Gold Editorials & Commentary

Last week, SPX tried to make a new high but was restricted by heavy resistance to only fractional gains which immediately attracted sellers. The daily and hourly indicators make it questionable that it will succeed in going much higher in the near future and it may...

A great week for markets and stocks, which are breaking out well…but not on super heavy volume quite yet. Perhaps soon we will see volume really accelerate on this breakout, which we do need for this to really give us the next month of very strong action.

Long time readers of The Gold Update have come to learn that our microphones are just about everywhere, even aboard Gold's ongoing flight at (what was) 1200. To wit: "Uhhh, ladies and gentlemen, this is Captain Endicott speaking: you may have noticed we're in a...

The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most...

One of my stock-market pet peeves is the current earnings fetish, which would have little value in predicting valuation trends if the casino weren’t rigged. Few people today can recall why Charles Dow actually began compiling his stock averages back in 1885: to use...

A friend sent me the link below, which seems extraordinarily relevant in context of the fact that I once calculated the value of the Chinese ghost cities at around $6.5 trillion. The article discusses the downward pressures on China’s economy.

“Adjusted for the 1980 inflation measure the gold price is approaching its bear market low of 2001. In fact, gold is now below the 1975 price when it became legal to own it again! . . . . . . . .Don’t worry about the current range bound price. Buying now represents...

Gold sector is on major sell signal. Cycle is up and a corrective bounce is in progress. Silver is on a long term sell signal and investors should be in cash or short.

Where have all the trillions of newly created “money” gone? Into the failed and bankrupt banking scam conducted by the elites. All world-wide monetary policy undertaken by the central banks has been for the sole purpose of protecting the failed banking financial...

A few weeks ago, we notified you about a brand new global, physical precious metal exchange that was being built with the expectation of eventually drawing interest and pricing power away from London and New York. Today, we have an update on the status of the...

Michael Lombardi, MBA, financial guru and lead Profit Confidential contributor, explains why mining companies have pulled back on the production of gold bullion, how this is affecting the supply of the precious metal, and how demand for the yellow metal from world...

Most precious metals websites are filled with stories and news from the gold market, accompanied by the implication that they will drive the gold price up. Examples of this include gold coin sales, Shanghai gold withdrawals, central bank buying volumes, evidence of...

Gold Range, Silver Range, GDX Trend, GDX Ascending Triangle, Senior Gold Stocks & Junior Gold Stocks analysis via videos:

The Chinese stock markets have been rocketing higher in a popular speculative mania. New Chinese investors are flocking to their local red-hot markets, borrowing heavily to buy hyper-speculative stocks. Like all past manias, this one is guaranteed to end badly....

In March, the U.S. dollar reached a 12-year peak against the euro. The greenback gained almost 25 percent in the past twelve months and 9 percent in 2015, which was the biggest surge in 30 years. What is most important, the U.S. dollar was rising not only against...

Gold investing can be lucrative, especially if you are investing considerable sums over a long period of time. But you might not understand all the risks involved. If you go in blindly, you are likely to lose quite a bit of money. Here is some gold investment advice...

Everyone knows that this has been a devastating bear market for the gold mining sector. If you have followed our work you know that it is the second worst cyclical bear market in at least 80 years. Obviously, gold mining stocks have been crushed. Then they became...

Since writing yesterday’s article on skepticism regarding central bank gold reporting (see: Does any nation hold the gold it says it does?), I have had my attention drawn to the publication by The Gold Anti-Trust Action Committee (GATA) around 2 ½ years ago of a...

The United States needs a wake-up call and the loss of leadership and credibility on economic issues is exacerbated by the dysfunction and divisive nature on Capital Hill. Also, no longer is the US a reliable partner internationally (redlines are blurred). Respect,...

There is a respectable chance that the euro will collapse sometime in the next several years, with implications for employment, economic growth and investment markets on a global basis. And the biggest threat is not directly money, debt, a potentially rapidly...

Let's face it, currencies are swinging in value 20-50% regularly and while most people do not realize it their buying power often is not as strong as it was. Would you rather hold a large portion of your capital in say the EURO which is falling like a rock in value...

If the foundation of the financial system is debt… and that debt is backstopped by assets that the Big Banks can value well above their true values (remember, the banks want their collateral to maintain or increase in value)… then the “pricing” of the financial...

While the US beefs up its navy presence around the Gulf of Aden – apparently in response to Iran dispatching a navy convoy to bring arms to the Yemeni rebels – the Saudi’s operation has entered a new phase.

Last Monday there was a meeting in Washington hosted by the Official Monetary and Financial Institutions Forum (OMFIF) to discuss the future relationship (if any) of gold with the Special Drawing Rights (SDR). Also on the agenda was the inclusion of the Chinese...

"Money is sound when it fulfils its functions as a means of payment and store of value as smoothly and reliably as possible in people's everyday lives. Sound money retains its value and is generally accepted. It also makes an important contribution to social harmony...

Gold Price: We want to draw your attention to the possibility that the wave .b. triangle is expanding -- and therefore it did not end at the 1208.70 high. In this case, all of wave -ii- would look like (wave -i- ended at 1224.30):

Soon to be front page news again will be Greece and their insolvency. The question will remain (for a time) whether or not they stay in the Eurozone, leave by choice or get "kicked out". I am not even sure if being forced out is a legal option, we may see.

Imagine you could go back in time so you could buy some investment at a bargain. Many might also wish to go back in time to sell something. But, let us stick with the idea of returning to an earlier time to buy some asset, like before Gold began its ran to $1,900....

For us the answer is obvious. Additionally, analyst Jeff Berwick has his views: Can Central Banks Go Bankrupt? But if you are confused about what a central bank is, this reply to an un-named but popular competitor might be as good as any place to start. If it takes...

Enter the Dragon. China’s push to challenge U.S. dominance as the global economic superpower and to challenge the dollar as a global reserve currency involves gold – “a lot of gold.”