Gold Editorials & Commentary

The Friday jobs report could bring a pause in the current rallies but then I think we rally right into September!

The gold miners’ stocks have been hammered to deeply-undervalued levels in recent months.  Slammed by heavy gold-futures selling driven by an extreme parabolic US-dollar surge, the gold stocks have been largely abandoned.  That left their stock prices anomalously...

The real price of gold has started to trend higher. When we say “real” price of gold, we refer to gold’s performance against the other asset classes and markets. We monitor gold’s performance against the stock market, foreign currencies, and commodities.

After a decade of low-interest rates, the Federal Reserve has surprised the market not only with its interest rate hikes but also with the aggressiveness of the pace.

Traders expect the U.S. Fed to soften as Chairman Powell suggested they have reached a neutral rate with the last rate increase. The US stock markets started an upward trend after the last 75bp rate increase – expecting the U.S. Fed to move toward a more data-driven...

Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized quarterly rates). As the chart...

Gold has just witnessed a successful support test of a critical level which keeps the technical model bullish until proven otherwise. In this article, we will detail the technical test just witnessed, and what the expected outcome will be for gold as long as support...

Two weeks ago, I wrote about the potential for a rally in gold stocks. They were extremely oversold, trading at support, and the selling was abating. Precious Metals bottomed before the Fed decision last week and jumped higher following the decision. This week they...

Doug Nolan, author of Credit Bubble Bulletin, makes the following observation about how it is the investments and nations that exist on the periphery to the main economic streams that have the most risk and see the first de-risking when things begin to crumble:

Once again, the US is facing a recession which Main Street feels, Wall Street whistles past, and DC simply denies. Below, we look at these recessionary forces and delusional policy makers in the context of blunt-speak rather than Fed-speak so that we can best...

Oil and gasoline prices continue to fall.  That’s relieving some inflationary pressures, yet gold is surging in a dramatic rally from my $1675 buy zone.

In yesterday’s analysis, I wrote the following right below the USD Index charts: This move is in tune with what we saw at previous local bottoms. The RSI moved slightly below 50, and it’s the turn of the month – this combination was enough to trigger rallies in the...

The Affordable Care Act, No Child Left Behind, and the USA PATRIOT Act received new competition for the title of Most Inappropriately Named Bill when Senate Democrats unveiled the Inflation Reduction Act. This bill will not only increase inflation, it will also...

In this 30-minute conversation with Elijah Johnson of Liberty Finance, Matterhorn Asset Management principal, Matthew Piepenburg, discusses the recent Fed rate hike and its broader implications for global markets in general and the gold price in particular.

The time is now for the broad market rally to gain a following. It’s a bear market. The trends make that assertion, not me. But as noted in an NFTRH update on July 28th…

With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy.

As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Gold is rallying 2.1% this week to bring spot prices to $1,772 an ounce.

The best performing precious metal for the week was silver, up 8.88%, likely on short covering around the Federal Reserve hiking the borrowing cost. Gold climbed this week after the U.S. economy shrank for a second consecutive quarter, reports Bloomberg, pushing the...

Despite gold’s latest move higher, its outlook remains bearish. If its 2012-2013 pattern is to repeat, it means gold is now preparing for a big fall.

Last week's price action served to remind us that big rallies and even entire bull markets are driven mainly by short covering. This doesn't happen by accident; Wall Street's quasi-criminal masterminds set short squeezes in motion using news as a catalyst.

John Feneck from Feneck Consulting joins us today to give his opinion on the Silver, Gold, Palladium, and other mining stock markets.

Last week's trading saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1727.00 figure. From there, a sharp rally was seen into late-week, with the metal pushing all the way up to a Friday peak of 1784.60 - also ending the week at or...

As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly...

First we start with our title's last word: "recession". If you do the math and/or are a regular reader of The Gold Update, you well-understand that the U.S. Gross Domestic Product ex-inflation just recorded its fourth consecutive quarter of shrinkage.

Professional economists, perhaps tired of being asked, years ago formed a committee to officially mark the beginning and end of recessions, the NBER (Nation Bureau of Economic Research) committee considers a variety of data, but its final decision is subjective.

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

The gold miners’ stocks have been thrashed in recent months, crushed as heavy futures selling slammed gold.  That obliterated any residual sector bullishness, leaving gold stocks wildly-oversold and deeply-out-of-favor.  But having weathered a rough early summer,...

Our proprietary cycle indicator is now UP. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term sell signal. GDXJ is on short term buy signal.

It’s been three and half tough months for gold and silver investors. Stock market and crypto investors have been suffering since November 2021 already, though. Now, after a bloodbath of almost 400 USD in the gold market, last week’s reversal looks promising. Gold –...

You may recall that your secretary/treasurer long has lamented "the rich countries insisting on being poor," the still-developing countries with large gold resources and even large gold production that nevertheless have declined to incorporate the metal into their...