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15 hours ago
New York (May 20) By the beginning of last week’s Friday session, gold prices had slumped to their lowest point this year so far. The anti... Read More
15 hours ago
New Delhi-India (May 20) Gold prices softened by Rs 40 to Rs 31,950 per ten grams at the bullion market on Saturday owing to slackened... Read More
15 hours ago
Mumbai-India (May 20) Both, gold and silver prices slipped during the week at bullion market following reduced investors offtake and... Read More
 

Latest Gold Articles

Well there 'tis, clear as day, for it must be the month of May: as glaringly depicted above in "Gold by the Week", price has now not only printed a new low for the year, but has also returned sub-1300 into Neverland, (aka "The Whiny 1290s"), settling the week...

Summary Dollar strength, yen and euro weakness still weighing on the gold price. Dollar/yen ratio suggests a short-term bottom for gold is near, however. Don't expect gold bottom until dollar index breaks its 15-day tre...
A bit longer than a week to go! However, the quiet times can be very deceiving. As the analogy of a deep river that was used recently suggested, while the surface may appear placid with only small ripples to show movement, there could be strong cu...

Most Americans don’t know, but the housing market is heading toward another epic bubble.  However, the bubble forming today is much different than the subprime housing meltdown in 2007.  Back in 2007, there was an oversupply of homes, whereas today...

Here’s a BEV chart for the Dow Jones going back to January 1982. The BEV plot fell to its -25% line (Dow Jones 777) in August 1982. This was a historic bottom; after it nothing would ever be the same again for the stock market. Since 1966 the Dow ...

For nearly four months now, gold has been pressured lower by a rising dollar; the inverse correlation has been almost exact. Gold has dropped 5.2% from its January 25, 2018 close of $1,362 to its May 16 close of $1,291.50. Meanwhile, the US dollar index has risen 5....

Here are today's videos and charts.

The major gold miners’ stocks are still largely grinding sideways, mired in a bearish sentiment wasteland. Traders tend to assume low stock prices must be righteous, reflecting weak fundamentals rather than poor psychology. But once a quarter earnings seasons’...

We cannot value gold. It does not generate any cash flows, which we could discount. But it doesn’t mean that the price of gold changes randomly. Market sentiment is powerful in the precious metals market – but the same applies to other markets (after all, humans are...

There seems to be a lot of misinformation being peddled on the internet about gold and bitcoin.  One major misconception is the notion that bitcoin will replace gold as a monetary instrument.  Some analysts, once stanch precious metals advocates now turned crypto...

Is ‘Welsh gold’ more valuable than gold mined from anywhere else? Some believe it is. Others believe this is just hype ahead of the big day for Harry and Meghan.

As the title notes, we are finally getting that 5th wave down in the GLD after weeks of meandering. Moreover, not only are we getting that 5th wave down, the 3rd wave within this 5th wave down extended beyond the 3.618 extension of waves i and ii down.  And, such a...

Platinum Week in London has heard that prices are forecast to stabilize in 2018 as the metal gains from its correlation with gold but demand continues to suffer from the diesel scandal and a poor outlook relative to sister-metal palladium.

It is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed shadow chancellor in 1965. It is no longer used in its original context. From Hansard (the official record of parliamentary...

We are now in the final stages of a journey which by future historians will be seen as unreal as Lewis Carroll’s “Alice in Wonderland”. Just like Alice called the “Mad Tea Party”, “the stupidest tea party she had ever been to”, the last 100 ye...

Many of you may remember the great debate between then Congressman, Dr. Ron Paul and then Federal Reserve Chairman, Ben Bernanke, when Dr. Paul asked Mr. Bernanke if gold was money. The look on Bernanke’s face is absolutely priceless.

In recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in...

For more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven’t seen since November 2014. Gas prices are likewise trending up, as I’m sure you’ve noticed. According to the American Automobile Association...

On May 1st, we knew that the precious metals sector was starting a 2-week rally based on cyclical turning points, apex-based reversals, and True Seasonality for May. The rally is over, the profits cashed in… And growing once again thanks to the new short position....

Not sure how much more “radically undervalued” gold could be than it is today. The bullion banks and “market makers” are doing their level best to ensure the undervaluation remains in place – and possibly moving lower.

As a recovering Gold bug I have great sympathy for what die-hard bitcoin fans are about to experience. Years and years of grinding lower with the occasional wicked spikes up that bear markets are known for.

 “There’s a lady who’s sure…All that glitters is gold…And she’s buying a stairway to heaven.” Led Zeppelin released the iconic song “Stairway to Heaven” in 1971, shortly after President Nixon released the dollar from gold backing. The dollar plummeted in purchasing...

As we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average.

Most analysts in both the gold and mainstream investment communities seem to be in “summer doldrums” mode. They are nervous about stock markets because of rate hikes and the late stage of the business cycle. That’s understandable.

Last week we discussed the fundamentals of gold, which do not appear bullish at the moment. Real rates (and yields) are rising and investment demand for gold is flat. That in itself is a temporary but big missing link. However, we are referring to...

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases.  While the Chinese and Russian governments have been adding gold to their official reserves over the past several years, Turkey added 86 metric tons...

Daily Gold Chat Recent Posts

Au Gratin: One 666, silver's high for the day AGAIN. Friday the 13th, 2018
chris-d: > With a rising US deficit, it will become ever more difficult to finance the US trade and...
Brett Star: Bloomberg....a step above the pundits, the Bitcoin theory may work. https://www.bloomberg.com/.../...
The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.