Gold Editorials & Commentary

So much for "Gold's Near-Term Trend Turns Negative", the title of last week's missive, proving once again that price moves ahead of that which technical analysis later behooves. Below in the left-hand panel across Gold's last 21 trading days we see the grey diagonal...

The Dow Jones is on the rebound from its March 23rd BEV -37.5% bottom; the bottom of one, if not the steepest percentage decline in Dow Jones history.  So far its BEV 17.5% line in the BEV chart below has been the first line of resistance that has held during this...

It is my privilege now to interview our good friend, Greg Weldon, CEO and President of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and he even authored a book back in 2006 titled Gold...

Gold sector remains on long-term buy at the end of April. GLD is on short-term buy signal. Breakout this past week.

I was pacing around the house this lovely but cold Friday afternoon (after finally having the water supply restored after our well filed for unemployment benefits), trying desperately to think of a topic to write about in this weekly missive, when it suddenly...

So here we are, with the sector leading the recovery out of the March crash during still-deflationary times. Inflation? It is not yet anywhere to be found, and that probably has a lot of inflation-centric would-be gold boosters on the sidelines. Someday, when these...

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

The gold futures contact gained 1.43% on Thursday as it broke above the recent consolidation. Gold price has retraced more of its month-long decline from April’s high. On April 14 it was the highest since November of 2012 and the high was at $1,788.80. Since then we...

The recession that started in 1929 is called the Great Depression. The global financial crisis that originated in 2007 bears the name the Great Recession. The current coronavirus crisis can be called the Great Lockdown. Let’s take a look at the Great Lockdown and...

The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified....

Some are really simple and casual. Some are intense and intimate. Some blossom, while other deteriorate over time. Some make one a better person, and some drag one straight to hell.

President Reagan memorably said that the nine words you don’t want to hear are “I’m from the government and I’m here to help.” Governments in all the major jurisdictions are now making good on that unwanted promise and are taking responsibility for everything from...

Foodflation is registering at the checkout lines of your local grocery store – and in a bigger way than has been seen in decades. On Tuesday, the U.S. Labor Department reported that grocery prices paid by consumers surged 2.6% in April. That’s the largest one-month...

Powell gave a much-awaited speech yesterday, in which he sent one bearish and two bullish messages for gold. What exactly did he say and what does it mean for the yellow metal?

Our researchers believe the US stock market has potentially ended the “relief rally” phase where the US Fed stimulus pushed prices off the recent lows and upward towards key Fibonacci retracement levels and will soon engage in a new price exploration phase.  We...

As the Nasdaq makes a new high for the year, the world outside the stock market timebomb is falling apart. For example the UN agency, The International Labour Organisation (ILO) reports that 1.6 billion jobs are at risk in the global economy. That is half of the...

The precious metals market did almost nothing yesterday, and consequently we have relatively little to comment on today. There are two subtly bearish signs that we would like to feature, nonetheless.

The gold futures contrac gained 0.52% on Tuesday as it continued to fluctuate within a short-term consolidation. The market remains close to the price level of $1,700. Gold is still trading within a flat correction after its April’s advance. On April 14 it was the...

“There is always going to be those who have a vested interest in it not going past the all time high for as long as they can attempt to manage that”

April job report shows a terrible US labor market. Coronavirus destroyed 20.5 million jobs, pushing the unemployment rate to almost 15 percent. How far does the number reflect reality – and what does it actually mean for the gold market?

The massive global debt driven “Everything Bubble” is bursting due to the pandemic and more specifically the governments draconian economic lockdowns

It’s the soft demand season for gold (April-Sept), and that means upside and downside breakouts can become “wet noodle” affairs. Bulls and bears who aren’t prepared for this type of sideways price action may get frustrated.

I think there has been more hair torn out in frustration during this rally off the 2200SPX region lows than at almost any other time in market history. The frustration in trying to understand this market is ubiquitous.

It is inevitable that there will be a monetary reset in the not too distant future to rein in the unlimited fiat currency printing by all major countries.  It is clear that gold will play as an important anchor in the reset.  There are several proposals for the...

A month is all it took to wipe out a decade of jobs growth. U.S. employers cut an unprecedented 20.5 million jobs in April, the most in history, while the unemployment rate rocketed up to 14.7 percent. As of last week, a head-spinning 33.5 million Americans, or one...

The universe being as rich as it is, neither the world, nor the precious metals market ends with gold. In today’s article, we’ll look at palladium’s strength, platinum performance, and listen to the message of the gold-to-silver ratio. Of course, the point is to...

The stock market continues to price in a V-shaped recovery, which I find unlikely. More and more companies are filing for bankruptcy weekly, and that trend appears to be accelerating. The devastation to the economy could take one to two years to fully realize. 

The deflation and depression is right here, right now, and if you don’t believe that, try asking some of the 30 million people who just lost their jobs in the US or those who (used to) work in the catering and tourism industries.

What it cannot do is cure the virus.  What it could do, however, according to a good many analysts, is act as an effective hedge against its economic consequences. Since the beginning of the year through April, the metal was up 11.73% during probably the worst...

SPX: Long-term trend – We are in an official bear market

Intermediate trend – re-testing April high