Gold Editorials & Commentary

Gold is the ultimate asset, and I think both the bulls and bears are probably going to learn that fact, the hard way. The gold bears view QE tapering and looming US interest rate hikes, as bearish for gold, and the bulls are sure gold is ready to soar vastly higher...

Gold prices have begun this week on a slightly firmer note, reversing the trend of the previous six days, after physical buying emerged in Asia as well as some short covering ahead of a meeting of the U.S. Federal Open Market Committee meeting this week.

Gold is now at a key juncture and it should reveal its price action structure in the coming weeks. The first chart is my main Elliott Wave count and shows a Double Three Corrective Pattern (W)-(X)-(Y) in process from the top in 2011. You can see that Gold is...

If you talk to any legend in the resource sector and ask them how it is they created the majority of their wealth, the answer is along the same lines every time. Successful investors such as Doug Casey, Rick Rule, Eric Sprott, and every other household name were...

Despite post Labor Day sell-off in precious metals, junior miners maintain uptrend. The junior miners are usually a leading indicator. Is this outperformance forecasting an inflection point for the precious metals? Going into the overbought US equity, bond dollar...

Using the standard weekly currency chart we followed along for months as the Euro found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost major support and non-confirmed the commodity complex and the US dollar moved from...

Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to actually go short the metal. Jeff Currie, head of commodity research at...

In our article July 13th, 2014 we warned that a “significant decline is coming to the stock market.” In that article we presented evidence of several Bearish divergences we were tracking between prices and key indicators for our subscribers at A Significant Decline...

Historically tax-free municipal bonds (Blue Plot below) have yielded less than taxable best-grade corporate bonds (Red Plot). This has been true for two reasons: Their owners receive tax free income. State and local governments service their bonds via taxes.

General markets continued to consolidate while we are seeing some nice moves in select stocks still. It is a stock pickers market at the moment and I am a stock picker!

Long term – on major sell signal since Mar 2012. Short term – on sell signals. Gold sector cycle – down as of 8/8. COT data suggests a top is in for the metals.

Today’s stock valuation is more grossly exaggerated and unrealistically inflated than in the 1920s. Historic testament suggests today’s pie-in-the-sky lofty stock prices are irrational and driven by the artificial force of the Fed’s QE…and fueled by illogical...

Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals. This selling pressure has come from the usual suspects, American futures speculators. They’ve been busy aggressively dumping gold and silver futures, particularly on...

Gold Key Number, Silver vs Gild Signal, Coppock Curve Key Assets, GDX Gold Distribution & GDXJ RSI Leader Analysis via videos.

You'd think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it.

BIG PICTURE – After bottoming out in 2012, America’s housing market has climbed to a 6-year high and it is probable that the 2006-record will be surpassed within the next 2-3 years.

The James Turk Fear Index has always been interesting www.fgmr.com. It is an easy concept. The Turk Fear Index is a measurement of gold’s relative value in relation to currency. The Turk Fear Index centres on the US by comparing gold’s value to money but a fear...

Here is a graph showing the price of gold FINALLY reaching GOLD’s “Long-Term Line of Support” for London PM Gold! One would expect that gold would begin its upward climb but usually the “Masters of Manipulation” step in to quell gold’s direction. Now we will just...

Last week I wrote about the historic correlation between the month of September and the strength of gold. Now it appears that this September might be shaping up as one not to remember but forget.

On Monday, the Federal Reserve Bank of San Francisco published a report, which indicated that central bank is growing closer to raise interest rates. As a result, the US Dollar Index, which tracks the performance of the greenback against a basket of six other major...

Friday's release of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice. Instead the alarm clock was stuffed under the pillow and Wall Street kept sleeping. The miss was so...

"There are worse things that could happen than filling a gap and scattering the wrong kind of gold bugs back out. Then it would be up to the longer-term charts to do the heavy lifting if the daily does fulfill this downside potential.”

Is your portfolio’s fate dependent on Scotland’s? Why is it that when a place known for haggis, kilts and bagpipes indicates it might want to be independent, the markets pay attention?

The QE program created substantial hedge fund interest in gold-related ETFs. Unfortunately, QE never created the inflation the funds had anticipated. That’s because commercial banks held the QE money they received, “tight to the chest”, rather than loaning it to...

Given the troublesome economic conditions in the world and potential expansion of war in the Ukraine, Iraq, Syria, North Africa, and elsewhere, there is considerable risk that the S&P could fall substantially and a strong probability that gold will rally....

I believe last week marked an important turning point for the precious metals stocks. After two months of chopping in a tight trading range GDM, which I’m going to us as a proxy for the big cap precious metals stocks, finally broke below the critical brown shaded...

Only fools and the ideologically impaired believe that today’s capital markets are free. In free markets, prices are determined by supply and demand. In capital markets, supply and demand considerations are subordinated to capitalism’s increasingly dysfunctional...

Gold is the leader of the precious metals complex! It always has been and it is now. Silver and the mining shares have proven that they will follow the path of gold. If the following charts do not convince you, nothing will. So, study them hard and fast and don’t...

We have been bullish the USD and bearish the Euro, Canada dollar and Aussie dollar for quite some time now, most often using this simple weekly chart of various currencies. Months ago we noted USD creeping out of its downtrend (green dotted line) and the Euro...

The wait for the next leg up in both gold and silver has been excruciating. Many bulls are losing hope and the number of bears appears to be increasing. As for me, I remain rock solid. I hold long silver positions and I must say I am not worried one iota. Of course...