Gold Editorials & Commentary

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...

Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors. GLD is on short-term sell signal. GDX is on short-term sell signal.

Here are today's videos and charts.

There’s nothing like a bargain during the holidays. And here’s an unexpected one even I was surprised to see… It’s not easy to dig up industry-wide data on coin and bar premiums. To do it manually is incredibly time-consuming and then would be out of date as soon as...

I realize this theme could be wearing on some people, but with all the subtlety of a sledgehammer I am going to pound it until it either aborts or completes. It is, in my opinion, too important not to.

Last Saturday was the 75th anniversary of the Chicago Pile experiment. The experiment that proved for the first time that an atomic bomb could exist. The experiment was a key step in the Manhattan Project that went onto develop the infamous bomb in World War II.

We live in a time when currencies and financial markets have become political enterprises – creations of the world’s governments and central banks. Since we have never seen times like these, when so much depends on the monetary largesse of the policy-makers, no one...

There is a general belief, and that is all it is, that state finances fare better in an inflationary environment than a deflationary one. This perception arises from the transfer of wealth from lenders to the state through a devaluation of the currency, which occurs...