Gold Editorials & Commentary

Since its last all-time high seen on March 1st, the Dow Index has yet to break lower than -3.5% from it, or make a new all-time high.  It’s a boring market.  Something in me wants to see some excitement on Wall Street.  But something else tells me I may not like it...

Not much action from markets as most heavy hitting stocks have reported already. Having seen the most heavily weighted stocks report already takes away the earnings surprise strength, which has helped keep markets looking great, especially the Nasdaq.

For many years now, thousands of bloggers, writers, and such have chronicled the debacle that is the US economy. It is a joke. That fact has been well-established. We can liken it to a cancer. Not every section is influenced in the same manner or degree of severity...

Long-term – on major buy signal. Short-term – on mixed signals. Gold sector cycle is down. A major consolidation is in progress. We are holding some positions for long-term gains. 

The gold miners’ stocks have been slammed by a sharp gold pullback in recent weeks, spawning today’s bearish sentiment.  Traders often get caught up in the emotional swings generated by this volatile sector.  But once a quarter earnings season arrives, revealing...

An email from a reader calling me out on trying to make too many correlations in a dysfunctional market (I think that was his bottom line point, and he’s got a good point) got me thinking about the Silver/Gold ratio and some pretty interesting post-2011 dysfunction...

Storing incredibly valuable precious metals securely has been a problem since man first coveted them. Pharaohs’ tombs in Egypt have been robbed of their gold and other valuables for centuries. Wars have been fought over them. Castles and fortresses have been built...

Thomson Reuters GFMS have compiled an interesting high level history of the gold industry in the last fifty years. Topics covered and interesting historical facts to note include: – Gold market size. –Gold mine production “peaked in 2015” – South African production...

Central bankers are managing paper currencies for the benefit of the people, not the financial and political elite. Consequently consumer prices are stable and there is no reason to own gold as protection from currency devaluations.

Most Americans didn’t realize it, but something BIG changed in the U.S. gold market in the beginning of 2017.  While precious metals sentiment and buying in the U.S. has dropped off considerably in the first quarter of 2017, the East continues to acquire gold, HAND...

Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law.

Over the past three weeks, approximately 11 trading days, silver has suffered one of the longest downward spirals in a great many years and some have even argued this is the longest ever. I try not to look a gift horse in the mouth and simply use this manipulated...

Based on Time and Price action I am seeing, I am expecting the next Intermediate Cycle Low (ICL) for gold and PM’s either in mid-May (this week or next?) or it could move into mid-June. Why the one month variation? That is about the time needed for one of gold’s...

Gold has arrived at the $1220 support zone. Note the position of the Stochastics oscillator at the bottom of the chart.  Significant rallies tend to begin from the current position. Since Indian dealer stocking for the Akha Teej festival peaked a few weeks ago, gold...

In the last 20 years, the U.S. stock market has undergone an alarming change that too few people are aware of or talking about. Between 1996 and 2016, the number of listed companies fell by half, from 7,300 to 3,600, according to a recent report by Credit Suisse. ...

The Fed and Central banks are manipulating the gold and silver price because they are horrified that the biggest global BANK RUN in history will take down the entire system.  Unfortunately, a lot of investors are still being misled about the fundamentals of precious...

Just over a week ago I wrote an article highlighting that the Bank of England has begun publishing monthly data on the total quantity of gold bars held within the Bank of England vaults in London. See “Bank of England releases new data on its gold vault holdings”....

This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question. Which Interest Rate Will Be Higher?

At the start of the second quarter, the eurozone’s manufacturing sector grew at its fastest pace in six years, climbing from 56.2 in March to 56.7 in April and marking the eighth straight month of expansion. Of the eight eurozone countries that IHS Markit surveys,...

Evidence is mounting that the Deep State (DS) is starting to lose the dirtiest financial war in history: their War on Gold. More deeply, it is a war against something the Deep State profoundly loathes: personal financial liberty. The War on Gold, which has raged for...

The gold bugs and gold experts must be going through hell; almost seven years later and the gold markets refuse to follow the path these individuals have laid out for it. Proclamation after proclamation has failed, and the detested dollar much to their angst and...

Uncertainty in Europe increased demand for gold investment products in the first quarter of the year, according to the World Gold Council’s Gold Demand Trends Q1, 2017 report. Across the globe a mixture of festivities and renewed safe haven buying saw demand for...

The Bank of Japan is once again pushing deflation into the financial system by aggressively devaluing the Yen against the $USD. This is the famed Yen carry trade. And it is being done to rig stocks. You can see the CLEAR inverse relationship here in the chart below...

Let’s start with the April employment report issued by the Labor Department Friday, May 5th. The Bureau of Labor Statistics announced that the U.S. economy created 211,000 non-farm payroll jobs in April. However, this is a gross exaggeration as the BLS CES Birth/...

My gut and the research I've put together suggests that we are about to undergo a frenzy sell-off, something that will cause some gold investors (who have too much of their net worth weighting in gold-related stocks) to feel like puking, but for those who prepare, I...

Getting to B took a while, but it looks as if we are finally there with just a little more upside action to make it perfect.  Don’t let the recent strength fool you.  If this is the top of the B-wave, the ideal top should come around 2410.  Much beyond that and it’s...

'Twas four weeks and forever ago (gold then at 1256) when our technical awareness first perked up for gold to move down, Silver then primed to start slipping as copper was already letting go. But per the above panel if you count back four gold dots (weeks), you'll...

The largest silver ETF SLV was down 14 consecutive days, the longest losing streak in its history. Both gold and silver speculators significantly cut their net long positions.

One can see from Rambus’ charts (below) that it appears PM stocks are still early on in the decline process.  I would agree, but of course stocks don’t move in a straight uninterrupted line. 

Markets continue to show some mixed action with Nasdaq leading on the back of not too many stocks making big moves. The S&P500 looks great with a cup and handle pattern…as stocks are starting to come around after a nice rest to complete new buy patterns.