Gold Editorials & Commentary

Our recent analysis suggests we may be setting up to repeat history in an odd and dangerous manner.  As market technicians, part of our job is to work with numbers, find patterns and attempt to predict future price moves in US and Global markets.

SPX gave us plenty of warning that it was about to embark on an intermediate-term correction.  As it usually does, it came suddenly and, as of Friday, the initial down-thrust is probably still incomplete and should continue into early next week when the low of the...

The big move for speculative traders last week came from shorts covering not longs adding to positions. The reason why was the escalating tensions between the US and North Korea as evidenced by the charts.

Whether driven by NorKNoise, or just plain ole common sense, Gold further reinforced its recent firmness in all but tapping the year-to-date high (1298.8 on 06 June), reaching up to 1298.1 yesterday (Friday) before settling out the week at 1295.0.

This week wasn’t all wine and roses.  Monday closed with the Dow Jones Index at a new all-time high, but it was downhill for the rest of the week.

Ok, maybe it is not fair to call years ending in seven a curse. But years ending in seven have had a checkered record. Since 1830, the Dow Jones Industrials (DJI) has recorded nine up years and nine down years ending in seven. Years ending in seven have the second...

The war of words between the TiC (Tweeter-in-Chief) and the LiC (Lunatic-in-Chief) has little to do with the financial market’s intermediate-term fate. In the very short-term? Sure, man, machine, casino patron and Mom & Pop will fly in and out of stocks as the...

Gold sector is on major buy signal since early 2016. GLD is on short-term buy signal. GDX is on short-term buy signal. 

Here are today's videos and charts.

The gold miners’ stocks have largely ground sideways this year, really lagging gold’s strong rally. That lack of upside has decimated sentiment, leaving a bearish wasteland bereft of hope. But this deeply-out-of-favor sector is actually a coiled spring, ready to...

Mad Magazine introduced Alfred E. Neuman (What, Me Worry?) in the 1950s. He did NOT become a central banker. That is “fake news.”

Gold is up 2.3% this week and silver has surged nearly 5.3% as stocks sell off on geopolitical risk. Billionaire fund managers and commodities experts increasingly positive on gold. Risks are rising, and everybody should put 5% to 10% of their assets in gold – Dalio...

Man, do I keep crazy hours!  Seriously, I am now averaging four hours per night of sleep; to which I can only say, thank goodness for my 24/7 gym, and a laptop equipped with hundreds of podcasts, and thousands of Amazon Prime TV shows and movies.

Looking out to sea at the huge winter waves crashing upon the Cape Town shore, it’s hard to imagine what the first local tribesman thought when he saw, in the distance, Vasco De Gama’s tiny Portuguese ship sail round the Cape of Good Hope, heading out towards the...

I’m pleased to share with you that our China Region Fund (USCOX) beat its benchmark, the Hang Seng Composite Index (HSCI), by an impressive margin for the one-year, three-year and five-year periods, as of August 1. The fund has closely tracked the HSCI, but since...

The U.S. Dollar (DXY Index) hit a low of 92.55 last week and has since moved up just about 1% off of that low. While not a huge gain from a percentage point of view, given the U.S. Dollar's fairly deep fall since the January highs this is a relatively significant...

Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst. This week, another financial elite, Jamie Dimon, CEO of JP Morgan, has said the same thing.

Just a few months ago President Trump offered an olive branch of sorts to North Korean dictator Kim Jong-Un. In a series of interviews Trump referred to Kim as a ‘pretty smart cookie’ and one who he would be ‘honoured’ to meet.

Gold is consolidating the recent rally. That rally (basis December futures) moved the price from the $1210 area up to about $1280.

One of the major gold market indicators experienced a major shift in 2017.  If we look at this gold indicator over the past several years, this recent trend reversal suggests something has fundamentally changed in the gold market… and in a BIG WAY.

American Silver Eagles (ASE) sales are way down for the year but seem to be on the rise, while American Gold Eagles (AGE) sales have been down and are off by a substantial percentage compared to all other years.

The 1929 stock market crash became the benchmark to which all other market crashes have been compared. The following graphs of the crash of 1929 and the Great Depression that followed, the dot-com crash, and the stock market crash during the Great Recession show...

The Fed has been trying to create the illusion that inflation is an issue. The guys from the hard money camp also maintain that inflation is an issue and to a point they are right. Their definition of inflation is an increase in the money supply. The Fed, on the...

Hallelujah! Happy days are here again. The jobs report released on Friday August 4, 2017 was a banner one. 209,000 jobs were created in July, well above the expectations of 180,000 jobs. Better still, the June jobs numbers were revised upwards to 231,000 from 222,...

Last week, the VIX, which is the fear gauge for the broad market, hit an all-time low of 8.84. For the majority of 2017, investors have been completely indifferent to external threats to their portfolios and have kept on buying U.S. equities.

The best performing precious metal for the week was platinum, up 3.10 percent on money managers cutting their bearish views on the metal in light of the new Russian sanctions signed into law earlier in the week.  Russia is the world’s second largest producer of...

In July, the Institute for Supply Management’s (ISM) Non-Manufacturing Index fell to an 11-month low of 53.9, 3.5 points below its June reading of 57.4. The index measures the non-manufacturing, services industries such as food services, education, real estate,...

There was some important price action in the Precious Metals Complex this past week as both gold and silver each tested important overhead resistance again. Always keep in mind that time is relative when it comes to the size of big patterns vs smaller patterns. When...

With the low of the 20-wk cycle about two weeks away, SPX has several options for the near term which are discussed above. One of these is still to extend its rally to the 2500 projection target, but it must start immediately, or it will be temporarily deferred or...

Let me show you why I keep stressing that traders should focus most or all of their capital in the stock market.