Gold Editorials & Commentary

Gold Miners (GDX) may be forming a head and shoulder bottom. The FOMC left rates unchanged - the stock market is rebounding. If the Fed is done hiking, gold may be heading to a November breakout.

The gold miners’ stocks are lagging gold’s strong young upleg, their gains falling behind.  Their striking performance gap is undermining gold-stock sentiment, leaving traders even warier of this sector.  While definitely vexing, this anomaly has only arisen over...

Here are today's videos and charts.

Should you buy gold now? Or, should you wait? The pat answer is “it all depends”; which is true, but, it’s an inadequate answer. A bigger problem might be the question itself. Why would someone who is planning to buy gold now decide to wait?

The New York Federal Reserve said on Tuesday, September 5, 2023, that the estimate for the neutral rate for Q2 has eased to 0.57 percent from 0.68 percent in Q1. Analysts typically translate that rate into a real-world setting by adding the neutral rate to the Fed’s...

This article discusses one diverse component of the broad global markets; the US S&P 500. The market has some poor underpinnings that we routinely keep track of in NFTRH and are beyond the scope of this public article. Also beyond the scope are macro risk...

Amazing what a week or two can do! Literally a few trading days since Oct 6th, it was “Here we go again! Another day of losses!” as if we had suffered through a daily beatdown of epic proportions for months. (It was 2 weeks and a 10% loss on GDX by the way....

Alan Blinder thinks American households and workers have never had it so good. But because they’re trusting their lying eyes instead of experts like him, they’re disgruntled about the economy. Why don’t the hoi polloi appreciate that “unemployment is near record...

The latest central bank gold purchase figures are out, and they show that central banks just set a record for the amount of gold they've purchased over the first 3 quarters of a year.

Gold closed October at $1994, failing to close above monthly resistance at $2000. Monthly and quarterly resistance remain at $2000, while yearly resistance remains at $1900. Should Gold close at $2010 or higher on December 31 then it will make a new yearly,...

As the US (and foreign) deficits and debt-loads continue to surge to levels that were once unimaginable, the recognition of the value of precious metals as an asset class is increasing at an accelerating rate.

The average American investor holds a diversified portfolio of stocks… and their government holds a diversified portfolio of debt-funded wars. The horror in Gaza will likely become regional, but by then it may already be overshadowed by US neocon meddling in the...

Gold futures finally closed above $2,000, but if one is betting on the rally’s continuation, it’s too early to open that champagne.

The best performing precious metal for the week was palladium, up 1.78%. U.S. stocks are in their third monthly decline while underwhelming corporate earnings and yields climbing above 5% have investors pondering their choices.

Gold prices are flirting with all-time highs once again and investors are wondering if this time might be different. Perhaps gold (and silver) can finally break out of the range where they have been mired over the past 3-½ years?

Gold faces monthly resistance at $2000 and $2010 and weekly resistance at $2025 to $2030. As we recorded, Gold was trading around $2013 with two days left in the month.

Oil has traded stronger on the threat of supply interruptions in the geopolitically sensitive Middle East (the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq). Sean Lusk, co-director of commercial hedging at Walsh Trading, told Kitco News he sees gold...

Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind.

Although my technical forecasts have generally been accurate, occasional guesses about when the sky would fall have consistently underimagined the height of bullish folly. Since yet another October looks likely to pass without a stock-market crash, perhaps it’s a...

Greg Weldon analyzes current macroeconomic landscape and potential developments in the near future and what is driving Gold towards a breakout. He also discusses Silver, the Gold/Silver ratio, the stock market and finally, implications of a bond bear market.

Chris Vermeulen, Chief Market Strategist at The Technical Traders, returns to the show, and we delve into the recent gold and silver moves. As rates rise, the stock market faces challenges due to shifting investor preferences for higher returns in safer assets.

It's getting close to pandemonium in the Middle East as the United States has just bombed Syria "in self defense" of its armed forces, which happen to be stationed in Syria for entirely peaceful reasons.

Stocks are moving down into an intermediate decline. I've tried to prevent people from doing what their emotions want to make them do, and that generally means that people want to buy at tops because the market has gone up for a long time and they've become very ...

In yesterday’s article THE STATE OF THE WORLD we looked at the complex geopolitics of the world as it spirals into World War 3. This was necessary as we have to take these trends into consideration when attempting to determine the outlook for Precious Metals’ prices...

Sadly as the Mid-East mayhem continues, the safe-haven bid has further fed into the price of Gold toward settling yesterday (Friday) at 2016, the highest weekly close since 05 May.

Well, if you believe the reporting coming out of the mainstream financial media, then the economy is going gangbusters. Third quarter GDP came in on Thursday at a better than expected 4.9%. That represents an acceleration of economic growth, at least officially,...

The current downtrend in the Dow Jones began on August 7th, and for the past two, almost three months it’s been all downhill. Not an avalanche, but so far, a relentless deflation in valuation that has now taken the Dow Jones below its BEV -11% line at the close of...

According to the U.S. Treasury, year-end data from September 2023 show that the deficit for the full year 2023 was $1.7 trillion, $320 billion higher than the prior year’s deficit. As a percentage of GDP, the deficit was 6.3%, an increase from 5.4% in FY 2022.

Trend is UP for gold. A bottoming pattern in progress. In recent years, gold stocks have a tendency to bottom in the summer/fall time frame.

Gold has been consolidating below $2080 for over three years. Prices are above the trendline, and we could see a breakout in November. The price action over the next 2 weeks is crucial. Here’s what I’m watching.