Gold Editorials & Commentary

So it finally happened. The Federal Reserve ended its Quantitative Easing program on October 29, 2014 due to concerns that keeping QE for so long could fuel excessive risk-taking by investors. The U.S. dollar continued to conquer new heights, while gold did not...

Well here we go again. In my last month's publication of this newsletter, I was convinced that the bull market in stocks was over. I ended that publication by writing, "The Powers That Be will do everything that they can to hold back the impending stock deluge,...

Despite the junior resource sector being near a major bottom and going through a bear market of epic proportions, I still believe that this may be one of the best times to add to quality positions. Nothing perfects one’s craft in the financial markets like a bear...

Results for Swiss gold referendum were released today, ending weeks of enthusiastic bulls calling for gold to rally to new highs on a “yes” vote and countless articles speculating about the impact of the result. The Swiss people voted overwhelmingly against the...

I noticed that the recent precious metals price bounce was attributed to the decision of the European Central Bank and the Peoples Bank of China (PBOC) to go ‘all in.’

With the mounting evidence against prolonging this uptrend much farther, it is increasingly risky to remain bullish on the market until it has had a solid correction. By at least one measure, this could turn out to be a substantial one, lasting into the end of 2015...

It’s time to do a follow-up to my last Golden Bottom article. We are coming down to the wire and the action on Monday after the Swiss referendum should tell us whether gold has already formed a final bear market low, or whether we have one more drop in this...

A solid week for markets even though it was quiet, although Friday’s lack of volume allowed some stocks to be pushed around a bit. But that should not last once traders and volume return Monday. Gold and silver were also hit Friday along with oil on the OPEC...

Veteran investor Marc Faber, author of The Gloom, Boom and Doom Report, reiterated the need for gold in a diversified portfolio when interviewed last week on CNBC. Faber, a resident of Thailand, is an advocate of gold storage in Singapore, and believes that a...

Tonight I would like to update a few oil charts I posted several weeks ago when oil was breaking out of that multi year five point triangle reversal pattern.

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 a major bottom is not in yet for the metals.

While the Shakespearean reference, from “As You Like It,” compares the world to the seven ages of man, it can also be applied to the way in which the Rothschild formula for gaining control of a nation’s money supply ultimately leads to that nation’s total...

Black Friday has a few meanings. It has the retail connotation…and interestingly also marks a Friday in September 1869 when the Gold price plummeted after two speculators attempted to corner the market. Today wasn’t that bad for precious metals, but it was a Black...

We all know that the major central banks around the world are on the same page when it comes to inflation: They want it higher. One member of the European Central Bank’s executive board, Yves Mensch, went so far as to suggest that Europe’s central bank might buy...

South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there. Some of these discoveries have already been developed, with top-three producers Peru, Brazil, and Chile for example seeing their...

The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies.

If one loves to ride a roller coaster, then owning gold stocks may be for you. The above chart of the Philadelphia Gold & Silver Exchange (XAU) is enough to give anyone that sinking feeling one gets while riding a roller coaster. On a roller coaster when the...

There are just 3 days left until the “Save Our Swiss Gold” referendum this Sunday. On November 30, voters in Switzerland will head to the polls to decide whether the Swiss National Bank (SNB) should back the Swiss franc with gold by increasing its gold holdings to...

The Swiss National Bank would be forced to buy the equivalent of around 70 per cent of total global gold production for the next three years if the referendum being held in Switzerland next Monday is passed. Gold prices could easily double within a matter of weeks...

In my last analysis from 19th of October I expected Gold to break down below US$1,180.00 rather sooner than later. After a final push towards US$1,256.00 the bears took over again and Gold sold off all the way down to US$1,130.00.

The referendum on the Swiss Gold Initiative will take place on November 30.1 The Initiative demands the following: (1) The Swiss National Bank (SNB) shall be prohibited from selling any of its gold reserves; (2) the SNB’s gold reserves must be stored in Switzerland...

Gold and silver are not going to have a rally. They are going to experience a “Monster Bull Move.” The move that is ready to begin will be the largest bull move that the precious metals have ever experienced. The technical reasons why are contained in this REPORT....

For over two thousand years, China practiced what came to be known as the “tributary system,” reflecting the view that it alone was the center of the civilized world. All who wished to do business with the Chinese were considered tributary states. Rulers and...

The “strength” in the dollar appears to have been the proximate cause of the recent selloff in gold. The rise in the dollar index (DXY) is taken by most to mean that the dollar is actually strong. The chart below shows the inverse correlation between the DXY and the...

I was going to take a break from writing for the remainder of the year, but before I do I want to write one more article on gold and silver as developments now in late November may prove to be historic. No guarantee from me that gold and silver may be ready to take...

While it hasn’t affected gold significantly, the price of oil has fallen quite dramatically over the past couple of months, and that’s bad news for oil companies. Profit margins are shrinking and layoffs could be coming, if the situation doesn’t improve.

In our opinion no speculative positions are currently justified from the risk/reward perspective. Yesterday was a day when the precious metals market took a breather, but it’s not true that nothing changed at all. Friday’s breakout in platinum was invalidated. Is...

Gold prices have drifted slightly lower this week after hitting the highest level in three weeks due mainly to a stronger U.S. dollar and China’s move to cut a key interest rate. The greenback received a boost last week when European Central Bank (ECB) President,...

We saw yesterday that, although the Dollar has been strong versus the currencies of our trading partners, over the long haul – 60 years – Americans have been savaged by our government’s policies which have caused this fall in the Dollar’s international purchasing...

For most of my career in international investing, I had always placed a great deal of faith in Switzerland's financial markets. In recent years, however, as the Swiss government has sought to hitch its wagon to the flailing euro currency and kowtow increasingly to U...