Gold Editorials & Commentary

Gold’s mighty new bull market this year has been amazing, the result of heavy buying by investors and speculators alike. But these latter traders have pumped so much capital into gold futures that this metal now faces a record selling overhang. Since the hyper-...

Melt-ups precede a major stock market crash, and by all appearances we may be in a melt-up right now that could cause a stock market crash in 2016. First, a small bit of euphoria kicked up permabull adrenaline in the US market when Brexit didn’t make the American...

The very first word anyone ever saw on a circulating United States coin was the word “LIBERTY.” From half-cents to silver dollars, each featured the likeness of an unnamed woman. The images varied, thanks to different engravers, but together they became recognized...

We will start with a quote that is sometimes attributed to Sir Winston Churchill, the British Prime Minister, who led Britain during the Second World War. “If you’re going through hell; keep going” With the enemy at the gate Sir Winston Churchill didn’t have much...

For the last several months, and, in fact, for the last several years, I have been writing how I take exception with the common perspectives in the metals world. The great majority of metals enthusiasts and analysts were suggesting that a stock market crash was...

Per Deutsche Bank Research: Currency forecasts point to potentially significant declines in international returns (i.e. lower performance in foreign currencies). “When left unhedged, currency exposure can have potentially negative effects on both the risks and...

Massive virus attack sent my main computer for repair limiting my posting this past weekend. However, I have been able to get my Point and Figure charts done -- and here I show the gold and oil charts. They are going in different directions.

Summer vacation is here -- and the whole global family has arrived at Central-Bank Wonderland, the upside-down, inside-out world that banksters and their puppet politicians call “recovery.” Everyone is talking about it as wizened traders puzzle over how stocks and...

A recent IMF study estimated that the profits of the big banks in the United States are almost entirely due to the government sponsored backstops. It’s not just bailouts, but also cheap credit, and judicial negligence.

When people use the term "money," it usually refers to a unit of currency used in the transacting of business and commerce. A woman works cleaning houses for a week and gets paid in a number of currency units and then goes to the supermarket and exchanges those...

After 4 years of getting trounced, bulls have learned to be quite skeptical and gun shy. This is what a larger degree correction does to the market psyche, as it builds the “wall of worry” for the next bull phase.

It’s been a stellar six months for gold investors. The yellow metal has surged 28 percent year-to-date, its best first half of the year since 1974. And now there are signs that the rally is just getting started.

Since its discovery many centuries ago, gold has managed to maintain its relevance and stature to this day. Used to make royal crowns and other valuable items, the value of gold has been high as from its discovery days. The Greek scientist Archimedes (287-212BC),...

Gold stocks continue to take out key highs, but in the big picture, the upside action has barely started.

The oil-to-gold and oil-to-silver ratios declined in the previous week, invaidating earlier breakouts above important supports, which suggests further declines and doesn't bode well for crude oil as lower values of both ratios have translated into lower prices of...

Talk about diversification comes cheap. Actually diversifying one's portfolio is far more difficult. We have been preaching for some time that in an era where both stocks and bonds may be expensive, investors may want to embrace alternative investments. I have been...

Gold is testing its 2011 high in Australian dollar (A$) terms. The A$-denominated gold price (gold/A$) made a correction low in April of 2013, spent about 18 months forming a base and then resumed its long-term bull market in late-2014. It will probably soon make a...

The best performing precious metal for the week was platinum, up 3.38 percent and marking eight straight trading days of gains. China has seen an 11 percent jump in auto sales through May, spurred by a tax cut on purchases.

Here we are at the halfway point of the year, less than two months away from the Rio 2016 Olympic Games. As a group, commodities are the top performing asset class, beating domestic equities, the U.S. dollar and Treasuries.

Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture. This is highly atypical, maybe even unprecedented.

I like to share my thoughts about the S&P500 index, the volatility index and what I believe will be the trigger/event, which sends stock markets around the world to new multi-year lows. While the charts shown here are very simple there is a lot of information...

The Fed was able to end its massive $3.7 trillion series of Quantitative Easing campaigns without the stock market and economy falling apart. The end of QE 3, in October of 2014, did cause temporary turmoil in the major averages; but all in all, it did not lead to a...

This was a shortened week, due to the American holiday of July 4 celebrating the start of the war that led to “Amexit”, 240 years ago. The prices of the metals were up last week, +$25 in gold and +$0.48 in silver. The gold to silver ratio dropped a fraction of a...

Last week, SPX traded within inches of its all-time high. After a much better than expected jobs report on Friday, bulls took control and drove the SPX up to 2131.71, only 3 points from the 5/15 high of 2134.72. Some profit-taking occurred in the last minutes, and...

The Brexit vote was a surprise. However, my alternative scenario for this unlikely event was a bull´s-eye. Gold immediatley spiked sharply higher and met some profit taking around $1,350. Now two weeks later it´s even higher and in a strong uptrend. Gold knows that...

Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands out. First, we had the admission this past week by a major French bank that Italian banks are so sick (and so too big to fail) they could cause...

I have not really addressed this issue in a direct fashion in the past, but I feel the need to bring this issue to light. The issue I have with most of the “analysis” I read or hear is that much of it is based upon supposition and inconsistencies. Personally, when...

In last week's missive, (Gold then at $1,345), we modestly raised our high target for this year to the vaunted level dubbed as "Base Camp 1377". Now with Gold having settled yesterday (Friday) at $1,367, what was Gold's high trade this past week, indeed for the year...

In US judicial court system for a criminal case, the juries are advised to examine the evidence of the case “beyond a reasonable doubt”. The market behavior is complex and there are often good arguments on both sides as to the direction of the crude oil ($WTIC)...

Gold sector is on a new major buy signal. Investors can cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short-term is on buy signal. However, silver is vulnerable to a multi-week correction which is long overdue.