Gold Editorials & Commentary

The big gold-ETF buying that catapulted gold higher into early August has gone missing in action.  That’s why gold stalled out since, drifting sideways flirting with a correction.  To continue powering higher, gold needs these major stock-market-capital inflows via...

Over the past month, gold has traded in a range with support around $1,900. Bulls have made a couple unsuccessful attempts to retake and hold above the $2,000 level following the sharp plunge below it on August 11th. 

Today, institutional participation – the enormous Wall St and global wealth management and investment firms and their clients from hedge funds to pension funds – in the gold market is minimal.

There can be little doubt that macroeconomic policies are failing around the world. The fallacies being exposed are so entrenched that there are bound to be twists and turns yet to come.

The U.S. stock market plunged last week. Will gold follow suit? Last week, the U.S. stock market has seen strong selling activity. The S&P 500 Index has declined about 7 percent from its peak, while the Nasdaq Composite Index plunged more than 10 percent (...

In mid-March, just as the coronavirus was gaining momentum, the price of gold began to rise.  After trading sideways from 2015 to 2019, gold rose from a low of $1,471 in mid-March to $2,069 on August 6th, a spectacular 40% rise in five months.

Institutional investors have maybe 0.5% of their assets invested in the precious metals sector. At the peak of the gold/silver in 1980 institutions had 5% invested in the precious metals sector. Since then that allocation has not been above 1%. Eventually a monster...

Gold doesn't exist in a vacuum, and within the love trade part there's to the king of metals, it competes with other risk-on assets such as the stock market. Let's dive into the most recent move in stocks.

Toined the macro, that is (in Moe’s Brooklyn accent). Step by step… A rising Gold/Silver ratio preceded the March disaster, made an ill-fated bounce pattern in May-June and then got hammered by the 24/7 liquidity spigots opened up by a desperate Federal Reserve and...

In this second MAM Chat, Egon von Greyerz and Matthew Piepenburg swap thoughts on the seductive yet dangerous 2020 market melt-up. Not surprisingly, all patterns point toward the case for precious metals.

I rarely mention anytime I’ve been interviewed. However, I was reviewing a casual conversation I just finished with one of my readers, Bob Unger, and I thought Bob’s questions led to a well-rounded expression of how, over the past two years, our economy got to the...

The government saved nothing to prepare for any type of crisis, and the result of that failure is obvious. As horrifying as the failure-to-save actions of the government are, I’ve argued that most of the Corona crisis debt is factored into the gold price.

Since posting new record highs in early August, the gold market has consolidated above $1,900/oz support. A close below the $1,900 level would carry bearish implications for the near term.

The global pandemic has plagued the economy with uncertainty for nearly half a year. Despite early reports of a miracle vaccine, doubts and re-infections have once again cast skepticism on returning to what life once was. The unpredictability of the pandemic coupled...

Great news for the U.S. labor market: according to the BLS, the American economy regained 1.4 million jobs, while the unemployment rate fell below 10 percent for the first time in the pandemic era! To be more precise, the unemployment rate declined from 10.2 percent...

Last week SPX experienced a sharp decline which many analysts considered overdue, followed by a sharp retracement and another pullback into Friday’s close.  It has been a while since the index has experienced this kind of volatility.  It is too soon to know how much...

Last week's trading saw gold forming the more bearish pattern of an early-day high into resistance, with the metal hitting a peak of 2001.20, made on a Tuesday time top. From there, lower prices were seen into late-week, here dropping down to a Friday bottom of 1921...

I need to take a break in my market commentary.  The markets are boring me to death, and I fear most of my readers are finding reading my commentaries as boring as I do writing them.  So I’m going to take the next two weeks off, and will come back on the weekend of...

The seasoned Gold enthusiast is sensitive to seasonality. And by conventional wisdom, 'tis said that the run from September through November is Gold-positive. After all: Gold is thought to sop up the negativity suffered by stocks in September, mitigate the surprises...

As the tech-heavy stock market indexes sold off on Thursday, many investors were forced to re-think their positions. For the past few months, mega cap technology companies like Apple, Amazon, and Tesla have led the market higher. Yesterday they led the market lower...

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. We are hedged, locking in 130% profit on our core position, and 20% on our...

The gold miners’ stocks are mired in correction mode, which isn’t surprising after their mighty post-stock-panic upleg. Huge buying catapulting them higher left this sector extremely overbought. Corrections are normal and healthy after prices get too stretched...

After a profound spell of weakness, the USD is getting ready to move, not leaving the yellow metal unaffected. Conversely, it seems that what is about to happen in the USD Index will have a profound impact on what happens in the yellow metal.

“Those who plan, invest and execute long-term win,’ says long-time market analyst R.E. McMaster in A Layman’s Guide to Golden Guidelines for Wise Money Management. “Win-win decisions, looking to the long term with short-term work and sacrifice, are historically the...

In late July, during an interview with CNBC, the chief investment officer of private wealth management at Goldman Sachs made the following statement: “Our view is that gold is only appropriate if you have a very strong view that the U.S. dollar is going to be...

Would you like to know one simple way of achieving investment successes and getting rich? That’s great, I will reveal this secret to you – and you even don’t have to click anything! The trick is to find a bull market and go long! And, what a coincidence, gold is...

Make no mistake, higher gold prices are coming. By pulling yet another arrow from its quiver, the Fed's just helped move us closer that target. The Fed wants inflation, so it's going to get it. Problem is, we the people, will have to live with it. 

If you think that price inflation runs at about 1.6% you have fallen for the BLS’s CPI myth. Two independent analysts using different methods — the Chapwood Index and Shadowstats.com — prove that prices are rising at a far faster rate, more like 10% annually and...

RESEARCH HIGHLIGHTS: A Phase II rally in metals is just getting ready to start. Phase II rallies are very explosive and tend to enter Parabolic trends. Gold could rally 250% to 350% over the next several years. Silver could rally 550% to 750% over the next several...

According to the WGC, the latest leg of gold’s 2020 bull-run has come too fast, but gold has still potential for further upside. The World Gold Council has recently published a few interesting reports. Let’s analyze them and draw important conclusions for the...