Gold Editorials & Commentary

Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST, gold and silver responded by falling heavily, with gold breaching the $1200 level yesterday (Thursday) and...

Stocks globally surged, while gold fell sharply today despite renewed irrational exuberance on hopes that the Bank of Japan’s vastly increasing money printing will fill some of the gaps left by the apparent end of Federal Reserve bond buying.

Chinese Stocks, GDXJ, GDX, Gold 3-Strikes & Silver Wedge Analysis via Videos.

Lacking a distinctive catalyst, gold prices have languished in recent weeks after a failed turnaround attempt earlier this month. Gold’s primary form of price propulsion is fear and uncertainty; as long as investors are worried what the future might hold, gold is...

As expected, the Fed announced yesterday it would end its six year money printing and bond buying program. Given the fragile nature of the U.S. economy, Eurozone economy and indeed the global economy, Fed critics continue to believe that this may be a short term...

Last week we argued that the underperformance of the gold miners during Gold’s rebound was a bad sign. Since then the miners have plunged to new lows while Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn’t be a surprise as it would...

John Tamny, of Forbes magazine has written a recent article in which he takes Austrian economist David Gordon to task for not being Misesian enough in a book review of Money by Steve Forbes and Elizabeth Ames. Such critiques can be a useful exercise when the author...

China first delegated the management of gold policy to the Peoples Bank by regulations in 1983. This development was central to China's emergence as a free-market economy following the post-Mao reforms in 1979/82. At that time the west was doing its best to suppress...

Gold bullion bottomed this morning at $1,165.30. This is exactly on the long term quarterly rising trend line. The Dollar Index, the DJIA and the S&P500 are at a top and ready to collapse. This is a major turning point for the markets.

October has a reputation as a graveyard for many Bull markets, a reputation that was enshrined by the “Black Monday,” Crash in October 1987, when the Dow Jones Industrials plunged -22% in a single day. And then again in October 2008, the Dow plummeted -3,000-points...

In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. Gold and mining stocks declined yesterday in a rather profound way. The GDX ETF finally broke below its 2013 lows and the volume that...

For some strange reason, the Western official gold demand figures for China are WAY OFF. According to a recent article by Koos Jansen at Bullionstar.com, the Chinese Gold Association reported much higher gold demand than the figures published by the World Gold...

U.S. dollar has become the world’s safe haven. This has driven the dollar higher. And the dollar’s up-move has kept downward pressure on gold. Taking a look at the big picture, however, you’ll see this relationship more clearly.

Risk taking is a natural part of life, especially in the capitalist system where the greater the risk, the increased potential reward. The TSX Venture Index which is made of the Canadian start-ups in junior mining and high tech is hitting lows not seen since 2002...

A cursory glance at the various financial news media this morning shows nothing particularly unusual for these unusual times. The ECB have paraded a list for stress tested banks and the market shrugged. However, there is a disturbing thread running through most of...

The U.S. Mint has sold nearly 60,000 ounces of American Eagle gold coins so far in October due to increased global demand from store of wealth buyers as economic and geopolitical uncertainty increased.

We’ve now seen the last day for a Fed POMO. If you’re unfamiliar with this term, it stands for Permanent Open Market Operation. This is the mechanism through which the Fed pumps money from QE into the financial system. It’s also the single most important item as far...

This is probably not the type of article anyone who owns precious metal stocks would like to read, but here it is. The analysis presented today illustrates short-term and mid-term outlooks up front, with the Elliott Wave count indicating the longer-term trend...

Any doubts about why I own gold as an investment were dispelled last Saturday when I met the maestro himself: former Fed Chair Alan Greenspan. It’s not because Greenspan said he thinks the price of gold will rise – I don’t need his investment advice; it’s that he...

In this Weekend Report I want to shows you what I think is the most important chart on the planet right now. I know many of you won’t agree with this statement because there are a lot of important charts out there that are talking to us right now. This just my...

In TPTB’s desperation to “manipulate, jawbone, and pray” equities back up, both the frequency and blatancy of government intervention has achieved unprecedented levels. Not only are they in full-fledged panic mode for its own sake, knowing the world has returned to...

This week we will find out the answer to whether the Federal Reserve will end its current quantitative easing program or not. Today is the last open market operation of the current program, and my bet is that it will be the last, for now. Here are my three reasons...

As gold traded in the $1250 - $1255 area a week ago, I suggested the price would immediately decline from there, to the $1230 area or lower. That’s exactly what happened. Unfortunately, by late yesterday afternoon, the decline had become a bit frightening for some...

Gold prices climbed to their highest level since September 10 last week, breaking above the $1,250 an ounce level. Gold's outlook this week will depend largely on the Federal Reserve policy meeting, when the U.S. central bank is widely expected to end its bond-...

Those of us who lived through the inflationary times of the late 70s and early 80s will remember just how high interest rates had to go before inflation was curbed. The base rate back then was around the 19% level prior to putting an end to gold’s historic rally.

Our view has been that a stronger US dollar would eventually start to eat away at corporate results, especially in the manufacturing sector and at US based companies with a global customer base. The decline in revenues thus far is something to be watched because...

Russia has added another 1,200,000 ounces of physical gold to their reserves during September, the largest month-on-month increase EVER.

Generally, real interest rates are negatively correlated with the gold price, i.e. the rising interest rates adversely impact the yellow metal. Based on this adverse relationship between real interest rates and price of gold, Elfenbein built a model for the price...

When the Financial Crisis hit from 2007-2008, the Fed implemented a series of emergency strategies to deal with this. Those strategies fall under numerous technical terms, but at their most basic, they consisted of cutting interest rates to zero and printing money...

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold. Broadly these precious metals reflected first weakness then strength in the...