Gold Editorials & Commentary

With the various charts we track unable to complete 5 waves up off the low struck two weeks, it would seem that we can count all of those charts as having just completed a corrective rally top, with more pullback likely to be seen. In fact, this is primarily why I...

Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest the...

Have you heard loud warnings from Mainstream Media or from official government sources about the following huge problems? No! Official sources and the media are largely silent. They can’t/won’t discuss our serious problems and prefer the hopium strategy.

In yesterday’s analysis, we emphasized that even though a big decline in gold is already underway, it’s likely that it won’t be a straight move down and there will be periodic corrections. Moreover, we provided price targets from which the bounce could start. Based...

In our view, gold investors should settle back with some popcorn and enjoy the coming fireworks, which will include the best gold bull market ever, with all the volatility that implies. We see new all-time highs just around the corner. The challenge is to take a...

The run up of the last few months to $1,565 gold and $19 silver has stalled out into a relatively high-level correction, giving back less than might be expected after such a spirited rise.

Our research team has been all over this longer-term Pennant/Flag setup and the potential for the breakdown in the US/Global markets.  The US manufacturing data released today confirmed what we believed would be the outcome of the extended trade issues between the...

It was only a few hours ago that I was cruising through a lovely early-autumn Friday afternoon preparing for one of the last weekends at the marina for the 2019 season when I came across the much-heralded (and often misinterpreted) COT report.

Several weeks ago both gold and gold stocks hit major resistance after strong but extended moves. A correction or pause was to be expected. Clearly, we can now say, the sector is in correction mode.

Reserve Bank of Australia joined the chorus of easing central banks, cutting interest rates to record lows. Predictably, that sent the Aussie dollar plunging. Should gold bulls cheer this move?

China’s “Golden Week” holiday is underway and gold markets there are closed for the week. The demand vacuum created by this holiday often contributes to a gold price swoon, and that’s happening now.

Whilst we are in complete agreement with Egon Von Greyerz of GoldSwitzerland, about the exceptionally positive mid and long-term outlook for gold and silver which will soar as the monstrous global debt bubble implodes, there is the small matter of what will happen...

The Great Recession never ended. I say that because the deep economic flaws that caused it were never corrected. All recovery efforts since merely clouded our eyes to the problems growing larger around us, even making them worse, and now we are going back into the...

Donald Trump has become only the fourth president in U.S. history to be the subject of a House impeachment inquiry. The details are still unfolding, and it’s an extremely divisive topic.

President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means.

We discuss capital consumption all the time, because it is the megatrend of our era. However, capital consumption is an abstract idea. So let’s consider some concrete examples, to help make it clearer.

Briefly: in our opinion, full (250% of the regular size of the position) speculative short position in gold, silver, and mining stocks are justified from the risk/reward point of view at the moment of publishing this Alert.

One of the past month’s interesting stock-market developments was the strength of the banking sector in both nominal terms and relative to the broad market. The strength in nominal dollar terms is illustrated by the top section of the following weekly chart, which...

“The possibility of gold over $16,000 per ounce and silver over $770 per ounce … I hear people gasp in dismay when I say those figures and I will qualify them”

On Friday, with daily SRSI and the A-D indicator already in the red, the daily CCI dipped into the red.  That makes it unanimous and tips the market trend from neutral to negative.  It is not something that should be ignored!  In the past, this has led to a serious...

For Gold and its BEGOS Markets brethren, save for a day, we're now three-quarters of the way through 2019's trading mêlée. And in the midst of it all the precious metals have worked so as to themselves display above the much of fray such as shown via our year-to-...

Not much has changed with the Dow Jones or the broad stock market since the close of last week. Here’s the Dow Jones’ BEV chart below. I could have used last week’s chart.

I'm sure that others are already calculating and anticipating what $25,000 gold might mean to holders of the shiny, yellow metal. It makes previous targets of $10,000.00 per ounce sound blandly conservative.

Our proprietary cycle indicator is down. Gold sector is on major buy signal. GLD is on short-term sell signal. GDX is on short-term buy signal. Speculation has peaked and will take weeks to unwind.

It is my privilege now to welcome back Michael Pento, President and Founder of Pento Portfolio Strategies. Michael is one of our very favorite market commentators that we have on the podcast and is a well-known money manager, and author of the book The Coming Bond...

As the Fed turned dovish this year, not only did the short-term interest rates move down – the long- and very-long-term ones also declined. Why would this be the case? After all, the long-term rates are set by market forces, not through Fed’s direct decision… Did...

Here are today's videos and charts.

The gold miners’ stocks have largely ground sideways in the last couple months, consolidating their big mid-summer gains.  That drift is slowly bleeding away greedy sentiment, but this sector remains really overbought.  Gold stocks’ dominant driver gold is even more...

The interplay between gold and silver is a critical component to understanding what is out ahead; to understanding whether long-term Treasury yields will rise and if they rise, whether it will be due to inflationary pressures. It is a critical component to...

Gold is 0.6% lower today at $1,497/oz and appears headed for a 1.1% fall this week after a 2% gain last week