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Gold Editorials & Commentary

November 6, 2018

As the Federal Reserve continues to hike interest rates, the bear case for gold seems to be gaining strength. However, this assessment could be premature, causing investors to potentially lose out on a lucrative position in gold.

This is the big picture chart for gold. From both a technical and fundamental perspective, gold looks solid. This chart suggests that whatever happens in the US election, it’s going to be positive for gold.

Gold is the metal of kings, the ultimate money, an eternal store of value, an untarnishable embodiment of beauty. Gold is all those things. But it is not the most valuable metal you can own on a cost-per-ounce basis.

CARACAS – Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.

November 5, 2018

USDX’s Friday’s close was its highest weekly closing prices of 2018. This is an extremely significant confirmation of the bullish outlook for the US currency that followed the verification of the breakout above the inverse head-and-shoulders pattern. The...

The world is more fragile today than it was in 2007. That’s the opinion of former derivatives trader Nassim Taleb, whose bestseller, The Black Swan, is about how people make sense of unexpected events, especially in financial markets. True to form, he made a whole...

There has been a lot of media coverage recently about the re-emergence of central bank gold buying and the overall larger quantity of gold than central banks as a group have been buying recently compared to previous years. For example, according to the World Gold...

The best news I could ever impart upon the world of gold and silver owners would be that the Great Intervention Bull Market of 2009–2018 in common stocks has ended and that the world is going to gravitate back to the traditional safe havens used by savers for over 5...

Terry Goodkind wrote an epic fantasy series. The first book in the series is entitled Wizard’s First Rule. We recommend the book highly, if you’re into that sort of thing. However, for purposes of this essay, the important part is the rule itself:

So, I heard that good news is now bad news and bad news is now good news in the market. Or was that bad news is bad news and good news is bad news? Or, was that bad news is bad news and good news is good news? To be honest, I just can’t keep up with all the...

The Precious Metals sector continues to be viewed with disdain and skepticism by the vast majority of investors, which is exactly what you want and expect to see at the earliest stages of a major bullmarket. However, the charts continue to shape up well, as we will...

November 4, 2018

“…it is becoming increasingly likely that the initial low of the bear market will occur at about 2600.” That forecast published in last week’s letter turned out to be correct, as SPX made a climactic low at 2604 and immediately rallied 70 points in two days to seal...

Large precious metals speculators reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Gold's last three weekly settles have respectively been: 1230, 1236, and now yesterday (Friday) at 1235. Moreover, gold has settled in the 1230s for eight of the last 11 trading days. "BUT"...

November 3, 2018

Our proprietary cycle indicator is up. Speculation remains at multi decade low, but short covering has begun with specs back to net long. A tradable bottom remains in place.

It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters amplified by the media at the time.

After a volatile month, which is being called “Red October,” our latest video update was released and we considered the sharp fall in stock markets globally, falling property markets in the UK and Australia and gold’s safe haven gains in all currencies.

November 2, 2018

Here are today's videos and charts:

The gold miners’ stocks suffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rally gets underway, gold stocks’...

It has been a rough year for gold stock investors. Since gold failed to break to the upside and the US Dollar bottomed, gold stocks have been in a strong downtrend. In September they hit two and a half year lows.

The next credit crisis poses a major challenge to China’s manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer demand. Dealing with it is likely to be the...

A very significant, very loud, very nasty warning signal has been given. It is extremely important for those who choose to live in the world of reality, and not the fantasy world from the US financial markets. The Reich theme of sluggish economic recovery is a total...

The price of gold appears to have bottomed, after declining since 2011. Here is a look at the weekly trend.

In our latest video update, we consider the performance of markets in a volatile October. Stock markets globally fell sharply while gold acted as a hedge in all currencies, rising 1.7% in dollars, 4.4% in euro terms and 4.2% in sterling terms.

November 1, 2018

Trump is going to influence the US monetary policy or even to destroy the Fed’s independence. This is what many analysts say after the recent President’s comments. But are they right? We invite you to read our careful examination of Trump’s remarks about the Fed’s...

Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I’d flagged. The futures have since made a tentative bottom 0.60 above the $...

As the stock market bull potentially nears the end of its run and we head into the last two months of 2018, many investors are making adjustments to their portfolios. Over the course of my travels and in conversations with other industry experts, I’m constantly ...

October 31, 2018

Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar...

Not much happened yesterday on the precious metals market, but the situation became more bearish anyway. Why? Because the factors that impact gold, silver, and mining stocks don’t come only from the PM market itself. In today’s globalized economy, no market can move...

A small move in price enables The Banks to lay the shorts right back on. Just three weeks ago, we warned you to ignore newsletter pundits who were claiming that one day soon, The Banks that operate on the COMEX will be long and on the side of the regular investor/...

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