Gold Editorials & Commentary

In deference to Mark Twain, I will review the USD, general stock market, precious metals, the electric metals and various other topics.  In the past two weeks Rambus has been so prolific with such high impact charts that I find it a challenge to offer value added ...

Something truly massive happened in early 2017. That “something” was the market shifted from deflation towards an inflationary outlook. If you don’t believe me, you can see for yourself.

India and China often grab the headlines as the world’s largest buyers of gold. In 2016 this was not the case. When measured on a per capita basis it is Germany that takes the impressive crown of largest gold buyer in 2016, all thanks to their investment market....

Normally winter is a good time for gold, with men buying their significant others jewelry for Christmas and lots of New Year’s Day marriage proposals. Here’s an overview of the dynamic from Adam Hamilton of Zeal Intelligence:

Physicists say that the universe is expanding. However, they hotly debate (OK, pun intended as a foreshadowing device) if the rate of expansion is sufficient to overcome gravity—called escape velocity. It may seem like an arcane topic, but the consequences are dire...

Longtime readers of The gold Update know of which that title is analogous. 'Tis Chris Issak's in concert description about a girl standing in a Greyhound bus station: she has dirty blonde hair, is wearing a taupe miniskirt, white boots and has next to her a small...

As I do the actual work of plowing through NFTRH 472, I am noting some non-bond related indicators in line with the fading Junk/Quality ratios and easing Treasury yields noted in this post. If preliminary hints in these indicators intensify and long-term yield...

SPX is three to four weeks away from an intermediate top. A few minor reversals to build an adequate distribution phase on the P&F chart will first be required.

Janet Yellen’s term as Federal Reserve chair ends on February 3rd. President Trump is expected to announce the new Federal Reserve Chair very soon, perhaps even this week. He said that we’ll get to know his choice before a tour in Asia in early November. Since that...

GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short term-sell signal. Gold stocks relative to gold is now at the most oversold level in a year.

Many assets show signs of being immersed in bubbles right now. The most obvious example is the cryptocurrency speculation, which includes Bitcoin, the numerous and rapidly-multiplying Bitcoin alternatives and, more recently, the stocks that are involved in...

The gold miners’ stocks have largely ground sideways this year, consolidating their massive 2016 gains. That lackluster trading action, along with vexing underperformance relative to gold, has left gold stocks deeply out of favor. But these uninspiring technicals...

Here are today's videos and charts.

– Bank of England raised interest rates for the first time in ten years

– President Trump announces Jerome Powell as his choice to lead the U.S. Federal Reserve

American consumers were more willing to open their wallets in September, an encouraging sign of what Santa might bring for investors this year. According to the latest Bureau of Economic Analysis (BEA) data, consumer spending in the U.S. rose a robust 1 percent...

Across Europe many voters and politicians are expressing their dislike at the bureaucratic and overarching approach of the European Union. There are also regions and countries pushing to break ties with others that they have long been associated with. Catalonia is...

According to the Wall Street Journal, Jerome Powell will be the next Fed Chair. Whether or not this is fact is difficult to tell. Neither the White House nor Powell himself has confirmed the news.

Gold, ornamentation and money: that was the sequence of events. Man discovered gold, found it malleable, durable and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its...

Mr. Trump will replace Chairperson Yellen next February. Good. The job is responsible for safeguarding the US economy and the Fed is a source of global financial stability or recently instability. Yellen viewed inflation a bit of a “mystery” citing the Fed’s...

“President Trump, in complete contradiction to candidate Trump, has praised Yellen for being a ‘low-interest-rate-person.’ One reason Trump may have changed his position is that, like most first-term presidents, he thinks low interest rates will help him win...

To paraphrase Einstein, not everything worth measuring is measurable and not everything measurable is worth measuring. The purchasing power of money falls into the former category. It is worth measuring, in that it would be useful to have a single number that...

One of Italy’s twenty regions is calling for more autonomy from the state following a nonbonding referendum. Why? Because a government supported ‘rescue package’ caused the lifesavings of 200,000 savers to be wiped out during the  implosions of Popolare di Vicenza ...

I’ve suggested that investors may need to look beyond the Head & Shoulders Top formations that recently appeared on bullion and many precious metal stocks.

The world’s top gold producer saw its mine supply plummet by 10% in the first half of 2017.  According to the GFMS World Gold Survey newest update, China’s gold production in 1H 2017 fell the most in over a decade.  The fall in Chinese gold production is quite...

This week markets will be watching the UK with baited breath as the Monetary Policy Committee meets this Thursday to discuss a potential rate rise.

My good friend Pierre Lassonde, cofounder and chairman of Franco-Nevada, doesn’t know how we’ll replace the massive gold deposits of the past 130 years or so. Speaking with the German financial newspaper Finanz und Wirtschaft this month, Pierre says we’re seeing a...

Crooked bankers are all over the headlines again. The world’s largest metals hedge fund, Red Kite Management, Ltd., is suing Barclays for rigging copper prices. Federal prosecutors launched an investigation of Wells Fargo bankers working on its foreign exchange desk...

The big news last week for the Precious Metals sector was that the dollar broke out of its Head-and-Shoulders bottom to start its “Swansong Rally”, a development predicted in the last update, and for weeks before that. This caused PM sector stocks to break sharply...

The best performing precious metal for the week was palladium, down slightly by 0.42 percent.  Germany’s BASF noted that the automotive industry appears to be responding to the price surge in palladium this year and are slowing down purchases.

Washington, DC - Congressmen Alex Mooney (R-WV) and Frank Lucas (R-OK) delivered a formal letter to the United States Mint and Secret Service, urging aggressive action on the growing problem of high-quality counterfeits of U.S. precious metals coins entering the...