Gold Editorials & Commentary

Unemployment continues to flounder along the bottom, in my opinion still carving out a low before an economic counter-cycle to come. But copious amounts of patience are required on this and many other financial/economic signals.

To prevent public debt from soaring in the wake of the global financial crisis in 2009, Germany has enshrined a “debt brake” in its constitution. The debt brake sets strict limits on federal public debt levels and restrains government borrowing.

David Skarica talks about his investment philosophy, Gold’s potential and maximum pessimism in the gold stocks and junior gold stocks.

When we last left you a week ago, (albeit given the website’s daily updating we never really leave), we were eying Gold as languishing on a weekly basis, but on a daily basis ’twas set for some bounce. 

The Dow Jones continues making new all-time highs / BEV Zeros; four more this week.  I’m not going to argue with success, the stock market is going up, or at least the Dow Jones is, as well as some of the other major-market indexes.

After a sluggish January for precious metals, gold and silver markets saw a rally during the first day of February trading, only to see it reverse here today on the 2nd day of the month, after a strong U.S. jobs report, to continue the lackluster performance we’ve...

Gold sector cycle is down. Trend is up for gold and gold stocks, and down for USD.

Where there’s fire, there’s smoke. And there is definitely smoke in the U.S. banking system. The mainstream consensus is that the Federal Reserve successfully raised interest rates, slayed the inflation monster, and did it without breaking anything in the economy....

In a compelling episode of "Commodity Culture" hosted by Jesse Day, Stefan Gleason, CEO of Money Metals Exchange and chairman of the Sound Money Defense League, provided an insightful overview of the initiatives aimed at reinstating gold and silver as constitutional...

Precious metals and miners toppled after huge gains in employment: January non-farm payrolls jumped 353,000 versus the expected 180,000. The Fed confirmed it was done hiking on Wednesday, but Powell pushed back on the potential for rate cuts. 

Gold price rallied this week, and this got many heads turning. Rightfully so? Let’s check the details and see what really happened. Having said that, let’s take a look at gold’s rally.

Gold powered higher this week right through a surprisingly-hawkish FOMC meeting, a bullish omen.  The FOMC statement had big changes arguing for higher rates for longer.  Then the Fed chair himself poured cold water on traders’ high expectations for an initial rate...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. 

SGS Key Charts, Signals, & Video Analysis

As FOMC rides into the sunset until March, the US Dollar index is left to fend for itself amid the hawkish (or at least not yet dovish) echos of Jerome Powell’s assertion that the market should not expect rate cuts in March. Well duh, we know that already, sir.

The Federal Reserve held its latest policy meeting yesterday, followed by another press conference from Fed chair Jerome Powell.

Murray Rothbard called Richard Cantillon the “father of modern economics.” While that title is often given to Adam Smith, Rothbard suggested that all the good things in Smith were first discovered by Cantillon or other pre-Smithian economists and that virtually all...

The Federal Reserve didn’t do anything at all at the January Federal Open Market Committee (FOMC) meeting. But Jerome Powell aggressively ran “open-mouth operations” trying to dampen market expectations for a rate cut at the March meeting.

Gold is money! Silver is money! Everything else is credit! J. P. Morgan famously said this in his testimony before Congress in 1912: “Gold is money. Everything else is credit.”

Last week, I started speaking of reported “real GDP” verses “real, real GDP” and of reported actual inflation v. “actual, actual inflation.” Today, Wolf Richter has begun to do the same thing with Biden’s Treasury reports of how much they will have to issue in new...

Fresh GDP numbers came in and it was a blowout. The kind of blowout that only a $2.7 trillion government deficit can buy while the private economy crumbles around it.

For the fourth time in the last 10 years, the stock market broke to a new all-time high after consolidating for a few years or crashing as it did during Covid.

How much would it cost to buy a pound of gold? It actually depends on what you mean by "pound." Yes. There is more than one kind of pound.

The best performing precious metal was platinum, up 1.56%. Both platinum and palladium were up this week despite hedge funds boosting their net short position to record highs on palladium and flipping to net short on platinum.

A global markets rebellion? Can it really happen, and how should citizens of the world prepare to handle it?

The difference between the perception of the stock market during October 2023, and today, is amazingly stark. At the time, almost everyone believed we were likely heading towards recession, and that the stock market was on its way down in a big way.

It appears more and more likely that the Federal Reserve is poised to completely abandon any pretense of fighting inflation, despite the fact CPI remains well above the 2 percent target.

After a scare with January’s Consumer Price Index (CPI) release, economists and market watchers are breathing a sigh of relief following the latest Personal Consumption Expenditures Price Index (PCEPI) data.

While most of the financial world is not thinking about it yet, we're in the midst of a change in the global monetary system. The safety of the US treasury as the reserve asset is being called into question, as central banks and a growing list of well-known...

Interest Payments on the Debt Hit $1 Trillion. As a percentage of federal income and federal spending, it is closing in on all-time highs.

The gold market has seen quite a bit of action in recent weeks. Initially, on Monday, December 4th, during early Asian trading, the anticipated breakthrough above the all-time high at USD 2,075 was finally achieved.