Gold Editorials & Commentary

With the first round of the French elections over and a potential beginning of the end for the Eurozone might be within sight, this is only one of the macro-political events that are causing gold prices to be within 1% of shuttering its 10-year resistance level.

This week I will be in Washington, D.C., attending Evercore ISI’s Energy Policy & Geopolitics Conference, where I will be visiting senior staff from the White House infrastructure team and House Energy and Commerce Committee. I will also be meeting with John...

Last week spot gold closed at $1,284.77, down $3.11 per ounce, or 0.24 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week lower by 3.62 percent. Junior-tiered stocks outperformed seniors for the week, as the S&P/TSX Venture...

The gold sovereigns – semi-numismatic gold coins made up of both gold sovereigns and half gold sovereigns dating from the reigns of Victoria, Edward VII and George V – were discovered inside an old piano after it was donated to a school last year.

Many commentators like to speculate on where the dollar-denominated gold price is ultimately headed. Some claim that it is destined to reach $3,000/oz, others claim that it won’t top until it hits at least $5,000/oz, and some even forecast an eventual rise to as...

Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is...

This was also a holiday-shorted week. As we write this, the big news comes from the election in France. The leading candidate is a banker named Emmanuel Macron, with about 24% of the vote in a 4-candidate race. The anti-euro Marine Le Pen came in second with just...

SPX ended the week in a near-term neutral position as it probably awaits the result of the French election to decide on its next move.  Whatever it turns out to be, the intermediate correction is still in force, and lower prices are expected before it ends.

As seen in the Bear’s Eye View (BEV) chart below, the last all-time high for the Dow Jones Index happened on March 1st.  Since then however, it’s been slowly deflating.  The post-election run up in the Dow Jones (enclosed in the Red Circle) was an excellent advance...

Our last two weekly missives have highlighted gold's being technically "high" near-term, (yet fundamentally undervalued -- understatement -- in the broadest sense). And as the above panel shows, gold remains higher than where 'twas at this time a year ago (1236),...

Both speculation and open interests are expanding, positive for overall higher prices. Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.

If it’s not in May it will very likely be in June. When the Fed will finally be forced to be honest and admit that it is wrong on the economy and therefore will have to drop its tighter monetary policy with as consequence that precious metals assets will skyrocket....

The past few days illustrate an important event in the gold market that both beginning and accomplished investors should try to understand thoroughly. I say that because by such an understanding you will become a more educated, patient and successful gold owner.

Since the 2008 recession, US households have lost nearly $13 trillion. Nine years after the financial crisis, the Trump reflation rally is up nearly 10 percent and since his election, U.S. household net worth have climbed an astonishing $93 trillion, on subsidised ...

Since we just finished tax season, many first-time gold investors might wonder what to do about their precious metals holdings. How are they taxed, and are there any legal ways to lessen those taxes?

Here are today's videos and charts

As a general rule the most successful man in life is the man who has the best information. John Exter was an American economist and a member of the Board of Governors of the United States Federal Reserve System. Exter is known for creating Exter's Pyramid - useful...

Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal.  Investors have started aggressively buying gold again after record-high stock markets distracted them.  This gold upleg’s upside...

It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build.  The mainstream media jump aboard…and next thing you know you’ve got...

France holds the first round of its Presidential election this weekend. The big worry for the markets is the fact that anti-Euro candidate Marin Le Pen could potentially win. Now, the polls show Le Pen as having NO chance of becoming Prime Minister. 

The paper silver open interest on the Comex is at all-time highs.  The previous all-time high was 224k contracts when the price of silver was pushing $50 in 2011.  The current paper silver open interest is 229k contracts with the price of silver at $18.  At least...

A few days ago, I postulated that despite the seasonal weakness most were anticipating in May and despite the sharp increase in Commercial shorting that was still below 2016 levels, the precious metals would buck conventional wisdom and advance further into even...

On technical aspects, gold is at a five-month high and surged above its 200-day moving average for the first time since November 2016. For four months, we've been researching some of the most advanced strategies to own gold, as we want to store wealth, but also grow...

Trump is speaking… but the markets still don’t hear him. On January 17th 2017, the Wall Street Journal published an article in which Trump stated point-blank that the $USD is “too strong.”The US currency took note, falling over 1% that day bringing it to critical...

Gold has no counter-party risk in a 2008-style crash. The continual devaluation of the US dollar is inevitable. Gold will eventually return to its true historic role as money. The destruction of government balance sheets, continual devaluations, and the widespread...

Before we look at tonight’s charts I would like to thank Sir Plunger for putting on the short oil trade this week while I was recovering from surgery. You won’t find a more through and in depth look at oil than what Sir Plunger offered. And wouldn’t you know it his ...

David McWilliams has written an interesting article in which he puts forward the case that Trump is likely to turn on the “enemy within,” the Federal Reserve and bully them into “printing money.” He points out that this was seen in 1971 when Nixon bullied the Fed...

Looking to diversify your portfolio? Choose investments with a low correlation to stocks and bonds. Hard assets like oil, real estate, natural gas, and other commodities fit the bill. But seasoned investors usually go for physical precious metals.

With much of the price action in gold driven by sentiment and technical analysis, you should keep an eye on the broader trends, even if you consider yourself a buy-and-hold investor. Traders use technical analysis to predict future market moves based on recent price...

SPDR gold (GLD) shares are currently trading at $122.14 per share. On Thursday (13 April 2017), the price of precious metals rose sharply after US President Donald Trump took a swipe at the USD, saying that it was trading too strong. The US Dollar Index has...