Gold Editorials & Commentary

For ten long years, the world’s central banks have dragged everyone along for one last attempt at scaling Mount Credit. At several points along the way, in 2011, in 2013 and then again in 2016 it seemed all but certain that the wrong route had been picked and all...

Global uncertainty made gold a holiday winner for investors seeking a relatively safe haven. U.S. stocks just logged their worst year since 2008—their worst December since 1931—as fears over global trade, ballooning debt, the end of accommodative central bank policy...

As 2018 drew to a close, the prices of Comex gold and silver began to move higher. This was just as expected and we wrote about these pending year-end rallies on several occasions. Before going further, perhaps you should take time to review these links:

– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts). – Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively. – Worst year for most international equity indices since 2008.

Precious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year – including technical, fundamental, monetary, and political drivers. Before delving into each of them, let’s consider where we’ve been...

Analysts use this ratio to describe how inexpensive silver is compared to gold—like now. They also use the ratio to show long-term buy zones for both metals.

If history is our guide, we are on track for a severe market meltdown in 2019.  While the U.S. broader indexes remained in record territory for most of 2018, December turned out to be a complete disaster for stocks.  So, even though the markets have reversed higher...

Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following: Government debt will rise at an accelerating rate

– Risk assets and property to under-perform and precious metals to outperform (Outlook 2019 Podcast). – Hope for best but be prepared for the worst by increased allocations to cash, silver and gold. – Market, economic and political uncertainty of 2018 continue and...

An inverted yield curve means that short-term interest rates are higher than longer-term ones. The inverted yield curve is what happens when investors are bidding for longer-term bonds -- thus driving down their yields -- because they are pessimistic about the short...

The past couple of years have been brutal for precious metals mining stocks. Gold and silver went down a little while the miners went down a lot – four times as much to be exact. That’s painful but not surprising. The miners, being in effect options on the...

The best performing metal this week was silver, up 5.15 percent, finally getting some respect as it approaches its 200-day moving average. Hitting six-month highs this week, money managers are the most bullish they’ve been on gold in months.

Last week, we wrote about the concept of discounting. This is how to assess the value of any asset that generates cash flow. You calculate a present value by discounting earnings for each future year. And the discount rate is the market interest rate.

The last update was wrong. Gold was expected to drop with the stockmarket, but instead it rose. Being wrong in this business is not a crime, but it is vital to recognize the error as soon as possible and make a course correction, and if possible discern the reason...

After a substantial and precipitous price drop of 450 points during the past two weeks, SPX has finally found a bottom and is rallying over the short-term.  In keeping with the current volatile market nature it has already rallied 173 points in three days.  More is...

Although yours truly has yet to completely jump on the bull bandwagon (which has revved up recently), I cannot ignore the positive fundamental and technical developments for precious metals.

Oh were 2019 in this missive's title the forecast price rather than the year. Yet per the above Gold Scoreboard, a price of 2019—and well beyond given our currency debasement price alone of 2854—must inevitably in the cards once Gold plays catch-up to the green...

Our proprietary cycle indicator is up. Gold sector is on a major sell signal. Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up. A tradable bottom remains in place.

The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder and done! It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon...

Last week, I discussed the Bull and Bear cases for Gold. The stock market sell-off that began on October 3, the associated fall in bond yields, increasing expectations that the Fed would be forced to reverse policy, recent weakness in the dollar, and Gold rising in...

In January of 2018 we noted a cyclical leader (Semiconductor Fab Equipment) in trouble: Semi Canary Still Chirping, But He’s Gonna Croak in 2018.

Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and...

There is a disconnection between paper and physical gold prices and the former has to catch up with the latter eventually. Myth or fact? We invite you to read our today’s article about demand for gold coins and bars and find out whether it will save the yellow metal...

“Commentators keep asking why the Fed can’t raise rates if the economy is so strong? They still don’t realize that the economy was never strong. They confuse a bubble for strength. Without 0% rates and QE the bubble can’t survive. But a return to those policies...

We hope that you enjoyed Christmas. As we promised last week, we will analyze the post-meeting Powell’s press conference today. The Fed Chair remained optimistic about the US economy, which “has continued to perform well.” However, “some crosscurrents have emerged...

So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are...

Until you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed one wall of worry after another, and the problem was that the economic data did not confirm it.

The economic world is always changing, but the 2018-2019 period will mark an important transition. Consider credit market debt, interest rates, stock indices, individual stocks, and several ratios.

It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's best fund manager by the Mining Journal. He's also the co-author of the...

The much awaited and hoped for Santa Claus Rally turned into a complete rout today as the broader markets continued to sell-off to new lows this month.  The Dow Jones plunged a stunning 653 points today, the worst in the in the 122-year-old history of the index.  ...