Recent commentaries

Today's essay is a thorough comparison of the current and previous bull market. After all, since history rhymes, looking at the analogy should provide us with clues as to what can happen next. In particular, we will be able to estimate if we’re currently on a verge of the final parabolic upswing and if this bull market is likely to end soon.

The Swiss National Bank announced today that it would no longer support the floating rate of the franc and that it would artificially impose a lower limit on the EUR/CHF exchange rate at 1.20. Without any doubt, the SNB has a glib tongue but how does it expect to beat the financial markets? No one knows that, just as no one is quite sure about the impact of this decision on precious metals. Our today's essay gives you a handful of clues as to how the currency exchange will most likely influence the price of gold and silver.

August this year was truly an extraordinary month when it comes to precious metals. Parabolic rallies, $100 corrections, credit rating downgrades and an extremely tense situation overall. Will the tension continue throughout September? Or will mining stocks investors have a breather? Our essay tries to give you an outlook for the first weeks of fall.

Stocks have been drifting sideways at low levels in the past two weeks. However, the downside potential seems to be limited. As rumors about QE3 are ubiquitous, precious metals investors ask themselves: "What are the implications for gold and silver?" Today's essay tackles this issue.

The current sharp decline in gold and silver did not arrive unexpected as the precious metals have been short-term overbought for many days. The question remains if this week's plunge is almost over and will gold soon be on its way to $2,000 and higher or is this just a beginning of bigger decline.