Market Updates

We Forecast Gold’s High for ’26 at $5,546

In summary, yes Gold is — for the present– overvalued (and certainly so is Silver … again see the opening Scoreboard). But hardly would we sell here.

Gold Reckoning Looms

By Adam Hamilton, Zeal Research

This bull’s prior three out of extreme overboughtness lasted 3.8, 3.1, and 4.3 months, again averaging 3.7.

COT Gold, Silver & USDX Report - December 31, 2025

By COT Gold Report

Positions as of Tuesday, December 23, 2025

A Wild Metals Market But Is It A Top?

By Stewart Thomson, Graceland Updates

Can fiat rally against these metals now? It can and savvy currency bugs will use the rally to get more metal. For gold in the near term, there’s modest support around $4400, $4350, and $4260. It’s possible that all that’s happening now is a margin-induced shake-out.

Road Map for the Rest of the Precious Metals Bull

By Gary Savage

We’re about halfway through this 8-year cycle. At some point here we’re going to have to have the declining phase of the cycle, and it will be due to bottom in 2030.

A Major Correction in Metals to the Downside Hit

By Ira Epstein

Ira Epstein discusses the significant correction in the metals market, noting that silver, gold, copper, and platinum all experienced a pullback after a strong December rally.

Silver Surges $5/Oz in Recent Trade

By Ira Epstein

Ira Epstein discusses the current state of the metal markets, highlighting significant price movements in silver and platinum...

Yes, Gold REALLY Is Getting Ahead of Itself

By Mark Mead Baillie

And next is the same display for Silver. ‘Tis marvelous that — by the Gold/Silver ratio — the white metal finally has caught up to a reasonable valuation vis-à-vis Gold. Such G/S ratio (as earlier depicted in Gold’s weekly bars graphic) is now 57.3x, its lowest reading since 11 April 2013.

Precious Metals’ Greatest Year

By Adam Hamilton, Zeal Research

The fundamental cases for gold and its miners remain strong. American stock investors have barely started allocating capital into gold, and miners’ earnings continue soaring...

Silver Trades Over $80 In China On Historic Christmas Rally

By Chris Marcus, Arcadia Economics

While I was watching the silver price soar last night, I started to get the feeling that there might be something else going on here. And if there is, and that’s what’s driving the rally rather than...

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