Gold Editorials & Commentary

Bear markets inevitably follow bull markets. The question that everyone usually has is how long can a bull market last and how would one know when the bear market is getting underway. The current stock market bull market is entering its fifth year if one counts it...

ANDREW DICKSON WHITE ENDS HIS CLASSIC HISTORICAL ESSAY on hyperinflation, “Fiat Money Inflation in France,” with one of the more famous lines in economic literature: “There is a lesson in all this which it behooves every thinking man to ponder.” The lesson that...

Gold is the simplest of financial assets - you either own it or you don't. Yet, at the same time, gold is also among the most private of assets. Once an individual locks his or her safe, that gold effectively disappears from the market at large. Unlike bank deposits...

We find it truly extraordinary that anyone is surprised the financial system is under duress again. After all, what have the Central Banks accomplished in the last five years? Did they clear out the bad debts that caused the 2008 collapse? NOPE Did they implement...

Our Blog started to recommend short positions on select stock market sectors starting on Jan 16 through Jan 23, because we believed that a shift was taking place that would reverse existing trends that have been in place since 2011, and possibly even 2009. Our...

Back on January 15th we wrote an article and also a Elliott wave forecast for both the public and our subscribers showing a likely top at a maximum of 1868 on the SP 500. We said that Elliott Wave Major 3 of Primary Wave 3 would top no higher than that level. In...

Markets tend to have no set rules that always work. Especially on shorter term time frames. But as you stretch the time frame out to the longer term general guidelines start to form for how markets behave. This includes concepts such as bear markets following...

Our intraday outlook is neutral, and our short-term outlook remains bearish: Intraday (next 24 hours) outlook: neutral. short-term (next 1-2 weeks) outlook: neutral. Medium-term (next 1-3 months) outlook: neutral. Long-term outlook (next year): bullish.

Earlier this week, the U.S. currency erased some losses against the euro, yen and Swiss franc. However, the greenback moved lower against the British after data showed that construction output in the U.K. rose at the fastest rate since August 2007 in January,...

As you know, I am the ultimate contrarian. I take nothing at face value especially government announcements and put everything under the microscope of common sense, free market capitalist economics. Instead of beating my own drum, my regular readers already know...

As I expected, the US Fed pulled the trigger and announced an initial "taper" of the Quantitative Easing (QE) program. Starting this monthly purchases of T-Bills and Mortgage Backed Securities will be reduced by $10 billion.

On Monday, crude oil lost 0.84% as weaker-than-expected U.S. and Chinese economic data fueled concerns over crude oil demand. Thanks to this news, light crude closed the day below $97 for the first time since January 27.

Global stock markets are tumbling. While mainstream media personnel discuss a “short and healthy correction”, many value-oriented investors believe that most stock markets are entering a significant bear market.

In Part I, we discussed the concept of arbitrage. We showed why defining it as a risk-free investment that earns more than the risk-free rate of interest is invalid. There is no such thing as a risk-free investment, and in any case, economics must be focused on the...

It's been my opinion now for a the last year that the bull market that started in March of 2009 at 666 on the S&P500 would come to an end either in late 2013, or early 2014. I'm confident that will be the case, but based on the cyclical pattern of the current...

Bearish rhetoric is once more reaching extremes FOLLOWING the tumbling of stocks to new recent lows, a decline that many market commentators have once more latched onto as a consequence of Fed Tapering of QE or more accurately money printing, this despite the fact...

Despite the poor start to 2014, there is still room to debate whether U.S. stocks have entered a bear market. My own forecast, made several months ago, calls for a final Dow run-up to 17622. I’d need to revisit that scenario, however, if January’s weakness gathers...

The U.S. stock market has been moving higher for a long time – largely driven by the Fed’s easy money policy, zero interest rate policy, Quantitative Easing, and lots of hype. An important high probably occurred in December. Look out below! There is potentially a...

Somewhere along the road from the 2000 bottom in gold stocks to the 2008 flame out of inflationary hysteria, the gold stock sector went from counter cyclical first mover to ‘inflation trade’ also ran. Gold stocks put in a secular bear market bottom in 2000 just as...

Before we get into the charts I have seen several questions on what type of trader is Rambus. There are basically three types of traders. The short term, the long term and the intermediate term. I’m an intermediate trader that looks for the impulse move when a...

We sold our Precious Metals sector holdings on Monday 27th January, which we had bought just a few weeks earlier, in order to sidestep a possible reaction. The reason for this was that both gold and silver had arrived at important trendline resistance and some of...

Recent price action in the stock market has many traders on edge. With the market closing below our key support trend line last week, the market has now technically starting a down trend.

Markets continued to weaken most of the week and we were waiting for a nice bounce all week that finally came Thursday and there were some very great day-trading chances as a result. It’s not a market to take a long view in and I am not holding any positions...

The US will eventually experience hyperinflation, but "eventually" could be long after we are all dead. Therefore, rather than making the case that hyperinflation will eventually happen, it is more useful to ask the question: What is the probability of...

Back to Bafin. BaFin is an authority truly independent of the Bundesbank, unlike the Financial Conduct Authority in London, which is a division of the Bank of England. And indeed how can you otherwise be a supervising authority if you are not fully independent? And...

So far, January 2014 has become a part of the failed rally for gold and silver that was so widely expected in 2013. That has not stopped the renewed enthusiasm for 2014 being THE year for the long awaited rally-to-the-sky. Anyone who reads our commentaries on a...

Long-term – on major sell signal since March 2012. Short-term – on mixed signals. Gold sector cycle – up as of 12/27. COT data is now favorable for lower metal prices.

Current investing model favors equities and both the growth and energy sector are on major buy signals. However, there has not been a multi week correction in the major indexes since Nov 2012, most likely due to the four year cycle phenomenon and influence....

There was no doubt about it in 2013. If the Fed were ever to cut back on its five years of massive QE bond-buying, bond prices would collapse.

N THE CONTEMPORARY GLOBAL FIAT MONEY SYSTEM, when the economy goes into a major tailspin, both the unemployment and inflation rates tend to move higher in tandem. The word “stagflation” is a combination of the words “stagnation” and “inflation.” President Ronad...