Gold Editorials & Commentary

This week closed with the Dow Jones sitting on a new BEV Zero (new all-time high of 35,208), #37 since last November.  I have nothing to say except Go Bulls Go!  What else is there to say?  Yes, the market’s valuations are being inflated by the FOMC, but who really...

Adoring Wednesday's ADP report of suddenly slower growth for July's jobs, Gold's price in turn zoomed up from Tuesday's 1810 low to 1835. Abhorring Friday's Bureau of Labor Statistics report of fervently faster growth for July's jobs, Gold's price in turn careened...

Our proprietary cycle indicator is DOWN but bottoming. Gold sector is on long term SELL signal. A potential cup with handle is now in progress. A strong dollar is not friendly to the metals.

The US stock markets continue to power ever higher to an endless series of new records. Leading the way are the big US stocks, with extraordinary gains fueled by the Fed’s radically-unprecedented money printing. The winding-down Q2’21 earnings season illuminates how...

The Fed acknowledged the economy’s progress, but it’s still not “substantial progress.” In short, Powell merely slowed the hand of the tapering clock.

Something interesting is happening in the financial markets. As you probably know, the Fed’s reverse repurchase operations have been increasing recently. At the very end of June, their volume almost reached one trillion dollars ($991.9 billion)! It’s a record high,...

The recently released June statement of account of the Bank for International Settlements -- -- contains information that suggests a decrease of about 46 tonnes in the bank’s gold swaps to 471 tonnes. This compares to the record high estimated at 552 tonnes as of...

The past week has been a story of stagflation infecting the US economy while the stock market grimaces as Fed officials express the need to start a gradual pullout from economic stimulus much sooner or face a rapid pull-out a little later. Word on the Street has...

What happens when the debt comes due? It’s a question millions of Americans are grappling with in their personal finances. It’s also a multi-trillion dollar question facing officials in Washington, D.C.

This year has been shaping up to be a strong one for central bank gold buying. This is despite the official absence from the buy side of central bank gold powerhouses such as Russia and China.

Metals and miners have a predictable seasonal tendency to decline in mid to late June and make a secondary – often slightly higher low – in the late July to mid-August period.

It's been a whole year since gold hit its all-time high near $2,060. Since then, the precious metal has been in a correction phase that has seen it, along with gold miners, remain range-bound.

When the market wants to move down and gets short-term bullish signals, it often ignores them or reacts weakly – and that’s exactly what gold is doing.

The beginning of the end of the current monetary system started exactly 50 years ago. In the next few years the world will experience the end of the end of another failed experiment of unlimited debt creation and fake fiat money.

While Olympic athletes in Tokyo are going for the gold, investors are going for anything that might provide positive real returns.

This week, US household debt jumped by the most in 14 years to a new all-time record. The last time it did something like this was in 2007, just as the housing mania was cresting and the Great Recession was looming.

Amateur investors tend to focus on predicting what’s next for their current situation. In contrast, professionals prepare for a future that is mostly unknown.

One thing that seems to be certain in the markets right now is the past hyper-bullish trending which appears to have weakened since early 2021. As a result, the longer-term Custom Indexes we use to help gauge and understand market trends are showing a very clear...

It looks like the USDX tripped a bit during the hike, but we shouldn’t worry – history shows that the USD can reach the highest peaks in the summer. Let’s start with the charts. What’s going on with the USD Index?

Metals are volatile over renewed fears of new variants of covid. Some traders are sitting on cash or exiting quickly on their trades on the uncertain economic impact of covid.

The latest WGC reports show that institutional allocation to gold will increase. What if there is more to it than just “higher demand, higher price”?

If you're worried that interest rates are about to explode because of inflation, the graph above would seem to offer comfort. From a visual standpoint, the gentle rollover that has occurred over the last several months has sapped the vigor from a menacing spike that...

When we saw the following comment from a prominent otherwise free marketer, we knew it was time to write this article. “…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very loose...

As we came into 2021, I outlined to those willing to listen that I expected at least a 20% continuation rally in the SPX, and I would prefer for us to strike at least the 4600SPX region this year. And, at the time, the SPX was in the 3750SPX region.

Silver and gold have been under intense attack in the paper silver/gold derivative markets (Comex, OTC derivatives) and the London unallocated phony physical bullion market since August 2020.

“Despite everything that could be imagined, said, written, done, as huge events happened, it is a fact that there is still today no currency that can compare, either by a direct or an indirect relationship, real or imagined, with gold” Charles DeGaulle (1965)

Powell’s recent dovish remarks started a sugar high among investors. However, it seems like the hangover has already begun.

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...

For the most part, my life has been simple and cloistered. Being a loner of course had consequences. My outlook on life was naive; I tended to accept life in general and people in particular at face value. When I read about the Illuminati and their ilk, my...

Last week's trading saw Gold (August, 2021 contract) holding weaker into Wednesday's session, with the metal dropping down to a low of 1790.70. From there, however, a sharp rally was seen into late-day Thursday, here running all the way back up to a peak of 1832.10...