Gold Editorials & Commentary

Sterling gold rose 1.3% today as the sterling currency slumped again after the UK set a March deadline to start their ‘Brexit divorce’ proceedings from the European Union and on deepening nervousness regarding a ‘Hard Brexit’.

While SPX has resisted entering into a more serious correction, there is evidence that, unless it can make a new high over the next week or so, the corrective pattern will become steeper as intermediate cycles drive prices lower over the next few weeks.

On Wednesday, crude oil gained 5.33% as a combination of another drop in crude oil inventories and unexpected OPEC deal supported the price of the commodity. In this environment, light crude bounced off important support lines and approached Sep highs. Will oil...

These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no! Just the opposite. Each part of the FIRE (Finance, Insurance, Real Estate) economy is imploding as “modern” finance hits the wall....

Tedious – that’s how I’d describe the stock market for the past six weeks. Everything is on hold until Janet Yellen finds the courage to euthanize the bulls on Wall Street with a few rate hikes. It will be a real tear-jerker, but it won’t take much to get the job...

This will be our last weekly commentary on the markets. What we know for certain is that the globalists have a stranglehold on the markets, and more importantly, a stranglehold on all Western nations to the point where life has become a theater of the absurd,...

The trading month doesn’t always end on a Friday…but when it does we like to take a look at the monthly charts. Generally, I prefer daily and weekly charts, because they have more data points. However, monthly charts carry more significance than weekly charts which...

Three months and what do we have but a steady slightly negative drift in the price of gold. However, nothing lasts forever…so we just might see some volatile action soon. What will precipitate it? Who knows? And in what direction will this volatility move?...

Stocks are experiencing great strength now after the Fed meeting and decision to keep rates on hold, as expected. There is just no reason to hike rates until after the elections, meaning December is the earliest possible rate hike in my view.

Both gold and silver were down last week, particularly following the September 26, 2016 debate, as gold and silver would prefer a Trump presidency. Odd, as both candidates would be positive for gold and silver.

Gold sector is on a major buy signal. Cycle is up. We are moderately invested. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.

The title was not meant as a play on words in reference to Operation Twist, but now that I think about it, maybe it should be. The Post-Twist financial world is far different than it was before the genius that is Ben Bernanke’s ‘bigger than yours or mine’ brain...

Technical Analysis of The Markets Via Videos.

Since early July already the goldmarket is caught in some form of an agonizing and confusing sideways consolidation. Every time it looks like it is about to break out to the upside it´s coming back down. The series of lower highs is certainly not very convincing yet...

Quite a few rallies in the recent months were preceded by the mining stocks’ outperformance relative to gold - and we just saw the same kind of phenomenon on Wednesday – i.e. GDX rallied while gold declined. Is the bottom in?

The world economy is now at its most dangerous point in history. In virtually every major country or region, there are problems of a magnitude which individually could trigger a collapse of the financial system. Because of the interconnectivity of the system, when...

When the next financial crash occurs, investors need to understand which of the top four precious metals are the best to invest in. Unfortunately, there has been a great deal of faulty analysis that has misled many investors about the fundamentals of gold, platinum...

Time for a reality check. The market has had nothing but positives for three months now. BREXIT was contained. The Fed failed to raise rates again. The Bank of Japan and European Central Bank are printing a combined ~$180 billion per month (a record pace) and using...

President Obama just had his first veto override of his entire presidency today, as the Senate and House both voted to override his veto of the 9/11 victims bill, Justice Against Sponsors of Terrorism Act (JASTA). As of this moment, the Sept 11 bill is now law.

The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have...

Steve Saville: “…there is no limit to how much new money the central bank can create.” The Federal Reserve – the central bank of the United States – issued over $16 trillion in loans, swaps, guarantees and more following the 2008 financial crisis. They also...

Nineteen years ago, South Korea came precipitously close to bankruptcy. The Asian financial crisis had spread like a virus. Thailand, Malaysia, Singapore and other Southeast Asian countries were all affected, inciting fears of a global economic meltdown if the...

In an epic meeting of economic intellects, Peter Schiff and Roy Sebag talk about Goldmoney’s recent acquisition of SchiffGold and the coming revolution in value transactions. Peter and Roy also discuss the special properties of gold that make it the best standard...

If you remember, two weeks ago, the sentiment in the metals complex was quite bearish. Yet, as I noted last weekend, I had an issue with an immediate drop lower:

Some say the US dollar may die five days hence. The Chinese renminbi will kill it. Much is being made of plans by the International Monetary Fund (IMF) to add the renminbi to its basket of strategic reserve currencies called Special Drawing Rights (SDR). The IMF...

The global securities market got a surprise recently when US core consumer price inflation crept up to 2.3% year over year in the month of August. This closely followed core measure, which strips out the more volatile food and energy costs, increased 0.3%; this was...

"Fracking has changed the world, there's not a question about that. We continue to find frackable lands here in the United States, Apache just announced a huge new find in Southwest Texas that they think might have as many as two billion recoverable barrels of crude...

If gold is to move substantially higher and retain the bulk of those gains, inflation needs to become a significant concern.

Gold is in the process of beginning a multi month-correction. Nonetheless, we expect one more run up in price - and are targeting the high $1300 area as a top. Then we expect a correction to last through the first quarter of 2017 when a significant bottom will occur...

What does it mean to “own” something? It’s a question you should be asking … especially if that something is gold. The Oxford English Dictionary defines ownership as “the act, state, or right of possessing something.” That sounds about right. But what does it mean...