Gold Editorials & Commentary

The price of gold moved considerably lower in the past several weeks, despite the pause that we saw in the final part of the previous week. The yellow metal moved below $1,300 and confirmed this move by several daily closes below it.

Practically nobody enters the foreign exchange markets looking to buy and hold. Currency trading is generally a short-term game, and there isn’t much regard for analysis of the longer-term fundamentals.

An inverted yield curve occurs when the yield on shorter-dated securities is above that on longer-term bonds; and it has predicted all nine U.S. recessions since 1955, according to Bloomberg. Of course, now that the yield curve is the flattest since 2007—with the 2-...

Money has a dual function. Please allow us to go deeper, and more philosophical than we typically do. We promise to tie this into our ongoing discussion of capital consumption. In the following, we will discuss some examples that use the dollar.

I have long lamented the incessantly click-bait “gold ready to explode higher any day” and “silver ready to explode higher any day” headlines that torment the precious metals community frequently throughout most years. 

Current Position of the Market SPX: Long-term trend – The bull market is continuing with a top expected in the low 3000s. Intermediate trend – The intermediate correction from 2873 is likely to continue until about early June.

Well there 'tis, clear as day, for it must be the month of May: as glaringly depicted above in "Gold by the Week", price has now not only printed a new low for the year, but has also returned sub-1300 into Neverland, (aka "The Whiny 1290s"), settling the week...

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is up. COT data is supportive for overall higher metal prices. Conditions are now favorable for overall higher prices in coming weeks and months. We are holding gold related ETFs for...

For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1,362 to its May 16 close of $1,291.50. Meanwhile, the US dollar index has risen 5....

Here are today's videos and charts.

The major gold miners’ stocks are still largely grinding sideways, mired in a bearish sentiment wasteland. Traders tend to assume low stock prices must be righteous, reflecting weak fundamentals rather than poor psychology. But once a quarter earnings seasons’...

There seems to be a lot of misinformation being peddled on the internet about gold and bitcoin.  One major misconception is the notion that bitcoin will replace gold as a monetary instrument.  Some analysts, once stanch precious metals advocates now turned crypto...

Is ‘Welsh gold’ more valuable than gold mined from anywhere else? Some believe it is. Others believe this is just hype ahead of the big day for Harry and Meghan.

As the title notes, we are finally getting that 5th wave down in the GLD after weeks of meandering. Moreover, not only are we getting that 5th wave down, the 3rd wave within this 5th wave down extended beyond the 3.618 extension of waves i and ii down.  And, such a...

Platinum Week in London has heard that prices are forecast to stabilize in 2018 as the metal gains from its correlation with gold but demand continues to suffer from the diesel scandal and a poor outlook relative to sister-metal palladium.

It is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed shadow chancellor in 1965. It is no longer used in its original context. From Hansard (the official record of parliamentary...

Many of you may remember the great debate between then Congressman, Dr. Ron Paul and then Federal Reserve Chairman, Ben Bernanke, when Dr. Paul asked Mr. Bernanke if gold was money. The look on Bernanke’s face is absolutely priceless.

In recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in...

For more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven’t seen since November 2014. Gas prices are likewise trending up, as I’m sure you’ve noticed. According to the American Automobile Association...

On May 1st, we knew that the precious metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals, and True Seasonality for May. The rally is over, the profits cashed in… And growing once again thanks to the new short position....

Not sure how much more “radically undervalued” gold could be than it is today. The bullion banks and “market makers” are doing their level best to ensure the undervaluation remains in place – and possibly moving lower.

As a recovering Gold bug I have great sympathy for what die-hard bitcoin fans are about to experience. Years and years of grinding lower with the occasional wicked spikes up that bear markets are known for.

 “There’s a lady who’s sure…All that glitters is gold…And she’s buying a stairway to heaven.” Led Zeppelin released the iconic song “Stairway to Heaven” in 1971, shortly after President Nixon released the dollar from gold backing. The dollar plummeted in purchasing...

As we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average.

Most analysts in both the gold and mainstream investment communities seem to be in “summer doldrums” mode. They are nervous about stock markets because of rate hikes and the late stage of the business cycle. That’s understandable.

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases.  While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons...

In line with expectations, after an upward move in March to a range of 1.5-1.75 percent, the U.S. central bank unanimously left the federal funds rate unchanged at its recent meeting in May:

Friday was the day when silver and mining stocks were likely to reverse based on their triangle-apex-based turning points and today is the day of gold’s apex-based reversal. Therefore, it seems likely that gold, silver and mining stocks are forming the final top for...

It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis...

Since 1981, interest rates have been in a falling trend. Last week, we said this trend will continue, and the present blip up in rates is just a correction. We did not argue technical analysis, nor quantity of dollars, nor the general price level.