Gold Editorials & Commentary

A wild week for markets…which gapped most days leaving us out of the trade for the most part. I just can’t really hold much overnight with a gap one way or another quite likely according to recent history.

With my background as a highly regarded professional engineer in the energy business, I enjoy the mathematics of Elliott Wave Theory (EWT). As the highest scoring student at one of the original Elliott Wave courses put on by Robert Prechter decades ago, I fell in...

Baa, baa. That’s the sound of the sheep that follow the crowd spouting bunkum that gold can’t go up if the US dollar goes up as well. This fallacy has been shown over the past couple of months for what it is – complete nonsense.

Now that 2014 has closed, we want to present our view of where markets are headed in 2015 in a series of articles. Toward the end of this series, we will cover real estate and the economy, something slightly different than what we normally cover in our daily market...

All markets have always been cyclic…they go into a Bull market phase and end in a Bear market correction…over and over and over again. Only duration and magnitude vary. Therefore, to determine what to expect going forward, an analyst needs to carefully study the...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. A bear market rally is in progress. COT data suggests lower metal prices overall going forward.

Chalk this up as another article I hadn’t planned to write, but was inspired by the incredible events of the day. To wit, following the momentous events I discussed Wednesday, today’s historic Swiss National Bank announcement – and epic Euro plunge – has shifted...

It would seem that last week’s rally in gold was Swiss National Bank-driven, plain and simple. It is difficult to get a handle on the ramifications of what just happened with the Swiss “unpegging” from the Euro. It was becoming prohibitively expensive for the SNB...

In early July 2014, Mark Bristow Randgold Resources CEO, said the gold mining industry was fundamentally broke at a gold price of US$1,300.00/oz.

Crude Oil, DOW, Gold Key Breakout, Silver, GDX & GDXJ analysis via videos.

Switzerland has abandoned its 1.20 peg to the euro causing some of the biggest one-day movements in foreign exchange markets in living memory. The Swiss franc soared 16 per cent against the euro. Gold and silver also gained in a flight to safe havens, with gold up 2...

It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was...

Gold surged in dollars, pounds and especially euros yesterday after the Swiss Natonal Bank (SNB) caused turmoil in markets. Spot gold surged $30.50 or 2.48% to $1,258.50 per ounce and gold in euro terms rose by 4 per cent from EUR 1,044 to over EUR 1,085 per ounce,...

Bear markets end with extreme bearish sentiment but positive price action is needed before a trend change can be confirmed. That can include (among other things) breaking downtrends, breaking resistance and breaking the pattern of lower lows and lower highs. There...

Six years. That’s the longest duration of time that U.S. equities have consecutively risen. Since 1871, it’s happened only twice—once between 1898 and 1903, and again between 2009 and 2014.

When the only tool in your kit is a hammer, every problem looks like a nail. When the only tool in your kit is a currency board, then…. Over the last month or so, I’ve read several pieces calling for Russia to set up a currency board today, just as Keynes did for...

In our opinion no speculative positions are currently justified from the risk/reward perspective. Being on the long side of the precious metals market with half of the long-term investment capital seems justified from the risk/reward perspective.

For weeks I have been predicting that precious metals and the junior gold miners would bottom and outperform in January. Now gold is breathtakingly breaking above the key 200-day moving average and breaking four month highs as the world looks to gold as a safe...

Famed investor Marc Faber, famously known as "Dr Doom" for correctly forecasting market crashes and for having a perennially bearish outlook, expects gold prices to rise by 30 per cent in 2015. In Indian rupee, gold could surge from Rs. 27,000 to Rs. 35,000 per 10...

The biggest question for investors today is that whether or not rates will rise in 2015. The Fed may raise rates a token amount this year, but the move will be largely symbolic. With over $100 trillion in bonds and over $555 TRILLION in interest rate derivatives...

The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is meant to declare that the stimulus for the recent out performance is much healthier than it was last summer...

The prospect of a Syriza victory in the Greek elections next week has been gold price supportive, but beware – it’s not a foregone conclusion. Some of the recent positive action in the gold price has been due to fear of a Syriza win in the Greek election next week...

As the highly leveraged global financial system moves closer towards an epic collapse, investors unwittingly continue to pour money into the Mutual Fund Market. According to the ICI – Investment Company Institute’s Q3 2014 Report, net inflows into Mutual Funds...

The historical record indicates that the gold-mining sector performs very well during the first 18-24 months of a general equity bear market as long as the average gold-mining stock is not 'overbought' and over-valued at the beginning of the bear market....

In 2011 gold and gold mining stocks topped…and since then prices have been falling. I think there are several reasons for this with the main ones being the strengthening dollar, and the fact gold and gold stocks were the most talked about investment I had ever seen...

In mainstream media coverage last year, gold was largely either ignored or despised. The winner for most derisive commentary might be Citigroup Chief Economist Willem Buiter, who labeled gold “shiny bitcoin” and said “no bank should hold it in reserves.”

I expect global jewellery demand to support consistently higher gold prices, well into the month of February. That’s partly because Chinese stock markets had a tremendous performance in 2014.

With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some monthly...

We have so far analyzed the current situation in the oil market, suggesting that falling oil prices can indicate another recession in the not so distant future. So the obvious question arises: would it be positive or negative for the gold market? The answer depends...

The lesson is hard but simple – when trading or investing PRECIOUS INVESTMENT CAPITAL DO NOT listen to emotional or fear-based ideas. Instead, do your own analysis and STUDY THE PRICE CHARTS. You will never go wrong by listening to what the market tells you.