Gold Editorials & Commentary

By raising interest rates, the Fed poured cold water on the red-hot markets and finally chilled investors' enthusiasm. What's next for asset prices?

Copper's long-term chart suggests that the global economy could have one last hurrah once the bear market begun in January has run its course. Copper is reputed to have a PhD in economics because of its supposed ability to predict major turns accurately,

The U.S. economy appears headed for a hard landing. After months of ignoring the steadily growing inflation problem, the Federal Reserve is now using monetary blunt force to try to rein in rising prices.

As they leverage the macro, what’s good for gold is even better for gold miners. After last week’s article, in which we noted a unique move on ‘CPI Friday’ as gold and the miners put in an expected test of the lows and quickly reversed upward, unique among a world...

There is no polite way of saying it; the Dow Jones, and the rest of the stock market’s major market indexes appear to be entering a new phase of deflation.  The week ended with the Dow Jones only 2.24% from breaking its BEV -20% line below. 

And specific to the Fed we begin by quoting the title of the 1966 Bob Hope film "Boy, Did I Get a Wrong Number!" For firmly put forth herein a week ago was that the Federal Open Market Committee would vote to raise their Bank's Funds rate by +50 basis points. "Wrong...

The most dangerous words in monetary policy and economics are “this time is different.” Argentine politicians’ big mistake is to believe that inflation is multicausal and that everything is solved with increasing doses of interventionism.

Gold sector is on long term BUY signal, suggesting that the correction since 2020 has been completed.

Now that interest rates are rising with much further to go, the global banking system faces a crisis on a scale like no other in history. Central banks loaded with financial securities acquired through QE face growing losses, and their balance sheet liabilities are...

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

The US dollar has skyrocketed in a monster rally this year, fueled by the Fed’s extreme hawkish pivot.  Panicking over raging inflation, top Fed officials are aggressively hiking rates and starting to reverse years of epic monetary excesses.  But resulting...

While inflation continues to wreak havoc, gold is reluctant to respond. Will it finally change and the price of the yellow metal rise?

If history is any guide, either a big or an enormous decline awaits gold stock prices. That’s very bearish for the precious metals market.

The explosion in retail demand for gold has made headlines, but retail investors aren’t the only ones steadily stockpiling the yellow metal.

Taking a look at the stock market. Kind of the same principles apply to stocks as they do gold and we're probably closer to a bottom than top.

Gold and gold stocks have been a disappointment over the last two years as they failed to perform amid rising inflation. With the Fed hiking rates, real yields rising, and the economy likely entering a recession, sentiment is the polar opposite of two years ago....

The FOMC's interest rate hike by 75 basis points to fight inflation became a fact. What do the Fed's hawkish actions and plans mean for the gold market?

Gold didn’t react to rising inflation in May as expected and sank. The reason is strengthened expectations of steeper interest rate hikes by the Fed.

With the S&P diving deeper into bear territory today, it solidly confirmed its status as a bear. While it entered the bear’s woods on Monday by closing at 21.8% down, it shoved its nose deeper into the dirt today like a rooting bear will do to affirm its new...

Gary Savage looks at gold and its expected volatility after the F1C meeting but that gold is doing what it typically does so far.

The rolling average 3-month rate of inflation in the United States has now reached 10.7%. This is an important number as it represents the first time that we have a full three months of inflation data - March, April, and May - that includes the economic impact of...

Money supply growth fell slightly in April, falling below March's eight-month high. Even with March's bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years.

Senator Elizabeth Warren and President Joe Biden claim that inflation is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under even more regulation...

A major inflation cycle has well-defined stages. To prosper, investors need to allocate capital to the dominant theme of each stage.

As predicted, gold stocks are gradually declining. Their situation is unlikely to improve - the Fed is already planning another interest rate hike.

Friday’s Consumer Price Index Report sent shockwaves through financial markets. The 8.6% annual reading was yet another new multi-decade high – dealing a body blow to analysts who believed inflation pressures had peaked.

Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes there are powerful forces operating towards lower prices once the...

Before I set out on my usual magna parabolum, I want to set the record straight in light of the magnitude and frequency of market commentary that would have us all believe that we are soon approaching a market bottom, all based on set after set of “Rules Based...

In the Extra Gold & Silver Trading Alert that I sent over the weekend, I explained why Friday’s upswing was most likely unsustainable. We didn’t have to wait long for the market to agree with me.

In this week’s Live from the Vault, financial advisor and former ‘Wall Street whiz kid’, Peter Grandich presents Andrew Maguire with his case for the impending collapse of the US dollar.