Subscribe FOR ALL ACCESS TO Nichols On gold
Follow Us on Twitter

Latest Commentaries

Gold: Any Day Now . . .

Any day now, gold could find itself in a sustainable long-term uptrend – or not.

What remains true is that near-term gold-price prospects remain uncertain with the continuing possibility of sizeable price moves in either – or even both – directions.

What also remains true is the high probability that the yellow metal’s price will be considerably higher at this time next year – with a sustainable long-term upswing already underway.

Please Login or Subscribe to view this Commentary.

A Brief Note on Swiss Gold Referendum

In a national referendum planned for later this month, Swiss voters will be deciding whether or not the country’s central bank should begin buying more gold. Switzerland already owns some 1040 tons (about 33 million ounces), placing it in the top ten holders of central bank gold reserves behind the United States (with 8,133.5 tons), Germany ...

Please Login or Subscribe to view this Commentary.

Gold: Short-Term Risk vs. Long-Term Opportunity

Autumn has been a cruel season for gold investors. In contrast to some anticipated seasonal bump up, the yellow metal’s price has been driven lower by bearish technical indicators and excessive negative sentiment among a small number of large-scale institutional speculators – bullion banks, hedge funds, program traders and the like – trading mostly ...

Please Login or Subscribe to view this Commentary.

Is NOW a Good Time to Own Gold?

As a business economist and gold-market analyst, I am frequently asked about the economic outlook and investment-market prospects.  Most of all, clients and friends ask “Is now a good time to OWN gold?” My answer is always the same: NOW is always a good time to own gold. Importantly, we own the metal because, over time, its inclusion in a ...

Please Login or Subscribe to view this Commentary.

Macroeconomic Prospects and the Price of Gold


September is typically a seasonally strong month for gold . . . but the markets have once again surprised gold optimists with another breakdown in the yellow metal’s price.  Contributing to gold’s September price retreat has been a modest appreciation of the U.S. dollar vis-à-vis the British pound and other European currencies.  This episode of ...

GOLD: Balancing on a Knife Edge


It’s time to fess up:  Over the past week or two, I’ve been reluctant to say much about gold’s short-term price prospects.  Now, it seems to me that prices are set up for a big move . . . but in what direction?  That is the question. Gold markets can no longer count on rising geopolitical risk to gin up prices.  Lately, gold has largely ignored ...

Please Login or Subscribe to view this Commentary.