Gold Editorials & Commentary

The recent monthly statements of account published by the Bank for International Settlements indicate that the bank is still actively trading gold swaps, which the bank uses to gain access to gold held by commercial banks.

In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket:

When the general stock market declined in the previous months, many people called for much higher gold prices, supposedly based on the allure of the safe-haven demand for the yellow metal. And while there is some truth to it as gold would be likely to rally if the...

Buy gold for insurance against fiscal and monetary predations of central bankers, commercial banking and government. Yes – certainly! Buy silver for insurance, profit and beautiful coins. Yes! Buy both to own real money that has no counter-party risk. 

What an interesting day it’s today. After yesterday’s brief moment of serenity, many currency pairs are on the move now. Where to look first? Is it the euro? The action looks great and builds on our assumptions surely to your delight. Or are you more happy about...

Gold has been quietly (by its standards) creeping up. Our summer trade idea to buy with the aim of offloading in the winter for a 10%-20% gain has hit the target. As I write it stands at $1,344 an ounce.

While there is some religious significance in Roman culture, the Ides of March is best known as the date on which Julius Caesar was assassinated in 44 BC at a meeting of the Roman Senate.

The rather sharp drop in gold late last week, especially on Friday, came as something as a shock to many investors in the sector, yet as we will proceed to see it was set up to react back here or soon, and a period of consolidation or reaction at around this level...

The recent rally showed quite a bit of promise. Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average.

The US stock market and bullion swooned yesterday, but the GDX gold stocks ETF was up! Gold stocks continue to perform impressively.  Rallies look impulsive and corrections feel solid.

Warren Buffett’s famed annual letter to Berkshire Hathaway shareholders landed in the mail last week. Buffett has built a vast fortune investing in the shares of publicly traded companies. He has long been critical of gold. His most recent letter takes another swipe...

Powell’s testimony before the Congress is behind us. The ECB meeting is ahead of us. Will Draghi support the gold prices after recent declines? Gold Falls Below $1,300. Gold bulls might be disappointed. The upward trend apparently ended. As one can see in the chart...

Last week the theme was that when a large river runs deep and fast, the surface is smooth with only an occasional swirl of water that reveals all is not so placid below. This has been the situation with the PM metals for the past few months.

Higher interest rates and a stronger dollar tend to be a potent bearish cocktail for gold and silver prices. On Friday, March 1, the most widely traded precious metals markets received another reminder of how they love to take the stairs higher and an elevator to...

The best performing metal this week was palladium, up 2.81 percent with continued price strength. Gold traders were split between bullish, bearish and neutral on the yellow metal this week as prices struggled to recover and posted a monthly loss for February.

Gold, silver and mining stocks plunged on Friday and the yellow metal closed the week below the $1,300 barrier. The gold-silver ratio soared once again and it all happened in tune with our expectations, and despite the recent dovish comments from the Fed. And –...

It is my privilege now to welcome in Gerald Celente, publisher of the renowned Trends Journal. Mr. Celente is perhaps most well-known trends forecaster in the world and it's always a joy to speak with him.

Stocks were gaining on Friday, as investors' sentiment improved once again. However, the S&P 500 index remained close the 2,800 resistance level. So is this a topping pattern or just a pause before another leg up?

We have written numerous articles about capital consumption. Our monetary system has a falling interest rate, which causes both capital churn and conversion of one party’s wealth into another’s income. It also has too-low interest, which encourages borrowing to...

If you’re puzzled by the magnitude of the stock market correction since late December, you can thank the central banks for the rally.  Yes, that’s correct… after the Dow Jones suffered the worst Christmas Eve trading day ever, the massive central bank monetary...

The world used gold coins as money up until the first years of 1900. Since that time, the world's use of gold as money has ceased, and as of today, gold's only function is as a means of saving wealth for future use.

Optimism re-surfaced on Thursday with authoritative opinions being expressed that the US-China trade talks have a good chance “for a win/win outcome”.  This was undoubtedly responsible for picking up a flagging SPX and causing it to close with a new daily and weekly...

Cue Willie Nelson from back in '67 as we open straightaway with "Turn out the lights the party's over. They say that all good things must end..."Which is what Gold's 24-week parabolic Long trend just did, the nearly six-month ascent ranking third by duration since...

The Dow Jones Index was down six points this week, effectively unchanged from last week’s close. Below is the Dow Jones in daily bars.  I circled this week’s data, and what little market action we saw this week.  Be ye a bull or a bear; don’t get discouraged as...

Gold sector is on a major sell signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal. 

The number in the title is in honor of the boldest forecast burped up by the gold community in February as the metal (and the miners) jerked upward and jerked the holdout would-be enthusiasts into the market. It was included in the anonymous (but real) quotes from a...

Here are today's videos and charts.

It's hard to believe, but the year 2019 is already about 15% in the books. So, with two months behind us, perhaps it's a good time to check in, assess what we've accomplished thus far in COMEX gold and silver, and then look ahead to what's coming as the year...

When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically.

The gold miners’ stocks have been climbing higher on balance, enjoying a solid upleg that is gathering steam.  That’s fueling improving sentiment, driving more interest in this small contrarian sector.  This gold-stock upleg is likely to grow in coming months,...