Gold Editorials & Commentary

The Dunning-Kruger effect is the idea that low-ability people tend to suffer from illusory superiority. The phenomenon, first studied by David Dunning and Justin Kruger, says that people who know the least tend to overvalue their own competence, and tend to believe...

Death: It comes to all of us, including empires, paper currencies and countries. Debt: The world is drowning in debt – $150 to $200 trillion. The US government is sinking into a black hole of debt – $20 trillion official and another $100 – $200 trillion in unfunded...

Gold rallied 1.8 percent yesterday as the U.S. Federal Reserve raised interest rates by an expected 25 basis points for the second time in three months.

Every four years, the American Society of Civil Engineers (ASCE) releases its report card on the condition of America’s infrastructure, and for the second time since 2013, our nation’s roads, bridges, waterways, airports and more scored a barely-passing D+.

In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars.  Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious...

Our downside target for the near-term is 1156.60, a ‘midpoint’ Hidden Pivot that comes from the weekly chart. April Gold had a chance to rally out of the hole this week from a bouncy-looking pivot at 1195.40. Instead, the futures popped for a few measly points...

Raising the debt ceiling is how we ended up with a $20 trillion debt. Is the debt ceiling becoming a joke?  It is the same theory as a speed limit sign that is never enforced. Short-term, there are positive consequences to raising the debt ceiling. The US will...

As many are celebrating the 8th birthday of the stock market rally which began in March of 2009, there is a common belief that this birthday will usher in a market crash.

I’ve been thinking about the current Fed Funds Rate hike cycle, which is logically gaining forward momentum now that the Fed can stand down from its 8-year, ultra-lenient monetary policy cycle.  That is because the Obama administration’s goals required a compliant...

Recently, the Idaho House of Representatives voted overwhelmingly to remove income taxation from precious metals investments. Here is a video of this ground-breaking, monumental occurrence.

Oil may have just stopped the Bank of Japan. The fact is that in late September 2016, the Bank of Japan embarked on a new monetary policy of targeting a yield of 0% on 10-Year Japanese Government bonds.

As I noted two weeks ago as we were striking the 2400 region on the S&P 500 (SPX):  "As we now find ourselves striking our target of 2400-2440SPX, now is the time to emotionally prepare yourself for a 'pullback.'"

The EU is facing an existential crisis and does not look like it will survive the massive political and financial challenges it is faced with. This has ramifications for investors in the EU itself and globally as the collapse of one of the world’s largest trading...

In this Weekend Report I would like to show you a chart pattern that seems to be showing up in a lot of different areas of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases...

Gold and silver prices posted a strong start to the year in 2017, despite the December rate hike. This was a repeat of last year, when the December 2015 Federal Reserve rate hike was followed by a massive rally in precious metals. However, both gold and silver have...

The bullion markets offer their own commentary about conservatives’ state of mind since Donald Trump’s election. They are optimistic for the first time in years. Just look at the sales statistics from the U.S. Mint. Bullion coin sales have fallen sharply as...

The best performing precious metal for the week was gold, down 2.43 percent, but still leading its precious metals peers. Gold imports by India are said to have risen nearly three-fold in February from a year earlier, reports Bloomberg, jumping 175 percent. Jewelers...

105 years ago, American financier J.P. Morgan testified before Congress. When asked if the control of credit involved a control of money, Morgan responded by saying, “Not always. [Credit] is an evidence of banking, but [credit] is not the money itself. Money is gold...

Eight years ago last week, President Barack Obama gave investors a surprisingly hot trading tip. In office less than two months, he commented that we were at “the point where buying stocks is a potentially good deal if you’ve got a long-term...

The major averages continue to set record highs, which provides further evidence that Wall Street is becoming more complacent with the growing dichotomy between equity prices and the underlying strength of the U.S. economy. When investors view the Total market cap...

Many of the 2017 economic headwinds I’ve described will hit during the Ides of March, just as the Trump stock-market Rally shows signs of topping out. This might not be the Great Epocalypse — not all at once anyway — but a large and likely correction is looming. I...

It is important to anticipate whether Stagflation is stalking because the yield curve will start pricing it in which will place equity yields, earnings and PE growth multiples at risk. We believe there are clear signs of stagflation already occurring and according...

Filling the 2400 count has caused the expected profit-taking, which sent SPX into a quick retracement of 45 points.  This brought it to the trend line from 2084 which must be broken before we can extend the correction into something more intermediate. 

Metals showed weakness this past week as we expected. To be sure late in the week I noticed some miners showing bounces off support areas. Mining stocks nearly always lead the metals and they are telling me metals area ready to bounce, at the very least.

Oh, were the price of Gold only to be rising with the local level of snow! Here in iconic Squaw Valley, wherein winter Olympians raced for the Gold back in 1960, this season's official snowfall total stands at 623" (16 metres), some 62% above the 384" (10 metres)...

The stock market, as measured by the Dow Jones Index seems to be at an inflection point.  It hasn’t seen a new all-time high since March 1st.  And for what it’s worth, trading volume (market demand) for the 30 blue-chip companies contained in the Dow Jones Index is...

The emergence of an unexpected BREXIT victory, followed by an even more unlikely event, a Trump presidential victory are the outgrowth of the global elites having far exceeded their [almost] unspoken, unchallenged rule of the world, accomplished mostly by...

COT data has been instrumental in guiding us and helping us navigate market conditions during a bull and bear market. The latest COT data is quite alarming, and has our full attention going forward.

Precious metals markets can certainly be volatile from week to week. However, over time they are a more reliable store of value than Federal Reserve Notes. Gold and silver remain the world’s most enduring and most widely recognized form of money. And, as spelled out...

The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain...