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Weekly Archive

By: Craig Hemke - 21 October, 2016

And now look at what has happened during the October...a month which is historically the lightest "delivery month" on the Comex calendar. Again, referring to the charts above you can see that the total number of Oct15 "deliveries" was 950 for 95,000 ounces or slightly less than 3 metric tonnes. Through yesterday, October 21, the Oct16 "delivery" total is a whopping 9,163 for 916,300 ounces or about 28.5 metric tonnes. This is over a 9X increase versus the same month last year! Full Story

By: Adam Hamilton, Zeal Intelligence - 21 October, 2016

Gold’s early-October plunge on futures speculators’ stop losses being run has naturally left this metal mired in battered technicals and bearish sentiment. But that sharp selloff has already accomplished its rebalancing mission. The excessive gold-futures trading positions that triggered that stop running have already reversed, and the investors fueling gold’s bull are starting to buy again. Gold is green lighting its next upleg. Full Story

By: Market Anthropology - 21 October, 2016

On the flip side of the coin is gold, which as we’ve described in the past carries a strong inverse correlation with real yields and exhibits sharply positive returns in a negative real yield market environment, where the opportunity cost of holding a non-interest bearing asset like gold becomes highly attractive and where underlying market psychology is often affected by a broader loss of confidence in monetary policy and/or creditors future returns. From our perspective, we expect both. Full Story

By: Alasdair Macleod - 21 October, 2016

It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed and physical cash. Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold. It is particularly appropriate at a time when banking analysts have turned generally bearish, believing that the rally in gold is now over. Full Story

By: Roland Watson - 21 October, 2016

Going way back to November 1998 after the Warren Buffett spike, the OHLC bar range of silver dropped below this moving average. With that silver re-entered its long term bear market and what one would have been looking for with this indicator was for the silver’s OHLC range to complete one full month above and clear of the 20 month moving average. Full Story

By: Przemyslaw Radomski, CFA - 21 October, 2016

The big decline in the precious metals appears to already be underway (even though we are in a short-term corrective upswing) and it seems that gold will move much lower in the coming months even though it’s likely to move higher in the coming days. The big decline remains to be the most important development for gold and silver investors. Why? Because this decline’s end is likely to present the ultimate buying opportunity for precious metals and for mining stocks. Full Story

By: Stefan Gleason - 21 October, 2016

The 2016 election year is bringing out the worst among some elements of society. From vandalism to physical assaults to large scale race riots to terrorist bombings and mall stabbings, social disorder has become a more prominent feature of life in a polarized America. Full Story

By: Deepcaster - 21 October, 2016

Regardless of who wins the U.S. Presidency, there are Key Post-Election Economic and Market Events which are highly probable. And the advance knowledge of these events will give well-informed Investors an Opportunity for Great Profit and to protect Wealth against Great Impending Threats. To understand these, consider the following overview. Full Story

By: Arkadiusz Sieron - 21 October, 2016

To properly understand helicopter money and its potential effects for the gold market, it is necessary to analyze differences between it and quantitative easing. In some senses, both tools are similar as they support the government budget. Some analysts even call quantitative easing in ‘helicopter money in disguise’. However, there are a few important differences between these two monetary policies, as one can see in the table below. Full Story

By: Gary Savage - 21 October, 2016

October 21 Video Commentary Full Story

By: Peter Diekmeyer - 20 October, 2016

Recent reports suggest that Kim Kardashian is pulling back from social media, in the wake of a reported $10 million robbery of her jewelry by Paris assailants. The move, which according to sister Kourtney, is being made “just [to] make sure we’re protected as well as possible,” illustrates a lesson the nouveau riche often learn the hard way: it generally pays to be discreet about wealth. Full Story

By: Nathan McDonald - 20 October, 2016

Are you shocked, confused, and frustrated by the nonstop stream of lies that are being uttered by the United States Government, by the Mainstream Media, and their talking mouths? You're not alone, as people continue to turn off their televisions in record numbers and seek out the truth through alternative means, such as social media and non-mainstream news outlets. Full Story

By: - 20 October, 2016

Byron King of Jim Rickards Gold Speculator and Agora Financial predicted the explosive PMs rally of 2016 months in advance.
The recent selloff could soon reach capitulation levels, presenting unique value opportunities in gold and silver investments.
Byron King outlines one of his favorite PMs exploration firms, Brazil Resources, calling it, "The most underpriced company in the Gold Speculator's portfolio." Full Story

By: David Haggith - 20 October, 2016

Let me just offer you and your colleagues in merry old England a piece of advise: the further down Recovery Row you go, the less bang you get for the buck or less pop for the pound. You have not overcome gravity; you have not overcome the Law of Diminishing Returns. So, even drowning the patient in epinephrine is not going to restart his placid heart. At best, you’ll get one dying reflex kick. And the further you go with this, the worse real recovery will have to be when we try to get off the drugs. Full Story

By: Hubert Moolman - 20 October, 2016

A breakout at the line, shown above, would be similar to the 1978/1979 breakout, before gold exploded to a high of $850. However, in 1979, it did not align properly with a debt-collapse as well as a stock market collapse. This time it could very well align perfectly to deliver a fatal blow to the international monetary system. Full Story

By: Koos Jansen - 20 October, 2016

Gold supply and demand data published by all primary consultancy firms is incomplete and misleading. The data falsely presents gold to be more of a commodity than a currency, having caused deep misconceptions with respect to the metal’s trading characteristics and price formation. Full Story

By: Bob Kirtley - 20 October, 2016

As the final presidential debate looms one wonders if we will hear anything of substance or be subjected to a continuous barrage of ‘soap opera’ style chit chat. Hilary Clinton’s lead is increasing according to the bookies with the latest odds at 1/5 and Donald Trump at 9/2. The sooner this is over the better for all of us as the uncertainty will have been removed and we can get back to business as usual. Full Story

By: Avi Gilburt - 20 October, 2016

Despite my many warnings against inappropriately using these leveraged vehicles, many investors still view them as an “investment.” Too many people will place their money into these triple leveraged funds expecting that they are going to supercharge their returns. But, these funds are not meant for buy-and-hold investors. You see, these funds are generally designed to drop in price, which is why they have all had many reverse splits through the years. Yes, you heard me right. They are designed to lose money over the long term. Full Story

By: Rick Ackerman, Rick's Picks - 20 October, 2016

Pity the poor Japanese finance ministers. For years, they’ve put their heart and soul into trashing the yen with 12-zero monetization schemes and such, all to no avail. Far from doing a kamikaze dive, the currency merely levels off for a while before resuming its export-killing rally. Live by the carry, die by the carry trade, as the old saying goes. Much as I’d like to be able to reassure Abe that his goals and Hidden Pivots are in felicitous alignment, the opposite appears to be true. In fact, the yen has been on a ‘mechanical’ buy signal since the currency pulled back to the green line on September 2 (see inset). Full Story

By: Michael J. Kosares - 19 October, 2016

Gold is not just an inert metal, it is also an indifferent metal. It doesn’t care who wins the election. It is apolitical – one might even call it politically agnostic. In the end, it will respond to the macro-economic situation globally as it unfolds no matter who sits behind the desk in the Oval Office. It will assume, as it has in the past, that presidents can only do so much no matter what political agenda he or she intends. Washington, it says, is not Mount Olympus where the gods dwell, but the place where a mere mortal will take the stage January 20, 2017 – for better or worse. Full Story

By: Peter Degraaf - 19 October, 2016

Featured is PHYS the Sprott Gold Trust. Price produced an Upside Reversal (blue arrow), on Oct. 7th. Since it happened at the bottom of the rising channel and at the 200 Day Moving Average, this was an important clue. Confirmation occurred on Oct. 18th, with price breaking out above recent congestion. (See the zoom chart at right). The supporting indicators have turned positive (green lines), and the 50DMA is in positive alignment to the 200DMA (green oval), while the latter is in firm uptrend. The first target is at the green arrow. Full Story

By: Avi Gilburt - 19 October, 2016

We have many analysts and commenters posting many different perspectives on the metals for years. Some view them as a terrible investment and others view it as the only reasonable investment. I am not going to discuss the merits or fallacies contained in both of their perspectives, but I would like to simplify the potential in the complex for the average investor. Full Story

By: Steve St. Angelo, SRSrocco Report - 19 October, 2016

U.S. Mint Silver Eagle sales surged in the first half of October due to increased turmoil in the political system and economic markets. Silver Eagle sales were strong in the first five months of the year, but weakened in the summer due to several factors. One factor was the fall-off in demand by the Authorized Dealers (wholesalers) who had continued to purchase record Silver Eagles in the first part of 2016, even though retail investor demand had softened.. The other factor was a weakening of investor demand as the contagion from the U.K exit of the European Union subsided in the summer. Full Story

By: Graham Summers - 19 October, 2016

The Central Banks are going to go absolutely nuclear within the next 18 months. In the last few weeks we’ve seen the Bank of Japan, the Bank of England, the European Central, and the US Federal Reserve all push for fiscal stimulus instead of monetary stimulus. What this means is that Central Banks are collectively saying, “We have reached the end of what QE and rate cuts can do, it’s now the Government’s responsibility to juice the system.” Full Story

By: Clint Siegner - 19 October, 2016

Metals investors wonder what this presidential election will mean for gold and silver markets. Since Nixon closed the gold window in 1971 and the years of price inflation that followed, presidents have largely ignored gold, the Federal Reserve, and other issues related to sound money. Today, the devaluation of the Federal Reserve Note – the explosion of debt and the eternal deficits which enrich bankers and the political class at the expense of the rest of us – is getting harder to ignore. Full Story

By: Gary Savage - 19 October, 2016

GDX has now completed a weekly swing barring a complete reversal the rest of the week. This deep into an intermediate decline a swing stacks the odds heavily in favor of the correction being over. The metals should now rally for the next 3-4 months. Full Story

By: George Smith - 19 October, 2016

Even conceding for a moment that having a president is a good idea, neither major party candidate promises to support the values of liberty — peace, prosperity, and sound money. They wouldn’t have made it this far if they had. The empire’s unofficial banner is and has been perpetual war, taxes, and inflation. But that’s a banner only waved by the empire’s critics. Our friends in the mainstream media apparently see our best interests lie in uncritical obedience to the regime. Full Story

By: The Daily Coin - 18 October, 2016

After doing a search for “gold news” earlier today the first story to come up was about an American smuggling 121 pounds of gold into Bolivia. That’s a lot of gold for an individual. 121 ounces is one thing but 121 POUNDS – WOW, that’s impressive. The gold is estimated to be valued around $1.5 million U.S.. The gentleman was also carrying “several pounds of silver” as well. Full Story

By: Gary Christenson - 18 October, 2016

It is an election year. We should anticipate 8 years of upcoming trauma, following nearly 8 years of “hope and change,” after 8 years of “no nation building,” after 8 years of “I did not have sexual relations with that woman.” Examine the official US national debt in 8 fiscal year increments (10/1/84 – 9/30/92 etc.) using linear and log scales. Full Story

By: Craig Hemke - 18 October, 2016

This post is intended to remind you that this case is not about the present and it's not about the $38MM dollars. Instead, the true significance of this lawsuit will be on display over the coming months and years as innumerable new class action lawsuits are filed against The Bullion Banks for their collective role in rigging and manipulating the precious metals markets. Full Story

By: Stewart Thomson - 18 October, 2016

Janet pulled the plug on QE, as I predicted she would. Now it’s time for her to stop doing the bidding of a debt-soaked government. It’s not time to make America great. It’s time to make it normal, by raising rates in December, and consistently in 2017. If she does that, gold stocks, money velocity, and bank loan profits will all soar while an out of control government gets taken to the woodshed, where it belongs! Full Story

By: Steve Saville, The Speculative Investor - 18 October, 2016

All else remaining equal, an increase in the supply of money will lead to a decrease in the purchasing-power (price) of money. Furthermore, this is the only effect of monetary inflation that the average economist or central banker cares about. Increases in the money supply are therefore generally considered to be harmless or even beneficial as long as the purchasing-power of money is perceived to be fairly stable*. However, reduced purchasing-power for money is not the most important adverse effect of monetary inflation. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 18 October, 2016

The Wall Street Journal itself seems to accept this most undemocratic wielding of immense power as the natural order of things. But just as the old advertising slogan for rye bread noted that "you don't have to be Jewish to love Levy's," you don't have to be a Nazi to question central banking. Theoretically, at least, you could even be a journalist, if not at The Wall Street Journal. Full Story

By: Frank Holmes - 18 October, 2016

Just as April showers bring May flowers, plentiful monsoon rains in India tend to drive up demand for gold jewelry among rural, income-flush farmers, who make up a third of the country’s consumption of the yellow metal. It’s a relief to hear, then, that India just had its best monsoon season in three years, with heavy rains washing away people’s fears of yet another drought. Full Story

By: ZeroHedge - 18 October, 2016

2016 is shaping up as the year when countless conspiracy theories will be confirmed to be non-conspiracy fact: from central bank rigging of capital markets, to political rigging of elections, to media rigging of public sentiment, and now, commercial bank rigging of silver. In short, tinfoil hat-wearing nutjobs living in their parents basement have been right all along. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 17 October, 2016

Having been pressing this issue for 17 years against what seems to be all the money and power in the world, GATA knows very well that this issue is essentially prohibited in polite company. After all, the world financial system now rests on the lies that markets are free and currency values true. If those lies are ever exposed and understood, all power arrangements on the planet will change. Full Story

By: Gordon T. Long - 17 October, 2016

The Central Bankers have clearly painted themselves into a corner as a result of their self-inflicted, extended period of “cheap money”. Their policies have fostered malinvestment , excessive leverage and a speculative casino approach to investments. Investors forced to take on excess risk for yield and scalp speculative investment returns, must operate in an unstable financial environment ripe for a major correction. A correction because of the high degree of market correlation that likely would be instantaneously contagious across all global financial markets. Full Story

By: Captain Hook - 17 October, 2016

Adolf would be proud. The Boys (and girls) From Brazil (been on this page for some time now) are hard at work these days bringing their idea of a perfect global corporate state to the world, with the latest volley being Obama transferring control of the internet over to an agency run by the United Nations (UN), giving countries like China and Iran command of censorship in the future. If this is allowed to occur, gradually, the face of the internet will change in coming years to reflect the corporatist elites and authoritarian governments that dominate the world, crushing the last bastion of declining free speech remaining – America. Full Story

By: Frank Holmes - 17 October, 2016

Historically, the months of September and October have been a good time to invest in gold, according to Unum Capital. In an email note, trader Rob Pietropaolo says that over time, the gold price has become quite predictable for a very specific reason. “September is typically the month when traders start buying ahead of India’s festivals and wedding season,” he said. “Gold is India’s biggest import item after crude oil.” Full Story

By: The Daily Coin - 17 October, 2016

The economy, not only in the U.S. but around the world, is in unchartered territory. With billions, if not trillions, of sovereign bonds issued at a negative interest rate and still billions, if not trillions, more issued at near zero interest rates, sovereign debt has become quiet unstable. Yes, U.S. Treasuries, Japanese bonds and various other sovereign bonds are still being issued, still be adding to other nations and institutions ledger sheets, however, when these begin to actually impact these ledger sheets or are brought back to market then what? What will happen as a financial investment instrument comes to market that no one wants or matures and the investor has actually lost a lot of capital? Full Story

By: Stewart Dougherty - 17 October, 2016

If this theme develops as the IA model projects, the resulting new reality will have a profound effect on every United States citizen living either within or outside the country. (U.S. citizens are taxed no matter where in the world they reside.) While the entire American experience will be re-shaped by this new reality, citizens’ financial freedom, and therefore their overall liberty is particularly at risk. This theme extends beyond the United States, especially to Europe, but in this article we will focus on the U.S. situation. Full Story

By: Rick Ackerman and Cam Fitzgerald - 17 October, 2016

I just have to say something about platinum here, particularly as it relates to stock market corrections. The reason I bring this up is because of the steep losses platinum has recorded recently relative to other precious metals. Does everyone remember the steep dive platinum began in May 2008? The world’s stock markets had just begun to roll over when platinum suddenly went into a death spiral, dropping by nearly $1500 over the next five months, from $2234 to $752. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 17 October, 2016

If you look at my article (and indeed previous ones) you will see that my aim is to defend the integrity of the London gold fix as a method to derive a fair benchmark price. My aim is not to defend the integrity of the institutions operating the fix. The reason for this is that I simply do not have the visibility over all fixing members and their every trade that I would need to say that these guys are 100-percent honest. No one does. Full Story

By: - 16 October, 2016

With no formal education or training, Peter Grandich entered Wall Street and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. He was the editor and publisher of four investment newsletters, and appeared on national TV and radio over 400 times.
David Morgan: Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals. Full Story

By: John Rubino - 16 October, 2016

This bottom, when it comes, could be an important one for a variety of reasons, including the sea change taking place in the thinking of the world’s major governments. Since their recent aggressive monetary ease didn’t work, they’ve apparently decided to repeat the experiment with an extra zero or two (see The Floodgates Begin To Open). This combination of low-to-negative interest rates and insanely high government deficits will create an environment in which gold and silver – bought at the right price – should be among the best things to own. Full Story

By: Gary Savage - 16 October, 2016

This video discusses a number of technical considerations that affirm the correction in metals is about over. Also discussed are the potential price targets for both gold and the mining index by mid-2017. Full Story

By: Charles Hugh Smith - 16 October, 2016

Though no one can foretell the future, it is self-evident that the status quo—dependent as it is on cheap oil and fast-expanding debt—is unsustainable. So what will trigger the collapse of the status quo, and what lies beyond when the current arrangements break down? Can we predict how-when-where with any accuracy? Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 16 October, 2016

Not having seen the study, GATA has no position on it, but Norman's disparagement of the lawsuits brought against the bullion banks in the London fixes is weak. For of course the plaintiffs would not have sued if they lacked a "pre-ordained desire for a guilty verdict." Further, every lawsuit in the United States is brought "in search of evidence to support it." That's what the discovery and deposition processes in lawsuits are about. Full Story

By: John Rubino - 16 October, 2016

It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to service it – and inflation (the other way to shrink a debt burden) remains below target. Full Story

By: The Daily Coin - 16 October, 2016

Over the past several months there has been a number of analyst “predicting” how the Federal Reserve Note, U.S. dollar is going to collapse or the impact the renminbi being added to the SDR basket of currencies is going to blow apart the financial system and my personal favorite gold backing this currency or that currency while gold begins moving to $10,000 per ounce. If you want facts you discuss changes with the people that are actually influencing the changes or a member of the team creating the change. Full Story

By: Gary Tanashian - 16 October, 2016

I have not gone off the deep end and joined the “community” of boosters, promoters, pompom waving cheering squads and general cult figures who you can just tell not only want you to adore gold, but in some cases need you to act on your adoration and buy gold or gold stocks. Read into that what you will, but the history of investors burned by the pitch, which tugs at peoples’ morals, sense of right and wrong and plain old common sense, is a long and storied one. Full Story

By: Warren Bevan - 16 October, 2016

Stocks are exhibiting more choppy and weaker action these days as we move back into earnings season. This saw me exit stocks and I’m in an all cash position once again with not much on the horizon for a couple weeks from what the charts are telling me. That said, I may grab a few quick short-term short trades if they come to me, but otherwise, I’ll be waiting for setups to complete in a couple or few weeks. Full Story

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