. Immediately and just in time to...

We are often directed to think that the market reacts in the same manner as Newtonian physics. We believe that a news event which accompanies a market move was certainly the “cause” of that market move. But, how often have we seen markets react in the exact opposite...

Last week I was pleased to attend the Prospectors & Developers Association of Canada (PDAC) conference in Toronto. PDAC is one of the largest mining conferences in the world. More than 25,000 people turned out this year, many of them selling equipment services,...

There was a sharp increase in internet shutdowns in 2018. And 2019 started in the same vein with increasing concerns that the tactic may become increasingly popular and used by embattled governments suppressing economic and political freedoms throughout the world....

The monetary, financial and political weaknesses of the EU are about to be exposed by the forthcoming global credit crisis. This article assumes the combination of end of credit cycle dynamics and the rise in trade protectionism in 1929 is a valid precedent for...

Gold is turning vigorously lower. And not only gold at that. Red, red, everywhere in precious metals you look. The silent scream we wrote about yesterday brought serious repercussions. In this article, we devote extraordinary attention to the short-term picture...

Stocks extended their uptrend on Wednesday, as investors' sentiment remained bullish following the recent advances. The S&P 500 index was the highest since the early October yesterday. But will the rally continue despite some short-term technical overbought...

In an article headlined Robots conquered stock markets/Now they’re coming for bonds and currencies, Bloomberg finance reporter Lananh Nguyen tells us: “In the most liquid equity markets, more than 90 percent of trades are executed electronically, according to...

– “Basel III rules (on April 1st) are basically making gold more attractive” as they have a “focus on financial soundness” and more “central banks and banks are going to be buying gold” – The financial expert and former U.S. Assistant Secretary of Housing has long...

James Kunstler summarized it perfectly. So rather than reinventing the wheel, here’s an excerpt from his Monday commentary:

The question is not ‘if’ but ‘when’. This is what more and more analysts think about the US recession. We invite you to read our today’s article about the NBER’s recession indicators and find out whether the economic slump is really coming soon – and what it all...

As I now provide analysis to over 5000 subscribers between my services on Elliottwavetrader, The Market Pinball Wizard, and FATrader, I am the beneficiary of much feedback from various segments of the financial markets. In fact, since we have over 500 money manager...

As the fiscal position of the United States continues to deteriorate at the same time that foreign countries are scaling back on their purchases of U.S. Treasuries, many investors are rightly worried about where they can hide from a potential decline in the value of...

A year ago, Republicans in control of Congress suspended the cap on federal borrowing. The limit was automatically re-imposed on March 1st. Politicians now have a few months to hammer out legislation to raise the cap as the Treasury employs “extraordinary measures”...

With little fanfare, gold is staging a nice consolidation in the $1280-$1350 price zone. A breakout from this $70 trading range would usher in a fresh target of $1400 and perhaps $1420. Note the superb position of the 14,7,7 series Stochastics oscillator at the...

It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market. To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not...

The World Gold Council has issued quite a few interesting papers recently. In this edition of the Gold News Monitor, we discuss the most provocative ones. Such as the money worthiness of gold compared to Bitcoin. Or the ongoing gold repatriation trend as Romania...

The best performing metal this week was silver, up 0.87 percent and rallying strong on Friday alongside gold. Gold traders were again split this week on their outlook for gold as U.S.-China trade talks remain in the headlines.

The gold suppression game appears finally to be coming to an end. A Perfect Storm is hitting the gold market, with an internal factor (QE), an external factor (SGE), and a systemic factor (Basel). All three forces are positive in releasing gold from the corrupt...

Last week, in Is Capital Creation Beating Capital Consumption, we asked an important question which is not asked nearly often enough. Perhaps that’s because few even acknowledge that capital is being consumed, and fewer tie it to the falling interest rate (perhaps ...

Gold has apparently turned the corner and we were not surprised by the upside move. However, there is more to this than meets the eye. Today, we’ll interpret this upswing, the expectations it carries and set it all in the larger context. Yes, it’s time to discuss...

Stocks extended their short-term downtrend on Friday before bouncing off and closing slightly lower. Investors continued to take profits off the table following the two-month-long advance. Is this a downward reversal or just a correction before another leg higher?...

In last weekend's article entitled, “SPX: New All-Time Highs or Bust?” we discussed an expected powerful resistance level in the S&P 500. Price strength from the December low was nearing an important 76.4% Fibonacci level in its recovery -- the level of 2803.50...

In our February 22nd, 2019 article “A Corrective Decline Approaching within Gold’s Long-term Rising Trend,” we noted that Gold was due for a correction soon. That decline started immediately, taking Gold down almost 60 points to a low of 1,280 on March 7th, 2019.