Gold Editorials & Commentary

2013 worked out much better for most major bourses than even optimistic forecasters expected. In large part that was due to multiple expansion. Traders bid up the value of each dollar of earnings and the P/E ratio for the market increased.

In January 2014, TERA Asset Management, LLC, launched Tocqueville Bullion Reserve (TBR) with approximately $50 million in assets. TBR is a private partnership designed to help manage systemic risks revealed during the Global Financial Crisis and later through Refco...

Chart Analysis Major Markets, Gold & Silver Bull Flags via videos

Everyone should own gold and silver bullion in the form of coins and bars. The Incas believed gold was the "Sweat of the Sun" and silver was "Tears of the Moon."

Today another piece fell into place in my Great Inflation scenario that I'm expecting for 2014. Before I begin let me recap. My overarching driver for the Great Inflation scenario is that the dollar would have some kind of crisis, or semi-crisis late this year as it...

Gold stocks just surged to a major technical breakout, a very bullish omen. Investors are actually starting to redeploy capital in this battered sector, catapulting gold stocks into the early lead as 2014’s best performers! This year is shaping up to be the polar...

In recent months we compared the bear market in gold stocks to bear markets of the past. Readers were probably getting sick of seeing our bear analogs chart which made the case that a major bottom was coming. The good news is the major bottom is in and now we can...

The China Gold Association this week released estimates for China's "gold consumption" for 2013 at 1,176 tonnes. Furthermore the CGA reported China's own gold production at 428 tonnes. The CGA's figures were significantly less than recorded imports into China from...

We preface the post with a statement that has not changed since I began public writing nearly 10 years ago: Gold is not about price; gold is about value. This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward...

Nothing matters to anybody until it matters to everybody — and by then it's too late. This could easily be said for the gold and silver price manipulation.

It’s been a tough bear market for the gold and silver miners. The Philadelphia Gold & Silver Miners Index (XAU) reached a weekly high in April 2011 (225.79) and declined some 64% peak to trough by December 2013 (weekly low 80.43). After an 11-year bull market in...

Trading position (short-term): In our opinion no positions are justified from the risk/reward perspective. On Wednesday, crude oil rose on better than expected economic data from China and climbed to its highest level since late October. Despite an increase to a...

Before we get into tonight’s charts I would like to explain what my goal is right now for the precious metals complex. We never know 100% for sure when we have a bottom in place. All we can do is look at the charts and indicators and try to get the odds in our favor...

"A great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the WORST RULED, one of the most COMPLETELY CONTROLLED and DOMINATED GOVERNMENTS in the world--no longer a...

A BOOK COULD BE WRITTEN ON THE SUBJECT OF GOLD AS A HEDGE against the various ‘flations. I hope the short sketches provided over the course of this series will serve at least as a functional introduction to the subject. The conclusion is clear: History shows that...

In our current age of spin and counter-spin, there is no contortion too great for a politician to attempt. On occasion, however, the threads of one story become entangled with another in a manner that should deeply embarrass, if the media were sharp enough to catch...

In the gold market, there may be a “perfect storm” of bullish fundamental forces converging now. First, gold jewellery companies in China are reporting phenomenal increases of 15% - 50% in sales, for the Chinese New Year buying season.

1. Germany requested that the NY Federal Reserve return the gold that Germany shipped to the United States decades ago. If the gold were physically in the vaults, it would be relatively simple to ship the gold back to Germany. It has not been returned, which begs...

As we sit ahead of a future inflation or deflation or both, still to come, we need to understand how gold will perform in these sets of conditions. Much has been written on gold being an inflation hedge but not so much on its value in deflation. But gold is not so...

Since roughly the beginning of this year; we have witnessed what is being characterized by the Corporate media as “the worst selloff in emerging-market currencies in five years”. This comes several months after our authorities began a (supposed) investigation into...

On Friday, crude oil gained 2.27% as the U.S. dollar weakened against major currencies after a monthly U.S. employment report came in weaker than expected. Thanks to these circumstances, light crude extended gains and rose above $100 per barrel for the first time in...

In this Weekend Report we’re going to look at some short term charts for the precious stock indexes and try to decipher if this congestion zone they’ve been trading in for the last two weeks or so is a consolidation pattern that will allow the price action to rally...

Every week, our investment team reviews a variety of sources to formulate a summary of the top events in the gold, resources, and emerging markets. The results are categorized in terms of strengths, weaknesses, opportunities and threats. We believe this SWOT model...

If the 2000 collapse of the US dot.com bubble was an economic heart attack, the 2008 economic collapse was a stroke, a stroke so severe that the usual central bank response, to lower interest rates, did nothing to revive economic growth.

The United States is fast racking up characteristics of a Third World nation. Its finances are Third World. Its president is Third World. Its banking integrity is Third World. Its absent industry is Third World. Its decaying cities are Third World. It urgently begs...

The monetary backdrop continues to be very different in the US today than it was in earlier post-bubble periods. This is slowing the corrective process and introducing new price distortions that will have to be 'resolved' via another devastating economic bust. When...

Those who do not learn from history are doomed to repeat it, which means those investors who cannot remember the past are condemned to su

It’s too soon to tell, but the correction is probably not over for the reasons that I will mention in this report. The top distribution pattern on the Point & Figure chart had given us a potential target of 1678 IF the entire span was considered. It is not...

It's been two and a half years since the bank-coordinated reversal of the bull market in gold and silver began on September 7, 2011, the day after gold touched an intraday high of $ 1923.70 . Since then, there have been repeated coordinated operations that have seen...

You might remember, in the January edition of this newsletter I described how I manage my investment account. One of the things I do at the beginning of the year is to set target prices for each of my holdings in my investment portfolio. It is important to monitor,...