Gold Editorials & Commentary

The recent employment report points to the continuing strength of the U.S. labor market. The earlier months’ upward revisions paint the same picture. Yet the unemployment rate ticked higher – is a recession looming, or not? And what does it all mean for gold?

The price of gold popped back over $1500 last week (December futures basis) and silver moved back over $18.  The gold/silver ratio, which ran from 82 to 89 in the last week of September, has rolled over and seems to be headed lower. A falling GSR is typically a...

Sector expert dissects recent Fed and other government actions and discusses his recent precious metals trades.

As investors reset their clocks to accord with the end of Daylight Savings Time, they may also need to reset their expectations for future returns. 

In a September report, the World Gold Council (WGC) pointed out that some investors are underexposed to gold. The gist of the study is that investors may assume they have adequate exposure to gold because they’re invested in a fund that tracks a broad-based...

Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not a theory. We called it a cargo cult. You’d think that everyone would know that donning fake headphones made of coconut shells, and waving tiki...

Where will gold price be tomorrow, next week, next month, and next year? These are all questions that we are being asked on a regular basis. There are quite a few gold trading techniques that allow us to make predictions, but they often can be applied to only a...

In our most recent editorial we concluded by observing a few positives in the gold and silver stocks. We concluded with: “Their performance over the weeks ahead could give us an early hint as to how much longer the correction will last.”

Gold price action in November 2019 is likely to take most investors by surprise. There are two ways in which gold is likely to move in the first part of the month. It could slide right away based on the triple triangle-vertex-based reversal patterns that we see in...

I’ve been holding off on writing this Weekend Report for the US stock markets until I got just a little more confirmation that the next impulse move higher is underway. Last weeks price action is strongly suggesting that the nearly 2 year consolidation phase is...

In spite of some additional short-term strength to a new all-time high which is primarily driven by strength in the NDX, SPX is most likely putting the final touch on a large intermediate top.

Has the German Bundesbank increased Germany’s gold reserves for the first time in 21 years? The important story of how Bloomberg (and only Bloomberg via the Bloomberg terminal) reported that Germany had added to its gold reserves and that “Germany’s reserves climbed...

There've been quite the array of excitable headlines running across the spectrum by our great and good Gold writing colleagues these many weeks -- and rightly so -- the yellow metal (were we are year's-end today) having put in its best performance (+18.1%) since...

What a tease the Dow Jones Index has become to the bulls; it closed the week only 0.04% from its last all-time high of last July, only eleven points short of making market history. It’s important to note the Federal Reserve cut its Fed Funds rate 0.25% this week,...

Summary: Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is now up, suggesting that the multi month correction is complete. We are adding more positions to our core holdings. 

In the first quarter of 2019, global debt hit $246.5 trillion. Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone.

Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration.  A day later, the US stock markets reacted by setting up multiple top rotation patterns.  The next day, a moderate price rally set up after the US Fed...

Here are today's videos and charts. 

The gold miners’ stocks have surged in 2019, blasting higher after gold’s first bull-market breakout seen in several years.  That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment.  That grinding...

Precious metals markets enter November’s trading with bulls eying a potential year-end rally. Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move...

Gold has shrugged off the latest blather from the Fed and looks bound for at least 1536. Some Rick's Picks subscriber caught the move, and I'll show you how. T-Bonds have also caught fire and deserve a look.

While we have the minimum waves now in place to consider that the pullback/correction we have been tracking for the last two months has completed, and the market has clearly held the support we have outlined which we expected to hold during this pullback, questions...

Yesterday, that was already the third time this year when the Fed cut interest rates. In response, the price of gold erased earlier losses. That sounds a bit fishy. What is going on?

The US Fed cut rates again by 25 basis points, the third time this year. Prior to the start of 2019, the US Fed gave guidance that 3 to 4 more rate increases were planned for 2019.  What the heck happened to the US Fed and what has them so freaked out that they...

“It may be time to replace bonds with gold” according to the just released excellent new Investment Update by the World Gold Council.

Are you feeling lucky and you want to play a game of chance? Well, there just happens to be a seat open at the Crimax poker table. It's just like regular poker, but the Crimax has one rule that is unusual. Your bankster opponents have unlimited capital to bet, and...

Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher.

Wednesday afternoon brings the conclusion of The Fed's latest FOMC meeting, and the remainder of this week brings all sorts of U.S. economic data. All of this will impact gold and silver prices...but in which direction?

Tennessee Ernie Ford sang about the plight of coal miners decades ago. His song remains relevant in today’s increasingly crazy world.

“Money is a matter of functions four: a medium, a measure, a standard, a store.” Most of the talk was structured around discussing these functions. Medium is pretty obvious: the dollar is the universal medium of exchange. It is basically frictionless, trading at...