Gold Editorials & Commentary

What Keynes would think of today’s “Neo-Keynesians” Unlike his acolytes, he understood the value of gold and the dangers of currency debasement

'Plunging' Group Metals: This was a tongue-in-cheek description of platinum group metals in a recent overview of PGM supply, demand and pricing by Macquarie analysts. Clearly it’s apt. The PGMs have performed miserably in the past year. Platinum, worst in class, is...

Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.

Last week the theme was that – just like a pressure cooker with the relief valve tied down – mounting pressure in the markets were closing up to the red line where an explosion becomes imminent. While it is impossible to name the exact day when it could happen,...

The stock market is rapidly running out of props. First off, corporate sales and profits are rolling over. As Charlie Bilello recently noted, we’ve had two straight quarters of Year over Year drops in corporate revenues.

Silver was the best performing precious metal last week, up 3.9 percent. It outperformed gold for the week on the back of increased offtake by industrial users and coin makers. Confidence in gold as a safe-haven asset returned following dollar weakness after the...

As mentioned in an earlier post this morning, the TRIPLE THREE safe havens, the Yen, Bonds and Gold, are all getting a boost in today’s session with the Bonds being the stand out performer as can be expected.

The prices of the metals moved up a bunch this week, with gold + $32 and silver +$0.55. We have seen some discussion of gold backwardation in the context of scarcity, and hence setting expectations of higher prices. That’s good, as the swings from contango to...

There are quite a number of ‘standard’ chart patterns that have been recognised as such since the early years of Technical Analysis -- and there are probably no TA practitioners who do not accept their existence and with near consensus on how the patterns should be...

Markets didn’t do much this past week until the Federal Reserve failed to raise rates. Consequently, we saw stocks rise and fall and rise and fall until Friday…when they just fell late Friday.

SPX looks as if it made a classic counter-trend rally top on Thursday -- and confirmed the reversal with additional weakness on Friday. I still believe that whatever corrective pattern it made, it was the mid-point of a measured move which, if it is completely...

Long time readers of The Gold Update know that our microphones are just about everywhere, the latest instance being at Mission Control in Houston this past Thursday in concert with the Federal Open Market Committee's policy decision as regards the Federal Reserve...

Janet Yellen may not have raised interest rates this week, but Mr Bear couldn’t care less. We can see it in the market. In bull markets double-digit declines from an all-time high are reasons to buy. But EARLY in bear markets, recoveries from double digit...

The market didn’t waste any time “getting on with it” yesterday after the bearish action on the day of the Fed announcement. It fell, and hard. We are going to look at this carefully because what appears to be starting is a devastating “end run around the line”...

Last week, I predicted an important top for September 17 based on astrology. While I thought it would be a lower top, nonetheless, it was an important top caused by the FED: and as predicted, I said that they would not raise rates, but they did place something in...

To almost all Americans mentioning Ufa will bring a blank response. What is Ufa? None would ask, “Where is it?” for there has been no mention of it anywhere in the mainstream media. Does Ufa matter? Yes, but in this country it does not.

Gold sector is on major sell signal. Cycle is up. Looking for a tradable bounce lasting a few weeks.Silver is on a long term sell signal and investors should be in cash or short. Short term is on buy signal and traders can play for a corrective bounce.

Gold and silver prices both rallied today after the FED decided to leave interest rates unchanged. The rally faded into the late afternoon, but gold still ended up $15 or 1.2% and silver climbed $0.25 or 1.6%. They ended the day at $1,130 and $15.11, respectively....

As we know, Gold and gold mining stocks have been trapped in a bear market that has been severe in both price and duration. It is seemingly a “forever” bear market as rebounds and recoveries have been followed by lower prices and more devastation.

Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that it’s best to...

The overleveraging of the U.S. federal, state, and local governments, some corporations, and consumers is well known. This has long been the case, and most people are bored by the topic. If debt is a problem, it has been manageable for so long that it no longer...

From its headquarters at York Factory on Hudson Bay, the Hudson's Bay Company (HBC) controlled the fur trade throughout much of North America for several centuries. Gold discoveries were not reported – it was good policy (as we shall see), on the part of Hudson’s...

Yesterday's article "Is YOUR 'pool' full?" drew many responses and much to my surprise a reply from Bron Suchecki himself! I must say, even though I disagree with some of his writings, Mr. Suchecki is a class act and true gentleman.

Yesterday’s Fed decision was one of the most anticipated ever, with much potential to really change the global financial-market dynamics going forward. But thanks to the Fed’s incredible market distortions of recent years, Fed meetings spawning exceptional...

Demand for physical gold and silver in August and September has been exceptionally strong as investors seek a safe-haven from market turmoil, as the global economy slows down and as it becomes clear that the Federal Reserve and central banks generally are slowly...

New York closed yesterday with the gold price at $1,119.70 up from $1,105.50. Gold then rose in Asia to $1,121.00. In the euro this was €991.16 up €11.11. This morning the dollar index started the day at 95.26, slightly lower than the 95.59 of yesterday.

Commodities and Emerging Markets have been crushed over the past 15 months by the dollar’s strong rally. It therefore follows that if the dollar starts down again, they are going to rally, and this will happen regardless of the state of economies.

The Federal Reserve guessing game ended Thursday after the FOMC made its decision on interest rate policy. The Fed left rates unchanged in a tip of the hat to investors who felt the economy was vulnerable to overseas weakness. This was what most on Wall Street...

We think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our taxes. While it is undoubtedly true that gold is...

Given the emerging realisation that the Chinese Emperor has no clothes, and given the lacklustre performance of the Japanese, French and UK markets, and given that Germany’s economy is heavily dependent on exports, where will the growth come from?