Gold Editorials & Commentary

The US national debt is approaching seventeen trillion dollars.  That’s an awful lot of money to have to pay back.  Decades ago, it was widely acknowledged that while America’s debt was huge, it was manageable as US Treasury debt was an economic asset in high demand...

“The Federal Reserve’s proposed timetable for tapering its $85 billion-a-month bond-buying program is not set in stone, Chairman Ben Bernanke said on Wednesday in fairly dovish prepared remarks to a Congressional panel.

It’s not a surprise, or even unusual, to see public investors with a quite different take on the market than so-called ‘smart money’. That divide has been quite obvious again in the current bull/bear market cycle.

As ardent as Precious Metals, [PMs], buyers are, a good many of them do not comprehend  their importance.  Everyone agrees they are resoundingly better than any fiat currency, as history has amply proven.  However, few consider the why PMs are so anathema for all ...

We had a pretty tame week for the most part until Thursday when things began to move. Last week I mentioned that markets needed a few days rest while the caught their breath along with many stocks.

From the minutes of the Federal Reserve meeting April 30th - May 1st 2013…

Many recent published commentaries appear to have lost perspective on the now much-hated Gold stock sector. The fact of the matter is that, technically, the secular bull market in Gold stocks has not even been confirmed.

Contrarian thinking is easy but successful contrarian investing is difficult. Most amateur contrarians neglect that the crowd is right most of the time. It’s only at market turning points where the crowd is wrong and contrarians are right.

ECONOMIC SCHIZOPHRENIA  -- You do not have to be a medical doctor to diagnose a certain level of schizophrenia in the market. Detroit files for bankruptcy with other cities lined up in the same queue and yet the stock market reaches record levels.

During a time in which mining companies are truly hated by investors globally, the outspoken market commentator and CEO of Euro Pacific Capital, Peter Schiff, indicates that this is the best time to be launching a mutual fund with exposure to the sector.

Recently, there was a huge distribution day on this US dollar proxy chart. Technically, heavy volume is most ominous, when it comes at the end of a rally.

Futures speculators have responded to this year’s extreme bearishness plaguing gold by amassing wildly-outlying record short positions in it.  These huge and highly-leveraged bets can only be unwound by buying gold futures to cover the shorts.  As gold continues...

On the global market scene, Russia has been one of the major laggards this year.  The Market Vectors Russia ETF (RSX), a reflection of the country’s stock market, fell 22% from its high earlier this year.  RSX was testing a three-year low not more than a month ago...

Regular readers have heard this warning on many prior occasions. We are facing an economic menace unparalleled in all of history: the Rise of the Oligopoly.

When it comes to the market indices, everyone focuses on the nominal level. The nominal price is the most visible and the one that analysts, investors and the media mention in their reports.

The most important Wednesday’s event was Ben Bernanke‘s testimony. The Fed Chairman said the U.S. central bank still expects to start scaling back bond purchases later in the year, but left open the option of changing that plan if needed.

In an environment where financial markets are probably more dependent on the action of central banks than at any point in our lifetimes, the markets parsed every word of Ben Bernanke’s Congressional testimony Wednesday.

US and UK inflation rose faster than interest rates in June. Get used to it...JUST WHY DO people choose to buy gold and silver?

Gold 'Indecisive' Below $1300, Asian Premiums Strong, Ahead of Bernanke Speaking to Congress.  The PRICE of GOLD held steady around $1285 per ounce Wednesday morning in London, trading unchanged for the week so far ahead of a key speech from US Feder

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  HENRY FORD

DEFICITS MATTER! Democrat Franklin Delano Roosevelt was the first to publicly declare that deficits did not matter since, he reasoned, we owe the money to ourselves. Dick Cheney, who should know better, made the same claim in behalf of Republican deficits.

In Part I, we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity.

Oil may hold the key to the next big move in gold.  On the geopolitical front, the Iranian government’s nuclear program could trigger an attack from Israel, and that could cause oil to surge higher. 

Although gold prices eased on Friday as the US dollar tumbled, prices remained on track for its biggest weekly gain since October 2011, as fears of an early end to U.S.

It was a challenging first half of the year for most commodities, with only two resources we track on our Periodic Table of Commodities Returns

A subscriber asked me this week why the precious metals complex has been falling and if the charts could show the reason why. From the Chartology perspective it's really a no brainier why this sector has fallen on hard times.

In countering the relentless gold-bashing propaganda of the mainstream media; readers have listened to the many virtues of gold (and silver) recited again and again by the (legitimate) commentators within the sector.

The impact of the lower yen and rupee versus the US dollar on Treasuries and bonds.  As a result of “the stronger dollar” the treasuries showed very nice gains measured in yen as a result of which the Japanese offloaded a record $30bn of foreign bond

Dual Mandate Says No Major Changes Coming.  In 1977, Congress amended The Federal Reserve Act, stating the monetary policy objectives of the Federal Reserve are “to promote effectively the goals of maximum employment, stable prices and moderate long-term interest...

During the recent weeks we have seen commodities especially precious metals continue to drop in value.