Gold Editorials & Commentary

During a time in which mining companies are truly hated by investors globally, the outspoken market commentator and CEO of Euro Pacific Capital, Peter Schiff, indicates that this is the best time to be launching a mutual fund with exposure to the sector.

Recently, there was a huge distribution day on this US dollar proxy chart. Technically, heavy volume is most ominous, when it comes at the end of a rally.

Futures speculators have responded to this year’s extreme bearishness plaguing gold by amassing wildly-outlying record short positions in it.  These huge and highly-leveraged bets can only be unwound by buying gold futures to cover the shorts.  As gold continues...

On the global market scene, Russia has been one of the major laggards this year.  The Market Vectors Russia ETF (RSX), a reflection of the country’s stock market, fell 22% from its high earlier this year.  RSX was testing a three-year low not more than a month ago...

Regular readers have heard this warning on many prior occasions. We are facing an economic menace unparalleled in all of history: the Rise of the Oligopoly.

When it comes to the market indices, everyone focuses on the nominal level. The nominal price is the most visible and the one that analysts, investors and the media mention in their reports.

The most important Wednesday’s event was Ben Bernanke‘s testimony. The Fed Chairman said the U.S. central bank still expects to start scaling back bond purchases later in the year, but left open the option of changing that plan if needed.

In an environment where financial markets are probably more dependent on the action of central banks than at any point in our lifetimes, the markets parsed every word of Ben Bernanke’s Congressional testimony Wednesday.

US and UK inflation rose faster than interest rates in June. Get used to it...JUST WHY DO people choose to buy gold and silver?

Gold 'Indecisive' Below $1300, Asian Premiums Strong, Ahead of Bernanke Speaking to Congress.  The PRICE of GOLD held steady around $1285 per ounce Wednesday morning in London, trading unchanged for the week so far ahead of a key speech from US Feder

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  HENRY FORD

DEFICITS MATTER! Democrat Franklin Delano Roosevelt was the first to publicly declare that deficits did not matter since, he reasoned, we owe the money to ourselves. Dick Cheney, who should know better, made the same claim in behalf of Republican deficits.

In Part I, we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity.

Oil may hold the key to the next big move in gold.  On the geopolitical front, the Iranian government’s nuclear program could trigger an attack from Israel, and that could cause oil to surge higher. 

Although gold prices eased on Friday as the US dollar tumbled, prices remained on track for its biggest weekly gain since October 2011, as fears of an early end to U.S.

It was a challenging first half of the year for most commodities, with only two resources we track on our Periodic Table of Commodities Returns

A subscriber asked me this week why the precious metals complex has been falling and if the charts could show the reason why. From the Chartology perspective it's really a no brainier why this sector has fallen on hard times.

In countering the relentless gold-bashing propaganda of the mainstream media; readers have listened to the many virtues of gold (and silver) recited again and again by the (legitimate) commentators within the sector.

The impact of the lower yen and rupee versus the US dollar on Treasuries and bonds.  As a result of “the stronger dollar” the treasuries showed very nice gains measured in yen as a result of which the Japanese offloaded a record $30bn of foreign bond

Dual Mandate Says No Major Changes Coming.  In 1977, Congress amended The Federal Reserve Act, stating the monetary policy objectives of the Federal Reserve are “to promote effectively the goals of maximum employment, stable prices and moderate long-term interest...

During the recent weeks we have seen commodities especially precious metals continue to drop in value.

China's Surging Demand "Supporting Gold" as Retail Sales Defy GDP Slowdown

LONDON prices for physical gold held little changed Monday morning, edging lower from the best weekly finish in three as new data showed China's economic growth slowing but retail sales...

As the 10-year to T-bill yield curve chart makes clear, we are not in Kansas anymore.  We are in Wonderland and as you can see, in Wonderland interest rates and their interrelationships are at the center of events.

Last year I correctly spotted the three year cycle low in the CRB. I must admit the retest of that bottom has taken much longer and been far deeper than I thought it would be. However, I think the retest is over.

There is good reason to believe that gold and silver has just passed a historic low in their bull market correction.  Here’s a chart comparing the 1982-2000 Dow Jones (Blue Plot) and NASDAQ Composite (Red Plot) bull markets (weeks 1 to 918) with the current bull...

Do markets send messages?  Absolutely, and they are there for anyone and everyone to see as they develop.  Most people like to read news about increased demand for gold and silver, record purchases for silver eagles, etc, etc, etc.  The headlines over the past...

The decline in gold prices this year has been classically bearish. Each sharp drop is followed by a consolidation before another sharp drop, thus trapping buyers who have been trying to pick a bottom.

Wow is all I can say.  It was the best week of the year by a long shot and we’ve had some stellar weeks to be sure.

The US economy is doing well, compared to Europe’s worst performing countries. The most recent jobs numbers growth shows lots of part-time workers.  That’s not going to create a thriving economy.

There’s a three year downward trend in Chinese imports underway. The chart below, from Nomura Global Economics, shows the trend quite clearly.