Gold Editorials & Commentary

Will Gold Bottom this week or will a capitulation phase begin? We covered capitulation in part 1 (Gold: A critical crossroads this week) of our three-part editorial series. In this part we will discuss how a low may very well arrive this week. First, I would like to...

Our gold price forecasts have anticipated this breakdown in price for many months now. That is because we use sentiment to drive our forecasts and not fundamentals. Our current forecast below is for a final breakdown in price and sentiment over the coming weeks.

The FOMC meeting looms ahead, as the main driver of global gold prices, in the short term. The policy announcement will be made at about 2PM on Wednesday, and most analysts believe Janet Yellen will remove the word “patience” from the Fed’s position on interest...

As an addendum to yesterday's writing, today we should tie together the new alliances and what appears to be Western defections toward the East. Just overnight, Australia also applied for membership to the AIIB, a U.S. rebuke is sure to follow, who is next? With...

In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are keeping the stop-loss levels at their current levels, which means that we are effectively keeping some gains locked in and at...

The London Gold Fixing, the twice daily gold pricing mechanism at which the bulk of physical gold transactions take place is changing dramatically. In the past five London Based gold bullion banks on a direct telephone link to their clients established a price at...

Gold prices have remained relatively steady this week, despite being pressured by a stronger U.S. dollar ahead of a key U.S. Federal Reserve policy meeting this week that could hint at the timing of any hike in U.S. interest rates.

If our thinking is correct, then gold should rally, but it will be messy. So how could this bullish scenario go bust? Well, we must stay above the wave 1 high of 1033.90, and we likely need to stay above the 1130.40 low also.

Jim Stack says sentiment is out of line with the fundamentals. Other things give him pause: Margin debt has peaked and begun to fall. “Past peaks in margin debt have led or coincided with the start of past bear markets,” he wrote in InvesTech Research. Professional...

The new Apple watch could revive the allure of gold for young consumers. Apple, which called gold “uniquely luxurious” in its advertising, has a history of swaying consumer tastes. U.S., U.K. and Italian demand for wearables made out of gold has been cut in half...

The dollar has staged such a stellar performance since the start of the year there is now an almost universal acclamation of its strength and a consensus that parity with the euro is very close. A strong dollar means a low gold price, or does it? Gold is actually...

The Minister for Finance in Ireland, Michael Noonan, sold his shares in funds that track European and US stocks and diversified his portfolio including allocating some of his personal wealth into a gold exchange traded fund (ETF) in 2014.

Gold reached the target at $1150 and closed above that support level last Friday. Unfortunately, the weekly chart is still suggesting that price is heading lower. The three moving averages are in bearish alignment, MACD is in bear mode (both lines below zero), and...

The precious metals markets are at yet another inflection point and as usual there are several different directions they could take. As a trader, it’s imperative to keep an open mind and not to get attached to a particular conclusion or path but rather listen to...

So with the advent of global QE, and zero interest rates, have central banks unlocked the key to perpetual bull markets? Let’s just say, I doubt it. They have managed to stretch some of the multi-year cycles, and hold off the bear much longer than most have...

We are about to see a series of cycle turns occur simultaneously over the next 30 trading days, a period which includes a Fibonacci Cluster turn window with 10 observations. Within this 30 trading day period are a number of very unusual astrological events, which...

I have endeavored here to give you a short-term and a longer term perspective about the market, primarily through the analysis of SPX charts. But also by suggesting that if two of the primary leading indexes (XLF and XBD) are exhibiting significant relative...

I am always optimistic in my views and look for the best outcome…but I am not blinded by it. I readily change my view as action dictates and it is telling me markets have a little more correcting to do.

Gold has been very weak during the first two weeks in March. Bulls could not defend the $1,200/1,190 level and consequently the market sold off down to a recent low around $1,146. The expected recovery never happened. The main driver remains the unprecedented US-...

Several weeks ago, I had the honor to present at the Prospectors and Developers Association of Canada (PDAC) annual convention. Since then, I have had many requests to publish my presentation – so here it is:

As we move deeper into 2015, we find our economy and financial systems still in quite a mess. We’re approaching the end of a dark road the “policy makers” have been leading us down for nearly a hundred years. How the Federal Reserve actually stimulates or...

Some years back in 1513 when Niccolò Machiavelli penned and first circulated his philosophy with respect to principalities, in controversially favouring truths over ideals (heaven forbid!), he queried as to "...whether it is better to be loved rather than feared, or...

Gold closed the week at $1,158.55 down $8.64 per ounce (-0.74%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 3.42%. The U.S. Trade-Weighted Dollar Index was up 2.63% for the week.

Last month I was at a foreign direct investment conference in Sharjah and bumped into an old friend, Mishal Kanoo, whom I had not seen for a few years. He is now the boss of his family’s multinational corporation and listed as one of the world’s 20 richest Arabs. He...

If one addresses what is going on between China and the IMF, while keeping an eye on the Federal Reserve’s fiat debt instrument, incorrectly called the “dollar,” then the likelihood of a significant rally in gold and silver may not develop this year. Those...

When you look at these different currencies you will see some massive topping patterns that reversed their bull markets. You will also see they still have a long ways to go to the downside before this bear market is over. If that is the case then the US dollar has a...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on sell signals. Gold sector cycle – down as of 2/07, ending the up cycle since November. COT data suggests lower metal prices ahead.

This week has been all about currencies, with a weak euro grabbing the headlines. At one point yesterday morning, the euro was 3% down from last Friday's close, hitting a 12-year low against the US dollar. The yen was also weak, challenging its multi-year low point...

The precious metals sector is oversold and due for a bounce. Miners and metals have endured severe declines in recent weeks and are likely to rebound from the 2014 lows. The miners are just starting to rebound and the metals should follow. However, until proven...

The gold outlook for 2015 has, so far, been dull, but considering external factors, things could turn around for gold prices in 2015.