Gold Editorials & Commentary

Barron’s Best & Intermediate Grade Bond Yields provides us with an excellent history of investment grade bond yields from December 1938 when Barron’s first computed its Confidence Index (CI). I reconstructed these two bond series going back to 1934 (Red Box)...

By far the largest exporter of gold to China and to Hong Kong is Switzerland and its latest figures for 2014 suggest that 36% of Swiss gold exports are now going to mainland China directly.

The COT report explains the reason we saw such a dramatic drop in the gold price (along with all of the other safe havens such as bonds and the Yen) today once the payrolls number hit the wires.

A tricky week that I did not handle well. I’m still trading very, very light. But it seemed most of what I tried didn’t work…and I ended the week down, which does happen sometimes. I’m not perfect and never profess to be. But I do pretty well most of the time.

As I mentioned the strong upward movement in the USD index might not be such a good sign for the world, because all other currencies are falling by the wayside. Next to that it also indicates that people are very much on one side of the trade…and therefore makes the...

How are all them facts and figures about gold/silver accumulation by China, Russia, India, et al, shortages at the COMEX, LMBA for delivery of the [non-existent]physical metal, drainage of GLD, unprecedented public demand for coins, accompanied by pretty graphs and...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on new sell signals. Gold sector cycle – down as of 2/07, ending the up cycle since November. A bear market rally has completed, short sellers should sell into any bounces.

In the last trading week of January on the Shanghai Gold Exchange (SGE) another huge quantity of gold left the vaults. According to the latest SGE data in week 4 (January 26 – 30) nearly 54 tonnes were withdrawn, down 24 % w/w. Year to date a staggering 255 tonnes...

These charts summarize gold's impressive performance during the tumultuous first fourteen years of the 21st century. Investors fearing some future Black Monday, a general bank or currency collapse, a 1930s-style economic depression, or a sudden and virulent...

In the beginning, there were interest rates. Then, after 2008, hyperactive central banks sought to restore growth by adopting Zero Interest Rates Policies (ZIRP) on a premise that zero rates must be better than low rates. Another ZIRP objective was to lift prices of...

There’s no doubt the gold-mining stocks remain deeply out of favor, collateral damage from the Fed’s gross financial-market distortions of recent years. But sentiment is shifting, with stock traders starting to regain interest in this left-for-dead sector. Gold-...

US$, China Stock Market, Gold Bull Flag, River Right Shoulder, GDX & GDXJ analysis via videos.

As we watched the Prime Minister and the Finance Minister of Greece travel though Europe in a failed attempt to re-negotiate the terms of the “Bailout” it received, we find ourselves thinking quite differently to the mainstream commentators. Ours is not a jaundiced...

The “perfect-storm” of geopolitical instability, diplomatic isolation, severe currency depreciation, and economic decline now confronting Russia has profoundly damaged Moscow's international standing, and possibly for the long-term. Yet, it is precisely such...

Gold and gold mining shares rebounded strongly from the end of December through the first three weeks of January. Over the past several weeks the sector has digested those gains while holding above rising 50-day moving averages. The sector is nearing a bit of a...

For our Thursday report, I wanted to zoom out and take a 30,000 ft. view of Gold & Miners. Often we get wrapped up in the day to day wiggles and giggles, forgetting to take a deep breath, step back and occasionally reanalyze.

The stock market has had wild roller coaster ride during January in the wake of the euro-zone crisis where one of the best days of the year (+275) is immediately followed by the worst day of the year (-335) the effect of which is to literally grind the strength out...

Currencies are the ultimate benchmark of your wealth…especially in the intertwined world we are living in. Currencies are in my view the ultimate benchmark of your wealth…especially in a world that has become so intertwined that differences in currency rates affect...

Wall Street breathed a sigh of relief this week after a case of the jitters the last couple of weeks. Fears over a deflationary plunge in the euro zone had sparked an increased demand for safe haven assets, including gold and silver. The decline to multi-year lows...

The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the...

The shock ECB announcement that it is to remove vital funding to Greek banks and financial system led to volatility in markets yesterday and demand for safe haven assets – including German bunds and gold.

Today I would like to look at the precious metals complex and see how things are moving along. Consolidating would be an understatement. The PM complex has been in a very large consolidation pattern going all the way back to the June 2012 low where the HUI, GLD and...

Financial writer Bill Holter says there is better than 60% to 70% chance that another financial calamity will hit in 2015, and it could start from anywhere in the world. Holter contends, “It doesn’t really matter where it starts. It will probably be global within...

Back in November, as gold broke down through the support held through 2013, the bears came out with their claws. MarketWatch, as well as most other financial news sources, became overwhelmed with articles from vociferously bearish analysts, which compelled me to...

Faber: “Only one way to short central banks and that is to buy gold.” Marc Faber warned at the weekend that 2015 may be the year that investors will lose confidence in central banks and that investors will “suddenly realise what a scam that central banking is.” He...

“I have really been meditating on your point, that a boom is entirely unrelated to economic growth, and so the succession of booms keeps destroying capital and impoverishing us.” LH. That statement from a friendly personal email was about the nicest Christmas...

The Market Vectors Gold Miners ETF (GDX) is an equity index that provides exposure to small, medium and large sized companies that generate most of their revenues from gold and/or silver mining. It is listed on the American Stock Exchange (AMEX) with price last...

GOLD DAILY- As the below chart describes we should end the gold correction this week. Good support around the $1,240 level. Once we start heading higher, I will start looking for signs of a top. No divergences to note in the indicators at the moment.

Since the bull market for gold began in 2003, the world’s major gold mining companies have produced tens of millions of ounces of gold and have raised (and written-off) many billions of dollars for capital expenditures and acquisitions.

The gold price suffered another down day on Tuesday as large investors reduce long positions built up in the market in the run up to the metal's January 22 high of just under $1,308 an ounce. Net long positions – bets that the price would go up – held by hedge funds...