Gold Editorials & Commentary

For many years, now, perhaps the main theme in my writing has been the inequity visited on working US households by the newfangled CPI introduced during the first Clinton administration. This change meant wage and salary increases would lag the real increases in the...

The best performing metal this week was silver, down 0.68 percent. According to the National Association of Realtors, sales of previously owned U.S. homes fell in May for a second month due to a lack of inventory and higher asking prices. Data shows that the median...

Last week, we discussed Social Security, a Ponzi scheme that is inevitably approaching its default. That leads us to another point in our broader discussion of capital destruction. Let’s illustrate with an example.

Gold’s failure to take off like a rocket when conditions become this favorable has been a puzzle for its fans. One explanation that has gained a lot of, ahem, currency is that it’s been replaced of late as the world’s safe haven asset by cryptocurrencies, bitcoin in...

As a former spot currency trader for a major international bank, I have had first-hand experience of central banks directly intervening in currency markets in massive size, repeatedly.

This weekend I would like to review the main features characterizing the markets which I have chronicled over the past 6 months.  Often times “less is more” so I will keep my remarks condensed and focus on the overall stock market and the precious metals.

For those that follow me regularly, you will know that I have been tracking a set-up for the SPDR Gold Trust ETF (NYSEARCA:GLD), which I analyze as a proxy for the gold market. I also believe that gold can outperform the general equity market once we confirm a long-...

Next week, the bulls will have their best opportunity yet since the consolidation began to turn the trend in their favor. Last Tuesday, SPX had a sharp decline of about 30 points, immediately bounced off a good support level in the low 2740’s, closed in the upper...

A week ago Friday, the metals got clocked hard. It was a drive-by “paper gold” shooting on the Comex, which took place after most of the rest of the world had gone home for the weekend. On Monday, the Hulbert Gold Stock Newsletter Index fell to zero.

The Dow Jones Index is having a problem with its BEV -5% line, (25,285) in the chart below. It easily broke above it on February 26th (Red Circle), closing the day at -3.41%. However, that advance was short lived. Then again in early March it broke above the -5%...

From the "Just Mail It In Dept." the following thought (not for the first time) did cross our mind: take the piece penned this past 11 November, change its date to today and post it. After all, 'twas aptly titled "Again We Find Gold Again Boxed-In Again". For with...

Gold sector is on major buy signal since early 2016. Speculation is in bull market values. Open interests is now at levels of previous bottoms.

It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps the most well-known trends forecaster in the world, and it's always great to have him on with us. Gerald, thanks for taking the time again today,...

Here are today's videos and charts.

On Wall Street, it's best not to think too hard or to look too closely into the mouths of gift horses. Since making predictions based on actual economic understanding is rare, analysts typically look to provide explanations after the fact. Within the financial...

The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain...

As I watch the financial game shows it seems obvious that they are trying to explain the market's recent struggles with the "Trade Wars" narrative. While this may have some bearing on what is going on does it seem strange to anyone else that the markets here in the...

Yields are rising. The global economy has adapted so far without any major problems. So far. But how long can this last? And what does it ultimately mean for the gold market?

We cannot borrow our way out of debt. We cannot spend our way into prosperity. We cannot tax ourselves into wealth. We trust sane individuals also understand the following. We can’t fix an excessive debt problem with more debt. (Central bankers disagree…) 

It has been a while since we’ve had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I felt my ‘image-based metaphorical content to straight content’ ratio was getting a little excessive. So I gave it...

The point is, I use a rigorous scientific method to analyze and predict markets. I don’t guess or take positions just to get attention. I constantly apply new data to test my original hypothesis. If the data confirms my hypothesis, I stick with it. If the data...

Gold and silver markets entered this summer with sentiment toward the metals in something of a deep freeze. For several months, precious metals prices have gone essentially nowhere. No sustained rallies to attract momentum traders; no washout plunges to attract...

Today's missive is going to be brief as there are no need for words when you have the chart below indicating every major low in gold was accompanied by an RSI reading below 30. GLD (the physical gold ETF) is sporting a 27.46 RSI this morning and while we have seen...

Thirty-year mortgage rates might have ticked up in the past 12 months, but for now that doesn’t seem to be weighing on new home demand. According to the Commerce Department, housing starts climbed to an 11-year high of 1.35 million units in May, a clear sign that...

The decline in gold, silver and mining stocks continued yesterday, further increasing profits on our short position. But, since gold is already in the $1,260s, and our target area is $1,250 - $1,260, one should prepare for a nearby reversal.

The trade wars have escalated again. Should investors worry about them? Or should they focus on the Fed’s hawkish policy? Let’s find out what is a greater threat (or opportunity) for the gold market.

Last week, we updated the incredible surging amount of total COMEX "Exchanges For Physical". Much has changed in the past few days, so with some additional data in hand we thought we should re-visit the topic this week.

Bloomberg, Reuters and other media are now reporting that Russia dumped Treasuries in a major way in April and today comes news that Russia bought another 600,000 ounces of to add to its already sizeable and growing gold reserves.

The usually suspect gold bugs and perma-bulls have been quite noisy over the last few weeks trying to convince bullion traders and stock speculators that the price of gold and ergo, the market capitalization of gold stocks are on the verge of a big break-out to the...

Everyone wants to buy at the absolute bottom in any market.  Yet, most actually buy at the highs, expecting much higher prices, and then sell at the lows, while expecting even lower prices.  The gold market is no different.