Gold Editorials & Commentary

Maybe get a bottom today, or FOMC on Wednesday but watch out for options expiration on Friday. Either way, we have all the signs that we are near the bottom.

Most market analysts believe the Fed got inflation wrong.  They feel higher prices are not transitory and the strong arm of the Fed will push gold modestly lower in 2022.

In Monday’s gold analysis, I emphasized that there was very little to say about gold’s movement, and the same is up-to-date also today. Consequently, the full version of today’s analysis focuses on fundamental issues and only a small technical note is added at the...

“Woe to you, oh earth and sea, for the Devil sends the beast with wrath, because he knows the time is short (...). Let him that hath understanding count the number of the beast,” says the Bible. The current number of the beast is not 6.66%, but 6.8% - this is how...

The best performing precious metal for the week was platinum, up 1.01%, likely responding to substitution demand. The Perth Mint said gold coin and minted bar sales totaled 115,872 ounces last month, the highest since March, according to figures on its website....

More and more Americans aren’t buying the Wall Street fairy tale, no matter how heavily it is promoted. Consumer prices are rising at the fastest pace in 40 years. The official report for November showed an increase of 0.8% versus October (9.6% annualized) and 6.8%...

One swallow doesn't make a summer, but when it comes to slower inflation pressure, there have been several. Will the narrative change soon?

The gold futures contract gained 0.46% on Friday, as it retraced its Thursday’s loss of 0.5%. The market continues to fluctuate following the late November decline and a breakdown below the $1,800 level. It sold off in a reaction to strengthening U.S. dollar and...

The recently released November statement of account of the Bank for International Settlements contains information suggesting an increase of about 37 tonnes in the bank's gold swaps, from 414 tonnes in October to 451 tonnes in November. 

The ongoing Battle of Wall Street has entered a new phase last week. Until recently, with few exceptions, it was mostly the Bears who were on the offensive. The covert Bulls were content to keep their defense of the market quiet, doing just enough to maintain a bit...

Last week's action saw the gold market locked in a choppy consolidation, with the metal forming its peak in Wednesday's session - doing so with the tag of the 1794.30 figure. From there, weakness was seen into an early-Friday low of 1770.40 - before bouncing off the...

Last week, it looked as if the bubble in the stock market could have popped.  On Wednesday (December 1st) the Dow Jones closed with a BEV of -6.62%, well outside of scoring position. 

Without looking... Think quick! What is the price of Gold right now? (HINT: If you read last week's missive, you already know the answer).

Last week we wrote about potential downside targets in Gold and Silver. They are in a correction and have been in a downtrend that has begun its 17th month.

Our proprietary cycle indicator is DOWN. Gold sector is on long term SELL signal. GLD is on short term sell signal. Our ratio is on sell signal.

“Do you love me?”, asked gold. “Of course, my dear”, replied Jay, but his thoughts were with others: asset purchases tapering and interest rate hikes.

Gold has largely spent the past half-year grinding sideways on balance.  That lack of upside progress has sapped gold’s excitement and bullishness, leaving investors apathetic.  Spawning something of a vicious circle, gold can’t go anywhere without sustained...

Fundamentals are as strong as ever, but gold has to go some way down before it can resume its uptrend. Think of Moria from The Lord of the Rings.

Geopolitical tensions between Russia and the US are heating up again. The WSJ (12/07) reported:  “President Biden warned Russian President Vladimir Putin that the U.S. and its allies would meet a military invasion of Ukraine with strong economic penalties, moves to...

That the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates. Rising bond yields, falling equity markets and...

With an understanding that there is always much more in play than nominal charts (the macro & sector fundamentals for example, which bounced of late but never did definitively flip positive), let’s review said nominal charts of gold, silver and HUI along with an...

I have good and bad news. The good is that the price of gold rose 2% in November. The bad –is that the price of gold rose 2% in November. It depends on the perspective we adopt. Given all the hawkish signals sent by the Fed and all the talk about tapering of...

As Bitcoin made new all-time highs in recent weeks, an increasing number of investors referred to it as the “new gold.”

Once you remove the biggest buyer from the market, what is the clearing price for bonds to find buyers?

We review the charts with Gareth and discuss what he is thinking right now about the markets and how he is trading the commodities.

The Biden administration is moving aggressively to raise revenues by any means necessary – including going after precious metals held in so-called “home storage” or “checkbook” retirement accounts.

When someone plays with fire, that person eventually get burned. Most of the stocks Cathie Wood puts in her ETFs are the equivalent of playing with a blow-torch near puddles of gasoline. In 1999 retail “daytraders” partied until 1999 ended. A year later most retail...

Britain lost the Battle of Yorktown in 1781. After 80 years, there was the US civil war, in 1861. About 80 years later, on December 7, 1941, Japan attacked Pearl Harbour. Today, December 7, 2021, is another 80year anniversary for America. Does more conflict lie...

Nonfarm payrolls disappointed in November. As the chart below shows, the US labor market added only 210,000 jobs last month. This number is much lower than both October’s figure (546,000 gains) and the market expectations (MarketWatch’s analysts forecasted 573,000...

So, gold miners moved higher yesterday. What does this daily rally change? Nothing. There are days when things are particularly interesting and many things change. Yesterday was not one of those days.