Gold Editorials & Commentary

Gold and its miners’ stocks are rocketing higher as speculators and investors alike return to this left-for-dead sector. This sudden deluge of capital inflows has crowned gold stocks the best-performing sector of this young new year by far, shocking traders. And...

In my last published article titled “Intermediate Forecast: Gold, Silver And Mining”, I noted that prices were fast approaching our initial target areas for gold, silver and miners. Most have reached the previously posted targets. Consequently, I will now begin...

Crude oil prices have dropped from about $106 in June of 2014 to briefly under $30 in January of 2016 – down about 74% peak to trough. This appears to be an on-going disaster for oil companies, the banks who loaned money to frackers, oil exporting countries, global...

Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily that the yuan will suffer a major devaluation any time between the next few months and perhaps the next three years. The...

Gold is 3.6% higher this week and is now over 9% higher year to date. The dollar saw sharp falls this week on growing doubts that the Federal Reserve will be able to raise interest rates. The gains this week were due to increasing concerns about the U.S. and global...

China May well Change the Game: China lifts reading of cenbank gold holdings by 57 pct. Gold now accounts for 1.65 pct of total forex reserves. According to Central Bank Data, China's gold reserves stood at 1,658 tonnes at the end of June of last year. This was up...

We have been predicting for months that the FED would not be able to raise rates as aggressively as the market was expecting. Thus, we have been long gold and mining stocks believing that a reset in expectations for how fast the FED would raise rates would be...

One of the great things about stock charts is they allow us to track the markets using reference points from the past. For example, we may have drawn a trendline three weeks ago, then three weeks later the market rallies back to the trendline and reverses. Therefore...

The action in nearly all markets worldwide changed on a dime since January 1st. I am not sure “what or why” the change coincided so closely with the calendar year, but the rate hike by the Fed is the leading candidate. As for the real global economy, there is...

The comatose mining stocks finally came to life today and showed signs of some determined buying, something that has been missing in the recent leg higher in the gold market. From a technical analysis perspective, the fact that they were able not only to breach that...

There is a lot of action going on this week in all the different areas of the markets. The PM complex has been rallying, the US dollar tanking today and the stock markets trying to make up their mind which way they want to go in the short term. I have a ton of work...

Gold prices have continued to eke out further gains today. The very poor ISM data yesterday saw the dollar fall against all major currencies and particularly gold. Bullion is seeing safe haven flows and gains due to increased concerns about the economic outlook. The...

The stocks markets worldwide last week rocked back and forth every day until January 29, 2016. That Friday the SPX rallied very sharply. So, with its biggest weekly gains of the year, does this mean the bull market in equities is back? No!

For over six years, the markets have been moving based on Central Banker actions and words. The first phase (2009 to 2013) was dominated by action (ZIRP and QE). The second phase (2013 to the present) was increasingly reliant on words (verbal intervention) as most...

We opened our doors at Elliottwavetrader.net back in 2011 with our top call in the metals market. Since that time, we have been traversing a complex correction for the last 4+ years. And, as I have been saying since the end of last year, we are very close to its...

A lot is riding on the demand side of the equation when it comes to metals' price performance this year. Demand is the bigger wildcard with signals thus far being mixed in gold and silver bullion markets. The outlook for supply is more certain, and it isn't pretty...

Gold and Japanese fiat are unlikely friends. During economic crisis, money managers treat both gold and the yen as safe havens. Top FOREX traders use the action of the dollar against the yen for cues to place bets on gold against the dollar.

Gold made a slightly higher high in the overnight session, reaching 1130.80, at the time that this Post was being written. There is no change to what we said in our last End of Day Post, as we expect further gains in wave ^iii^ of *c*. We have mainly repeated our...

It´s been a nasty start into the new year. Deflation (driven by a weak China) keeps on eating into the system and now is visible for everybody. I have been writing about this many times during the last couple of years. Yet the global puzzle has become so complex...

Gold continued to show strength towards the end of January and is now up by over 5% for the first month of 2016. However it is now running in to heavy resistance, we think there is room to push on towards the $1140 region but it should be short lived.

January was the winter of our discontented stock market. It was the worst January since 2008, when the Great Recession officially began. It was, in fact, the worst January in the history of the New York Stock Exchange. According to Citigroup, Inc., it was also the...

Bullion for immediate delivery rallied 5 percent in January, according to Bloomberg, the best gain in a year as seen in the chart below. Following the $15 trillion rout in global equity markets since May, the precious metals’ lure has reawakened. Bloomberg also...

The Bank of Japan (BoJ) rattled global markets on Friday by announcing its adoption of a negative interest rate policy intended to spur banks to lend and consumers to spend. The world’s third-largest economy, then, joins a handful of European countries who are...

Japan announced negative interest rates Friday which caused a bounce in Europe and then in the US. It is as if "they saved the world"! I have just a couple of comments before digging in to this. First, "why didn't someone think of this before" -- and "if it were...

The Keynesian elite gathered in Davos Switzerland this past week to pontificate on global economic issues and to strategize the engineering of The Fourth Industrial Revolution. This new so called “revolution” includes a discussion on the future of Artificial...

This week’s heading is a little strange to apply to the markets. Two, perhaps more decades ago, it would have been taken for granted that the strong arm of the law was a ‘given’ for civilised society in developed countries. The silver ‘fix’ on Thursday is final and...

Since we covered the many different markets in detail last week I would like to focus back in on the US dollar and the TLT looking for clues for the big picture direction. The huge daily swings, in say the INDU last week, makes it very hard to keep and hold a short...

The recovery rally in the US stock market that we have been expecting for a week or two started on Friday with a robust advance that gathered strength into the close. The trigger was Japan's announcement that it is going into NIRP (Negative Interest Rate Policy) in...

Gold and silver rallied (5.3% and 3.4% respectively) in January, as stocks fell sharply. Turmoil and sharp falls in Chinese and global stock markets, plunging oil prices, rising stress in credit markets and further signs of weak US and global growth led to a renewed...

The SPX should hold about 1943/44 Monday and then drop to around 1850 by Feb 3 or 4. The astro/fib CIT turns are Feb 1 and Feb 4. There is a Bradley turn due Feb 3-5. The 16 TD low is due Feb 3.