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Gold Editorials & Commentary

August 9, 2018

Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold?

Corruption in government is universal, now and throughout history. Like living with gravity, we realize it exists and carry on because we must. Fort Knox gold questions are like corruption and gravity. There are issues but we move on. Consider:

Leuthold Group has sounded the alarm on a valuation metric that shows the S&P 500 is twice as expensive as it was at the peak of the tech bubble. This development could have large implications for stock investors of all types, particularly value traders who make...

August 8, 2018

There are many who focus on the mining sector being poor places to invest because miners have a history of poorly allocating capital. But there is a segment within the mining sector, particularly the gold sector that many investors miss, is the royalty &...

We’re getting there. Inch by inch, we’re moving closer to the tipping point of the decline when the slow, regular, and somewhat boring move lower turns into a violent drop. Yesterday’s session was still in line with the less exciting manner of declining, but we saw...

Something took place in the gold industry that I thought would never happen.  In a stunning press release, Franco-Nevada Gold announced that it was taking a financial stake in U.S. shale energy assets.  Why on earth is one of the top gold royalty companies investing...

There is nothing bullish happening on the gold and silver charts. Nothing bullish on the miner Index/ETF charts. Nothing bullish on the HUI/Gold ratio. In other words, when it comes to a segment as volatile and sentiment-dependent as the precious metals, we are in...

There’s a saying in the trading world: professionals buy pullbacks and sell rallies, while novices buy breakouts and sell breakdowns. Mike Matousek, head trader at U.S. Global Investors, discusses this idea and applies it to the gold price, which is resting near the...

Today we’re bringing you another clip from our upcoming Episode of the Goldnomics Podcast with the legendary investor and “Adventure Capitalist”, Jim Rogers.

August 7, 2018

Welcome to Proven and Probable. I'm your host Maurice Jackson. Joining us for a conversation is Trey Reik, senior portfolio manager with Sprott USA.

For the world gold community, another great day is underway. The news flow is very solid today, and so is the price of gold itself.

157,000. Is that few or many? And what does it mean for the gold market? Let’s read our article about the recent employment report and find out!

Shifting to the October contract yields a compelling downside target at 1197.70 that can replace a projected range of 1192.70-1201.10 given here earlier for the August futures. As always, I’ll recommend bottom-fishing this Hidden Pivot support aggressively only to...

Gold’s sharp decline over the past month serves as little surprise to the investors who want the asset to perform in just this fashion—that is, as an alternative to assets perceived as risky, like stocks.

August 6, 2018

On Thursday, the HUI Index just broke below the December 2016 lows (in terms of daily closing prices), but it reversed on Friday and closed the week back above this important support. Invalidations are often more important than breakdowns. Consequently, did Friday’s...

Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of coffee has jumped nearly 87,000 percent, according to Bloomberg’s Café Con...

Gold has had a rather hard time of it during the past several months, as we can see on its latest 1-year below, but its drop has been proportionate to the rally in the dollar, and is therefore unremarkable. What this drop has achieved, which is a useful precursor to...

Explaining a new paradigm can be both simple and impossible at the same time. For example, Copernicus taught that the other planets and Sun do not revolve around the Earth. He said that all the planets revolve around the Sun, including Earth. It isn’t hard to say,...

The US Government is going to surpass another significant milestone this year.  According to the recently released data from the TreasuryDirect.gov, the government will fork out a stunning half trillion dollars just to service its debt in 2018.  Unfortunately, as U....

The past few months have added some cred to the “sell in May and go away” rule of thumb for precious metals, as gold’s price action has been both boring and depressing. It’s now close to its 12-month low, while a lot of miners are providing material for the old joke...

We are delighted to announce a very special guest for our next episode of the Goldnomics Podcast, due for release later this week. We recently had the opportunity to speak with the legendary investor and adventure capitalist Jim Rogers.

August 5, 2018

On 7/25, SPX ended a 156-point rally from 2692 to 2848 and started to correct. During a normal correction, an index retraces .382 to .50 of the uptrend which just ended. The lesser retracement would have taken the index back to about 2788, but instead, it made an...

Large precious metals speculators continued to reduce their bullish bets 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.

"Oh woe is gold! The Fed shall further raise its rate! Oh woe is Gold! The Dollar is looking all so great!" We interrupt this conventional "wisdom" with the following friendly reminder:

I had some personal matters to attend to this week; that plus nothing much had happened this week in the markets to write about, so this article will be shorter than usual.

August 4, 2018

Long-term – on major buy signal. Short-term – on sell signals. Gold sector cycle is down. COT data is at a compelling level for a major bottom. From a contrarian point of view, the current extreme bearish sentiment is an excellent buying opportunity for long-term...

August 3, 2018

With the end of July I thought it was important to take a look at the monthly charts which carry more significance than weekly and daily charts. Visible trends on the monthly charts obviously carry greater weight than those on the weekly and daily charts. Monthly...

In essence, if you are going to war, make sure the costs of war is borne by the enemy, not your own people. Instead of saying, “trade wars are good and easy to win”, Mr. Trump would be wise to follow the ancient general’s advice. Winning a trade war is not so easy,...

The gold miners’ stocks have suffered a psychologically-grating year so far.  They’ve remained trapped in their vexing low-consolidation trading range, disheartening and driving away the great majority of traders.  But that should soon change as this deeply-out-of-...

This month I have adopted a change in format, hopefully you have read the articles and are willing to take a test on your gold knowledge and see how well you fair? ou merely need to answer “Yes” or “No,” to the initial question. You can rate yourself at the end....

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