Gold Editorials & Commentary

It is a little-known fact that gold outperformed all currencies in 2014, except for the US dollar. In dollar terms gold declined 1.7 percent, but as the table below shows, it posted solid gains against all other currencies. While the dollar price of gold was...

Gold surged in dollars, pounds and especially euros yesterday after the Swiss Natonal Bank (SNB) caused turmoil in markets. Spot gold surged $30.50 or 2.48% to $1,258.50 per ounce and gold in euro terms rose by 4 per cent from EUR 1,044 to over EUR 1,085 per ounce,...

Bear markets end with extreme bearish sentiment but positive price action is needed before a trend change can be confirmed. That can include (among other things) breaking downtrends, breaking resistance and breaking the pattern of lower lows and lower highs. There...

Six years. That’s the longest duration of time that U.S. equities have consecutively risen. Since 1871, it’s happened only twice—once between 1898 and 1903, and again between 2009 and 2014.

When the only tool in your kit is a hammer, every problem looks like a nail. When the only tool in your kit is a currency board, then…. Over the last month or so, I’ve read several pieces calling for Russia to set up a currency board today, just as Keynes did for...

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.

For weeks I have been predicting that precious metals and the junior gold miners would bottom and outperform in January. Now gold is breathtakingly breaking above the key 200-day moving average and breaking four month highs as the world looks to gold as a safe...

Famed investor Marc Faber, famously known as "Dr Doom" for correctly forecasting market crashes and for having a perennially bearish outlook, expects gold prices to rise by 30 per cent in 2015. In Indian rupee, gold could surge from Rs. 27,000 to Rs. 35,000 per 10...

The biggest question for investors today is that whether or not rates will rise in 2015. The Fed may raise rates a token amount this year, but the move will be largely symbolic. With over $100 trillion in bonds and over $555 TRILLION in interest rate derivatives...

The title is not meant to declare that this time gold stocks are going to exercise the excellent risk vs. reward stance vs. the US stock market. But it is meant to declare that the stimulus for the recent out performance is much healthier than it was last summer...

The prospect of a Syriza victory in the Greek elections next week has been gold price supportive, but beware – it’s not a foregone conclusion. Some of the recent positive action in the gold price has been due to fear of a Syriza win in the Greek election next week...

As the highly leveraged global financial system moves closer towards an epic collapse, investors unwittingly continue to pour money into the Mutual Fund Market. According to the ICI – Investment Company Institute’s Q3 2014 Report, net inflows into Mutual Funds...

The historical record indicates that the gold-mining sector performs very well during the first 18-24 months of a general equity bear market as long as the average gold-mining stock is not 'overbought' and over-valued at the beginning of the bear market....

In 2011 gold and gold mining stocks topped…and since then prices have been falling. I think there are several reasons for this with the main ones being the strengthening dollar, and the fact gold and gold stocks were the most talked about investment I had ever seen...

In mainstream media coverage last year, gold was largely either ignored or despised. The winner for most derisive commentary might be Citigroup Chief Economist Willem Buiter, who labeled gold “shiny bitcoin” and said “no bank should hold it in reserves.”

I expect global jewellery demand to support consistently higher gold prices, well into the month of February. That’s partly because Chinese stock markets had a tremendous performance in 2014.

With all the hype and noise built in to daily and weekly market management, sometimes it is worthwhile to dial out, calm things down and touch base with markets on the big picture. Here are views on various markets (with limited commentary) by way of some monthly...

We have so far analyzed the current situation in the oil market, suggesting that falling oil prices can indicate another recession in the not so distant future. So the obvious question arises: would it be positive or negative for the gold market? The answer depends...

The lesson is hard but simple – when trading or investing PRECIOUS INVESTMENT CAPITAL DO NOT listen to emotional or fear-based ideas. Instead, do your own analysis and STUDY THE PRICE CHARTS. You will never go wrong by listening to what the market tells you.

Gold priced in euros surged through the €1,050/oz barrier to a high of €1,052.04 per ounce this morning. It’s up 7.2% this month, outperforming gold in dollars which is up 4.8%, and building on the 12% gains seen in 2014. Market participants are increasing...

I believe today marked a breakout on the PM stock indexes and Gold which have different reversal patterns. Below is the combo chart we’ve been following that has the HUI on top and GLD on the bottom. As you can see the HUI broke above its double bottom trendline...

It is only in America that nobody seems to know or care but, in fact, during 2014 gold was the second best performing currency after the US$.

We recently discussed the astonishing surge in net long positions in the US dollar, and the lopsided reading of associated sentiment surveys, which have broken all previous records (See “How Much Further Will the Dollar Rally?” for details). Here is a brief update...

Politicians and central bankers are desperately trying to convince investors that the economy has returned to what they deem as a “pre-crisis normality”. But the truth is the global economy has never been in a more fragile condition. In an example of just how...

The financial world is changing at a very fast pace and we would like to share with you some observations of alarming recent developments in the financial system. The New Year resolution of political leaders seems to be the global implementation of the bail-in...

Paul Joseph Goebbels was the Minister of Propaganda in Nazi Germany from 1933 to 1945. He once said that if you tell a big enough lie and keep repeating it, people eventually come to believe it.

The SPX appears to be at the beginning of a long-term distribution process which is forming a top of intermediate proportions. I want to stress the word “appears”, because the various indices are not yet unified in this process. It will probably take several more...

In answering the question posed in the title, many would simply say, “it’s all about the dollar, of course.” Others would say it is about demand in China or India. Others would say it is the conflict seen in Russia or the Middle East. Many were absolutely certain...

This article is based on an interview conducted by Claudio Grass, the Managing Director of Global Gold based in Switzerland, with Mr. Steen Jakobsen. Mr. Jakobsen is the Chief Economist and Chief Investment Officer at Saxo Bank, where he has served for a total of 14...

As 2014 has closed, we want to present our view of where markets are headed in 2015 in a series of coming articles. Toward the end of this series, we will cover real estate and the economy, something slightly different than what we normally cover in our market...