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Gold Editorials & Commentary

May 29, 2015

If investors ever needed physical gold in their portfolios, now is the time. Now is the time to protect even a well-diversified portfolio against the risks inherent in financial assets (equities, debt) and tangible assets (real estate, fine art, etc.) alike.

The great endeavor of investing can be distilled down into four simple words, buy low sell high. They are so basic, so resoundingly clear, that even a child can understand this principle. Yet still the great majority of investors never achieve significant success...

Markets this week have been all about renewed dollar strength, with precious metals side-lined. The only notable move was when gold lost $20 and silver 40 cents on Tuesday, following holidays in the US and UK on Monday.

The slowdown of worldwide trade and GDP may affect different currencies in distinct ways. It is well time that we briefly analyze the relationship between the yellow metal and other currencies than the U.S. dollar. It is very important issue, since many non-American...

The debt burden – particularly in “developed” countries – along with ageing populations pose a risk to the economies of those countries, Goldman Sachs has warned. Andrew Wilson, Goldman Sachs Asset Management’s chief executive in Europe said, “There is too much debt...

Commodity bulls have had a rough couple of weeks across the board, with the broad CRB commodity index falling over 5% from the mid-May peak. The weakness has been widespread, with everything from industrial metals to agricultural commodities to oil all falling in...

May 28, 2015

A Carry Tax… or tax on physical currency… is coming. The Fed and other Central Banks literally took the nuclear option in dealing with the 2008 bust. Collectively, they’ve printed over $11 trillion and have cut interest rates to zero for nearly six years.

Have you noticed the trend in mainstream headlines over the past week? The gold price may be stagnant, but forces behind the scenes signal that something big is gelling. What conclusion would you draw from this rundown of recent headlines?

The aggravated global financial situation is working toward a series of powerful climax events. The various USDollar platforms are either undergoing seizure or suffering from abandonment by primary players. The grand Reich Finance application is failing finally,...

The 1183.40 downside target given here yesterday allowed subscribers to get long four ticks off the intraday low. Since I received reports of actual fills in the chat room, I’m establishing a tracking position: long two contracts with a cost basis of 1180.90. That’s...

The world is topsy turvy. One branch of the State borrows money from another branch of the State and everyone cheers madly. Does this accounting fraud describe the Greek version of Peter paying Paul? No, it is the current policy du jour called quantitative easing (...

The ‘war’ word is being increasingly heard internationally as the U.S., EU, Russia and China adopt provocative postures over various disputes including Ukraine and in the Pacific. War with the U.S. is “inevitable” if the U.S. involves itself in the dispute which has...

It is becoming more and more likely that both the Biannual Cycles for Gold and Silver have topped. I’m increasing the likelihood of a top to 90% at this time and will begin looking down instead of up. Once we have the final confirmations of a phase 4 beginning our...

2015 has been an unusual year characterized by directionless markets. The U.S. stock market has barely moved since December / January, precious metals and copper are trading at the same prices as on the first days of the year, and we see a similar picture in most...

May 27, 2015

Recent Bloomberg analysis says if China backed its currency with gold, the price would need to be 50 times higher than it is today. According to Bloomberg, that would be a gold price of around $64,000 per ounce, which is much more than gold expert Jim Sinclair...

Don't be fooled by the new highs in the flagship US stock indices that are being trumpeted on Wall Street as a sign of strength. The internals of the market are terrible and getting worse…and one big sign of impending trouble is the Dow Theory non-confirmation of...

Russia’s central bank once again increased its gold holdings substantially in April. They added another 300,000 ounces to their existing stockpile bringing the total up to 40.1 million ounces (see chart below).

As expected Gold managed to rally and exploded $50 higher within just five trading days since my last update. But with the same velocity all gains have been vaporized with two large down days. Another short-term top has been clearly established. Although this top at...

Gold has two major hurdles to overcome…and they are as follows: Interest rate rises in the US. Money printing by other nations, Japan, UK, Europe, etc. Both support the US$ and put downward pressure on gold.

May 26, 2015

Gold was sharply lower in the overnight session, reaching a low of 1193.60, at the time that this Post was being written. This drop eliminates all of our current options from further consideration, and opens up new ones.

Harriet Hunnable, executive director of precious metals markets at CME group, speaking recently in London said that the Shanghai Gold Exchange is the most successful challenger so far in terms of liquidity in the gold market versus trading houses in the West.

The title is of course a little misleading because China has many options, none of which except one in my opinion will actually work. Options to what exactly you ask? Options to a collapsing global economy and an imploding financial system, which will surely...

Today is gold options expiry day on the COMEX. As expiry day approaches, gold has a tendency to trade sideways to lower. Option traders tend to focus on round numbers, like $1200. As they battle amongst themselves for higher or lower prices, their actions can...

The death of mathematician John Nash on Sunday was met with a degree of sympathy and publicity seldom enjoyed by mathematicians whose contribution to society is usually a quiet, unappreciated one, behind the scenes. The 86 year old was killed with his wife in a...

Just as the steady torrent of awful economic data, which began in the First Quarter and continued well into April and May, had forced many market analysts to grudgingly concede that 2015 would not see the robust economic growth that most had expected, the...

Gold hit heavy resistance as forecast last week and the reaction should be a worry for the bulls. As we enter the last few days of the month, we believe extreme caution is warranted. Our forecast has been indicating that May should be a bad month for the bulls....

May 25, 2015

“All eyes should be focused on next week’s market action, starting with Monday’s opening!” Although it did not decline last week but registered a new high instead, SPX did not make much upside progress either. In fact, its price pattern for the past week looks very...

The gold market is in the midst of a strong battle, which is exactly what we told MarketWatch on Friday. Below we describe the bullish and bearish forces we currently see.

Boris Gerjovič from Maribor, Slovenia, accomplished a thorough examination of the real impact of interest rates on the price of gold. The results may surprise.

Capitalizing in the oil sector when the price of crude oil is low is a very challenging endeavor. The recent drop in crude oil from $108 per barrel down to nearly $42pb has pulled the share price of most oil related companies sharply lower, thus providing...

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The Incas thought gold represented the glory of their sun god and referred to the precious metal as “Tears of the Sun.”

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