Gold Editorials & Commentary

Mr. Obama’s Robin Hood $4 trillion budget was dependent on $320 billion of additional taxes just to keep the deficit at $474 billon. His stubborn effort will trigger a standoff with the Republican controlled Congress and yet in his rejection of “austerity”, he...

As stated in part 2, either Gold would bottom this week or begin a sharp move lower, both outcomes hinged upon the Fed decision. The statement they released dampened expectations of an interest rate hike coming sooner rather than later, and commodities moved higher...

Have you noticed that some gold investors don’t seem very concerned about the current behavior of gold? While the price remains weak and range-bound, some gold investors don’t seem worried about it at all.
The natural reaction to an asset you own losing a third of...

For once in a rare change, gold futures have actually held onto a gain achieved the previous day. Although they made no upside headway on Thursday, it was something of an achievement for them to have merely stayed aloft. The bullish abc pattern shown has a clear-as-...

Following the Federal Open Market Committee (FOMC) meeting yesterday, Federal Reserve Chair Janet Yellen made it clear (again) that interest rates would not be raised until inflation gains more steam. With current inflation rates negative for the first time since...

The US dollar has topped out with its spectacular recent spike followed by a five per cent crash on Wednesday. That’s the conclusion of HSBC today, although something like the bankruptcy of Greece could still push the euro underwater again. So where do currency...

Julian Jessop from Capital Economics has written an interesting short piece on the company’s expectation for gold prices. It analyses golds performance, in four charts, against the US dollar, US treasury yields and expectations by investors for a Eurozone break-up...

Based on what I am currently seeing at this time, it looks as if the best the Fed could do is to put a temporary floor under the gold price and a temporary cap on the Dollar. As to how long either or both will hold, that is anyone’s guess. Perhaps until we get the...

Yesterday’s FOMC was bullish for most assets, as the FED indicated it was not ready to beginning raising rates. The FED’s ZIRP policy, designed primarily to encourage lending and speculative asset purchases, is clearly here to stay for a while longer. But for gold,...

Yesterday the Fed made their announcement and deleted the famous word “patient”. I have never seen such a nonsensical frenzy over anything, never mind a single word. The reaction was everything …except the dollar was bid. Sadly, reality has also been deleted as...

It doesn’t cease to amaze us to see the ongoing consistency in price moves over the years. Gold has phases and as each one comes up, we watch it closely to see if this time repeats a similar pattern.

What Titanic? The RMS Titanic, or any of the following: A titanic quantity of derivatives – say 1,000 Trillion dollars. A derivative crash was at the center of the 2008 market meltdown. It could happen again since there is now more debt, leverage, and risk than in...

Gold rose sharply following yesterday’s Fed announcement in which it was indicated that the Fed are unlikely to raise rates in June - although the possibility was not ruled out - due to the poorer economic data that has been emerging this year.

Until the latest pullback on Wednesday, the U.S. dollar index had been on a rip-and-tear for most of this year. Earlier this week the dollar hit a new multi-year high as concerns over Europe and China have fueled foreign interest in U.S. assets. The greenback’s...

I’ve been wrong about it for two years now, ever since $1350. Truth is, I warned of that number as the lower end of a possible range of prices through 2012 before the Fed rolled out “QE3”. Although I have never rejected the possibility of even lower numbers for...

Wednesday is yet another Fed meeting where we get to hear "policy" from them. So many times in the past, the upcoming meeting has been called "THE" most important meeting ever. This one is being called the same thing. I have mentioned more than a few times in the...

Greece, as a country, represents 2% of Europe’s GDP. The country lied in its financial to enter the EU. Since that time, it’s been officially bankrupt since 2010. The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (...

The price of gold is forecast to double in the next 15 years, and growing wealth across Asia, particularly in China and India, will lead to demand for gold bullion and send its value soaring, a new study from ANZ predicts.

Fibonacci numbers, another Blood Moon and charts are presenting ominous warning signs! Control of this economic war, on the people of this world, by abnormal means of rigging, deceit and manipulation are prevalent wherever one turns and THEIR weapons of mass...

The markets have been very volatile. This has led to many questions and the most frequently asked questions follow… Q. We’re hearing a lot about deflation, but how bad is it? A. Currently, it’s intensifying. Inflation is declining around the world and it’s gone...

Some days, I sit back, and look at the patterns in the metals and think “this market is truly trying to screw every possible participant that it can.” Along those lines, for the last several weeks, I have been warning you that the set up I am tracking is “evil in...

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...