Gold Editorials & Commentary

There is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners alike have become confused by policy failures, and privately, occasionally even downright pessimistic, at a...

The World Gold Council published today a new edition of its quarterly report on gold demand. What does Gold Demand Trends Q1 2016 say about the demand for gold in the first quarter of 2016? Unsurprisingly, the headline is positive as gold demand increased 21 percent...

Most people define inflation as rising prices. Economists will quibble and say technically it’s the increase in the quantity of money, however Milton Friedman expressed the popular belief well. He said, “Inflation is always and everywhere a monetary phenomenon.”

Global gold demand surged a record 21% and gold investment demand a record 122% in Q1, 2016 according to the World Gold Council who released their ‘Gold Demand Trends Q1 2016’ report today.

Legendary investor Stan Druckenmiller, founder of Duquesne Capital Management LLC, told the Sohn Investment Conference in New York last week that he is bullish on gold and bearish on the stock market. He told the conference, "Gold is our largest currency allocation...

We usually focus on monetary policy decisions made by major central banks in the world: the Fed, the ECB and the Bank of Japan. However, we also try to cover the most important moves undertaken by other globally important central banks (forex investors should be...

Bulls barely kept their heads above water Tuesday and will have their work cut out for them if they are to avoid a dunking. That would require a print at 1277.80, a mere $7 above current levels. The most bullish scenario I could imagine at the moment would be a...

Gold bullion is a “long-term insurance policy” according to James Steel, chief commodities analyst at HSBC, who spoke with Tom Keene about what’s driving gold markets on “Bloomberg Surveillance” yesterday.

For those that understand how metals trade, it is quite clear that they move to extremes. And, the main reason this is so is due to the driver of the metals market being emotionally based. Yes, you heard me right. The driver is not market crashes, or worldwide...

For the last few days we have been talking about the two options in gold. Either all of wave *iii* is complete at the 1306.00 high or just wave !I! of our wave ^v^ thrust is. In yesterday's trading session, gold was sharply lower, and reached a low of 1261.00.

In the six years since the recovery began, there has been endless debate over the strength of the US economy. There are basically two sides of the debate. Those taking the positive side maintain the economy has almost returned to its pre-crisis levels and is on a...

The post began as a simple view of the inflationary dynamics in play within the precious metals market but as sometimes happens it, err… expanded. Please excuse the wordiness. But I would rather be wordy and try to make points backed in facts and data than backed...

Gold rose towards key resistance a week ago. The resistance is defined by the 2013 price point of $1320 and the 2015 price point of $1307. It reached about $1306. As it did, I called the market a “profit booker’s delight.”

We know that central banks and governments have lost the plot. When the crisis started in 2006, US short rates were 5%. In 2008, they were down to zero and have virtually stayed there ever since. A crisis package of $25 trillion was thrown at the financial system....

Last week, the ECB decided to permanently stop producing the €500 banknote. The ECB’s decision is a manifestation of a widespread war on cash declared by some central bankers, politicians and economists. The reason cited by the ECB are concerns that the €500...

The price of gold moved down slightly this week, while that of silver dropped more substantially—1.9%. We don’t see much decrease in the enthusiasm yet from this minor setback.

It was somewhat of a subdued week for metal prices following the gains of the prior week. The best performing precious metal for the week was platinum, up just 0.32 percent on little impactful news.

The gold to silver price ratio determines the relative value of the two precious metals and is a useful parameter in deciding which metal to buy at any given time (Mercenary Video, March 19, 2016).

The first answer that comes to one’s mind is yes, as this economic recovery has been nothing but an illusion. The unemployment rate might have dropped, but the way the BLS (Bureau of Labour Statistics) calculates this figure is questionable at best.

The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 percent on average and as much as 30% in some areas according to City AM today.

SPX appears to have completed the first phase of its correction on Friday by reaching a P&F phase correction as well as a strong support level. This price area also corresponded to a normal downside projection for the H&S pattern which formed as a top. It...

The Euro remains locked in a big consolidation phase and with the Brexit vote coming up I thought I’d take another look. Let’s look at one scenario on the daily chart that I think has some good potential going forward.

When I last published this Bear’s Eye View of the Dow Jones Index a few weeks ago, it appeared the Dow Jones Index would be making a new all-time high sometime in early May. On April 20th it was only 1.18% from last May’s BEV Zero, or the Dow’s last all-time high...

Last week was a typical example of the ‘Slowly but surely’ heading of US Markets of the previous weekend; a case of two steps forward and then one back. Sometimes two. ‘Marking time’ is another expression often used for the kind of behaviour when there is much...

I like the odds that Friday marked the bottom of the daily cycle and half intermediate cycle decline. The next daily cycle should be right translated as well and rally at least into the second week of June before the market starts to get nervous about the Brexit and...

Stocks continue to hold up…but aren’t acting strong by any means. I remain in an all cash position as we may still be setting up for a try into new all-time highs in the S&P500, but at the same time, we may see some volume come in to push us lower in the week...

It has been my nature from the earliest point, I can remember that I have always looked for inspiration in the underdog. There is no logical reason for this, as my upbringing was about as “middle of the middle” as it could be. However, all the stories, movies, and...

Below is a long-term weekly chart we’ve been following which shows the breakouts and back-testing that have been going on for several months with GLD and SLV, and just 5 weeks or so for the HUI. This big picture look from 35,000 feet shows how infant this new bull...

Gold and silver ARE money. Neither is a “currency,” although money is often cited as interchangeable with currency. Take the Federal Reserve Note, [please!], as an example. A Federal Reserve Note [FRN], is more commonly known as a “dollar.” Even though the word “...

Gold sector is on a new major buy signal. The cycle indicator has just turned down this week, suggesting a multi week correction is starting. Silver is on a long term buy signal. Short term is on buy signal, but caution is advised to those who are chasing this...