Gold Editorials & Commentary

The balance of trade is an important barometer of a country’s economic health. A trade deficit occurs when the value of its imports exceeds the value of its exports, with imports and exports referring to both goods and services.

Our proprietary cycle indicator is now UP. Gold sector is on long term SELL signal. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term buy signal. GDXJ is on short term buy signal.

The battered gold stocks are bouncing hard, blasting higher over the past couple weeks! That’s despite the Fed still looking to soon start slowing the pace of its epic money printing. Fed-tightening fears had weighted heavily on the precious-metals realm since June...

The economic gurus and magic-chart advisors who told you inflation was going to be transitory or that it wouldn’t amount to much or even the dimmest of all who proclaimed it wasn’t happening at all could not have been proven more foolish and blind to the obvious all...

Insidious plans are afoot in Washington to give IRS officials another $80 billion for auditors and then unleash them on bank account holders. New, heavy-handed IRS and Federal Reserve controls along with other threats to financial privacy highlight the importance of...

Strong words, I know. Can I back them up? Well, what we see now – looking at various markets – does indeed look like the start of gold’s end.

The August CPI report makes it clear: inflation has already peaked. As the chart below shows, both the overall and core CPI have reached their fastest pace in June 2021. The former index surged 5.3% four months ago, while the latter soared 4.5%. Since then, we have...

Anyone that has bought a new or used car in the last year has faced higher prices and long wait times for delivery. This is all because of the very small but essential semiconductor, which is in short supply worldwide.

Inflation is surging and consumers’ inflation expectations are doing the same. The FOMC minutes show that the central bank finally accepted reality.

The September FOMC minutes were rather hawkish, but gold prices rose yesterday. Did higher inflation finally push the yellow metal up?

Most Asian currencies gained on Thursday after the U.S. dollar eased, with the Singaporean dollar hitting a three-week high after its central bank unexpectedly tightened its policy.

Gold miners are surging over persistently high inflation data. Perhaps investors are beginning to question the transitory inflation claims of the Fed. A sustained breakout in gold miners could signal a major bottom in precious metals, in our opinion.

If every time I stole a cookie from the jar in front of my mom (age 8), or drove dad’s car (sometimes into a tree) without permission (age 16), failed a dorm-room inspection (age 17), broke a lawnmower for driving over a fence post (each year) or forgot a key...

With inflation getting worse, has the Fed woken up? And with the USD looking bright, gold, silver, and mining stocks continue to feel the pinch.

Inflation-adjusted interest rates remain sharply negative, yet the COMEX gold price remains down on the year. On a historical basis, this is a very odd divergence, and it sets up an interesting trade as we move toward 2022.

The world is becoming more digital. In time, citizens will partake in blockchain-based games so powerful… that the human brain will believe the game is reality. That’s a disturbing thought, but there are more pleasant aspects to the digital world.

The old saying goes: in the case of gold and the dollar, the latter’s uprising is the former’s downsizing. Will we see this materializing once again?

Another disappointment from the economy! The September nonfarm payrolls came surprisingly weak. As the chart below shows, the US labor market added only 194,000 jobs last month, much below the expectations (analysts forecasted about half a million added jobs). The...

The best performing precious metal for the week was palladium, up 8.19% despite hedge funds taken their net-short position to record levels. Gold extended gains after a key U.S. jobs report fell well short of expectations in September, complicating a potential...

Poland’s central bank, the National Bank of Poland (NBP), which stunned gold markets back in 2019 when it purchased 100 tonnes of gold bars in London and then promptly flew the gold back to Warsaw, has just confirmed that it now plans to buy another 100 tonnes of...

“Gold going nowhere” seems to be a reasonable description of recent price action in the metals markets.

For those of you that don’t already know my position about the general market, allow me to state it once again: I do not believe that fundamentals of the economy or the market are the driver of the stock market. Rather, I believe that market sentiment is the main...

Note: in the first article in this series, Adrian Day discusses impending tapering by the Federal Reserve and its potential effect on U.S. markets. The second article discusses the macroeconomic environment in Europe, China, and emerging markets.

Investors are growing cautious as we approach the fourth quarter, and their trepidation is justified. Here’s a brief summary of the situation: there is a potential global financial crisis stemming from the Chinese property market meltdown, supply chain bottlenecks...

One often hears of a Chinese curse that states the cursed one should be destined to live in interesting times. This is intended to imply times of historical interest generally were not very idyllic for the people alive at that time. Many of whom did not survive to...

Part I of this article described how the Fed hides behind stable goods prices to disavow any responsibility for asset bubbles.  Part II, here, describes how the Fed hides behind ‘shortages’ and ‘supply chain disruptions’ to disavow any responsibility for higher...

Last week's action once again saw Gold forming its low in Wednesday's session, here doing so with the tag of the 1745.40 figure. From there, a sharp rally was seen into early-day Friday, with the metal running all the way up to a peak of 1782.40 - before selling...

Armored vehicle-enabled soldiers and the designers who build them understand that a main battle tank must balance three critical elements in order to "complete the mission."

As Congress finally came to an agreement yesterday to temporarily lift the debt ceiling, investors breathed a sigh of relief. The stock market bounced and commodity indexes ran up to new multi-year highs.

Yesterday's (Friday's) release of the stunningly weak StateSide September payrolls data momentarily towed Gold off the mat, (emphasis on "momentarily"). Here's how it looked, price pre-report at 1763 before swiftly climbing to 1782 -- a 13-day high -- only to give...