Gold Editorials & Commentary

Another year, another Thanksgiving. I hope all of my American friends and readers had the chance to spend some quality time with family as we begin the busy holiday shopping season. The leading retail trade group expects sales in November and December to increase as...

The presidential race will mesmerize Americans over the next 11 months. The country hasn’t been this polarized since the Civil War.

Just when most traders thought that the previous week is going to end in the red for gold, something exceptional happened. The USD Index reversed after rallying, and gold rallied sharply in response. In the end, gold ended the week in the green by forming a clear...

As a rule of thumb, our contributions deal with the long-term gold price path. As an exception for today though, we’ll deal with the profitable (at least for our subscribers right now) short-term setup just ahead. The starting point is today’s gold futures action....

The basic idea behind the Quantity Theory of Money could be stated as: too much money supply is chasing too little goods supply, so prices rise. We have debunked this from several angles. For example, we can use a technique that every first year student in physics...

Let’s face it, we live in a world of radical uncertainty. Yet we’re supposed to make perfectly rational decisions – so, how do we cope with the unknown? We tell narratives, and form our decisions around them! Let’s explore the narratives in the financial markets for...

When considering the space requirements of $1,000,000, the first question is in what form?  I will try to illustrate the volume and weight of $1 million dollars in three forms: $100 bills, gold eagle coins and silver eagle coins.

Global debt has risen to another record at $255 trillion due to cheap borrowing costs. A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. 

The bull market which started in 03/09 shows no sign of having run its course.  A rough count taken on the long-term Point & Figure chart gives us a potential target of 3680+.  A few weeks ago, it was not clear if structurally, SPX would retest its 12/18 low of...

Gold settled out the week yesterday (Friday) at 1470 en route to its best up year -- at present +14.5% -- since 2010. 

Recently just over 8,000 large central bank sized - four hundred troy ounce gold bars - or put more bluntly, 100 tonnes of gold bullion - were carefully transported by armed guards under the cover of darkness.

First I want to present you with perhaps macro undervaluation chart of this 21st Century. That is the lowest about 100 years of time that commodity valuations versus the Dow Jones Industrial Average DJIA.

Gold sector is on major buy signal. GLD is on short-term sell signal. Gold sector cycle is up. We are holding long-term positions.

The Fed has published this month the newest edition of its Financial Stability Report. Generally speaking, the level of vulnerabilities in the financial system has moved little since the publication of the May edition of the report. The most of the US central banks...

Big systemically important banks could be in failure mode. A small group of big Western banks are in deep trouble. The officials might keep it all secret, working feverishly behind the curtains to patch their myriad holes with paper.

Central banks’ purchases and repatriations of gold have caught our attention once again. In October, Serbia’s central bank bought 9 tons of gold, following in the footsteps of many other central banks that have been adding to their gold reserves recently, including...

Gold reversed yesterday, and so did the rest of the precious metal sector. Mining stocks and – what’s important – silver showed strength relative to gold and rallied even more than gold. Silver’s strength is important because it indicates that we are already in the...

Gold is all that nationalist leaders in Europe’s east can talk about these days. Just this week, Poland’s government touted its economic might after completing the repatriation of 100 tons of the metal. Over in Hungary, anti-immigrant Prime Minister Viktor Orban has...

Investopedia says, “In the United States, the Federal Reserve acts as the lender of last resort to institutions that do not have any other means of borrowing, and whose failure to obtain credit would dramatically affect the economy.”

Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said.

The precious metals sector remains in a correction. The miners have shown some positive signs, but are not ready to move yet because the metals likely have more correction ahead.

Two of our favorite charts for following the US markets are suggesting the markets are range bound headed into the end of 2019.  The news may continue to push the price higher as the overall bias has continued to be to the upside. 

My first faithful dog Fido (circa 1963) and I used to play a game years ago before his eyes and hips started to go a tad "wonky," and in that respect, we were and are quite similar. They say that dogs tend take on the appearance of their owners (or vice versa), so I...

With India’s titanic physical market now switching from a price discount to a premium, the door is open for the end of gold’s healthy and graceful price reaction.

Every gold investor knows about the inverse link between real interest rates and gold. One of the key determinants of real interest rates are nominal interest rates. Within today’s article, we’ll examine the Fed monetary policy turns – just how did they affect the...

The USD Index rallied on Friday, and gold responded with an intraday decline – that’s normal. What’s not necessarily normal is the size of the daily change in gold compared to the size of USD’s rally.

Flying in the face of negative economic news, U.S. factories picked up steam for the third straight month in November. The preliminary manufacturing purchasing manager’s index (PMI), a leading indicator we closely track here at U.S. Global Investors, pulled further...

First, the good news from  — though it’s not great! Oxford Economics expects the global economy to stabilize in the first half of next year in a new forecast.

Below is a quick 10-minute update covering how gold bullion is continually accounting for our fiat financialized world having now made new record-sized promises much of which will not be delivered in full, if at all.

Physics students study mechanical systems in which pulleys are massless and frictionless. Economics students study monetary systems in which rising prices are everywhere and always caused by rising quantity of currency. There is a similarity between this pair of...