Gold Editorials & Commentary

Gold’s value is relative. It doesn’t really matter how many digits it takes to express the price. Its true value lies in what those digits represent in terms of purchasing power. During the post-World War I hyperinflation in Germany, for example, a 20-mark gold coin...

For the first time since the March low, TRAN is displaying some clear short-term relative strength vis-à-vis the SPX. It remains well behind on an intermediate basis, but this short-term surge may have some interesting implications for the market trend if it...

Last week's trading saw the gold market forming its low in Monday's trading session, here doing so at the 1975.20 figure. From there, a sharp rally was seen into late-week, with the metal running all the way up to an early-Friday peak of 2089.20 - before giving way...

Question: What happened in the gold and silver markets this week? Answer: Ka-Boom!

Gold for the first time in history records a weekly close above 2000. 'Tis therefore fitting that we begin with this iconic passage (courtesy of Jonathon Cape, Gildrose Productions, and Ian Fleming Publications):

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

Our proprietary cycle indicator is down. Gold sector remains on long-term buy at the end of July. There is now a sharp divergence between gold and gold stocks.

Gold has recently been setting all time highs on a nominal basis and has broken the $2,000 an ounce barrier. It had been eight years since a new high had been set, and this is obviously an important event.

The US stock-market action last quarter was dumbfounding. Big US stocks rocketed higher despite this global pandemic ravaging the US economy, which collapsed by a third in annualized terms! That makes understanding their fundamentals more important than ever. The...

Measured in dollars, the current bull market for gold started in December 2015, since when the price in dollars has almost doubled. Other than the odd headline when gold exceeded its previous September 2011 high of $1920, only gold bugs seem to be excited. But in...

The idea that a rising gold price is good for gold miners is intuitively easy to grasp. But to understand just how good, you have to see the numbers.

For a long time, pundits talked excitedly about the rapid, V-shaped recovery. I never shared this view, finding it too optimistic and without basis in reality. Like Jeff Goldblum in Jurassic Park, I hate being right all the time, but it really seems that I was right...

The dramatic ascent of precious metals markets this summer reflects what could be just the start of a longer-term decline and fall in the Federal Reserve Note's value and status.

For years, gold investors watched as the Federal Reserve and central banks around the globe printed money at incredible rates.

Once dismissed by notorious investors like Warren Buffet as a “valueless” investment, gold has quickly moved to the forefront of conversation as it has become one of the best performing assets this year.

Today, social media platforms like, Facebook, Instagram, Twitter and TikTok are reinforcing our individualistic narcissistic society. No wonder that despite more than 4.5 million coronavirus cases in the United States and rising, the population and their leaders are...

“Gold has no role in portfolio of wealthy clients” said the chief investment officer of Goldman Sachs’ private wealth management in the week that gold in US dollars went up by over $100 and made a new high of $1,984. Many found this statement puzzling as another...

We've been writing about this for months, but with so many generalists still pushing the opinion that gold only moves as an inverse to the U.S. dollar, it's time to write about it again. s we often do, let's start with links to past articles on this topic so that...

A current headline says “fears of currency debasement drive gold price higher”. Seems reasonable; and it is. Historically, governments have been “debasing” their currencies for centuries. The debasement leads to a loss of purchasing power in the currency in use.

I see the potential for a spike high in gold this week. The days surrounding Friday's employment report are crucial. If the dollar bottoms around 92, that could trigger a multi-week correction in gold, potentially severe.

The main theme for gold and silver investors right now is what I call the “SHO” theme; space helmets on! Simply put, as I predicted several years ago, gold (and silver) are becoming accepted as a major asset class for wealth building.Institutional money managers are...

This bull market can be more positive than the previous one both for gold and the mining stocks. In the last edition of the Fundamental Gold Report, I analyzed various WGC’s reports on the gold market. Today, I will focus on the issues of Alchemist – the flagship...

Nothing lasts forever, and the brightest flame burns itself out the fastest. 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 Index.

The gold hype is impossible to miss as its steep rise brought it above the 2011 all-time highs. But is the picture seen in precious metals one of universal strength? That, and the USD Index prospects, is what we'll examine in today's article.

There is a now widespread universally held belief, especially amongst “dumb money” market participants, that the markets cannot drop because the Fed is going to keep creating money in ever greater quantities to throw at pumping them higher and higher.

SPX looks ready to complete the structure that it started building from 2965. Some time around the middle of the month would be a good time for completion before a retracement into the cycle lows.

Last week's trading once again saw gold forming its low in Monday's session, here doing so with the tag of the 1918.30 figure (December, 2020 contract). From there, strength was seen into late-week, with the metal pushing all the way up to a Friday peak of 2004.50...

I would like to thank a few of my teachers from long ago, who enticed me to learn about the Precious Metals Sector, and charting.  I found the old Gold-Eagle Forum at Gold-Eagle.com where Dr. Vronsky ran a tight ship.

The Dow Jones continues in an annoyingly tedious manner, where it refuses to go up or down as it hugs on to its BEV -10% line for dear life in the BEV chart below.  It’s been this way for over a month.  So we continue watching the Dow Jones’ BEV -5% and -15% lines,...