Gold Editorials & Commentary

In October 1998, the Federal Reserve and the Treasury Department took extraordinary actions as a result of Long-Term Capital Management's (LTCM) collapse; a collapse driven by highly leveraged derivative securities. 

For informed investors who have successfully traversed the tired Bitcoin vs. Gold debate and recognized the critical importance of owning physical (as opposed to paper/ETF) gold as an obvious antidote to globally debased currencies and openly systemic financial and...

Rick's Picks subscribers ended the week transfixed by a powerful rally in the E-Mini S&Ps whose inevitable destination was 4362.25. Why inevitable? Mainly because a chat-room ace whose trading system has been getting the big swings exactly right lately had said...

Gold has formed and nearly completed a Massive Cup and Handle Bullish pattern that started at its September 2011 peak and has continued through now, July 11th, 2021. This ten-year pattern is nearly complete. This pattern has a minimum projected upside price target...

Analyzing the trend from the March low, DJIA has steadily decelerated in the past few weeks and made a high two months ago which it has not been able to surpass; but, although it has broken its long-term trend line, it has not yet been able to generate a downtrend....

Last week's trading saw gold forming its low into Monday/Tuesday, here doing so at the 1784.70 figure. From there, strength was seen into later in the week, with the metal running up to a Thursday high of 1819.50 - before consolidating the action into Friday. For...

This week I thought I’d start off covering my Bear’s Eye View (BEV) charting technique with a little more detail than I usually do for the benefit of my new readers.  For my regular readers, an occasional refreshment on this technique is good too.

Let's begin with this from the "History Repeats Itself Dept." by having a look at the above Gold Scoreboard. See what we're seein'? (Hint: 'tis in the Gold Weekly panel...)

As large swaths of the world gather to follow the best names in “round-ball” football, we’ve gathered three of the best names in the global financial and precious metal playing field to discuss critical themes like inflation and pendulum swings in the broader...

Summary: Long term – on major SELL signal. Short term – on mixed signals. Gold sector cycle is down. $$$ We closed out all of our positions with good profits.

The United States is currently experiencing the highest rates of price inflation that it has seen in 13 years. Some market commentators believe that we face a future of fast rising rates of inflation. Others believe that the inflation will be transitory, and will be...

At the end of June, the Basel III accord became binding for European banks. This new set of rules could have an effect on the entire gold market.

The gold miners’ stocks have been grinding sideways for several weeks, after getting whacked by mid-June’s hawkish Fed surprise.  While this low drift has really stoked bearish sentiment, the gold stocks are winding up like a coiled spring.  Their strong technicals...

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

China and the USA regard each other as enemies - we read hostile remarks on the part of the USA, regarding China. And China rattles its weapons. 

Basel Three is not what most analysts believe it to be. Over time it may remove the fraudulent paper derivative and unallocated “gold” mechanisms in NYC and London. But for what purpose? Cui bono? Chris Marcus hosted myself, Rob Kientz and Chris Marchese last week...

Despite gold’s recent rally, the gold miners barely moved or even declined. The downward pressure must have taken root in the miners – will it hold?

Gold and gold stocks remain in the larger correction that began almost 12 months ago. However, both became quite oversold, and a short-term low is now in place. Gold bottomed just below good support at $1755. It hit a low at $1750, with its net speculative position...

Longtime precious metals observers know that positions in COMEX gold always ebb and flow with price and position extremes often mark price highs and lows. This "washing" of the Commitment of Traders report is something we should discuss this week.

Was Richard Nixon a real gold friend who understood the futility of tying a weakening dollar to gold, which is the only currency that has survived in history? So was Nixon actually the instigator of the movement to FreeGold?

It’s been an intense few weeks for precious metals investors, with gold and silver suffering setbacks and somewhat increased volatility. This has caused some observers and mainstream analysts to jump to gloomy conclusions and proclaim that gold’s bull run is over....

The best performing precious metal for the week was palladium, up 5.67% on strong industrial demand and ongoing supply disruptions. TD Securities wrote that it expects palladium to be a positive catalyst for platinum group metals (PGMs) continuing into 2022.

Should American Independence Day be renamed Fiat Dependence Day? The United States is no longer united. Arguably, the only unifying force that remains amongst races and political parties… is worship of the fiat money voodoo doll.

Are the US stock markets poised for a reversion price event in the near future? My research team and I believe $4400 on the S&P 500 may be a key psychological level that many traders are unaware of in the immediate term. 

One glance at this chart should silence any talk of “a return to normalcy”. We are emphatically not headed in a normal direction.

I write this weekly missive on the evening of the day in which Americans celebrate their independence from British Colonial Rule, an event which happened in 1776, but was quickly mimicked by most other British colonies, the most notable being Canada in 1867 (after...

In a recent article gold analyst “Plunger” made the case that gold is in a cyclical bear market. In cycle terms he’s saying the 8 year cycle has topped. I’m going to agree with him that gold is stuck in a pattern of lower lows and lower highs.

Happy Independence Day to all readers! Mark Twain is often quoted to have said quite famously, “You get lies, damned lies and statistics”, or words to that effect. Now Mark was not an economist or a statistician, so the veracity of his statement is questionable –...

I was premature when I gave the green light to gold bulls five weeks ago.  "If you’re a bullion investor," I wrote at the time, "you can buy the stuff now without fear or qualm." Had you taken this advice, you'd have gotten aboard just in time to get smashed in the...

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 before 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...