Gold Editorials & Commentary

Gold performed its traditional role as hedge against currency depreciation again in 2015. Many currencies saw sharp losses and concurrent gold price gains. This trend has continued in the first week of 2016, with gold up by more than 4% in most currencies.

The Chinese stock market (the SSEC Index) has tanked out of the block in 2016 -- and has investment professionals across the globe running around like headless chickens. So, let's take a deep breath and check out the charts. We'll take it from the top beginning with...

Gold dips from a 2-month top as the Chinese stock market stabilizes today after another panic selloff yesterday. Does it mean that the yellow metal is now traded on news about China?

One of the (many) fascinating things about this latest global financial crisis is that there's no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when Tech stocks crashed and pulled down everything else, this time...

Today felt like an inflection point in gold and the DOW INDU with both breaking important trendlines. As there is a lot of ground to cover tonight let’s get right to the charts starting with the daily look at the DOW INDU.

If you don't have a magical crystal ball to see the future, then a good history book will do the job. Understanding the past offers a full color panorama to the dangers and opportunities facing you in 2016.

Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and...

Even a cursory review of US stock market indices over the past year shows sharp differences in the character of the first half of last year and the latter half. A clear discontinuity occurred in the path of that market. That a Part A and a Part B existed cannot be...

Gold bulls have suffered years of disappointment, having seen their favorite metal’s price lose more than 40 percent from its all-time historic high of $1,924 an ounce in early September 2011.

The S&P500 has been bending over the last three trading sessions (first three trading days of this New Year) but refused to break down. Overnight however, that has changed, at least during Asian trade and very early European trade.

Markets have a funny way of providing us with the exact opposite of what the masses believe will be seen. This is why contrarians often outperform the masses. And, the metals market is not immune to this phenomena.

In a dynamite interview, Richard Fisher, former president and CEO of the Federal Reserve Bank of Dallas, gave what may be the biggest confession of recent financial history: the Federal Reserve knowingly engineered the US stock market recovery and created a huge...

Yesterday, the minutes of the Federal Reserve's December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market?

Axel Merk is the President and Chief Investment Officer of Merk Investments and Directing Manager of the Merk Funds. He is a globally recognized expert pundit on macro trends as well as an innovator in gold and currency investing. Axel is a sought-after speaker,...

Once every decade or so investor credulity reaches a point where even seasoned money managers buy into the notion of "one decision" stocks -- that is, shares of companies so insanely great that they're virtually guaranteed to keep going up. Valuation is irrelevant,...

Black swans are unknowable and unexpected events that swing financial markets, and the New Year has seen a small flock of them propelling gold prices upwards and close to a breakout from the recent bottoming formation on technical charts.

When it comes to oil prices, it’s been a brutal 12-18 months for any oil investor. In the past I have written why these oil prices won’t last, as 2/3rds of future oil reserves are uneconomic at a price of $60 dollars a barrel. If you combine this with the fact that...

Gold prices hit a four-week high today over $1,088 per ounce, extending gains for the third day and leading to a 2.5% gain year to date. Deepening concerns over the indebted Chinese economy saw falls in stock markets again and tensions rose in Asia and the Middle...

They say that insanity is doing the same thing over and over, but expecting a different result. So, according to this definition, this 4+ year correction has clearly afflicted this market with a bout of insanity, and much of it has culminated in 2015. So, do you...

There is a populist idea of money printing. The idea is that banks can just print what they want, enriching themselves in a massive fraud. But, does it really work this way?

Gold started the year well amid bad economic news from China and rising tensions in the Middle East. Will the conflict between Saudi Arabia and Iran boost the price of gold?

How goes the bull market in gold and silver? Believe it or not they are still in a bull market, though after the past three years I expect most people understand the current decline as a bear market. Either way doubts about the old monetary metals’ ability to rise...

The US dollar has begun 2016 by staging a horrific technical meltdown against the Japanese Yen.

Gold reached a high of 1081.50, at the time that this Post was being written, and is again trying to break above the wave ^i^ of *c* high of 1081.40. In yesterday’s End of Day Post we had suggested that the impulsive looking rally from the wave ^ii^ low of 1057.50...

The Dow Jones Industrial Average was first calculated on May 26, 1896. Therefore the index has been around for over 119 years. With the Federal Reserve talking about raising interest rates for the first time in over nine years in 2015, the Dow moved in an indecisive...

2015 was a year where nearly every asset class failed to provide any returns at all. If fact, the S&P500 hasn’t gone anywhere in about the past 400 days. An analysis of that Index’s performance at the end of the 3rd quarter by S&P Capital IQ showed that over...

Yesterday, the global stock market tumbled. What does it mean for the global economy and the gold market?

Last week we looked at a methodology for identifying select equities that have the potential to rise thousands of percent after a market crash. The technical criteria involves finding a market sector that has undergone a severe Stage IV decline (stage analysis, see...

I’ve seen articles explaining that rising interest rates are bearish for gold and I’ve seen articles explaining that rising interest rates are bullish for gold, so which is it? Are rising interest rates bullish or bearish for gold? The short answer is no — rising...

If crude oil is to actually produce a solid bottom and enter a bull market, the charts will show it. One does not have to try to nail some sort of “exact bottom” in the hope of bragging about some penchant for prophetic market insights.