Gold Editorials & Commentary

We are now wrapping up one of the stronger summers in memory at USAGOLD. Moreover, we are now heading into the strongest time of year seasonally for gold and silver – i.e. September through February. Normally the summer months are the quiet part of the year, but...

Mark O’Byrne, Research Director of GoldCore, was interviewed by Max Keiser about the arrival of negative interest rates in Ireland and Germany, the risk of bail-ins, the return of a rental and property bubble in Dublin, the Irish and global debt bubble and why...

After coming into this past week still expecting the GDX to test a bit lower towards our 28.50-29 region support level, we clearly tested that region. However, the market did not pass that test. With the market breaking down below our support region in the GDX this...

I’m going to use the GDX as a proxy for the rest of the PM stock indexes. I can now say with a fair amount of confidence that the first consolidation phase is taking place. Let’s start with just a simple daily chart for the GDX, which is showing a small unbalanced...

The nation’s pre-eminent central planners just held their annual gathering at an exclusive resort just outside Jackson Hole, Wyoming. They discussed how to interfere even more deeply in markets. In a speech entitled “The Federal Reserve’s Monetary Policy Toolkit:...

At the current pace of Quantitative Easing, Japan’s central bank is buying so many bonds that it now has about 24 months left before there are no more bonds left to buy. The BOJ is buying close to $800 billion (USD) of bonds annually. The bank’s QE program is truly...

The Congressional Budget Office (CBO) estimates the total deficit for fiscal 2016 will be $590 billion. This is $152 billion (34%) greater than the shortfall posted in fiscal year 2015. And by 2026 the deficit would be considerably larger as a share of the nation’s...

As many of you know, I was born in Canada but moved to the great State of Texas 26 years ago when I bought a controlling stake in U.S. Global Investors. As a “Tex-Can,” I’m so proud of my adoptive state and grateful for all that it’s done to help our company...

For most of the world, the past decade’s monetary and fiscal experiments are viewed as failures. See, for instance, French support for the EU project crumbling on both left and right and Why were smart people suckered by Abenomics?

At what point in History does humanity find itself? Where are we? In the course of the past centuries, the study of the physical sciences, born in the 16th Century when the Englishman Francis Bacon established the "Scientific Method", has had such enormous success...

The current economic landscape is changing by the day…and rarely for the better. This is from the standpoint of the middle and lower classes. As negative rates become increasingly part of the new normal, more depositors are swept up by the creeping confiscation of...

It is my privilege now to be joined by Michael Pento, president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the US Debt Market. Michael is a money manager who ascribes to the Austrian...

Here is the recent correction in the gold market, subsequent to the moves by bullion banks. I have been writing these missives since mid-1986, when I was able to hide under the cloth of "client service" rather than "investment research" because the management of...

We’ve finally reached late August, meaning your Facebook newsfeed is probably brimming with children and teenagers sporting brand new sneakers and backpacks in preparation for their first day of school. Maybe one or two of your young ones are heading back this week...

The best performing precious metal for the week was gold, down slightly by 1.47 percent. Current market conditions make it the perfect time to invest in gold, according to Heather Ferguson, an analyst at Hargreaves Landsown. “There is a fixed amount of this precious...

Pardon me if this article starts out a bit disjointed, as I accidentally erased the notes I took last night, amidst the 155th “Sunday Night Sentiment” attack of the past 161 weekends. And afterwards, the 689th “2:15 AM” raid of the past 793 trading days, which I...

The dollar exchange rates of the metals fell this week…with that of silver falling more. Friday’s trading action was notable, because at first markets (including the US stock market) interpreted comments by Fed Chair Janet Yellen as “dovish”—i.e. low interest rates...

Idle rate-hike threats burbling from Yellen’s pie-hole on Friday generated a Whoopee Cushion rally in gold that signified absolutely nothing. Unfortunately however, the rally will likely have burned up some short-covering buying power that had kept the futures from...

Although gold is in what I would call a lateral holding pattern, the latest action is not all that encouraging. Gold and silver stocks are something else. They are most definitely weakening - and may be foretelling what gold and silver will do in the very near...

If the final trading day for 2016 had been last Friday, Gold having settled at 1324 would be (as presently 'tis) a gain of 24.8% for the year, the fifth best annual performance of the last four decades. Yet with over four months still to run in 2016, extrapolate...

The situation Americans face in the future will be nothing like anything they have experienced in the past. While we have seen old footage and heard stories about the Great Depression (starting in 1929), we have no idea how bad things really were during the 1930’s...

Following a recent keynote presentation at the Sprott Natural Resource Symposium, James G. Rickards, best-selling author and advisor to the US Department of Defense and Intelligence Communities, was kind enough to share a few comments with the Sprott’s Thoughts...

Wall Street was given a wake-up call toward the end of June when, after almost three months of dithering sideways, the DJIA fell by about 1000 points in just two days of trading. This steep fall seemed to confirm what Trump had been saying about the US economy – it...

Since July 8th the Dow Jones has seen only one day where it closed more than 1.50% from its last all-time high (Aug 2nd: -1.51%). Since then the Dow Jones has also seen nine new all-time highs, seven of them occurred in a string of days spanning from July 12th to...

Yellen seems to me to be mastering the art of saying things so that everyone can come away hearing what they wanted to hear. For those concerned about the Fed leaving interest rates too low for too long, she adopted a hawkish view on the economy, particularly when...

Investors worldwide have been on pins and needles in eager anticipation of a speech from our economic overlords. Friday morning FED chair Yellen finally opened her mouth and said a whole lot of nothing.

Recently, we analyzed briefly the consequences of Brexit vote. We stated that “the most important economic effect of the Brexit vote is so far a significant rise in uncertainty”. It applies particularly to the political future of Great Britain (Will the UK...

Gold sector is on a new major buy signal. Cycle is down. Investors stay patient and wait for the correction to complete, then cost average in at the next cycle bottom. Silver is on a long-term buy signal. Short-term is on sell signal. Silver is vulnerable to a multi...

Seven of the nine gold miners with market capitalizations over 10 billion Cad$ have generated TD Sequential 9 Sell Setups during this year's rally. The most common reaction is a correction back to the 20-month exponential moving average. Longer-term investors should...

Last week we projected 5% to 10% downside in the gold stocks. Well, not to butter my own bread but GDX and GDXJ both lost 9% on the week. That being said, I believed that the weakness would be limited and miners could rebound to new highs in September. While that...