Gold Editorials & Commentary

U.S. Bonds have completed a large Bearish Head & Shoulders Top pattern. The downside price target is 115ish, suggesting a ton of selling is about to hit the U.S. Bond market. Long-term interest rates could rise.

In recent newsletters I have pointed to negative divergence building up in the various market indices at the daily time frame.  This is always suggestive of an approaching correction and one should be on guard for it.  On Friday, traders took advantage of some good...

Gold has been dropping like a stone over the last several months, and getting no relief as the summer doldrums for precious metals meander along. Historically gold’s worst month is March, with January and September the next best months to look for a rally. September...

A week ago from the high mountains of Squaw Valley we nixed our forecast for gold to reach 1434 this year. 'Tis clearly evident not just by all the substantive overhead resistors -- notably The Box (1240-1280), The Whiny 1290s, and The 1360s Double-Top -- but as...

The Dow Jones Index has finally broken above its BEV -5% line in the Bear’s Eye View chart below, closing the week only 4.38% from making a new BEV Zero, (new all-time high).  The bulls deserve a big Bravo Zulu for forcing me to change the question I ask every week...

After recently teasing another bottom, gold continues to be heavily weighed down by, as it were, two lead weights: the U.S. dollar and the Treasury bond yield. In today’s commentary, we’ll examine these prominent obstacles standing in the path of a gold relief rally...

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is up. COT data is now at levels of previous bottoms. From a contrarian point of view, the current extreme bearish sentiment is an excellent buying opportunity for long-term investors. ...

Back in mid-May, I wrote my first article for Sprott Money, entitled “Gold Preparing to Launch”, where I stated the following: “In summary, based on positioning, sentiment, technicals, inter-market analysis, Elliott Wave Theory and similar readings prior to previous...

Not much has changed since the last 3 Amigos macro update. Amigo #2 (long-term yields) has long-since reached the Continuum’s ™ limiter (the 100 month exponential moving average on the 30 year Treasury yield) and Amigos #1 (SPX/Gold) and #3 (the 10-2 yield curve)...

Some emerging markets, Argentina and Turkey in particular, deal with the economic crises, while their currencies are continuing their collapse. The Fed Chair, Jerome Powell, has recently said that “the role of U.S. monetary policy is often exaggerated”. On the other...

Gold continues to drift near summer-doldrums lows, feeding and intensifying bearish sentiment. But an exceedingly-bullish event just happened which will ignite a major new upleg. Speculators’ gold-futures short positions have soared near all-time record highs! That...

The case for China raising its gold holdings seems compelling. A potential trade war with the U.S. that threatens growth, simmering tensions on the Korean peninsula and this year’s slump in gold prices are reasons to buy. But People’s Bank of China data show the...

On July 18th, a South Korean company claimed to have found the wreck of a Russian warship holding $130 billion in gold. Shinil Marine said it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser sunk in 1905 after fighting Japanese warships off...

Although precious metals have not rebounded too strongly yet, the long awaited summer rally could be underway (at least in Gold). Gold is oversold and its sentiment is overly bearish. But it is holding important support in the low $1200s.

Silver And gold Are Partial Solutions Since Politicians Will Be No Help. I am a “Snowflake” and proud. You may sneer at us but I doubt you understand our perspective. I’ll educate you with the Snowflake Manifesto. First, as an American citizen, I have certain...

In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed or even a foreign central bank. In the very short term, a...

What comes to your mind when you hear about Auburn, Alabama? I guess nothing. But this is a mistake. There is a real treasure hidden there. Am I talking about gold?

While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline rate ever.  This is bad news for the U.S. shale industry as it must produce more and more oil each...

In their outlook for the second half of 2018, the World Gold Council have identified three key macro trends that will influence gold’s behaviour and should be positive:

At first sight, yesterday’s session was quite boring – gold ended the session practically unchanged while silver and mining stocks were only a little higher. The USD Index was practically unchanged. But just because nothing happened in the market in terms of the...

Two weeks ago, we demonstrated that the yuan-dollar exchange rate is now the primary driver of global gold prices. Today, we attempt to decipher some of the important implications of this phenomenon.

“When these metal prices are suppressed, it actually badly impacts some of the key industries in South Africa. It impacts people’s jobs and pensions and the livelihoods of individuals and families. It is an important consideration that people do not frequently think...

While gold and silver prices are collapsing since mid of June the Midas Touch Gold Model™ has been in neutral mode for the last two months already. This was a very important call to move to the sideline and watch what would enfold in the precious metals sector. In ...

Commodities, including gold and silver, have plunged to become so deeply oversold that a snapback rally looks likely soon. This could be sharp and could trigger a wave of short covering. Such a rally is likely to be sparked by a dollar reaction, as we will see, but...

In 2013 and 2014 I predicted the Fed would lead the ECB and the BOJ in a slow but steady reversal of central bank policy, from QE/low rates to QT and relentless rate hikes. Even more shockingly, I predicted this would create a money velocity bull cycle in most...

As governments around the world debase their currencies, you need an asset that can ride out the hard times. And nothing fits the bill like gold writes John Stepek of Money Week

Anticipate before you participate in the market. This is a classic piece of advice I like to give investors and have written about extensively in my CEO blog, Frank Talk. Financial markets are influenced by relatively predictable cycles and trading patterns, and by...

In Federal Reserve chair Jerome Powell’s testimony before Congress last week, he reiterated his intent to continue the central bank’s gradual rate-hiking campaign.

It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to...

Benjamin Franklin was purported to have said “that which hurts, also instructs.”  Yet, society, as a whole, has a very short memory.  Thus, lessons learned through the pain of generations gone by often are quickly forgotten.