Gold Editorials & Commentary

Today, the European Central Bank expanded stimulus measures. ECB President Mario Draghi said the bank will buy 60 billion euros a month of assets through September 2016. According to Bloomberg, The Executive Board earlier proposed buying 50 billion euros ($58...

Gold started the new year on a happy note. It jumped up to a five month high…and it’s near a key moving average as some safe haven buying began. This rise spilled over to silver and gold shares. And all three are looking better.

As I have been saying for the last few weeks, I have a hard time viewing the bottom being in due to the terribly overlapping move off the lows with which we began. But, should it be a leading diagonal, then the count in grey is what I would be expecting. But,...

In our opinion no speculative positions are currently justified from the risk/reward perspective. Being on the long side of the precious metals market with half of the long-term investment capital seems justified from the risk/reward perspective.

Gold has been on an upward tear these last few sessions, suggesting that there is every possibility that a bull phase has begun for the monetary metal based on certain macro-economic factors. But does the current move portend a trend? Or is this just yet another one...

On January 15, 2015 the Swiss National Bank (SNB) suspended its 3-year old commitment to the Swiss franc-Euro peg, sending the Swiss franc’s volatility above the Ruble’s! Here is what happened to investors in the formerly “solid” Swiss markets:

The steep rally of the last week has made some in the chat room skittish, if not quite eager to jump off the train. However, I’d suggest hanging on for at least another day or two, since a rally of just 0.90 above the so-far high at 1297.50 would exceed August’s...

Is gold a safe haven? Mark O’Byrne, executive and research director at GoldCore, told CNBC yesterday that yes it is. He said that the Swiss National Bank’s recent decision was “icing on the cake” for gold and shows how gold thrives in a volatile environment.

And it may be happening much more quickly than anyone has realized. Things are definitely in motion. Call it a game of musical chairs, or an exercise in rearranging chairs on the Titanic, or just that a tilting balance of power. Just don’t make the mistake of...

Is European Central Bank (ECB) head Draghi’s determination to purchase government bonds turning Europe into a banana republic? What are the implications not only for the euro and U.S. dollar, but gold, stocks and bonds? Our analysis shows that conventional wisdom...

Near the beginning of every year, we update and publish what can safely be called our most popular piece: the Periodic Table of Commodities Returns. Below are the latest year-end results, which show the historical performance of commodities from best to worst.

If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal...

For 95% of the world’s population, the price of gold has already begun an explosive rally. “But gold is only $150 off the November lows” you say? Well yes, gold in terms of dollars is not yet up 20% from mid-November…but, in terms of yen, pounds, euros, (especially...

I have been in this business for close to forty years. I am in awe that the outlook for gold has never been more obvious while those with separate agendas continue to pursue a path to confuse and misdirect the public into believing that gold is not money and...

Oils recent drop below $50 has destroyed the 42 year standing ratio of gold to a barrel of oil, 15:1 which has been the norm since the 1972 gas rationing! Such news, one would surmise, might send gold below $800 and other commodities as well similar to coppers most...

Gold hit a price low of approximately $1,140 in early November 2014. Since then it has rallied dramatically, possibly because of global fears about the financial system, the Swiss National Bank removing its peg to the Euro, more QE, escalating war in the Ukraine, or...

While I predicted a huge rally in gold would usher in the new year of 2015 in a spectacular way, the top bank economists have failed again. Most of them predicted, “No rally for gold!” Their dire predictions in 2014 all failed to materialize, and this year they are...

To all those that are thinking that the bull-market in metals is back, I will remind you of former US President Ronald Reagan’s famous words: “Now there you go again.”

There are no two identical business cycles. Their courses depend on the many independent actions of market participants. Also, each time money flows and spreads out differently in the economy, affecting distinct prices in various ways. However, according to a...

During the previous year, the stock markets of the developed world consolidated whereas the majority of the developing nations performed poorly. In 2014, the European stock markets essentially traded sideways, Japan produced modest growth and unsurprisingly, Wall...

For several years there has been talk of a financial and economic “re-set” coming, this is no longer speculation as the reset has already begun! The Swiss have suppressed the price of their currency, the franc, since late 2011. They pegged the franc versus the euro...

Experts from the UBS financial company say that the Quantitative Easing is the measure that may be taken by the European Central Bank in order to increase the money supply. Consequently, an increase in gold prices is likely to be triggered by the possible...

While there are some signs that this rally might be the beginning of another major upleg in the precious metals market, it’s still more likely than not that it’s just a correction. Gold seems to be once again responding very positively to the signs from the bond...

Improving Macro Backdrop: In light of a shifting global macro backdrop that we can finally sink our teeth into with respect to a bullish orientation on the gold stock sector, I thought it might be a good idea to publicly post some bottom line thoughts from this...

The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of its gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve.

Nothing has been done to address the structural inadequacies and distortions that lead to the 2008 financial crisis – instead our leaders have resorted to the procrastination made possible by turning to drugs, specifically Quantitative Easing, which has enabled them...

In my analysis from 26th of November I wrote: "After a setback that should hold above the US$1,175.00 level the 200-MA (US$1,276.58) becomes the logical next target". We are there now! Unfortunately in my update from10th of December I recommended to move the stopp...

"We inflate our paper currency, we repair commerce with unlimited credit, and are presently visited with unlimited bankruptcy." - R.W. Emerson, The Young American, 1844. Joseph Goebbels was Germany’s Minister of Propaganda from 1933 to 1945. He once said that if you...

Up until now, the announced losses from the Swiss National Bank’s decision to let the franc go have not been enough to cause a great deal of angst and outright pain in the world’s principal trading houses. FT reports that Citigroup lost $150 million thus far,...

2015 could be the year for gold to shine. Having recorded its all-time high above $1920 an ounce in September 2011, the metal has been in decline now for nearly three and a half years and, consequently, its allure as a reliable hedge asset and store of value has...