Gold Editorials & Commentary

In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason (President and CEO of Money Metals Exchange) and JP Cortez (Executive Director of the Sound Money Defense League) shared their expert analysis on...

There is a secret tool available to investors who are attempting to identify winning silver and gold mining companies. Indeed, it makes a tremendous difference which mining companies investors choose: consider that from 2005 – 2011, as silver bullion rose 500%,...

Can the HUGE price move from those years really be repeated? As gold continues to move back and forth in the same trading range, I decided to dedicate today’s analysis to something different. After all, I already described my current gold price forecast for May 2024...

Financially speaking, the markets have been all over the map in the past four years since the onset of Covid and the self-inflicted wounds from forced economic shutdown. I went back to August 2020, five months after the festivities began,  and pulled up some charts...

Factoring in sizeable over-the-counter (OTC) buying, gold demand charted its strongest first quarter since 2016. Excluding OTC buying, demand fell 5 percent to 1,102 tons. Significant outflows of gold from ETFs drove the dip. But including over-the-counter buying by...

The best-performing precious metal for the past week was platinum, up 5.50%. Impala Platinum Holding reported quarterly production that increased from a year earlier and that customer orders remained robust.

The market rallied over 1% on Friday on a much worse than expected jobs report. And, I had a financial television show on in the background after the close, and I heard the host state the following after the rally made no sense to him:

Most US citizens have no savings and are carrying significant credit card debt. While the CPI, PPI, and PCE reports show inflation is in the 3% range, the average citizen feels that costs are rising much faster for them.

While I do not necessarily agree with the writer’s assertion that mining costs are likely to keep rising, short/intermediate-term, the writer has got the theory right. Gold mining leverage to gold will be positive when gold is either rising faster than costs. But it...

The weak GDP figure for the first quarter came with a double negative: poor consumer spending and exports, plus a rise in core inflation. The US administration’s enormous fiscal stimulus underscores the importance of considering the weaker-than-expected data.

Confidence in institutions such as the Federal Reserve may be falling, but it hasn’t fallen nearly as far or as fast as it should. Trillions of dollars, yen, euros, and yuan are invested according to central bank policy and propaganda. It isn’t going well.

Vince Lanci of Echo Bay Futures & GoldFix on Substack joins us to wrap up market action in April and discuss Gold’s outlook in May. Vince believes Gold has more downside and will be watching the action after the CPI on May 15.

There are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back? In a column published by the Telegraph, economist Julian Jessop points out that people have been predicting the dollar's demise for decades....

As of May 1, spot gold was at $2,319 an ounce. The precious metal is up 12.6% year to date despite headwinds. These include a strong US dollar, positive real yields (Treasury yields minus inflation above zero), investors selling their gold ETFs, and inflation coming...

As of today, the markets, pundits and FOMC circus followers are all wondering when Powell’s promised rate cuts will come to save the Divided States of America and its Dollar-thirsty, debt-dependent “growth narrative.”

Some of you may remember Gary Liebowitz, a troll that I 86’d from the site years ago. He still harangues me now and then, and I am saddened to report that his rage has only worsened, especially where Trump is concerned. Here’s a pungent note from Gary that just...

Now that we've finally seen a correction following a torrid 2 month rally in the gold and silver market, Vince Lanci explains how the battle around $2300 in gold is starting now.

Gold, Silver and the miners declined this week but all remained above key support levels. Silver retested support at $26.30 and formed a bullish hammer today. Gold & gold stocks could decline more and test their support levels.

Adrian Day returns to the show to discuss the intriguing dynamics of the gold and silver markets amidst global turmoil. Adrian discusses the central banks' significant gold purchases, the shift in retail and ETF investments, and silver's unique position compared to...

From my last article posted back in mid-April, gold has turned south, and is in the midst of a correction with our 72-day time cycle. Though this decline looks to have further to run, it is expected to end up as an eventual countertrend affair - due to the position...

Not to overly dwell — let alone predict — by subject title, however if we search our recollect (thank you Ken Starr), was it not by this time a year ago that we’d witnessed a few banks go?

As central bankers waver on rate cuts, precious metals markets continue to pull back. On Wednesday, the Federal Reserve opted to leave interest rates unchanged. Given the spate of recent hotter-than-expected readings on inflation, policymakers had little choice but...

Our proprietary cycle indicator is UP. GLD is on short term sell signal. GDX is on short term sell signal. XGD.to is on short term sell signal. GDXJ is on short term sell signal.

Central banks continued to steadily add gold to their reserves in March. On net, central banks globally increased their gold holdings by 16 tons, according to the latest data compiled by the World Gold Council. Buyers added 40 tons of gold to their reserves. This...

Money Metals' Midweek Memo host Mike Maharrey recently interviewed Saleha Mohsin, a senior correspondent at Bloomberg News and author of the new book Paper Soldiers: How the Weaponization of the Dollar Changed the World Order.

After blasting higher in a remarkable breakout surge, gold is pulling back.  Such mid-upleg selloffs are normal and healthy, rebalancing sentiment to maximize uplegs’ longevity.  Gold’s pullback is naturally weighing on gold stocks, fueling some bearishness.  But...

Here are today's videos and charts.

The Gold/Oil ratio would resume a positive fundamental tailwind for the gold mining sector if it breaks out.

For years there was a tight correlation between US interest rates and gold, as when the yield went higher, gold would trade lower and vice versa. But in the past 2 years we've seen a breakdown in that relationship.

Gold against the 60/40 portfolio is the most important Gold chart for 2024. I expect this chart to give a secular bull confirmation signal over the coming months. It’s end of April reversal prevented the signal at the close of the month.