Gold Editorials & Commentary

LONDON DELIVERY gold rose back to last week's closing level of $1395 per ounce Thursday morning, reversing an overnight drop of 1.0% as Asian stock markets rose but Europe stocks held flat.

Tonight I would like to show you some charts on the US dollar that is finally showing a little action after a month or so of chopping around towards the lows. I have many different looks that might give us a clue or two on what to expect over the next month or so....

In the previous articles and in the previous Market Overview report we discussed the unique macroeconomic position of gold (gold is a system hedge). The main conclusion was that gold is something else than its highly touted reputation as an inflation-hedge.

Shock waves are washing ashore across Asia and the emerging markets and have already destabilized sovereign capital flows. It is eerily reminiscent of the Asian Crisis of 1997. Many are quick to point out that this time it is different because.... These are words...

Since Nixon “temporarily closed the gold window” in 1971 all currencies have been created as debt, not as asset backed real money, like a gold Double Eagle.

WHOLESALE GOLD fell back below $1400 per ounce for the third day running Wednesday lunchtime in London, dropping to $1393 and trading 1.7% below yesterday's high as crude oil and world stock markets both fell 0.5%.

Gold has been outperforming both stocks and long-dated Treasuries in recent weeks. Below are four possible scenarios for the yellow metal looking out several weeks:

Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.

Last week gold rose to its highest level since mid-May as possible military action against Syria prompted safe-haven buying. It’s worth noting that the yellow metal gained over $250 an ounce from its June low of $1,180.71, but in spite of this growth it is still...

“Gold prices are likely to moderate to 1,300/oz by the end of 2013 and then gradually decline to 1,100/oz by the end of 2014 as economic growth in major economies regain momentum as investors increase their demand for riskier assets, National Australia Bank says in...

Actions have consequences. In the market for any physical good (i.e. a commodity), though the laws of supply and demand can be warped, and their corrective dynamics delayed – through brute-force manipulation – they can never be permanently resisted.

Gold prices climbed back above the $1,400 an ounce on Tuesday after Interfax reported that Russia detected a missile launch. A Russian Defense Ministry spokesman quoted by the Interfax news agency said the launch was picked up by an early warning radar station at...

WHOLESALE London prices for physical gold jumped $15 from a drop to $1384 per ounce Tuesday morning, gaining after the Interfax news agency in Russia – political ally of Syria's President Assad – reported two "objects" being fired in the Mediterranean, towards the...

We occasionally see articles where the monetary base is wrongly discussed as if it were akin to the money supply or as if the change in the monetary base indicated the amount of monetary inflation in the economy. We'll now outline the differences between the...

From today’s point of view, it seems that the situation hasn’t changed much since our last Oil Update, because light crude is trading between $105 and $107 per barrel once again - just like it did a week ago.

Russia the world’s 4th largest gold producer is also converting petro-dollars into gold. According to a Bloomberg story when Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He has putting money...

The lovely Miss Puddy once again accompanied me on another trip. This time the destination was Detroit. I wanted to see the famous Detroit Institute of Art before the bankruptcy judge ordered all the pieces to be sold. There has been a lot of ink spilled on...

If you do not use stops in a market, do not complain about giving back profits or taking larger losses. That is the negative approach to handling one’s portfolio, and for some reason, more the norm for stock investors/traders.

HAS THE GOLD MARKET MADE ITS LOW? -- I have been burning the midnight oil since the beginning of July trying to figure out an intelligent and useful answer: I now finally feel confident enough to state that June 30th was most likely the low for GOLD, SILVER and the...

I spent the decade of the 1960s in and around Los Angeles (Ah! them were the days). There was a music radio station that focused on the “oldies” (yes, there were oldies, older than the 60’s). I still remember their slogan, which went something like this: “First...

The PRICE of gold bullion bars slipped Monday morning, recovering early $25 drop in quiet dealing as Asian and European stock markets rose following strong manufacturing data.

The Gulf War (2 August 1990 – 28 February 1991), code-named Operation Desert Storm was a war waged by a U.N.-authorized coalition force from 34 nations led by the United States, against Iraq in response to Iraq's invasion of Kuwait’s oilfields http://en.wikipedia....

In a week of no news relevant to gold and silver, gold slipped under the 1400 level, for some “unknown” reason, while silver just slipped a little. Friday marked the close of the week and month, for charting purposes. A look at the Quarterly, in progress, seemed...

Now that gold has broken its daily cycle trend line I think we can assume that the daily cycle decline has probably begun. My best guess is that we will see gold drop into next week's employment report and test the support zone and intermediate trend line around $...

A very quiet week all in all with many trader taking off mid-week for an extra long, long weekend. We will see many participants return to work next week and volume should once again begin to pick-up.

Gold finished Friday down $10.60 on average volume to 1396.20, with silver down $0.35 to 23.56 also on average volume. The gold/silver ratio rose to 59.26. It appears that the correction from seriously overbought silver is proceeding apace, although the lack of...

As if the federal government were not already doing enough to kill the U.S. airline industry with restrictive workplace rules, over-regulation, and a monetary policy that supports higher fuel prices, earlier this month anti-trust authorities at the Justice...

The good news is: There has been no significant increase in new lows on the NASDAQ. The negatives: New highs have disappeared.

The war drums are beating. This has driven gold higher and the June lows look like a classic bottom. Think about it. Gold had been dribbling down all year, but when the Fed began its tapering talk in mid-June, it pushed gold down to new lows.

In late June, only 8 weeks ago I alerted all of my readers to a major buy signal in precious metals and energy. I was absolutely amazed at the investor euphoria in equities at the time and the pessimism in precious metals and commodities and predicted correctly...