Gold Editorials & Commentary

This is an exciting time for gold. After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016.

During the last two weeks gold has been quite volatile moving between $1,191 and $1,252 without being able to establish a clear trend. So far the consolidation below the recent top at $1,263 has a bullish taste but gold needs to break out above $1,250 very soon...

No doubt the financial and economic stresses are building. Without even looking at the various and very weak economic reports, talk of and implementation of "negative interest rates" should tell you all you need to know. We looked at this last G-20 meeting as a...

The Financial Times recently looked at how the new bail-in resolutions in the EU, U.S. and most of the western world and asked whether they may be leading to “bank turmoil” and increased concerns about banks and the banking sector in the EU. As is typically the case...

Zero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and in the user comments section, is that CBS is committing criminal fraud. Or, if not, then it’s a conspiracy...

Gold is currently trading in excess of $1200 an ounce. This is well above the 1980 all-time high. However, this is an incomplete representation of what gold is trading at relative to US dollars. When you look at the gold price relative to US currency in existence,...

The following discussion sheds some light on the recent Gold breakout as seen in GoldHeart Waves.

Gold reached a high of 1249.30, at the time that this Post was being written, which is about our target for the end of wave $d$. We suggested in yesterday’s Posts that a run to the 1248.00 area seemed reasonable for a possible end to wave $d$.

The good news for gold continues to flow like water pouring over Niagara Falls. The SPDR gold fund has seen strong tonnage inflows in 2016…with the fund now holding 777 tons of gold. The buy-side fun isn’t limited to gold bars. In America, gold coin sales are...

The charts below were sent out to my subscribers last night. The SPX is in a bearish rising wedge formation -- and it looks like a top may be made on March 2cd….and near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a...

Gold bullion rose 10.1% in February adding to the 7% gains seen in January. This means that gold is the best performing asset this year, up 17% so far in 2016. Silver is the next best performing asset with an 8% gain year to date, followed by US Treasuries (30 Year...

Ahhhh, the Ides of March. This is a time when stock market participants get the heebie-jeebies and it is my expectation that the first part of the month will play into this superstitious claptrap. However, once an expected higher low is in place, then a big move to...

The advance of gold continues as the price action stays above the two year weekly channel that was breached for the first time a few weeks back. When this kind of event happens, technical analysts wait and see if what was formerly a line of price resistance becomes...

The downtrend that has dominated this sector for the last three years has been broken by gold’s sudden and almost vertical rise from its recent lows.

Throughout this bull-run, a plethora of reasons has been laid out to indicate why this bull should have ended years ago. Mind you most of those reasons are valid, but that is where the bucket stops. Being right does not equate to making money on Wall Street. In fact...

The first part of 2016 kicked off with strong moves in just about all the markets. In some cases, like gold and silver, the moves were mostly sustained, seemingly as a new trend in the PMs. Others, like the DJIA and the yield on the 10-year Treasury, were also...

Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof. The first two months of business at USAGOLD were reminiscent of the 2009 run to gold.

Even though Gold did not continue higher this week, sentiment still seems to be dangerously elevated. Talk of $2,000 Gold and a new bull market has become common, and Gold seems ripe for a fall, at least in the short term. Don’t misinterpret my point – I see the...

The best performing precious metal for the week was gold, by a significant margin. Gold experienced its first “golden cross” in two years, as the 50-day moving average moved above the 200-day. This week Georgette Boele from ABN Amro, who switched her gold outlook...

While gold is correcting by consolidating sideways, silver is delivering a recognizable move into a daily cycle low. As usual, retail traders are getting bearish when they should be getting bullish.

The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in the price of gold, which barely budged this week. It was due entirely to silver being repriced 66 cents lower.

In the latest Gold and Silver Market updates, posted last weekend, the view was expressed that an intermediate top was forming gold and silver, not a bull Flag as some were suggesting. Furthermore, the latest COT data not only confirms this view, but suggests that a...

My analysis suggests that the SPX counter-trend rally, which started at 1810 on 2/11 has run its course and risk is increasing that the next intermediate phase of the larger correction is about to start, probably as soon as another short wave up has occurred to...

The bulls made some progress this past week. But they have a lot to prove before we can believe the bull market in stocks has resumed. Just look at all the BEV Zeros below (new all-time highs) from January 2013 to May 2015; that’s what an actual bull market looks...

With but one trading day left in February, we're nonetheless styling this week's Gold Update as our typical month-end edition: it thus features the year-to-date BEGOS Markets Standings, year-over-year comparisons of Gold vs. selected key equities brethren, and our...

Crude Oil prices broke down from $100+ about a year and a half ago. Since then, there has been minimal fallout in the US oil patch, mostly due both to price guarantees built into many contracts and to the availability of loan money.

Just a short comment on a VERY BIG problem! The below chart shows “margin” balance on the NYSE with an inverted chart of the S&P500 laid over it.

Gold sector is on major sell signal. Cycle is up. Once a bull market is confirmed, we will be buying/accumulating at cycle bottoms, as we did beginning in 2001.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell...

Last week we noted that the odds favored more upside in precious metals before a larger correction would begin. While that view remains on track, we want to note the renewed strength in the US Dollar which could provide immediate resistance to higher levels in Gold...

We often state that the market is replete with logic, even for those who do not know how or do not like to look at charts to explain the markets. Charts that explain developing market activity have been superior to all fundamental analysis over the last several...