Gold Editorials & Commentary

From early 2001 to the fall of 2011, gold performed in stellar fashion. The shiny yellow rose steadily from $256/oz to an intra-day all-time high of $1,921 in September 2011…an incredible appreciation over 650%.

I decided to do an important update of the US Dollar Index, because Friday’s rise in Gold and gold stocks alongside oil indicated a likely top. I have been extremely bearish on energy and precious metal stocks the past few months because of the upside strength...

Gold continued to get hit hard along with silver. The white metal finally hit and held the $15 level which is very important. And gold sliced through lows at the $1,180 area like a hot knife through butter. However, we saw an extremely positive end to the week...

The Federal Reserve Bank’s Balance Sheet has ballooned from $750 billion in 2007 to $4.5 trillion in October 2014. That is a $3.75 trillion, 500 percent, increase in their balance sheet in seven years. How did they do that and why does it matter? They did it by...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 8/8. COT data suggests a major bottom is not in yet for the metals.

Central Banks continued to buy gold for the 14th consecutive quarter in Q2 2014. CB’s purchased 118t in Q2 2014 up 28% over Q2 2013. The announcement of a fourth CBGA in the second quarter also reiterated that sales will not be forthcoming from some of the largest...

Americans spoke loudly and clearly at the polls this week, repudiating Obama’s and the Democrats’ failed big-government policies. This huge Republican victory has serious implications for the Fed and US stock markets. Republican lawmakers have long opposed this...

The precious metals bear market, beginning with silver’s blow out in early 2011 and the general top in the commodity and ‘inflation trade’ along with gold’s lesser blow out later that summer amidst Euro crisis hysterics, has been all about psychology. Well, every...

The selloff in precious metals intensified over the past week. GDXJ declined 25% in seven days while Gold plunged below $1180 to $1140 and Silver plunged below $16 and to as low as $15.20. Precious metals are becoming extremely oversold and the bear market is...

I had to pinch the above graph from an informative article written by a writer named Grant Williams on the Swiss Gold Initiative, the subject of a referendum in roughly 30 days, spearheaded by Swiss MP Luzi Stramm and fund manager and writer Egon von Greyerz. Mr....

The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever. Rather, as has been the case in the last few election cycles, voter revolts have hinged on...

The commodity equities are selling off as The Fed halts QE3. However, we are reaching oversold levels and support areas where short covering could soon begin. Commodities, metals and the junior miners are hitting multi year lows and falling below 2008 credit...

Recently the financial press and media has been abuzz as the Federal Reserve moved closer to the anticipated end to its massive bond and mortgage backed securities purchases known as quantitative easing. James Bullard, President of the St. Louis Federal Reserve Bank...

Gold bugs will be pardoned if they are having thoughts of “hari-kari”. Gold bugs woke up on November 5, 2014 to another $25 plus drop in the price of gold. Seems that someone found it convenient to dump $1.5 billion of naked gold futures (equivalent to roughly 1.3...

I proposed seven drivers of financial implosion in my dissertation. My recent writing has focused on two of them. One is the falling rate of interest on the 10-year government bond. As interest falls, the burden of debt rises. Since the falling rate incentivized...

The people of Switzerland go to the polls on 30th November to vote on the gold initiative. The proposal requires the Swiss National Bank to hold gold reserves of at least 20% of the value of the assets of the Swiss National Bank. The initiative also wants no further...

As most of you probably know, I have been expecting the CRB to form a major three year cycle low sometime next summer. However, I’m now starting to see some things that might indicate a major cycle bottom is going to occur earlier than I expected.

When Dr. Alan Greenspan became chairman of the Federal Reserve, he moved from the world of rhetorical economics to the world of action. His most recent memoir, "The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting," attempts to make sense...

Learn more about the coming death of the petrodollar and how it will directly affect you. The chaos that one day will ensue from our 35-year experiment with worldwide fiat money will require a return to money of real value. We will know that day is approaching when...

As a result of what happened during just one of the past twenty decades (the 1970s), most people now believe that a large rise in "price inflation" or inflation expectations is needed to bring about a major rally in the gold price. This impression of gold is so...

Disillusionment with Europe's single currency continues to grow with the cracks beginning to show in it's heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds.

In January of 2011, I swapped a fair amount of physical silver bullion for physical gold bullion. A couple of weeks ago, I reversed the swap. When I first did the swap in 2011, silver was trading above $30. I wasn’t trying to call any tops or bottoms. Gold simply...

Alasdair Macleod of Goldmoney.com put out a piece last week which suggests China may already have accumulated between 20,000 and 25,000 tons of gold prior to 2002. Please read this very carefully as it makes very good sense and puts a piece into the puzzle which...

This long, disheartening, dismaying, giant correction is just about over. There have been four bull moves after each occasion that the price of gold touched the quarterly rising trend-line. Each bull move was greater than the previous bull move. The last bull move...

I have lower targets outstanding, including a big-picture support at 1125.00, but the one shown at 1141.30 should be used as a minimum downside objective over the very near-term. Traders should position from the short side until it is reached, but be aware that a...

One of the greatest fears this October—possibly the most volatile month of the year—has been the correlation between the S&P 500 Index’s ascent in the first three quarters of the year and the possible ramifications of the end of quantitative easing (QE).

In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are adjusting the stop-loss levels (again), so in a way we are locking-in even more of the profits from the current positions and,...

Woe unto the gold speculators, and a curse laid upon the house of silver. At least, that’s how it may feel. In more clinical terms, the gold price fell from $1,230.90 to $1,172.59, or $58.31. The drop last week was 4.7%. The price closed the week below the level set...

Gold continued weak in its performance during September. The yellow metal’s price dropped almost 5.5% from $1286.50 to $1216.5 (London PM Fix). In the last Market Overview we came to the conclusion that the real interest rate is one of the main drivers of the gold...

We ended our last essay, entitled “Apocalypse Now “ with the question has your market guru been advising you to buy all the way down from the highs of 2011? If so, don’t you think it’s time to reexamine your premise. Well, if you have maybe you are ready to adopt...