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Gold Editorials & Commentary

November 19, 2018

We have stated time and again that gold is part of the monetary system it is just not on the front burner. If gold were not part of the monetary system national (central) banks would no longer hold it, nor would it be recorded on balance sheets as a Tier 1 asset –...

Most warnings about large increases in government indebtedness revolve around future repayment obligations. For example, there is the concern that greatly increasing the government debt in the present will necessitate much higher taxes in the future.

Although gold appears to have fallen from its October rally, ETF investors and hedge funds are not showing signs of abandoning the yellow metal, writes Bloomberg. Holdings in ETFs backed by gold rose for five consecutive weeks – the longest stretch is more than a...

The Bank of England claims to be one of the largest physical gold custodians in the world, holding gold bars in vault storage on behalf of more than 70 central banks and a number of commercial (bullion) banks.

November 18, 2018

Since it made a low at 2604 on 10/29, SPX has been rallying in a choppy, volatile uptrend which should continue for a while longer before the primary trend resumes.  This is made even more likely because we are entering a seasonally bullish period which produces the...

Large precious metals speculator sentiment took a hit this week and registered a new bearish net position in the Gold futures markets, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Greetings from the high country here in Squaw Valley where yesterday (Friday) with much pomp and ado was celebrated the opening of the 2018/2019 ski season: expect that there isn't any snow. Nonetheless we've been outdoors on the tennis courts as well as hiking up '...

November 17, 2018

Our proprietary cycle indicator is up. Gold sector is on a major sell signal. Speculation remains at multi decade low, allowing for a potentially substantial short covering rally in the near future.

We can be reasonably certain that Chinese government officials approaching middle age have been heavily westernised through their education. Nowhere is this likely to matter more than in the fields of finance and economics. In these disciplines there is perhaps a...

November 16, 2018

Let’s take an in-day snapshot of gold vs. several key competitors (for your investment dollars/euros/yen, etc.) and check the progress in turning the macro from risk ‘on’ to risk ‘off’, cyclical to counter-cyclical.

The stock market has been rising, GDP has been rising, and the rate of unemployment has been steadily dropping since the Republicans took office, however, as good as news as this is, something sinister has been continuing to unfold behind the scenes.

Here are today's videos and charts:

The major gold miners’ stocks remain mired in universal bearishness, largely left for dead.  They are just wrapping up their third-quarter earnings season, which proved challenging.  Lower gold prices cut deeply into cash flows and profits, and production-growth...

Have you heard about the Everything Bubble? According to this view, virtually all financial assets are overvalued. So gold must be underpriced, right? We invite you to read our today’s article which compares the yellow metal to other assets and find out how gold...

Gold and silver have eked out slight gains this week as stock markets came under pressure due to concerns about tech and oil sector valuations, Italian banks and political and financial turmoil due to Brexit.

November 15, 2018

If you’ve run into difficulties lately finding the best gold stocks to invest in, you’re not alone. Sentiment has been down. But there are still some very attractive opportunities out there in the goldfields, one of which I want to share with you.

There were several developments in the gold market last week. First, we heard of another trader who has pleaded guilty to “manipulating” the metals market. And, everyone is up in arms again about how gold was manipulated to drop from $1,921 to $1,040 during 2011-...

China has developed tremendously in recent years. But what’s next? Is the country entering the growth recession? And how it will affect the world and the gold market?

The pound plunged against the euro, the dollar, gold and all leading currencies today as Theresa May’s UK government appeared vulnerable to collapsing and political turmoil risked creating a hard Brexit.

Before we look at tonight’s charts I would like to take a minute to discuss trading the three X leveraged etf’s. Leveraged etf’s aren’t for everyone as they can be very volatile. These instruments are for those that can take a bigger risk and still come out OK when...

November 14, 2018

It may not be enough to reverse the momentum or flip the downtrend, but another Spec short squeeze is coming. Of that, you can be certain.

Back in 2014 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time:

November 13, 2018

So this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million, while preparing its financial statements.

People say that speech is silver, silence is golden. Well, not always. The recent FOMC monetary policy statement is the best example. Lets’ read out today’s article and find out why.

At the recent London Bullion Market Association annual conference, the consensus opinion on the gold price for 2019 among 682 industry delegates was $1532 per ounce.  The LBMA offers its opinion annually and it usually falls on the conservative side of the ledger....

So far, the “traditional Thanksgiving rally” in the US stock market looks more like a rancid Thanksgiving turkey that belongs in the trash can.

Based the last few days’ headlines you’d never know the world is in year 10 of a pretty good expansion. Check this out:

Investors in Ireland, the UK and internationally can for the first time invest in gold stored in secure, professionally managed, institutional grade vaults in Dublin, Ireland.

November 12, 2018

Gold and silver investors got a rare bit of good news on the enforcement front last week. A trader from JPMorgan Chase pled guilty to rigging the precious metals futures markets. John Edmonds admitted to cheating the bank’s clients and plenty of other people naive...

Gold IRA eBook

India and the U.S. trump Italy as top gold jewelry exporters.

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