Gold Editorials & Commentary

On the off chance that you missed yesterday's (Friday's) Prescient Commentary, here is its opening sentence: "Front month (Dec) Gold has topped 2000 for the 1st time ever, price at present 1993", Gold settling out the week at 1994, but not before having made another...

Our proprietary cycle indicator is now down. Gold sector remains on long-term buy at the end of July. 

Before I begin this weekly missive (which is being penned on a Wednesday due to my impending cruise to the northern habitats of Georgian Bay), I need to present one quote that for me summarizes everything there is to know about risk management in the capital markets...

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

As July comes to a close, the gold price is up better than 9% for the month and has advanced nearly 30% for the year.

Our hard working miner here (we’ll call him Huey) has been pushing his cart of rocks, first gently downhill from 2016 to 2018 and then uphill to a bull market since May 2019.

The gold miners’ stocks have rocketed higher this summer, smashing out of their usual summer-doldrums sideways grind. That atypical strength has been driven by gold steadily marching to major new secular highs, fueled by strong investment demand. This has carried...

The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting net cross-border...

Yesterday’s session was indeed volatile around the FOMC, just like warned in our gold timing alerts,  and gold even moved to its previous high, likely forming a double-top pattern. Even though gold moved higher on an intraday basis, it didn’t invalidate its previous...

No matter what shape the recovery is, the epidemic will likely have lasting, positive effects on the gold market. During the most acute phase of the pandemic and the following economic crisis, there was no time to analyze various WGC’s reports on the gold market....

It is said that a picture is worth 1000 words, and thus two pictures are worth 2000 words. The entire financial system is fracturing and imploding, no exaggeration. The entire monetary system is being undermined in a true Weimar sense, in reality.

The following is an update of Is Gold Price Action Warning Of Imminent Monetary Collapse? During the 2008 financial crisis the Fed significantly increased the US monetary base to keep the system from collapse. They are currently in a similar situation, and have done...

The global financial system has for half a century undergone an act of contortion that few believed was possible. This has led to a warped system with fake money and false markets.

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months. By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver...

The U.S. Mint made an unusual request last week. In a press releasedated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them.

According to MMT (Modern Monetary Theory), there are "four essential requirements that qualify a national currency as sovereign".

Gold has arrived at significant resistance in the $1900-$2000 zone. Investors need a solid plan of action to deal with the intense volatility that is currently enveloping the market.

Gold has jumped above $1,850 amid expectations of new stimulus, worries about the pace of economic recovery, and concerns about rising tensions between the U.S. and China. Houston, we have a problem! Please take a look at the chart below that presents the U.S....

Our research team continues to attempt to navigate the difficult market dynamics ahead as traders’ concerns related to continued global economic functions persist.  We believe the US stock market has rallied well beyond sustainable levels and the recent move in the...

For many years, I have noted to the members of Elliottwavetrader that I have not been a fan of banks. In fact, they are on my list of stocks that I intend on shorting once we move towards the 2023 time frame.

As shown in the graph below, the first half of 2020 produced an unusual change in the relationship between gold prices, stock prices and recessions, something that has only happened twice before in the last fifty years. Each of the two previous times this has...

The gold price just rocketed through $1,900, marking the highest level since the record high peak in late 2011. This move should not come as a surprise to anyone paying attention to the current financial landscape.

During the bull market years between 2000 and 2011 the US dollar and currencies played a key role in the PM complex bull market. Tonight I would like to go back and visit some of these old charts and see how they pertain to our current bull market.

Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1806.50 figure. From there, a straight shot higher was seen into late- week, with the metal running all the way up to a Friday peak of 1904.60 - also ending the week...

The price of Gold has returned to glory: yesterday (Friday 24 July 2020) at precisely 06:04 Pacific Daylight Time (13:04 GMT), Gold traded above 1900 for the first time since 06 September 2011, and moreover settled at a new All-Time Closing High of 1900.3, eclipsing...

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

Our proprietary cycle indicator is up, at 100%. Gold sector remains on long-term buy at the end of June. GLD is on short-term buy signal. Gold sector cycle is up, at a multi-year high. We are holding long and short-term positions.

As the Fed and central banks continue to prop up the global economy with massive monetary stimulus, investors are just beginning to move into the precious metals to protect wealth.  In the first seven months of the year, investors have already purchased three times...

Gold prices have had a nice run after bottoming at $1450 in March. However, gold is coming into major resistance (around $1900), and multi-week correction is becoming likely. A decline back towards $1550 in the coming weeks could be one of the last great buying...

Both gold and silver surged dramatically higher this past week, propelled by torrents of investment capital deluging in.  The resulting major new highs are really exciting, unleashing widespread fear-of-missing-out buying.  But the precious metals’ blistering jumps...