Gold Editorials & Commentary

One aspect of the precious metals market today that I like is the Gold/Silver Ratio.  It appears to have topped, right along with the 2016 gold bottom, and for all gold bull followers out there this is certainly a welcomed development.  Precious metals bear markets...

David McWilliams, economist, writer and journalist, has warned that the coming French election may lead to the euro breaking up and that Ireland should have a ‘plan B’ and ‘print punts’ in order to be ready for the collapse of the “single currency.”

Today I would like to update the US dollar as its been testing critical support since breaking out from the nearly two year horizontal trading range in early November of last year. The daily line chart shows there was a nice clean backtest about a month later to the...

After Monday’s sharp drop, SPX held at an important short-term support level and rallied after the jobs report came out on Friday.  This move is essentially a test of the high, but it could expand into more distribution which could even see new...

Surprises In a bull market come to the upside. Hence, it’s never advisable to lose one’s core position. This rally isn’t going to top until sentiment gets excessively bullish. Right now sentiment is dead neutral. Consequently, it will take 5-10 more weeks before...

Sometimes we get lucky. Four weeks back when Gold's parabolic weekly trend flipped from Short to Long, we penned on 14 January "Gold Seeking 1240 on this Up Run". Done: Gold reached this past Wednesday as high as 1246 to hover up in the 1240s-glow for some 24 hours...

This week ended with the Dow Jones once again closing a new all-time high. Moreover as we see below, the Dow Jones and its step sum are forming a bull box.  I don’t take divergences in an index to its step sum seriously until they’ve aged for two months or so.  But...

Another great week for stocks. Just superb action as the bull market continues. The metals have been acting pretty strong as well. However, they did show weakness into the end of the week, which suggests to me more time and basing action is needed. Nonetheless,...

Gold sector is on a major buy signal and short-term is on buy signal. Cycle is up. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.

Here are today's videos and charts.

Buy high and sell low is the mantra of many stock market investors. When a stock or a market reaches a new high, the average investor turns even more bullish. That is also the point when the media talk about it and it becomes headline news. This is now the situation...

Gold stocks are on fire this year, powering higher in market-dominating performance.  This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased.  But this strong new upleg still remains young and small by historical...

Reflation is a fact, at least for a while. And it is not limited to the US, as it is a truly global phenomenon – since 2016, the rebound in economic activity has been seen both in the advanced and emerging markets (this is partially due to the flattening in deep...

Gold prices continued to shine this week reaching $1,244.70 per ounce and has posted gains in five of the last six weeks. This week it reached a new three-month high – it’s highest since the Trump win and has climbed over 6% this year, beating the gains made in the...

Just a quick update on the USD and Gold.  Today’s move by the USD finally seemed to put a pause in the relentless uptrend by Gold and the Miners.  I have the USD on day 6 now in what is very clearly a new short term Trading Cycle.

Central banks must be increasingly aware that critics of monetary policy are getting some traction in their arguments, that not only have monetary policies failed in their objectives, but they are creating counterproductive economic distortions as well. Chief among...

Our monetary unit is now a mere ‘digit’ in the computer screen, Mr. Trump. This ‘digit’ ($) floats and fluctuates against all the other ‘digit’ currencies on our planet continually. Are you aware of this reality, Mr. Trump? In addition to the ‘nature’ of our...

A long time ago and far, far away outlaws raided a village and stole food, gold and women. The angry villagers could do little to protect their village except pray to their gods. A large and fearsome dragon descended into the village square answering their prayers....

The inflation drumbeat has grown more insistent lately, stoked by Fed blather about raising rates to prevent the economy from overheating. Yeah, sure. I’m not buying any of it, particularly statistics that purport to show inflation even in Europe.  An epic deflation...

The carnage continues in the U.S. major oil industry as they sink further and further in the RED.  The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures.  The...

For the love of gold, (Don’t) put a ring on it, Is gold jewellery going out of fashion? You’ll never get what you paid for it, Devaluation: Synthetic diamonds, 3D Printing and Rise of the machines, Buy gold – No one has cracked alchemy, Give the gift of real gold –...

Over the years, I’ve written a number of articles regarding why I prefer physical gold and physical silver over bitcoin (BTC). I believe in monetary competition, however, and believe that different forms of money should be allowed to compete, because the best form...

Short positions continue to be justified as crude oil declined and came back to the previously-broken orange support line, which suggests that we'll likely see an invalidation of the breakout above it in the coming day(s). This scenario is also supported by the sell...

The US Dollar Index has fallen below the psychological 100 level, while 2-year and 10-year US Treasury yields remain above multi-year support levels. This is despite the Federal Open Market Committee keeping the Federal Funds rate steady at 0.75% on Feb 1, 2017.

If the road to hell is paved with good intentions, American’s exorbitant privilege might be at risk with broad implications for the U.S. dollar and investors’ portfolios. Let me explain.

Top earners have traditionally been attracted to municipal bonds for their tax-exempt status at the federal and often state and local levels. In the wake of President Donald Trump’s stunning upset victory, however, muni investors were forced to readjust their...

January was the worst month for European government bonds in history with all the bonds blowing out. TCW, the US asset manager that runs world’s largest actively managed bond fund, has eliminated its exposure to Eurozone bank debt over fears these lenders are “...

Russia’s massive and increasing gold bullion reserves are kept in tightly-guarded locations across Russia due to the fear of sanctions and the ‘unpredictability’ of Donald Trump according to The Sun and Russia Beyond The Headlines.

As the majority of the metals market seems to be awaiting a “pullback,” the metals market, like the equity market, has been quite stingy.  But, as I noted in my mid-week update, “by no means am I going to say that I “expect” more of a pullback to be seen, as the...

Yet another “unmassaged” data point has shown that the US economy is rolling over. If you’ve been reading me for a while you know that one of my biggest pet peeves is the fact that headline US economic data (GDP growth, unemployment, inflation, etc.) is massaged to...