Gold Editorials & Commentary

This article is an update of Gold’s Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different markets, which should...

John Maynard Keynes once remarked that “A debtor nation does not love its creditor, and it is fruitless to expect feelings of good will.” In the case of the financial arrangement between China and the West including the United States, I might add that the opposite...

Every saver needs an allocation to physical Precious Metals.It’s that simple. Our enormous national debt has to be cleared and will be cleared…one way or another. And the clearing will wreak havoc on our economy, the financial markets, and even our political and...

he US is once again at its Debt Limit. Despite all of the talk of cutting the deficit and the like, the political class continues to throw taxpayer money around at a pace that is bankrupting the nation. To wit: the US is set to hits its debt ceiling AGAIN on March...

Gold traders are bullish for a second week on the outlook for increased demand from Asia. The Shanghai Gold Exchange saw withdrawals of 412 metric tons as of February 27. Annualizing that would mean 2,472 metric tons for 2015, an increase of close to 18 percent 2,...

Day One for quantitative easing at the European Central Bank and the sixth anniversary of the start of the bull market for stocks and predictably

I had planned to write about the recent news Andrew Maguire relayed regarding HSBC allegedly closing their seven London gold vaults. I am putting this on hold because other than his word and Ned Naylor-Leyland’s tweets on same, I cannot find any public information...

Methinks the continued persistence of the entire speculative crowd (Hedge Funds, Large Reportables and the General Public) in remaining on the long side of the gold market must be due to excessive exposure to the plethora of gold perma-bull websites. There really is...

Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled "Is the Dollar Losing its Clout Among EMs?"

In this Weekend Report I would like to show you some charts for the PM complex in which we finally got some answers to some pressing questions that needed to be answered. The break below the brown shaded support and resistance zone – double bottom hump on the PM...

The Jobs numbers on Friday (3/6/15) created a large down day for gold. Consequently, we thought it necessary to update readers to our current views regarding gold prices in 2015. Below we give three possible scenarios as far as timing and potential price targets.

Gold did almost exactly what we expected in the last update, it bounced from oversold off the support at $1190 - $1200, only to break sharply to new lows on Friday, crushed by the strength of the dollar. We got with the plot and are doing fine with bear ETFs, one of...

While a correction is well underway in the SPX and NYSE, some indices are not as weak and will need to join them for an important decline to take place. On Monday the ECB will start its bond buying program. Also on Monday, AAPL will introduce another major product...

Gold got hit hard Friday on two fronts. One was the sharp jump in US interest rates. The other was the surge in the US Dollar to the highest level in eleven years. The chart below shows the price of gold tumbling $29 (-2.4%) on Friday to the lowest level for the...

Look folks, who can make this stuff up? We've endured months of FinMedia doting upon so-called "dollar strength", which in true context begets a snicker. Oh but wait, for now 'tis great: "Dollar Exceptionalism Reinforced", they say; "The dollar's exceptionalism is...

Uncle Sam likes spending money; whether from taxes or sales of Treasury debt, it’s all the same to him. By December of 1952 the US Treasury had accumulated $262 billion dollars in debt, a shocking sum at the time. Now, seven decades later Uncle Sam has borrowed...

A very quiet week for many stocks and markets until Friday when we saw a violent break. Believe it or not, we’re quite oversold here now already so I’m not really expecting much more than another day or two of weakness before we bounce.

With currencies being rapidly devalued by their respective governments, the global economy in a slow-down, and tensions over resources heating up around the world, it’s time to start considering the endgame.

Two weeks ago, we wrote on Banker’s Grip On PMs Not Over, leading off about the Syriza party likely to fold and sell its Greek citizens into more debt servitude, calling the efforts of Tsipras and Varoufakis Kabuki theater, while still a Greek Tragedy for Greek...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 2/07, ending the up cycle since November.

As you know I am primarily a chart analyst, so when I come across fundamental analysis that really gets to the bottom of what is going on I like to share it with you. It is of the utmost importance that such analysis and the info therein is either not known to the...

“Money in the Bank” and “Cash is King” used to mean that cash was risk-free. This is no longer true - after successfully bailing-in Cyprus’ depositors in 2013, the G-20 have adopted bail-ins as the new bank resolution policy. To make sure derivatives will never...

Gold had held up well in recent months considering the upside explosion in the US$ index. That is because Gold surged nearly 21% against foreign currencies in three months. Yet, this is not enough to carry Gold. Its rebound petered out (in nominal and real terms)...

The Bundesbank has released a short film about Germany's gold reserves. The 8-minute film answers the most frequently asked questions about gold. Moreover, the film gives an overview of the main facts, covering topics such as the origin of Germany's gold reserves,...

The latest record highs in the US stock markets have unleashed astounding complacency. Traders are utterly convinced that the past couple years’ massive Fed-fueled rally will continue indefinitely. But with today’s lofty stock markets extremely overvalued, wildly...

There is a major new buyer in the gold market - Apple. New Apple watch could use up to one third of total annual gold supply. Apple expects to sell one million gold watches per month.

Professional commodities trader Dan Norcini joins us to analyze the fundamental and technical factors driving precious metals and currencies. Topics discussed include the US$ breakout, Euro weakness, interest rate differentials, Gold’s technical picture, the...

This month the physical gold market will undergo radical change when the four London fixing banks hand over the twice-daily fix to the International Commodity Exchange's trading platform on 20th March.

Both the Gold and Silver markets keep traders on their toes by producing fake or false moves occasionally. They present enough evidence that price will move a certain direction only to reverse after several investors were committed to a definite direction. It is...

It’s Wednesday morning; and again, I’m having difficulty focusing on a single “horrible headline” – or if you will, a single “horrible topic.” I could start by following up with yesterday’s “PDAC, the Epitome of Mining Ineptitude” with this article from Brent Cook...