Gold Editorials & Commentary

The 4540 projection which had been in effect since the March 2020 low has now been reached but appears to have been only an intermediate target.  Higher levels should now be reached before an important top is struck.

Last week's action saw gold forming its low for the week with Wednesday's fed day, with the metal dropping all the way down to a bottom of 1758.50. From there, a firm push higher was seen into late-week, here running all the way up to a Friday peak of 1820.10 -...

The gold price didn't do much until around 9 a.m. China Standard Time on their Friday morning -- and from that point it began to head a bit higher. That lasted until around 8:25 a.m. in London -- and it was then sold quietly lower until its spike low tick was set...

Gold, after 18 weeks of being stuck in a maniacal Short trend without price really going anywhere, FINALLY broke the bonds of the M word crowd by flipping to Long -- but not without a mid-week scare: more later on that affair.

This week there was plenty to comment on in the stock market, such as the Dow Jones closing at a BEV Zero (new all-time high) for four of five days.  Nothing wrong with that, as long as one keeps one’s market analysis at a superficial level. 

While I hold a special place (in my thoughts and in NFTRH) for the gold stock sector due to its counter-cyclical nature, it’s a big market out there and a strategic view of the macro helps with successful positioning. Following is a snapshot of some sectors/markets...

While the Fed announced the start of its long-threatened taper program, the actual policy statement says “The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals...

Another quarterly earnings season is upon us, led by the biggest US stocks. These massive American companies dominate virtually all portfolios, so how they are actually faring fundamentally is important. Do big US stocks’ underlying corporate earnings justify their...

Inflation is not merely transitory, and that’s a fact. Why then isn’t gold rallying? Isn’t it an inflation-hedge? Well, it is - but gold is a lazy employee. It shows up at work only when inflation is high and accelerating; otherwise, it refuses to get its golden...

Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. In the last 100 days, gold has moved sideways in the US$100 range between $1725 and $1825. 

When will precious metals markets finally make their move? It’s a question that has frustrated many investors in 2021. Gold and silver prices have remained stubbornly rangebound for the past several months.

Gold market is not an easy market to make money in. Up a little, down a little. Almost impossible to make sustainable gains right now. Virtually impossible to time the tops and bottoms during this churning stage.

Gold glittered during the 1970s stagflation, but it also closely tracked the index more recently during the 2008 credit crisis and the 2020 pandemic-driven breakdown. Curiously, though, it has lagged the surge in the Misery Index over the past year and a half.

The Fed has announced tapering of its quantitative easing! Preparing for the worst, gold declined even before the release - will it get to its feet?

I am asking myself have I lost a short term investment opportunity in gold and silver yesterday? FOMC meet did not have any surprises. Taper was done. Money supply by the Federal Reserve will still increase every month. Various asset classes will continue to see...

Picture, if you can, a world in which gold circulates as the medium of exchange. People pay for everything, from groceries to rent, in gold. Employers pay wages in gold. Productive enterprises borrow gold to finance everything from food production to constructing...

Don’t listen to what CENTRAL BANKERS say, but just observe the disasters they create! One current Central Bank head and two former ones have recently spoken words that make no sense.

Let’s face it, the metals are not having an easy time breaking out. Short-term rallies end up going nowhere and bearish signs are still in abundance.

By now, it's a fait accompli that the FOMC will announce a QE taper schedule on Wednesday at the conclusion of its November meeting. How the COMEX precious metals react to this news will likely set the course for the remainder of 2021.

After sitting on the sidelines for much of last year, central bank appetite for gold has resumed, in part due to inflationary pressures globally along with disruptions in the energy market.

Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, as the Fall of Rome clearly demonstrates, the implications of the introduction of the...

What a beautiful day that was! Well, the weather varied in different places of the planet, so I don’t mean that literally. What I mean is that Mr. Market was generous and provided us with a major confirmation exactly when it was needed.

The yellow metal couldn’t face the downward pressure and declined abruptly on Friday. What happened, and why did it fail?

All eyes are now on the Federal Reserve meeting this Wednesday at 2 pm eastern time. Why is the pending meeting so important? Because the Fed is expected to announce the tapering of its $120 billion per month bond-buying program, which began at the onset of the...

The fundamentals supporting a monster move in gold and silver have never been stronger. This includes extraordinarily negative real interest rates, Government debt outstanding that seems to be increasing at an increasing rate, the continued devaluation of fiat...

The best performing precious metal for the week was gold, but still off 0.52%. Gold remained range bound as traders weighed concerns over the world’s economic recovery, which is supporting demand for haven assets, against prospects of tighter monetary policy. The...

Although precious metals are still relatively under-owned and unloved, retail investors have been pouring into the metals markets since early last year.

This was quite an interesting week we just completed. Let’s start with a headline pointed out to me by one of the commenters to last week’s article (StevenK1):

s a new month begins, the downtrend in the GDX and GDXJ should resume. When will a new buying opportunity finally present itself?

…any newsletter author who is inherently optimistic about the future of gold and silver. Disappointment is the name of the game. It is not a matter of mere days or weeks; not months, or ‘gasp!’ even years of consistent disappointment. More than two decades have...