Gold Editorials & Commentary

We are leading off with a discussion of gold mining stocks because the recent price action has created a situation that can now aptly be described as unprecedented. A consequence is that there has NEVER been a better time to buy gold mining stocks.

Since the stock market’s high of late May, deflation has begun to creep into the market’s valuations as is obvious when we look at the NYSE’s 52Wk Highs and Lows.  From May 28th to June 24th, the NYSE 52Wk High – 52Wk Low ratio declined from +15

JP Morgan just issued a key report, urging institutional investors to buy commodities (and protect those new positions with put options). They note that crude oil has not confirmed the declines seen in most other commodities, and that’s important.

On May 3, the bond market fired the proverbial “shot heard ‘round the world.”  Treasury yields began a two-month climb to levels not seen in almost two years.  Many analysts proclaimed the end of the 30+ year interest rate decline.   The true significance in the...

In light of the dramatic developments of the past six months, this letter addresses seven key investor concerns: What is happening to gold? In our opinion, the severe pressure on gold prices since April 16, 2013 has been caused by a coordinated bear raid...

As they say on Wall Street, “They don’t ring bells at the top” and for sure they usually don’t give you a phone call at the bottom either.  Many heads have rolled trying to call this recent near 2 year downdraft in Gold in terms of bottom callers, me included. 

As the rampant criminality in bullion markets becomes more and more apparent (even to outside observers); we get

The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles:

Traders stampeded out of gold, emerging markets and bonds this month, setting record monthly outflows in June.

I think the manipulation after QE4 has accelerated the bull market. We now have the necessary conditions for the bubble phase in gold to begin.

Stocks managed their third session higher as of Thursday June 27th and its too late to jump onto that move. Major indexes and leading stocks have rebounded into resistance along with a few key moving averages.

“I see in the near future a crisis approaching. It unnerves me and causes me to tremble for the safety of my country. The money powers preys upon the nation in times of peace and conspires against it in times of adversity.

What is the message of the market as the week, month, 2nd Qtr, and first half of the year just ended?  The second half of the year is likely to prove more troubling for the Bulls.  We do not make predictions for a future that has not yet happened, but an assess

One of the biggest concerns of savvy investors since the ongoing crisis began in 2008 has been the safety and longevity of the various types of retirement accounts and systems.

Most market commentators’ focus on gold and silver, as well as with most markets, are short term.   Rarely do they look back more than few years at the most.  However, every now and then it is good to take a historical look at a market to see where we’ve been,

NYSE Arca Gold BUGS Index

Another week of weakness for the precious metals which is slowly but surely causing perma-bulls to lose heart. This game that is the markets is played to take as much money from the masses as possible.

“Water, water everywhere, nor any drop to drink.” There is a similar situation with regard to fiat paper everywhere, but not a gold delivery to be made.  The delirium cast by central bankers issuing unlimited fiat has kept so many people in a fiat-induced fog,

Without a doubt, this was a week of strong declines for the yellow metal. What could we read in newspapers and see on TV? The big banks were falling over each other in their scramble to get on the bear bandwagon. Here are some sample headlines:

There’s not much arguing against gold stocks being the most hated sector in the markets these days.  And with such a loathing, you can only imagine the visceral disdain towards the more risky juniors.

There was more mind-blowing news this week in bullion markets. This is to be contrasted with the deluge of shrill, gold-bashing propaganda being cranked out by the Corporate Media at maximum decibels.

The Pattern of Every Market Collapse

The markets continue their dead cat bounce while the economic data worsens.

First, let me say I’ve been way too early on this call. I’ve been wrong and don’t deny it. You have to own up to mistakes, learn from them and be humble. Moving along, the precious metals sector is likely days or potentially hours away from a bottom.