Gold Editorials & Commentary

Bull markets make higher highs and higher lows. Bear markets make lower lows as they progress. It makes sense that bull markets have many up days and a few down days, and that the average up move is larger than the down moves.

Gold has reached its highest price in Japanese yen since 1980 at 165,045/oz (see charts below) as the yen depreciates amid “global economy jitters”

With due deference to the greatness of William Shakespeare, the opening line of Hamlet is one that has been found not only in literature, but in film, music and politics, and is a question that has been asked for centuries as to whether the pain we endure in life is...

Our August 19th prediction of a market breakdown, as well as our continued research suggesting a breakdown in price was the most likely outcome, is a combination of technical analysis, predictive modeling and our understanding of the market dynamics at play...

China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong Kong is misleading.

Where Does Gold Go From Here? — Ron Paul’s “Cautious” Prediction. “Gold is an ‘insurance policy’ as the dollar will continue go down in value as it is printed” and it will end in a monetary “calamity”

Based on the situation in the USD Index, the analogy to what happened in mid-90s, and – most importantly from the short-term point of view – gold was supposed to decline similarly to how it had declined 8 years ago. Back in 2011, THE top formed right after the U.S....

The fears of imminent recession have been multiplying, and this has led to 1) plunging long term bond yields; 2) yield curve inversions and near inversions; and 3) a fearful Federal Reserve going into "dovish" mode in the attempt to prevent such a recession.

Today’s USD breather has brought relief to many other currencies earlier under pressure. The euro is recovering, and the bulls’ resolution looks to be put to test shortly as the nearest resistance is at hand. Will they overcome it? But what about the other pairs?...

The Rising US Dollar continues to shift the investing landscape as a stronger US Dollar mutes the price acceleration in precious metals and continue to put pricing pressures on the global economy.  The current levels of the US Dollar Index, above 99, clearly...

Gold gained 1.7% and silver surged 4.9% yesterday after weak U.S. manufacturing data reinforced fears of a U.S. and global recession

A few weeks ago we wrote that precious metals were at risk of a correction. First, they powered higher. But last week they ran into technical resistance levels that date back well beyond only a few years.

The fast food world gave us an interesting case study in supply and demand last week. By now you’ve no doubt heard about The Chicken Sandwich, the surprise superstar menu item from Popeyes Louisiana Kitchen that’s launched 1,000 blog posts, op-eds and thought pieces...

Recently, the World Gold Council published a 2019 edition of a report on gold as a strategic asset. The industry organization released later the UK edition as well. Plenty of food for thought. How can the learnings from these publications strengthen our investment...

The US yield curve inversion suggests the next recession is about 18-24 months away.  That recession could mark the start of a long period of stagflation like 1966-1980.

A paradigm is a mental framework. It has a both a positive pressure and a negative filter. It structures one’s thoughts, orients them in a certain direction, and rules out certain ideas. Paradigms can be very useful, for example the scientific method directs one to...

I am often asked to provide a sample of the analysis I provide to members. So, in this week’s article regarding the stock market, I chose to reproduce the general discussion I provided within my analysis posted to members on Saturday night.

Reading the new today of the riots and protests in Hong Kong as well as the military action between Iran and Israel suggests to us that the metals markets are poised for a very big run this week and possibly much further into the future.

Gold in sterling and euros have reached new record nominal highs of £1,279.46/oz and €1,401.60/oz respectively this morning (see charts below)

The distinguishing feature of fiat money systems is that they are licentious – they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the Earth in order to improve their chances of being re-elected. The...

Those that have followed my bond analysis since November have made quite a bit of money. While the stock market is basically in the same place it was back in the early fall of 2018 when we went long bonds, TLT has rallied from our entry in the 112/113 region in TLT...

In my last letter I mentioned that I expected the market to turn down before it had another 100-point rally because the 40-week cycle, which is in its final phase, will start to put pressure on prices. However, as of Friday, the SPX rose 105 points before pulling...

The close of the week found the Dow Jones -3.49% from its last all-time high of July in the BEV chart below. After weeks of the Dow Jones closing darn near the same distance from its last all-time high, this is getting pretty boring.

Since we noted the initial move to break the 200 day moving average – and at least temporarily break the downtrend on August 27th – the Silver/Gold ratio (SLV/GLD) has held its breakout, looking to close the week and the month of August on a signal that we have long...

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt are all higher than they have...

Our proprietary cycle indicator is up. Gold sector is on major buy signal. The silver:gold ratio confirmed a breakout this week, ending a three year downtrend and under performance.

As we close out the week and watched the markets trade in a rotational price manner, it became very clear to us that the patterns setting up in price continue to support our overall analysis of the markets and the potential for a bigger downside price move.  We...

An intriguing paradox is evident, whereby the USDollar continues to rise despite the global economic recession. In fact, it can be argued that the USDollar is rising in the past several months, because of the global recession.

For those of you that have followed my raves and rants over the years, you are undisputedly aware of all of my biases when it comes to almost everything: bankers, politicians, invasive species, free market suppression, entitled Millennials, and finally, the utility...

Personally, I love trading metals and have been doing so for quite some time.  In fact, the best trade of my entire career was in silver many years ago.