Gold Editorials & Commentary

It is unclear what the market is doing structure-wise. Perhaps we are still in wave B of 4, or perhaps the pattern is evolving into something else. However, there is convincing evidence that we are quickly approaching another market top. While we cannot easily...

The ending of QE3 money printing by the Federal Reserve and the announcement of QE9 by the Bank of Japan knocked the price of gold and silver back to levels not seen for four years last week, a logical reaction if you genuinely think US interest rates are now on the...

Gold finally crashed key support at last year’s lows on Friday, which was a very bearish development that has opened up the prospect of an immediate severe decline at least to the strong support in the $1,000 area. Such a decline will have grave consequences for the...

Markets were strong as suspected… as the charts predicted with leading stocks really doing well. This is a very strong time of year historically -- and it looks like this year will be no different. We generally make a good portion of the year’s profits in the couple...

The trials of Job indeed! To that end, I do not recall taking a day off from writing in the past two years – and given the horrific immolation the world’s Central banks are foisting on the world’s population, I don’t anticipate slowing down any time soon. Following...

I traveled last week to the New Orleans Investment Conference, previously known as the ‘Gold Show.’ Jim Blanchard, a man known for promoting the right to own gold during the Nixon era, started the conference in 1974.

Gold hit new lows in October so the bears are growling. Popular consensus seems to be they will continue to dominate the short term landscape. I suspect a bear trap has been set and they are about to be gored by the bulls.

If ever there was a time to buy gold and silver now is the time! The Delta turning points have never failed. I started working on Wall Street in 1956 with Carl M. Loeb, Rhodes & Co. In 58 years of working on and dealing with the pursuit of market timing, there...

During the time Alan Greenspan and representative Ron Paul had their famous series of exchanges (some might have labeled them confrontations) during Congressional hearings from 1997 to 2005, the congressman made what turns out to have been a prescient observation. "...

On several occasions, over as many months, comments have been made here to the effect that reading developing market activity is the best source for knowing what to expect, moving forward. Most people have a need to rationalize the markets by coordinating known...

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 tradable bottom is not in yet for the metals.

Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level yesterday (Thursday) and...

Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying.

Chinese Stocks, GDXJ, GDX, Gold 3-Strikes & Silver Wedge Analysis via Videos.

Lacking a distinctive catalyst, gold prices have languished in recent weeks after a failed turnaround attempt earlier this month. Gold’s primary form of price propulsion is fear and uncertainty; as long as investors are worried what the future might hold, gold is...

As expected, the Fed announced yesterday it would end its six year money printing and bond buying program. Given the fragile nature of the U.S. economy, Eurozone economy and indeed the global economy, Fed critics continue to believe that this may be a short term...

Last week we argued that the underperformance of the gold miners during Gold’s rebound was a bad sign. Since then the miners have plunged to new lows while Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn’t be a surprise as it would...

John Tamny, of Forbes magazine has written a recent article in which he takes Austrian economist David Gordon to task for not being Misesian enough in a book review of Money by Steve Forbes and Elizabeth Ames. Such critiques can be a useful exercise when the author...

China first delegated the management of gold policy to the Peoples Bank by regulations in 1983. This development was central to China's emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress...

Gold bullion bottomed this morning at $1,165.30. This is exactly on the long term quarterly rising trend line. The Dollar Index, the DJIA and the S&P500 are at a top and ready to collapse. This is a major turning point for the markets.

October has a reputation as a graveyard for many Bull markets, a reputation that was enshrined by the “Black Monday,” Crash in October 1987, when the Dow Jones Industrials plunged -22% in a single day. And then again in October 2008, the Dow plummeted -3,000-points...

In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. Gold and mining stocks declined yesterday in a rather profound way. The GDX ETF finally broke below its 2013 lows and the volume that...

For some strange reason, the Western official gold demand figures for China are WAY OFF. According to a recent article by Koos Jansen at Bullionstar.com, the Chinese Gold Association reported much higher gold demand than the figures published by the World Gold...

U.S. dollar has become the world’s safe haven. This has driven the dollar higher. And the dollar’s up-move has kept downward pressure on gold. Taking a look at the big picture, however, you’ll see this relationship more clearly.

Risk taking is a natural part of life, especially in the capitalist system where the greater the risk, the increased potential reward. The TSX Venture Index which is made of the Canadian start-ups in junior mining and high tech is hitting lows not seen since 2002...

A cursory glance at the various financial news media this morning shows nothing particularly unusual for these unusual times. The ECB have paraded a list for stress tested banks and the market shrugged. However, there is a disturbing thread running through most of...

The U.S. Mint has sold nearly 60,000 ounces of American Eagle gold coins so far in October due to increased global demand from store of wealth buyers as economic and geopolitical uncertainty increased.

We’ve now seen the last day for a Fed POMO. If you’re unfamiliar with this term, it stands for Permanent Open Market Operation. This is the mechanism through which the Fed pumps money from QE into the financial system. It’s also the single most important item as far...

This is probably not the type of article anyone who owns precious metal stocks would like to read, but here it is. The analysis presented today illustrates short-term and mid-term outlooks up front, with the Elliott Wave count indicating the longer-term trend...

Any doubts about why I own gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price of gold will rise – I don’t need his investment advice; it’s that he...