Gold Editorials & Commentary

The dollar exchange rates of the metals fell this week…with that of silver falling more. Friday’s trading action was notable, because at first markets (including the US stock market) interpreted comments by Fed Chair Janet Yellen as “dovish”—i.e. low interest rates...

Idle rate-hike threats burbling from Yellen’s pie-hole on Friday generated a Whoopee Cushion rally in gold that signified absolutely nothing. Unfortunately however, the rally will likely have burned up some short-covering buying power that had kept the futures from...

Although gold is in what I would call a lateral holding pattern, the latest action is not all that encouraging. Gold and silver stocks are something else. They are most definitely weakening - and may be foretelling what gold and silver will do in the very near...

If the final trading day for 2016 had been last Friday, Gold having settled at 1324 would be (as presently 'tis) a gain of 24.8% for the year, the fifth best annual performance of the last four decades. Yet with over four months still to run in 2016, extrapolate...

The situation Americans face in the future will be nothing like anything they have experienced in the past. While we have seen old footage and heard stories about the Great Depression (starting in 1929), we have no idea how bad things really were during the 1930’s...

Following a recent keynote presentation at the Sprott Natural Resource Symposium, James G. Rickards, best-selling author and advisor to the US Department of Defense and Intelligence Communities, was kind enough to share a few comments with the Sprott’s Thoughts...

Wall Street was given a wake-up call toward the end of June when, after almost three months of dithering sideways, the DJIA fell by about 1000 points in just two days of trading. This steep fall seemed to confirm what Trump had been saying about the US economy – it...

Since July 8th the Dow Jones has seen only one day where it closed more than 1.50% from its last all-time high (Aug 2nd: -1.51%). Since then the Dow Jones has also seen nine new all-time highs, seven of them occurred in a string of days spanning from July 12th to...

Yellen seems to me to be mastering the art of saying things so that everyone can come away hearing what they wanted to hear. For those concerned about the Fed leaving interest rates too low for too long, she adopted a hawkish view on the economy, particularly when...

Investors worldwide have been on pins and needles in eager anticipation of a speech from our economic overlords. Friday morning FED chair Yellen finally opened her mouth and said a whole lot of nothing.

Recently, we analyzed briefly the consequences of Brexit vote. We stated that “the most important economic effect of the Brexit vote is so far a significant rise in uncertainty”. It applies particularly to the political future of Great Britain (Will the UK...

Gold sector is on a new major buy signal. Cycle is down. Investors stay patient and wait for the correction to complete, then cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short-term is on sell signal. Silver is vulnerable to a multi...

Seven of the nine gold miners with market capitalizations over 10 billion Cad$ have generated TD Sequential 9 Sell Setups during this year's rally. The most common reaction is a correction back to the 20-month exponential moving average. Longer-term investors should...

Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs in September. While that...

While the Fed is almost powerless these days, as it has succeeded in "painting itself into a corner," the markets still seem to think that its utterances are important and react, sometimes violently, to its apparent stance, or implied stance. For this reason we have...

Precious metal prices traded lower this week in lackluster trading, until Wednesday, when someone sold 10,000 gold contracts on COMEX. Before that event, the silver price had been hit hard, though Open Interest remained stubbornly high. Gold price fell $14 to $1324....

Technical Analysis of The Markets Via Videos.

The junior gold miners and explorers have soared dramatically in an amazing year, before falling hard this week. This sharp correction is doing its job in rebalancing bull-market sentiment, crushing greed and leaving traders wary of this sector. But gold juniors’...

San Francisco Fed President John Williams came out really dovish the other day. He said that maybe we should increase our inflation target. Translated, that means that we would be willing to tolerate a higher level of inflation before doing anything about it....

If you were to set up an investing Hall of Fame, it would be filled with names like Stan Druckenmiller, George Soros, Carl Icahn, and David Einhorn. These experts have shown an uncanny ability to surpass the market over long periods of time. They stay a step ahead...

The fate of the global economy was decided decades ago as deficits, debts and derivatives started their exponential growth and reached the time bomb phase that we are now in. This final chapter of this 100-year era will end in “a final and total catastrophe of the...

There are so many things wrong with GDP that even mainstream economists are becoming vaguely aware of its shortcomings. A good friend drew my attention to a Bloomberg article on this subject, which at least shows a growing awareness that there’s a problem....

Gold Today –Gold closed in New York at $1,324.30 on Wednesday after Tuesday’s close at $1,338.60. London opened at $1,326.75.

Gold futures saw a massive $1.5 billion liquidation in one minute yesterday, which had all the hallmarks of a “non-profit” liquidation – a large seller trying to manipulate gold futures lower rather than maximise profits.

The true value of gold is much higher than the spot price quoted in the market. This is due to several factors, but the most important reason is misunderstood by just about every economist and monetary scientist in the world today. Those who are able to understand...

The fact that this is my eighth “NIRP vs. Gold” article, spanning more than three years’ time, is all the proof you need that this unprecedentedly deformative policy is here to stay – in Peter Schiff’s words, a “roach motel” where once a Central bank checks in, it...

A fiery debate rages among investors over the question of central bank stimulus. The question is whether the stock market needs stimulus in order to advance; and is stimulus only creating a bubble which will burst at some point and lead to depression?

Gold and silver investors have strong opinions about third-party storage of metals. Privacy, the lack of counterparty risk and precious metals’ role as “crisis money” are among the most attractive features of physical bullion. So it is no surprise that many...

Social Security Pensions? Surely they are safe…the government told me they were safe. But there is more to the story, so read on. Private Pensions? State retirement accounts? An IRA or 401(k)? Equivalents in Europe, the UK, Australia, and Japan are probably similar...

Jim Grant is “very bullish on gold” due to deepening concerns of a crash in sovereign debt. The monetary historian and expert, financial journalist and editor of the investment newsletter ‘Grant’s Interest Rate Observer’ is always worth reading and listening to.