Gold Editorials & Commentary

Puerto Rican Governor Alejandro García Padilla addressed the island’s people about $73 billion debt. With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla,...

While not many pay any attention to these two larger time frames, especially the Quarterly, both are more controlling and receive greater attention from smart money players. These time frames are not at all used for market timing, but they do show the dominance of...

I am watching the latest on goings in Greece from deep on the sidelines. One analyst after another suggests that Greece is on the verge of imploding. And, we have been warned so many times that such an implosion will have a dire effect upon the Euro, as well as...

Not that almost any and all news today is enough to make you scratch your head, two pieces of news yesterday were bombshells! I am talking about Greece's stance of staying IN the Eurozone and the Zerohedge article regarding JPM "cornering" the global commodity...

Gold was weaker in the overnight session reaching a low of 1169.10, at the time that this Post was being written. It appears that wave .b. of our wave -d- triangle is not complete at the 1168.10 low, as we had previously suggested so we are now expecting another...

As the crisis in Greece (and now Puerto Rico) intensifies, Global markets (except gold) are tumbling. Greek banks are closed, and the situation looks grim. Incredibly, the enormous volatility seen in US stock markets yesterday could intensify, when the US jobs...

Now that we know Greece will default, where do things go from here? Before getting to that very tough question (with no concrete answers), I would ask another stinging question. "Was a Greek default really "already in the market"?

Despite the fact that the Greek government has now imposed capital controls and has instructed banks to close for this week, the price of gold had a rather muted response while global equities experienced a sharp sell-off.

I was recently sent an article containing the claim that during the next financial crisis and/or stock-market crash there will be a panic ‘into’ the US dollar, but that unlike previous crises, when panicking investors obtained their US$ exposure via the purchase of...

Amidst all the talk about “Grexit” ( are the rest of the readers as sick of hearing about this as I am at this point?), one thing being overlooked, especially by those who keep calling for some sort of rip roaring surge higher in gold and silver, is the fact that...

The GDXJ is at an important inflection point right here and now. As you can see it’s sitting right on the neckline of a small H&S top that has formed at the fourth reversal point on the potential bearish falling wedge. A break of the neckline will almost assure...

Demand for gold coins and bars from European investors has increased significantly in the past month as the Greek crisis enters a new phase. As reported in our statement – to which Bloomberg referred in their piece – we saw a significant increase in demand from the...

All markets are cyclic…Bull Markets eventually end and Bear Markets ultimately end, regardless of asset class. It is Wall Street gospel that cycles are immutable…only duration and magnitude vary.

A true contrarian knows that when everyone says an interest rate hike by the Federal Reserve would kill stocks, that is the best time to double down on junior mining names. In this interview with The Gold Report, Gold Stock Trades author Jeb Handwerger shares the...

The Shanghai Gold Exchange is expected to receive approval from its central bank for a yuan-denominated gold fix soon, according to Reuters. If the yuan fix takes off, China could draw buyers in the mainland and foreign suppliers to pay the local price, making the...

I was feeling particularly low, having sunk into a sloppy, self-pitying, tequila-fueled, drunken introspection after (again) failing to achieve blissful Nirvana, this time per my wonderful new (“Why didn’t I think of it before?”) theory, which is to finally attain...

As we have been noting throughout 2015 thus far: There is no recovery. There is only the bond bubble. And everything has been done to prop it up because when it bursts (as all bubbles do), entire countries (including the US) will go bust. Greece is just the first...

Greeks line up to an ATM in a run on Greek banks. Greece embarked on capital controls as talks over the weekend between Tsipras’ leftist government and foreign lenders fell apart. All banks and the Greek stock exchange are closed today. Greek citizens cued in long...

Make no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency. Before going into why, a few comments on Greece will set the scene.

Investors are obsessed over predicting the timing of the Fed’s first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or...

News which has dramatically altered the Greek situation and is expected to have an immediate impact on the worlds’ markets came out after the close on Friday. If nothing has changed by Monday morning, a sharply lower opening is expected. If so, this could be the...

Last week, I warned of a possible Head and Shoulders Pattern Top looming. Back in the 1980’s, I learned how to do minimum down side measures by measuring the distance from the head to the neckline and then adding it to the neckline.

What was predicted for China has started to happen with the dramatic failure of its parabolic uptrend just over a week ago leading to a plunge. The update China Crash was posted when all indicators were at “nosebleed” levels late in April, right after which the...

Since the narrowly averted implosion of the financial system in the fall of 2008, we are now in the 7th year of global monetary policy experimentation. Although the Federal Reserve stopped its “quantitative easing” program last year, other central banks are now...

Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the...

That title pretty much sums up the state of Gold in our recent missives. Arising each Saturday at 04:00 Pacific Time to compose The Gold Update is an informative (we hope) labour of love. However, mere hours from now at 17:00 CET in Brussels, the EuroZone Finance...

Many Swiss gold exports continue to show key proportion of mainland Chinese gold imports are bypassing Hong Kong altogether. Switzerland is the largest conduit for global gold exports with a number of refineries specialising in importing good delivery gold bars and...

This coming week could be very telling. China just ended a disastrous week and finished just whiskers away from entering bear market (-20%) territory. Credit markets all over the world are weakening and yields are rising. Greece will not make their June 30 payment(s...

Trading volume on the Shanghai Gold Exchange for the benchmark contract soared this week to the highest on record, according to data on Bloomberg, going back to 2002. The Shanghai Composite Index dropped more than 10 percent in the last two trading days of this...

Last year, the rage was the record-setting number of coins various mints were selling to the public, such an incredible demand that would surely impact the demand factor for gold and silver. Then the focus changed to how many tones China and Russia were buying each...