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Gold Editorials & Commentary

April 17, 2016

The latest Deutsche Bank case has the metals market buzzing about manipulation again. Unfortunately, most misinterpret the case and the market ramifications. While I know I am fighting the “common think” in this market, I am unable to stand quietly aside and...

Just as we saw similar warning signs prior to the January 2016 stock market decline, so too we see similar warnings now. The important point to focus on this weekend is there are large, growing and widespread Bearish divergences between rising prices and declining...

Today I want to address the nonsense I've been reading elsewhere that the technicals are indicating that gold is still in a bear market. Nothing could be further from the truth. First, let me dispel the idea that somehow the mining stocks haven’t broken out of their...

Stocks were choppy early in the week…but then showed strength to finish. It was a tough week for me being short and seeing them get away from me, which forced me to take more of a loss than I’d have liked. Losses happen, it’s just part of the game and the odd time...

Gold speculator and large futures traders sharply boosted their gold bullish positions higher last week as gold positions have now gained for four straight weeks, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading...

Greetings from sunny Santa Ana, which is about one-third the distance of the some 12,000-square mile seemingly endless slab of concrete that over the decades has been poured from Malibu to Mexico. The 18,000,000 population of the "greater" Los Angeles area alone is...

April 16, 2016

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. COT data remains in bear market values and is now at levels of previous tops.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy...

The latest gold COTs are out…and they are an absolute horror story: The Commercial Short and Large Spec Long positions having ramped up to multi-year extremes, which we can take to mean that the dollar is not going to crash its support in the 93 area…but will...

Lately, I am getting, you know, really scared. Oh, not the ordinary kind of day-in, day-out kind of scared, constantly dreading both the appearance of childish-yet-pointless alliteration and the coming calamitous collapse of a catastrophic cataclysm caused, pausing...

To understand the relationship between the gold ETFs’ inventories and the price of gold it is necessary to grasp how the ETFs work. As we already know, the aim of gold ETFs is to replicate the performance of gold.

The Fed is “one and done” for rate hikes. We called this back in mid-2015. The US economy is far too weak for the Fed to engage in anything resembling a series of rate hikes. Corporate leverage, household leverage, even the national debt stand at levels that limit...

Almost all of those in the precious metals community are avid consumers of news and statistics pertaining to gold and silver [PMs], such has how many tonnes of gold are being purchased by China, mostly. How much gold does China really own, certainly far more than...

April 15, 2016

Gold-mining stocks surged higher this past week after breaking free from their high consolidation. This newest upleg catapulted gold stocks to a doubling in less than 3 months, a remarkable world-leading performance. But despite its quick doubling, this red-hot...

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in March, following a 0.2 percent decline in February. The core CPI, which excludes energy and food, rose 0.1 percent, following a 0.3 percent increase in February. It was the smallest...

The broad stock market broke above its recent consolidation, as the S&P 500 index reached its late December local high above the level of 2,080. We still can see technically overbought conditions that may lead to uptrend's reversal or downward correction at some...

April 14, 2016

And it wants more of it. From mid-2014 until early 2016, commodities as an asset class collapsed some 45%. This was an all-out bloodbath. But despite this collapse in prices, inflation began to perk up.

The Winter of 2015-2016, which came to an end a few weeks ago, has been officially designated as the mildest in the U.S. in 121 years according to NOAA. While this fact will certainly add a major talking point in the global warming debate, it should also be front...

Who is buying gold and why is the question posed by The Telegraph today.

Americans purchased fewer goods and services at retail stores in March. What does it imply for the gold market?

The Dow Index just keeps plugging higher…but all good things must eventually end. So let’s review the daily chart to see where the good times are likely to end.

April 13, 2016

The shock of the Panama Papers rippled with sensational headlines involving over 100 politicians from Iceland, Russia, China, United Kingdom and Argentina amid allegations of illegal offshore accounts set up by Mossack Fonseca, a Panamanian law firm.

Last week’s message to you regarding the "Panama Papers" release suggested..."don't be duped". What impressed me immediately as very strange was;...there were no Americans or Europeans on the list of tax cheats, etc., with the exception of David Cameron's father...

If one were to describe, in a word, the singular quality of gold that gives it value both as money and a wealth preservation asset, that quality is integrity. Physical gold cannot be printed, it cannot be conjured by a central bank or government official, it cannot...

As Central Banks continue to prop up the financial system with massive monetary printing, the death of paper money grows closer each passing day. While it is true that the Fed and Central Banks have been able to postpone the day of reckoning much longer than most...

While we still do not have a long-term confirmed bottom in the metals complex just yet, the price action is quite indicative of a very bullish market. You see, when the metals are truly in a bullish trend, they do not see deep retracements, which forces market...

The U.S. economy continues to slow down. In the second quarter of 2015, the U.S. economy rose at an annual rate of 3.9 percent versus – 2.0 percent in the third quarter, and – 1.4 percent in the fourth quarter.

Buy gold is the call of HSBC technical analysts, who are becoming increasingly bullish on gold and increasingly bearish on stocks as reported by Business Insider.

Spring has sprung for precious metals mining stocks. The HUI gold stocks index surged 6.2% on Monday to close at a 14-month high and today brings even more gains. The HUI chart shows a strong base was built from last summer through this January…and from that base a...

April 12, 2016

The FDIC just completed training all bank personnel to calculate deposit insurance coverage for Deposit Accounts, Revocable Trust Accounts and all other accounts held in banking institutions UNDER $1 B. in assets. What is the FDIC doing at banks over $1 B in assets...

What Do We Want From Gold? Roosevelt proved that gold was a political/financial tool, and its value is politically governed. Nixon proved two things: that the “Gold Standard” was nothing more than an arbitrary political tool, and indeed he made gold “legally” not...

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The term “carat” comes from “carob seed,” which was standard for weighing small quantities in the Middle East.

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