Gold Editorials & Commentary

What to know about last week’s tariff-driven spike and drop in COMEX gold futures, and what it means for gold’s next move. What began as a quiet week for gold took an unexpected turn on Thursday afternoon when speculation emerged that gold bullion imports into the...

n the early hours of trading on Friday, August 8, 2025, global markets were shaken by the announcement of a 39 percent tariff on imported gold bars weighing 100 ounces or more by the Trump administration. US December gold futures reached an all-time high price of $3...

The best performing precious metal for the week was silver, up 4.34%, snapping a three-week losing streak with six consecutive days of gains. The People’s Bank of China increased its gold reserve in July, marking nine straight months of purchases that are helping it...

There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves. The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last time the...

For the second straight month, consumer borrowing was weak, indicating Americans might be close to their credit limits. Over the last several months, credit card spending has dropped, signaling that Americans may be running out of borrowing power. This is bad news...

As the governments around the globe continue to run up their debt tabs, they usually have very little to say about how those ultimately gets repaid.

With U.S. tariff policy by Tweet changing almost daily, VON GREYERZ principals Egon von Greyerz and Matthew Piepenburg sat down over the weekend to address Trump’s latest 39% import duty on Switzerland – but within hours of the recording, and as Egon surmised...

Back on 25 July, Gold’s weekly parabolic trend formally flipped from Short-to-Long. Price’s settle this past Thursday (3483) in turn confirmed Gold’s daily parabolic trend also flipping to Long

The Dow Jones, since late June, has daily closed within scoring position; within 5% of its last all-time high of December 4th 2024.  It has come really close to breaking into market history, by closing above last December’s 45,014.04.  But as of this week, it’s been...

Well, Citibank just did a complete 180 on gold... and now forecasts new record highs before the end of the year. Just six weeks after lowering its forecast and warning that gold could drop below $3,000 before the end of the year, Citibank now projects gold will hit...

Gold sector cycle is up. Trend is up for gold stocks and USD and down for gold. We are now invested in UUP.

Would you trade fiat dollars for common bottle caps? Probably not, right? Not unless they were some pretty special bottle caps. After all, you’d be trading money for a worthless scrap of metal you can find along the shoulder of pretty much any road.

The dominant gold-stock benchmark is closing in on all-time-record highs.  With the last one witnessed an astounding 14 years ago, the next will be a momentous sector milestone.  New records will attract much attention to gold stocks, accelerating capital inflows to...

Here are today's videos and charts.

Mike Maharrey kicks off the Money Metals Midweek Memo with a confession. Over a decade ago, he almost turned down a role in the precious metals industry—because he didn’t want to be called a “gold bug.” The term carries baggage, conjuring images of paranoid preppers...

Gold inflows into ETFs through the first half of 2025 hit levels not seen since the pandemic, and that trend continued through July. According to the latest data compiled by the World Gold Council, 22.8 tonnes of gold valued at around $3.2 billion flowed into gold-...

Last week, the Federal Reserve seemed to take note of the increasing speculation about the possibility of revaluing U.S. gold reserves to improve the financial position of governments and central banks, enabling more money creation and debt reduction.

While most retail investors in the West are still trying to figure out how to spell gold or silver, conditions in the East remain quite a bit different. Especially as China's Shanghai gold stockpile has surged.

Gold represents financial security – even when the world is against you. Russia has used its extensive gold holdings to keep its economy afloat in the midst of aggressive Western sanctions after it invaded Ukraine. Recent reports indicate Iran is doing the same.

If the jobs are collapsing and it's not just a one-time thing and the inflation is strong, we got stagflation. This is why gold is strong.

We're finally seeing a somewhat calmer day in the gold and silver markets. Although there's plenty happening beneath the surface, including the size of the bank short positions, that we will be seeing the effects of later this year.

Here is the planetary representation I came up with called the Macrocosm. The larger the planet, the more positively relevant to gold mining macro fundamentals.

Although gold has been relatively quiet in recent months following a strong start to the year, many investors have lost interest or assumed the rally has run its course. 

Tuesday is often quite a soft day for gold. There are numerous theories about why it happens, but the more important news is if there is softness today, it could mark the final low before a powerful surge to $3800 begins.

Citibank just did a 180 on gold and now forecasts new record highs before the end of the year. Just six weeks after lowering its forecast and warning that gold could drop below $3,000 before the end of the year, Citibank now projects gold will hit $3,500 an ounce...

As gold has recovered following last week's selloff, one of the banks just issued a gold price target upgrade. Although let's just say Citi didn't exactly make the boldest call in history, as they forecast gold hitting $3,500 by November.

Miners moved quite sharply higher – just as the general stock market did, but… There are only two charts that really matter right now – and they both feature the USD Index.

The best performing precious metal for the past week was gold, up 0.56%. Gold regained ground this week, breaking a two-week run of losses when the weaker than expected U.S. jobs growth was reported and prior numbers being revised down too. This sparked a rally in...

In a compelling episode of the Money Metals Podcast, host Mike Maharrey sits down with Frank E. Holmes, CEO and CIO of U.S. Global Investors and Executive Chairman of Hive Blockchain Technologies, for a wide-ranging discussion on gold, platinum, interest rates, the...

Higher prices appear to have put a drag on central bank gold buying. However, the pace of expanding gold reserves remains far above the historical average.