Gold Editorials & Commentary

Although gold ended the week very slightly on the up side, its roller coaster action put it into a very dangerous position. Let’s take a look at the technical picture as it ended the week.

The gold market has been under considerable pressure recently from the “policy makers.” Gold’s step sum has dropped a net of six down days since March 7th, but despite all that selling, the price of gold has been holding up pretty well.

Notice on the very short-term chart (basis 2 hours), gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart. Price is currently holding below $1212 – $1210. Initial resistance...

“Nothing ever changes on Wall Street. Speculation is as old as the hills. What has happened before in the markets will happen again.” Jesse Livermore

A solid week for stocks in the end after seeing the breakouts early in the week weaken initially. Strong closes are most important -- and that includes a strong weekly close, which we did see.

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal, traders should look for set ups to short.

Gold Stocks enjoyed a fabulous near vertical rebound into March…yet were in extreme overbought territory. We and many others called for a correction in recent weeks. Whereas other voices worried excessively about the alleged bearish construction of the COT.

It may be almost impossible to underestimate the gullibility of professional Fed watchers. At least Lucy van Pelt needed to place an actual football on the ground to fool poor Charlie Brown. But in today's high stakes game of Federal Reserve mind reading, the Fed...

The Member Update I put out yesterday regarding the US Dollar is imperative if gold and silver are going to drop to new lows as projected. The dollar must hold the 93.00-92.50 level and break above the resistance level at 100, from this 1-year consolidation.

This week's Gong Show in the global financial markets reminds me of the early 1980s before the advent of the Internet or online trading or blogs and especially before 30-something financial "advisors" were allowed to go on the national (and international) airwaves...

Gold and silver prices rose slightly over the course of this week, with the gold price up $15 to $1235, and silver up 20c to $15.38. London having been closed for Easter Monday, trading in the physical market was subdued. Futures' volumes were normal, with the...

Gold prices gained 16% in the first quarter and had their best quarterly performance since 1986. Gold made gains due to continuing ultra-loose monetary policies, diminished U.S. rate-increase expectations, worries about global economic growth, both U.S. and global...

The weapon of choice is money. To be sure central bankers utilize this weapon merciless to rain misery on the unknowing masses by purposely creating boom and bust cycles. Since Fiat was created, bankers have fed off the misery they have wrecked on humanity.

Best-selling author Jim Rickards joins Cory Fleck and Al Korelin on this weekend's radio show. The interview is one out of three segments where Mr. Rickards discusses the role gold should play in every investor's portfolio. Jim talks about wealth as defined today...

We are going to take a look using a number of visual images at what has been happening recently with the Federal Reserve, how this integrates with the federal government and the national debt, and the just extraordinary implications when it comes to retirement and...

There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort. In this article I argue that we are in the eye of a financial storm…that it will blow again from the direction of the advanced economies -- and that...

In that deservedly-famous 2006 CNBC debate between Peter Schiff and economist Arthur Laffer (in which the latter manages to be both arrogant and wrong about literally everything), Laffer celebrates the fact that "we are outsourcing our monetary policy to China."

While we were watching intently to see if the market was going to take advantage of a further bullish set up this past week, it broke support, making it clear that we have likely topped in wave i off the recent lows. However, I have to note that silver has a very...

The start of baseball season is still several days away, but a recent survey conducted by Bank of America Merrill Lynch found that 59 percent of U.S. fund managers believe the current stretch of economic growth is in its “final innings.” This is the highest reading...

Gold is up over 15% this year so far, while the gold stocks (per XAU index) have risen over 50%. But investors are skeptical about this year's gold rally…and that's a good thing. For the past several years, we have seen strong rallies in gold and gold stocks early...

Some positive developments for gold at the COMEX need to be noted. Since January 29th Open Interest surged 137,249 contracts (Blue Plot) without retarding the advance in the price of gold (Red Plot) as much as it would have in the past.

BlackRock Inc. has joined Pacific Investment Management Co. (PIMCO) in recommending inflation-linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation.

Last week began the blackout period for companies buying back their own shares, as we are nearing the end of a quarter, when stock buybacks are put on hold. It also began the bust of the stock market’s recent rally.

Gold continues to track the sideways action of the US dollar against the Japanese yen, ahead of Friday’s important US jobs report. Investors, who focus only on the USDX are focusing mainly on the action of one risk-on currency (the dollar) against another (the euro...

Gold did not accomplish very much in yesterday’s day session, or in the overnight session. On the attached Daily Gold Chart, yesterday’s low appears to have been about 1206. In the overnight session, we reached a high of 1224.70.

Stock markets rebounded solidly from their lows of February 11th, 2016, making new multi-month highs, earlier last week. The SPX rescinded 0.7% by the end of last week. These market gains can be attributed to the very bullish decisions of the European Central Bank (...

The best performing precious metal for the week was platinum, however still down -2.35 percent. Price action was driven by increased auto demand in the European Union, reports Market Realist, which rose 14 percent in February. Platinum and palladium is used in the...

"The rally you never sell"! This is a topic Jim and I have spoken of…and just recently discussed in our latest recorded chat. This is also a topic very fitting to start off with for our "gold subscribers," because of where we are economically and financially on a...

Goldman Sachs has been predicting the demise of gold for the past few years. Back in July of 2015, Jeff Currie (Global Head of Commodities Research at the investment firm) went on record predicting the price of the yellow metal would fall below $1,000 per ounce by...

In 1980 Ronald Reagan spoke about the Misery Index. An economist had added the inflation rate to the unemployment rate, called it the Misery Index…and used it to indicate the social costs and economic difficulty for the middle-class.