Subscribe FOR ALL ACCESS TO Nichols On gold
Follow Us on Twitter @NicholsOnGold.com

Gold This Week — Eyes on U.S. Monetary Policy

Precious metals and the broader financial markets continue to react to the latest economic news, both statistical and political, with traders and investors guessing how each new bit of information on the economy may affect the Fed’s decision – when and by how much – to cut back, or taper, its $85 billion per month bond-buying program. It has become the accepted wisdom of the markets that rosy economic prospects increase the odds that the central bank will choose to begin tapering sooner rather than later . . . and expectations of reduced monetary stimulus have been one of the key bearish ...

Please Login or Subscribe to view this Commentary.

GOLD: Summer Consolidatation — Bull Market Alive and Well

Gold prices have fallen sharply in recent weeks from their all-time high over $1265 on June 21st in New York.  By mid-July, gold was briefly below $1180 -- a drop of some seven percent. Faint-hearted gold investors need to remember that bull markets never move straight up.  When they do, it's called a "bubble" . . . and bubbles do burst. Instead, this market is moving up -- and will continue to move up -- in a stepwise pattern with occasional high volatility and big corrections on the road to much, much higher prices in the months and years to come. For the most part, this summer's ...

Please Login or Subscribe to view this Commentary.

INFLATION EXPECTATIONS AND THE PRICE OF GOLD

From a long-term perspective, gold is a bargain at recent prices in the $900 to $930 an ounce . . . and will remain so even as it begins to move into a higher trading range. Recent gold-market developments and technical price action -- along with broader economic and financial-market developments -- suggest gold is bracing for a resumption of its long march upward and a retest of its historic high in the months ahead. First and foremost, the bullish outlook for gold rests on the increasing likelihood of accelerating U.S. inflation in the years to come -- and an associated unprecedented ...

Please Login or Subscribe to view this Commentary.

The World Economic Crisis and the Outlook for Gold

The World Economic Crisis and the Outlook for Gold Speech to the 3rd Annual China Gold & Precious Metals Summit Shanghai, China Thank you Mr. Chairman for that flattering introduction and thank you to the conference organizers who have made it possible for us to exchange information and insights into the future of gold here in China and in the global marketplace. You should know that my presentation today will be posted on my website, NicholsOnGold.com, so you can easily check back in a few days, or a month, or a year – to review my analysis and my expectations for gold. A few ...

Please Login or Subscribe to view this Commentary.

The Deflation/Inflation Conumdrum

Gold was bound to rise once the selling abated . . . and each day it remains in $800+ territory, the technical picture and the yellow metal's good fortunes improve. ...

Please Login or Subscribe to view this Commentary.

GOLD — Deflation Hedge?

Gold's relative price strength in recent days -- in the face of plummeting U.S. consumer and producer prices, declining prices for oil and other (non-precious metals) commodities, and lower multi-year lows in world equity markets -- suggests that the yellow metal, technically speaking, may be building a solid base in the $770 to $800 range from which to embark on a sustainable advance into higher territory. Interestingly, gold has been outperforming silver and the PGMs, suggesting that investors and traders are differentiating among the metals, favoring gold as a monetary asset, safe haven, ...

Please Login or Subscribe to view this Commentary.