Gold Editorials & Commentary

As many of you know, I run a trading room with well over 3500 members, including over 450 money managers.  I have seen the good, the bad, and the ugly as far as what traders and investors do through the years.  And, no matter how much I warn about the pitfalls in...

A new phrase has been added to our lexicon of late, and that is what has become known as "fake news." This new phraseology can be aptly applied to that which is presented by our old friends at the GATA (Gold Anti-Trust Action) committee.

In early March, RT.com, the Russian based media network, asked me for comments and opinion on the subject of central bank manipulation of gold prices. The comments and opinion that I supplied to RT became the article that RT then exclusively published on its website...

In commodity markets backwardation is an indicator of physical shortages. Shortages result in buyers bidding up the cash price of the commodity above the future prices. This creates a profitable trade (called decarry) for those holding the physical commodity – they...

Donald Trump believes trade wars are easy to win.  Winning depends on who your opponent is. At the moment Trump’s target is seemingly China but it is becoming increasingly clear that the Eurozone (and wider EU) is very much also at the top of his protectionist...

For those of you who remember the movie Trading Places, this was a famous scene that I always remember when we see emotional reactions in the market after a downdraft.

 “China’s launch on Monday of its crude futures exchange will improve the clout of the yuan in financial markets and could threaten the international primacy of the dollar, argues a new report by Hayden Briscoe, APAC head of fixed income at UBS Asset Management.

After many starts and stops over the past few years, the Chinese oil exchange launched on March 26, 2018 as I have been reporting for the past few weeks. This is a big deal. It appears to be a direct competitor to the US dollar in, right now, just oil but it could...

We were anticipating a modest one or two week correction prior to the resumption of the short-term upward trend, but all we got was a two-day pullback. The gold-market correction that appeared to get underway during the first half of last week was cut short by...

I’ve predicted that in 2018 the US stock market would suffer a series of crashes somewhat akin to the 1987 event, but smaller in size.

Do you hear the military march? The world’s largest economies are flexing their muscles and preparing for war. Will gold win the trade conflict between the United States and China?

Last Thursday, the Dow Jones fell 724 points. It followed up with a 424 point decline on Friday. Meanwhile, the Nasdaq fell 2.43% Friday. Most analysts blamed the plunge on fear of an all-out trade war between the US and China. But the Federal Reserve rate hike on...

As I noted yesterday, stocks still have some life in them. Calling the precise top of a bubble is all but impossible. This is particularly true when you have a White House administration that openly admits it views stocks as a “report card.” Rarely does the one...

Gold production numbers for 2017 are still being compiled but estimates call for the first annual decline in mine output since 2008. The gold price fell dramatically in the months following the 2011 peak in prices. It has languished at, or near, the cost of...

In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes—as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from...

Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011:

The best performing metal this week was gold, up 2.50 percent. Gold traders are the most bullish they’ve been since January 26, according to Bloomberg’s weekly survey. Gold is headed for its largest gain in five weeks after the Fed projected three interest rate...

Picture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, “I will defy the Master.” While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like...

Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be...

For those that follow me regularly, you will know that I have been tracking a set up for the GLD as a proxy for gold. I believe that the GLD can outperform the general equity market once we confirm a long term break out has begun, and I still think we can see it in...

SPX continues its intermediate correction which is expected to last until May. Last week was characterized by severe weakness which has left the index very oversold, near-term. For the reasons given above, I expect a short-covering rebound to take place, followed by...

Last week we looked at monthly exponential charts of gold and silver and found that these charts also show remarkable patterns. Given all the excitement that Wall Street experienced late last week, it seemed a good idea to do a similar analysis.

In looking back a week ago to "Gold's Narrow Trade; Beware a Cascade", price's since breaking away from such narrow trading range did come true -- right on cue -- and up price flew. As if 'twas foretold by the Sibyl, here's our updated view:

There comes a point in every major-market advance where one has to decide whether or not the best the market has to offer is in the past, and it’s now time to GET OUT. Of course one may be wrong in their timing of a market top. There is always the possibility that...

China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal for IPO stock introduction might never occur. And if it did, then Hong Kong might be the only location for the IPO launch.

Gold sector is on major buy signal since early 2016. GLD is on short-term buy signal. GDX is on short-term buy signal. XGD.to is on short-term buy signal. GDXJ is on short-term buy signal. 

It's a safe bet that most readers of this column who hold physical precious metals – gold, silver, platinum and palladium – do so because they view them as a store of value. Gold and silver especially, have served in the role of honest money for at least five...

A major sell-off in the stock market caught precious metals traders by surprise on Thursday. Coming on the heels of gold’s best 1-day performance in over a month, gold and silver ETF prices were lower on Thursday but not by much. April gold futures, however, were...

Here are today's videos and charts.

The junior gold miners’ stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But...