Gold Editorials & Commentary

Last week's trading saw gold holding in consolidation mode for the greater-majority of the week, before forming both its high and low in Thursday's session. The high was made at the 1789.90 figure (June, 2021 contract), before dropping down to a bottom of 1754.60....

Let's admit it right off the top: Gold did not reach our anticipated near-term target of at least 1800. "Well the week's intra-day high of 1790 was pretty close, mmb..."

The Dow Jones lacked one important item last week; a little excitement.  In fact, that has been true for the past two weeks.  That’s how it goes sometimes.

There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before major cycles take over and it comes to an end

During the past week, we had to endure yet another Fed Open Market Committee (“FOMC”) meeting during which we were spoon fed ample dollops of hopium sprinkled with equal portions of hubris and deception. As the “prepared remarks” were being delivered in...

Gold sector remains on long-term BUY at the end of April. Gold has found major support, and next resistance is at 1950.

Recently, my colleague, Egon von Greyerz, and I had some unabashed yet blunt fun calling out the staggering levels of open hypocrisy and policy desperation unleashed by former Fed Chairman, Alan Greenspan.

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

Although spring has begun, we can still find ourselves in winter, or even summer. Gold may benefit from such a seasonal aberration. Oh, how wonderful, spring has finally started, hasn’t it? We have April, after all. Well, in calendar terms, it’s indeed spring, but...

Gold investment capital flows are a primary driver of gold-price trends, fueling both major uplegs and corrections.  Massive outflows from dominant gold exchange-traded funds really intensified gold’s recent extended correction into early March.  But gold’s young...

Gold started its decline without anyone’s assistance. And when the USDX takes off, that downhill tumble can only increase. The USDX declines and the precious metals sit by idly, twiddling their thumbs. If they had the strength that’s being talked about, they should...

“March 2021 Producer Prices exploded across the board, with record levels of annualized First-Quarter 2021 Inflation of 8.99% for Total PPI-FD, 16.04% for PPI-FD Goods Sector and 5.62% for PPI-FD Services Sector (BLS)…On the more-meaningful Goods side, Energy and “...

Modern Monetary Theory or MMT, as it's better known, is a recurring theme that's not likely to go away. However, there's nothing modern about it, it's not about money (it's about currency), and it's no longer a theory.

On Wednesday (Apr. 28), the FOMC has published its newest statement on monetary policy . The statement wasn’t significantly altered. The main change is that the Fed has noticed the progress on vaccinations and strong policy support, and that, in consequence, the...

 “Survivalism,” wrote Evan Osnos in a 2017 article for The New Yorker, “the practice of preparing for a crackup of civilization, tends to evoke a certain picture: the woodsman in the tinfoil hat, the hysteric with the hoard of beans, the religious doomsayer. But in...

The expectation for a much higher gold price resulting from huge money creation by the Federal Reserve is shared universally by investors, analysts, and others.

Q1 saw gold demand of 815.7t. Strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover.

Although we tend to focus more on the fundamentals here at Money Metals, the technical indicators can offer important insights. Such as right now.

“Read my lips: No New Taxes” Bush Sr said in his acceptance speech for his nomination in 1988 when he promised no tax rises. As most politicians, he didn’t keep his word. In the 1992 campaign Clinton made a devastating attack on Bush’s pledge and the rest is history...

Even the smallest moves can be of utmost importance to a number of investors. This time, the USDX was the one to give a subtle nod to the upcoming changes.

The past year has been a remarkably interesting time for precious metals and especially for silver. The metal had spent many years in the shadow of its “big brother”, but it made an impressive, roaring comeback that grabbed headlines and mainstream interest. 

It can be persuasively argued that the bull era for gold has been here since the beginning of civilization.  The D-grade track record of government money against gold, silver, and now crypto… is indisputable.

The S&P GSCI Index is strongly correlated with the price of gold. When the USDX goes up, the former does the exact opposite - and gold may follow.

The Governing Council of the European Central Bank met last week, keeping its monetary policy unchanged. The inaction was widely expected - no surprises here. The June meeting could be much more interesting as the ECB will have to decide whether or not to slow its...

Is Bitcoin losing its luster? Prices for the cryptocurrency have slid from a high of over $64,000 on April 14th to under $48,000 in trading this past weekend. The 25% sell-off would be akin to a crash in the S&P 500. But for crypto markets, that kind of...

Indicators are pointing to gold and mining ETFs running out of breath. They don’t seem to have what it takes to the move to the finish line. Despite gold, silver and mining stocks’ recent corrective upswings, the precious metals are running out of steam. After...

In 1932, a couple of songwriters named E.Y. “Yip” Harburg and Jay Gourney were struggling to come up with a song for a new musical called “New Americana” when returning to the studio , they were approached by a frail, young man with upturned collar and hat pulled...

In economic forecasting, reality is usually somewhere between the extremes. The best-case and worst-case rarely happen. That’s why, when they do happen, markets react so quickly to the “missed expectations.”

Prior to the presidential election, I expressed my concerns regarding how things would change should Biden be the winner. That of course came to pass. I have tried to keep my comments to a minimum until more is known of the changes that are to be made on his watch....

Last week's trading saw the gold market forming its low again into Tuesday's session, here doing so with the tag of the 1763.50 figure (June, 2021 contract). From there, a firm push higher was seen into Wednesday, with the metal running all the way up to a peak of...