Gold Editorials & Commentary

Is everyone familiar with the bet between Julian Simon and Paul Ehrlich? Ehrlich wrote a book titled The Population Bomb. He held a pessimistic view of the future, in which population growth would outstrip resources (essentially the same as Thomas Malthus).

For as long as I can remember, I've stated that negative nominal and negative real interest rates are the key, primary driver for higher gold prices. And now we're seeing this play out in real time.

There are so many fallacies perpetuated and regurgitated throughout the market, yet there is so little time to appropriately address them all.

We are all used to the bullion banks covering their shorts on Comex by waiting until the speculators are over-bullish and vulnerable to mark-downs that trigger their stops. Algorithmic traders go from long to short in a heartbeat as well, and they dump contracts...

We just saw another gargantuan sign pointing to precious metals' very likely turnaround. And once again, most investors are either not aware of it, or are choosing to ignore it (gold can only go up, right?). The signal came from the Gold Miners Bullish Percent Index...

There is an increasingly good chance that the United States could end up following Europe and Japan, and that the Federal Reserve could use its vast powers of monetary creation to force a move to negative interest rates.

Ancient Rome had the denarius, which was diluted into hyperinflationary oblivion. America has the dollar, which is on track to suffer an equally disgusting fate.

These days opening the morning newspaper or switching on the evening news can be akin to an assault on mind and senses, as the media compete daily to see who will do the best job of ‘shocking and awing’ us. The sensual bombardment has risen to a new level upon the...

Last week, the FOMC has published minutes of its meeting from June 9-10. They show a few interesting things. First of all, although the Fed officials could be satisfied with their monetary policy stance, they want to communicate better to the markets their...

More new people may have made their first purchase of physical gold or silver in the past 4 months than in any four-month period in history. This sort of data isn’t reported and tracked. But if our experience as one of the nation’s largest precious metals dealers is...

One thing is very certain right now – we live in very interesting times.  As the world rushes head-first into the 21st Century, it appears one of the most pressing issues before all of us is to navigate the risks and opportunities that continue to stack up ahead of...

The best performing precious metal for the week was palladium, up 1.49 percent after falling for previous three weeks. Gold futures rose above $1,800 an ounce for the first time since 2012 on June 30 and ended the second quarter with its best in four years.

Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be particularly strong right before the precious metals market tops. And you know what’s the other thing that quite often happens at the tops, in addition to...

Precious metals markets kicked off trading for the third quarter by posting modest declines across the board. However, the technical bigger picture for gold and silver still looks strong after the metals recorded impressive gains in Q2.  Gold finished out the...

During less than 3 weeks the US daily new infections have doubled, from 27 000 to 57 000 on Thursday and 54 000 on Friday. So far the increasing trend shows few signs of wanting to reach a peak and reverse. 57 000 new infections on one day will place the US in...

Last week's trading saw gold holding firm into mid-week, with the metal pushing up to a high of 1807.70 - made in Wednesday's session. From there, a sharp decline was seen into Thursday's session, here dropping all the way down to a low of 1766.30 - before getting a...

Gold at long (unthinkably) last has taken The Northern Front (1750-1800), reaching the Big Round Number this past Tuesday (30 June) at precisely 07:52:16 Pacific Daylight Time, furthering the upward glide to as high as 1807 come Wednesday (01 July) ... before...

Our proprietary cycle indicator is up. Gold sector remains on long-term buy at the end of June. GLD is on short-term buy signal. Long-term – on major buy signal. Short-term – on buy signals.

I think it was March when I turned bullish on gold & silver. This was before COVID-19, so I had to factor in the impact from the pandemic since turning bullish. I was expecting this to be a good year for gold & silver even without the pandemic, but COVID-19...

Take a world that’s spinning out of control with debt, money creation and pretty much every other measure of financial danger flashing red.

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

The precious metals miners took a beating when COVID first reared its ugly head in the US in March. News of mine closures and restrictive measures throughout the mining supply chain, not to mention a disastrous fall in travel, had adversely affected mining...

What a difference in the gold and silver prices since yesterday, eh?  On the last day of trading in June, both gold and silver hit important technical levels.  Gold closed at $1,800, and silver closed at $18.64.  And, during early Asian trading, both metals were up...

Here is a joint statement from Lagarde and Powell at a secret G7 meeting with all Leaders and Finance Chiefs of the seven nations attending as well as the IMF and BIS:

Gold stocks have led the market for a year, and with economic deceleration and Fed policy response that leadership looks to continue [edit: today’s ‘in the bag’ bounce-back Jobs report does little to alter the economic deceleration theme]

Gold, silver, and their miners’ stocks suffer their weakest seasonals of the year in early summers.  With traders’ attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane.  Without outsized investment demand,...

In Wednesday’s analysis, we wrote that we didn’t trust gold’s breakout above the November 2011 high and that we thought that it will be invalidated shortly. We didn’t have to wait for long. Gold invalidated this breakout several hours after we posted the above.

What a crazy six months! Let’s look at the chart below. As you can see, over the first half of the year, gold gained more than 16 percent, rising from $1,515 at the end of December 2019 to $1,762 at the end of June 2020.

Initial jobless claims are declining painfully slowly. The disconnect between the choppy recovery and financial markets creates upward risk for gold.

The gold futures contract lost 1.14% on Wednesday after reaching new long-term high of $1,807.70. The market has retraced its Tuesday’s advance following intraday reversal and a breakdown below $1,800 mark. The recent economic data releases didn’t bring any new...