Gold Editorials & Commentary

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...

Here are today's videos and charts.

Gold has largely been drifting sideways for the better part of a couple months now, sapping enthusiasm. Gold investment demand has stalled due to extreme stock-market euphoria. Investors aren’t interested in alternative investments led by gold when stocks seemingly...

By first impressions, the latest World Gold Council report could make for pretty dismal reading if one were to consider the headlines that followed its release. Much of the focus was on the fact that record and reported gold demand was at its lowest last quarter...

You are undoubtedly aware of one or another stock market anomaly, such as e.g. the frequent weakness in stock markets in the summer months, which the well-known saying “sell in May and go away” refers to. Apart from such widely known anomalies, there are many others...

A longstanding curiosity in the investment business has been the disinterest in precious metals among institutional investors. Whether from the handful of consultants now leading the institutional space, or directly from the stewards of our nation’s pension,...

Gold prices held most of yesterday's 1.0% jump against the Dollar and touched new 3-week highs for Euro investors on Tuesday, trading higher as crude oil rose and Saudi Arabia accused Iran of "direct military aggression" tantamount to a declaration of war.

Recently I identified five agents of change that I believe investors should know about right now. I’d like to add one more to the list: Mohammad bin Salman. The crown prince of Saudi Arabia, 32, was little known outside the region before this past weekend when he...

For almost a year now the PM stock indexes have been building out a triangle trading range that has yet to be determined if it is going to be a consolidation pattern or a reversal pattern. With big patterns one can lose sight of what is really there, as the longer a...

From John Rubino: “We’ll Look Back At This And Cringe” “Millions of people out there still bear the psychic scars of buying gold at $800/oz in 1980 or a tech stock at 1,000 times earnings in 1999 or a Miami condo for $1,000 per square foot in 2006.

Last week, the Bank of England opted to increase interest rates for the first time in a decade. Since then alerts have been coming thick and fast for Britons warning them to prepare for some tough financial times ahead.

JP Morgan, at least according to the daily Comex warehouse report, added over half a million ozs of silver to its “historic” stash of silver at the Comex:  TF Metals Report.  It would be even more interesting to see an actual independent accounting of that specific...

Platinum “may be one of the cheap assets out there” and “is cheap when compared with stocks or bonds” according to Dominic Frisby writing in the UK’s best-selling financial publication Money Week.

The synergistic relationship between gold and economic growth is quite healthy, and poised to become even more healthy in 2018 – 2019.

On April 5, 1933, President Franklin D. Roosevelt issued an executive order making private ownership of gold illegal. The order forced Americans to sell their bullion to the Treasury at the then legal price of $20.32. 

Investors need to be concerned that the U.S. Stock Market is well beyond bubble territory as it has now entered into the final stage of a Super-Charged Tulip Mania.  Not only are stock prices inflated well above anything we have ever seen before, but valuations are...

Gold production in the world’s largest gold producer and buyer fell by nearly 10% in the first half of 2017 in what may be another indication of peak gold.

As you all know by now, I have absolutely zero knowledge of anything related to the "blockchain" technology, which translates into "I don't own Bitcoin and would not touch HIVE Blockchain Technologies Ltd. (HIVE:TSX.V; PRELF:OTC) with a barge pole." That also means...

The world is changing fast right now in ways that many investors might not easily recognize or want to admit. This could end up being a costly mistake. If you’re not paying attention, you could be letting opportunities pass you by without even realizing it.

The middle-class has been stuck in a rut – psychologically if not economically – for years, and they’re not afraid to admit it. Last year’s upset victory for Donald Trump in the U.S. presidential race was a manifest token of middle class angst. Opinion polls have...

In deference to Mark Twain, I will review the USD, general stock market, precious metals, the electric metals and various other topics.  In the past two weeks Rambus has been so prolific with such high impact charts that I find it a challenge to offer value added ...

Something truly massive happened in early 2017. That “something” was the market shifted from deflation towards an inflationary outlook. If you don’t believe me, you can see for yourself.

India and China often grab the headlines as the world’s largest buyers of gold. In 2016 this was not the case. When measured on a per capita basis it is Germany that takes the impressive crown of largest gold buyer in 2016, all thanks to their investment market....

Normally winter is a good time for gold, with men buying their significant others jewelry for Christmas and lots of New Year’s Day marriage proposals. Here’s an overview of the dynamic from Adam Hamilton of Zeal Intelligence:

Physicists say that the universe is expanding. However, they hotly debate (OK, pun intended as a foreshadowing device) if the rate of expansion is sufficient to overcome gravity—called escape velocity. It may seem like an arcane topic, but the consequences are dire...

Longtime readers of The gold Update know of which that title is analogous. 'Tis Chris Issak's in concert description about a girl standing in a Greyhound bus station: she has dirty blonde hair, is wearing a taupe miniskirt, white boots and has next to her a small...

As I do the actual work of plowing through NFTRH 472, I am noting some non-bond related indicators in line with the fading Junk/Quality ratios and easing Treasury yields noted in this post. If preliminary hints in these indicators intensify and long-term yield...

SPX is three to four weeks away from an intermediate top. A few minor reversals to build an adequate distribution phase on the P&F chart will first be required.

Janet Yellen’s term as Federal Reserve chair ends on February 3rd. President Trump is expected to announce the new Federal Reserve Chair very soon, perhaps even this week. He said that we’ll get to know his choice before a tour in Asia in early November. Since that...

GLD is on short-term sell 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 gold is now at the most oversold level in a year.