Gold Editorials & Commentary

The best time to buy cheap is when you are afraid to bring up your ideas around the water cooler at work for fear of the peer laughter. Our work centers on looking for oversold conditions and crowd behavioral anomalies that can give us better low risk entries with...

Trading volume across all exchanges has been muted lately due to the holidays. Traders are still mostly on vacation which has produced low volatility and a lack of excitement. Not much is going on in the news front, either.

In our most recent commentary, we discussed the outlook for the USD Index, Euro Index, and how these currencies were likely to impact gold. We summarized the essay by writing that the situation was bullish for the USD Index, and bearish for the euro. We wrote that...

Last week I wrote an article on why I think the bull market in stocks is coming to an end. As usual the retail public is chasing a move that is extremely mature and ripe to reverse, while assuming that the current trend will continue. Amateurs always make this...

Since the beginning of gold's bull market in the early 2000s, we have recommended an unambiguous course of action: Own the physical metal -- fully paid for and stored nearby -- then sit back and watch the show.
Part of watching the show is the forecast and...

The Democratic Party gained prominence in the first half of the nineteenth century as being the party that opposed the Second Bank of the United States. In the process, it tapped into an anti-state sentiment that proved so strong that we wouldn't see another like it...

The hubris among today’s exuberant stock bulls is unbelievable and groundless, given the extreme levels of the underlying stock evaluation fundamentals. How can these delusional bulls in good conscience continue recommending (ie pumping) the purchase of Dow stocks...

This quarterly gold chart is providing us with a powerful clue. From my experience any time an item touches a very long term trend line for the fourth time and bounces off of it we are being provided an excellent clue.

Sorry for writing this before the last gold price of 2013 has been posted by the markets. But on New Year’s Eve I’ll be busy with more pressing matters than writing this article, using the actual last price of the year. I expect nothing exciting will happen in the...

We’ve got another week of lower volume most likely with traders starting to come back next Thursday but likely not real volume coming back until January 6th. A very slow week in terms of volume with most off for Christmas but the price action was strong as stocks...

2013 comes to an end, and with it all those calls for gold and silver to be at much higher price levels. What will 2014 bring? More and more renewed calls for much higher price levels. Will 2014 be the year?

Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – up as of 12/27. COT data is now favorable for a bear market rally.

Much confusion persists regarding the method, or mechanics, of how the big banks are able to push the price of precious metals around at will for so long. GATA and Ted Butler have long established and outlined the reasons why this occurs (legally). They have also...

Let us take a break from the hustle & bustle loaded to the gills with nastiness and mayhem. Consider some information cookies during the Christmas holiday down time, not without a few lumps of coal. The deceptions are deep; the ranks of dupes are legion;...

There are two reasons why people buy gold and silver. The first is that they’re the monetary metals. Many people don’t want more than a certain exposure to the risks of the banking system. They hold dollars for liquidity and beyond that exchange them for metallic...

Today we take a look at the Bullish Percent Index chart relative to Gold’s cycle and Gold Stocks. Essentially it tells you what percentage of Gold sector stocks are at or above a moving average, which normally would be 50 days. When 70% or more are above a 50 day...

Well the Fed in its infinite wisdom has gone and done it again. They've created another bubble. And this bubble is arguably the 6th in the last 13 years (tech, real estate, credit, bond, oil, and now stocks - again). And let’s footnote the Fed’s creation of the...

In the biggest picture, Western precious metals investors are going to have their golden cake, and eat it too!

Last month, when asked about bit-coin, the old chairman stated… "In order for currencies to be 'exchangeable' they have to be backed by something," A truly remarkable statement when one considers what gold bugs know and all other nations of the world recognize in...

Market events such as crashes and panics are thought by economists to be random, unpredictable events. To the contrary, such events are nothing if not predictable and often arrive with recognizable regularity. A cursory examination of the last few decades will...

BIG PICTURE – Interest rates are near historic lows, credit is cheap and the prominent central banks are not planning to pursue tough monetary policies anytime soon. Consequently, the stock markets of the developed world are rallying and their property markets are...

The press has framed Ben Bernanke's valedictory press conference last week in heroic terms. It's as if a veteran quarterback engineered a stunning come-from-behind drive in his final game, and graciously bowed out of the game with the ball sitting on the opponent's...

The dollar made a multiyear high, closing on Thursday at over 26mg gold! Not even the Fed’s propaganda squad would trumpet this as good news and not in this way. And, of course, the gold bugs regard it as bad news. Though they say that the dollar is going to zero,...

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed?

Below is a combo chart that I’ve shown you several times that has the INDU:GOLD ratio on top and gold on the bottom. So far the parabolic move in the ratio and gold is still playing out. As you can see on the gold chart below gold touched the parabolic arc this week...

It is a tragic irony that at a time when gold and silver are completing large basing patterns after a long and deep correction, and are at last nearly ready to turn up and start their next major uptrends, most investors in the PM sector have been psychologically...

Last week all (investors’) eyes were on the Fed, and the Fed delivered. A small (if you can call $10 billion “small”, but it is on a relative basis) form of tapering of the Quantitative Easing program was announced and markets reacted to it. It turned out that our...

The T-Bond Bull Market is probably the longest running Bull Markets in history. To my knowledge no other asset class has sustained a constantly rising bull trend for over 33 years (since 1980). The following chart clearly shows this record breaking bull, who is...

Gold continues to slide down. Bears are clearly in control.

It's been my theory for some time now that this QE driven bull market would top either in late 2013 or early 2014, followed by a multi-month stagnation process as liquidity leaked into the commodity markets.