Gold Editorials & Commentary

The rally will need some giddy-up to escape gravity’s pull, since merely dawdling at these levels will only increase the risk of relapse below a major Hidden Pivot support at 1137.50. The support has been tested twice and done its job, but it seems unlikely to hold...

Goldman Sachs is making more rational statements about gold stocks. ‘The investment bank says 24 of the 27 gold operations under its coverage posted recoveries in line with its expectations – “which suggests to us that the vast majority of gold assets are now...

On November 30th, the Swiss are voting whether to amend their country’s constitution on an initiative entitled ‘Save our Swiss Gold.’ The Swiss gold initiative appears widely misunderstood, both inside and outside of Switzerland. We discuss implications for gold,...

Now that sucked, didn’t it? We ended the week thinking, ah, at long last, a decent rally in Gold! After yesterday’s nasty slide, however, which took back two-thirds of the gain, it’s starting to looks like the rally was just a one-day wonder.

Gold and silver price manipulation, "we" have talked and written about it for years. I can still remember speaking two or three times a week with the late Harry Bingham back in 1997 and '98 regarding this topic. No matter what "event" popped up which logically and...

Anyone with even a cursory understanding of human nature knows that if you give someone virtually unlimited power with next to no oversight, they will quickly become despotic. Consider what is currently happening in Japan.

Currency wars are set to warm up again, after Japan's radical decision to further debase its currency through an intensification of already significant monetary easing. There was a palpable coldness from China's Premier Xi Jinping as he greeted Japan's President Abe...

Gold prices began this week on a softer note after surging on Friday. The price of the yellow metal snapped a seven-day loss to end sharply higher on Friday, as the price of spot gold rallied by 2.6% or $37 an ounce to close out the week at $1178.50 an ounce. The...

In our opinion no speculative positions are currently justified from the risk/reward perspective. In other words, closing short positions and taking profits off the table seems justified. Much happened on Friday in gold and mining stocks and the key question is this...

Suspicions that the price of precious metals are frequently manipulated by a few international banks were further confirmed over the weekend. UBS agreed to settle with various international regulatory bodies investigating rigging in foreign exchange and precious...

The amount of leverage in the U.S. Dollar fiat currency system reached an all-time high in 2013. Even though the growth in total U.S. currency more than doubled since the collapse of the Housing and Investment banking system in 2008, the majority of the increase...

Gold futures headed for the biggest gain since June after the U.S. September jobs report came in lighter than expected on Friday, 214,000 vs. 230,000 forecasts. The jobs report supported ongoing speculation that the Federal Reserve will continue to hold interest...

Gold prices will shoot dramatically higher if the Swiss gold referendum passes on November 20th because it will be the final release for negative gold leasing rates that are pushing for higher prices like a brick being pulled on a string, and only held back by the...

When you read the word “bottom” in a chart pattern’s name, you probably assume the pattern will carry a given marketplace higher for a sustained period of time. What you may not think about is a pattern that delivers a deceiving move up to the top of a highly...

Dr Marc Faber has again urged people in the world to be diversified, own physical gold and to be their own central bank.

In early November we find the Dow Jones moving from one new all-time high to the next while the price of gold (and silver) only seem to go down, that is until today. This is certainly not hard to understand; the Western central banking system wants valuations in...

From early 2001 to the fall of 2011, gold performed in stellar fashion. The shiny yellow rose steadily from $256/oz to an intra-day all-time high of $1,921 in September 2011…an incredible appreciation over 650%.

I decided to do an important update of the US Dollar Index, because Friday’s rise in Gold and gold stocks alongside oil indicated a likely top. I have been extremely bearish on energy and precious metal stocks the past few months because of the upside strength...

Gold continued to get hit hard along with silver. The white metal finally hit and held the $15 level which is very important. And gold sliced through lows at the $1,180 area like a hot knife through butter. However, we saw an extremely positive end to the week...

The Federal Reserve Bank’s Balance Sheet has ballooned from $750 billion in 2007 to $4.5 trillion in October 2014. That is a $3.75 trillion, 500 percent, increase in their balance sheet in seven years. How did they do that and why does it matter? They did it by...

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 8/8. COT data suggests a major bottom is not in yet for the metals.

Central Banks continued to buy gold for the 14th consecutive quarter in Q2 2014. CB’s purchased 118t in Q2 2014 up 28% over Q2 2013. The announcement of a fourth CBGA in the second quarter also reiterated that sales will not be forthcoming from some of the largest...

Americans spoke loudly and clearly at the polls this week, repudiating Obama’s and the Democrats’ failed big-government policies. This huge Republican victory has serious implications for the Fed and US stock markets. Republican lawmakers have long opposed this...

The precious metals bear market, beginning with silver’s blow out in early 2011 and the general top in the commodity and ‘inflation trade’ along with gold’s lesser blow out later that summer amidst Euro crisis hysterics, has been all about psychology. Well, every...

The selloff in precious metals intensified over the past week. GDXJ declined 25% in seven days while Gold plunged below $1180 to $1140 and Silver plunged below $16 and to as low as $15.20. Precious metals are becoming extremely oversold and the bear market is...

I had to pinch the above graph from an informative article written by a writer named Grant Williams on the Swiss Gold Initiative, the subject of a referendum in roughly 30 days, spearheaded by Swiss MP Luzi Stramm and fund manager and writer Egon von Greyerz. Mr....

The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever. Rather, as has been the case in the last few election cycles, voter revolts have hinged on...

The commodity equities are selling off as The Fed halts QE3. However, we are reaching oversold levels and support areas where short covering could soon begin. Commodities, metals and the junior miners are hitting multi year lows and falling below 2008 credit...

Recently the financial press and media has been abuzz as the Federal Reserve moved closer to the anticipated end to its massive bond and mortgage backed securities purchases known as quantitative easing. James Bullard, President of the St. Louis Federal Reserve Bank...

Gold bugs will be pardoned if they are having thoughts of “hari-kari”. Gold bugs woke up on November 5, 2014 to another $25 plus drop in the price of gold. Seems that someone found it convenient to dump $1.5 billion of naked gold futures (equivalent to roughly 1.3...