Gold Editorials & Commentary

Oftentimes, people view the market as more of a mystery than it really has to be.   When you break the market down into its most simplistic perspective, then you recognize that markets top when everyone is in, and markets bottom when everyone that wants to sell has...

Donald Trump has boldly imposed a new era of US economic policy dominated by tariffs, trade wars, and threats to the sovereignty of nations it has long considered allies (Canada, Denmark, Panama), as the second-term president aims to rewrite the rules of...

Egon von Greyerz joins Alisdair Macleod in an informal yet thought-provoking exchange on their respective journeys toward a fuller understanding of gold against a historical backdrop of escalating credit, geopolitical and financial risks.

Treasuries finished climbing solidly above a 4.5% yield on the 10YR and held above that through the end of the day (4.54% as of the writing of this editorial). That’s almost a three-month high.

MMT poses two propositions: 1) that money originates according to the theory of chartalism, that is, money is essentially created and regulated by the state; and, 2) that only “monetary sovereigns” can employ MMT policies successfully. MMT’s favorite example of a “...

Recap of the previous week in precious metals and a look ahead to the next.

Michael Hartnett just did his latest survey of his clients and reported that they thought gold was the most overvalued it's been in the last 20 years.

I’ve supported Trump since his first term, but my hopes for his success peaked a month ago when a panic-induced plunge in the S&P 500 reversed almost precisely from a 4820 target I’d sent out to subscribers. I saw this as the surprisingly quick end to a bear...

At week’s end, the Dow Jones was only 0.25% from closing in scoring position, closing above its BEV -5% line in the chart below.  This is important, as with the Bear’s Eye View (BEV), it is from scoring position that all bull-market advances reside in, as most daily...

Gold’s weekly parabolic trend provisionally flipped from Long-to-Short, and was so confirmed by the week’s settle yesterday (Friday) at 3205, a full -305 points (-8.7%) below price’s All-Time High of 3510 set this past 22 April, a mere 18 trading days ago.

We've reported often about the strong demand for gold coming from Asia and the Middle East. Along with that, we're seeing more and more gold market infrastructure built out that challenges the dominance of New York and London.

Gold is testing support at $3200. Gold sector cycle is down. Trend is up for gold & USD and down for gold stocks.

With the tariff/trade war drums fading lately, the logical conclusion is “inflation trade upcoming!” and cyclical markets – including, or even especially commodity-related stocks – gaining a bull phase as trade bottlenecks open back up.

During last month's tariff war, a big driver of stock-market declines was foreigners selling. Foreigners have stockpiled over $60 trillion in US assets -- much of it in stocks. Which puts America at the mercy of those foreigners whenever foreigners get nervous.

Gold is helping unlock mysteries of the universe. In December 2021, the James Webb Space Telescope (JWST) was launched. Over the last several years, the telescope has produced stunning images that are helping scientists to better understand the universe.

The breather in PMs and miners was likely (as I wrote yesterday). The breather was natural. And the breather is probably over. And it is not the point of today’s free analysis to discuss the very short-term events (I’m doing this in today’s Alert), but rather to...

Gold is undergoing a correction after peaking at $3,500 in our April timing window. Our Gold Cycle Indicator reached maximum cycle topping — a rare occurrence that tends to appear only once every few years.

The major gold miners just achieved their greatest quarter in history!  The potent combination of amazing record gold prices and solid cost control fueled record revenues, record unit profits, record bottom-line earnings, and record operating cashflows.  This sector...

What is the current inflation situation? If you just go by the CPI, things are looking pretty good. We got a better-than-expected “inflation” report for the third straight month. Prices rose 2.3 percent on an annual basis in April, the lowest rate since February...

Here are today's videos and charts.

In the latest Money Metals Midweek Memo, host Mike Maharrey delivered a powerful reminder to investors: stop reacting to the 30-second news cycle and start thinking long-term. With financial markets whipsawing on every tweet and press release, Maharrey urged...

A Singapore-based startup hopes to challenge New York and London's dominance of the gold market. Abaxx Exchange recently launched a physical 1-kilo gold contract. It will be denominated in dollars and deliverable in Singapore. It will be the first and only physical...

On “liberation day” the Trump administration declared economic war imposing the highest tariffs in the world averaging 24 percent, up from 2.5 percent in 2024. Then on the day the reciprocal tariffs were to take effect, he abruptly “paused” his sweeping tariffs on...

What happens when a market really wants to decline, but it gets no trigger? It’s waiting for the trigger, and waiting… And finally moves anyway, even in its absence. That’s what we see in gold and silver today. To be precise, what we now see is much more bearish...

Anyone who looks at fiat currency long enough, eyes wide open, usually comes to the conclusion that this is an upside-down world.

Treasuries finished climbing solidly above a 4.5% yield on the 10YR and held above that through the end of the day (4.54% as of the writing of this editorial). That’s almost a three-month high. Not too surprisingly whenever the main benchmark Treasury yield gets...

After slight deflation in March, prices rose again in April. The Bureau of Labor Statistics (BLS) reports that the Consumer Price Index (CPI) increased 0.2 percent last month. Over the past year, it rose 2.3 percent. “The April change was the smallest 12-month...

The chart of SPX and gold shows that volatility was hard-wired into a macro market situation that had been relatively normal prior to August, 1971.

Those golden bulls have grabbed some attention. According to the latest Gallup poll, gold has overtaken stocks and is now viewed as the second-best long-term investment in America, trailing only real estate.

Gold declined on Tuesday and Wednesday as the dollar strengthened and President Donald Trump teased plans to announce a “major” trade deal on Thursday, boosting optimism around potential tariff relief. However, gold rebounded on Thursday and Friday as the news...