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Gold Editorials & Commentary

September 22, 2018

The most recent leg of the US stock market rally and the bounces in global equities, commodities and precious metals are coming as part of an “anti-USD trade”. Certain US stock sectors, most global stock markets, commodities and precious metals were pressured by the...

September 21, 2018

There is a widespread notion among investors, analysts and pundits that the escalating trade conflict between the U.S. and its trading partners is bad for the global economy. This is no stretch. The leap from there to it being bad for commodities is understandable, ...

This is one of the most unusual and interesting gold (GLD) markets that I can remember in well over a decade. There are several factors at play that include: Trade war with China becoming a currency war. India's tax situation.

Investors have pulled much capital out of gold in recent months in a major mass exodus.  Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling.  The latest record stock-market highs also suppressed the perceived...

This time is different. They always say so. But what if they are eventually right?  We invite you to read our today’s article about the history of the Fed’s tightening – in order to find out what is exceptional with the current cycle. And what does it mean for the...

Scanning the Indicators - Each morning I scan a wide range of technical indicators covering the major exchanges in the US, Canada .and the UK. As the markets ebb and flow, a range of bullish and bearish technical indicators provide valuable data for investors...

In this article, I am going to do something a little different from my usual articles and start with my perspective on market direction, and then move into the issues I see in the market today.





September 20, 2018

The global financial crisis of 2008 was essentially caused by excessive leverage, a loss of confidence in real estate credit and a resulting sudden collapse of liquidity in the financial system. The central bank response was to lower interest rates and flood markets...

Have we learned anything from Lehman Brothers’ bankruptcy? On Saturday, there was a 10-year anniversary of the symbolic beginning of the global financial crisis. So it’s a great opportunity to discuss lessons from the Lehman’s collapse and the post-crisis legacy for...

Without Googling, try to guess who said the following quote: “If everybody indexed, the only word you could use is chaos, catastrophe. The markets would fail.”

Gold stocks failed to breakout in the spring and then brokedown to multi-year lows by September. As autumn beckons, the precious metals sector at large is very oversold and could be starting a rebound. However, the fundamentals are not yet in place for a new bull...

September 19, 2018

I shall pass along my thoughts on the tenth anniversary of the 2008 bank bailouts, currency chaos and the un-precious metals in no particular order and with no specific agenda. More important, I want to pay tribute to a writer whose work I truly love, Rolling Stone...

We have some good news and some bad news for both: precious metals bulls and bears. Based on new developments it’s even more likely that we are just before the huge price decline in gold, silver and mining stocks. However, at the same time it also appears likely...

The question on the minds of many investors, is which of the precious metals will be better investments during the next market crash?  I should know because I receive this question in my email box quite often.  So, I decided to test the price action of several...

Donald Trump will go down in history for many things, including a justice department investigation into US-Russian collusion in the 2016 election, a guilty verdict for his former campaign chair, Paul Manafort, and a guilty plea by his personal lawyer, Michael Cohen...

"Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House...

September 18, 2018

With the news now behind us regarding U.S. tariffs and Chinese retaliation, the prices of many commodities were soaring on Tuesday. Many, but not all—with the exception being COMEX gold and COMEX silver. Why?

Ahead of the Fed’s key meeting next week, gold continues to meander sideways to lower. This is the key short-term gold chart. I’ve referred to the US-China tariffs as a “trade skirmish”.  Importantly, since the skirmish started, the price action of the yuan against...

Last week was full of interesting economic data. We analyze them to show that gold bulls have to be patient. The data suggest that the US economy remains healthy. So far.

This will not be a long piece. It is not a memorial to Lehman Brothers nor is it an honorarium to the system that created Lehman, then crushed it along with a wide swath of American wealth and capital as well.

September 17, 2018

Florence, now a tropical depression, made landfall in North Carolina on Friday, bringing with it destruction and calamity, the cost of which could top $170 billion, according to analytics firm CoreLogic. If so, that would make it the costliest storm ever to hit the...

Although it didn’t appear to be a breakdown, silver just closed the day (and week) at a new yearly low. Remember the day when silver moved briefly below $14? Ultimately, silver futures closed at $14.15 on that day, and they just closed at $14.14 on Friday.

December Gold has trapped bulls with fake rallies two days in a row. It dove even more steeply on Friday, the second day, falling from a 1213.80 peak recorded in the dead of night to an end-of-session low at 1197.80. This kind of price action is bound to discourage...

The best performing metal this week was platinum, up 1.40 percent as hedge funds cut their bearish outlook in the futures market. Gold traders and analysts were bullish for a fourth week in a row, as measured by a Bloomberg survey.

For about ten bucks a month, Netflix will give you all the movies you can watch, plus tons of TV show series and other programs, such as one-off science documentaries. They don’t offer all movies, merely more than you can watch. Oh, and there are no commercials.

The long-awaited dose of reality from the massive and unprecedented financialization of the global economy has finally begun. Of course, those of us who understood from the start how healthy economies and markets naturally function, knew that a viable recovery from...

– The U.S. government is “missing” $21 trillion between the Department of Defence (DOD) and Department of Housing and Urban Development (HUD). – Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial...

Much has been written regarding repeating socio/political economic (SPE) cycles.  Strauss and Howe wrote about the 20-22 year generational turns, which work in a 4 generation cycle called a Saeculum. Each Saeculum lasts about 80-88 years and includes a repeating...

After reaching a new all-time high of 2916 on 8/29, SPX started to correct until it came to a good support level which was further buttressed by an important short-term trend line (from 2700).  The decline merely skimmed the surface of support before reversing -- a...

September 16, 2018

Large precious metals speculators decreased their bearish 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.

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