Gold Editorials & Commentary

Geopolitical risk has escalated sharply this week after the Saudi bombing of Yemen and the U.S. House of Representatives voting overwhelmingly for the President to provide offensive weaponry to the Ukrainian army.

The articles we wrote last week called for a critical week in Gold and that either a bottom would form or a capitulation phase might begin. Our service uses a combination of Technical and Cycle Analysis to time and call markets. Over the years we’ve found that...

Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a...

Before starting, I want to share a comment from “Reader Ed” – which frankly, is one of the nicest compliments I’ve received in my career. In my view, the Miles Franklin Blog is one of the best sources of information about the global economy, financial markets, and...

Many people believe the Chinese are on the cusp of replacing the U.S. in many fashions, I believe this myself. There are others out there who believe the Chinese economy and financial markets will crash and burn with all the rest when the derivatives chain finally...

In our new book The Silver Manifesto, David Morgan and I not only discuss the debt bomb waiting to explode in most every western world economy but also the fact that the Fed will NEVER willingly hike interest rates by any material degree because (i) the monetary...

Geopolitical tensions escalated dramatically over night as Saudi Arabia launched military operations including air strikes in Yemen. The Saudis claim the action is to counter Iran-allied forces besieging the southern city of Aden where the U.S. backed Yemeni...

Worldwide debt is estimated to be between $200-$300 TRILLION and getting worse by the day. It becomes a sort of self fulfilling prophecy (increasing debt), whereby the economies can’t face tighter credit conditions but are in need of even more lax credit conditions...

Leading into the Federal Reserve March monetary policy meeting last week, investors dumped gold sending it to a 4 month low, while at the same time trades went long dollars on expectation the Fed would suggest it will move as early as June on raising interest rates...

Analysts at the French Bank Societe Generale (SocGen) in their latest research report have forecast that the gold price, having given away all its early year gains, was headed sharply lower, as it saw the dollar continue its gain in strength. They thus expected the...

No matter where you look, there is a significant amount of pessimism towards gold. The financial news claims the yellow metal isn’t worth looking at, journalists are trying to convince readers that gold is useless, and big investment houses claim prices are headed...

Gold speculators and large futures traders once again sharply decreased their gold bullish bets last week as gold positions fell for a seventh consecutive week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading...

Gold and silver probed their November 2014 lows early last week and finished strong. From a chart standpoint, they both put in outside reversal weeks to the upside. I'd like to visit the current "setup" in gold and silver from several angles and then take a step...

Ireland’s leading economic think tank, the Economic and Social Research Institute (ESRI) has issued its latest quarterly report in which it forecasts that the strong economic performance in Ireland is set to continue.

Once again we bring on a very popular guest, Mr. Bill Holter. Bill is very vocal on how corrupt governments and central banks are mismanaging (or outright destroying) the western economy, before our very eyes. Bill is also highly regarded for his investment...

For the last several weeks, I have provided you, and, sometimes even entertained you, with my perspective of a very evil pattern to play out in the metals. Such a pattern was supposed to test the 2014’s lows (and potentially even break them), and then rally to the...

Janet Yellen channels Billy Flynn (of old Razzle Dazzle fame)? Last week the Fed Chairwoman treated us to a master class of rhetorical misdirection which produced some memorable examples of doublespeak, including the soon to be classic "Just because we removed the...

On March 20, 2015, global gold price discovery changed. Transparency was introduced to the London gold market, as the new “LBMA Gold Price” was launched. In my professional opinion, the changes in London are ushering in an entire new era of gold price stability,...

Gold traded to a high of 1191.00 in today’s day session, which is above last Friday’s high. On the Intraday Chart the trading from Friday’s high of 1187.20 does not look impulsive which keeps all of our current options open.

From day to day and week to week, short-run fluctuations in the price of gold have, of late, been driven almost entirely by expectations of prospective Federal Reserve monetary policies, particularly with respect to short-term interest rates.

The Western powers are in serious trouble. The once great British Anglo-American Empire, the envy of the world, now resembles more of a phony Hollywood Set backed by a mountain of worthless derivatives and debt. The only thing holding up the Western Financial...

An incorrect rumor that HSBC is rapidly and quietly closing gold vaults where clients gold bullion was stored and gold in the GLD ETF is stored has been swirling around the internet.

Friday was a rare “quadruple witching” day – in which stock options, stock index options, stock index futures, and individual stock futures all expired simultaneously. Consequently, trading volumes were elevated – and as usual, market movements sharp.

Last week saw gold relieve some of its oversold conditions on a short term basis. Some participants interpreted the Fed’s continued dovishness whilst at the same time losing patience as a sign that gold should be bought. However, it was reasonable for gold to...

Greece’s place in the Eurozone is as precarious as ever as talks between Prime Minister Tsipras and European leaders in Brussels broke down – hours after reaching general agreement – and Greece warned Germany that it will be “impossible” for Greece to service debt...

Last week, I mentioned that several indexes were participating in the 3-week decline half-heartedly. We now know the reason why! On Friday, the rally which started at 2040 has filled a phase projection at 2113 and come to a resistance level which should turn it down...

Last week we looked at a chart showing new orders, inventories and personal consumption expenditures.

Gold had a constructive rally in the back half of the week after the Federal Open Market Committee (FOMC) highlighted the weak inflationary pressures facing the economy and lowered its projections for interest-rate increases. Despite the Federal Reserve removing the...

In an uptrend resistance becomes support. The precious metals are in a secular (15 to 20+ years) uptrend and they are currently pulling back to long-term support levels. That’s my story and I’m sticking to it! For you people from Missouri, let me show you what I...

The immediate outlook for gold has improved dramatically following the dollar’s topping action of recent days after the Fed was rumbled, and the vast improvement in the COT structure of the past 2 weeks. While the negative outlook set out in the last update could...