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Gold Market News
New York (Dec 4) - Wall Street's major indexes fell in choppy trading on Friday, with the Nasdaq tumblingmore than 2%, as mixed jobs data,... Read More
Washington (Dec 3) - St. Louis Federal Reserve Bank James Bullard on Friday called for the Fed to begin tightening monetary policy, citing... Read More
New York (Dec 3) The gold market is struggling to hold to modest gains following stronger-than-expected momentum in the U.S. service... Read More
Featured
Long term – on SELL signal. Short term – on sell signals. Gold sector cycle is down. We have liquidated all of our positions and currently in cash during this down cycle.
Silver continues to wind and grind its way toward a major multi-year low. The chart pattern is increasingly clear for those with the proper perspective. Unfortunately, over the short-run, silver is doing what it tends to do best: frustrate the...
Let’s start today’s analysis with a question that I just received: Now that gold, silver and the miners are oversold, what kind of a bounce do you expect? Why not take profits and re-short at a higher level?
Last week's action saw gold forming its high in Monday's session, here doing so with the tag of the 1853.00 figure. From there, a sharp decline was seen into Wednesday's session, with the metal dropping all the way down to a low of 1780.00 - before...
Latest Gold Articles
I had thought that prior to this week, I had seen pretty much everything when it comes to the financial press shoveling out Wall Street “spin” in order to proper up the markets prior to the end-of-year bonus-calculating period. I was wrong.
In this video, I’m talking about yesterday’s rally in gold, what it changed and, most importantly, what it didn’t change. Did you know that gold price declined by just $1.60 last week (0.09%)? Gold stocks (the HUI Index) declined by almost 4%! Let’s just say that the...
Conventional wisdom holds that stocks and gold are inversely correlated, which is to say they move in opposite (or at least unrelated) directions because they serve different purposes in a typical portfolio.
In spite of political infighting and a bipartisan reluctance for rubber stamping Biden’s spending agenda, the economy is contracting at a record pace. Holding down expenses at the expense of economic progress is getting more expensive, daily. The result is increasing unemployment, in spite of plentiful jobs and rising inflation, in spite of spending reluctance. This confluence of negative energies is generating...
The gold miners’ stocks continue to vex contrarian traders, toying with herd psychology. They blasted higher to a key technical breakout in early November, building bullishness. But that was soon dashed on the rocks as they plunged into late November, fueling...
“So you think that money is the root of all evil. Have you ever asked what is the root of all money?” -Ayn Rand Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary principles, mostly backed by gold...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts.
As we enter into the last month of 2021, I believe that many who were hoping for a return to “normal” after 2020 are a bit disappointed. While the economy has opened up a bit there are still a myriad of problems that have been created that will likely not be resolved...
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason. But also, speculative capital floods into the...
The hawkish revolution continues. Powell, among the screams of monetary doves, suggested this week that tapering could be accelerated in December!
The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand.
US democrats and republicans continue their exuberant battle over who is the best steward of the nation’s fiat money system. Interestingly, a key question may be: Is this really a battle worth fighting?
You see a commodity going down, then it reverses and starts teasing you with an upward move… only to end up declining further. Is this the case now?
During the 1923 Weimar Republic hyperinflation, newly-broke Germans burned their life savings to keep warm or carted wheelbarrows of cash to stores to buy bread and milk. This wipe-out of an entire generation’s wealth led directly to Hitler and WWII, arguably the two...
Wyoming, Texas, and South Dakota are the three most pro-sound money states in America, according to the 2021 Sound Money Index. Meanwhile, Vermont is ranked absolutely last.
Embedded sell signal in mining stocks for now. Here's our problem for gold: The price needed to retest the previous intermediate cycle highs...
Federal Reserve chairman’s U turn on inflation and taper will only increase volatility. He said that taper will be faster than expected and that inflation is not transitory. Omicron virus and the unknown will still affect price moves in metals and energies. Traders...
Did you enjoy your roast turkey? I hope so, and I hope that its taste – and Thanksgiving in general – sweetened the recent declines in gold prices. As the chart below shows, the price of the yellow metal (London P.M. Fix) plunged from above $1,860 two weeks ago to...
When caution is thrown to the wind, we begin to recognize that the market may be moving into a dangerous euphoric state from which a long-term bear market can begin. And, while it may be easier to bury your head in the sand, I strongly urge you to take to heart what I...
In Part I of this unique two-part discussion, Matterhorn Asset Management founder, Egon von Greyerz, joins Ronni Stoeferle, author of the internationally acclaimed, In Gold We Trust Report, to exchange informal yet deeply insightful perspectives on the current and...
Even though the technicals have been predicting this for several months, people were still taken aback by gold’s fall — that’s why they are booing.
Gold is used in following industries: Jewelry, Financial, Electronics, Computers, Dentistry, Medicine, Awards, Aerospace and Glassmaking.
