Gold Editorials & Commentary

I’ve mentioned my background as a professional engineer in the energy business. I enjoy the mathematics of Elliott Wave Theory (EWT). Studying the wave is not a chore. It’s a joy, especially when EWT suggests something big and bullish is about to happen, with...

We have already suggested that falling oil and other raw materials prices may be the canary in the coalmine. The gold is, however, not only a commodity, but also a currency, so the yellow metal does not have to fall during bear market in commodities. Nevertheless,...

The four major monetary zones have collectively printed over $40 trillion currency units (call them dollars if you want) over the last 6-7 years. Most agree that about 180,000 tons of gold exist above ground.

There has been some discussion about how the Swiss National Bank breakaway from the 1.20 peg to the Euro was a shot to the upside for gold. It appeared to us that the rally may have been sparked a few days ahead of the announcement, and last week’s mostly sideways...

Over the many years that I have been writing about the commodity futures markets, I have tried to make a point of homing in on the fact that it is the presence of high-powered speculative money flows that drive market action.

The US Dollar rally, combined with the ECB’s policies are at risk of blowing up a $9 trillion carry trade. When the Fed cut interest rates to zero in 2008, it flooded the system with US Dollars. The US Dollar is the reserve currency of the world. NO matter what...

Whether or not the Swiss National Bank was the "first domino to fall" remains to be seen. With central banks in Denmark, Turkey, India, Peru, and Canada all lowering rates and China pumping $8 billion into its banking system via a reverse repo operation, it's clear...

The recent rise in the gold price, now standing at just below the $1300 mark, does not yet appear to have put a dent in Chinese gold demand as represented by withdrawals from the Shanghai Gold Exchange (SGE). Indeed it appears to be picking up even further in the...

SPX found enough resistance at its previous short-term high of 2064 to put a halt to the strong rally which started at 1988. Friday’s retracement does not look complete and it’s now a question of whether the bears will be able to muster enough strength to regain...

Equities past their peak? Bond market dead? So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks. In this interview with The Gold Report, the publisher of Hard Rock Analyst explains how changes in the currency and energy...

As was widely expected, the European Central Bank has started a program of Quantitative Easing, something which the ECB vowed it would never even consider when the supranational institution was created. Situations can change and less than 10 years after its...

Accusations of the West towards Putin are traditionally based on the fact that he worked in the KGB and therefore he is a cruel and immoral person. Putin is blamed for everything. But nobody ever accused Putin of lack of intelligence.

Many interesting things are happening in the markets as we move into 2015. On Thursday this week the ECB announced an eighteen month, 1.1 trillion euro QE program. I had a good chuckle over this as I remembered how Europe’s central bankers introduced the euro as a...

Yesterday the European Central Bank (ECB) announced an expanded 1.1 trillion euro (US$1.3 trillion) asset purchase program to start in March 2015 and continue through September 2016 (19 months) that will include the purchases of sovereign (national government) debt...

The new year has ushered in a remarkable and unexpected turn of events for gold. It is up significantly in four of the seven top currencies (the euro, British pound, Australian and Canadian dollars), up respectably in two others (U.S. dollar and Japanese yen) and...

An absolutely massive week for leading stocks. I’ve talked recently about the ability to keep it small during the tough times…and go heavy during the good times. And things turned good this past week.

Throughout much of 2013 and all of 2014, there were numerous stories/reports out on what would have to be considered as very bullish prospects for the prices of gold and silver. There were calls for gold to rally anywhere from $3,000 to over $25,000 the ounce, $100...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. A bear market rally is in progress but upside should be limited. COT data suggests lower metal prices overall going forward.

It’s 2:30 AM MST Friday morning, on my “day off.” However, I couldn’t sleep because too much is going through my head – as I digest the second “financial big bang” in just a week’s time. Many more are coming this year – perhaps as early as Monday, following Sunday’s...

Despite arriving late to Thursday’s press conference - ironically, held up by the new ECB elevator system that just wouldn’t cooperate… Draghi delivered the goods. The ECB would buy over 1 trillion euros through September 2016 - or until there is a “sustained...

The Swiss National Bank (SNB) shocked the currency markets when it abandoned the three year currency peg to the euro. Switzerland spent billions of francs to cheapen the franc, loading up its balance sheet which doubled to over CHF1 billion equivalent to 86 percent...

In recent days and weeks we noted key levels for Gold at $1250 as well as $1270-$1280. Over the past two weeks Gold easily cleared $1250 and continued to $1300. Today it is trading around $1290 and will close above its 80-week moving average for the second...

Germany’s Bundesbank has just made great play of the fact that it managed to repatriate some 85 tonnes of gold from New York in 2014 and 35 tonnes from Paris. Technically, as the Bundesbank points out this is very much on schedule with its promise to bring back...

The annual LBMA precious metals price competition’s top gold forecaster over the years, Sharps Pixley’s Ross Norman, is bucking the mainstream analyst consensus with a $1321 average gold price forecast for 2015. Silver $18.56, Platinum $1268, Palladium $876....

Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major...

DOW, Crude Oil, Gold, Silver, GDX & GDXJ analysis via videos.

After months of waiting, the European Central Bank (ECB) finally carried through with its stated promise of unlimited monetary support to its ailing economy. The ECB announced its own version of quantitative easing (QE) on Thursday, a move which lifted the dark...

Now that we have had a chance to see how the dust settled after this historic day in the markets, there are some observations I would like to make. I want to start out first with the junior mining shares, as evidenced by the GDXJ. The readers know that I have...

Let’s step back and take a look at where we are and eyeball a few charts. I think one needs to resolve the key question with oneself. Are we in a new bull market or has this been yet another BMR within a big bad bear market that has not yet hit bottom? Rambus’ long...

Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce its much anticipated quantitative easing (QE) program. The move to print up to €1 trillion euros in the coming months appears to be a fait accompli although it will occur against a...