Gold Editorials & Commentary

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...

Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday’s selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from stock markets in the U.S....

For the last three years and during the 64% rally in the S&P 500 from 1800 to 2940, many analysts were quite bearish, expecting the market to top out each and every week. They continued to point towards the “risks” in the market, all the while helping develop...

Elijah Johnson invited me onto the Silver Doctor's precious metals podcast to discuss why mining stocks are historically cheap and why an expected crash in the stock market will be accompanied by a soaring precious metals sector. We also discuss why Trump is beating...

The US$ index is breaking higher. It’s trading at 96.41 as we pen this. A daily close above 96.61 marks a new 52-week high and puts the dollar in position to eventually retest its bull market high at 104. If this strength continues then the relief rally in precious...

In light of the volatile market action since my last report two weeks ago I am dedicating this report towards the big picture view.  I have been presenting the post bubble contraction (PBC) model to you all year long, however I am convinced many still don’t...

I have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my interest in the subject. An explanation of the...

600 points. Dow plunged so much yesterday. The S&P500 and Nasdaq also suffered. The persistence of losses is disturbing. Should then gold shine?

When we see a large market move occur which surprises you, what do you do? The first thing you likely do is go on the internet to read the financial news so that you can “understand” what just happened.

The gold price has been rising over the past month, driven by investors seeking safe-haven assets as the stock market sells off sharply. On the technical chart, we can see a bottoming pattern followed by a price spike higher. I am now looking for gold to break above...

It is my privilege now to welcome back David Smith, Senior Analyst at The Morgan Report and regular contributor to MoneyMetals.com. David, it's been too long. How are you my friend?

Gold rallied yesterday, right before its turning point, and reversed its course before the end of the session. Precisely, even before the US session started. Miners reversed as well, after failing to move back above the late-2016 bottom.

The global economy carries debt of about $250 trillion, an impossible sum to repay, which suggests default, devastating inflation, and probably both.

As many of you reading this know, I’m what you would call a Tex-Can. I was born and raised in Canada, but I’ve called Texas home for nearly 30 years. I can’t picture U.S. Global Investors headquartered anywhere else, even after traveling to all parts of the country...

It was 31 years ago, on Oct. 19, that I watched a $300,000 stock portfolio begin to vaporize, with a Monday loss of 35% morphing into a 93% amputation by the end of the week, the remaining cash balance totaling slightly over $16,000.

As we have noted, markets are deep into what we have called the Tariff Trade based on the assumption that Trump would win his trade war with China and that he would do so before it had any serious negative impact on the U.S. economy. The Tariff Trade was to go long...

Is gold bullion, the “Queen of Assets”, breaking out to the upside from a beautiful pennant formation? Gold has formed an important double bottom pattern.  After an initial breakout to the upside, there was a brief consolidation and that took the form of a pennant...

It’s important to keep in mind that the mining stocks have been sold to levels well-below their intrinsic value – in the case of larger-cap producing miners. Or their “optionality” value – in the case of junior mining companies with projects that have a good chance...

Only one digit has changed. But it may have profound consequences, sending the country closer to junk status. Meanwhile, Rome and Brussels clash over budget plan. Will that duel benefit or harm the yellow metal?

There is an age-old relationship between prices and interest rates that Keynesian economists have called a paradox (“Gibson’s Paradox”). The relationship was clearer during the Gold Standard era, but as I explained in a previous post it is still apparent if prices...

I have now been a contributor at Seeking Alpha for seven years, during which time I have written for approximately six years, as I took a one-year hiatus. And, during that time, I have had the honor of penning almost 400 articles.

The latest IMF Global Financial Stability report (released 10 October), highlighted an increase in the level of risk among multiple global metrics.

Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up. A tradable bottom is in place. 

The outcome of the November 6th voting will be a big deal for investors, including gold and silver bugs. The metals, perhaps more than most other asset classes, are sensitive to geopolitics. Let’s break down what the potential voting outcomes might mean for the...

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. According to historian Peter Sugar’s A History...

There were not many changes in gold, silver and mining stocks on Friday, and not much has changed in terms of the weekly closing prices either. Gold and gold stocks closed modestly higher, and silver was up by $0.01 last week (after declining $0.01 in the previous...

Huge recent imbalances in the gold futures market led many to predict that speculators (usually wrong at big turning points) would be forced to close out their historically extreme short bets. Put another way, too many traders were using gold futures contracts to...

This week spot gold held near its highest level since late July as holdings of gold-backed ETFs rose to the most since early September, according to Bloomberg. ETF holdings grew each of the last seven trading sessions, marking the longest run of gains since April....

Let’s continue to look at the fiasco in the franc. We say “fiasco”, because anyone in Switzerland who is trying to save for retirement has been put on a treadmill, which is now running backwards at –¾ mph (yes, miles per hour in keeping with our treadmill analogy)....

We began the Amigos theme last year in order to be guided by the goofy riders during the ending stages of a cyclical, risk-on phase that was not going to end until the proper macro signals come about, no matter how many times the bears declared victory along the way...