Gold Editorials & Commentary

The global economy is contracting with former engines for growth (Emerging Market economies, particularly China) growing little if at all. Financial markets continuing to rally/ hold up in hope of additional monetary measures by Central Banks.

Last week the Federal Reserve announced it would delay the interest rate liftoff yet again, but while everyone seems concerned about nominal rates—the federal funds rate, in this case—real rates have already risen about 5 percent since August 2011. This “invisible”...

Gold consumption in mainland China may match or exceed the record in 2013 after financial market turmoil and the yuan’s devaluation have boosted the metal’s appeal. Further, China’s net imports of gold from Hong Kong increased for the third month in September as...

The Personal Consumption Expenditures Price Index decreased 0.1 percent in September. What does it mean for the US economy and the gold market?

In a recent article Mike Shedlock (Mish) weighs in on the question of whether or not gold is money. Near the end of the article he concludes: “The only possible debate about whether or not gold is money pertains to the phrase “demanded mainly as a medium of exchange...

Dennis Gartman, author of the institutionally well followed ‘The Gartman Letter,’ has asked questions about gold’s peculiar price action last week and raised the question as to whether there was official central bank manipulation of gold prices.

Something changed in the minds of investors in 2008 as more individuals switched to buying physical gold bullion. How much more physical gold buying has taken place since 2008 can be seen in the two charts below.

Last week SPX gave plenty of evidence that it was topping, at least on a near-term basis. Since it fell a few points short of its projection for this move, it is not entirely clear if it has failed to reach it, or if it will make another attempt early next week....

It was ironic that when Dr Watson complained to his companion Sherlock Holmes that he had a stomach ache, Holmes clarified the situation at once by saying “Alimentary, my dear Watson”. More generally, the legendary sleuth of Victorian London would make light of his...

The step sum is a single item Advance – Decline Line using the daily closing prices of a market price series, but hourly or weekly data would work. Should gold, silver, or the Dow Jones close higher than yesterday’s close, it’s a +1. Should they close lower it’s a...

One week ago, we pointed to the then pending Federal Open Market Committee policy statement as a "non-event". Essentially 'twas, despite the buzz. And yet, au contraire, we ought be shaking in our boots now, what? No, not because 'tis Halloween, (which here in San...

A solid week for stocks as markets resting near high level resistance before a likely breakout higher. Metals were acting good and strong until the Fed released no news on their announcement. Subsequently, the gold price swiftly fell and is now breaking down and the...

Gold sector is on major sell signal. Cycle is down. COT data suggests lower prices ahead. Traders should sell short the bounces.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell signal and traders should sell short...

The Commitment of Traders readings for both gold and silver are at levels that have made prices vulnerable over the last four years. Commercials in silver have the largest net short position since an important top in 2008.

As a proverbial picture [chart] is worth 1,000 words, we will let the charts speak for themselves…with observations and comments attached to each one. From our perspective, the charts are saying, irrespective of what anyone is reading or following regarding gold and...

My first public market call in the metals complex was made back in 2011, at which time I was looking for a top in the gold market at $1,915. While it came quite close to the actual top struck in the market ($1,921), many thought me to be less than credible in...

The precious metals sector sharply reversed course after the Federal Reserve hinted that it may raise rates at its next meeting. This about face from the Fed was enough to effectively end the fledgling rally that began in the summer and threatened to take metals and...

Market Technical Analysis via videos

With the Federal Reserve’s first rate-hike cycle in nearly a decade looming, traders are working overtime trying to divine its timing and impact on the markets. They are closely monitoring the same employment and inflation data the Fed will use to start tightening...

One of America’s largest companies is taking a controversial stance on employee benefits. In a move that is sure to draw criticism from the mainstream press, Jonathan Johnson, chairman of online retail giant Overstock.com (OSTK), publicly stated that the company has...

As much as we carry a long-term bias towards a continuation of the historically low yield market environment of the current decade, over the intermediate-term we still like the short side of Treasuries on the long end of the curve.

In previous commentaries; readers have read firm conclusions that the U.S. government (via the Federal Reserve) has already hyper-inflated its currency – past tense. Yet what do we actually see as we look around us? We see this obviously/blatantly worthless currency...

My original thought for a writing was the hilarious action following yesterday's Fed meeting and to comment on last night's debate. Something far more "real" has arisen in the last 24 hours of far more importance, before getting to that, let's look at the Fed's "...

A little over two weeks ago I wrote gold and silver price forecasts explaining that cycles should soon top and then head lower into December. Coincidently gold topped October 15th at $1,191.70, the day the gold forecast was released, and silver prices recently...

Gold is headed for a 1.3% fall this week after the Fed’s latest suggestion that they may increase interest rates in December or in the New Year. However, for the month of October gold is 3.1% higher from $1,115/oz to $1,150/oz and has seen even larger gains in other...

For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the...

"In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress–both realized and expected–toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a...

After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the Fed’s balance sheet.

1970s: Gold rallied from about $35 in 1970 to nearly $200 in December 1974…and then fell to about $100 in August 1976. So what? Examine the graph of average monthly gold prices Jan. 1970 – Sept. 1976. Compare it to the graph of gold prices from April 2002 –...

It finally looks like a major inflection point is getting very close to resolving itself in many different areas of the markets. The US dollar is the key driver of this inflection point which is starting to breakout from a nearly eight month bullish falling wedge...