Gold Editorials & Commentary

Gold, silver and the HUI Gold Bugs index are viewed here by their big picture monthly charts. In NFTRH we use mainly daily and weekly charts of these along with individual miners to better gauge the shorter-term pictures, which will advise on the end of the...

Our proprietary cycle indicator is WAY down. Gold sector remains on long-term buy at the end of August. Data favors overall lower gold prices.

Precious metals markets got clobbered early this week as gold and silver broke down from their high-level consolidations. Strength in the U.S. Dollar Index seemed to be the catalyst that got the selling going.  Once key technical levels got breached, the selling...

The gold miners’ stocks have just been hammered, plunging to new correction lows.  That shattered their indexes’ 50-day moving averages, pounding nails in the coffin of this sector’s recent high consolidation.  This necessary correction probably isn’t over yet.  It...

This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing...

The life cycles of Chairpersons of the Federal Reserve resemble royals. For a few years they are closely watched, every word is analyzed, and they are treated as royalty—because they control the flow of fiat currency units. But after they have implemented...

For the time being, things are not looking good, my bull friends. The bearish trend in the gold market continues. As the chart below shows, we saw a significant selloff on Monday with gold prices decreasing from above $1,950 to $1,909. To make matters worse, the...

After taking it on the chin for the last six months, the U.S. dollar now looks set to rally. Gold is being dented, having recently traded back below $1,900. Meanwhile, the dollar is already up nearly 1.5% since the start of September. That's a big deal for the world...

Unfounded optimism is the basis of mental health. “We remain committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible, and to limit lasting damage to the economy.”

Mining production? No. China’s consumer demand? No. The main drivers of gold prices are, as I’ve repeated many times, the U.S. dollar and real interest rates. You don’t believe it? You don’t have to – just look at the charts below.

While the COMEX digital metals remain in pullback and consolidation mode, the price action may seem eerily similar to some in the sector. Why? Because it IS similar...at least when compared to 2019.

In an ephemeral world, few things survive. I am not talking about species or human beings whose existence on earth is also transitory. Instead I am referring to social and financial systems which are now coming to an end.

The trading range on the HUI and other PM stock indexes continues its job of confusing both the bulls and bears alike. I’ve always said that trading an impulse move is much easier than trading during a consolidation phase. During a strong impulse move up it is easy...

In military terms, the phrase "locked and loaded" refers to "locking" a magazine or cartridge into a firearm and loading a round into the gun's chamber. A variant is to "lock the safety" and then load a magazine into the weapon.

As gold rallied into the $2000 round number resistance area, I asked investors to prepare for a pullback to my key buy zone at $1788. The daily gold chart. The pullback has been quite orderly.

The year that we’re in is one of the most challenging ones to date for the global stock market, and many other markets. Gold is no exception. And yet, there are quite a few techniques that allow one to stay up-to-date with markets and to determine outlooks for them...

The number of new daily infections in Europe is rapidly increasing, even reaching new heights in several countries. That is just another reminder that the second wave in fall or winter is upon us.

The Federal Reserve last week reiterated its commitment to an unprecedented inflation-raising campaign. Specifically, the Fed aims to push the inflation rate above 2% for an extended period.

In August, our article Cycles Support A September Buying Opportunity reported the potential for an aggressive cycle decline into the next 6-month low. That collapse is underway and we could see a buying opportunity by late September or early October.

So far, 2020 has been an incredible and challenging year for the many markets, and that does not exclude gold, arguably one of the most important and most valuable commodities in the world.

The best performing precious metal for the week ended September 18 was palladium, up 1.57 percent as hedge funds boosted their net-long position to the highest in six-months. Gold had a second weekly gain after the U.S. dollar steadied and investors weighed a...

The stock market hates uncertainty. That is the worst environment for stocks. Presidential Elections create enormous uncertainty. First, let’s consider the scenario where an Incumbent President is running for reelection.

SPX is still essentially basing until it gets above 3380. During this process, it must remain above 3330, or something else (to be determined) is taking place.

Last week's trading saw gold forming its high in Wednesday's session, here doing so with the tag of the 1983.80 figure. From there, a decent decline was seen into Thursday, with the metal dropping down to a bottom of 1938.20 - before bouncing off the same into the...

Per the wording in this week's title, to fundamentally find anything "negative" for Gold these days is a fool's game. Certainly so since price unwound from having gotten ahead of itself nine years ago.

All three major stock-market indices completed three consecutive weeks of falling today as we head into fall next week. The NASDAQ, as you see in the opening graph, has set up a clear trend of perfectly aligned closings this week.

Gold sector remains on long-term buy at the end of August. Long term – on major buy signal. Short term – on sell signals. Gold sector cycle is down, a consolidation/correction is in progress. 

At least through 2023: That’s how long the Federal Reserve expects near-zero interest rates to last as it seeks to support an economy that’s seen more than 60 million jobless claims since mid-March. Gold has thrived in this low-rate environment, hitting an all-time...

Views of gold in relation to other markets and brief summaries thereof, with a focus on how it relates to the gold mining sector and the inflationary macro to come.

Gold and silver investors who were hoping Wednesday’s FOMC meeting would be a catalyst for a major breakout move were largely disappointed. The metals complex didn’t see an immediate boost from the Federal Reserve’s dovish policy meeting. Still, the central bank’s...