Gold Editorials & Commentary

The US economic growth in the Q1 2019 positively surprised. Indeed, on the upside. The doubting Thomasses were proven wrong. And The Socialist Party just won the snap elections in Spain. Is the left back in vogue in the Eurozone? But what does it all mean for the...

The best performing precious metal for the week was palladium, up 2.79 percent as hedge funds boosted their net bullish positions. Despite U.S. dollar strength, gold traders and analysts returned to their majority bullish position on the yellow metal this week,...

There is a growing movement by investors and central banks internationally to “repatriate” gold and own it “in country” due to concerns of gold confiscation and financial repression involving capital and exchange controls. A form of gold confiscation has already...

Central bankers and politicians love inflation, but they need “bag holders” to have faith in the value of the fiat currency IOUs they hold. The trick is to avoid suddenly destroying the ephemeral confidence in currencies by printing too much too fast.

To put into perspective how overvalued and dangerous the US market has become; I often cite the figure of total market cap to GDP—currently 145% of the economy. How high is 145% of GDP? It is a full 30% higher than it was before the start of the Great Recession.

Australian financial expert, Martin North discusses the Irish property crash and financial crisis a decade ago with financial writer and adviser Eddie Hobbs.

Erik Hadik (Insiide Track) has probably done more in-depth cycle research than just about anyone.  Prior to the September 2018 high, Erik warned that important cycles were peaking and that a severe stock market  correction could take place imminently.  Those that...

Large precious metals speculators once again lowered their bullish net positions in the Gold future markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Breadth is becoming a problem for the long-term prospects of this stock market rally from December 2018. Below we show updated charts of large and growing Bearish divergences between the major averages and their 10-day average Advance / Decline Line Indicators and...

Do you remember "When E. F. Hutton talks, people listen"? Decades later, today we might say: "When Goldman opines, it goes online" ... or something like that.

The Dow Jones Index in the BEV chart below closed this week a bit below last week’s close; 1.06% instead of last week’s 1.00%, down six cents on the dollar, or basically unchanged from last week.  As I said last week the bulls aren’t in a hurry, but I’m sure the...

Long-term – on major buy signal. Short-term – on sell signals, correction is in progress. Gold sector cycle is down. COT data is favorable for overall higher metal prices. Maintain positions and stay the course for now.

From a contrarian perspective, the front page of Bloomberg Business Week this week is a classic contrarian sign that we may be on the verge of a serious bout of inflation or indeed stagflation as the global economy slows sharply and currencies are devalued again.

After an interesting week and to allow more focus on charting the miners this weekend, we again offload much of the NFTRH Precious Metals segment’s content to the public site. The following is (hopefully) going to be long on charts and relatively short on words (...

The big headline in markets this week – the S&P 500 pushed to a new all-time high in nominal terms. But is it a new high in real terms? Most in the financial media don’t want to ask that question. They would rather join their Wall Street sponsors in celebrating...

Here are today's videos and charts.

Gold has failed to gain traction over the past couple months, normally a seasonally-strong time.  That has really weighed on sentiment, leaving traders increasingly bearish.  Gold investment demand has flagged dramatically with lofty stock markets spewing great...

I am not sure how much more I can add to what has been said over the last two weeks in the metals complex. At this point in time, it is quite clear that the metals are testing support.

As always, most analysts focus not on what they really should. After March FOMC meeting, everyone was talking about the more dovish dot-plot. But the Fed also announced that it will end the unwinding of its balance sheet in September. As these changes are...

Last month, Trump said that he considered Herman Cain and Stephen Moore as his picks to the Federal Reserve Board. As the former had withdrawn his name from consideration, the focus shifted to the latter. Who is Mr. Moore exactly and what would his nomination imply...

Just one look at the daily chart of SPX tells us – in hindsight – that this may have all been about gap acquisition. I was completely right and righteous to be bullish on the Christmas Eve massacre low, right on up to the 50 day moving average, which was the...

We’ve seen quite decent currency moves in recent days. And the market ain’t exactly sleepy today, either. Let’s put these moves into the picture. The implications lead us to make serious decisions. Is there a more pleasant sound than ringing a cashier’s bell?...

India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide gold bullion demand as top economies diversify their reserves.

One of the most important things about making calls about any future price movement is to have confidence in your research team and systems.  The second most important thing is to make these calls public so everyone can see if you were right or wrong about your...

Having artfully freaked out a whole bunch of investors by breaching nearby support and dropping quite sharply, so that they have panicked and scurried over to the wrong side of the boat again, the PM sector appears to be in the process of reversing to the upside now...

The weak physical demand season continues to cause gold to drift with a clear but modest downside bias. Despite the swoon, most top bank analysts are extremely positive in their outlook for gold in the second half of the year.

Recent positive news suggest the US economy spring revival. But what about gold? Will it blossom? Will the gold love trade take reins from gold as a safe haven play?

We have a postscript to last week’s article. We said that rising prices today are not due to the dollar going down. It’s not that the dollar buys less. It’s that producers are forced to include more and more ingredients, which are not only useless to the consumer....

Russia and it’s central bank added another 600,000 troy ounces or 18.7 tonnes of gold to its reserves in March according to the latest figures released in a press release by the Russian central bank on Good Friday.

The downside potential in precious metals discussed last week is playing out as Gold and gold stocks have broken down technically. The global economy appears to be firming and that is evidenced by a sustained rebound in global equity markets.