Gold Editorials & Commentary

Our proprietary cycle indicator is down. 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.

This was going to be part of an NFTRH update, but I decided to make it public, as we’ll have plenty of other information to work on this weekend in NFTRH 474 after such an eventful market week.

Here are today's videos and charts.

The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight...

Much of our financial world functions as a “Rob from the Middle Class” economy. The system robs from the middle class and poor via “money printing” and inflation of the currency supply! The rich get richer and the poor get poorer.

Just like many of his other campaign promises, Trump isn’t doing a great job of draining the swamp. His nominee for Fed Chair is Jerome Powell. Powell is a ‘swamp critter extraordinaire’ so declared by Bill Bonner last week. We’re inclined to agree. Name-calling is...

It’s hard to imagine the news getting much sunnier than it was for the earnings cycle just reported. What will Amazon, Apple, Google and the other FANG stocks do for an encore? More to the point, what will they do for the next three months?  At these very high...

Elliott Wave International recently put together a chart (click here or on the chart to watch the accompanying video) that illustrates a recurring theme of financial bubbles: When good times have gone on for a sufficiently long time, people forget that it can be any...

A military coup-de-grace in Zimbabwe and a bankrupt Venezuela. Both countries have extreme hyperinflation, citizens are starving and basic medical treatment is near impossible to find. These are the real world problems 47.5 million people are currently facing....

Gold and silver mining stocks have been underperforming bullion for several months. The oversold readings on October 26th/27th provided the opportunity for a change. However, while bullion managed to rally from a test of the September lows, the miners could not even...

The long heralded UK debt crisis is here and data released in the U.K. this week clearly shows this. This is seen in UK retail sales and consumer spending which plunged in October, employment falling, pay stagnant and inflation ticking higher as sterling remains...

It may be frustrating to watch the gold price remain dormant as stock markets continue to push higher. But while cryptos and President Trump grab a lot of the headlines, you might be surprised to know there are significant forces behind the scenes that signal the...

Without growth in Western gold ETF holdings, the “decent but not spectacular” demand from China and India is not strong enough to move the gold price higher.

Zero is an important number in the psychology driving demand for bullion. There are periods when investors find the argument that gold or silver prices “will never go to zero” compelling.

This is my favorite time within any Cycle.  Mostly because it’s one of three points within an Investor Cycle where the probability of getting it right is as favorable as it will ever be.  If played correctly, it’s also the type of setup where your portfolio can be...

The Bank for International Settlements today refused to answer questions from the Gold Anti-Trust Anti-Trust Action Committee about the bank's activity in the gold market.

It is the ‘opinion of the European Central Bank’ that the deposit protection scheme is no longer necessary: ‘covered deposits and claims under investor compensation schemes should be replaced by limited discretionary exemptions to be granted by the competent...

A new bond issue from Chicago is rated AAA. That’s great because it means the city’s finances are on the mend, right? Nope, just the opposite. Here’s the story: Bondholders fret as alchemy turns Chicago’s junk to gold

Over the past few weeks, we have looked at the effects of falling interest rates: falling discount applied to future cash flows (and hence rising stock and bond prices), and especially falling marginal productivity of debt (MPoD). Falling MPoD means that we get less...

They finally did it. Since 2008, Central Banks have been desperately trying to generate inflation. They know they cannot produce growth (hence why both the Fed and the ECB abandoned this as a goal in their statements back in 2013)… so they have chosen to “target”...

November traditionally marks the start of the best six months of the year for stock markets. At least, that is what the record shows. The Dow Jones Industrials (DJI) has since 1950 had an average gain of 0.6% from May to October vs. an average gain of 7.5% from...

UNESCO is warning that the number of internet shutdowns is increasing worldwide. According to Statista.com when reporting data provided by digital rights platform accessnow.org, “internet access has been curbed 116 times in 30 countries since January 2016.”

The current correction in SPX is likely to continue a little longer and deeper. It is also expected to be the last one before an intermediate top is struck.

When the next market crash occurs, global gold investment demand will likely overwhelm supply.  When this occurs, we could finally see the gold price surpass its previous high of $1,900.  Now, this isn’t mere speculation, as we already have seen this taking place in...

In wrapping up last week's missive we simply wrote: "As to what we see for Gold in the new week: not much." What did we get? Not much. Not that a net change for the week of 0% is nothing, given gold's having to endure a micro-crash yesterday (Friday) before settling...

The Saudi Kingdom will fall, a longstanding Jackass forecast, an inevitable event. The Saudi Kingdom will fall alongside the ruined collapsing Petro-Dollar. The Saudi foundation has been the primary element to entire Petro-Dollar system.

The week ended with the Dow Jones Index closing down on Thursday and Friday. Still the week closed with the Dow Jones only 0.60% below its last all-time high made on Wednesday, far from its BEV -5% line seen in the BEV chart below. Seventeen months have passed since...

In both 2015 and 2016, the price of gold bottomed in December, as one can see in the chart below. Will that pattern repeat itself this year? Well, there are some strong arguments in favor of that scenario. First, the price of gold actually started to decline in mid-...

Speculation favors overall higher gold prices. A pullback in the dollar is supportive for the metals. GLD is on short-term buy signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal. Gold stocks relative to...

As I’ve been noting again, again, again, again, and again the macro backdrop is marching toward changes. I’d originally thought those changes would come about within the Q4 window and while that may still be the case, it can easily extend into the first half of 2018...