Gold Editorials & Commentary

COTs, sentiment and public opinion and a raft of technical indicators are all at low extremes that continue to indicate that gold is marking out a major low here and set to reverse to the upside before long.

Last week I mentioned I was heavily short the markets and many leading stocks.  It worked out well but not as well as I’d hoped.  Once the action begins to change profits have to be locked in and that’s what we did.

I’m constantly on guard not to bore my readers with tedious, repetitious comments week after week.  However, with the markets acting as they are, it’s impossible not to be repetitive as the markets are mostly a repeat of the previous week’s action.  How long ha

With the S&P500 closing the week out at all-time highs,  it’s hard not to be long it.  Now we’re looking for a new all-time high print this coming week.

Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: "We could exit without ever selling by letting it run off." What Bernanke means here is that the Fed could simply hold its

Investors sentiment for precious metals and gold and silver mining stocks has deteriorated quite substantially recently. And silver is no exception here, which can be seen on the white metal charts.

First let’s consider the outstanding performance of GOLD & SILVER since 2001. The chart below clearly demonstrates  the outrageously formidable appreciation of gold and silver vis-à-vis other asset classes during the past 12 years (to March 13, 2013).

It’s hard to believe that gold’s bull market is nearly a dozen years old.  And boy has it been a delight watching it mature from its 2001 infancy.  It’s also been fun observing the ever-changing dynamics of gold’s structural fundamentals, particularly how the s

A sudden urge has come to address an overwhelming list of critical gritty questions. They crop up with clients, colleagues, and friends.

A sudden urge has come to address an overwhelming list of critical gritty questions.

A sudden urge has come to address an overwhelming list of critical gritty questions.

A sudden urge has come to address an overwhelming list of critical gritty questions.

There is strong empirical evidence of a direct relationship between long-term price inflation and money-supply growth.

A prominent feature of the stock market recovery since 2009 has been the declining trading volume trend.  NYSE trading volume has visibly diminished over the last four years after reaching a climax in March 2009 (see below chart).

There is strong empirical evidence of a direct relationship between long-term price inflation and money-supply growth.

Gold dipped below $1,600 last week, falling to a six-month low, much to the chagrin of gold investors. I find the timing of the correction peculiar, given the G20 Finance Ministers Meeting taking place over the weekend.

The Dow Jones ended the week with a small gain, but this is no big deal as it did so because the Federal Reserve made sure it did.  Here is an article which quotes the President of the Dallas Fed admitting that the Fed is manipulating

There is now such an overwhelming array of technical evidence that the Precious Metals sector is forming a major bottom, that by the end of reading this update you will, or should unless you are stupid, understand why we now have no choice but to turn strongly

We had a very weak week in the precious metals and later on, the general markets and many stocks also broke down.



I’ve been patiently waiting for this move to come since the start of the year with a few good trades in between.

GLD – on sell signal.

Endless money forms the sinews of war.

- Cicero (106 BC - 43 BC)

Gold got crushed this week in what can only be described as a capitulation.  Cascading selling took on a life of its own as the yellow metal knifed through multiple key support lines.  Newsflow exacerbated gold’s free fall, as extreme fear tainted everything wi

Gold and silver along with their related miners have been under a lot of selling pressure the last few months.

A curious thing happened last week.  The prices of both monetary metals have been falling for a week and a half through February 15.   No, that’s not the curious part.  There is no law of nature that says the prices have to go up, but if they go down it must be

What is going on with the Dow Jones?  See in the BEV chart below how currently the Dow Jones has yet to rise up to the red line for a new all-time high.  It’s been 1,350 trading days since the October 2007’s all-time high.  The bulls should be feeling

We haven’t looked at the US Dollar in a while so let’s see what it’s been up to in the last month or so. The first chart I would like to show you is a weekly bar chart of the H&S top pattern that everybody is focused in on at the moment.

The financial markets have begun 2013 in remarkably similar fashion to how they began 2010, 2011 and 2012.

If this is the best that the Precious Metals sector can do when the broad market is rising, as it has been, then what is likely to happen when the broad market drops?