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Weekly Archive

By: Jordan Roy-Byrne, CMT - 10 June, 2016

Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend remains intact, the odds favor lower prices in the days ahead. Full Story

By: Adam Hamilton, Zeal Intelligence - 10 June, 2016

Gold’s strong gains so far this year have been overwhelmingly fueled by one dominant driver, massive investment buying. After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions. And since their collective gold holdings were so incredibly low heading into 2016, reflecting hyper-bearish sentiment, gold’s investment buying has only begun. Full Story

By: Peter Diekmeyer - 10 June, 2016

Experts worry about stock, bond and real estate market excesses. But a bubble is forming that dwarfs them all: in pension plans. Millions of Americans and Canadians who are counting on pension benefits to fund their retirements risk being severely disappointed. The hard money community has, of course, been aware of this for some time. However in recent years, even the elites have been taking notice. Full Story

By: Alasdair Macleod - 10 June, 2016

This article lays out the problem and its scale, so far as it is known, and notes that a pension fund that has a holding in gold is a very rare animal. Indeed, one of the best known examples, the Teacher Retirement System of Texas, holds less than 1% of its $130bn assets in gold. A short recap of the industry’s post-war development will give the pension issue its context, before commenting on the role gold can play. Full Story

By: - 10 June, 2016

Chris welcomes Dr. Stephen Leeb, best selling author and head of The Complete Investor.
Ultimately, gold will be recognized as the only reliable money, which is why every investment portfolio must include the yellow metal and or PMs shares.
Gold could soar more than 8 fold from current levels, to $5,000-$10,000+ per ounce amid a conflagration of global economic challenges. Full Story

By: Gary Tanashian - 10 June, 2016

As for gold, it is not in a bull market because smart people say so or because others, who were bullish uninterrupted from 2011-2015, say so. It may be in a bull market because so many charged opinions are flying around out there and emotions are running high (conditions in play throughout the 2001-2011 bull phase). It is definitely in a bull market, along with silver by the simplest charts imaginable. Indeed, neither metal ever exited its secular bull market. Full Story

By: Dan Norcini - 10 June, 2016

Speaking of the mining shares, apparently Mr. Soros, a leftist who has a vile habit of undermining anything that remotely resembles individual liberty, is enamored with gold stocks and that has the investing world piggybacking his ownership of the shares. The chart is strong but recent price moves higher have yet to put in a CLOSE above the early May peak. We will be watching to see if that can be done. Note that all of the major moving averages shown are trending upwards and that price remains well above them all. That is strongly bullish. Full Story

By: John Rubino - 9 June, 2016

The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers actually turn a profit on their debts — and people will borrow money, spend it, and growth will ensue, with all that that implies for incumbent party election victories, banker year-end bonuses and other extremely important public policy goals. Full Story

By: Bill Holter - 9 June, 2016

For more than three years we have watched the COMEX very closely. The initial clue to begin watching were the waterfall events where the amounts of paper gold and silver sold simply dwarfed what was being mined. I have said many times after the smackdowns, "first, no one has this much (gold or silver), second, no trader would ever sell in this fashion and destroy the price he will receive for the sale. Clearly the sales were done to affect price downward". Each time I have written on this topic and suggested it would ultimately end with a delivery default I have been trolled. It looks very much like we will soon find out a default of delivery is not only possible but highly probable. Full Story

By: Jeff Thomas - 9 June, 2016

In much of what was once called “the free world,” governments and economies are in the throes of self-destruction. Before long, we shall witness revolution in several of these countries. The revolutions may prove to be violent, or they may prove to be “soft” revolutions – major changes in the political structure. They may vary anywhere from mere changes in the rhetoric of political hopefuls, to changes in the actual structure of governments. Full Story

By: John Browne, Euro Pacific Capital - 9 June, 2016

As the June 23rd BREXIT (the UK-wide referendum to leave the EU) vote draws near, the polls indicate a close result. Those urging a vote for the UK to remain inside the EU are suggesting increasingly dire economic consequences that would follow a yes vote by the British people to leave. Voices from London, Brussels, and Washington have all put immense pressure on British voters to bend to the will of the elites. To listen to their commentary one would think that apocalypse was just around the corner. But is there any substance to their warnings? Full Story

By: - 9 June, 2016

Robert Kiyoaski, America's 'Rich Dad' returns to the show - he just added $1 million of gold to his Fort Knox sized stockpile.
The author of Second Chance: for Your Money, Your Life and Our World (2015) and the Rich Dad book series author also penned two books with Presidential candidate, Donald Trump Why We We Want You to Be Rich and The Midas Touch meant to guide the middle and working classes to prosperity. Full Story

By: Nadeem Walayat - 9 June, 2016

One of the primary drivers for triggering the EU Referendum Is immigration and more specifically EU immigration that many deem to be out of control as membership of the European Union means free movement of workers which has prevented the UK from controlling its borders now for over a decade as the UK is buffeted by waves of ever escalating migrant flows from Europe each year. All adding to those that came before with total immigration from the EU since 2000 now having passed the 5 million mark. Full Story

By: David Smith - 8 June, 2016

On December 7, 1941, Kermit Tyler, an untrained watch officer, was on duty when a radar operator reported to him that he was seeing a large "blip" on the radar screen headed towards Pearl Harbor. Thinking it was a flight of returning U.S. B-17 bombers, Kermit replied nonchalantly, "Don't worry about it." The "blip" turned out to be the first wave of over 300 Japanese fighters and torpedo bombers bent on attacking U.S. naval and air assets, an act which would plunge the country into World War II. Full Story

By: Dave Kranzler - 8 June, 2016

For starters, I want to re-emphasize the importance of getting your money OUT of fiat currency and OUT of U.S. banks. If you read this article and do not come to that conclusion, you will end up getting what you deserve: Commerzbank To Hoard Euros The Fed is devaluing the dollar every day. My solution for day to day cash management is Bitgold. I am not an “ambassador” or “affiliate.” But I am convinced that it’s the best viable means of managing money that requires “fungability” – i.e. that you need for daily expenses. You can sign-up for Bitgold here: Gold-Backed “Checking” Account. Bitgold operates OUTSIDE of the global Central Banking system. Full Story

By: Gary North - 8 June, 2016

It rests on the universal assumption of all socialist thought, namely, the assumption that nature imposes no inherent limits. Therefore, scarcity is the product of evil institutions — institutions based on private ownership. “Property is theft,” announced Proudhon. So, socialists conclude, the state should steal it back from the thieves and give it to everyone. This has been the socialist party line for 200 years. Full Story

By: The Northern Miner - 7 June, 2016

Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is moving forward on pre-development studies that may lengthen mine life at its Pirquitas silver mine in northern Argentina's Jujuy province, by combining material from Golden Arrow Resources' (TSXV: GRG; US-OTC: GARWF) Chinchillas silver-lead-zinc project, located 35 km northeast. Full Story

By: Peter Schiff, Euro Pacific Capital - 7 June, 2016

Stop me if you've heard this one before: A Fed official walks into a bar and says the economy is improving and rate hikes are appropriate. The patrons order another round to celebrate. Then disappointing data comes out, the high fives stop, and the Fed official ducks out the back...only to come back the next day saying the same thing. Anyone who pays even the smallest attention to the financial media has experienced versions of this joke dozens of times. Yet every time the gag gets underway, we raise our glasses and expect the punch line to be different. But it never is. Last week was just the latest re-telling. Full Story

By: Michael J. Kosares, USA Gold - 7 June, 2016

“And I am very struck by the fact that over many many years, central banks, governments and individuals have always, despite the protestations of economists, held some gold in their portfolio. Obviously, there is no high running return, but when unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept. And I think that’s why even central banks have always had a role in their portfolios for gold,” he adds. Full Story

By: Deepcaster - 7 June, 2016

Ever-so-quietly, the International Powers-that-be are beginning to implement a Massive Monetary and Fiscal Policy Shift—a Shift which is a Great Threat to your Wealth. However, for those who are aware of it, the Threat to Wealth can be Transformed into a Great Wealth Acquisition Opportunity, but you must start preparing NOW! See our recent (week of June 10, 2016) Alert for Deepcaster’s latest Buy Recommendation. Full Story

By: Graham Summers - 7 June, 2016

Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple. Look at all those “V” rallies. Three days in a row stocks opened DOWN and someone immediately stepped in and began buying aggressively. Full Story

By: Chris Powell, Secretary/Treasurer, GATA - 7 June, 2016

And -- the amusing part -- the fund seeks to eliminate "derivatives risk (i.e., the use of unallocated gold, gold certificates, exchange-traded products, derivatives, financial instruments, or any product that represents encumbered gold)," as well as "'empty vault risk' or gold bullion lending risk (i.e., the practice of the gold custodian lending, pledging, hypothecating, re-hypothecating, or otherwise encumbering any of the investors' underlying gold bullion)." Full Story

By: Rambus - 7 June, 2016

There are two patterns I’m watching very closely in here on the HUI which will be a proxy for the rest of the PM stock indexes. This first chart is daily chart which shows the three small consolidation patterns that have formed since the January low. The top pattern basically completed its fourth reversal point today which is an expanding falling wedge. One of two things will most likely happen tomorrow. If this is the correct consolidation pattern then we will most likely see a breakout gap above the top rail which should lead to the next impulse move up. Full Story

By: Frank Holmes - 7 June, 2016

A “slow-growth trap.” That’s how the Organization for Economic Cooperation and Development (OECD) described the global economy last week in its latest Global Economic Outlook. The group sees world GDP advancing only 3 percent in 2016, the same as last year, with a slight bump up to 3.3 percent in 2017. Full Story

By: Jack Chan - 7 June, 2016

Oil and energy stocks have been correcting but oil prices remain firm, thus resulting in a divergence that has been in place for a few weeks now. According to current COT data, crude oil is due for a correction; caution is advised. Full Story

By: Rick Ackerman, Rick's Picks - 7 June, 2016

I’m skeptical toward Gold’s leap on Friday, since it was triggered by payroll news that will not much affect the Fed’s determination to tighten ‘soon’. The hawkish story they’ve painstakingly put in play will remain the same regardless of the fact that a piece of meaningless employment news caused a knee-jerk reaction in markets most affected by the dollar’s ups and downs. However, because gold’s rally is bullishly impulsive on the hourly and daily charts, I’ll continue to weight the technical evidence more heavily than mere logic or reason. Full Story

By: Clint Siegner - 6 June, 2016

Friday’s employment report featured the headline unemployment rate falling from 5.0% to 4.7% – which is a huge move lower. About the only encouraging aspect of the report is that markets largely ignored the fantasy headline for a change and focused on the ugly details. Nearly everyone acknowledged the report as bad news and markets reacted accordingly. Full Story

By: Captain Hook - 6 June, 2016

The human race is approaching 7.5 billion people as the decade pushes on, with most struggling for survival, increasingly priced out of existence. In case you haven’t figured it out yet, that’s what’s happening. That’s why the cost of living keeps rising despite all the deflationary pressures out there – it’s the survival of the fittest at work – which today means those embedded in positions of power of corrupt societies taxing the stupid, weak, and weary. Full Story

By: Dr. Ron Paul - 6 June, 2016

All is not lost, however. I am encouraged that so many people are seeing through government deception and are turning to the study of Austrian economics to understand what is wrong with our current system and how we can rebuild the economy. Reading Mises and Rothbard is the best way to understand what is really wrong with our economy…and how it can be fixed. Full Story

By: Gary Tanashian - 6 June, 2016

Gold is about the economy, the market risk profile, implied confidence in policy makers and above all, the state of money and the perceptions of billions of people who hold this ‘money’ issued by governments with “Legal Tender” or other wording to give the holder a feeling of confidence in its origin, its backing. Full Story

By: - 5 June, 2016

Bill Murphy from returns to the show with his latest insights on the PMs sector.
Gold is off to the best start in a decade, while more than 10 major mining companies have doubled in value.
David Morgan a.k.a. "The Silver Investor" from the Morgan Report gives a detailed overview of current silver market conditions.
Our guest adds must hear information to the Silver Majestic story, where the CEO was contacted by a large electronics manufacturer seeking silver supply. Full Story

By: Adam Taggart - 5 June, 2016

Take a moment to reflect on all the people you care about who aren't reading this article. Or sites like this, which wrestle with the implications of limits to growth and the concerning unsustainability of the economic and natural systems our society depends upon. How many of your family members, good friends, and neighbors simply choose to ignore the messages from those of us alarmists on the "doomer" side, and live life trusting that tomorrow will always look and feel pretty much like today? Most of them? All of them? Full Story

By: The Daily Coin - 5 June, 2016

With both silver and gold moving to the upside during the first part of 2016 there has been any number of reports, including a great many here at The Daily Coin, documenting the movement. The miners are finally receiving some much needed attention and both metals have responded accordingly. Full Story

By: John Mauldin - 5 June, 2016

Now, you could take a contrarian view and say that “bad” is actually bullish. You might even be right – but I don’t think so. Bullish/bearish isn’t a binary state. There are always shades of gray. You can be bullish on some assets and bearish on others. You can think the stock market is generally overpriced but still see value in certain stocks. You can be positive on some countries and negative on others. Full Story

By: Gary Tanashian - 5 June, 2016

I don’t write the title because the precious metals took off today on the bad jobs report. Far from it. That is what gold is supposed to do under such circumstances as its fundamentals got a boost and the perceptions of a hawkish Fed got repelled. I write the title despite the fact that the inflation barometer, TIP/TLT, tanked and commodities were moderate, post-jobs. Full Story

By: Jordan Roy-Byrne, CMT - 5 June, 2016

Weeks ago precious metals began a correction amid overbought conditions (in the miners) and very bullish sentiment in the metals. The recent Fed minutes helped accelerate the weakness but it lost steam in recent days. A real stinker of a jobs report completely reversed the thought that the Fed would hike rates in the summer and it sent precious metals surging. As a result, the gold stocks and junior gold stocks especially could be back on the path to making new highs before autumn. Full Story

By: Gary Savage - 5 June, 2016

I see traders everywhere panicking. People are acting like they’ve gotten left behind. Nothing could be further from the truth. While I’m skeptical that gold has made a final intermediate cycle low because it hasn’t dropped far enough to break the intermediate trend line yet, and the dollar should still have another leg up this month, the reality is that gold is only on day 3 of this daily cycle. Full Story

By: Steve St. Angelo, SRSrocco Report - 5 June, 2016

When the markets really CRACK in a big way, investors will flock into gold and silver… just like they are doing today on a lousy jobs report. However, I believe silver is a great deal more undervalued than gold. This can be seen looking at the change in price of gold and silver since 1980. Gold has at least doubled, while silver has fallen in half. Full Story

By: Clive Maund - 5 June, 2016

It still looks like oil is topping out here at about the $50 level after its substantial recovery uptrend from its February low. While we cannot be sure until it breaks down from its uptrend, the chances of its doing so soon look high for various reasons. One is that the current intermediate uptrend has been going on for a long time now and has resulted in a persistent overbought condition. Another is that it is quite some way above its 200-day moving average, which although it has turned up, is still only rising gently. Full Story

By: - 5 June, 2016

David Morgan a.k.a. "The Silver Investor" from the Morgan Report gives a detailed overview of current silver market conditions.
Our guest adds must hear information to the Silver Majestic story, where the CEO was contacted by a large electronics manufacturer seeking silver supply. Full Story

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