Gold Editorials & Commentary

I used to make fun of the FOMC rate hike “decision” language in the mainstream media because under the Obama administration and its economic policies overseen by the Fed’s monetary policy, there really was no decision, was there?  It was ZIRP-eternity, interrupted...

Saturday marked the Lunar New Year, the most important date in the Chinese calendar. It’s also the start of the longest holiday at two weeks, during which the largest mass migration of humans occurs every year as families reunite and go on vacations, both domestic...

The $USD is about to collapse. This is not fear mongering, nor is it just a bold statement. The $USD has peaked and is about to breakdown in a BIG way. See for yourself, the greenback has taken out critical support. The spike higher that occurred starting election...

As I have noted for many years, gold has a rough general tendency to decline ahead of the US jobs report, and then rally in the hours and/or days following the release of the report. The next monthly jobs report will be released at 8:30AM on Friday.  This report and...

2017 and beyond should prove to all that the two party system today is but a charade. Trump will continue to increase the debt through infrastructure improvements. It is a REAL possibility that Trump will negotiate a default, a bankruptcy, on our debt just as he has...

Do President Trump's first moves in office signal a weaker dollar and higher gold prices? The US dollar fell more than 1% against the Japanese yen today, amid fears that President Donald Trump's executive action on immigration could harm trade.

Fund manager John Hussman is always good for dramatic charts. Here’s a recent one, and this ratio is even scarier than it looks, says Hussman:

The best performing precious metal for the week was platinum, up 0.74 percent.  Silver also clocked a positive gain of 0.28 percent.  Economic growth in the U.S. slowed more than forecast last quarter on the biggest trade drag in six years, reports Bloomberg. Net...

Did gold find a Trading Cycle Low last Friday?  Perhaps. Silver was definitely leading the way as it often does at bottoms.  But silver also delivers many head-fakes and with the USD is due for a new Trading Cycle bounce, gold will likely move lower next week.

Donald Trump’s trade policy is likely to spark higher consumer price inflation, and that has ramifications for gold and silver prices. Regardless of where investors stand regarding the president’s plan to make Mexico “pay” for the border wall, if he is successful in...

2017 could be the year that the euro collapses according to Joseph Stiglitz writing in Fortune magazine and these concerns were echoed over the weekend by former Bundesbank vice-president and senior European Central Bank official, Jürgen Stark, when he said that the...

Throughout  2016, we stated we did not expect much from gold, and we stuck to this forecast, even though many experts went out of their way to report that gold was ready to soar to the Moon or even to the next Galaxy.  In fact, since 2011, we have continuously said...

After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on...

Week one of the Trump Presidency and already it is mired in controversy. From “fake news” to “alternative facts” we are quickly learning there is an “alternative universe” that apparently the leader of the “free world” is occupying. Speaking of “free world” we...

The Trump Doctrine wants to fix the trade imbalances which America runs with many of its trading counterparts (like China, Mexico, India, etc.). But this is nearly impossible without a return to a settlement mechanism like a gold standard or a gold exchange standard...

SPX has filled the P&F count which was established last February, at the 1810 low.  It would now be normal for the upside momentum derived from last week’s run-up to 2300 to dissipate, as a distribution top is being created.  This, could take a couple of weeks...

How to read gold’s price chart? That is an interesting topic which is subject to a lot of controversy. That is because gold is driven by a multitude of factors. Looking carefully at gold’s chart, there are quite some insights to derive. We look at 10 key insights...

The latest Commitment of Traders (COT) report showed a drop in both speculative longs and shorts for the week as gold meandered to end the COT week (Tuesday to Tuesday) essentially unchanged. The increase in speculative "spreading" positions but drop in both long...

You know the stars are brilliantly aligned when the Dow Jones Industrial Average, (aka "that index at which our parents look"), finally satiates the FinMedia's suspense by crossing the 20k level at practically the same time the so-called Doomsday Clock is nudged...

Stocks continued to show nice strength as we get deeper into earnings season. They just look, and act great! We have a healthy sized group of top callers every day, which is what we need. It’s when everybody says we will go higher that I’ll get worried.

Well, they finally did it!  This week the bulls took the Dow Jones Index up to, and then closed above its 20K line on Wednesday, Thursday and Friday.   Bravo Zulu to our horned brethren in the market.

Gold sector is on a major buy signal and short-term is on buy signal. Cycle is up. Waiting for trendline support and set ups. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.

The new US Administration has taken over with the conviction that they will “make America great again”. I really wish they will succeed because a strong US would be good for the world. Sadly, the odds of achieving that admirable objective are totally stacked against...

Here are today's videos and charts.

As everyone already knows, the Fed has finally hiked its interest rates for the second time in a decade and for the first time since December 2015, when it ended the zero interest rate policy. The chart below shows the current level of the effective federal funds ...

In case you’ve been hiding under a rock, the Dow Jones Industrial Average reached 20,000 earlier this week for the first time in its 132 year history to much media fanfare.

One of the immutable pillars of strength of any nation is its currency. Indeed the currency is the life blood of any economy. Unfortunately, the Euro has been suffering since 2008 to date. Moreover, its value recently weakened to a 14-year low…and projects a gloomy...

Switzerland’s gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November…a jump of 416%.

We see the forensic "finger prints" all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed's CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 "TAPER" ended...

I would like to update the Basic Materials sector as this area now looks like it’s ready to resume its bull market. Also with the stock markets breaking out today, especially the INDU, this adds another layer of confirmation that the breakout is the real deal. As we...