Gold Editorials & Commentary

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. COT data suggests lower metal prices overall going forward.

The gold and silver stocks have put in a bullish weekly reversal but Gold and Silver have not confirmed it. The interplay between the metals and the shares has been complicated in recent weeks. Hopefully this missive will make some sense of it as the two groups are...

Globally systemically important banks (G-SIBs in the language of the Financial Stability Board) are to be bailed-in if they fail, moving the cost from governments to the depositors, bondholders and shareholders.

First off, let me re-emphasize the most valuable piece of financial information imaginable – which I have discussed ad nauseum for the past decade. Which is in executing your personal due diligence process, to make sure your information sources include the handful...

Gold Volume, Silver Short-Term, FXI, GDX & GDXJ analysis via videos:

Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits. The fundamentally-...

Big Picture – The world’s prominent central banks are pursuing an accommodative monetary policy and this bodes well for the stock market. Remember, when it comes to investing, monetary policy trumps everything else and the risk free rate of return determines the...

Capital markets are supposed to be free of manipulation yet there is little wonder that investors question the integrity of the global banking sector when its participants were so openly greedy, protecting their own interests instead of their clients.’

Gold has been steadily trending up since its early November low. The Swiss gold vote was expected so it was no surprise to see price turn back up after the initial dip in price. I still believe gold is on the cusp of a much greater rally so let’s see where things...

According to the USGS most recent data, total U.S. gold exports increased significantly in September. Not only did U.S. gold exports surge in September, they were 70% higher than the previous month. This was probably due to increased demand as the price of gold...

It is being said today's FOMC announcement is "the most important of Yellen's tenure." I could not disagree more. In the past I have written pieces regarding the potential announcements by the FOMC and come to the conclusion "what can they possibly say?" This is...

When growth slows in capital markets, the bankers’ daisy-chain of credit and debt breaks down; setting in motion defaulting debt which ends in recession, deflation or, in extreme cases, a deflationary depression.

Now that the dust from today’s wild ride, we can take a look-see how the Euro fared. In watching the initial reaction to the actual FOMC statement itself, the Euro began to move well off its session lows. It reflected the confusion that was in the minds of traders (...

I have long argued that gold would bottom around the all-in cost of production and this would provide price support. This is because as the price drops below the cost to produce, miners will be forced to shut down or suspend operations. This reduces supply and lower...

Rosy GDP numbers may have cheered the masses, but John Williams of ShadowStats.com says we're a long way from prosperity. In this interview with The Gold Report, Williams debunks the myth of economic recovery and warns that we still have serious debts to settle....

For as many years as I can remember and 2014 has been no exception, the most vocal mantra that can often be heard is one of warnings of an always imminent U.S. Dollar collapse as a consequence of a myriad of highly convincing arguments such as a soaring debt...

Oil has crashed…and now trading at roughly half the level it was just 6 months ago. There are winners and losers of course but this is not the point, the point is ...this is either the sign of a credit contraction, the cause of a credit contraction or both....

One of the most important financial questions someone of retirement age in the United States faces is when to start collecting their Social Security payments ─ and this crucial decision deserves the best possible information to work from.

Russia’s currency market witnessed further huge volatility again today. The finance ministry said it would start selling foreign exchange which are primarily in dollars. This appeared to reduce selling pressure on the battered rouble.

I keep thinking back to the story I related several weeks back; of how, with not a shred of knowledge of the character or intelligence of George W. Bush, I voted for him in the 2000 Presidential election – out of “fear” that the oilfield service stocks I analyzed,...

Will there be a stock market crash? What will happen to the dollar, gold, bonds and currencies? Recently, at the New Orleans Investment Conference, Pamela and Mary Anne Aden, known as the Aden Sisters, sat down with Axel Merk: each of them have decades of experience...

Over the last several weeks of weakness in the equity markets, we are now seeing the resurrection of another old perspective that gold acts as a “safe haven” during times of equity market weakness. And, it really plays well as a sound-byte. But, unfortunately, it is...

To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency...

Is Santa Claus coming to town this year? For US stock market investors, it looks like the Grinch just stole Christmas!

Tax selling in this vehicle could produce a climactic bottom in the weeks ahead, but the range of possible targeted lows is quite wide, depending on how fierce the washout is. There are at least two logical hidden supports where we might look for an important turn:...

India's gold imports were over a staggering 150 tonnes in November and have seen a "phenomenal" rise in India according to India’s Trade Secretary, Rajeev Kher. A few weeks ago we said that the death of the Indian gold market was greatly exaggerated. The latest gold...

The conventional view is that Fed money creation is necessarily bullish for gold and that a tightening of monetary conditions beginning with the cessation of Fed money creation is necessarily bearish for gold. It's strange that this view is popular given that gold...

One can only draw so many lines on a chart before they become completely confused on what trendline is actually important. Many will just start connecting two top points and two bottom points and calling it a pattern. That’s not how you find a chart pattern. A chart...

The beauty of the Miles Franklin blog is one never knows how it might start. In fact, I often don’t know myself, until I sit down and start typing. Moreover, now that the world is rapidly devolving to 2008-style crisis mode, there are so many “horrible headlines”...

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop...