Gold Editorials & Commentary

Germany’s central bank serves as an example to central banks when it comes to respecting gold reserves and the public’s knowledge of them. The Bundesbank has worked incredibly hard in recent years to be transparent in regard to its gold bullion reserves.

Nothing has occurred during the past week to alter my view that a top is in the making with a subsequent initial decline into mid-January or later.

Does anybody have any idea really as to what gold will do?  There have been recent predictions that President Trump is planning a near term reset of the dollar by backing it with gold. He would do this by raising the price of gold to cover all the printed dollars in...

It seems to me that the gold price is consolidating within a bull trend…and may be close to a bottom. Gold seems to offer an attractive "investment" opportunity if one takes a 5-10 year view. Thereafter, who knows?

Unless something big happens, this is my last article for 2017. I plan to submit my next for the weekend of January 13-14. I don’t expect my readers will be missing much during my break. Until the financial markets begin upchucking the “liquidity” being forced fed...

We have been expecting a seasonal rally in gold, silver and the miners off of a bottom due in either December or January, as is typical of the sector. I’ve marked up Sentimentrader‘s seasonal gold pattern to show the secondary low made (on average over 30 years) in...

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down as the multi month consolidation continues. COT data is now supportive for a bottom in the metals. We are holding gold related ETFs for long-term gain.

Here are today's videos and charts.

Gold has been battered lower in recent months as gold-futures speculators fled in dread of the Fed-rate-hike boogeyman. As universally expected, the Fed’s 5th rate hike of this cycle indeed came to pass this week. When gold didn’t collapse as irrationally feared,...

Gold’s had a tough year. This isn’t in reference to price. After all, it has made double-digit gains in some currencies and US Gold futures are up more than 9%. The precious metal has had some harsh criticism from the mainstream media and unfair comparisons to ...

The green arrows are 10 years long. Peaks indicated are in 1987, 2007 and potentially 2017. The pause in 1997 was not a top because the market rally extended into early 2000. The current peak in 2017 could also extend, but valuation and timing indicators show high...

With today’s thrust, February Gold has extended its rally from 1238.30, a bottom recorded on Monday that could prove to be important. It occurred less than a dollar from a target we’d used that had been three months in coming.

As you know, for Gold and the PM complex, I have been expecting a 5-6 month Intermediate Cycle Low (ICL) in the December timeframe and the Fed’s FMOC meeting seems to provide the catalyst on a number of occasions.

There were few surprises yesterday when the Federal Reserve decided to hike rates for the third time this year, by 0.25% to 1.5%. Gold responded with a climb of over 1%. The statement accompanying the announcement was cautiously optimistic. Two FOMC members...

The New York Fed created a new inflation gauge. What does it mean for the gold market? The standard inflation measures are the CPI and the PCEPI. They are useful indicators of changes in consumer prices. However, they omit producer prices, commodity prices, or asset...

The Fed concludes its final FOMC meeting of the year today. The entire financial world expects the Fed to raise rates a final time. This will mark the fifth rate hike since December 2015, and the fourth of the last 12 months.

Since our last update, both gold and gold stocks have weakened significantly with physical Gold breaking below our key $1260 support zone, with the HUI breaking below184.50 and GDX breaking below $22.40. As can be seen in the chart below (courtesy of Daily FX.com)...

Whilst December finds Santa scurrying 'round the world with his toys sack, this month in recent years has found Gold at best a sad sack. Save for a bare monthly gain in 2014, the past seven years for Gold have decidedly sported December downers. Here are the daily...

It was just two years ago that Mark Carney was writing his fourth letter to the British Chancellor, explaining why the country was in a deflationary slump. Even then households were feeling the pinch, despite what officials reported.

I’ve predicted that a long period of deflation in the Western world would end with a Fed taper, rate hikes and quantitative tightening. That’s clearly in play now, and the deregulation of America’s thousands of small banks is perhaps the most exciting event taking...

It was two years ago this week that I proclaimed that we were witnessing the final lows in the 2011–2015 bear market in the precious metals as gold traded down to $1,045 amidst total capitulation by the Large Specs and after massive short-covering by the Commercial...

Have you found the gold price in the last few months to be particularly boring? Well, fear not as it looks like it might all be about to take a turn upwards. Last Friday's Commitment of Traders (COT) report signaled we are close to bottoming and suggest that both...

It is my privilege now to welcome in Michael Pento, President and founder of Pento Portfolio Strategies and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager...

The best performing precious metal for the week was palladium, but it clocked in with a price decline of 1.41 percent. In an interview with Sharps Pixley’s Lawrie Williams, precious metals specialist Ted Butler said his analysis shows that, for at least the past...

In the aftermath of the Great Financial Crisis, Central Banks began cornering the sovereign bond market via Zero or even Negative interest rates and Quantitative Easing (QE) programs. The goal here was to reflate the financial system by pushing the “risk free rate”...

It took a lot longer than it should have, but gold futures traders have finally started behaving “normally.” The speculators who were extremely, stubbornly long – and who are usually wrong when they’re this excited — had maintained their over-optimistic bets when...

This next set of ratio charts I consider to be the most important ratio charts if you are deciding whether to be an investor in the INDU or in Gold. When the price is rising The INDU ( Dow Jones Industrial Average ) (a proxy for General Stock Markets) is rising...

The price action of the past week has added to the perception that SPX is in the process of creating an intermediate top.

Is this a major break in the long term trend for gold and silver? A break that can be expected to set in place a bearish trend for a good part of 2018? After perhaps the most relentless, intense pressure of the past 6 years since the high in 2011, prices of gold and...

Once again, the Dow Jones closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s presidential election. That’s 30% of the Dow Jones’ daily closings of the past year have...