Gold Editorials & Commentary

Last month in this space, I penned an essay titled "Are Silver and Gold 'at the Flood'"?. A few weeks later, two other essays on another widely-read site discussed this topic from the same perspective and sourcing – a case of "great minds thinking along similar...

Not much happened yesterday on the precious metals market, but the situation became more bearish anyway. Why? Because the factors that impact gold, silver, and mining stocks don’t come only from the PM market itself. In today’s globalized economy, no market can move...

A small move in price enables The Banks to lay the shorts right back on. Just three weeks ago, we warned you to ignore newsletter pundits who were claiming that one day soon, The Banks that operate on the COMEX will be long and on the side of the regular investor/...

The price of gold is expected to rise to $1,532 an ounce by October next year, delegates to the London Bullion Market Association’s (LBMA) annual gathering predicted on Tuesday.

I am starting to see evidence of serious stress from investors based upon the tone of the some of the comments I am seeing in my articles on the market. Well, at least from those who did not heed my warnings.

As the month of October fades away and is replaced by the month of November, which represents the start of the "best six months of the year" for stocks, traders are all sharpening pencils, firing up slide rules and priming keyboards in anticipation of making some...

President Donald Trump hailed the trilateral USMCA agreement as “historic news”, fulfilling a promise to scrap the worst trade deal ever. Yet after 13 months of difficult negotiations, the largely cosmetic NAFTA 2.0 increases American cars and trucks content by 20...

The US stock market continues to gyrate wildly with many key Dow Index stocks staging truly horrific meltdowns. This market is beginning to look eerily like the bear market that started in 1929. Instead of buying stocks while the business cycle troughed as Barrack...

On Thursday, Mr. Draghi held a press conference. But the real thunderbolt hit on Monday, when Ms. Merkel announced that she would step down this year as a leader of her conservative party. Will that lighting make gold shine?

The Nasdaq composite enters this week’s trading down over 10% in the month of October. For what it’s worth, market technicians consider a 10% pullback an official “correction.”

Hungary isn’t known today as one of the world’s top gold producing countries. There was a time, though, when it accounted for around three-quarters of Europe’s entire output of the yellow metal, if you can believe it.

There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and suddenly realize that the dollar is bad / unbacked / fiat / unsound / Ponzi / other countries don’t like it / <insert favorite...

October was at it again last week. After Wednesday’s close, the S&P 500 Index, Dow Jones Industrial Average and small-cap Russell 2000 Index had all erased their gains for 2018, while the tech-heavy NASDAQ Composite dipped into correction territory.

And so it happened. Gold stocks closed the week below the neck of their inverse head-and-shoulders pattern, while the USD Index closed it above its own inverse H&S. The implications thereof are strongly bearish for gold, silver, and mining stocks and we can say...

The best performing metal this week was palladium, up 2.16 percent as hedge funds boost their net long position to a 7-month high on supply concerns. Traders and analysts in the weekly Bloomberg survey were the most bullish in a month as gold heads for its highest...

It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to...

Over the past 20+ years of research and trading in the markets, our team of traders and researchers know one thing is certain, when fear hit the global markets, precious metals react by rocketing higher.  We've seen this happen over and over again – even when non-US...

The first part of home storage is just basic home security.  Your home does not have to be a fortress but it needs to have better security than the other homes in your neighborhood so that criminals just pick another one.  The obvious ones are: 

The first wave of this correction started at 2941 and stopped at 2710, for a decline of 231 points.  After a brief rally to 2817, the second wave started.  At the time, I suggested that the trend could be taking the shape of an a-b-c pattern, which is the normal for...

Large precious metals speculators raised their bullish net positions in the Gold futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Apparently excitable and sufficiently widespread were reports this past week on gold going up such as to generate an email from a valued, non-financial media friend specifically quoting from the Dow wires that "... demand for the haven metal rose through the week...

As we have noted over the many years of the gold sector’s bear market, the gold miners will not rally for real until the real sector and macro fundamentals come into place. Those fundamentals do not include commonly promoted inflation, China/India “love” trades, a...

Deflation seems to be the primary theme in the market as we come to the end of October. The last time the Dow Jones saw its BEV value at -8% was in early July of this year (BEV chart below).  It took fifty-three NYSE trading sessions for the bulls to work up to a...

Here is our Friday digest of the important news, commentary, charts and videos we were informed of this week. The old Wall Street adage is that they “never ring a bell at the top” but there was a real sense this week that we may have seen a turning point. U.S....

Speculation remains at multi-decade low, but short covering has begun with specs back to net long. A tradable bottom remains in place. GLD is on short-term buy signal. GDX is on short-term buy signal. 

Here are today's videos and charts:

Gold and its miners’ stocks have proven rare bastions of strength during recent weeks’ market carnage. They are powering considerably higher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg, which ought to...

Wait, what?! Isn’t the inverse head-and-shoulders a bullish pattern that was supposed to take gold miners much higher? Indeed, it is. But it didn’t take gold miners much higher and all that the completion of the above-mentioned pattern generated was a corrective...

In January 2009, when bitcoin was released, its value was “basically nothing” ~wikipedia.  Eight years later in January 2017, bitcoin was at $986 and in December reached $19,783, an astounding one-year rise of 1,900 %, outperforming the 1,500 % historic increase in...

Banking on a Reversal - A healthy banking sector is a requirement for a healthily functioning economy. We saw back in 2008 what can happen when banks gorge on debt and lend recklessly to highly geared market participants. It never ends well. Banking stocks also have...