Gold Editorials & Commentary

In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today's evils. Whenever fractional reserves are permitted, the banking system - including the one that exists today throughout the world - comes to resemble a...

I have had many people tell me they agree with my thought process on events but don't understand "why" or "how" the financial system has held together. Why of course is the easy part, no one wants to see the system come apart at the seams, especially the ones...

In Why they are making an enemy of Russia? we looked at two of the key reasons why the US is making an enemy of Russia, namely the promotion of conflict by the powerful Defense industry lobby in order to keep its order books full, and the value of conjuring up an...

Ian Gordon created Longwave Analytics, which studies the Longwave principle, by which economies obey long-term cyclical trends of expansion and contraction. Eric Sprott is an avid reader -- he suggested I interview Ian Gordon for his take on the role of Kondratiev’s...

The “Foreign Affaird” publication of the influential and policy-setting Council of Foreign Relations made an announcement that could have huge ramifications for monetary policy going forward. In an article titled “Print Less but Transfer More: Why Central Banks...

Karl Marx once said, “Hegel remarked somewhere that all great, world-historical facts and personages occur, as it were, twice. He forgot to add: the first time as tragedy, the second as farce!”

"Interest rates on Treasury securities, which have been exceptionally low since the recession are projected to increase in the next few years as the economy strengthens and to end up at levels that are close to their historical averages (adjusted for inflation).” –...

Miners bull and bear markets structures can be clearly identified with the Elliott Wave Principle and look ready soon to enter a new impulsive move up. Keeping an eye on the Elliott Wave structure is important as this tool is mostly used by institutions and hedge...

A week ago, I suggested gold would likely decline from the $1300 area to about $1275 and stop there, adding bullish symmetry to an inverse head and shoulders bottom pattern.

We are experiencing some very strange times. People are turning on one another over everything from race and religion to socio-economic status. Governments are waging wars against not just foreign governments, but their own citizens resulting in standoffs in...

Argentina is playing hardball with the vulture funds, which have been trying to force it into an involuntary bankruptcy. The vultures are demanding what amounts to a 600% return on bonds bought for pennies on the dollar, defeating a 2005 settlement in which 92% of...

In February of 2009 we wrote that if the story unfolded as we expected then a lot of future economic commentary would begin with the word "despite", but that in most cases the commentary would be a lot closer to the truth if "despite" were replaced with "because of...

On the bigger picture, the stock market has soared to excessive readings on sentiment and momentum. These are only registered as a cyclical bull market peaks. This is a process and market forces are beginning to change.

The third part of this series on managing expectations is devoted to fundamental resource stock evaluation. I’ll discuss some of the statistical tools we use to pick quality stocks during a treacherous bear market, such as what we’ve seen in gold stocks the last...

In this Weekend Report there are so many charts I want to show you it’s hard to know where to start. It seems like we have entered a critical inflection point in both the stock markets and the precious metals complex. These inflection points can last for awhile...

Today's boundless investor complacency is eerily reminiscent of the unbridled investor euphoria of the roaring 1920’s. And all avid market students remember what happened then…i.e. the 1929 Stock Market Crash.

A five-year regime of artificially low US interest rates is responsible for a bubble in stocks, bonds, real estate, emerging markets and many other asset classes. But can it really be said to have boosted gold prices?

If one looks at a longer term chart of the last two years it’s very clear that gold is being capped at certain levels, and those levels are slowly forcing gold lower and lower. Each one of these manipulation zones are being defended successfully and that has some...

One issue the financial media is willing to ignore, but has been foremost in my mind for many years is the utter recklessness of the Federal Reserve’s “monetary policy.” Below is a chart the public will never see on CNBC, or anywhere else, but I believe is vital to...

All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term since March 2012.

With gold again on the decline, it’s time to take a look and focus on gold’s big picture. This eases a lot of doubt, especially when companies like Goldman Sachs are bearish on commodities. We’ll focus on silver and palladium too.

Since finding a low in the first week of August, the S&P 500 hasn't wasted much time, closing positive in seven sessions out of nine and narrowing the gap from its 27th record close this year - way back on July 24th. With Yellen flying into Jackson Hole this...

Gold is under downward pressure again…Is this a cause for concern? So far, the answer is no… If gold now stays above $1195, which is a very strong long-term support level, this will become the springboard for higher prices in the next major upmove.

Everyone has been calling for a bottom in Gold the last year. But the fact is that gold and gold stocks are still clearly in a bear market. Just look at the 200 day moving averages. The previous trends were down and prices have been moving sideways for the past year...

Gold has slid during this past week on mounting fears of interest-rate hikes. Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever...

Gold Quick Trade, Silver Quick Trade, GDX Quick Trade, GDXJ Quick Trade & Barrick Quick Trade. Chart Analysis via videos.

I was originally going to do the Weekend Report on the very long term charts for the markets but after last Friday’s trading I decided to mix it up a bit with some shorter term charts. It seems like everyone is either looking for that 10% to 15% correction right...

Here are a few charts I hope everyone will find interesting. First is a short term step sum chart for gold. We see gold’s last upsurge (Blue Plot) was terminated three years ago in August 2011. Back then market sentiment (Red Step Sum Plot) was rising along with...

The Dow continues its tremendous rally from recent lows. I have stated before that it is my opinion that this is a bear market rally. Has anything happened to change that opinion? Nope, but I’ve sure got a good case of the heebie-jeebies! Let’s revise the charts to...

Since the late 1960s I have understood that the gold price is the ultimate barometer of fear in the world economy. Of course, I have not had a monopoly on this understanding and, in particular, the world’s central banks have also understood it. It is for this reason...