Gold Editorials & Commentary

Several noted economists and distinguished investors are warning of a stock market crash. Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.” And the...

In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency. If I’m right, a long expected collapse in the purchasing-power, and of the very concept of fiat currency, will evolve from current events. The...

Yes, it’s another inflation post going up even as inflation expectations are in the dumper and casino patrons just cannot get enough of Treasury and Government bonds yielding 0%, near 0% and below 0%.

In recent past, I have cited the CFTC COT (Commitment of Traders) report’s record open interest by large specs and record short open interest by commercials as a possible negative for Gold prices. Never one to trust myself, I decided to dig deeper to find out if my...

With the victory of the "Leave" camp in the June 23rd referendum in the United Kingdom, the world finds itself on the edge of a financial precipice. Crucially - we are not over the edge, not yet. But it is right in front of us.

Tonight I would like to update some of the precious metals stock indexes as they have been basically consolidating for the last couple of months. This has been healthy for this sector which has been on fire since the middle of January of this year.

At one time, the term "cross currents" referred to the tidal transition from an expansion to a contraction. It was unsettling to the establishment. In economic jargon of the day, policymakers were "not rocking the boat" in attempting "to keep the recovery going"....

In 2008 we projected that the crash in the market was in fact a mini-crash and that the day would come that a more major crash would occur - one that reflected the level of debt. In recent months, this prognostication has been gaining traction – that a second, more...

Brexit has dominated world headlines for the last couple of weeks, and with good reason: The U.K.’s historic referendum has already roiled markets around the globe; raised serious questions about immigration, trade and diplomacy; cast a harsh spotlight on the EU’s...

The collapse of the US economic and financial system accelerated this year, thus pushing the country closer to a third-world status. Most Americans are unaware of the dire consequences facing the nation, so they continue to believe business as usual will continue...

I am starting this week’s update with a mini-rant directed towards the manipulation theorists. For years, they have complained that one of the facts supporting their market manipulation theories is the “overnight” drops we have seen in the market, so I would like...

A week post-Brexit and many will wonder what changed – if anything. In fact (and you’ll have to take our word for it) we started this column on the night of the vote; before the results were known publicly.

In a boxing ring, size must be respected. In the same ring, a heavyweight champion fighter tends to absolutely destroy a flyweight fighter. In the gold market, size must also be respected.

Gold was lower in the overnight session reaching 1308.00, at the time that this Post was being written, as the Brexit panic is starting to subside. Now comes the complicated part of… implementation. We view the drop from the 1362.50 high to the current low of 1308....

It has been reported that about $10 Trillion of sovereign debt “yields” negative interest. Assume total global sovereign debt is about $60 Trillion. Therefore, about one-sixth of all sovereign debt has negative interest rates. This brings to mind a few questions.

I'm sure you are well aware of the big stock market drop that hit the US stock market on Friday as the DOW fell over 600 points following the UK BREXIT vote. Almost every sector of the stock market fell except for gold and Treasury bonds. I believe that what we...

The selloff since Friday may seem momentous to trade-desk denizens, but so far it has barely caused a blip on the Dow’s weekly chart (see inset). Would another thousand-point selloff seem scary? As you can see for yourself, even that would not exceed any important...

This could be the year that the mainstream investor finally pushes the gold market over the edge. While a fraction of investors continue to acquire a lot of physical gold, the mainstream investor is the key to driving the gold market and price going forward.

The historical Brexit vote last Thursday is certainly an impactful event which is still unfolding. The British people have decided to leave the European Union (EU). This messy situation will impact other countries beyond EU. For the last days, the world stock...

Alan Greenspan, the former Chairman of the Federal Reserve has warned that Brexit was a “terrible outcome in all respects” and that we are in the “early days of a crisis.” U.K. policy makers miscalculated and made a “terrible mistake” in holding a referendum on...

Gold has probably peaked for the year. Not necessarily in US$ terms, but in terms of other commodities. In fact, relative to the Goldman Sachs Spot Commodity Index (GNX) the peak for this year most likely happened back in February. The February-2016 peak for the...

While the world continues to focus on the BREXIT, two other, much larger problems are emerging. The first is that the US is back in recession. Labor Market Conditions, Industrial Production, the Dallas Fed Workweek, Commercial and Industrial Loan Delinquencies,...

I was one of the few last week who said the stock market would fall on Friday. It has also fallen further than even I expected. So what’s next? The chart below shows a counter trend rally likely on Tuesday, perhaps back to 2049/50 SPX. This to be followed by one...

Defying sentiment polls leading up to last week’s historic Brexit referendum, British voters said “thanks, but no thanks” to excessive EU taxation and regulation, choosing to take back Britain’s sovereignty in financing, budgeting, immigration policy and other areas...

The big news this week was that the British voted to exit the European Union. This was not the outcome expected by pundits, or the polls. “Risk on” assets were relentlessly bid up prior to the vote. For example, S&P 500 index futures had closed the previous...

The British referendum should have a significant influence on the markets this coming week. It is best to keep from making specific predictions, especially about the intermediate trend, until after the results have been announced.

At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even...

There will be a new day in the UK, it will be just different. The shock of the Brexit referendum will ease, but the effects will be long lasting. In the interim, a new Prime Minister must be appointed to negotiate Article 50 with the European Union. Additionally,...

Woke up to stunning news this morning – sorry, I don’t stay up watching election results – that Britain has voted by a narrow but clear majority to leave the EU. I had feared that the British electorate would be cowed into submission by the barrage of pro-Europe...

What makes a black swan? A working definition would be the swan is an unforeseen event that has the impact to unexpectedly reroute a majority of major markets in a negative way. If an event was not foreseen, but only affects a single market, it can hardly qualify as...