Let’s start with Frederic Bastiat’s 170-year old parable of the broken window. A shopkeeper has a broken window. The shopkeeper is, of course, upset at the loss of six francs (0.06oz gold, or about $75). Bastiat discusses a then-popular facile argument: the glass...

The third week of June went according to the game plan as the market’s price action just followed the white line projections as we demonstrated in real-time.

What happens to the gold price this week will likely set the trend for the foreseeable future. While many precious metals investors disregard technical analysis and key chart formations, you can bet your bottom dollar that large traders and institutions are watching...

Back on May 24, I authored my first article on gold in quite some time. As I noted in that article, there was not much for me to say until that time, as gold was clearly within the consolidation/pullback phase I had expected months before that.

“If it does move higher from here, there has been enough congestion created over the past few days for it reach between 2930 and 2950 while, during that time, remaining below the two resistance lines.”

Welcome to The Gold Update No. 501 ... and one we've been anticipating given what Gold has just done.

Gold busted out sharply higher this past week predictably after finishing its Bullish Cup and Handle pattern we were showing in development for months. Let’s take a look.

Two weeks ago the Dow Jones crashed into its BEV -7.5% line. My reaction to that was to become a bear on the stock market. Now ten NYSE trading sessions later, it’s advanced to within a half of a percent (0.41%) from its all-time high of last October 3rd. I became a...

The US Federal Reserve, the country’s central bank, did what many expected on Wednesday, and held interest rates steady, while signaling that a rate cut is on its way.

Here are today's videos and charts.

Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks,...

Bullion’s powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven’t tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it’s about to ratchet up the...

Gold prices surged to a new six-year high today after markets digested the U.S. Federal Reserve signaling a move to looser policies and other central banks including the ECB made similar dovish signals.

The Federal Reserve announced they were leaving rates unchanged on Wednesday, June 19.  The markets were expecting this or a quarter percent price decrease.  Initially, the markets reacted to the news by moving to the downside recently. The markets immediately...

Gold has finally broken out to the upside. In Asia trading on Thursday, Gold exploded through the $1360 to $1370 resistance zone and was able to hold the gains throughout the day, closing above $1395/oz.

Many, many years ago, long before central bankers became rock stars, and during an era of true free market capitalism, to even imagine a Fed funds rate of 2.5% was to paint a backdrop of high unemployment, negative growth verging on depression, and sagging asset...

Super Mario delivered a surprisingly dovish speech. But he was shortly outshined by Super Jerome. Both key central banks have sent new signals to the markets for interpretation. Let’s read the tea leaves and make sense of the initial reaction in the gold market.

Gold closed at $1348 today according to Stockcharts but is now much higher at $1365 as I write this update.  My two longer-term weekly charts on GLD show the potential for a massive upside breakout where price could really run hard & fast.

In March 1980, the University of Washington installed a seismograph system designed to monitor earthquake activity in the Cascades, with a focus on increased seismic activity around Mount St. Helens.

It’s not a chart of nominal HUI with upside technical targets. We’ll do that in NFTRH this weekend, along with the usual individual miners. Rather, it’s a companion to other charts we’ve been reviewing over the last several months showing the under valuation of the...