Gold Editorials & Commentary

Featured is a chart that compares the EURO to the US dollar.  When the trend is rising, it means the Euro is stronger than the US dollar and vice versa.  History tells us that gold has a tail wind when the trend here is upward bound, and a head-wind when the trend...

For the last five years, crude oil has been behaving a little differently than it has in the past. At least that’s the takeaway from the chart below, based on the Moore Research Center’s analysis of oil’s seasonal trading patterns. Note that the index on the left...

The $USD/Yen prop is now actively being pulled. For two weeks straight “somebody” was pinning stocks by ramping the $USD/ Yen pair. You can see the tight correlation between the two in the chart below.

Cyber wars are a bigger threat to humanity than nuclear weapons, the world’s richest and most famous investor Warren Buffett, presciently warned a few days ago.

Here at the outset, I want to share with you an interesting observation we made last week of gold’s seasonal trading pattern. As you can see in the chart below, based on data provided by Moore Research Center, the five-year pattern, represented by the orange line,...

Former Fed Chairman Ben Bernanke’s book titled “The Courage to Act” is now available in paperback. This isn’t a surprise because, after all, his proclivity to print paper encompasses the totality of what his courage to act was all about. The errors in logic made in...

On May 7, Marine Le Pen's defeat in France's presidential election secured an integrated EU and had many investors breathing a sigh of relief. Had the election gone her way, French workers could have seen the devaluation of their euro-denominated pensions if Le Pen...

–Cyberattacks expected to spread today in “second phase” –UK intelligence says scale of threat significant. –Microsoft slams NSA for letting hacking tools cause global malware epidemic. –Ransomware attack already crippled more than 200,000 computers in 150 countries...

Market Overview: “SPX is poised to reach the high of the B-wave, perhaps by making it to the 2410 alternate projection…” In fact, the high of the move came last Monday, falling short of 2410 by six points.  Whether or not this is the top of the B-wave remains to be...

Welcome to another weekend. The time is ticking by! And these price structures are developing slowly, but nicely all the same. Let’s dig into it! EURUSD has traced out a possible five waves to the downside this week. The price broke support at 1.0850 for a brief...

1231, 1211, 1190. Those are the three gold levels we offered a week ago as to how low price may go in its present down-flow. We'd already just eclipsed the 1231 level in settling last week at 1228. Then as the above panel shows in settling this week yesterday (...

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,...