Gold Editorials & Commentary

U.S. and U.K. GDP slowed very sharply in first quarter of 2015. Latest data confirms the rapid slowdown despite stock markets booming in the UK, U.S. and globally. This highlights the major disconnect between the real economy and a financial sector intoxified by...

The following chart from the Federal Reserve's own data pretty much sums up America. The rate of home ownership and the labor participation rate peaked about 10-15 years ago and it's been downhill since.

The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project. They measure a basket of goods, and we can see how it changes every year.

We lost our country the moment Woodrow Wilson signed into being the Federal Reserve Act, which has no connection (in any real sense) to the federal government. Next we have a President who is told who to nominate, a faked motion, by appointing its chairman Yellen at...

A $20 rally here, a $10 rally there, and pretty soon we’re talking about the dawning of a bull market! It’s too early to tell, of course, but we should guard against the tendency to be dismissive of every positive event in the bullion asset world.

The irony about the current gold market is that gold is actually slightly higher than it was two years ago in June 2013 when it made a crash low. But many gold market pundits and the financial media have maintained their bearishness on gold for two years predicting...

Gold cooled off in the overnight session, which should not be a surprise after the sharp rally we saw yesterday! If this rally is now wave -iii- then gold’s raly should dramatically accelerate sharply over the next couple of weeks. Once we rally above the $1225...

The newly released Pentagon’s Cyber Security Strategy opens thus: “We live in a wired world. Companies and countries rely on cyberspace for everything from financial transactions to the movement of military forces. <…> Organizations of every kind must build...

Given its ancient history as money and jewelry, its religious connotations, the fact that it is both beautiful and laborious to dig out of the ground, process and store, gold is an asset that promotes strong and often emotional views and so it is the perfect central...

In this weekend’s Audioblog, I discussed how Wall Street and the Mainstream Media, so brainwashed by the financial bubbles Central banks have fostered, have essentially stopped reporting the news. Not just so-called “important” news, but all of it. After all, with...

Several people have asked me “why doesn’t a cartel form to take on the suppression schemes on the COMEX and LBMA?” This is a very good question. One I believe can be answered with some common sense, a little bit of thought and a very broad view.

While the benchmark GDX and GDXJ ETFs are struggling to stage clean upside breakouts, many individual gold stocks are staging dramatic rallies.

Well-known Moscow journalist Dmitry Kalinichenko expressed it well: “Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future. No matter how strange it may seem, but right now, Putin is selling...

Precious metals had their best day since January yesterday as the price of gold and silver rose substantially. Gold rose over 2% and is now back above the important $1,200 per ounce psychological mark while silver surged 4.4% and is now comfortably above $16 per...

Both gold prices and silver prices have corrected longer and deeper than we initially anticipated. Gold is starting the sixth week of its current Biannual Cycle (average 20+ weeks) and is only $40 above the $1,141 Biannual Cycle Low. The US Dollar should break below...

Every once in a while it is good to go back to basics. We have looked at the topic of whether gold even matters several times in the past. Charles Hugh Smith undertook the exercise of "re hypothecation" process last week and can be read here. He ends this...

Today I would like to focus in on the bigger picture by looking at some long term charts for the precious metal complex. I know most enjoy the action by looking at the minute charts but they’re more likely to morph into something different as time goes on.

Relative to the low at 1142.40 recorded March 17, June Gold remains in a bullish trend that it has been correcting for the last three weeks. What validates this interpretation is that early April’s 1224.50 high slightly exceeded a prior peak at 1223.70 recorded on...

Gold jewelers are betting the Indian Akshaya Tritiya festival will buoy demand for bullion. Jewelers expect the festival could drive up sales by as much as 30 percent over last year’s level. Already, gold imports are estimated to have hit 125 tons in March, compared...

There is little or no transparency in the way central banks report national gold reserves to the IMF. China has 1,054.1 tonnes of gold in its official reserves. Yeah right! The USA has 8,133.5 tonnes in its reserves – the world’s largest. But forgive me if I treat...

In what future generations will likely see as a major, potentially catastrophic blunder of monetary policy, the West and particularly the City of London continues to hemorrhage huge volumes of gold which is flowing Eastwards to Singapore, India and China from London...

For the last few weeks, we have provided you with proof that movements in markets occur within waves, as discovered by R.N. Elliott, and that decision making and changes in trend are governed by Fibonacci mathematics and the properties of Phi. So, how do we apply...

This week a subscriber shared with me an interesting and well-written analysis. The focus was mainly relative to gold. He wondered if I might shed light on silver – based on similar parameters. First and foremost, I do not deny the complex tertiary dynamics with...

After two weeks of moving and filling around the US$1,200 level Gold finally broke down on Friday. I had anticipated the sideways trap since early April and explained my bearish outlook in my recent analysis as well.

Last week, SPX tried to make a new high but was restricted by heavy resistance to only fractional gains which immediately attracted sellers. The daily and hourly indicators make it questionable that it will succeed in going much higher in the near future and it may...

A great week for markets and stocks, which are breaking out well…but not on super heavy volume quite yet. Perhaps soon we will see volume really accelerate on this breakout, which we do need for this to really give us the next month of very strong action.

Long time readers of The Gold Update have come to learn that our microphones are just about everywhere, even aboard Gold's ongoing flight at (what was) 1200. To wit: "Uhhh, ladies and gentlemen, this is Captain Endicott speaking: you may have noticed we're in a...

The past few years have been brutal for the gold miners, most of which brought it on themselves by starting new, high-cost mines just in time for the metal’s price to crater. The resulting write-downs and operating losses have made this without question the most...

One of my stock-market pet peeves is the current earnings fetish, which would have little value in predicting valuation trends if the casino weren’t rigged. Few people today can recall why Charles Dow actually began compiling his stock averages back in 1885: to use...

A friend sent me the link below, which seems extraordinarily relevant in context of the fact that I once calculated the value of the Chinese ghost cities at around $6.5 trillion. The article discusses the downward pressures on China’s economy.