Gold Editorials & Commentary

As mentioned in my last article in mid-October, Gold bottomed out into our 'kill zone' turn date, with the metal rallying all the way up to a recent high of 2019.70 (December, 2023 contract). A mid-term bottom for Gold is deemed to have formed at the 1823.50 figure...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. 

SGS Key Charts, Signals, & Video Analysis

Happy Thanksgiving to everybody. I'm going to do a public video just for Thanksgiving. I'm going to show you what I think is going on, what's driving some of the moves, especially in the stock market and I think it will also drive a move in gold.

What we know about gold is simple and straight forward. Gold is real money and a long-term store of value. Gold’s value is in its use as money. Its price has nothing do with its value. In fact, the price of gold has nothing to do with gold at all.

I have not posted the monthly chart of the Copper/Gold ratio probably since last year, as 2023 has been all about disinflationary Goldilocks recovery, rather than a deflationary liquidity crisis. However, as Goldilocks matures into old age, it is worth keeping tabs...

The gold price held where we’d anticipated, now taking out resistance. Gold poked through support for a test of the moving averages, and this morning it is climbing back above former support, which will be more viable now that moving average testing has been done....

Matterhorn Asset Management, AG partner, Matthew Piepenburg, sits down with David Lin of the David Lin Report to help end a number of false debates and narratives currently making the headlines.

Econometric model building attempts to produce a laboratory with controlled variables. By means of mathematical and statistical methods, an economist establishes functional relationships between various economic variables.

Joining us today is Thomas Parilla, president of Parilla Investment Group, and he shares his views on the recent Fed meeting's impact on these markets, highlighting the resilience of gold prices despite rate hikes and the remarkable 140 million ounce silver deficit...

The market is currently discounting a soft landing for the economy and this should continue into 2024. However, there is rising risk that turns to recession or stagflation in 2024.

Over the past 50 years, the dollar has gone nowhere against other key fiats… While being viciously mauled by the ultimate currency that of course can only be gold. The big question gold bugs are asking is this: Is gold set to begin a fresh mauling of all the world’s...

Gold is on the verge of a major breakout and frankly it would be surprising if it wasn’t given that money creation is in the final vertical stages of a parabolic blowoff. Gold has taken so long to build up to this, having been in a giant trading range since mid-2020...

If you have been reading any of my articles over the last 12 years, you know that I have a major issue with the common view of how markets work, as represented through the public articles that we all read.

Last week, I emphasized that silver’s outperformance was indicating a reversal. That’s exactly what we saw on Friday. Can you guess what’s next?

Gold closed at $1985 and faces important daily and weekly resistance at $2000. Silver traded up to $24.00 and faces resistance at $24.50 and $25.00.

The best performing precious metal for the week was palladium, up 8.50%, likely on the prospects of interest rate cuts that could spur industrial growth and stronger auto demand.

“If it bleeds it leads” is a well-worn expression for describing how the media reports the news, if you can interview a victim/ family member and get them crying, well that’s even better for ratings. But all news isn’t bad, or that good news doesn’t deserve a higher...

It doesn’t require decades of financial expertise to balk at the notion of selling retail air conditioning units in Siberia or lemonade stands in the heart of the Arctic. That is, even a high-school freshman would foresee the likely mis-match in supply and demand....

Lacy Hunt, a gray eminence of the financial world and no doomsayer, was out with a Hoisington Report recently that should scare the pants off anyone concerned about the direction of the U.S. economy. 

Vince Lanci covers the current conflicting forces driving Gold. Specifically, he covers forces of seasonality, the action in Bonds, the CPI, Dollar and their impact on Gold. We also touch on fund liquidation in the miners.

In a recent interview the Dutch central bank (DNB) shares it has equalized its gold reserves, relative to GDP, to other countries in the eurozone and outside of Europe. This has been a political decision. If there is a financial crisis the gold price will skyrocket...

Some 40 years ago per advertising billboards for the evening blatt known as the San Francisco Examiner:  “A lot can happen between 9 and 5”.  And relative to just this past week, ’tis perfectly analogous to the state of Gold, Inflation and the Economy:  “A lot can...

I kept saying it’s going down. But damn it, it keeps going up. I’m talking about the Dow Jones in its BEV chart below. So, what’s wrong? Clearly, it’s a case of; when you finally figure out the rules in the market, someone else always changes the rules.

Well, the more things change in Washington, the more they stay the same. Under the new leadership of House Speaker Mike Johnson, Congress passed a stopgap funding bill on Tuesday to once again avert a government shutdown. It was quickly approved by the Senate on...

Our proprietary cycle indicator is UP. Expect higher gold prices overall. Trend is UP for gold. A bottoming pattern in progress. Gold is also in the process of a bottoming pattern.

I get the overwhelming sense the economy is rolling over into recession faster than markets expect. U-1 unemployment is shooting higher, and permanent job losses are accelerating, consistent with prior recessions. Long-term inflation expectations reached 12-year...

The major gold miners just finished reporting fantastic Q3 results.  A potent combination of higher gold prices and lower mining costs fueled skyrocketing profits, some of gold stocks’ biggest earnings growth ever!  These larger miners were generally able to...

Here are today's videos and charts. 

Since its peak in August 2020, Gold has moved towards a breakout on multiple occasions but failed in every case. Nevertheless, as of Thursday, November 16, Gold is within 4% of a daily all-time high and 2% of a weekly all-time high. It appears only weeks, if not...

Gold stocks are not yet unique within the wider macro, but that does not preclude a move to 40 by GDX