Gold Editorials & Commentary

After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another...

I’m the most disconnected from politics as I’ve ever been. It’s a waste of time. Capitol Hill is one big Kabuki Theatre performance space. The country is completely screwed and the elitists know it. Everyone who is in a position to grab wealth and power is...

Last week's trading saw gold forming its low in Wednesday's session, here doing so with the tag of the 1877.10 figure. From there, a sharp rally was seen into later in the week, with the metal running all the way up to a Friday peak of 1936.80.

I used to subscribe to Richard Russell’s Dow Theory Letter.  I consider my actual education on markets began with Mr. Russell’s market comments. My inspiration for my Bear Eye View (BEV) charts came from one of his letters, published around 1995.  A subscriber...

'Tis been a curious pricing patch for Gold. It has just recorded back-to-back up weeks respectively of +2.1% and now +1.7%, for a combined two-week total of +3.9% (+72 points). 'Course as we oft quip, change is an illusion whereas price is the truth. And in settling...

By moving above 3430 -- thereby overcoming an important resistance band which started at 3330 -- SPX has shown that it is no longer susceptible to a .382 retracement of the move from 2192.  It is, however, susceptible to a minor correction of a week to ten days.

Our propriety cycle indicator turns up this week. Gold sector remains on long-term buy at the end of September. GLD is on short-term buy signal.

Our proprietary cycle indicator turns up this week.

INTERVIEW HIGHLIGHTS: After a 30-year rally in the bond market, interest rates can’t go much higher given the lack of trust resulting in marginal returns. The lack of demand coupled with too much supply in the oil market has oil companies losing money at these...

Gold and silver continue to consolidate in a narrow range this week, but gold finally broke out on the upside tonight, closing up $35 at $1928, and silver up 5.4% at $25.11.

Maybe a little too much detail, as the TA novelty known as the Andrews Fork makes an appearance. But here is the story that the bigger picture weekly view of the HUI Gold Bugs index wants to tell.

They say that time travels are impossible. But we just went back to the 1960s! At least in the field of the monetary policy. And all because of a new Fed’s framework. So, please fasten your seat belts and come with me into the past and present of monetary policy –...

Precious metals investors faced choppy market seas this week. Gold bobbed to a slight decline while silver essentially treaded water through Thursday’s close. Both are advancing strongly today.

After soaring in a powerful upleg, the gold miners’ stocks have been grinding lower for a couple months now.  This ongoing correction is increasingly draining enthusiasm for this small contrarian sector, working to rebalance sentiment.  Gold-stock price levels...

Here are today's videos and charts.  The videos are viewable on mobile phones as well as computers.

RESEARCH HIGHLIGHTS: InfoTech has been the hottest sector in the past 30 days, although it is 11% off from September 21, 2020 highs. Consumer Discretionary and Healthcare are the #2 and #3 hottest sectors. The Energy, Internet, Banks, and Insurance sectors have been...

Oh boy, what a week has been so far! On Friday, when it turned out that the United States President was tested positive for the Covid-19 and taken to the hospital, the whole world held its breath. Luckily, he was hospitalized for only three nights, and on Monday, he...

There’s been a lot of media/Wall St/blog noise about the relative strength or weakness with the U.S. dollar.  With respect to gold, the daily vicissitudes of the gold price are associated with the daily price variations of the dollar index. This is incorrect...

For the last 2 days our internet has been down which really makes you appreciate this miracle invention. We’ve had intermittent problems through the years that no one has been able to figure out until today. The phone company finally came to the conclusion that...

Chris Vermeulen joins Boom Bust to discuss Jerome Powell’s latest comments on the Federal Reserve delivering more bailouts to the US economy and the latest roadblock in stimulus negotiations between Trump and Congress.

Looking at the precious metals market, it’s highly likely that the unsteady behavior will continue, with COVID-19 rise of infections, Trump’s health headlines, USDX’s momentum, Fed stimulus effects, U.S elections race, and God knows what else arriving in store this...

Less than 24 hours after beating the apparently wimpiest case of covid-19 ever, Donald Trump decided that his subjects’ lives aren’t exciting enough. So he called off Congressional talks on the latest stimulus bill.

We all know that the second quarter was disastrous for the US economy. And now, it’s official. Last week, the Bureau of Economic Analysis published the third real GDP estimate in the Q2. According to the report, the real GDP decreased at an annual rate of 31.4...

As we turn the calendar to October, often a daunting month for financial markets, the same toxic mix that has bedeviled the global economy for most of 2020 remains in full force – the pandemic, the crippled economy, the money printing, and the disheveled politics....

Historically, gold tends to do well ahead of US elections and after the Chinese “Golden Week” holiday. Both these events are currently in play. 

RESEARCH HIGHLIGHTS: In the early 1900s, multiple events prompted a rising commodity price level and a decline in the Stocks to Commodities ratio. We expect commodities may begin to appreciate and where stock price levels may stall or decline.

The best performing precious metal for the week was platinum, up 3.76 percent. Bank of America Research noted that platinum should benefit from the expansion of the fuel cell economy which uses the metal as a catalyst. Gold climbed back above $1,900 an ounce on...

SPX is likely about halfway through its correction and in a temporary uptrend which may already be over if it loses too much ground over the next couple of days -- even though cycles appear to be favorable to an extension of the mid-course consolidation for another...

The action into last week saw gold forming its low in Monday's session, here doing so with the tag of the 1851.10 figure. From there, strength was seen into late-week, with the metal running all the way up to a Friday peak of 1923.60 - before backing slightly off...

With Gold settling out the week yesterday (Friday) at 1904, this tenth and final year of the century's second decade in measuring from StateSide Labor Day (07 September) finds Gold at present -1.9%. Hardly that about which to worry; but come Thanksgiving Day (26...

Again this week, the Dow Jones avoided closing below its -10% line in its Bear’s Eye View chart below.  If next week it rises up into scoring position (above its BEV -5% line), and advances toward its current high of the move (-1.53%), the Dow Jones will be in good...