Gold Editorials & Commentary

Yesterday the European Central Bank (ECB) announced an expanded 1.1 trillion euro (US$1.3 trillion) asset purchase program to start in March 2015 and continue through September 2016 (19 months) that will include the purchases of sovereign (national government) debt...

The new year has ushered in a remarkable and unexpected turn of events for gold. It is up significantly in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), up respectably in two others (U.S. dollar and Japanese yen) and...

An absolutely massive week for leading stocks. I’ve talked recently about the ability to keep it small during the tough times…and go heavy during the good times. And things turned good this past week.

Throughout much of 2013 and all of 2014, there were numerous stories/reports out on what would have to be considered as very bullish prospects for the prices of gold and silver. There were calls for gold to rally anywhere from $3,000 to over $25,000 the ounce, $100...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. A bear market rally is in progress but upside should be limited. COT data suggests lower metal prices overall going forward.

It’s 2:30 AM MST Friday morning, on my “day off.” However, I couldn’t sleep because too much is going through my head – as I digest the second “financial big bang” in just a week’s time. Many more are coming this year – perhaps as early as Monday, following Sunday’s...

Despite arriving late to Thursday’s press conference - ironically, held up by the new ECB elevator system that just wouldn’t cooperate… Draghi delivered the goods. The ECB would buy over 1 trillion euros through September 2016 - or until there is a “sustained...

The Swiss National Bank (SNB) shocked the currency markets when it abandoned the three year currency peg to the euro. Switzerland spent billions of francs to cheapen the franc, loading up its balance sheet which doubled to over CHF1 billion equivalent to 86 percent...

In recent days and weeks we noted key levels for Gold at $1250 as well as $1270-$1280. Over the past two weeks Gold easily cleared $1250 and continued to $1300. Today it is trading around $1290 and will close above its 80-week moving average for the second...

Germany’s Bundesbank has just made great play of the fact that it managed to repatriate some 85 tonnes of gold from New York in 2014 and 35 tonnes from Paris. Technically, as the Bundesbank points out this is very much on schedule with its promise to bring back...

The annual LBMA precious metals price competition’s top gold forecaster over the years, Sharps Pixley’s Ross Norman, is bucking the mainstream analyst consensus with a $1321 average gold price forecast for 2015. Silver $18.56, Platinum $1268, Palladium $876....

Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major...

DOW, Crude Oil, Gold, Silver, GDX & GDXJ analysis via videos.

After months of waiting, the European Central Bank (ECB) finally carried through with its stated promise of unlimited monetary support to its ailing economy. The ECB announced its own version of quantitative easing (QE) on Thursday, a move which lifted the dark...

Now that we have had a chance to see how the dust settled after this historic day in the markets, there are some observations I would like to make. I want to start out first with the junior mining shares, as evidenced by the GDXJ. The readers know that I have...

Let’s step back and take a look at where we are and eyeball a few charts. I think one needs to resolve the key question with oneself. Are we in a new bull market or has this been yet another BMR within a big bad bear market that has not yet hit bottom? Rambus’ long...

Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce its much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a...

Today, the European Central Bank expanded stimulus measures. ECB President Mario Draghi said the bank will buy 60 billion euros a month of assets through September 2016. According to Bloomberg, The Executive Board earlier proposed buying 50 billion euros ($58...

Gold started the new year on a happy note. It jumped up to a five month high…and it’s near a key moving average as some safe haven buying began. This rise spilled over to silver and gold shares. And all three are looking better.

As I have been saying for the last few weeks, I have a hard time viewing the bottom being in due to the terribly overlapping move off the lows with which we began. But, should it be a leading diagonal, then the count in grey is what I would be expecting. But,...

In our opinion no speculative positions are currently justified from the risk/reward perspective. Being on the long side of the precious metals market with half of the long-term investment capital seems justified from the risk/reward perspective.

Gold has been on an upward tear these last few sessions, suggesting that there is every possibility that a bull phase has begun for the monetary metal based on certain macro-economic factors. But does the current move portend a trend? Or is this just yet another one...

On January 15, 2015 the Swiss National Bank (SNB) suspended its 3-year old commitment to the Swiss franc-Euro peg, sending the Swiss franc’s volatility above the Ruble’s! Here is what happened to investors in the formerly “solid” Swiss markets:

The steep rally of the last week has made some in the chat room skittish, if not quite eager to jump off the train. However, I’d suggest hanging on for at least another day or two, since a rally of just 0.90 above the so-far high at 1297.50 would exceed August’s...

Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment.

And it may be happening much more quickly than anyone has realized. Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of...

Is European Central Bank (ECB) head Draghi’s determination to purchase government bonds turning Europe into a banana republic? What are the implications not only for the euro and U.S. dollar, but gold, stocks and bonds? Our analysis shows that conventional wisdom...

Near the beginning of every year, we update and publish what can safely be called our most popular piece: the Periodic Table of Commodities Returns. Below are the latest year-end results, which show the historical performance of commodities from best to worst.

If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal...

For 95% of the world’s population, the price of gold has already begun an explosive rally. “But gold is only $150 off the November lows” you say? Well yes, gold in terms of dollars is not yet up 20% from mid-November…but, in terms of yen, pounds, euros, (especially...