» Metals

Gold experienced a spectacular bull market run from its low at $250 an ounce in 2001 to its peak above $1,900 an ounce in 2011. Its long bull market was largely supported by expectations that the Fed’s easy money policies would create spiraling inflation, of which gold, the historical hedge agains...

In his book The Postcatastrophe Economy, iTulip’s Eric Janszen notes that financial bubbles don’t repeat. That is, yesterday’s bubble is never tomorrow’s because hot money likes to chase the next big thing, not the last big thing. Which explains how US equities, government bonds, fine art, a...

Gold stocks have plunged in September, crushed by the withering selling pressure from heavy futures shorting hammering gold.  As usual, these falling prices have kindled extreme bearishness on this left-for-dead sector.  But despite this rotten sentiment, gold stocks’ young upleg remains very mu...

Did you know that the number of gold bars being purchased by ultra-wealthy individuals has increased by 243 percent so far this year?  If stocks are just going to keep soaring, why are they doing this?  On Thursday, the Dow Jones industrial average and the S&P 500 both closed at record highs o...

Gold ended its 10-year bull market in 2011 when it topped out at $1,900 an ounce. It was a spectacular run from $250 an ounce in 2001. Since then it rallied back several times only to have those rallies fail at lower highs. Its most recent rally attempt, beginning in January, looked to have a better...

The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about today’s world. To make sense of this, let’s start with a a little background: Interest rates are the rental cost of money, but to f...

Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals.  This selling pressure has come from the usual suspects, American futures speculators.  They’ve been busy aggressively dumping gold and silver futures, particularly on the short side.  But each tim...

China’s breakout from a symmetrical triangle formation has been yet another example of how the direction of the breakout from such a pattern usually determines the next direction. China’s Shanghai Index broke out of the pattern to the upside in late July, and has gained 10.2% in the two months ...

Back in 2001 Turkey produced less than 50k ounces of gold, an insignificant amount considering the geological potential of this transcontinental country.  The prolific Tethyan Metallogenic belt, which covers a large part of it, offers an environment capable of hosting large precious-metals deposits...

Gold has slid during this past week on mounting fears of interest-rate hikes.  Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch.  They worry gold will ...

Latest Vlog Update: August 15, 2014 Here is the latest vlog, it is an analysis of the world’s 3 top gold producers and the implications of their price action and charts for spot gold. Please enjoy the video!. .. .. Paul Thomason Editor, Elliott Wave Analytics Images: via Flickr (licence attr...

The gold stocks are almost certainly in the early stages of a major new upleg.  Given the widespread apathy and antipathy still plaguing this beaten-down sector, that’s hard for most traders to swallow.  But the gold stocks’ performance this year has already been outstanding.  And heading int...

Gold has been confined in a symmetrical triangle pattern for quite some time. The direction of the breakout from those patterns usually indicates the next sustained direction. After reaching the upper limit of the formation it declined and broke back beneath its short-term 30-day m.a. and looked to...

The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat.  Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments.  This year’s resiliency in the face of the ongoing stock-m...

Canada’s prolific Abitibi greenstone belt is one of the world’s top jurisdictions for gold mining.  And by far its most productive district is the famous Timmins district.  Timmins has produced in the neighborhood of 70m ounces of gold over the course of its storied history.  And with Lake ...

Gold’s strong season is just getting underway, with this metal’s summer-doldrums seasonal low in place.  The past couple months’ stiff headwinds are starting to shift to fierce tailwinds, thanks to Asian demand ramping up heading into autumn.  Gold’s pronounced seasonality is very importan...