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Gold Editorials & Commentary

August 7, 2016

Gold has multiple resistance zones at the $1380-$1400 level. It’s going to take some work to break through these. Gold will need some help from the dollar, which it will eventually get as the greenback will be due for its intermediate cycle low by the end of...

August 6, 2016

In my last analysis I noted that gold and the metals sector in general were too stretched above the 200-dma - and would likely have to churn for a while before the next leg up could begin. After seeing the sell-off following Friday’s employment number, I think I...

Our pace for posting commentaries will slow down for August by design over the next few weeks. Moreover, during the last week of August there will be no posting due to vacation time.

Gold sector is on a new major buy signal. Cycle is now down. Investors can cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short term is on sell signal. Silver is vulnerable to a multi week correction which is long overdue.

August 5, 2016

Over the past two weeks the precious metals complex has retested its Brexit breakout and rebounded back to the July highs. Today’s jobs report has pushed the complex lower, but has delivered an opportunity to cash heavy portfolios which have missed the bulk of the...

Technical Analysis of The Markets Via Videos.

The gold miners’ stocks have already enjoyed a phenomenal year, blasting higher with gold’s new bull market. This sector’s market-dominating performance has been amazing. Yet incredibly, the gold stocks are only now entering their strongest time of the year...

The masses do not believe this market can trend higher; sentiment is decidedly negative, and this has been confirmed time and time again. For months on end investors in the neutral or bearish camp have ranked higher than those in the bullish camp. What is...

Gold in sterling was 2.2% higher yesterday and was marginally higher in dollar terms after the Bank of England cut interest rates to all time 322 year record low at 0.25% -- and surprised markets by renewing and aggressively expanding quantitative easing or QE.

August 4, 2016

There’s much to discuss, starting with the “powers that be” utter desperation – particularly, the gold Cartel – to stave off “Economic Mother Nature” and the “unstoppable tsunami of reality” as the end game plays out right of its eyes. For example, just two days...

This graph by 720Global shows how spot on my pronouncement of a US 2016 recession is -- and how precarious the path ahead. In spite of the lack of any official declaration by the US government or its economic priesthood, I’ve stated more than once in 2016 that the...

The real issue is that there are college students that don’t want to work…but want to go to the best colleges money can buy. Moreover, the parents are encouraging this. What happened to the day you went to the college you could afford, and you worked to pay for all...

Buy gold and “real assets” and not bonds is the financial advice of the “Bond King”, Bill Gross in his latest must read newsletter which covers everything from his favoured assets to sex.

It goes without question among economists of the central planning mindset, that if a central bank can just set the right quantity of dollars, then the price level, GDP, unemployment and everything else will be right at the Goldilocks Optimum. One such approach that...

August 3, 2016

This year marks the 101st anniversary of Andrew Jackson rolling over and over in his grave. Back in 1915, the brand new Federal Reserve pasted the 7th President's likeness on its first $10 debt note – a sharp slap to the President who fought and won his famously...

Technical Analysis of the gold sector reveals a number of red flags, such as negative COT numbers and a mining sector that is at least temporarily overbought, having more than doubled since January.

We currently have record short gold positions (300k) on the COMEX, held by the commercials (read bullion banks), because they want to force gold and silver prices lower. As a result of the massive short positions, we are also witnessing record open interest...

In Elliott Wave parlance, 3rd waves are the segment of a trend move which provides the strongest market action. This is why we are always on the “lookout” for the set-ups for 3rd waves. Whereas silver has already seen the heart of a 3rd several weeks ago, we now may...

After years of buying based on progressively lower metal prices, bullion investors find themselves facing a dynamic that has been missing for a while: higher prices. That leaves them in a bit of a quandary -- and many are sitting on their hands.

August 2, 2016

For the Western gold community, the main theme for 2016 continues to be: “Let the good times roll!” GDX just raced to yet another new high for the year. My next target prices are $33 and $37. Technically, the situation is superb. There’s a momentum-style buy signal...

I read that I can’t eat gold as I munched on my 401(k) sandwich and guzzled my IRA wine, which tastes like a cheap Chardonnay. For a side dish I ate blanched twenty dollar bills and consumed a chocolate money market for dessert.

The Gallup Poll has released an Economic Confidence Index which reflects the sentiment of Americans, as it pertains to the economy. As the stock market makes new record highs and the housing "bubble" market soars, one would expect that the "average" American would...

I have compared the performance of the current gold bull market (since 2001) with the 1970s one. During the 70s bull market, gold went from $35 to $195 in the first phase. That was a 458% increase. The first phase of the current bull market took gold from $252 to $...

It occurred to us as we were laying out the contents of this article that we should probably not assume certain things. This publication has a wide readership, from corporate CEOs to high school students. The former are looking for analysis, the latter to become...

Fixed-income isn’t what it used to be. As the Wall Street Journal reports, the total amount of global government bonds that bear negative yields—meaning it costs you to have the government hold your money—has now climbed to a massive $13 trillion.

August 1, 2016

Now that the two major party conventions (RNC, DNC) are over, there will be heated debates and discussion as who will be our next president. We found one presidential election predictor is rather impressive in forecasting its results, as shown in the following...

The mainstream news sources seem determined to ignore the extent of the global slowdown in trade. Whether exports, imports, industrial production or whatever your preferred metric, the facts are undeniable. Nevertheless, the mainstream media chooses to refuse to...

We foresee a gold bull market correction, which we believe would make an excellent entry point.

There are four stages of fiat money printing that have been used by central banks throughout their horrific history of usurping the market-based value of money and borrowing costs. It is a destructive path that began with going off the gold standard and historically...

The best performing precious metal for the week was platinum, up 6.11 percent and finishing the month up 11 percent. Palladium, however, was even stronger, surging 17 percent for the month. Both metals have benefited from better auto sales in China and concerns over...

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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.

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