Gold Editorials & Commentary

Below, we look at four deliberately ignored reasons why extreme liquidity is drowning paper money. Reason 1: The Taper Debate May Not be a Debate at All

Home price growth in the US has accelerated even further, reaching a new record. The S&P/Case-Shiller U.S. National Home Price Index rose from 255.3 in May to 260.9 in June, boosting the annual percentage gain from 16.8% to 18.1%, as the chart below shows. That’...

You wouldn’t know that by listening to current commentary about inflation. Casual observers, economists, investors and analysts seem to agree that “higher inflation is being generated by abnormally huge amounts of government spending”.

Irrespective of whether “taper” is early or later, I will prefer to use the September crash (if any) in gold to invest for Diwali and Christmas. Normalization (maskless world) after the booster dose of the coronavirus vaccine will be the next big theme (after taper...

So what did Powell say? Perhaps more importantly, what did he not say? And what happens next? Let's discuss that today and begin to look ahead.

Today John Paulson is bullish on gold and bearish on cryptocurrencies, as he said during a recent "Bloomberg Wealth with David Rubenstein" interview.

Mega investors have been talking up the merits of gold ownership lately. For example, the billionaire hedge fund manager who executed the “greatest trade ever” in 2007 is now pounding the table about the opportunity in hard money.

The U.S. Labor Day is almost there, and thus the time for gold’s rally is running out. Tick-tock, tick-tock… and then the party stops.

Over the last couple of months, it has become clear from conversations with friends and partners from the gold industry that there is a marked increase in retail demand for physical gold from Swiss investors. The most interesting thing about this development is that...

Clients often ask when they should sell precious metals. We usually suggest one basic rule around the timing. After that, the decision to sell will depend upon whether your reasons for holding gold and silver have changed.

Why is Jay Powell so adamant that inflation is temporary? If the Fed acknowledges that higher inflation is ingrained, it must raise rates and kill its QE welfare programs for stock, bond, and real estate investors. That’s the last thing the Fed wants to do.

“As markets shake off their summer slumbers,” writes London-based analyst Bill Blain, “what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to...

The 2021 Jackson Hole Economic Symposium “Macroeconomic Policy in an Uneven Economy” is already a thing of the past. It was a stimulating conference with a few interesting presentations. But the key appearance for the financial markets was Powell’s speech. Let’s dig...

The best performing precious metal for the week was palladium, up 6.44%, despite hedge funds cutting their net long positioning to a 14-month low. Gold rose the most in two weeks, up 1.40% on Friday, as Federal Reserve Chairman Jerome Powell’s testimony signaled...

When the Fed entices grown-up kids with sweet words, they hit the candy store and stock up on gold, silver, and stocks. A sugar hangover follows.

Jackson Hole hubris was operating at full strength last week as investors around the world anxiously awaited the announcement on Friday that would send the markets into hyperdrive.

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...

Long-time readers of The Gold Update know we've hidden microphones in many a salient place, including those still installed at the Salzburg clinical offices of noted analyst in the psychosis of precious metals, Dr. Youara Nichtsogut, to whom Gold late yesterday (...

As it has been since last November, all this week the Dow Jones remained in scoring position; less than 5% from its last all-time high. We haven’t seen any new BEV Zeros in the BEV chart below since its last on August 16th. But I’d be surprised if the Dow Jones...

Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1778.00 figure. From there, a firm push higher was seen into later in the week, with the metal running up to a Friday peak of 1821.90 - also ending the day and week...

As the remaining days of the Summer of 2021 tick away, I have always looked at Labour Day weekend as the unofficial last day of summer because after the holiday Monday, it has been “Back to School” and that was a stark reality for twenty of the first twenty-five...

Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that high...

You can summarize the current mood in Washington DC as “Please don’t let this be a return to the 1970s.” For younger readers, that was a decade in which excessive government spending and money printing combined with inept foreign policy to create the impression that...

Our proprietary cycle indicator is DOWN. Gold sector is on long term SELL signal. Our ratio is on sell signal. Gold sector cycle is down.

Below, we ask a simple question: Is the war on COVID the needed pretext for even more centralized market “performance?” After all, who needs free markets when central bank liquidity determines price forces via endless COVID bailouts?

I want to thank my patrons for hanging in there with me while my writing has been less frequent than you deserve. I’ve been battling with COVID for the past two weeks while also in the middle of a house move, but I hope now to get more on track as I seem to have won...

The ‘but’ is the old saying “markets can remain [seemingly] irrational longer than you can remain solvent” if you fight a trend that is intact at any given point. Since March, 2020 that trend has been up.

The best gamer always emerges victorious from a duel, racking up his win streak. However, being this conspicuous – who doesn’t want to take him down?

It’s been 50 years since one of the most important events in contemporary – or, perhaps, all of – economic history. And, no, I don’t mean the foundation of the Nasdaq stock exchange nor the bankruptcy and nationalization of Rolls-Royce. Half a century ago, on August...

We saw a great meme on WallStreetSilver which sparked our essay idea for this week, the meme- The True Value of Gold and Silver compared how many ounces of silver it would take to purchase a corvette in 1950 compared to today – the answer was less!