Gold Editorials & Commentary

An article from Bloomberg was published 2 days ago which alleged that “New York Gold Traders Drown in Glut…”  The Comex is now reporting there’s 26 million ozs of gold in Comex vaults, 17 million of which is in the “eligible” account.  This is up from 9 million...

Throughout our history there are financial storms.  There are booms and busts with basic human greed and fear.  In this article we focus on the current storm situation, triggered by the global Convid-19 virus pandemic. Today the situation gets worsen by the...

Our proprietary cycle indicator is down. Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is down, a multi week correction is in progress.

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

During Great Recession, many people feared that the Quantitative Easing would trigger high inflation, or even hyoerinflation. As we know, it didn't happen. Why? Well, the main reason is that the Fed created money – that's true – but in the form of bank reserves.

For those that do not know, Carolyn Boroden (The Fibonacci Queen) has joined the analyst team at Elliottwavetrader.  So, she and I are endeavoring to present our combined perspectives to outline our general expectations over the coming weeks, as we begin this series...

M2 Velocity is the measurement of capital circulating within the economy.  The faster capital circulates within the economy, the more that capital is being deployed within the economy to create output and opportunities for economic growth.  When M2 Velocity...

From Investopedia: “Correlation is a statistic that measures the degree to which two variables move in relation to each other. Correlation measures association, but doesn’t show if x causes y or vice versa, or if the association is caused by a third–perhaps unseen–...

The key technical development of this week in the precious metals market is HUI’s invalidation of the breakout above the 2016 highs. It will be particularly interesting to see where it closes the week, as an invalidation in weekly closing terms will be a crystal-...

A lot happened over the last few days. Let’s start with the analysis of fresh economic data. First, the initial jobless claims came in at 2.4 million in the week from May 9 to May 16, as the chart below shows. While the number of Americans who applied for the...

Will gold be confiscated? Yes, of course, it could be. Desperate governments will take desperate actions. And as the world economy is now slumping into a hyperinflationary depression, unlimited money printing will cause currencies to collapse, leading to a surge in...

I’ve missed a few predictions along the way, but usually only in part. When I missed, it was because I took the bad too far. The bad has almost always happened exactly when I said it would but hasn’t always been as bad as I said it would be. Now, it has all arrived...

As I sit here on the shores of lovely Lake Scugog, its weed-infested waters lying in wait for countless unsuspecting propellers soon to be ensnared, I am reminded of the failed world of central banking and policy initiatives, which too has become ensnared in flora...

Technical analysis is based on the proven premise that history tends to rhyme and that ignoring it comes at your own peril. And historical patterns (similarities) have a place in the proverbial hall of fame – so, how is the 2008 to 2020 analogy standing currently?...

Last week, the FOMC has published minutes of its meeting from April 28-29. They show that the Fed reassessed the coronavirus economic implications since the previous meeting at which the central banks did not yet grasp the full gravity of the situation. This time,...

Normally the word late has a negative connotation. Not in this case. The historical fact that silver is lagging gold can be used as an edge for investors. Being late is great. Not needing to be first translates into less risk. gold being in a secular bull market...

“I think there is a strong likelihood we will need another bill.” That’s according to Treasury Secretary Steven Mnuchin, who supports additional fiscal stimulus to combat the economic impact of the novel coronavirus—within reason.

The best performing metal this week was platinum, up 5.65 percent, due to stronger retail buying. Gold and silver rose on Friday morning on safe haven buying. U.S.-China relations remain tense and China announced that it will impose new security laws on Hong Kong....

Gold drifts sideways in typical weak season trading, silver looks better, and the miners look awesome! It's clear that both upside and downside breakouts are failing, and the gold price continues to ooze sideways.

The price of gold dropped a few bucks this week, but the price of silver jumped about half a buck. The drumbeat for the gold bull market is well underway, and it is beginning now for silver. So let’s do a quick update on the supply and demand fundamentals.

When the economic crisis hits, the first instinct is to analyze the previous catastrophes to learn what to expect from and how to handle the current calamity. So, not surprisingly, many analysts have already pointed to the 2008 global financial crisis (GFC) as the...

This Memorial Day of 2020 will always be ingrained in our mind for the horrendous Convid-19 virus affecting the whole world. At the same time, we all come to honor those health workers and fighters who have given life in the Invisible War.

An “encroaching” cycle (52-day) made its low on 5/14 and altered the short-term index structure.  This will reduce the future impact of the 80-day cycle to a much less significant decline than it would have been otherwise.  Since the short-term top is not completely...

The gargantuan global debt bubble is now imploding at an astounding and terrifying rate, with the virus acting as a catalyst to speed up the process thanks to the lockdowns and the massive economic disruption that they are causing.

This article is for investors who already own a gold/silver mining stock and are considering adding more. Or, perhaps a savvy investor who is comfortable with risk tolerance and has a general understanding of the gold/silver mining sector.

With the action seen into last week, gold saw its high made in Monday's session, here doing so with the tag of the 1775.80 figure. From there, a sharp decline was seen into Thursday with the metal dropping all the way down to a low of 1715.30 - before bouncing off...

Oh say it ain't so, but is COVID already baked into the price of Gold? "Preposterous!" you say, as do we. Just look above right at the U.S. Dollar's debasement spree, the Gold line running a far distant second in trying to catch up to the tall green tree.

This week (circle below) the Dow Jones’ daily closes were within 1.30% of each other, as the 24,750 line of resistance held against the bulls’ second assault against it in a month. 

Our Adaptive Dynamic Learning (ADL) predictive modeling system has called some incredible moves over the past 24+ months.  It predicted the moves in Gold moving from $1340 to $1750 – including many of the trend changes that took place over the past 15+ months.  It...