Gold Editorials & Commentary

Whatever one thinks of the United States (economically, morally, militarily or politically), we can all agree that its dollar exerts tremendous influence (and controversy) over a rapidly changing world.

According to the Treasury Department’s monthly statement released on Thursday, Federal spending surged again in August, rising to the highest spending level reported in 30 months. At the same time, the deficit rose to the second-highest August deficit on record,...

The first news on inflation this week sounded good for America, terrible for my predictions. I should be glad to be so wrong, I guess. The news sent the stock market soaring again as it became known that the scorching-hot producer price inflation reported last month...

Despite the significant increase in tariff revenue, the U.S. continues to run massive budget deficits. The budget shortfall for fiscal 2025 has already exceeded last year’s deficit. So much for import duties paying for the government.

It was another great week for precious metals. Gold up over 1% on the week. Silver up almost 3% on the week. Silver stocks up seven to eight% on the week. The gold stocks GDX GDXJ up 5% and 6% on the week. So, it was a great week.

In this video, we review the latest technical charts of gold, silver, and mining stocks, highlighting powerful breakout patterns such as Cup & Handle, Bull Flags, and Head & Shoulders formations.

Yes, Gold this past Tuesday by its “continuous contract” (for which the “front month” is December) touched 3700 — trading even further to a fresh All-Time High at 3715.

In the past month, the Dow Jones made four BEV Zeros (0.0% = new all-time highs) in its BEV chart below, with two of them this week.  This week’s BEV Zeros were the 58th and 59th since the Dow Jones entered into scoring position (began trading within the Red...

Gold and silver continue to trade higher this week, receiving another boost on new geopolitical concerns and expected Fed rate cuts next week.

Gold sector cycle is up. Trend is up for gold & gold stocks, down for USD. We are holding long positions.

When gold broke decisively above $2,100 in March 2024, it signaled the start of the accelerated phase of this bull market. At the time, I projected a move to $3,000. That target was hit within a year, and gold hasn’t looked back since.

Mohammed Ali was known for floating like a butterfly, leading with his left, and then a “bee sting-like” knock-out punch. Similar to how he led with his chin, Mr. Trump stunned the globe on Liberation Day, imposed painful triple-digit tariffs on almost 150 countries...

The dominant GDX gold-stock ETF finally bested its last record close, which was seen an astonishing 14 years ago!  Gold stocks forging back into record territory will fuel much bullish financial-media coverage and trader interest, leading to more buying.  And this...

Here are today's videos and charts.

Maybe we should call it Zombie Inflation. Every time the mainstream declares price inflation dead and buried, new data comes out and rains on the funeral.

We're looking at history with respect to gold and silver and applying it to today. So, we're looking at cyclical bull markets in gold and silver. Also, how they perform after breaks out to a new all-time high. So, we're applying that to the moves today. And that...

The latest CPI report is out, and there's also news out of the mining sector after a significant decision by senior gold producer Newmont.

The current gold bull market continues to track the one of the 1970s and appears to be in the mania phase. Here is an update of my 1970s gold bull market comparison:

Both employment and inflation numbers were worse than expected. Stagflation approaches. Or is it already here?

Ninety years later, every Fed decision — from raising rates to curb inflation to cutting them in a downturn — still flows through the framework created in 1935.

It seems that I could end today’s analysis after writing the title. That’s exactly what is happening. Ok, USD’s comeback above the upper support line and the April low is one other notable thing, but other than that things are pretty much as they were yesterday.

If you’ve been wondering why many of the junior and micro-cap PM stocks are beginning to show some life, the CDNX is a good index to look at. One of the most beaten-down areas within the PM complex have been the junior and micro-cap stocks, which have gotten no love...

Raising the debt ceiling takes the Fed out of the reserve volatility frying pan—but may land it in the debt-monetization fire.

A lot more news streamed in since my Deeper Dive on the labor market, affirming the major recessionary downturn I reported in my analysis. However, since I covered that extensively in the Deeper Dive, I’ll let the headlines below speak for themselves in telling the...

The Bureau of Labor Statistics this morning released new revised benchmark payroll totals used for estimating employment in the United States. The new revisions adjusted payrolls, for the year-long period ending in March 2025, downward by 911,000.

President Trump has recently endorsed a policy that is arguably as socialist as anything proposed by New York mayoral candidate Zohran Mamdani or Sen. Bernie Sanders — partial government ownership of private corporations.

Retail sales showed a healthy increase of 0.5 percent in July. At the time, analysts claimed this was a sign of a resilient consumer. Turns out, they charged that shopping spree to their credit cards.

As fast and furious as it has been, the gold rally has not stopped yet. In fact, it even just took out the 1980 US inflation-adjusted high.

Basis GDX, gold stocks hit an all-time high yesterday… and gold is powering up the charts again today!

Economist Torsten Slok produced an interesting chart showing how the inflation cycle of today resembles that of the 1970s.