Gold Editorials & Commentary

This week is hot for central banking: the Bank of Japan and the Federal Reserve have already held their monetary policy meetings. The former expanded its monetary policy easing, while the Fed remained steady. What do all these actions imply for the gold market?

Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation in the past which will clarify the swirling chaos in their crystal balls. So we've been swamped with charts overlaying recent stock market...

In this interview Egon von Greyerz explains to Paul Eberhart of SilverDoctors that the combination of the Coronavirus and the coming economic depression will change the world forever. We are now going towards a hyperinflationary depression that will eventually lead...

The gold futures contact extended its short-term downtrend on Thursday, as it lost 1.12%. It has fallen below $1,700 mark again. The market continues to trade within a downward correction following last week’s advance. Price has bounced off the mid-April local high...

April marks a second month of truly extraordinary developments in markets – from negatively priced crude oil futures to a record spike in unemployment claims to a lockdown-defying rally in stocks.

This morning, the 1st quarter GDP number showed an unexpected large drop of -4.8% and with guidance of further large drop of -27.7%.  This two quarter drops officially define a deep recession in 2020.

It is reasonably well known that many Roman emperors debased their currency (coinage). This was a very bad practice, since it is really a reflection of the debasement of the value of the kingdom (empire or country); going from a honest and just society to a corrupt...

And this could usher in the “suddenly” moment:  “The president of the Shanghai Gold Exchange (SGE) called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.” – ...

In the annual forecast that we issued back in January, we wrote that "out-sized gains" would likely be coming for the mining shares in 2020. Well...so far, so good.

The gold futures contract lost 0.09% on Tuesday, as it slightly extended its short-term downward correction following last week’s advance. The market has bounced off the mid-April local high. On April 14 it was the highest since November of 2012 and the daily high...

Things appeared normal, and then everything changed… U.S. COVID-19 official cases on March 7: 338. U.S. COVID-19 official cases on April 28: over 1,000,000, if you believe the Johns Hopkins numbers. Exponential growth in sickness, debt, and expenditures are “killers...

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system...

Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer’s Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career.

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash.

Tuesdays are often a weak day for gold.  Where there is weakness there is opportunity, but is that opportunity here today? Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.

The gold futures contract lost 0.68% on Tuesday, as it extended its short-term downward correction following last week’s advance. The market has bounced off its mid-April local high. On April 14 it was the highest since November of 2012 and the daily high was at $1,...

As the drive to end lockdowns and reopen presses ahead, risk on assets rally in anticipation of the V-shaped recovery into the Promised Land. What about price and demand for gold, can it suffer a short-term setback in this environment? How low could the yellow metal...

Physical gold continued to catch a bid last week, trading above $1,760 an ounce, on a host of head-spinning economic news, from millions more Americans filing jobless claims to record money-printing to negative oil prices.

Recent market turmoil caused by COVID-19 and subsequent economic slowdowns have investors looking for new sources of yield as the stock market continues to come under deflationary pressures.

I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from...

NOTE- In “real life”, whatever that is- I tend to be a very optimistic person.  Yet, I grew up around others who lived in a different time when things were not so great.  These loved ones taught me to always look at the “down side”, first, to always evaluate “risk”...

Today, we will seek to discover the true price of gold and silver and prospect generators. Joining us for a conversation is Byron King of Agora Financial, along with Dr. John-Mark Staude of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB). Gentlemen, I hope you...

The new coronavirus is unfortunately deadly not only for humans but also for global economy. The central banks have shot their bazookas, but the monetary policy is helpless during pandemics with their supply disruptions and self-quarantine that effectively freezes...

SPX is making a secondary top which may simply need a finishing touch.  The next short-term reversal should quickly re-test the 2720 level, and once it is broken, a new low is likely, possibly by mid-year.

Last week's trading saw gold forming its low in Tuesday's session - here doing so with the tag of the 1666.20 figure for the June contract. From there, a sharp rally was seen into late-week, with the metal running all the way up to a Thursday peak of 1764.20 -...

A favourite expression of dear old Dad toward successfully achieving one's goal was to "be in there battling", enhanced with a few hand claps, before shuffling back into his library. And in settling out this past week yesterday (Friday) at 1746, Gold -- albeit...

Since the Dow Jones’ March 2009 bottom, its BEV -17.5% line has been a critical level of support.  In autumn 2011 the Dow Jones failed to break below it, and in December 2018 when the Dow Jones did break it, it closed below this critical level for only one day;...

Precious metals have become the focus of many researchers and traders recently.  Bank of America recently raised its target to $3000 for gold (source: https://www.bloomberg.com).  In December 2019, we published a research article suggesting precious metals were...

Our proprietary cycle indicator is up, but has reached levels of previous tops. Gold sector remains on long-term buy at the end of March. Our core positions are deep in the money, and shall wait for the next cycle bottom to add to positions.

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were...