Gold Editorials & Commentary

Two robust, ABC uptrends of different degree are driving this rally, auguring a successful voyage to the 1238.90 target we’ve been using to stay abreast of the move. It has been relatively easy to trade, since the swing highs and lows have come more or less where...

We live in a world where all currencies are “fiat”, none backed by gold, silver, oil or anything else. Yes of course the dollar, otherwise known as the “petrodollar” has functioned and survived (so far) based on oil revenues being recycled back into U.S. Treasury...

“We are still the best market around”, recent quote on CNBC TV, is that with or without the monopoly money that is being thrown around endlessly? Do people ever think what the end game will be and if we can get ourselves out of this QE bacchanal without paying an...

There is considerable dissension in the analytical sector over what actually constitutes China’s real gold demand. On the one hand we have what the mainstream analysts record as Chinese consumption, which comes in at somewhere between 800 and 900 tonnes last year....

In September 2014 the Shanghai Gold Exchange (SGE) launched its International Board, the Shanghai International Gold Exchange (SGEI). After a slow start, the volume of the physical SGEI kilobar contract (iAu99.99) has transcended all other SGE contracts in week 15 (...

Gold rose for the first time in four days on Friday after holdings in exchange-traded products (ETPs) backed by bullion saw the largest increase in more than six weeks. Silver rose the most in a week.

The highly-organised Easter weekend safety deposit boxes raid at a facility in Hatton Garden, London, demonstrates once again that holding tangible assets outside of the fragile banking system is a risky exercise, if the manner in which those assets are stored is...

In this Weekend Report I would like to show you some charts on the US stock markets along with some overseas markets as things are starting to heat up. It’s beginning to look like a world wide event taking place. Some of the European stock markets are breaking out...

Gold closed March in bearish fashion and in spite of some strength since then it has failed to make any significant progress in either direction. The weekly close was weak and left gold vulnerable to any kind of selling pressure.

Gold has managed to avoid a complete chart breakdown thus far, but that is due more to buying in the physical market out of the Far-East rather than any wholesale interest among the high-powered, deep-pocketed, Western-investment crowd.

During the last two weeks the model changed from a buy signal to neutral and now to a sell signal. The GDX Daily-Chart is on a sell signal for the second week already while this weekend Gold in Indian Rupee, the US-Dollar Daily Chart as well as the US Real Interest...

Speculation on if and when the FOMC will recommend the start of US interest rate rises continues to move gold up and down.

It now looks as though Q1 gold withdrawals from the Shanghai Gold Exchange (SGE) will have reached around 625 tonnes – a 10.8% increase on last year’s record figure of 564 tonnes. The actual figure for the week ending March 27th (no Easter holiday in China) was...

The latest Gold Survey from Thomson Reuters GFMS holds out few surprises coming to very much the same conclusions as others of this ilk from Metals Focus and CPM Group. It does however put China back as the global No. 1 gold consumer last year – contrary to the...

In an essay published by R.N. Elliot – the discoverer of Elliott Wave analysis - on October 1, 1940, he opened with: “Civilization rests upon change. This change is cyclical in origin and characteristics. A rhythmic series of extreme changes constitutes a cycle...

Since early March, SPX has traded in a broad range of approximately 85 points. The support level, which is between 2040 and 2050 has been tested several times and held each time. The last test was on 4/01, and this generated another short-term uptrend which...

Although gold has rallied as expected in the last update, the advance has been modest and now it appears to be weakening again, and with its latest COTs showing a marked deterioration and the dollar maintaining its parabolic acceleration, it looks set to drop back...

One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For Americans that means looking out through a window that is distorted by the dollar’s recent surge. A C$100-a-night Vancouver BC...

The past week was quite “boring” in the precious metals complex. Gold and silver traded lower during the week before recovering on Friday. The miners, obviously, followed a similar path.

Astute market observers are likely aware that Mr. James Dimon (JPMorgan Chase's Chairman and President and Chief Executive Officer, like so many folks in this economy having to hold down three jobs), noted in his annual shareholders letter this past Wednesday that "...

People never want to hear bad news, especially when it’s really bad and undeniably true. So, most of us turn on the television to get our world view from “reporters” and “experts” who have apparently dedicated their lives to protect their viewers from hearing the...

The Western U.S. Dollar based monetary system is headed for a train wreck. This isn’t a matter of IF, it’s a matter of WHEN. Investors lulled to sleep by the low paper price of gold are losing out on the best buying opportunity of a lifetime. The precious metals...

I warned back a few days ago that the market looked tired. We got a few more points since then as the FED minutes on Wednesday helped fuel the market higher. The set up is there for another “sudden 2% drop” early next week like we had on Mar 31-Apr 1.

US Markets remain trading within larger patterns, or range-bound, but are approaching upper levels within those ranges while the dominant trend remains higher. Stocks are setting up better charts by the day and have really come around in the last week or two -- and...

On this week's release of NYSE Margin Debt, Business Insider headlined "Traders are betting on stocks with tons of borrowed money". As noted on our last review, the pattern has been a compulsive peak in margin and a correction in the amount and the stock market....

There is little going on in the precious metals markets that indicates directional movement to the upside, and not even much to the downside. The news is as disjointed but permeated with sameness as ever before. To try to make sense of nonsense remains in the...

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

Gold and gold mining shares appear to be as contrarian today as in 1999, before a decade‐plus run in which bullion rose nearly seven‐fold in US dollar terms. For those who are concerned that the financial markets are overvalued, we believe that gold offers an out‐of...

During 2014 country Central Banks bought 477 tonnes…close to a 50-year high…and that’s equivalent enough to buy 75 Boeing Dreamliners planes. This is at once astounding as well as revealing vis-à-vis a slowly dropping gold price since late 2011.

Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These...