Gold Editorials & Commentary

In anticipation of higher US rates and lower rates elsewhere, the greenback had enjoyed a dramatic rally. Has the tide turned, or is the dollar merely taking a breather? We believe there are threats and opportunities hidden underneath recent market action. Below is...

I could have titled this piece "The Inevitable" or "It's not a matter of if, but when" but I have another thought in mind and want to look at Greece from another angle. Yes, either of those two titles would have sufficed because a Greek default is inevitable and...

As I described in Part 1 and what I can’t emphasize enough is that we are witnessing that the extreme low interest rates are sustaining companies that otherwise would have gone out of business whose production is adding to the oversupply in the market.

Last week we looked at how the US$ gold price performs around FOMC meetings, with a focus on the trading week leading up to the FOMC Announcement day. This week we have done the same with regard to the monthly US employment report. Here's what we found:

Chinese ambitions to become the world’s leading gold trading hub and international financial hub have taken another step forward. Trials were quietly conducted to launch a yuan-backed gold pricing benchmark last month, according to Reuters today.

In a financial world of contradictions, chaos, and confusion, perhaps a “gold-centric” perspective will provide clarity. The media is filled with comments from notable “gold-bashers” such as Benjamin Bernanke, Warren Buffett, and Bill Gates. Their criticisms of...

It smells like crunch time to me, the markets have flattened or begun to even roll over on continuously decreasing volume. The economy has also turned down all over the world including in China. Europe is contracting, Britain has finally figured out their finances...

Over the past decade or so, "transparency" has become one of the buzzwords that has guided the Federal Reserve's culture. The word was meant to convey the belief that central banking was best done for all to see in the full light of day, not in the murky back rooms...

A fair-weather friend is someone who is pleasant and profitable, but who will turn against you or walk away at the first sign of trouble. We might all know someone who is a bit like that in our circle of friends, but as serious investors know that analogy is not an...

Last weekend, I was looking for a bottom in the metals, to be followed by an imminent strong rally. Well, the market did not disappoint us in that expectation. However, it did surprise me with the depth of the pullback we experienced at the end of the week. And,...

The S&P Global 1200 index gave a significant sell signal today. Charting is viewed by some as tea leaf reading. However, over several decades it has been demonstrated as an objectively useful tool to strategic thinkers who attempt to monitor the health of the...

A few weeks back I thought about writing an article on "honest weights and measures" and why they are important. There has been so much news recently, I almost forgot it as a topic. A funny thing happened since then. Last week while in church during the sermon,...

We have made no change to our longer term view that wave a of our wave 4 triangle ended at $1130.40 -- and that we are now rallying in our first (a), (b), (c) pattern of wave b. Wave (a) still ended at $1307.80, and within our wave (b) triangle, wave -a- ended at $...

The price movement of gold and silver bullion continues to disappoint both the bulls and bears. “Key” upside and downside breakouts are followed by more sideways action. It’s not just gold and silver that are acting like slugs in the mud. Bill Gross has just echoed...

Hold Precious Metals as Banks try to criminalize the use of Cash in their latest act of Financial Repression. During the month of April, gold prices were range bound between $1180 and ounce and $1215 an ounce with much of the transactions being set at around the $...

Gillian Tett, markets and finance commentator and an Assistant Editor and former U.S. Managing Editor of the Financial Times, wrote an important and little noticed article last week questioning complacency on the part of European policy makers regarding a Greek...

The swing factor in world demand for goods and commodities, China, is clearly falling away hence the huge inventories and lower prices and worldwide deflation! Whilst the Central Banks are trying to fulfill the roles the governments should fulfill through...

In order to comprehend why the long-term outlook for gold (and silver) is so positive, you only have to understand that global debt and balance sheets are set to expand indefinitely. The controllers of the system had the chance to demand that the books be balanced...

Gold ended last week on a flat note having fallen below US$1,180/oz with better than expected jobless data out of the US pushing gold lower. It was a surprise to the markets to finally see positive data from the US, of late the majority of key data has been coming...

The technical condition of the SPX500 strongly suggests that it is ready to start a correction of intermediate proportion. A decisive price decline below 2073 would be the first inkling that this is taking place, especially if it is followed by a move below 2039....

Stock markets in the US are trading approximately 2% from their all-time highs, the German DAX has slightly retraced from its all-time highs, the Nikkei index in Japan has almost surpassed its 2000 highs in recent days, the Shanghai stock index used to be a laggard...

Markets continued to be very choppy over the past week…but they are holding key support levels still. Until we break above or below key levels, a high cash position should be best. I’ve been mostly cash except for a few small trades the past two weeks. I have no...

The economy will show clear signs of weakness in the months ahead, supporting gold. A reassessment of economic prospects and Fed policy in the weeks and months ahead could be just the turn of events that will support a springtime recovery in the price of gold,...

If one is happy to take GFMS figures as providing a consistent ranking on global gold demand figures (although some would dispute them) we should be able to rest the argument as to which country – China or India – was the world’s No. 1 gold consumer last year and,...

Gold lost 2½ points for the week. Boring? Hardly. And thereto, we give a most deserved tip of the cap to Captain Endicott, who a week ago advised us to return to our seats and buckle up as turbulence aboard Gold's flight was imminent.

To become part of the IMF’s SDR basket, China will almost certainly have to unpeg its currency from the US dollar. A massive increase in its gold reserve may be an integral part of this process.

Last time I wrote, I was expecting the stock market to fill the gap left on the SPX near 2081-82 by Friday last week. That was accomplished on Thursday when the SPX fell to 2077. What I saw on my indicators showed more a lack of buying then true selling and it also...

Gold sector is on major sell signal. Cycle is up and a corrective bounce is in progress. COT data is not supportive for overall higher prices. Silver is on a long term sell signal and investors should be in cash or short.
SLV is on a short term buy signal and...

Today is May Day, the international day of workers celebrated by most communist and deeply socialist nations. To be sure, Obama should come out of the closet with admission of not only his Muslim roots but his Marxist roots. By now, he could have easily promoted the...

China is thought to be the great growth story of the post-2008 era. China’s economy not only bottomed before the developed world, but by most accounts, China was thought to be the engine that pulled the world out of recession, thanks to its near-clocklike hitting of...