Gold Editorials & Commentary

Throughout this bull-run, a plethora of reasons has been laid out to indicate why this bull should have ended years ago. Mind you most of those reasons are valid, but that is where the bucket stops. Being right does not equate to making money on Wall Street. In fact...

The first part of 2016 kicked off with strong moves in just about all the markets. In some cases, like gold and silver, the moves were mostly sustained, seemingly as a new trend in the PMs. Others, like the DJIA and the yield on the 10-year Treasury, were also...

Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof. The first two months of business at USAGOLD were reminiscent of the 2009 run to gold.

Even though Gold did not continue higher this week, sentiment still seems to be dangerously elevated. Talk of $2,000 Gold and a new bull market has become common, and Gold seems ripe for a fall, at least in the short term. Don’t misinterpret my point – I see the...

The best performing precious metal for the week was gold, by a significant margin. Gold experienced its first “golden cross” in two years, as the 50-day moving average moved above the 200-day. This week Georgette Boele from ABN Amro, who switched her gold outlook...

While gold is correcting by consolidating sideways, silver is delivering a recognizable move into a daily cycle low. As usual, retail traders are getting bearish when they should be getting bullish.

The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in the price of gold, which barely budged this week. It was due entirely to silver being repriced 66 cents lower.

In the latest Gold and Silver Market updates, posted last weekend, the view was expressed that an intermediate top was forming gold and silver, not a bull Flag as some were suggesting. Furthermore, the latest COT data not only confirms this view, but suggests that a...

My analysis suggests that the SPX counter-trend rally, which started at 1810 on 2/11 has run its course and risk is increasing that the next intermediate phase of the larger correction is about to start, probably as soon as another short wave up has occurred to...

The bulls made some progress this past week. But they have a lot to prove before we can believe the bull market in stocks has resumed. Just look at all the BEV Zeros below (new all-time highs) from January 2013 to May 2015; that’s what an actual bull market looks...

With but one trading day left in February, we're nonetheless styling this week's Gold Update as our typical month-end edition: it thus features the year-to-date BEGOS Markets Standings, year-over-year comparisons of Gold vs. selected key equities brethren, and our...

Crude Oil prices broke down from $100+ about a year and a half ago. Since then, there has been minimal fallout in the US oil patch, mostly due both to price guarantees built into many contracts and to the availability of loan money.

Just a short comment on a VERY BIG problem! The below chart shows “margin” balance on the NYSE with an inverted chart of the S&P500 laid over it.

Gold sector is on major sell signal. Cycle is up. Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell...

Last week we noted that the odds favored more upside in precious metals before a larger correction would begin. While that view remains on track, we want to note the renewed strength in the US Dollar which could provide immediate resistance to higher levels in Gold...

We often state that the market is replete with logic, even for those who do not know how or do not like to look at charts to explain the markets. Charts that explain developing market activity have been superior to all fundamental analysis over the last several...

The TASSA presentation was at the monthly meeting of the Technical Analyst Society of Southern Africa. Some of the monthly charts used there, up to date till January 2016, have now become very relevant, as February runs into its close. Timing of the invitation to do...

Stocks ended the week not doing much and remaining in a very overbought range. I remain quite short of some leading stocks. However, we did see several failed breakouts Friday, which does point to some retracement that could be great for me.

At the close of market on the Wednesday this essay was written, the price of one troy ounce of gold was US$1,229. A troy ounce of silver was trading at US$15.25. Around the world, the price of gold and silver is most commonly quoted in U.S. dollars. As Americans, we...

Technical Analysis of The Markets Via Videos.

With the gold-mining sector’s market-dominating outperformance this year, investors are searching for the best-of-breed gold miners. The elite mid-tier OceanaGold is certainly among them. OceanaGold has truly epic fundamentals, combining super-profitable low-cost...

In one of Harry Houdini’s finest moments as a magician, he made a 6,000-pound, Asian elephant disappear – into thin air. Billed as the “world’s most incredible conjuring illusion”, Houdini swept onto the stage at the New York Hippodrome in 1918 and proclaimed “allow...

Imagine buying the house next door for half price, would you? Junior mining stocks have been on a fire sale for some time now but why are we nervous about pulling the trigger and buying? Why doesn’t the colloquial statement ring true? “Buy low and sell high.” It...

For a long time, I’ve advocated that the world’s governments should default on their debt. I recognize that this is an outrageous-sounding proposal.

Gold is currently up 20% year-to-date, compared to a loss of 10% for the S&P 500 Index, which adds weight to the belief that the metal works well as a diversification instrument.

It has become clear to everyone in the financial world that the monetary policies pursued by central banks have completely failed in their objectives. Central bankers carry on regardless, continuing to ride the speeding money-train to the end of the line, a train...

Did you ever ask yourself what this central bank obsession with inflation is really all about? After all, it is highly ironic that these erstwhile stewards of price stability have now perversely morphed into the frantic pursuit of currency destruction. This is...

Over a century ago JP Morgan understood that gold was money and the rest was credit. But he lived when you could buy groceries with a gold eagle and a cup of coffee cost a few cents. Ben Bernanke and hundreds of other “paper pushers” ignore gold, pretend not to...

Gold is currently working on a ‘full house’, with three of a kind (gold out performs stock markets, gold rises vs. commodities and gold rises vs. global currencies). We can call the pair needed to complete the full house economic contraction (to varying degrees...

It appears that Great Britain might actually do the until-recently-unthinkable, and leave the European Union. The reasons for this dramatic break-up are many, and can be Googled easily enough. For our purposes, suffice to say that traders are scrambling to figure...