Gold Editorials & Commentary

Nothing lasts forever, and the brightest flame burns itself out the fastest. That could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let’s take a look at the USD Index.

The gold hype is impossible to miss as its steep rise brought it above the 2011 all-time highs. But is the picture seen in precious metals one of universal strength? That, and the USD Index prospects, is what we'll examine in today's article.

There is a now widespread universally held belief, especially amongst “dumb money” market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at pumping them higher and higher.

SPX looks ready to complete the structure that it started building from 2965. Some time around the middle of the month would be a good time for completion before a retracement into the cycle lows.

Last week's trading once again saw gold forming its low in Monday's session, here doing so with the tag of the 1918.30 figure (December, 2020 contract). From there, strength was seen into late-week, with the metal pushing all the way up to a Friday peak of 2004.50...

I would like to thank a few of my teachers from long ago, who enticed me to learn about the Precious Metals Sector, and charting.  I found the old Gold-Eagle Forum at Gold-Eagle.com where Dr. Vronsky ran a tight ship.

The Dow Jones continues in an annoyingly tedious manner, where it refuses to go up or down as it hugs on to its BEV -10% line for dear life in the BEV chart below.  It’s been this way for over a month.  So we continue watching the Dow Jones’ BEV -5% and -15% lines,...

On the off chance that you missed yesterday's (Friday's) Prescient Commentary, here is its opening sentence: "Front month (Dec) Gold has topped 2000 for the 1st time ever, price at present 1993", Gold settling out the week at 1994, but not before having made another...

Our proprietary cycle indicator is now down. Gold sector remains on long-term buy at the end of July. 

Before I begin this weekly missive (which is being penned on a Wednesday due to my impending cruise to the northern habitats of Georgian Bay), I need to present one quote that for me summarizes everything there is to know about risk management in the capital markets...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers

As July comes to a close, the gold price is up better than 9% for the month and has advanced nearly 30% for the year.

Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019.

The gold miners’ stocks have rocketed higher this summer, smashing out of their usual summer-doldrums sideways grind. That atypical strength has been driven by gold steadily marching to major new secular highs, fueled by strong investment demand. This has carried...

The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting net cross-border...

Yesterday’s session was indeed volatile around the FOMC, just like warned in our gold timing alerts,  and gold even moved to its previous high, likely forming a double-top pattern. Even though gold moved higher on an intraday basis, it didn’t invalidate its previous...

No matter what shape the recovery is, the epidemic will likely have lasting, positive effects on the gold market. During the most acute phase of the pandemic and the following economic crisis, there was no time to analyze various WGC’s reports on the gold market....

It is said that a picture is worth 1000 words, and thus two pictures are worth 2000 words. The entire financial system is fracturing and imploding, no exaggeration. The entire monetary system is being undermined in a true Weimar sense, in reality.

The following is an update of Is Gold Price Action Warning Of Imminent Monetary Collapse? During the 2008 financial crisis the Fed significantly increased the US monetary base to keep the system from collapse. They are currently in a similar situation, and have done...

The global financial system has for half a century undergone an act of contortion that few believed was possible. This has led to a warped system with fake money and false markets.

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver...

The U.S. Mint made an unusual request last week. In a press releasedated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.

According to MMT (Modern Monetary Theory), there are "four essential requirements that qualify a national currency as sovereign".

Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.

Gold has jumped above $1,850 amid expectations of new stimulus, worries about the pace of economic recovery, and concerns about rising tensions between the U.S. and China. Houston, we have a problem! Please take a look at the chart below that presents the U.S....

Our research team continues to attempt to navigate the difficult market dynamics ahead as traders’ concerns related to continued global economic functions persist.  We believe the US stock market has rallied well beyond sustainable levels and the recent move in the...

For many years, I have noted to the members of Elliottwavetrader that I have not been a fan of banks. In fact, they are on my list of stocks that I intend on shorting once we move towards the 2023 time frame.

As shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two previous times this has...

The gold price just rocketed through $1,900, marking the highest level since the record high peak in late 2011. This move should not come as a surprise to anyone paying attention to the current financial landscape.

During the bull market years between 2000 and 2011 the US dollar and currencies played a key role in the PM complex bull market. Tonight I would like to go back and visit some of these old charts and see how they pertain to our current bull market.