Gold Editorials & Commentary

SPX continued losses. CPI slowed down. IMF cut its projection of global growth. What does it all imply for the gold market?

Poland raised its gold holdings to the highest in at least 35 years, data from the International Monetary Fund showed on Monday. The country increased its holdings by 4.4 tonnes from August to about 117 tonnes in September, a record, according to data going back to...

I am certain of death. I am certain of taxes. And, I am certain of tax reform. (Sorry, that was an old tax attorney joke.) However, non-linear financial markets never lend themselves to certainty. Rather, the best we can do is look for clues that provide us with...

According to the 2018 edition of the Stock Trader’s Almanac, October has been a “great” time to buy. Once ranked last in terms of stock performance, the 10th month has delivered relatively average returns since 1950. What makes it so attractive is that it’s followed...

It is my privilege now to welcome in Dr. Stephen Leeb, Chief Investment Officer at Leeb Capital Management. Dr. Leeb has decades of experience in the financial markets and has even authored seven well regarded books, including best sellers The Coming Economic...

“You can’t eat gold.” The enemies of gold often unleash this little zinger, as if it dismisses the idea of owning gold and indeed the whole gold standard. It is a fact, you cannot eat gold. However, it dismisses nothing.

“We have interest rates going up at a clip that’s much faster than certainly a lot of people, including myself, would have anticipated. I think the Fed is out of control.” Central banks are independent, in theory. But that won’t stop the president of the US from...

I think we have all seen many episodes of fake news in the media when it comes to politics. However, what is even more pervasive is fake news in financial analysis. And, I was urged to write this quick public note to set the record straight.

Sentiment is a funny bedfellow. When the metals market was at the lows back in August, everyone and their mother were again certain that we were going to break below $1,000 in gold. Yet, that exact sentiment is what kept us from doing so, no different than what we...

Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket ...

When I warned to be cautious about the September/October seasonal weakness, I had no idea that it would turn into a 229-point debacle for the SPX.  Although it was 110-points short of the January plunge, the timing of this selling spell is a greater cause for...

There's something wonderful about waxing eloquent (or otherwise) upon Gold whilst writing from Zürich. Here in the largest of Swiss cities, vibrant as 'tis, one is reminded of common sense, logic and coordination, and revels in witnessing the requisite precision...

With the recent plunge in the S&P500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun? It’s hard to say for certain. But the systemic cracks we've been closely monitoring definitely got an awful lot wider this week.

The gold and silver futures markets got even more unbalanced last week, with speculators (who are usually wrong at the extremes) going as short as they’ve ever been and commercials going even more long.

Do you want to see something really ugly?  Look no farther than the daily bar chart for the Dow Jones below. Yep, Mr Bear was a bad bear this week!  Jeeze Louise, the Dow Jones saw two new all-time highs last week yet closed this week down 5.55% from them. 

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

Gold has finally caught a bid this week and is up to its highest level since July 31. The fact that the U.S. and China appear to have agreed on a meeting between Trump and Xi on trade issues at the next G20, coupled with the U.S. treasury’s decision not to label...

Here are today's videos and charts.

The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point.  There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners’ stocks.  They are the last cheap sector in these bubble-valued...

We know, it’s just a symbol. But it’s a powerful symbol of the most severe recession since the Great Depression. Yup, it’s another article about the Lehman Brothers’ collapse. But we really invite you to read it, as we thoroughly analyze the impact on that...

It seems the pundits have lost their way. The reasons for the market moves have now confounded most market participants and pundits to such an extent, and they are stretching so far to provide a reason for a market move, that we have moved from the ridiculous to the...

To the surprise of many investors, the precious metals have rallied while the broader markets continue to sell-off.  Currently, both gold and silver are solidly in the green while the major indexes were all the red following a huge sell-off yesterday.  The Dow Jones...

Here is my Chart of the Day Friday summary covering markets, technicals, sectors and stocks I am interested in. You can find these on Linkedin too, so please connect with me there for daily content updates. You can click on each chart title below for more...

A unique setup has occurred in the UUP (Invesco DB US Dollar Index) that resembles an Engulfing Bearish type of pattern (even though it is not technically an Engulfing Bearish pattern). Technically, an Engulfing Bearish pattern should consist of a green candle...

We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the early-1980s. There are enough similarities with the post-Bretton Woods era of the 1970s to give us some guidance as to how markets are likely...

Rising interest rates are good for metals. Rising interest rates are bad for metals. We have heard the arguments from both sides. In fact, I think it is no different when people claim inflation is good for gold relative to those who believe deflation is good for...

Yesterday, U.S stocks experienced their worst performance since February. The Dow Jones closed down 831 points, or 3.6 percent. It was its second worst day of the year, as one can see in the chart below.

I have been hearing for years how gold is manipulated to go down, and is expected to rise when allowed to trade freely. So, according to these manipulation theorists, gold is really only supposed to move in one direction and would never see any corrections.

Gold price has gained 1.2% today on safe-haven demand as sharp declines on Wall Street spread throughout Asia and Europe. Stocks in Europe have slumped to a more than 18-month low after sharp losses on Wall Street, centered on tech stocks and the Nasdaq.

There are times in life when being alarmed is actually a healthy defense mechanism that gives you an advantage over the many for whom "ignorance is bliss." This is one of those times.