Gold Editorials & Commentary

Last week a report from the World Gold Council suggested that around 1,000 tonnes of gold is being used as collateral in Chinese commodity financing deals that would be unwound if the shadow banking complex was to collapse. Not surprisingly news of such a supply...

A Rich Man Poor/Man Partnership never works: der Euro Union ist Kaputt

W D Gann has long been recognized as an astute market trader, and followers of Gann have been trying to figure out his genius. The best way to describe how he made so many successful market calls is, in a word, astrology. Having died in 1955, we did not know him,...

Volatility reigned supreme again this past week as many stocks look to have put lows in now just as earnings season is really heating up. Lots of big companies are reporting in the weeks ahead and could move this market and stocks higher if earnings are good. At...

The lofty stock markets are starting to wobble, with selloffs’ frequency and sharpness increasing. The dominant reason the Fed’s stock levitation is running out of steam is severe overvaluation. Stocks are just far too expensive today compared to historic...

Chart Analysis Gold Money, Silver Twin, US$, GDXJ & GDX via videos.

Long term – on major sell signal since Mar 2012. Short term – on sell signals. Gold sector cycle – down as of 3/21, ending the up cycle since 12/27. COT data is not supportive for higher prices overall.

Current investing model favors equities and both the growth and energy sector are on major buy signals. Investors should stay invested and new money should wait for the 4 year cycle bottom in coming months.

Judging by the precious metals forums, its confirmed…everyone is bearish and short gold and silver, waiting for Goldman Sachs prediction to come true. But what if they’re wrong? More importantly, how will you know if those prognosticators are wrong and if they are...

Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into another financial crisis. That moment could be drawing upon us,...

Ukraine war hype, China demand drop, GOFO mysteries… these are the short term noise inputs on the gold sector. US Treasury bond yield spreads, gold vs. commodities (i.e. the ‘real’ price of gold), gold vs. the stock market… these are some of the fundamental...

I want to make you aware of a possible major breakdown in the US dollar index and provide you with my gold forecast. If this scenario plays out then we will see the Euro explode to the upside and also see commodity based currencies like the Canadian dollar, and...

Sometimes pictures are far more effective in communicating an important point. They are extremely effective in undermining respect and confidence, when in the cartoon format. A sequence of graphics struck the cognitive circuits recently. Long explanations will not...

A year ago yesterday I saw one of the largest declines in COMEX gold and silver futures in the last several decades. For those who argued that an electronic futures market- where an entire year’s worth of silver production can be bought or sold in one day- would...

The common currency declined against the U.S. dollar after stronger-than-expected U.S. economic data. Earlier today, the Labor Department showed that the CPI rose 0.2% in March (above expectations for a 0.1% increase), while the core consumer price index (without...

As gold traded in the $1310 area a week ago, I said, “The door of possibility is now open to some further strength, with a short term target of about $1320 -$1325.”

There is an abundance of risk in the world that involves other parties, other countries, derivatives, debt, debt, and lots more debt. Gold and silver have no counter-party risk and will retain their value regardless of whether the debts are paid, regardless of...

Briefly: In our opinion speculative short positions (full) in gold, silver, and mining stocks are justified from the risk/reward perspective. Yesterday, we emphasized that the situation in the mining stock sector was bearish. We wrote the following:

Free markets are a function of supply and demand whereas capital markets are a function of credit and debt. The bankers’ ponzi-scheme – which began with the distortion of free markets in 1694 when the Bank of England began issuing debt-based paper banknotes...

For those of us who media often refers to as “gold bugs”, the fragility of popular sentiment toward not just gold and silver, but toward all investments generally, is the biggest barrier to a sane, free and fair market. The willingness of the majority to embrace...

In this Weekend Report I would like to look under the hood of some of the precious metals stocks indexes to see what is really taking place. We’ll look at a bunch of PM stocks to get a feel for where we are in the short, intermediate and long term pictures. When one...

The chart below clearly demonstrates PALLADIUM has indeed been the most precious metal since early 2010. It shows the relative performance (i.e. Percent price increase from January 2010 to date 04/11/14):

In my last analysis I clearly explained that Gold had just finished its up-leg and that one had to expect some form of a deeper correction. In the meantime Gold has lost nearly US$115.00 in just 12 trading days. Personally I was surprised that there was basically no...

A wild, wild week for major US markets and many leading stocks. After falling hard we saw a bottom late Monday and we were lucky enough to buy several leading fast movers late Monday and we saw them rise sharply into Thursday where we didn’t nail the top and gave...

Long term – on major sell signal since Mar 2012. Short term – on sell signals. Gold sector cycle – down as of 3/21, ending the up cycle since 12/27. COT data is not supportive for higher prices overall.

For the past year, we have been saying that the charts for gold and silver are likely bottoming in a normal manner, and it takes time for a this kind of formation to complete itself. It remains the case, to date.

Gold and gold mining shares recovered during the first quarter with the metal rising 6.5% and precious metals shares (basis XAU) 8.7% through March 31st. It appears to us that the precious metals complex has bottomed and is attempting to gain footing following the...

Gold bugs have been forecasting a dollar collapse for years. They have been correct about the gold price, which has advanced nearly 400% in the past 12 years versus a gain of just 64% for the S&P 500. They were also correct about the dollar during the first...

Yesterday the gold price hit a two-week high ($1,324.40) thanks to a healthy mixture of safe-haven demand, a weaker US dollar index and, of cours

The question that should be asked but never is. “Are we in worse shape than we were just prior to the last great financial crisis or are we better off?” I believe that very few, if any, of the problems that caused the last financial crisis have been mended. In fact...