Gold Editorials & Commentary

HSBC, the fourth-largest bank in the world, is predicting that the price of gold will be up 10 per cent by the end of this year and finish the year worth around $1,225 an ounce. Gold is down six per cent year-to-date.

How is it that the paper price of gold can be on the verge of collapse, while oddly enough the demand for the physical precious metal itself can barely be met by the supply?

Stan Druckenmiller is going big on gold. Moreover, Druckenmiller is one of the world’s most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%.

But will the gold price and silver price hold? Various commentators have said over the past few weeks that the precious metals have been subjected to what seems desperate action from the intervensionists to prevent a rising trend. It is also noticeable that at the...

Gold is very different from all other commodities. This is due to physical characteristics that caused it to be money for thousands of years and led to its aboveground supply becoming orders of magnitude greater than its annual production*.

The short and simple answer to this question is yes! Some will say--that is just my opinion. I could show you numerous equations proving the gold stocks were cheaper in 2008 than today and vice versa using similar metrics.

In the past, the topic of "backwardation" has come up -- and I've tried to write about and simplify understanding it.  We now have backwardation deeper and further out than anything we've seen in the past. Therefore, it's time again to visit this anomaly. 

As we noted in a recent article, bear markets typically are caused by one of two things: a recession or tight monetary conditions. For example, the 2000-2002 bear market featured a rough economic period in 2001 (see table below).

The inherent risk associated with the junior mining sector steers many prospective investors away from opportunities. Commonly cited reasons for resistance include the speculative nature of the properties being prospected and foggy relationships with governmental...

Stronger than expected US retail sales data undercut some of the recent safe haven trades (buying bonds, the yen and gold) sending all three lower in today’s session. For the first two weeks of August, retails sales are up 1.7% versus a year ago and up 0.3% from...

Stan Druckenmiller is going big on gold. Druckenmiller is one of the world’s most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%.

Here are ten basic gold-market realities that are either unknown or ignored by many gold ‘experts’. 1. Supply always equals demand, with the price changing to maintain the equivalence. In this respect the gold market is no different from any other market that clears...

We have looked at plenty enough evidence in recent weeks that a crash is looming for US markets, and now we are going to take a look at another important piece of evidence that we haven’t previously considered – the Junk Bond market.

As the world races towards another financial calamity, the U.S. Empire’s strategy to shield itself from this impending disaster, is to export all of its gold supply. That’s correct. The U.S. Gold Market can be explained in three simple words… ZERO SUM GAME.

Copper is an important commodity when it comes to the health of the world economies and how it does often reflects how strong or weak the economy is. Its been awhile since we took an indepth look at Dr. Copper to see how healthy it is so tonight we’ll look at a few...

Billionaire investor Stanley Druckenmiller has just raised his gold holdings to 20 per cent of the asset allocation reported by his Duquesne Family Office, according to Zerohedge.com.

China devalued the yuan by the most in two decades as policymakers stepped up efforts to introduce more market-based reforms. China’s exporters have been hurt by keeping the yuan pegged to the dollar. The new policy spooked markets, prompting fears of a currency...

As you know, I’ve been calling for a bond market crisis for months now. That crisis has officially begun in Greece…and will be spreading in the coming months. Currently it’s focused in countries that cannot print their own currencies (the PIIGS in Europe,...

First it was the U.S. Federal Reserve. Then, in 2013, Japan launched what became known as Abenomics. The European Central Bank (ECB) followed suit in 2014. And now the People’s Bank of China has joined the parade.

October 30, 1929. A brisk autumn’s day in Manhattan. The Savoy-Plaza Hotel’s thirty-three stories cast a long shadow over Central Park. At the base of the hotel a financier lies freshly fallen, motionless, while his last breath, wrenched from the lungs by force of...

Since my last update gold posted a recovery. So far it´s not very spectacular, but it´s holding above $1,115 as I am writing this. The Mining Stocks (GDX and GDXJ) really exploded higher from their bottom on the 5th of August.

Even though most of the world’s gold supply continues to flow to the East, German demand for physical gold investment remains the highest in the West. This is probably due to a percentage of Germans who are not at all happy with the current financial system with...

For quite a while, we have been talking about scarcity in gold. The cobasis for both October and December is positive. These contracts are backwardated. The cobasis for the February 2016 contract is not far from backwardation. The gold market is tight. Why? Let’s...

It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.

SPX is undergoing a consolidation in a downtrend using the 200-DMA as support. A daily close below 2073 which does not hold, should bring about the next challenge to the 2040 major support level.

In this update we are only going to look at one chart, because I don’t want to dilute its impact by including anything else. There are many other charts supportive of a positive outlook for the Precious Metals sector going forward, which we will look at separately...

Contrary to some of the expressed media-disseminated information, Chinese physical gold demand, as indicated by gold withdrawals from the Shanghai Gold Exchange (SGE), remains at a very high level indeed for this time of year.

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators continued to add to their overall net bullish positions in the US dollar last...

People interested in gold and silver, including myself, spend much of our time examining the markets for clues when the old monetary metals and their miners will resume their bull market. But looking exclusively at the markets provides only a superficial...

Gold and precious metals in general had a spectacular run from 2003-2011. Moreover, it was around that time we published our first article on Gold-Eagle. In that period, we were pounding the table on Gold, Silver and the entire precious metal's sector. Is this the...