Gold Editorials & Commentary

Given a world rife these days with natural disasters, from hurricanes Harvey and Irma, to Mexico's monstrous quake and the madman of the NorK, gold continues to roll higher, now having recorded "higher highs" in seven of the past eight weeks.ven a world rife these...

The Dow Jones Index last all-time high (BEV Zero) was on August 7th, and as for much of the past year, the Dow continues refusing to correct more than just a few percentage points, if that. Come this December, it will be two years since the Dow Jones has corrected...

The action was pretty quiet for the week as kids got ready to head back to school keeping parents busy. The metals continue to act great along with miners, but they could use a little rest.

Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is up. COT data favors overall higher gold prices. We are holding gold related ETFs for long term gain.

Last week the XIV moved up into the 83.07-93.56 resistance zone before turning back lower hitting a low of 76.07 on Tuesday, September 5th. Since this low, we have seen the XIV move back higher in what is so far counting best as a corrective wave structure. 

The gold stocks are off to the races again, with big gains mounting. They just staged major breakouts, shattering a vexing consolidation that had trapped them for an entire year. Such momentum early in gold’s strong season is a very-bullish portent. As higher prices...

I’d like to share what may be a different way of looking at the gold and silver market, but still remain focused on what has been the primary driver of price – changes in the COMEX futures market structure. It has become fairly common knowledge that prices rise when...

“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform...

Today’s rally was the most important in gold since it entered a bull market in December 2015. Actually, the rally has significantly raised the odds that the entire bull move since then has been impulsive rather than merely corrective of the bear market begun from...

Indian Prime Minister Narendra Modi launched a surprise attack on cash in late 2016. He gave Indians a few days to convert the two largest denomination bills then circulating to bank deposits, after which point any undeposited notes would become worthless. The move...

China recently announced they will trade oil for yuan “backed” by gold. The story has gotten some press (none of it mainstream mind you), and many have questions as to what it really means. While quite complicated as a whole, when you break this down into pieces I...

The B word is something which is almost whispered in financial circles. To acknowledge there might be a bubble somewhere is like admitting the proverbial elephant is in the room. But, like many taboo words, it seems the mainstream are coming around to the idea that...

Tonight I would like to show you some short and long term charts for some of the PM stock indexes. In the very short term they have had a good run and are getting overbought and need to work off some of the bullishness. This is perfectly normal and should be...

A confluence of factors has been pushing the price of gold higher over the past few weeks and I believe it is headed for $1,500 by the close of 2017. After hitting a low around $1,200 in July, the price of gold has since advanced by more than 10% or $140 to $1,340...

What Few Americans know is that just after World War II, the United States owned most of the gold bullion on earth – about 22,000 metric tonnes. In fact by 1945, it owned over 80% of the gold held by nation-states and central banks – an impressive display of...

Yesterday saw the 2nd-largest one day surge in GLD "inventory" in the past five years. What does this signal, if anything at all? I think most everyone here knows how I feel about the GLD. It's a scam. It's a sham and it's a fraud. Oh sure, there's almost certainly...

Indeed, it’s time to buy gold as Insurance! Investors in the resource sector are starting to lick their chops at the prospects of $5,000 to $10,000 gold within the next few years or perhaps sooner.

Last week The Dow Jones Industrial Average saw a peek high that was up just over 400 points off of the August 21st lows. This move represented a percentage gain of just under 2% during this 2-week period. Furthermore, this move higher off of the August 21st low...

A faltering economy, creeping inflation and ongoing geopolitical issues are feeding a resurgence in demand for the yellow metal - and best of all it has cracked a critical six year chart resistance levels. If gold is really "the sum of all fears" then the gold price...

What’s increasing the demand for gold? Is it Kim Jong-Un’s calls for nuclear war? Trump’s tough tweets on government and trade and unleashing “fire and fury” on North Korea? The threat of World War III? Possibly not, according to Jeff Currie of Goldman Sachs. This...

North Korea fired a ballistic missile over Japan last Tuesday, sending gold to its highest level in 2017. Last month, we told you that Ray Dalio, the world's largest hedge fund manager, suggested holding up to 10% of your portfolio in gold, warning of rising risks...

Gold has staged a fabulous rally from about $1220 to $1245. Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.

It is my privilege to welcome in Michael Pento, President and founder of Pento Portfolio Strategies, and author of the book, The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a well-known and successful money manager, and...

The best performing precious metal for the week was palladium up 5.86 percent on speculation that automobile sales will jump to replace ruined vehicles in Texas, post Hurricane Harvey.  That rally could be short lived as the auto inventories are high and all the...

The next leg up for gold is officially here. Gold has broken out of the mother of all triangle patterns established by the long-term bull market trendline established in 2006 and its seven-year descending line from the 2010 peak.

On September 5th, the members of both houses of Congress of the United States will clean the beach sand from between their toes and return to work.

China announced on September 4, 2017, that they desire to import their oil using their Yuan currency (backed by gold)…not the US petrodollar.  Since China is the biggest importer of oil on our planet this decision should/could dramatically alter the perceptions of...

Safe haven gold continued to eke out further gains of 0.73% today and reached its highest level in 11 months at $1,338.65/0z. The latest gains came after North Korea’s latest and most powerful nuclear test again saw investors diversify into safe haven gold and other...

Next week SPX must decide if it ends its rally at the current level, goes a little higher first, or continues all the way to 2500+, which has remained an unfilled projection made long ago.

Price and volume action in gold in recent weeks has been very bullish indeed, as it moves towards completion of its giant 4-year long Head-and-Shoulders base pattern. We can see this to advantage on gold’s 10-year chart shown below. The volume pattern and volume...