Gold Editorials & Commentary

What if it’s not a new bull market for gold? What if gold prices are going lower – not higher? Think it can’t happen? Think again.

Gold has edged higher to reach three week highs at $1,535/oz today after Trump took a hard-line stance on China and Iran during his U.N. speech.

Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times – and also commit to do more. Will such a crack in the proverbial dam let gold’s allure shine?

SPDR fund (GLD-NYSE) gold tonnage roared above 900 tons yesterday, and now sits at about 908. That’s solid action, and I’ll dare to suggest there’s more coming!

Long-term trends take a long time to reverse.  One such trend compares gold mining stocks to the S&P500 stocks.  From 2002 until 2011 gold mining stocks outperformed generic stocks, as can be seen in the following chart.  (Charts courtesy Stockcharts.com). 

This year marked the 30th anniversary of the Denver Gold Forum (DGF), the world’s most prestigious precious metal equities investment conference. The invitation-only event, held last week, was attended by an incredible seven-eighths of the world’s publicly traded...

JPMorgan Chase and other bullion banks spent most of a decade screwing clients and investors who were naive enough to expect a fair shake in the precious metals futures markets. It was a solid racket.

Crude oil is the energy commodity that powers the world. Over half of the world’s petroleum reserves are in the Middle East, which is the most turbulent political region on the face of the earth. Meanwhile, the United States is the leading consumer of crude oil. 

One of the most common reasons to buy gold is to use it as a stable store of value. This analysis uses 50 years of history to test that common belief, and finds it woefully lacking - for it misses the best parts of investing in gold.

Something happened in the credit market this week. A Barron’s article about it began: “There have been disruptions in the plumbing of U.S. markets this week. While the process of fixing them was bumpy, it was more of a technical mishap than a cause for investor...

One of the best indicators for gold outside of the precious metals market is the USD Index (and we discussed it in our previous article), but it doesn’t mean that it’s the only one there is. Other ways to look at the gold market include analyzing the markets that...

Last week, the market action came just short of confirming an important top in SPX.  On 9/12, the index made a new rally-high of 3021, seven points shy of the 3028 top of 7/26.  There was some cautious selling going into the FOMC meeting scheduled for the following...

I would like to start out by looking at the old ratio combo chart that has the GOLD:XAU ratio chart on top with the XAU on the bottom. I’m not going to go over all the details the ratio combo chart has, only to emphasize the 20 year 6 point parabolic arc which shows...

2 charts show the gold price and silver price gains as stocks fall.

The pundits and the media were debating for several weeks leading up to the last Fed meeting about what the Fed was going to do and the effect they thought it would have on the market.  And, it amazes that the great majority of the market does not realize how much...

There is no stopping the rise in the price of gold. As long as world Central Bankers continue to increase the quantity of fiat currencies, because gold’s production is limited, a simple supply and demand equation predicts gold must go higher. Hyperinflation pushes...

"FLASH! Durham, NC: According to the Duke University/CFO Global Business Outlook, 67% of the nation's chief financial officers see the U.S. being in a recession by the end of next year."

At week’s end we find the Dow Jones Index with a bearish, picture-perfect head and shoulders technical formation. The left shoulder goes back to last April, the head in early July and the right shoulder at the close of the week. So, is the market a sell as September...

Our proprietary cycle indicator is down. Gold sector cycle is down, a multi week correction is in progress. We have taken partial profits and are holding a core position for the long term.

Skilled technical traders must be aware that price is setting up for a breakout or breakdown event with recent Doji, Hammer and other narrow range price bars.  These types of Japanese Candlestick patterns are warnings that price is coiling into a tight range and the...

Here are today's charts and videos:

The Federal Reserve’s endless machinations really affect the gold price, sometimes confounding traders with seeming illogicalness. This week the Fed cut rates again, which has really boosted gold in the past. Yet it plunged 1.7% in less than an hour after this...

Just as we predicted, precious metals are setting up another extended momentum base/bottom that appears to be aligning with our prediction of an early October 2019 new upside price leg.

The ‘plumbing of the U.S. financial system’ is under pressure as liquidity dries up forcing New York Federal Reserve to provide massive liquidity and potentially they may be forced to move to permanent repo operations and renewed quantitative easing or QE

I am simply amazed at how much email I have been getting asking my opinion regarding the latest “manipulation” cases.  And, many of those are asking me if I am finally convinced that the metals market was manipulated to drop from 2011 to 2015.

In this interview, Brian & Darryl Panes from As Good As Gold Australia speak with Egon von Greyerz who confirms the world is running on empty.

History may not repeat itself to the letter but it certainly rhymes. That’s what the Fed watchers would say now. The Fed cut the interest rates for the second time this year and the price of gold declined again. What is going on?

By now, it would have been hard not to have read about the Justice Department’s landmark criminal indictments against three additional precious metals traders from JPMorgan. Two of the traders charged are current employees and include the head of global metals...

From Ralph Waldo Emerson: “It’s not the destination, it’s the journey.” His insight applies in life, investing, analysis, the S&P 500 Index, gold, silver and others. Consider these examples.

Gold sees selling of gold futures in electronic trading on NY Globex despite a bullish Fed rate cut and even more bullish attack by President Trump on the Federal Reserve.