Gold Editorials & Commentary

Gold Sentiment Chart

After spending the better part of three months locked in a lateral range, gold finally broke out on August 21st and went on to make a series of follow-through highs. December gold was quoted at $1,667 as of this writing, its highest level since early May.

With gold awakening from its usual summer slumber, traders are getting more excited about its prospects. Presumably this shifting sentiment will even grow to encompass futures traders, who've been incredibly bearish on the yellow metal for months now.

Tonight I would like to get you caught up on a few charts of gold I haven’t shown in awhile.

The answer to the above question is no, meaning that "Austrian Economics" makes no prediction about whether the future will be inflationary or deflationary.

One of the top stories in the financial markets in 2012 has to be the stagnation in the price of gold at around $1600 an ounce, which is down approximately 17% from its peak at $1920.30.

GLD - on buy signal.

Prices testing 200ema again.

With the odds for a new stock bear growing, prudent contrarian investors are looking for bear-resistant destinations for their hard-earned capital.

There is no question we have a barrel of troubles from the Devil of Inflation to the Deep Blue Sea of Deflation.

The year 2012 has been relatively peaceful compared with the past 10 years. The lack of military aggression on the part of the U.S. has led many to believe that the America's days of military adventures are over.

It is an endless debate for investors interested in gold. Should they buy a direct play on the gold price, either gold bullion itself or even so-called paper gold with an ETF such as the SPDR Gold Shares (NYSEArca: GLD)?

GLD - on buy signal.

Prices testing 200ema again.

When does a precious metal known for feeding off investors' fears need the opposite of fear to move higher? Answer: Right now!

With the US stock markets challenging a major multi-year high, investors are feeling pretty complacent these days. But unseen below the placid surface, a serious risk is arising from the depths.

Below is the balance sheet for the Federal Reserve. Here we see the vast increase in the supply of US dollars flowing through the world's economy since 1953.

In this weekend report I would like to show you some charts that can tells us if we are in a risk off trade, DEFLATION, or risk on trade which would signal INFLATION.

I've taken the last few weekends mostly off and skipped out on the free weekend letter. I've got no particular reason for it, I just felt like I needed a little break to enjoy friends and family and the unbelievable weather we're having this summer.

Lately investors have been worried about liquidity, specifically the central bank's willingness (or unwillingness) to continue providing it, and with good reason.

Some extremely powerful differentials in power are setting themselves up, in a manner never seen before in modern history. Those who dismiss the uniqueness of the situation are those who continually are surprised by events as they unfold.

Ok just to get to the major issue, when 1 out of 4 people are unemployed for a long time, they have to rely on others to survive. Either housing with relatives (who often have limited patience or none) or from the government assistance.

Last week we examined the bullish symmetrical triangle pattern in gold and identified the potential breakout points in this time-tested technical indicator.

There are no certainties in the investment universe. Investors are forced to weigh up the various risks and assess the probabilities involved before committing themselves to a course of action.

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government.

"The things that will destroy us: Politics without principle, pleasure without conscience, wealth without work, knowledge without work, knowledge without character, business without morality, science without humanity, and worship without sacrif

GLD - on buy signal.

Prices testing 200ema again.

For what seems like a few months, I've been saying that there is no chance for the Dow Jones would ever close above 13000; okay I was wrong! But I wasn't wrong about what drives the stock market up and down; the "policy makers."

Gold has been deeply out of favor lately, languishing in its usual summer doldrums. This sentiment wasteland is driving traders to flee wholesale, including the futures players. Their mass exodus from the gold market is readily apparent in futures data.

Gold's historic run-up from $250 to nearly $2,000 an ounce in the last 10 years has underlined the long-term value and intrinsic worth of a key asset.