Gold Editorials & Commentary

In an uptrend resistance becomes support. The precious metals are in a secular (15 to 20+ years) uptrend and they are currently pulling back to long-term support levels. That’s my story and I’m sticking to it! For you people from Missouri, let me show you what I...

The immediate outlook for gold has improved dramatically following the dollar’s topping action of recent days after the Fed was rumbled, and the vast improvement in the COT structure of the past 2 weeks. While the negative outlook set out in the last update could...

As most of you know by now, I am bearish on gold from an intermediate term perspective on account of the fact that I do believe that the Fed is eventually going to have to raise rates and try to somehow normalize monetary policy/interest rates. Perhaps I am wrong...

Most market watchers are foolish. Yes, you heard me right. I was beside myself all week, as market participants and pundits blathered on and on about the word “patience.” Yes, the use of this single, eight letter word was supposed to determine the major direction...

The story in the markets since last year has been undoubtedly the crash of the oil price (-50% in six months) and the monstrous rally of the U.S. dollar (+25% in the same period of time). Putting the recent U.S. dollar uptrend in perspective provides some...

And, save for the Dollar, so did "Everything." To wit, at last Sunday's Investors Roundtable, a colleague of ours queried as to whether or not we're in the "Golden Age" of the stock market. The notion is that unsupportable earnings don't matter, as neither do...

When one looks at the daily or weekly NYSE or NASDAQ breadth statistics on the financial pages, publishers always list the number of 52-Week Highs and Lows made during the day or week, and it’s good data. Major indexes also make 52Wk Highs and Lows, but what do...

The first LBMA Gold Price benchmark price has come in at $1171.75, but the make-up of the price setting participants continues to raise questions. The new LBMA Gold Pricing benchmarking process came into effect today and the 10.30 am price set under the new system...

Since 2001 the gold price performance in all major currencies has left major stock markets virtually dead in the water. It is the inevitable triumph of real money over fiat paper currencies. The following charts clearly demonstrate gold’s fantastic price...

We have long held the view that the FED would not raise rates by any significant amount in 2015. Rather than exit our mining stock positions, we have accumulated on the dips with the belief that investors were overly-confident about the prospects of a major rate...

Platinum has been trending down quite strongly in recent times however I think that move is now done with a low at US$1086 and a bear market rally is already in its infancy. Let’s investigate using the daily and weekly charts.

A great week for markets and stocks, which broke out earlier in the week off lows and then continued nice action into Friday. I’m quite heavy into stocks now, mostly focused on the pharma and biotech sectors that I’ve been focused on for a long time now. We are not...

Speculation in gold has reached levels of previous bottoms typical of a bear market, should see a bounce in the near term.

The Asian Infrastructure Investment Bank [AIIB]. What is it? Yet another political disaster for the Obama administration as it leaves a wide swath of blunder after blunder in massively failed efforts to keep US allies from aligning with China’s newest anti-US,...

Precious metals are closing the week out with a good rally. The Federal Reserve nonsense proved to be a catalyst as it can be in either direction. Regardless of the Fed, the precious metals sector was oversold and due for a bounce. We wrote about that last week.

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...