Gold Editorials & Commentary

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.

Right now, even the staunchest gold investors are weary of the years-long drubbing the gold price has taken since its $1,921 peak in August 2011. Whether the frustrating experience is the work of a market-rigging conspiracy, government manipulation of data to hide...

Within weeks of the start of 2015, the Gold price had soared to nudge above $1,300 prompting many gold bugs to start proclaiming that the long anticipated resumption of the gold bull market had begun after what had seemed like an never ending 3.5 year bear market...

The mighty US dollar has been red-hot in March, rocketing higher on the incredible divergence of major central-bank policies. While the Federal Reserve’s first rate-hike cycle in 9 years looms, the European Central Bank has started aggressively monetizing sovereign...

Gold rose 12% against the euro in 2014 and so far in 2015, gold has risen a further 11% versus the euro. The euro has fallen 23% against gold since January 2014. Gold has risen from EUR 880 per ounce in January 2014 to EUR 1,090 per ounce today.

After enjoying a robust bull market run for more than a decade, gold’s long-term uptrend officially reversed last October and something that suggests continued selling pressure is likely to drive gold lower – perhaps significantly lower – over the medium/long-term...

The Federal Reserve Open Market Committee’s Meeting takes place this coming Wednesday, March 18th. The question in front of the Fed is whether or not to remove the word “patient” which would imply a move to begin normalizing interest rates will take place this...

Ben Kramer-Miller, a fundamental gold stock analyst who I keep an eye on, recently had an article at SeekingAlpha called Gold’s Bull Run Has Not Yet Begun. I remember taking note of the title when it came out, but as is usually the case I did not have the time, nor...

In this interview with The Gold Report, Tocqueville Asset Management fund managers Doug Groh and John Hathaway say that though gold investors have been through a nuclear winter, the future looks bright as mining companies bask in the glow of lower costs, better...

We have watched, even marveled at how the U.S. dollar has strengthened since last September. All sorts of theories have been put forth as to “why”. Some have proffered the dollar is the cleanest dirty shirt of the bunch. Others believe the interest rate differential...

The markets staged a brief dead cat bounce yesterday. We are coming up on the critical 126-day moving average (DMA), which has acted as support for the S&P 500 multiple times since the beginning of 2014.

Would you like your advice from someone who has been successful or from someone who’s failed? I’d prefer to hear from a winner. Now that the gold market has been mauled by a bear, we can sort out the pretenders from the contenders in the mining industry. After all,...

The Federal Reserve has issued a stinging rebuke to two of Europe’s largest banks – Deutsche Bank and Santander. U.S. operations of Deutsche, Germany’s largest bank, and Santander, the biggest bank in Spain and a large player in the UK market, were found to have...