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RECENT EDITORIALS

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April 12th, 2024

Powerful Gold Breakout Moves Closer to $2500 Technical Target

Another day, another all-time high for the gold price. Since the last week of March, Gold Futures have risen over $250 to move above $2400 as I type this column while trading up 11 of the past 13 Comex sessions. The safe-haven metal is rising sharply despite real yields and sticky inflation signaling...

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April 5th, 2024

Junior Gold and Silver Stock Trains are Leaving the Station

Despite a multi-month high in the U.S. dollar and rising Treasury yields, Gold Futures posted an all-time high at $2238 at the end of Q1. This significant event has shifted risk to the upside in the precious metals complex. Heading into the first week of Q2, the rising USDX has clearly lost its grip on the gold...

OTHER EDITORIALS

Powerful Gold Breakout Moves Closer to $2500 Technical Target

April 12th, 2024

Another day, another all-time high for the gold price. Since the last week of March, Gold Futures have risen over $250 to move above $2400 as I type this column while trading up 11 of the past 13 Comex sessions. The safe-haven metal is rising sharply despite real yields and sticky inflation signaling “higher-for-longer” Fed policy interest rate expectations...

Junior Gold and Silver Stock Trains are Leaving the Station

April 5th, 2024

Despite a multi-month high in the U.S. dollar and rising Treasury yields, Gold Futures posted an all-time high at $2238 at the end of Q1. This significant event has shifted risk to the upside in the precious metals complex. Heading into the first week of Q2, the rising USDX has clearly lost its grip on the gold market as U.S. government debt continues to spiral higher, now adding $1 trillion more every...

Gold Rests as Silver and the Miners Begin Catching Up

March 15th, 2024

After a sharp two week rise into blue-sky territory above $2200, which saw gold move up $150 during 8 consecutive positive trading sessions, short-term extreme overbought Gold Futures were due for a rest coming into a heavy U.S. data schedule this week. With higher U.S. inflation data coming in a bit hotter than expected on Tuesday, the safe-haven metal began a healthy consolidation of outsized gains on que...

PDAC Curse Reversed Again as Regional Bank Fears Return

March 8th, 2024

Each year, during the first week of March, investors, analysts, mining executives, prospectors, geologists, government officials, and students from 135 countries descend upon the Metro Toronto Convention Centre 
in Canada to attend the world’s largest mining convention. The Prospectors & Developers Association of Canada (PDAC) is the world’s premier mineral exploration and mining event...

Gold Remains Firm as A.I. and Bitcoin Euphoria Goes Parabolic

March 1st, 2024

I have received several emails recently inquiring about my thoughts on the recent move out of gold ETFs and into Bitcoin, which has increased since the beginning of 2024 along with rhetoric of Bitcoin replacing gold as a safe-haven. While it is true that investor capital has been flowing out of gold ETFs and into bitcoin, it is also true that all parabolic rises in anything eventually crash...

Gold Volatility Increases as Fed Pivot Remains on Hold

February 2nd, 2024

To begin what has been a volatile week in the marketplace, the tragic killing of three U.S. soldiers in Jordan over the weekend by an Iranian proxy group sparked a safe-haven rush into the U.S. dollar, T-bonds, and gold. The safe-haven metal rose above $2050 into the FOMC meeting conclusion on Wednesday, to close out January at $2067 per ounce despite recent hawkish Fed-speak...

Gold is Quietly Building a New Floor at $2000

January 12th, 2024

With Gold Futures heading towards a weekly close back above $2050 to end the Comex trading week, gold bulls have turned the more bearish momentum to start the year into a more bullish one instead. Both gold and silver moved higher even as 10-year Treasury yields and the U.S. dollar remained strong after mixed inflation data...

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