Gold Editorials & Commentary

Summer doldrums? Not for precious metals markets! In early July, gold and silver each broke out to fresh multi-year highs. The yellow metal is within striking distance of new all-time highs and the headline worthy figure of $2,000/oz.

The U.S. CPI inflation rate rose 0.6 percent in June, following a 0.1 percent drop in May. It was the first increase in four months and the biggest jump since 2012. The move was mainly driven by higher energy prices (the energy index increased 5.1 percent in June as...

There was a time when the total U.S. fiscal deficit and debt seemed to matter. Apparently, that time has passed. Oh, my goodness. The good old days. I'm old enough to remember 2009 and all the rage about "exploding deficits" and "stealing our children's future"....

What we previously wrote about mining stocks’ breakdown and yesterday’s upswing, might seem like something that invalidates it or something that’s just nonsense. In reality, it’s one of the common patterns that we see after breakdowns – the price comes back to the...

One of our colleagues recently wrote an open letter to Ted Butler. The point was that Monetary Metals gold leasing is a different kind of activity than what is called “gold leasing” in the institutional bullion market. We make it possible for gold owners to lease...

Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn’t even a competition.

The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity… before hyperinflation turns the fading empire into a fire pit.

The thing that's been glittering and sitting on your portfolio is gold. If that's the case, you must be quite pleased with yourself. In case you forgot to check, the prices of gold have appreciated up to Rs 49,240 for 10 grams in the spot market – registering a...

The number of cases of Covid-19 in the U.S. have been rallying very quickly in last weeks, giving way only to the gold prices, which have surpassed $1,800.

House Rep, Alexander Mooney, introduced a Bill that would the first true audit of gold owned by the United States in more than 65 years. The Bill, if passed, would require a full assay, inventory and audit of the U.S.  gold every 5 years. Currently the gold is being...

For all the buzz gold gets, it's easy to forget silver. Its turning points are telling a really interesting story here, so let's see how well the technique worked for the white metal. Next in this analysis, we'll see what it means for gold.

Many retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit...

The best performing precious metal for the week was silver, up 4.25 percent. Investors poured money into silver-backed ETFs this week as the precious metals trade begins to increase in scope. Spot gold prices reached the key $1,800 an ounce level. This milestone...

Last week's trading saw gold forming its bottom in Monday's session, here doing so with the tag of the 1781.20 figure. From there, a rally was seen into a mid-week high, with the metal pushing all the way up to a peak of 1829.80 - before backing off the same into...

Trying to assess the potential for a correction in precious metals (and in miners especially) is quite tricky, given the current context. Last week we argued that markets often make powerful and sustained upside advances following significant breakouts. In this...

The Fed has blown the current stock bubble to an unprecedented magnitude. While the most outrageous overvaluations are concentrated in the tech sector, the valuation insanity has engulfed the entire stock market. Bubble chasers ran Hertz, a bankrupt company that...

Acknowledging Eric Hadik’s analysis that the 40-week cycle is in an inverted mode appears to be the correct step to take.  We do not yet know how much weakness will come into the market after the inversion, but a clear warning that a significant correction may be...

Having only just returned from the majesty of Georgian Bay, where the first fishing derby of the season had me summarily trounced by my female partner 12-5 with most of her catches in the 1-2 pound category with mine barely larger than the lure that attracted them...

Estimates of the volume of the global market for financial market range from 700 Trillion dollars to upwards of 1.5 Quadrillion dollars. For comparison, the combined market cap of Wall Street and the NASDAQ is about $50 trillion – from about 7% down to 3% of the...

Gold's settling yesterday (Friday) at 1802 puts price within 100 points of the All-Time Closing High of 1900 as established back on 22 August 2011. As fervour builds to break that record, 'tis a good time toward maintaining perspective for another round of "Facts,...

Since June 11th (the past month) the Dow Jones continues struggling with what it’s to do next; break above and stay above its BEV -10% line, or break below and stay below its BEV -15% line.

Our proprietary cycle indicator is up. Gold sector remains on long-term buy at the end of June. Long-term – on major buy signal. Short-term – on buy signals. Gold sector cycle is up, at a multi-year high. We are holding long and short-term positions. 

Far from being mired in the summer doldrums, precious metals markets appear to be on their way to making this summer one for investors to celebrate.  $20+ silver and new record highs for gold are both well within reach.

We are nearing that mid-point in July when I said we would start to see the news turn from euphoria-inducing reopening positives to depression-developing realism. Speaking of stock-market bulls who are stampeding uphill on the euphoria side, I wrote,

The gold miners’ stocks are blasting higher, just achieving major new secular highs!  Traders are flocking back to gold stocks as the metal they produce relentlessly advances on strong investment demand.  That is atypical during market summers, but the pandemic has...

Sometimes when we observe people on the streets, when we see crowded restaurants and pubs, it seems like the pandemic has ended. But is the global epidemic really over? Not at all. Please look at the chart below. As one can see, the daily number of confirmed cases...

Boris Johnson recently compared his reconstruction plan with Franklin D Roosevelt’s New Deal. Such is the myth of FDR and his new deal that even libertarian Boris now invokes them. Unless he is just being political, he shows he knows little about the economic...

The monetary “gods” at the Federal Reserve have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs and beyond. While the bubbleheads in the financial media have been garishly cheerleading the general stock market...

Today, both silver and gold broke above important technical levels.  The gold price hasn’t been this high since September 2011 when it peaked at $1,923 during that month.  Silver finally pushed through the critical $18.50 level and closed at $19.16, according to...

We started yesterday’s Gold & Silver Trading Alert with the Gold Miners Bullish Percent Index, and we’ll start today’s analysis in the same way. We’ll do so, because we received a question about whether gold miners stayed overbought for a long time, while they...