Gold Editorials & Commentary

Every once in a while it is good to go back to basics. We have looked at the topic of whether gold even matters several times in the past. Charles Hugh Smith undertook the exercise of "re hypothecation" process last week and can be read here. He ends this...

Today I would like to focus in on the bigger picture by looking at some long term charts for the precious metal complex. I know most enjoy the action by looking at the minute charts but they’re more likely to morph into something different as time goes on.

Relative to the low at 1142.40 recorded March 17, June Gold remains in a bullish trend that it has been correcting for the last three weeks. What validates this interpretation is that early April’s 1224.50 high slightly exceeded a prior peak at 1223.70 recorded on...

Gold jewelers are betting the Indian Akshaya Tritiya festival will buoy demand for bullion. Jewelers expect the festival could drive up sales by as much as 30 percent over last year’s level. Already, gold imports are estimated to have hit 125 tons in March, compared...

There is little or no transparency in the way central banks report national gold reserves to the IMF. China has 1,054.1 tonnes of gold in its official reserves. Yeah right! The USA has 8,133.5 tonnes in its reserves – the world’s largest. But forgive me if I treat...

In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London...

For the last few weeks, we have provided you with proof that movements in markets occur within waves, as discovered by R.N. Elliott, and that decision making and changes in trend are governed by Fibonacci mathematics and the properties of Phi. So, how do we apply...

This week a subscriber shared with me an interesting and well-written analysis. The focus was mainly relative to gold. He wondered if I might shed light on silver – based on similar parameters. First and foremost, I do not deny the complex tertiary dynamics with...

After two weeks of moving and filling around the US$1,200 level Gold finally broke down on Friday. I had anticipated the sideways trap since early April and explained my bearish outlook in my recent analysis as well.

Last week, SPX tried to make a new high but was restricted by heavy resistance to only fractional gains which immediately attracted sellers. The daily and hourly indicators make it questionable that it will succeed in going much higher in the near future and it may...

A great week for markets and stocks, which are breaking out well…but not on super heavy volume quite yet. Perhaps soon we will see volume really accelerate on this breakout, which we do need for this to really give us the next month of very strong action.

Long time readers of The Gold Update have come to learn that our microphones are just about everywhere, even aboard Gold's ongoing flight at (what was) 1200. To wit: "Uhhh, ladies and gentlemen, this is Captain Endicott speaking: you may have noticed we're in a...

The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most...

One of my stock-market pet peeves is the current earnings fetish, which would have little value in predicting valuation trends if the casino weren’t rigged. Few people today can recall why Charles Dow actually began compiling his stock averages back in 1885: to use...

A friend sent me the link below, which seems extraordinarily relevant in context of the fact that I once calculated the value of the Chinese ghost cities at around $6.5 trillion. The article discusses the downward pressures on China’s economy.

“Adjusted for the 1980 inflation measure the gold price is approaching its bear market low of 2001. In fact, gold is now below the 1975 price when it became legal to own it again! . . . . . . . .Don’t worry about the current range bound price. Buying now represents...

Gold sector is on major sell signal. Cycle is up and a corrective bounce is in progress. Silver is on a long term sell signal and investors should be in cash or short.

Where have all the trillions of newly created “money” gone? Into the failed and bankrupt banking scam conducted by the elites. All world-wide monetary policy undertaken by the central banks has been for the sole purpose of protecting the failed banking financial...

A few weeks ago, we notified you about a brand new global, physical precious metal exchange that was being built with the expectation of eventually drawing interest and pricing power away from London and New York. Today, we have an update on the status of the...

Michael Lombardi, MBA, financial guru and lead Profit Confidential contributor, explains why mining companies have pulled back on the production of gold bullion, how this is affecting the supply of the precious metal, and how demand for the yellow metal from world...

Most precious metals websites are filled with stories and news from the gold market, accompanied by the implication that they will drive the gold price up. Examples of this include gold coin sales, Shanghai gold withdrawals, central bank buying volumes, evidence of...

Gold Range, Silver Range, GDX Trend, GDX Ascending Triangle, Senior Gold Stocks & Junior Gold Stocks analysis via videos:

The Chinese stock markets have been rocketing higher in a popular speculative mania. New Chinese investors are flocking to their local red-hot markets, borrowing heavily to buy hyper-speculative stocks. Like all past manias, this one is guaranteed to end badly....

In March, the U.S. dollar reached a 12-year peak against the euro. The greenback gained almost 25 percent in the past twelve months and 9 percent in 2015, which was the biggest surge in 30 years. What is most important, the U.S. dollar was rising not only against...

Gold investing can be lucrative, especially if you are investing considerable sums over a long period of time. But you might not understand all the risks involved. If you go in blindly, you are likely to lose quite a bit of money. Here is some gold investment advice...

Everyone knows that this has been a devastating bear market for the gold mining sector. If you have followed our work you know that it is the second worst cyclical bear market in at least 80 years. Obviously, gold mining stocks have been crushed. Then they became...

Since writing yesterday’s article on skepticism regarding central bank gold reporting (see: Does any nation hold the gold it says it does?), I have had my attention drawn to the publication by The Gold Anti-Trust Action Committee (GATA) around 2 ½ years ago of a...

The United States needs a wake-up call and the loss of leadership and credibility on economic issues is exacerbated by the dysfunction and divisive nature on Capital Hill. Also, no longer is the US a reliable partner internationally (redlines are blurred). Respect,...

There is a respectable chance that the euro will collapse sometime in the next several years, with implications for employment, economic growth and investment markets on a global basis. And the biggest threat is not directly money, debt, a potentially rapidly...

Let's face it, currencies are swinging in value 20-50% regularly and while most people do not realize it their buying power often is not as strong as it was. Would you rather hold a large portion of your capital in say the EURO which is falling like a rock in value...