Gold Editorials & Commentary

Some more of the same choppy, confusing action from many stocks with the S&P500 and Russell2000 holding up well. However, the Nasdaq is struggling on the backs of the leading large stocks/FAANG, since they are so heavily weighted within the Nasdaq Index.

Gold has closed below its intermediate uptrend line. This is the first confirmation that a larger intermediate degree decline has begun. However, the dollar should be in an all out panic next week as the bloodbath phase reaches a climax, 

One thing certain of all politicians, no matter where in the world, they all lie.  The US federal government, that captive political body beholding to Wall Street interests, also a subsidiary of the international bankers that controls the West and all fiat-issued...

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

Let’s establish three facts up front. One, the volume of contracts traded was not “millions” (as at least one conspiracy theorist is claiming). During the 1-minute window when the price of gold dropped from $1,254.10 to a low of $1,236.50 and recovered to $1,247, 18...

We often hear about ‘peak gold’, i.e. the maximum level of the global production of the yellow metal. According to some analysts, the gold supply already peaked in 2016 or it is likely to peak very soon, offering hope for gold bulls. We do not agree with them. The...

The US stock markets have enjoyed an extraordinary surge this year, shattering all kinds of records.  It’s been fueled by hopes for big tax cuts soon from Trump’s Republican government.  But such relentless rallying has catapulted complacency, euphoria, and...

– America’s underfunded pension system is “not a distant concern but a system already in crisis”… – Tax may explode as governments seek to bail out insolvent pension plans. – Illinois, California, New Jersey, Connecticut, Massachusetts, Kentucky and eight other...

This monthly series analyses recent developments in the world’s largest physical gold markets such as India, China, Russia and Switzerland and features charts as diverse as Swiss gold imports and exports, Russian Federation gold reserves, Shanghai Gold Exchange...

When people think of San Francisco, they might think of the Golden Gate Bridge, cable cars, Chinatown, the 49ers or Giants. I’m a fan of all of those things, but what usually comes to mind when I think of San Francisco is Silicon Valley, the world’s premiere hub for...

Since 2007, the world has packed on a truly staggering amount of Debt.  That year (2007) is now commonly referred to as a debt bubble. At that time, global debt was $149 trillion. Today, 10 years later, it stands at $217 trillion.

Is the London property market heading for tough times? The most recent housing figures and a new Bank of England report suggest it may well be.

US Global Investors, a San Antonio, Texas-based investment adviser, today launched the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE Arca: GOAU). GOAU is a smart factor, passively managed fund that is designed to track the U.S. Global GO GOLD and Precious...

Shrinkflation: no one left untouched. 600 new words entered our official lexicon this week as the Oxford English Dictionary announced the latest new additions to their online records.

I have lots of “PiMBEEB,” or Precious-Metal-bullish, everything-else-bearish, topics to discuss – to the point that I could easily pen three or four articles.  And trust me, I could easily do so; as in my quest, and the Miles Franklin Blog’s in general, to...

Japan has found a way to write off its national debt without creating inflation. We could do that too. Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it,...

There’s an advantage to being well-connected in an industry: you can sometimes be among the first to spot a change in trend. And that appears to be exactly what’s happening in the gold industry.

Recently, gold suffered a dramatic sell-off in just a few seconds.  More than 15,000 contracts quickly changed hands on the COMEX. This caught most investors by surprise.  That’s because they don’t follow the physical market meticulously. 

As the Mainstream financial media continues to promote the biggest market bubble in history, only a small fraction of investors are prepared for the disaster when it finally POPS.  The markets are so insane today, it seems as if fundamentals don’t matter anymore. ...

One year ago, British voters cast their ballots in favor of leaving the 28-member European Union, defying multiple opinion polls leading up to the Brexit referendum that said the “remain” camp would notch a narrow victory.

In recent day and weeks, I have slowly moved to the starboard side of the "Vessel of Public Opinion" where most seasoned veterans (aka "old guys") usually wind up; that is to say that I am now officially "cynical" when it comes to the world of investing.

The research for this moment started well before last week. It goes back to May 3, when I obtained the estimated number of shares to be liquidated by the GDXJ ETF (VanEck Vectors Junior Gold Miners ETF) on a per-company basis by June 16. What this scramble for ...

– Gold bounces higher after “mysterious” one minute “flash crash” mistake. – $2 billion, 50 tons or 1.8 million ounces “fat finger” trade blamed. – Massive selling at 0400 EST when U.S. markets closed and thin trading amid holidays in Muslim countries including...

Steve Saville wrote a post this week, in which he proposed a model that indicates the fundamentals of gold.

The best performing precious metal for the week was gold, up 0.25 percent. In the weekly survey of gold traders, Bloomberg reports the majority are bullish, for the first time in three weeks. The gold price has recovered from a one-month low.

Sound money advocates rejoiced as Governor John Bel Edwards signed House Bill 396 into law in recent days. HB 396, which passed in the Louisiana state house and senate earlier this month by overwhelming majorities, removes state sales taxation of precious metals,...

The market has been sending “topping” signals for weeks now. They include: Fewer and fewer companies participating in the rally. High yield credit, which leads stocks, rolling over. Weakening momentum. Dwindling volume. Market leaders (the big 5 Tech) beginning to...

Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we...

Structure suggests that SPX is near a correction, but could still make a slightly higher high if it can get past 2442.  A move below 2430 should lead to a re-test of the 2416-20 support, at a minimum.

Gold speculators closed nearly 50,000 long contracts last week, which was one of the largest speculative sell-offs of the year. Despite this drop in longs, gold moved very little on the week. Normally that would be bullish news, but weak demand in Asia and a hawkish...