Gold Editorials & Commentary

World financial markets are poised for a major phase transition. We are witnessing a bubble trifecta where a bubble in bonds, equities, and housing are beginning inflate beyond sustainability, which poses a very real threat to what is left of the real economy. Add...

The Fed decision was the catalyst for the final breakdown in precious metals. On Thursday Gold closed at a new low, below $1200 and the gold shares also closed at a new low. Last week we wrote: “The bulk of the evidence leads me to believe that we probably have not...

One characteristic of an investment bubble is dramatic upward price acceleration during the final 6-12 months of a long-term advance, followed by a price collapse. Beware, however, that it is possible for a price chart to create the impression of dramatic upward...

After five years of (empty) promises; this is it? Today, to the thunderous applause of the Corporate Media, the Federal Reserve announced what is being called “modest tapering”. However, to appreciate how truly trivial and token was the “tapering” announced today...

Kurt Vonnegut once said “Laughter and tears are both responses to frustration and exhaustion.” When it comes to watching the financial media discuss the “rosiness” of the US economy, frustration and exhaustion are two words that definitely come to mind.

Let's get right to the charts tonight as everything seems to be going according to plan so far. Today’s move in gold seemed volatile but when you look at the daily chart, the price action fit right into another little Diamond consolidation pattern, that has formed...

Ben Bernanke is concerned about his legacy. Any why not? After all, he’s all but destroyed capitalism to benefit the largest banks in the financial system. Capitalism means failure if you screw up. But under Bernanke’s watch, “capitalism” meant giving trillions in...

All markets go through cycles. Secular or long term bull markets are often interrupted by cyclical or short term bear markets. These short term bear markets often feel like they will never end, but they serve to refuel the bull market. The reason is bull markets...

Now we know: The Fed is going to purchase $75bn of assets, a reduction of $10bn a month. The two other bits of information that came from the FOMC meeting were that purchases of US Treasuries and mortgage bonds are to be cut by $5bn each, and interest rates will be...

WHOLESALE London gold sank against all currencies Thursday morning, falling 1.9% vs. the Dollar to hit 6-month lows after initially trading flat overnight despite the US Fed finally reducing its $85 billion per month in asset purchases.

In my article “Faux Gold Arbitrage” from early September, I had given a detailed explanation why backwardation in gold forward markets had nothing to do with arbitrage. In a follow-up titled “Fekete's Arbitrage Fallacy”, I pointed to the – as far as I can see –...

If we forgot everything we know and took these three charts to the Odds Maker in Las Vegas and asked for his opinion what would he say to us?

As we come to the end of 2013, it’s a good time to reflect on some of the biggest resources stories of the year. One that immediately comes to mind is the U.S. energy resurgence and its tremendous effect on oil and gas.

The US DOLLAR price of gold held flat Wednesday morning, ticking above $1230 per ounce in very quiet trade ahead of today's much-awaited decision on monetary policy from the US Federal Reserve.

We make choices in our thinking, lifestyle, savings, and investments. We can look reality squarely in the face and swallow the red pill (from the movie – “The Matrix”). Or, we can swallow the blue pill with a healthy slug of whisky, continue riding the roller...

I am not certain how we should react out of the gate to the situation with Zions Bancorp. Utah’s largest banking group revealed that it will take a one-time $387 million post-tax charge, based on its interpretation of the Volcker rule. Essentially, Zions believes...

After 100 years of the US central bank, does it deserve another try...? SO IT WILL be 100 years on December 23rd since the Federal Reserve was born. The purpose in 1913 was to form a regulatory body to help stem the tide of bank failures in the United States of...

The XAU/USD pair had a slightly positive session but as we can see uncertainty over when the Federal Reserve would start winding down its $85 billion monthly bond purchases continues to affect the market sentiment. In the latest economic data, Markit's flash...

When it comes to the markets ignore everything you hear and see with the exception of the markets themselves. You can see all you need to know about the markets’ progress on charts of the markets. The only thing you need to know is how to read them. It is as simple...

I may have shocked a lot of gold bulls with my recent prediction that the Fed will “taper to zero” over the next 12 – 18 months. I’ve likely shocked the bears even more, with my view that the taper is extremely gold-bullish.

In our previous commentary, we examined the situation in oil stocks. Back then, we wrote in the summary: (…) the outlook for oil stocks remains bullish and the uptrend is not threatened, however, taking into account the medium- and short-term sell signals, further...

US lawmakers reached a budget deal this week that will avert the sequester cuts and shutdowns. These fiscal “roadblocks” supposedly damaged investor confidence in 2013, although clearly no one told equity investors who’ve chased the S&P 500 up 26 percent this...

A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is almost irresistible. In such a system with a constantly increasing money supply and, as a consequence, constantly...

YESTERDAY'S rise of $15 per ounce in gold was erased Tuesday morning in Asia and London, as the US Dollar rose and world stock markets held flat overall.

Last summer, the Fed said they were using three main criteria for reducing their monthly bond buys – economic growth, employment, and inflation. How do things stand relative to these benchmarks?

On November 19th at National Economists Club Annual Dinner Bernanke gave a speech which could be seen as a sort of testimony or farewell (probably one of many coming soon). The message he has sent was in perfect compliance with what was being communicating to the...

There is inevitable speculation that tapering might be announced at the FOMC meeting this Wednesday. It should be noted that this is Ben Bernanke’s swansong, and if tapering is to be announced he would probably go out with falling bond markets, falling equities and...

The PRICE of gold bounced from a steady drop Monday lunchtime in London, trading back at $1234 per ounce as Asian stockmarkets ended sharply down but Europe ticked up ahead of this week's US Federal Reserve policy decision, due Wednesday.

During the last four years of the Roaring ‘20s, the DOW Stock index roared upward +143%. And during the same period Barron’s Gold Mining Index (BGMI) rose +83%. But then in October the Great Stock Market Crash OF 1929 began. During the following four bear market...

I turned bullish on gold bullion in 2002. At that point, gold bullion was trading around $300 an ounce. Now, it trades above $1,250. Simple math suggests this is an increase of about 260% in 11 years, or an average gain of about 23.6% a year.