Gold Editorials & Commentary

The S&P500 continues to trade in a tight range. Despite all the moves over the last two months, we’ve really gone nowhere.

Yesterday we looked at the situations in both Ukraine and Greece, and how they are both out of money which makes them potential “flash points” for reality to set in. What I’d like to talk about today are the various “slights of hand” and why a spade can never be...

All gold community eyes should be on the month of March, for three key reasons. First, London is the world’s largest gold trading centre. The LBMA sets the price with a “fix” that is created by bank traders, using telephones.

The Jefferson Airplane sang about truth and lies nearly 50 years ago. “When the truth is found to be lies And all the joy within you dies…” Restating their insight to make it relevant to our global delusions about real money – gold and silver – and the much less...

We learned on Thursday about two very separate trips to be made on Friday. Germany’s Angela Merkel and France’s Francois Hollande made a trek to Moscow which turned out to be a five hour meeting, while John Kerry flew into Kiev. What were these meetings about?...

In 958, economist W.H. Phillips wrote a paper that argued an inverse relationship existed between wage inflation and unemployment. The crux of his theory was when unemployment is high wage growth is absent; but when the unemployment rate is low wages rise rapidly...

China’s debt-driven economy and monumentally wasteful building boom which has created entire cities with no inhabitants looks set to unwind as figures show that Chinese imports of raw materials continue to decline.

History never repeats itself exactly, but many similarities between the past and the current Russian crisis suggest that the eastern bear could significantly falter in the future:

Gold and Silver have become overbought in recent weeks along with many of the mining stocks. On Friday the sector took a turn lower with Gold and Silver both dropping through major support levels.

SPX is at an inflection point! If it does not continue to rally, but extends its Friday decline instead, it could pick-up enough downside momentum to re-test the 1880 low and perhaps even break below the level which has supported it for the past month.

The one thing that the metals have done best for the last 3 years is keeping most investors on the wrong side of the trade. After over three years of this frustrating market action, I am sure those bullishly inclined are worn to the nub. I am also sure you have...

Barron’s Best & Intermediate Grade Bond Yields provides us with an excellent history of investment grade bond yields from December 1938 when Barron’s first computed its Confidence Index (CI). I reconstructed these two bond series going back to 1934 (Red Box)...

By far the largest exporter of gold to China and to Hong Kong is Switzerland and its latest figures for 2014 suggest that 36% of Swiss gold exports are now going to mainland China directly.

The COT report explains the reason we saw such a dramatic drop in the gold price (along with all of the other safe havens such as bonds and the Yen) today once the payrolls number hit the wires.

A tricky week that I did not handle well. I’m still trading very, very light. But it seemed most of what I tried didn’t work…and I ended the week down, which does happen sometimes. I’m not perfect and never profess to be. But I do pretty well most of the time.

As I mentioned the strong upward movement in the USD index might not be such a good sign for the world, because all other currencies are falling by the wayside. Next to that it also indicates that people are very much on one side of the trade…and therefore makes the...

How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on new sell signals. Gold sector cycle – down as of 2/07, ending the up cycle since November. A bear market rally has completed, short sellers should sell into any bounces.

In the last trading week of January on the Shanghai Gold Exchange (SGE) another huge quantity of gold left the vaults. According to the latest SGE data in week 4 (January 26 – 30) nearly 54 tonnes were withdrawn, down 24 % w/w. Year to date a staggering 255 tonnes...

These charts summarize gold's impressive performance during the tumultuous first fourteen years of the 21st century. Investors fearing some future Black Monday, a general bank or currency collapse, a 1930s-style economic depression, or a sudden and virulent...

In the beginning, there were interest rates. Then, after 2008, hyperactive central banks sought to restore growth by adopting Zero Interest Rates Policies (ZIRP) on a premise that zero rates must be better than low rates. Another ZIRP objective was to lift prices of...

There’s no doubt the gold-mining stocks remain deeply out of favor, collateral damage from the Fed’s gross financial-market distortions of recent years. But sentiment is shifting, with stock traders starting to regain interest in this left-for-dead sector. Gold-...

US$, China Stock Market, Gold Bull Flag, River Right Shoulder, GDX & GDXJ analysis via videos.

As we watched the Prime Minister and the Finance Minister of Greece travel though Europe in a failed attempt to re-negotiate the terms of the “Bailout” it received, we find ourselves thinking quite differently to the mainstream commentators. Ours is not a jaundiced...

The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such...

Gold and gold mining shares rebounded strongly from the end of December through the first three weeks of January. Over the past several weeks the sector has digested those gains while holding above rising 50-day moving averages. The sector is nearing a bit of a...

For our Thursday report, I wanted to zoom out and take a 30,000 ft. view of Gold & Miners. Often we get wrapped up in the day to day wiggles and giggles, forgetting to take a deep breath, step back and occasionally reanalyze.

The stock market has had wild roller coaster ride during January in the wake of the euro-zone crisis where one of the best days of the year (+275) is immediately followed by the worst day of the year (-335) the effect of which is to literally grind the strength out...

Currencies are the ultimate benchmark of your wealth…especially in the intertwined world we are living in. Currencies are in my view the ultimate benchmark of your wealth…especially in a world that has become so intertwined that differences in currency rates affect...

Wall Street breathed a sigh of relief this week after a case of the jitters the last couple of weeks. Fears over a deflationary plunge in the euro zone had sparked an increased demand for safe haven assets, including gold and silver. The decline to multi-year lows...