Gold Editorials & Commentary

The gold miners’ stocks have resumed grinding higher on balance, mean reverting out of their summer-doldrums selloff.  Their usual seasonal autumn rally driven by gold’s own looks to be gathering steam.  Outsized Asian gold demand typically fuels solid-to-good...

Here are today's videos and charts.

“The monetary base is the total amount of a currency in circulation or held in reserves. Money in circulation is anything that is held and used by the general public while reserves refer to commercial bank deposits and any money held in reserves by these...

There's been a volatile reaction in the gold and silver markets in the 24 hours following the Federal Reserve's latest interest rate hike. The metals jumped slightly higher following the announcement, before selling off sharply on the COMEX open in New York this...

Trading Recommendation: Go Long gold. Use puts as stops. Active Positions: Long gold, with puts as stops!

Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: Issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse...

If you’ve read the What is Money? essay from this Anti-Concepts of Money series we can now discuss the Anti-Concept of Velocity. That pseudo-equation MV=PQ described in the What is Money? essay leads us to the anti-concept velocity.  

We have Mike McGlone, a macro strategist at Bloomberg Intelligence, joining us in this video. Our discussion revolves around the current banking crisis and the possibility of a deflationary period.

Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review market moves as the Fed nears the end of their rate hikes, and if commodities might keep getting upward traction if inflation pops back higher over the next few months.

Since my last article from late-June, Gold has seen the anticipated bottom - with its next upward phase currently deemed to be in force. The current rally should have further to run, though is anticipated to end up as an eventual countertrend affair.

No market moves up or down in a straight line, and there are pullbacks, pauses, and corrections. See, one doesn’t invalidate the trend.

While tomorrow’s US interest rates announcement can help push gold to key short-term buy or sell zones, the big picture for gold is mainly about Chindian citizen demand versus mine supply.

Last weekend, I questioned whether a crash can still set up for much later this year? And, the answer is, "of course." This week, I question the opposite - that is, can we still get to the all-time high? And, the answer is also "of course."

On July 9 the US dollar index (DXY) slipped under 100 for the first time since April 3, 2022, with cooling US inflation data released on July 12 maintaining the trend of a weaker greenback against a basket of other trade partner currencies.

The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month.

Gold is set to eke a third weekly gain despite going into next week’s likely 25-basis point lift in interest rates. Markets expect the Federal Reserve to pause again on further hikes.

An answer should come this week about the near-term fate of the US dollar index (DXY). And from that answer will come investment/trading direction across the macro markets, from the anti-USD trades lurking in the shadows to stock markets, featuring an over-loved US...

Last week, the Federal Reserve launched a new payment processing system dubbed "FedNow." Officials say FedNow will allow individuals and businesses to initiate instant funds transfers between banks. Critics warn that FedNow could be a prelude to central bank digital...

“When elephants and central bankers (with wings) fly, don’t hold gold” This is what Egon von Greyerz recommends in this 25 min. interview with Jan Kneist of Investor Talk.

In this interview with Robert Sinn we discuss the outlook for Gold, key drivers, current sentiment in junior miners and the conditions needed for junior miners to perform better.

Reversals. Plenty of reversals. With reversal-based seasoning. Gold, silver, miners, the dollar, and even stocks – all reversed profoundly last week.

Quite a few people are convinced that they know what the Fed will do next, and why. How do they know? Is it really that obvious?

Last week’s commentary predicted that rates on the Ten-Year Note, currently around 3.8%, will hit a minimum 5.5% before inflation lurches into reverse and the U.S. begins a hellish descent into a full-blown debt deflation. The following, insightful response came...

If the history of this chart holds true that means that despite whatever bullish fun we are having now, there is a signal in play (3 month T-bill yield grossly exceeds the 2 year Treasury yield) that would trigger a new bear market in stocks within about 1.5 years...

Global macro commentator Andrew Axelrod joins us today to discuss the shifting global economy and the rise of BRICS nations. Discover the implications of de-dollarization and the potential return to a hard money standard!

The purveyors of misinformation and conspiracy in the Gold market are at it again. This time they are predicting a new gold-backed currency from BRIC nations and others will be unveiled at the end of August and eventually dethrone the dollar as the global reserve...

Stocks are getting more and more dangerous uh every day. I've gone over this in some previous videos when the banking system started to collapse, the FED reverse course started printing billions in QE...

Quite the trifecta in our title:  Gold, the S&P and the Fed all well in play for the week ahead. And straightaway we start with Gold — which considering ’tis still within its Short trend — had nonetheless been firming well of late, price having proceeded from...

Gold and silver sold off on Thursday, but the yellow metal was still clinging to a small weekly advance through yesterday's close. As of this Friday recording, the gold market is up a slight 0.3% for the week to come in at $1,971 an ounce. Silver, meanwhile, is...

For the first time since April 2022, the Dow Jones closed in scoring position; a close of something less than a BEV of -5.0%. That is good, even if doesn’t change a thing about how bearish I remain on the market.