Gold Editorials & Commentary

Everything good comes to its end sooner or later, and no ascent lasts forever as Icarus would confirm. That could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let’s take a look at the USD...

SPX is on the verge of a correction for the reasons given above.  Afterwards, it should be ready to make another all-time high, perhaps by a good margin.  At least, this is what various methodologies suggest.  Primary among these is the view of EWT technicians who...

Two dates in the history of the precious metals will stand out above all others for some time to come – April 2013 and August 2020; two occasions when the price of gold fell $200 in one shot. The two events differ in some essentials, but also share a number of...

Last week's trading saw gold market continuing to remain weaker, with the metal dropping all the way down to a Wednesday low of 1874.20 - before giving way to a decent bounce into Friday's session.

This week the Dow Jones closed at a new high for the move, from its -38% bottom of last March.  At week’s end, it has fallen short of breaking above its BEV -5% line.  So, the Dow Jones isn’t in scoring position just yet, but maybe that’s what next week is all about...

"Shorting Gold is a bad idea." --[mmb, 2009-to-date] To be sure, that remains a favourite quip of ours over these many years of producing The Gold Update. Not that the Shorts didn't have their run from 06 September 2011's high of 1923.7 down to 03 December 2015's...

Our proprietary cycle indicator is down. Gold sector remains on long-term buy at the end of July. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. 

As Joe Biden announced his VP pick, Wall Street’s hopes for a V-shaped economic recovery were revived by falling jobless claims and the S&P 500 inching closer to an all-time high. Precious metals markets, meanwhile, were hit with a big V for Volatility.

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

Our friends and followers love it when we publish and Adaptive Dynamic Learning (ADL) predictive modeling chart.  These are very special charts because they show us what our proprietary predictive modeling system is suggesting is a likely outcome many weeks or...

The spike-high we forecasted in gold last week appears complete. Prices collapsed to $1874.20 by Wednesday before finally rebounding. We think gold could retest support near $1700 by late September, which should produce the next great buying opportunity. 

As the federal government continues to bailout the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy.

The major gold miners’ stocks have skyrocketed since mid-March’s stock panic, attracting in a deluge of new capital inflows. That recently catapulted this normally-contrarian sector to extremely-overbought levels, necessitating a rebalancing correction. The gold...

The U.S. imported a record amount of gold bullion in April during the global contagion and shutdown of many economies.  The United States imported more gold in April than it did during all of last year.  A lot of the gold imported into the U.S. was due to delivery...

The disruptions caused by the pandemic of Covid-19 forced people, companies, governments, and organizations to challenge their basis assumptions about their ways of life and conduct. Some of them might be trivial such as more frequent and thorough hand-washing, but...

Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected.

On August 7, gold in US$ notched its all-time nominal high of $2,089 (It's been printing new highs in many other currencies for quite awhile now.) Silver peaked (so far) at $29.92. After a few days of attempting to scale $30, it gave up the ghost and dropped a...

Tuesday was hot!  And I don’t mean the weather. I mean that it was a remarkable day for the precious metals. The price of gold plunged more than $100 two days ago and it even dove below the key $1,900 level at one point on Wednesday. As the chart below shows, the...

Two major asset classes are major beneficiaries of the unlimited money printing and credit creation that is now taking place globally. One of them will end in tears and the other one has just started a major secular bull market.

Gold is likely to plunge, but not without an additional temporary upswing first. Gold just plunged over $100 in one day, while silver declined over $4. Miners declined significantly as well. Many investors and traders were caught off-guard with these moves, but not...

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This...

Measured by the common man, we’re on the road to ruin. The US has been in decline for decades, but you can’t see that by looking at stocks. You can’t tell it from those who lie about the economy to make their living, but look at long-term real numbers, and you see...

Gold is at a point where most of the horrific Corona crisis news is priced in, the US economy continues to strengthen, and not enough government handout money has been spent by Main Street to create inflation.

The triumph of the gold bulls has finally come, as gold jumped above $2,000. But what’s next for the shiny metal?

The near-term trends in precious metals reached extremes - a temporary top is becoming likely. A daily close below $2000 in gold would confirm a spike-high top and beginning of a 1 to 2-month correction. 

While the gold hype is impossible to miss as its steep rise brought it above the 2011 all-time highs, how sustainable is it exactly? And what about its short-term prospects? That's what we'll examine in today's article.

The best performing precious metal for the week was again silver, up 16.04 percent despite hedge fund managers cutting their net bullish positions to a six-week low; thus the physical market is driving the price. ETFs added 126,842 troy ounces of gold to their...

Everything good comes to its end sooner or later, and the higher one rises, the deeper one falls. These could very well apply to the current situation around PMs. Speaking of indications pointing to the situation being excessive, let’s take a look at the USD Index...

In our second MAMinar Ronni Stöferle and Egon von Greyerz meet to talk about current events in the global economy as well as gold.

When aggregate demand contracts, debts default, credit tightens, the velocity of money plunges, deflation ensues and capital, i.e. circulating credit and debt, is destroyed. In the extreme state of hyper-deflation, central bankers try to offset fatally accelerating...