Gold Editorials & Commentary

When you want to see the real reason why the U.S. dollar seems weak or strong, check out the underlying components of its index. Want to know where the smart money thinks the value of the dollar is going? Check out the weekly COT’s for the Commercial Traders net...

He who owns the gold rules. That has been the clichéd “wisdom” for some time. However it appears Russia has become the Rodney Dangerfield of the Golden Rule, for it certainly is not getting any respect. To the contrary, the Golden Rule has become subservient to...

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. COT data suggests a major bottom is not in yet for the metals.

The topic of ‘currency war’ has been bantered about in financial circles since at least the term was first used by Brazilian Finance Minister Guido Mantega in September 2010. Recently, the currency war has escalated, and a ‘sanctions war’ against Russia has broken...

There is just over one week to go before the Swiss gold initiative referendum on Sunday 30 November. The release of the latest opinion poll earlier this week shows a strengthening of opposition to the initiative at the expense of the yes camp, with the level of...

Gold RSI, Silver MA, FXI, QQQ, GDX & GDXJ analysis via videos.

For several weeks I have been expecting a major secular bottom in precious metals and the junior miner. I told you to watch for the accumulation after a shakeout. The junior gold miners (GDXJ) appear to be on the verge of breaking a three month downtrend. There...

Gold has suffered a rough couple of months, getting pounded below major support. One driver was stock-market capital flowing out of gold again, as evidenced by renewed differential selling pressure seen in gold-ETF shares. But this was minor compared to last year’...

Gold made an all-time nominal high of $1,923 in September of 2011. In the following three years until the present, it has been mostly downhill. This is the longest and deepest correction of the entire bull market that started in 2001. Gold has declined by a whopping...

Gold, that “barbaric relic” from yesteryear just won’t go away even though the central banks around the world would like just that. I believe it was Keynes who first coined the phrase “barbarous relic” which has stuck for more than half a century. But why does it...

Gold’s reversal from $1130 to $1200 combined with sharp rebounds in the gold miners has given precious metals bulls some hope that the bottom may be in. A few weeks ago we noted that the sector was extremely oversold and a snapback rally could begin. Gold has been...

The gold price was drifting lower on Thursday, unable to find support from slightly higher than expected inflation numbers in the US that came in at 1.8% and solid Swiss gold export data. At $1,192 an ounce by mid-afternoon in New York gold investors can still boast...

“For a central banker, deflation is one of the Four Horsemen of the Apocalypse: Death, Famine, Disease, and Deflation. It is helpful to understand that, before a person is allowed to join the staff or board of a central bank, he or she is taken into a back room and...

Russia’s central bank bought about 150 metric tons of the metal this year, announced Governor Elvira Nabiullina yesterday. The pronouncement immediately created buying in the market, prompting gold to rise to a two week high at $1,200 an ounce.

There seems to be a lot of confusion out there as to whether the stock markets are bullish or bearish. Is the Dow Jones in a topping pattern as so many analysis are suggesting? I’ve seen some charts that are calling the big trading range, on the Dow Jones going all...

The highlight for the always great New Orleans investment conference last month was Allan Greenspan. He was special. One key moment was when he was asked about gold. He said gold is a good place to put your money these days as its value as a currency sits outside...

The strength (or weakness) in the U.S. dollar is one of the most important drivers of price of gold. However, this is not always true and there are times when they rise or fall simultaneously. The positive correlation between U.S. dollar and gold occurred, for...

As could be expected, the decreasing gold price has caused people to run away from gold investments and not only did the gold miners drop faster than expected, any decrease in the gold price usually also caused people to liquidate their holdings in the Exchange...

As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan's economy has much to teach us about the wisdom of those policies. And although the warning sirens are blasting at the highest volumes...

As a follower and participant in the gold bull market from 2002 until now, I can say unequivocally that the two most bearish periods sentiment-wise in the bull market so far are the fall of 2008, and right now. Therefore, by definition, the two most profitable...

Gold has not glistened since the summer of 2011 when a substantial rally took it to an all-time record price of $1,900/oz. Since then however it has been a one way trek south punctuated by an occasional weak rally or head fake. Gold’s inability to sustain a...

Gold staged a nice upside breakout from a bullish flag pattern just hours ago. After rising from an inverse head and shoulders bottom pattern, gold promptly formed a bull flag. The target of this pattern is the $1235 - $1240 price zone.

We all know how the S&P500 responded to the advent of the QE’s, a Twist, and extreme low interest rates. As the saying goes, “It took off like a bat out of hell!” We can also use the old Superman shout, “Up, up and away!” This chart shows how obvious the rally...

I mentioned earlier that I wanted to revisit the current GOFO rate situation and also the huge anomaly which occurred on the COMEX not once, but two days in a row to end last week. I have written several times regarding "GOFO" which is the lease rate for London...

I would have written off the gold sector long ago in its ongoing bear market had I thought for one moment that gold’s utility as insurance against the acts of monetary madmen/women in high places had been compromised in any way. On the contrary, the monetary metal...

Concerns about deflation, recession and a return to the Eurozone debt crisis, may see the ECB follow Japan and print money to buy assets including shares, exchange traded funds and physical gold.

This past Friday was a near carbon copy of the previous Friday for the precious metals. Both were “outside reversal” days where the overnight and morning sessions were quite weak, only to bottom and then reverse to the upside strongly on very heavy volume by the...

We finally have some movement within the gold complex. And for a welcomed change, it’s to the upside. It has been dicey lately, as the back and forth daily swings have been unnerving. It’s not common within bear markets to see an asset form a Cycle Low and then...

Gold and silver prices have been trading in declining wedge patterns since 2011. Crude has traded in a flat to down wedge pattern for five years, and the S&P has been moving inexorably higher since early 2009 in a contracting wedge.

The precious metals sector continues to correct its recent downswing, while remaining in the medium-term downtrend, and it seems that it will move a bit higher before turning south again.