Gold Editorials & Commentary

I keep thinking back to the story I related several weeks back; of how, with not a shred of knowledge of the character or intelligence of George W. Bush, I voted for him in the 2000 Presidential election – out of “fear” that the oilfield service stocks I analyzed,...

Will there be a stock market crash? What will happen to the dollar, gold, bonds and currencies? Recently, at the New Orleans Investment Conference, Pamela and Mary Anne Aden, known as the Aden Sisters, sat down with Axel Merk: each of them have decades of experience...

Over the last several weeks of weakness in the equity markets, we are now seeing the resurrection of another old perspective that gold acts as a “safe haven” during times of equity market weakness. And, it really plays well as a sound-byte. But, unfortunately, it is...

To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency...

Is Santa Claus coming to town this year? For US stock market investors, it looks like the Grinch just stole Christmas!

Tax selling in this vehicle could produce a climactic bottom in the weeks ahead, but the range of possible targeted lows is quite wide, depending on how fierce the washout is. There are at least two logical hidden supports where we might look for an important turn:...

India's gold imports were over a staggering 150 tonnes in November and have seen a "phenomenal" rise in India according to India’s Trade Secretary, Rajeev Kher. A few weeks ago we said that the death of the Indian gold market was greatly exaggerated. The latest gold...

The conventional view is that Fed money creation is necessarily bullish for gold and that a tightening of monetary conditions beginning with the cessation of Fed money creation is necessarily bearish for gold. It's strange that this view is popular given that gold...

One can only draw so many lines on a chart before they become completely confused on what trendline is actually important. Many will just start connecting two top points and two bottom points and calling it a pattern. That’s not how you find a chart pattern. A chart...

The beauty of the Miles Franklin blog is one never knows how it might start. In fact, I often don’t know myself, until I sit down and start typing. Moreover, now that the world is rapidly devolving to 2008-style crisis mode, there are so many “horrible headlines”...

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop...

The deficit has now surpassed $18 Trillion…and we will pay through toil, taxes or theft. The U.S. debt will reach $28 Trillion by 2018, in just three years. Our government and the Fed are out of ideas, no one is buying U.S. treasuries anymore, no amount of taxes...

Gold traders are exhibiting bullish sentiment for a third week as the price of bullion continued through a second weekly advance. Assets in the SPDR Gold Trust, the world’s largest bullion exchange-traded product, rose on Tuesday at the fastest pace since July. The...

If we lived in a normal word of fiscal propriety, the falling oil price would be viewed as something to celebrate, as it reduces costs across the board, and should theoretically boost the economy, but we live in an abnormal debt-wracked world where instead fears are...

Since 1967 the gold price has enjoyed two secular bull markets: The first began in 1967 and ended in January, 1981. The second began in 2001 and is still in progress.

“SPX has reached an area of strong resistance which is reinforced by a cluster of Fibonacci targets.” This was the first line of last week’s summary. t has been vindicated by last week’s action. The sharp correction which was experienced by most indices has now...

The Dow Industrials just had their worst week since September 2011, losing 678 points from December 5th through December 12th. The S&P 500 has lost 77 points. This comes on the heels of the latest Hindenburg Omen, which was official on December 2nd, 2014, and...

Never before have I seen so many pieces of information to be put together in the span of just one week. This past week we were bombarded with connectable dot after connectable dot, nearly each and every one of them on their own would have caused a panic 30 years ago...

The clichéd definition of insanity is doing the same thing over and over and expecting different results. There is no room for sanity in the United States, anymore, and the public is sleepwalking through it all. Arguably, this has been carefully orchestrated by the...

Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. COT data suggests lower metal prices overall going forward.

We’ve believed that Gold would need to break $1100 before we thought a bottom could start to develop. While that could still be the case, we are starting to see building evidence that precious metals could be forming a bottom.

First, for all you right minded wording detectives out there, you are absolutely right… inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two measures of a heavily manipulated bond market (chart 1) dropping impulsively. But...

The New York Times published an important article this week in which the benefits of gold to nation states during a period of currency wars was highlighted. The article was noteworthy as the New York Times has rarely covered gold in a positive manner.

The drop in commodity, and especially oil prices, has been spectacular. The price action has generated a wide range of commentary. Some say this is a reflection of the true state of the global economy. Like the Baltic dry goods index or electricity consumption.

It’s Wednesday afternoon, an hour after the NYSE close. I wasn’t planning on writing tomorrow – like last week, in lieu of an extended Audioblog. However, given how close the “end game” appears to be, I felt compelled to keep you a step ahead of the evil “powers...

Since the beginning of 2013, gold’s price action has been irrational. The fundamentals are getting better for gold in respect to demand and supply, but we see sudden, wild swings, often to the downside, on no news and for no apparent reason.

Respected economic historian and author of the “Gloom, Boom and Doom Report,” Dr Marc Faber has warned about the continuing and coming decline of western economic power. He believes that the generation of young people starting to work today will be the first in two...

In the context of the gold price, many relate the net long/short position in the US$ as an influence on the gold price. To a small extent this may be true, but not, in our opinion, to an extent that actually affects the gold price.

It's not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this...

Volumes remain high in the bullion markets and volatility is higher if anything. We just had one of the biggest up days in a couple of years but, overall, gold hasn’t moved much higher. That won’t change until we get a number of up days in a row rather than the...