Gold Editorials & Commentary

As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading into the fall.

The Dow Jones this week made four new BEV Zeros, four new all-time highs in its Bear’s Eye View (BEV) chart below.  Since last November when the Dow Jones entered scoring position (BEVs spanning from -0.01% to -4.99%), and for the most part has remained there these...

2024’s second quadrimestre is now complete.  So let’s start with our title’s second phrase “GDP Defies Belief”.  For Q2’s annualized GDP growth rate was just raised from an improbable first estimate of +2.8% to now an impossible second estimate of +3.0%.

Our proprietary cycle indicator is DOWN. Trend is UP for gold. Trend is UP for gold stocks. Trend is DOWN for USD.

In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Philip Newman, Managing Director of Metals Focus, to delve into the current state of the global precious metals market. 

I ran across a post on X by financial planner Charlie Bilello about the trajectory of the Federal Reserve balance sheet. It pointed out that the balance sheet is 20 percent below its April 2022 peak, “the largest drawdown on record.”

Gold is finishing one of its most-defiant summers in memory.  Gold rallied to new record highs in recent months despite odds stacked against it.  Gold was extremely overbought heading into summer 2024, its primary drivers weren’t performing well or really favorable...

Here are today's videos and charts.

The gold price has pierced our initial target (2450) off of the pattern break above 2030-2070. The larger technical target is, as I’ve been projecting since 2020 (based on the Cup with a Handle that was yet to come), 3000+.

From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern -- who proposed a Universal Basic Income in 1972 and went on to win a single state.

With spot gold prices at record highs, investors might expect that shares of precious metals mining companies are also trading at record highs.

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the recurring economic themes that dominate the news cycle. Maharrey begins by acknowledging a feeling many listeners may share: a sense of repetition in the content. 

Defensive sectors like Healthcare, Consumer Staples and Utilities are ticking new highs as the market rotates.

Yvonne Blaszczyk joins us to speak about why gold prices are skyrocketing! A massive warning sign of financial instability is on the horizon!

We use three analog charts to project Gold prices over the next 6 to 9 months, 2 years and to the end of the current cyclical bull market.

The price of gold is still over $2,500 even despite today's declines, yet one of the key features we've seen is the increase of the short position by the banks.

Happy days are here again. Fears that the largest economy in the world is entering a recession led to a brief global sell-off, which whipsawed the markets due to weakening US economic indicators. The fear of missing out (FOMO) crowd returned, boosted by the...

Economist David Rosenberg, who predicted the 2008 financial collapse, said that the 818,000 adjustment in new jobs that I wrote about here on The Daily Doom signify an economy that is in a worse meltdown than the Fed realizes.

Gold exports from Peru to India are poised to set a record in 2024 as demand grows in the world’s second-largest gold-consuming country. 

The 10yr-2yr Yield Curve is poised to un-invert under disinflationary, possibly coming deflationary pressure.

During election years, incumbent presidents are routinely blamed for every societal ill during the previous four years. And almost nothing is riper for the picking than a significant rise in consumer prices. According to the Bureau of Labor Statistics (BLS), prices...

We've seen the rally. We've seen the pullbacks. And yet we're once again near the all-time highs for gold. But are we still early in a bull market? Or is the move largely done?

Starting from a low of USD 2,353 on July 25th, gold has been able to push further upwards over the past four weeks. Last Friday, spot gold prices climbed above the magical USD 2,500 mark for the first time. The bulls carried this momentum into the first half of this...

Gold has set another record high as Jerome Powell confirmed the Fed pivot. While gold has been driven to these heights by Eastern buying, we're now seeing Western investors flocking to the metal as the shift to easier monetary policies begins.

As the tricky stock market crash season months of September and October approach, I’ve urged heavily invested gold stock enthusiasts to consider buying put option insurance, allocating 2%-5% of the portfolio’s value for the purchase. 

Gold climbed back above $2,500 per ounce after Federal Reserve Chair Jerome Powel signaled that the time has come for interest-rate cuts. TD Securities Bart Melek, global head of commodity strategy, expects bullion to rise further to more than $2,700 in the coming...

According to some commentators, to counter inflation interest rates in the US must increase to a level that effectively restrains the economy. It is held that this increase in interest rates does not have to cause a recession if Fed’s policy makers could orchestrate...

The National Bank of Poland was the biggest central bank gold buyer in the second quarter. A Euronews report speculated that the country is "preparing for the worst."

You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up.

Greg Weldon discusses the outlook for the economy, Federal Reserve policy and why we are headed for stagflation. He has potential 3-year upside targets of $4900 Gold and $100 Silver.