Gold Editorials & Commentary

The Federal Reserve has a dual mandate (employment and inflation). With the unemployment rate hovering near the Fed's stated level of full employment, it is getting harder and harder to justify keeping rates at "the world is about to end" levels. It became a bit...

In the last 2 NFTRH editions, we noted extremely over bearish market sentiment conditions in Rydex bull/bear fund allocations and in Small Speculators’ net short positions. These sentiment indicators have been reset to traditional correction-ending, even bear market...

There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this credit to deposit in other bank accounts and to...

US Monetary policy has played its part and had an impact on many aspects of the financial markets including the precious metals sector. We have been through a period of Quantitative Easing whereby trillions of dollars were printed in an attempt to boost the economy...

China’s Shanghai Gold Exchange said it will allow physical gold to be used as collateral on futures contracts from September 29, according to a statement posted on its website this morning as reported by Reuters. Physical gold will be permitted to be used for up to...

Years ago, I was a passenger on the most beautiful and elegant gold ship you have ever seen. It was equipped with every luxury known to man, and was the most stylish ship afloat. I was honored to be a passenger on this ship.

We have a very important inflection point coming next week with the Fed meeting. I believe the inflection point has already been reached a few weeks back but next week may be the final straw. Will the Fed raise rates to "save face" and try to stem the loss of...

They say that the definition of insanity is doing the same thing over and over, yet expecting a different result each time. By that definition, most of the analysts and market participants in the metals world are insane.

UK households are sitting on a £173 billion debt time bomb after once again being lured into a spending splurge by banks and credit card companies. The startling rise in debt levels due to people splashing out on new cars, TVs, conservatories, luxury items, consumer...

Or is it perhaps that most markets, almost certainly facing major reversals in trend are trying to remain as steady as possible in the highly uncertain situation. This has meant the fire and flames analogy of recent weeks has broken down, except if one went camping...

A few legendary influencers in investing are making huge bets right now on commodities, an area that’s faced—and continues to face—some pretty strong headwinds. What are we to make of this?

The 2008 crash was a warm up. Many investors think that we could never have a financial crash again. The 2008 melt-down was a one in 100 years episode, they think. They are wrong. The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.

Supposedly crude oil prices will stay low for a long time and perhaps drop into the $20’s. The Internet is filled with reasons explaining why crude oil prices will drop. A few are: Saudi Arabia is a swing producer and will provide what the world needs, regardless of...

On March 10th 2009 the US stock market hit an intraday low and put in the now-famous “Haines bottom”--coined after my friend, the late great Mark Haines, who made one of the most prescient calls in market history. It should be noted by the time that fateful day...

We are working on the assumption that wave .ii. ended on Friday at 1116.30, and that we have started wave .iii. higher! In the overnight session gold reached a high of 1122.70, at the time that this Post was being written.

Whether US equities are in a bear market or not is debatable. Regardless, I think there’s now a 60% chance that Janet Yellen will hike rates on September 17. If global stock markets stabilize and rally over the next week or so, Janet will be even more likely to take...

Gold prices began this week on a slightly negative note as prices drifted back towards their lowest levels since mid-August after US payrolls data failed to provide clarity on the timing of a US Federal Reserve rate hike, and as the dollar steadied against other...

Silver was the best-performing precious metal for the week, down a marginal 0.08 percent. This was a reversal from last week, when it was the worst performer. Gold consumers in India, the world’s biggest users after China, are expected to increase purchases for...

I go back many years with Rick. He used to quote me regularly on his site–and I had some prescient timing calls that were perfect. We bot GG and NEM at the lows and rode them all the way to an interim peak; and sold the day before they tanked.

The SPX Futures rallied during the Labor Day Holiday. The chart below pretty much explains what I'm looking for this week. On the sentiment point, we have excessive bearishness: large specs short volatility, while the small specs are long volatility and high P/C...

In this report I’m going to take an in-depth look at some the individual precious metals stocks, so we can see where they’re at from a short to long-term perspective. We’ll start by looking at some of the more important big cap PM stocks as the precious metals stock...

Doom and gloom “porn”, this is the new troll term to describe the realities being described by those who use math and pure logic to derive conclusions. What other conclusions can one come to than “it’s been a great ride but it’s nearly over”?

Just like always, traders are ultra-bearish when they should be getting bullish. Gold is 30 days into its daily cycle and due to bottom any day…which is possible on a final dip after the employment report.

Last week was a fairly quiet period in the market for the metals…with a min-rally last Thursday especially in silver which hit almost $15. By the end of the week, the price of gold was down $13, while the price of silver was up 3 cents. The action was elsewhere (e.g...

The stock market is toxic! It’s very important that you don’t get seduced by the old siren song of Wall Street about “buying the dip” and other nonsense like “being selective”. While these strategies have worked up to now, they won’t any longer, because we are now...

Last week ended the rally after it had a typical 50% retracement of its initial decline. By Friday, on the bar chart, the index was trying to hold on to support created by a critical short-term trend line which had already been violated. On the P&F chart, that...

August is always a weak month for physical gold moving through China’s Shanghai Gold Exchange – or rather it has been up until now. The big months for SGE withdrawals are normally at the beginning and the end of the year ahead of The Chinese New Year holidays, while...

Long time readers of this site are aware that successful traders/investors learn how to read market sentiment. Positioning yourself on the correct side of a market is the key to profits. Do this, and do it consistently, and you will make money. Don’t do this and you...

If you believe what CNBC is saying, then everything is just fine. Except for the current correction in the stock market, everything that should be going up is going up…and everything that should be going down is going down. So what’s not to like about the economy...

And thus with two trimesters (plus four days) of 2015's trading sessions now in the books, we find Gold in third place amongst our BEGOS Market Standings of percentage performance year-to-date. Here they are through yesterday's (September 4th) closing: