Gold Editorials & Commentary

An article caught my eye this week. The Tirumala Tirupati Temple in India has deposited gold at the State Bank of India, and is getting paid interest on their deposit. There is something unique about this. The interest is paid in gold.

This week began with gold prices still holding above $1300 an ounce after rebounding back above this level to two-week highs last week on rising tensions both on the Ukrainian-Russian border and between Moscow and the West. Tensions in the Gaza strip as well as U.S...

Elon Musk, CEO of Tesla Motors, told the Guardian last year: “The lessons of history would suggest that civilizations move in cycles. You can track that back quite far—the Babylonians, the Sumerians, followed by the Egyptians, the Romans, China. We're obviously in a...

In the middle of July the stock market finally awoke from its QE-induced coma and realized the Federal Reserve’s tapering, which has been going on for the last six months, was for real. Like a child, who becomes accustomed to a parent that threatens punishment but...

Probably the biggest reason this column has been silent for the past few months is that there has been so much to say; yet there is nothing really new to say. Sometimes I wonder how reporters do it. They write essentially the same story every week or month, but have...

Last week we seen the stock markets go down and the precious metals stock indexes go up for the most part, inverse correlation. Friday the stock markets had a big reversal day with the PM stocks being mostly flat to down. It will be interesting to see how long this...

The world’s richest man is reportedly building a massive hoard of cash. Reliable sources say multi-billionaire Warren Buffett has today more than $50 Billion in cash. This seems out of place for this legendary investor, whose long-time successful investment...

Weakness dominated markets this past week and many stocks followed. The summer of consolidation continues with some weakness thrown in for good measure. I still don’t think this correction will be very deep, rather, it will just put in the low of this base that is...

The silver to gold ratio (SGR) is the number of ounces of silver a single ounce of gold can be exchanged for at current prices. For reasons I’ve never understood some people call this the gold to silver ratio, which it certainly is not. Typically, but not always,...

With all the uncertainty in the world, and everything that could happen over the weekend, I think it’s safe to say that the market didn't rally 22 points naturally to complete a swing low as we go into the weekend. When I saw the index futures turn from deeply...

The rally is on! Let’s get straight into it by looking at the daily chart. I have added a Relative Strength Indicator (RSI) which shows a little bullish divergence. This week’s low was less weak than the previous week’s low. Also, notice how the RSI pushed deep into...

What do you get when a bunch of unelected bureaucrats band together? The EU. How is the EU different from the US? There is no difference, except that the US has the illusion of electing bureaucrats. The de facto corporate federal government remains undiscovered...

Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – down as of 8/8. COT data suggests a top is in for the metals.

Gold has once again begun to assert its safe haven value after the recent drop in equity prices. Last week’s Argentina bond default scare coupled with rising tensions between Russia and Ukraine have combined to spook global equity markets.

What are governments capable of doing? I ask this question since for many, it seems as if government is an omnipotent force capable of providing anything for its citizens and supporting its empire abroad. It is important to understand the role government occupies...

The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat. Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments. This year’s resiliency in the...

DOW Short-Sale, Gold Charge, Silver MACD Signal, GDX 3-Great Targets & GDXJ Bull Hammer Chart Analysis via videos.

Last week, on July 30, the Republic of Argentina was declared to be in default for the third time in 30 years. Let's put that into perspective. If you were a bank officer who offered a 30-year mortgage to the Government of Argentina in the early '90s you would have...

A California 9.9 earthquake, Dow Index crash to sub-10,000, gold prices go parabolic, a possible Ebola outbreak in a major US or European city, derivative melt-down, another credit crisis, Ukraine becomes ground-zero for WW III, or maybe politicians “make nice,”...

We've been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold...

The precious metals are lynch pins. They are nagging and persistent counter-parties to money printing gone wild. It's been this way for as long as commerce was semi-civilized. (Though given the amount of financial fraud, violence, and chaos in the world, the term "...

We are gold and silver bugs and as such we are aware of the myriad of factors that affect the price movements in the precious metals sector. Today we will take a quick look at just one of them; The US Dollar. 2013 was a disastrous year for gold as it ended the year...

We fully anticipated a summer correction and thus far that is all it has been; and it’s been a mild one (so far) at that. But what the markets do from here on out will refine probabilities as to these options…

On Thursday July 31, 2014, the Dow Jones Industrial Average closed down 317 points, effectively completing a key point monthly reversal high. The S and P 500 and The Wilshire 5000 also made reversal highs in July, as did the Dow Transportation Index.

The gold miners’ good performance in 2014 bodes well for gold not having to worry about a bear market taking place, like in 2013, or about testing again its major $1,178 bottom. We are still witnessing massive accumulation of junior miners’ shares since they touched...

Since my last reports on both gold and silver, price has come down to some key levels identified in those reports. So will both gold and silver turn up from here? Let's have a look at the charts and do our best to find out.

Investors commonly assume that rising interest rates adversely impact the gold price, and vise versa. They believe that a rising interest rate environment is indicative of a strong economy, which is supposed to drive investors out of gold and into the stock market...

As the month of August gets underway, the gold market has a solid feel to it. Analysts in 2014 who have held extreme price targets (both bullish and bearish), have found themselves looking like fish out of water. Gold has not skyrocketed on the supposed “massive...

And after the highly bearish trading action of late July, this is worth considering with the “what’s next” question front and center for most investors. There’s little doubt that the slicing of the S&P500’s 6-month uptrend was vicious, but it may be less clear...

With the first half of 2014 now in the books, many investors are happy with the performance thus far, especially given the economic headwinds that few saw coming. The 26% rally in U.S. stocks in 2013 gave way to a more modest 7% gain in the first half of 2014. Most...