Gold Editorials & Commentary

On Monday, the Federal Reserve Bank of San Francisco published a report, which indicated that central bank is growing closer to raise interest rates. As a result, the US Dollar Index, which tracks the performance of the greenback against a basket of six other major...

Friday's release of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice. Instead the alarm clock was stuffed under the pillow and Wall Street kept sleeping. The miss was so...

"There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out. Then it would be up to the longer-term charts to do the heavy lifting if the daily does fulfill this downside potential.”

Is your portfolio’s fate dependent on Scotland’s? Why is it that when a place known for haggis, kilts and bagpipes indicates it might want to be independent, the markets pay attention?

The QE program created substantial hedge fund interest in gold-related ETFs. Unfortunately, QE never created the inflation the funds had anticipated. That’s because commercial banks held the QE money they received, “tight to the chest”, rather than loaning it to...

Given the troublesome economic conditions in the world and potential expansion of war in the Ukraine, Iraq, Syria, North Africa, and elsewhere, there is considerable risk that the S&P could fall substantially and a strong probability that gold will rally....

I believe last week marked an important turning point for the precious metals stocks. After two months of chopping in a tight trading range GDM, which I’m going to us as a proxy for the big cap precious metals stocks, finally broke below the critical brown shaded...

Only fools and the ideologically impaired believe that today’s capital markets are free. In free markets, prices are determined by supply and demand. In capital markets, supply and demand considerations are subordinated to capitalism’s increasingly dysfunctional...

Gold is the leader of the precious metals complex! It always has been and it is now. Silver and the mining shares have proven that they will follow the path of gold. If the following charts do not convince you, nothing will. So, study them hard and fast and don’t...

We have been bullish the USD and bearish the Euro, Canada dollar and Aussie dollar for quite some time now, most often using this simple weekly chart of various currencies. Months ago we noted USD creeping out of its downtrend (green dotted line) and the Euro...

The wait for the next leg up in both gold and silver has been excruciating. Many bulls are losing hope and the number of bears appears to be increasing. As for me, I remain rock solid. I hold long silver positions and I must say I am not worried one iota. Of course...

Last week, it was evident that SPX found sellers as soon as it posted a new high. This resulted in an attempt at starting a correction but it, too, suffered the same fate in reverse. If Friday’s rally runs into the same problem when the index reaches its higher...

The bear market in gold, silver and mining shares continues as we start the month of September. We have recent calls from investment banks for ever lower prices, perhaps more a symbol of how out of favor this sector is, than any accurate comment on future values. We...

A bit of a slow week for stocks that may be needing a rest now after a strong August. Summer is usually a weaker period for stocks with lighter volume but August was strong on lighter volume this year.

As of the first week of September gold investors have good reason to feel depressed; gold is down $50 since August 07th with no sign of the long expected turnaround. Still, for all the depressing market psychology we gold bulls must currently endure, technically...

Confidence in the precious metals trade has ebbed going into the fall, and our bottom hypothesis is about to be tested. It is an irony in light of what many of the central banks are doing to their currencies these days. But you have to remember that most investors...

There is no doubt gold is undervalued and stocks, the US dollar and bonds are way overbought. Globally, investors are flocking to the supposed safety and stability of the US despite rising deficits which are continuing to soar amidst the threat of instability in...

If you want to know why your holdings of physical gold and silver have remained under suppression, it is because both are anathema to paper fiat currencies, and the ones who are in control, the moneychangers, will not tolerate competition against their fiat Ponzi...

Long term – on major sell signal since Mar 2012. Short term – on sell signals. Gold sector cycle – down as of 8/8. COT data suggests a top is in for the metals.

The situation in the precious metals market is very tense. The medium-term trend remains down -- and we saw breakdowns in gold, silver and mining stocks, but at the same time the situation in the USD Index (which has been a major factor in determining the PMs’ and...

When one thinks of gold, it is usually always in terms of US$. Everyone has been conditioned to think that way. But if you live in Canada you most likely pay for your gold in Cdn$ not US$. For the most part one would make their gold purchase in the local currency....

In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter?

In American poet W. S. Merwin’s poem “To the Light of September,” the speaker calls the ninth month “still summer,” yet with a “glint of bronze in the chill mornings.” I agree—to an extent.

The Federal Reserve’s third quantitative-easing campaign is on track to wind down in late October. At that point the Fed will likely stop printing new money to buy bonds, a sea-change shift with ominous implications for the stock markets. Their entire surreal...

In recent weeks we wrote about the ongoing consolidation in precious metals miners. We touched on the history of September, not as a bullish month but as an important inflection point. With the miners holding up well and Gold still holding its lows we thought a...

Gold Volume Bar, Silver MA, GDX RSI, GDXJ Saucer Line & Dow Weak Volume Chart via videos.

This possibility is certainly showing in the chart of gold. As can be seen, gold has been trading in a trying multi-month sideways trend that represents confusion, uncertainty and frustration on the part of investors.

Tonight is a good time to look at some long term charts for the US Dollar and the Japanese Yen. I’ve been waiting for this day for more than a year now when I first created this long term US dollar chart. Some of our long term members will recall this monthly...

I will be honest, it has been a long time since I have been excited about gold, but I am starting to like gold once again. I had grown too bored to care what gold did. With the bull market top in 2011, and four years later price continues to founder can you blame me...

It is hard to separate market truths from market lies. By this I mean distinguishing between honest pricing based on genuine supply and demand, and markets rigged by governments and their central banks. Obviously, markets rigged by governments make any rational...