Gold Editorials & Commentary

What does it mean to say that one is “bullish” on gold? Or “bearish”? Or, more simply, what is a bull or a bear?

Before updating the status of the gold miner (HUI) correction, let’s take a quick review of the Macrocosm, because it’s always a good time to be clear on important macro considerations.

Gold investment demand remains strong, buoying the yellow metal and its miners’ stocks. Investors have continued actively diversifying into gold despite soaring stock markets and weaker summer seasonals. The Fed’s extreme money printing fueling these precarious...

The gold futures contract gained 1.11% on Thursday, as it slightly extended its short-term uptrend. The risk-on and gold has been selling off as a safe-haven asset recently. But Wednesday’s FOMC stsatement came out as a short-term game-changer. Stock prices reversed...

Yesterday, the Fed issued the statement from the FOMC meeting on June 9-10. The statement is little changed from the April edition. Nevertheless, there are two important differences. First, the members of the Committee have acknowledged the improvement in the...

Ever since gold passed the “Maginot” price line of 1350 in 2019, the case for a secular bull market in precious metals has only grown stronger. Egon reminds viewers that history is merely repeating itself. From 3rd century Rome or the John Law era of 1720 to today,...

The gold futures contract lost 0.07% on Wednesday following an intraday advance to $1,750 price level. Global markets went risk-on and gold has been selling off as a safe-haven asset recently. However, yesterday’s FOMC statement came out as a short-term game-changer...

There has been lots of discussion on rise of gold price as related to inflation or to deflation.  In this article, we will state our own firm belief based on our technical analysis both for near term and for long term.

The Financial sector is unique in that it is an essential component of global economics as well as local economic functions.  Consumers depend on banking services, credit, and all sorts of other financial services in their day-to-day lives.  The Financial sector is...

While not the only consideration in forecasting price, it's always important to note the current COMEX contract balance. As the FOMC meets again this week, let's look under the hood to see whether or not positions are at extremes versus recent history.

The bullion banks – at least on the Comex – have reduced their risk exposure to gold and silver derivatives over the last several months, which means reducing their short exposure. This is likely in response to the rising risk that they will be unable to meet...

Investors dumped paper gold and silver along with stocks, commodities, and most other asset classes in March. The price of silver dropped to $12.02/oz on March 18th and gold bottomed at $1,473/oz.

In mid-January, 2020, COMEX open interest (OI) set a new record of nearly 800,000 contracts. Swap dealers as usual supplied the market by going short 205,679 contracts on January 14, also a record. They probably expected to reduce their risk by purchasing physical...

Over the past 30+ days, our researchers have been warning our friends and followers to stay cautious and to consider the risks within this market trend.  Certainly, we've received some emails and contact from some people suggesting we missed this move over the past...

The US Dollar index is not a true measure of value of the US dollar. It just tracks an “exchange rate” between the US dollar and a basket of significant fiat currencies.

Gold often has a “bad hair day” on Tuesdays, but today (so far) the price action is decent. Is the sideways drift in the gold price coming to an end, or is there more churning ahead as the summer begins?

Rarely do you enter a market environment when the fear is as palpable as it was in the middle of March of this year. The world was coming to an end based upon most of what I was reading. And, as we were approaching the market lows (and even all throughout the 45%+...

The recent job report is not reliable, but it shows recovery in the US labor market. The situation is still bad, but optimism could triumph for now, which is bad for gold. 

The gold futures contract gained 1.31% on Monday, as it retraced some of its last week’s Friday’s decline following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week...

The Precious Metals sector is now set up for a correction that could be quite severe, which is evident on the charts, but also made more likely by the fundamentals where we see a return to “risk on” as a result of ongoing massive money injection by the Fed coupled...

The sad truth is that few people really know very much about gold, especially when it comes to investing in the metal. They don’t understand what makes it so valuable and unique, and they know even less what moves its price. Since I don’t want to spend an hour on...

In the first part of this research article, we attempted to highlight how the huge jobs number shocked the market into a big upside price move on Friday, June 5, 2020, and how the underlying data continues to suggest we have quite a bit of work to do before the US...

The Huge Non-Farm Payroll number released on Friday, June 5th, shocked the market.  A massive 2.5 million jobs were created in May 2020.  If you were paying attention to the data, you'll also understand that 1.87 million new jobless claims just last week.  In fact,...

The most recent U.S. jobs report, which I believes is bound for revision, has me musing on how economic policies are reflected—or distorted—in the precious metals markets.

The gold futures contract lost 2.57% on Friday following much better than expected U.S. monthly jobs data release. Global markets went risk-on and gold has sold off as a safe-haven asset. On Monday a week ago the price has reached slightly above $1,760 and Friday’s...

“To propose a return of inflation is to be inflammatory,” writes Lightman Investment Management’s Rob Burnett in an opinion piece for the Financial Times.  “Investors are committed to a deflationary thesis — and such is their fervor that many believe inflation...

Large precious metals speculators once again reduced their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Last week's trading saw gold forming its high in Monday's session, here doing so with the tag of the 1761.00 figure. From there, a sharp decline was seen into late-week, with the metal dropping all the way down to a Friday low of 1671.70 - before bouncing slightly...

Last Monday's mail bag brought with it the following question from an esteemed member of our Investors Roundtable with respect to Gold, especially given the recent leveraged strength amongst leading precious metals equities as we'd portrayed a week ago: "Mark, is...