Gold Editorials & Commentary

My last piece was quite long and involved, some liked it and "got it", others not so much. The breaking of confidence was the point I was trying to get to. I intend to try again with this writing but from a different viewpoint.

In March 2014, the Bank of England let the cat out of the bag: money is just an IOU, and the banks are rolling in it. So wrote David Graeber in The Guardian the same month, referring to a BOE paper called “Money Creation in the Modern Economy.” The paper stated...

What are the possible scenarios for Greece and what do they imply for the gold market? The base-case scenario is that a bailout deal will be reached in coming days since no one wants the Grexit. Without the agreement, Greece would lose access to its external funding...

Our big theme has been that the senior US stock indexes would rally out to "around May" and this is where we are. This view includes that both stocks and the economy will roll over, virtually, together. Since earlier in the year "Macro" numbers have seriously...

About 100 years ago, in his testimony before Congress, banking giant J.P. Morgan famously stated: “Gold is money, and nothing else.” At the time, this was true in every sense of the word “money,” as the U.S. was still on the gold standard.

It is time to buy gold and silver again as new central bank data shows that the European Central Bank and Federal Reserve have finally been successful in creating inflation. Whether they will now be able to control it is completely another matter, and buying gold to...

For six years straight, the Fed has been trying to “trash” cash. First it cut interest rates to zero… making it so that savings deposits produced almost nothing in the way of interest income. Consider that at current rates, a retiree with $1 million in savings earns...

The common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this mistake than the fallacies behind the interpretation of Gross Domestic Product. GDP is the market value of...

For today, those in control will not allow the gold price to reach $18,000 an ounce where the 18,000 DOW sits today, but the DOW could drop 90%, as it did in 1929, to 1800 and gold rise to $1,800 an ounce! Could one accept the very real possibility that the DOW...

There is no shortage of negative commentary on gold and silver. A quick google search will produce such headlines as: “Gold is the Worst Investment in History”

Banning gold and silver in the United States would be just about as effective for igniting demand as the hints of gun control that follow every tragic school shooting. They are primitive political responses with predictable outcomes equal and opposite to what was...

It is obvious to anyone with eyes to see, "power" is shifting from West to East. China is the leader, the epicenter of the East and of course they are the ones "hoovering" up the lion's share (along with India)of global gold production. The following map was sent...

Why are global central banks buying so much gold unless they still fear inflation? The World Gold Council estimates that 120 tonnes of gold were added to global central bank reserves in the first quarter of this year and that’s a whole lot more than they used to buy...

In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler...

We have enough downside targets in play at the moment to keep us on our toes, but this chart allows a more optimistic outlook for the near-term. Notice the very precise bounce from the 1161.70 midpoint pivot. This validates the pattern itself, along with its p2 (...

Dear Friend of GATA and Gold: Recent reports from the U.S. Commodity Futures Trading Commission and the CME Group, operator of the New York Commodity Exchange, indicate that JPMorganChase & Co. is administering the Federal Reserve's gold swapping and lending...

Back on May 14th, I sent out an alert to members at ElliotWaveTrader that long positions should be closed, and profits should be banked since we have enough waves in place to mark a top to the corrective rally, even though it was much shorter than we had expected....

It is well known that I don't think much of the ability of government officials to correctly forecast much of anything. Alan Greenspan and Ben Bernanke have made famously clueless predictions with respect to stock and housing bubbles, and rank and file Fed...

riefly: In our opinion, a speculative short position (full) in gold, silver and mining stocks is justified from the risk/reward point of view.

Gold was up smartly in the overnight session, reaching 1182.50, at the time that this Post was being written. We are working on the assumption that that we are now rallying in wave -d- of our compressed wave (b) Option 1. Wave -c- of this Option ended at last...

With respect to the reasons for owning gold, I never flinch when taking a long-term value perspective. In the monetary and financial world gold is insurance and insurance is something you buy, but hope to never need. The value of insurance is in one of its...

We expected $1170 to get broken this month…and indeed it has. This is more than likely bad news for the bulls and, even though price firmed slightly above at the close of the week, it is still an ominous sign. Our expectation is that June is set to be a bad month...

That’s a seasonal chart for gold. I’ve highlighted my key buying and profit booking areas. June is the most important time of the year to buy gold.

The highly regarded former chairman of the Federal Reserve, Paul Volcker, has severely criticized the State Governments in the U.S. over “faulty practices” used to devise budgets which mask the true financial position of those states.

Although the longer-term bullish case for gold could scarcely be stronger, over the short to medium-term the picture continues weak, with it looking vulnerable to breaking down into another downleg to the $1000 area and perhaps lower.

In my previous article yesterday I tried to stress the importance of getting to the sidelines before gold begins the final decline into its eight-year cycle low. Today I’m going to show you what I think is in store and why.

Although it is not possible to determine an objective value for gold (the value of everything is subjective), by looking at how the metal has performed relative to other things throughout history it is possible to arrive at some reasonable conclusions as to whether...

Global markets are changing drastically and showing volatilities like we saw back in late 2008. I am not talking about stock markets, it is the debt and currency markets that are schizophrenic. Oddly, even after all of the various Western "QE's", liquidity suddenly...

More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012.

In this Weekend Report I would like to show you an in depth look at some of the more important currencies on the planet to see where we’re at in the big picture and how they may affect the price of gold. In general when a currency (other than the US Dollar) is...