Gold Editorials & Commentary

Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 December, after which these notes will have no redemption value. Together with...

Gold down 13% in 13 trading days since Trump election. Factors that have led to lower gold prices. Trump bearish for gold in coming four years? ‘Trumpflation’ cometh. Sharia gold – vaulted gold accessible to 110 million new investors. What to do? Diversify and...

Some pretty good economic reports have energized various parts of the financial markets lately. Consumer spending is up, GDP is exceeding expectations and even factory orders, that perennial downer, popped this morning.

Those interested in gold are always on the lookout for news regarding the amounts of gold held by Central Banks around the world. Abundant gold held by Central Banks is generally supposed to further the cause of a return to the gold standard, but strong Central...

You know who they are; they are the ones who denied and denied the ginned up bull market in US stocks that nearly tripled under the socialist regime, circa 2009-2016. They are the ones who clung to gold well past the caution point last summer. They are (yes, it’s...

Most of gold’s downside is geared not to the financial decisions of millions of investors around the globe, as the mainstream media would have you believe, but rather to linear computer algorithms geared to the dollar index. The trading part of the software has...

In our view, the systemic risks that existed prior to the presidential election have not suddenly vanished. Most important among these is a massive bond-market bubble. Close behind, equity valuations remain at historically extreme levels. How the new administration...

I’ve been in the financial industry a long time, and I’m continually amazed at the market’s astuteness in making reliable, actionable forecasts. Consider the run-up to this year’s election. Nearly every poll pointed to Hillary Clinton taking the White House, with...

The US$ oil price and the Canadian Dollar (C$) have tracked each other closely over the past 2 years. When divergences have happened they have always been eliminated within a couple of months, usually by the oil market falling into line with the currency market.

Two weeks ago, I noted that we had a completed pattern to the downside in the equity market and it was time for the equity market bulls to step up. And, boy, did they ever. Now, it is time for the metals bulls to do the same. But, it seems I cannot find them.

In yesterday’s alert we wrote that staying on the sidelines appeared to be a good idea for the next several days as the short-term outlook became more bullish, even though the medium-term outlook became more bearish (due to the USD’s breakout). Actually, at the...

Short-Term Update:

When the price of gold enters a key buy or sell zone, it’s better to think less, and simply act with firm buy or sell action! There were a lot of reasons why gold should have gone higher in the $1305 - $1320 area, and it did go to about $1380, but that doesn’t...

We continue to be bearish on gold as we have been for months. In fact our only recent change is that we are expecting a significant low earlier in 2017 than previously forecast. We have consistently maintained that this bearish phase is just a short-term...

Today’s rising interest rates and trillion-dollar losses in global bond markets are prelude to what is to come, i.e. rising inflation with higher interest rates ending in the bursting of the global government bond bubble and the long awaited breakout of gold.

Let’s start by recognizing that there is absolutely no holy grail to investing or trading. Rather, we only deal in probabilities when working within non-linear markets. To that end, there are a multitude of methodologies that are utilized in the market to gain an...

On election night, as political analysts were coming to terms with the possibility of a Trump presidency, the Dow Jones futures plummeted over 800 points, and Japan's benchmark Nikkei 225 plunged more than 6.1%. Investors across the country went to sleep with...

As all are well aware the price of gold initiated a new bull market since December 2015 (rising from $1,050 to its $1,376 peak in early July this year. Indeed it was a spectacular bull price run where gold soared more than +30% in only six months. Indeed spectacular...

The best performing precious metal for the week was palladium with a 7.14 percent gain. Bloomberg highlighted that automotive production in China grew 34 percent in September and 18 percent in October. As other gold investors are heading for the exit, billionaire...

The Trump Presidency has distracted from the next major move to be implemented by Financial Elite. That move is a cash ban. Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks.

The prices of US government debt securities have been falling since early-July and plunged over the past two weeks. This prompts the question: Where did all the money that came out of the bond market go?

Physical gold is a “hedge against governments,” a “long-term position” and is still “on a buy signal” in the longer-term according to Dominic Frisby writing in the UK’s best-selling financial publication Money Week this week.

Short-term investor sentiment may have turned bearish towards gold over the past week, but 2016 is still shaping up to be a very strong year for overall demand. Part of the reason is that central banks are still buying aggressively.

For the last two weeks, since the US elections, we’ve been discussing the possibility of strong inflection points building out on many different areas of the markets. These are areas where the markets can turn on a dime leaving those folks looking one way while the...

“The problem with central banks is that they increase the quantity of money in the same way that the problem with piping sewage into a swimming pool increases the quantity of water.” It’s not really about the quantity, is it? It’s about the quality.

SPX is giving us warning that it is at a short-term high and ready to begin a correction which, based on the timing of some minor cycle lows, could extend into early December.

Stocks present nothing special, even though indexes are acting nicely for now. Shipping stocks continued their wild upside action until they didn’t. Consequently, I ended up with some losses, since I didn't handle the trade properly. The odd time I play things wrong...

It has been almost two weeks since Donald Trump has been voted into the White House - and the mass media is finally getting their heads around his victory. Most analysts (well, actually all of them) predicted a victory for Trump would be excellent for the precious...

Let's start with this quote from last week's missive following Gold's post-election fallout: "Technically, we ought label this as 'technical damage'; however, given our expectations of the markets remaining nothing short of zany over the ensuing weeks, we hesitate...

Charts only indicate probabilities, not certainties. At the time of the last update, gold was setting up for another upleg within the uptrend shown on our 1-year chart below, but this was predicated upon the expected Clinton victory, so when Trump won instead, this...