Gold Editorials & Commentary

Yeah, I know everyone is so certain that inflation is what we will be battling for the foreseeable future. The main reason why many of you are so certain we are battling inflation is because you are seeing prices rise on food and other items for which you shop. But...

The declining medium-term outlook for gold, silver, and mining stocks will eat away at the honey pot of US dollar bears. Get ready for bee stings.

Gold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008,...

Bears had a rare chance to get short with impunity last week -- arguably the first such free-money opportunity since the bull market began more than 12 years ago. With the Evergrande saga unfolding in real time, shares appeared to be doing a Wile E. Coyote ahead of...

Approximately eight months ago, after I was shown some Christmas 2020 family photos that (unfortunately) included this humble opinionator, I decided that carrying a strong resemblance to Orson Welles at my age was not exactly a smart way to defy the insurance...

Last week Friday saw the London PM fix for gold back to $1755.95 from the PM fix at $1794.60 the week before and at $1823.70 two weeks ago. Silver was last fixed at a frightening new low London fix for 2021 of $23.01 and an even worse close in NY at $22.29 – bad...

Last week's action saw gold spiking higher into Tuesday's session, here running all the way up to a peak of 1810.60. From there, however, a sharp decline was seen into later in the week, with the metal dropping down to a Thursday low of 1745.50 - before bouncing...

As penned in last week's piece: "...Now we hesitate to say -- in near-term context only -- that 'tis 'Game Over' in just a wee sense for Gold..."

Writing market commentary for an unremarkable market is becoming tedious.  The Dow Jones began struggling to get above, and then staying above its 35K level since last May.  It closed today at 34,584, only 2.92% below its last all-time high of a month ago.

Gold sector is on long term SELL signal. Our ratio is on sell signal. Speculation in bear market values. Watching for a potential head & shoulder top. Big trend remains down.

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance...

Global debt is nearing $300 TRILLION dollars. While many may say that it hasn’t mattered so far it appears to me that we are nearing a point where all of the excesses of the past 50 years are about to be called in. This global number is up over $36 TRILLION in just...

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

Gold continues to struggle to make headway, bogged down by skittish gold-futures speculators. They are loath to buy in quantity, because they fear serious downside from expected Fed tightening. For that same reason they are quick to flee as a herd, unleashing...

So much money printed. Excessive debt. Even pandemic! And gold failed to hold gains. But that’s how markets work, no matter what gold permabulls say.

Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the ersatz of the gold standard that we still...

This year marked the 50th anniversary of President Nixon’s decision to unilaterally close the “gold window”. The impact of this move can hardly be overstated. It triggered a tectonic shift of momentous consequences and it changed not just the global economy and the...

We regularly take calls from Money Metals Exchange customers who have been taken for a ride by one of the many rare coin (or numismatic) salespeople who seem willing to say just about anything to earn their sales commissions.

Consumer inflation eased further in August. According to the latest BLS report on inflation, the CPI increased 0.3% last month after rising 0.5% in July. The core CPI, which excludes food and energy prices, also softened — it rose 0.1% after increasing 0.3% in the...

The medium-term outlook for precious metals is a bearish one, and as gold moves lower, the miners will move lower faster. Small price jumps don’t count. Let’s get this straight, we’re not day traders, and getting excited about an occasional bounce is much ado about...

​​​​​​​This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer than gold.”

With the Delta variant decelerating U.S. economic momentum, the chorus proclaiming ‘peak growth’ is growing louder by the day. And as the colder months approach and outdoor activities fail to stimulate consumer spending, economists have sounded the alarm on the U.S...

Investors are eager to see a significant rally in the price of the world’s greatest metal, which of course is… gold! Are these expectations realistic, given the overvalued stock market and the prospect of central bank tapering? The answer is yes.

The best performing precious metal was gold, even though it was down 2.2%. K92 Mining reported the latest assay results from its ongoing drilling program at the Kora deposit at the Kainantu Mine. These 32 diamond drill holes once again showcased the high-grade and...

Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of their asset...

Fed Chair Jerome Powell will soon announce the date for tapering its record-setting QE program, despite weakening jobs data.

For the very short-term, the downward phase of the 10 and 20-day cycles is deemed to be back in force with the recent action. In terms of time, the 10-day wave is 7 trading days along, with the larger 20-day component now 23 days along - with the overall combination...

Autumn is just around the corner, and while the precious metals tasted some success most recently, the medium-term is still set for a downtrend.

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 until major cycles take over, and it ends.  A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its...

The gold price began to struggle higher starting minutes after 10 a.m. China Standard Time on their Friday morning -- and that rally attempt was capped and turned lower minutes before 2 p.m.