Gold Editorials & Commentary

Gold closed March in bearish fashion and in spite of some strength since then it has failed to make any significant progress in either direction. The weekly close was weak and left gold vulnerable to any kind of selling pressure.

Gold has managed to avoid a complete chart breakdown thus far, but that is due more to buying in the physical market out of the Far-East rather than any wholesale interest among the high-powered, deep-pocketed, Western-investment crowd.

During the last two weeks the model changed from a buy signal to neutral and now to a sell signal. The GDX Daily-Chart is on a sell signal for the second week already while this weekend Gold in Indian Rupee, the US-Dollar Daily Chart as well as the US Real Interest...

Speculation on if and when the FOMC will recommend the start of US interest rate rises continues to move gold up and down.

It now looks as though Q1 gold withdrawals from the Shanghai Gold Exchange (SGE) will have reached around 625 tonnes – a 10.8% increase on last year’s record figure of 564 tonnes. The actual figure for the week ending March 27th (no Easter holiday in China) was...

The latest Gold Survey from Thomson Reuters GFMS holds out few surprises coming to very much the same conclusions as others of this ilk from Metals Focus and CPM Group. It does however put China back as the global No. 1 gold consumer last year – contrary to the...

In an essay published by R.N. Elliot – the discoverer of Elliott Wave analysis - on October 1, 1940, he opened with: “Civilization rests upon change. This change is cyclical in origin and characteristics. A rhythmic series of extreme changes constitutes a cycle...

Since early March, SPX has traded in a broad range of approximately 85 points. The support level, which is between 2040 and 2050 has been tested several times and held each time. The last test was on 4/01, and this generated another short-term uptrend which...

Although gold has rallied as expected in the last update, the advance has been modest and now it appears to be weakening again, and with its latest COTs showing a marked deterioration and the dollar maintaining its parabolic acceleration, it looks set to drop back...

One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For Americans that means looking out through a window that is distorted by the dollar’s recent surge. A C$100-a-night Vancouver BC...

The past week was quite “boring” in the precious metals complex. Gold and silver traded lower during the week before recovering on Friday. The miners, obviously, followed a similar path.

Astute market observers are likely aware that Mr. James Dimon (JPMorgan Chase's Chairman and President and Chief Executive Officer, like so many folks in this economy having to hold down three jobs), noted in his annual shareholders letter this past Wednesday that "...

People never want to hear bad news, especially when it’s really bad and undeniably true. So, most of us turn on the television to get our world view from “reporters” and “experts” who have apparently dedicated their lives to protect their viewers from hearing the...

The Western U.S. Dollar based monetary system is headed for a train wreck. This isn’t a matter of IF, it’s a matter of WHEN. Investors lulled to sleep by the low paper price of gold are losing out on the best buying opportunity of a lifetime. The precious metals...

I warned back a few days ago that the market looked tired. We got a few more points since then as the FED minutes on Wednesday helped fuel the market higher. The set up is there for another “sudden 2% drop” early next week like we had on Mar 31-Apr 1.

US Markets remain trading within larger patterns, or range-bound, but are approaching upper levels within those ranges while the dominant trend remains higher. Stocks are setting up better charts by the day and have really come around in the last week or two -- and...

On this week's release of NYSE Margin Debt, Business Insider headlined "Traders are betting on stocks with tons of borrowed money". As noted on our last review, the pattern has been a compulsive peak in margin and a correction in the amount and the stock market....

There is little going on in the precious metals markets that indicates directional movement to the upside, and not even much to the downside. The news is as disjointed but permeated with sameness as ever before. To try to make sense of nonsense remains in the...

Gold sector is on major sell signal. Silver is on a long term sell signal and investors should be in cash or short.

Gold and gold mining shares appear to be as contrarian today as in 1999, before a decade‐plus run in which bullion rose nearly seven‐fold in US dollar terms. For those who are concerned that the financial markets are overvalued, we believe that gold offers an out‐of...

During 2014 country Central Banks bought 477 tonnes…close to a 50-year high…and that’s equivalent enough to buy 75 Boeing Dreamliners planes. This is at once astounding as well as revealing vis-à-vis a slowly dropping gold price since late 2011.

Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These...

You might not be the type who needs or cares to subscribe to commercial market commentary/advice/trading/management services, but one thing we all can do is work through the freely available stuff calling itself ‘analysis’ flying around out there at warp speed and...

One of the persistent arguments against owning gold by many financial advisers and brokers is that it “does nothing” and it incurs storage costs. Unlike cash, which earns interest, gold is a non yielding asset. The second is that gold will perform badly when...

The stronger than expected February’s job market report fuelled expectations that the Fed will increase interest rates sooner rather than later. We believed that market reaction was a bit exaggerated, and suggested in the Gold News Monitor not taking the hike for...

Last time I wrote, I was dealing with the futures sell-off when the market was closed on Good Friday. I had been expecting strength into Monday, but the futures down move of almost 20 points made me rethink an alternative scenario. As it was, we didn’t have to sell...

One of the best ways to gain some perspective on stock markets and gold is to look at the Dow Jones Industrials (DJI)/Gold ratio. The Dow/Gold ratio has a long history as the 200-year chart above attests to. The ratio has had considerable movement over the years,...

“The proper use of capital allocation is to maximize long-term value per share.” That’s according to Ralph Aldis, USGI’s resident gold expert and, since 2001, portfolio manager of our two precious metals funds—Gold and Precious Metals Fund (USERX) and World Precious...

There is now mounting evidence and undeniable proof that the world is actively preparing for economic life after the death of the US Dollar. The facts are now quantifiable, and for those of us who are accustomed to this moment in history where the Dollar is still...

The plan for today was to pen an article regarding silver. I believe silver to be the cheapest, most undervalued asset on the planet. From these current levels I believe any capital in silver is a no brainer. Let’s hold off on this thought until next week however...