Gold Editorials & Commentary

A recent World Gold Council (WGC) study has concluded that the market selloff on February 5th made the case for gold as both a diversifier and an asset that protects portfolios during market downturns.

Think back to the halcyon days of the dot com boom. This was a time after Greenspan declared “irrational exuberance”. Long Term Capital Management collapsed in 1998, and Greenspan decided to risk propelling exuberance to a level beyond irrational. Super-duper-...

SPX could end Friday’s strong rally on Monday and start a minor correction. Cycles are, essentially, negatively biased until the middle of May, so the current structure is a little uncertain -- but will define itself over the next few days and weeks.

Following the news continues to be useless. The bears have a downside set up in place. What the bulls need to do to make the bears fumble the ball. Do you think we will ever see a week of market moves associated with news events for which you will not shake your...

The U.S. exported a stunning amount of gold since the turn of the century.  As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs.  In 2012 alone, the United States exported nearly 700 metric tons of gold.  The...

Looking at the market at the close of this week, apparently the “policy makers” have once again gotten a handle on the financial markets. In the Dow Jones BEV chart below it did correct 10%; but only for one day, February 8th, with the Dow Jones coming back since....

Gold's change for the week just past? A zip-zero-nada bona fide nuthin' burger. Well, ok, it did sport a net gain for the week of 30¢ having settled the prior Friday at 1323.7 and now yesterday at 1324.0. En route, price made both a "higher-low", but also a "lower-...

The total value of cash payments in Sweden is just 2% of GDP. Two-thirds of people rarely use cash and even homeless Big Issue sellers are accepting cards. These are the statistics of Sweden’s cashless society. A country, which is often touted as the most cashless...

Gold sector cycle is down. Our proprietary cycle indicator continues down. GLD is on short-term sell signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal.

Here are today's videos and charts.

The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that’s the best time to buy low, when few others care. The gold stocks continue to form...

In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn’t lead me to drop off, disrupting my sleep cycles. Let’s then dig into the topic. We...

Imagine contributing to a pension throughout your working life only to be told that you won’t receive it when you expect to. When you receive this information it comes with just a few years’ notice. There is little time to make alternative pension arrangements. You...

You thought I was done with the Amigos shtick, did you? Not by a long shot ma’am. They are the happy-go-lucky riders in play as the stock bull market churns on. They are the rising SPX/Gold ratio and stocks in general vs. gold (Amigo #1), rising US 10yr & 30yr...

In August 2014, the long-standing and tainted London Silver Fixing daily auction was replaced by a newly launched London Bullion Market Association (LBMA) Silver Price daily auction. Similarly, in March 2015, the infamous London Gold Fixing daily auctions were...

Dave, the plumber who saves us every six or so months when a leaking pipe, water heater, or toilet threatens to destroy our walls and ceilings, was here the other day. As usual he fixed the problem right away and charged us less than expected. We love this guy.

The financial media is awash with claims that Gary Cohn’s resignation as Chief Economic Advisor is triggering a market collapse. While it’s true that a market collapse is starting again, it has nothing to do with Gary Cohn.

Following a 44-14 vote in the Wyoming House last week, the Wyoming State Senate today overwhelmingly approved a bill which helps restore constitutional, sound money in Wyoming.

Municipal bonds might not be the first thing that comes to mind when you think of a sexy investment. They don’t typically command news headlines like the stock market or bitcoin. That doesn’t mean investors should disregard short-term munis. In fact, munis play a...

We’ve been warning about the future moves in the metals markets for a week to our members and readers.  Our most recent work showed the metals needed to decline a bit before any new advancement leg could properly setup.  Just recently, we profited from the Gold and...

“Passivity is fatal to us. Our goal is to make the enemy passive. … Communism is not love. Communism is a hammer which we use to crush the enemy.” Mao Tse-tung, proclaiming the founding of the People’s Republic of China, 1949

You wouldn’t believe it by looking in the financial news but the price of gold has had a stellar run over the last few years. Since the beginning of the year it is up nearly 10%, contributing to the near 30% rise since early 2016. Most recently it has been thanks to...

Gold is showing solid rallies from my $1310 area buy zone (basis April futures). From both a love trade and fear trade perspective, the fundamental picture is becoming more positive.

Major blow to the EU! The populist Five Star Movement won about one-third of thevotes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold?

RaboDirect, the online savings bank, is set to close the deposit accounts of all 90,000 customers by May 16. Rabodirect’s 90,000 depositors have more than €3 billion on deposit with the bank.

If you are looking for direction on gold prices, it’s important you look at the U.S. dollar. If the dollar declines continue, gold prices could rally significantly. Gold bugs, be happy; the U.S. dollar is declining. Mind you, don’t pay attention to the daily...

Let’s continue on our topic of capital consumption. It’s an important area of study, as our system of central bank socialism imposes many incentives to consume and destroy capital. As capital is the leverage that increases the productivity of human effort, it is...

The best performing metal this week was silver, nearly flat with a drift lower by just 0.06 percent. Sharp’s Pixley notes gold demand is on the rise while supply has begun to fall, signaling a potential increase in the gold price. Many see gold as appealing in the...

Each week, I believe the silliness being espoused as to what moves the market reaches a climax. Yet, the following week somehow always proves me wrong. Two weeks ago, I noted how the pundits claimed the market dropped because of rising rates, but when the market...

Two trading months plus two days of 2018 already GONE! Yet across the US and 'round into Europe it hardly feels like Spring is about to do so a wit: "snowing here" says a text from the small Mediterranean fishing village of Monaco: put that in yer palm trees.