Gold Editorials & Commentary

Let's start with October's Consumer Price Index (CPI) as reported by the U.S. Bureau of Labor Statistics: its excitedly-disseminated reading was +0.9% (which annualized is a whopping +10.8%). "Oh, 'tis the worst in 30 years!", they say. "Oh, 'tis the worst in 40...

On Monday, the Dow Jones made its 50th BEV Zero in the Bear’s Eye View chart below for the past year. Then on Tuesday, the Dow Jones, along with the rest of the market began selling off, but remained well within scoring position. All this is to be expected following...

There have been many times in my sexagenarian journey through four and a half decades of inflationary, disinflationary, and deflationary cycles when the spinning plates above my head suspended upon poles of flawed data and errant central bank policy appear on the...

Gold sector is on long term SELL signal. Long term – on SELL signal. Short term – on BUY signals. Gold sector cycle is up. We are invested for the current up cycle.

The Fed continues to inject liquidity as inflation hits 30-year highs (likely a policy error). Consumer Sentiment fell to a 10-year low as inflation reaches 30-year highs. Precious metals and miners could be on the verge of a major breakout heading into 2022. 

The mounting global warming and the pandemic have contributed to full blown energy and food supply chain disruptions hitting households and manufacturers keeping prices buoyant. Demand for oil, coal and natural gas have skyrocketed as energy prices reached record...

“In physics (specifically, celestial mechanics), escape velocity is the minimum speed needed for a free, non-propelled (non-manipulated) object (asset) to escape from the gravitational influence of a massive body (resistance), thus reaching an infinite distance from...

Beijing, we have a problem! Evergrande, one of China’s largest real estate developers and biggest companies in the world, is struggling to meet the interest payments on its debts. As the company has more than $300 billion worth of liabilities, its recent liquidity...

The gold miners’ stocks are surging dramatically, despite the Fed starting to slow its epic money printing. Heavy gold-futures selling exhausted itself leading into this QE taper, paving the way for strong mean-reversion rebounds in gold and gold stocks. This sector...

An update of the gold stock bounce: As a TA, I respect charts first and foremost. On occasion that respect has burned me as I’ve missed big profit opportunity or not seen a disaster unfolding that the charts missed. But much more often it helps me profit or saves me...

With the possible exceptions of Bill Martin and Paul Volker, history will one day confirm that the Fed is precisely what Thomas Jefferson warned: A parasitical banker’s-bank that will do more damage within its host nation than a foreign army standing on its shores....

Gold prices have languished after spiking to new all-time highs in 2020. The Fed's transitory inflation story is dead, as inflation spikes to 30-year highs. Some estimate the Fed's favorite measure of inflation (PCE) could double from 3.5% to around 7.0% in 2022.

Gold and silver finally have some green colour to show instead of red on the pricing screens and has broken upwards out of the channel it has been in since mid-June and the highest it has been since the beginning of September.

I'm still a bit skeptical that the handle of the cup-and-handle formation is finished. Not just yet. Gold has to break the $1,920 area high, which gold could potentially do on this pretty powerful move.

Inflation rears its ugly head, surging at the fastest pace since 1990. The yellow metal has finally reacted as befits an inflation hedge: went up.

Since the start of the COVID-19 virus event, Gold has rallied more than +26% to reach highs near $2090 on August 7, 2020. Yet, over the past 15 months, Gold has been trailing downward in a sideways price pattern. This price rotation has set up a very broad Pennant/...

The recently released October statement of account of the Bank for International Settlements contains information suggesting a decrease of about 24 tonnes in the bank's gold swaps in August, from 438 tonnes to 414 tonnes. 

Gold continued to rally on Tuesday, as investors and metal traders priced in expectations that central banks will keep interest rates low until late 2022 at the earliest. At time of writing spot gold and gold futures were both changing hands at about USD$1,833/oz....

Gold is looking better than it has for a long time. As we will proceed to see the correction from its August 2020 highs looks to be complete with it shaping up for what should prove to be a massive 2nd impulse wave – and why shouldn’t it with inflation ramping up...

Gold finished solidly above the $1,800/oz level on Friday, marking the yellow metal’s best weekly close since late August. More importantly, gold may be breaking out of a larger consolidation pattern that has been in force since prices peaked in August of last year...

Prices move up and down, in the restless churn of our irredeemable monetary system. There are several schools of thought whose theories attempt to describe, if not predict, the next price move.

Is gold’s long-awaited surge to $3000 an ounce finally underway?  Are all the traffic lights green? Throughout the Western world (and China too), aging populations need a lot of medical care, and the only government and central bank “solution” is...

The October nonfarm payrolls came surprisingly strong. As the chart below shows, the US labor market added 531,000 jobs last month, much above the expectations (MarketWatch’s analysts forecasted 450,000 added jobs). So, it’s a nice change from the last two...

The best performing precious metal for the week was spot gold, up 1.96%. Nomad Royalty Company has entered a gold stream with respect to Orion’s 40% interest in Greenstone Gold Mines, which operates the Greenstone Gold Project located in Canada.

The facts of surreal yet broken (and hence increasingly controlled and desperate) financial markets are becoming harder to deny and ignore. Below, we look at the blunt evidence of control rather than the fork-tongued words of policy makers and ask a simple question...

Most investors and others who follow the gold market are aware that gold peaked in January 1980 at $850 oz. Gold is currently priced at $1772 oz., somewhat lower than its peak in August 2020 at $2060 oz.  In either case, the gold price has increased considerably...

So, I decided to read yet another article calling for a market crash. Needless to say, the body of the article offered nothing of true substance upon which I cared to comment, and I was saddened by the several minutes of time I wish I could have gotten back. That is...

While the greenback's failed breakout on Nov. 4th may seem bearish, it faced a similar situation in August and October, only to recover and achieve new highs. After the USD Index’s negative response to the ECB’s monetary policy meeting on Oct. 28, I warned on Oct....

Our proprietary cycle indicator is UP. Gold sector is on long term SELL signal. GLD is on short term buy signal. Speculation rising from lowest level in years.

..it will stop. (Herb Stein an economist on Reagan’s panel in the 1980s). Now why would anyone blessed with good intelligence consider it necessary to formulate a Law that is as pure common sense as one which states, “If you stop breathing, you will die.” It would...