Jonathan Smyth
Co-Founder & Market Analyst
Jonathan co-founded EverydayCarry.com (4M users, acquired 2021) and co-owned ThisIsWhyImBroke.com — twenty years of building content-meets-commerce platforms where product discovery is the product. He leads the MetalsAlpha dealer review programme.
Articles by Jonathan (96)
Gold Pulls Back From $4,636 but Bulls Stay in Control
Gold's retreat from session highs masks a market still firmly bid, with dollar weakness and shifting geopolitical dynamics keeping buyers engaged even as Iran de-escalation eases the most acute.
Silver Surges Past $72 as Dollar Weakness Fuels Rally
Silver's sharp 3.4% intraday bounce to $72.60 marks a notable shift in momentum, driven by a softening dollar and easing Iran tensions - but the move may have further to run with US jobless claims.
Gold Climbs on Iran Peace Talk Signals
Gold is holding firm above $4,540 as emerging reports of diplomatic efforts to resolve the Iran conflict reshape the safe-haven calculus - but the bullish case may be more nuanced than it first.
Gold Jumps 3% as Oil Slump Rewrites the Inflation Playbook
A sharp drop in oil prices triggered by Trump's Iran strategy is easing inflation expectations - and gold is surging on bets that rate cuts just moved closer.
Gold M&A Heats Up as Heliostar Snaps Up Utah's Goldstrike
Heliostar Metals' $72.5 million acquisition of the Goldstrike project signals that mid-tier gold developers are racing to lock in ounces while gold trades near $4,500.
Gold Rallies as Dollar Weakens on Peace Talk Optimism
Gold is pushing higher near $4,558 as a softening dollar and shifting geopolitical sentiment create a potent bullish cocktail for the metal.
Gold's $400 Rebound Exposes How Fragile the Selloff Was
A delayed military strike on Iran triggered a violent snapback in gold, revealing that the metal's four-month low was built on geopolitical assumptions that evaporated in hours.
Gold Bounces as Trump Pauses Iran Strikes - But for How Long?
Gold's rebound from a four-month low on the back of a geopolitical pause highlights just how tightly the metal is tethered to White House decision-making in 2026.
Gold's $10,000 Bulls Hold Firm Despite Bear Slide
Gold is trading around $4,417 after a sharp pullback from recent highs, yet the most ambitious price targets in the market remain stubbornly intact - and the reasoning behind them deserves scrutiny.
Gold's Worst Week Since 1983 - Why the Rout May Not Be Over
Gold has shed more than 10% in a single week - its steepest decline in over four decades - as surging Treasury yields and a shifting geopolitical calculus force a brutal repricing of the metal's.
Gold's Record Single-Day Drop in Pakistan Rattles Local Buyers
Pakistan's gold market just recorded its largest single-session price collapse in history - a Rs43,600 per tola plunge that exposes the amplified volatility facing emerging market gold buyers caught.
Gold Drops 8% in a Week Despite Iran Threats
Gold's failure to rally on a genuine geopolitical flashpoint - Iran's Strait of Hormuz posturing - exposes just how dominant paper market dynamics have become over physical safe-haven demand.
Gold Suffers Worst Weekly Plunge Since 2011
Gold has shed over 8% in a single week - its steepest drop in fifteen years - as a hawkish Federal Reserve and surging dollar dismantle the haven trade that carried bullion above $5,000 just weeks.
Gold Sheds 8% in a Week - Fed Hawks Circle
Gold's sharpest weekly selloff in months has dragged the metal below $4,600 as a hawkish Federal Reserve and resurgent dollar crush bullish momentum across the precious metals complex.
Gold, Silver, Platinum All Crash - A Rare Triple Rout
Precious metals are suffering their sharpest synchronised selloff in years, with gold down over 8% in a week, silver plunging nearly 20% in a month, and mining equities haemorrhaging billions in.
Gold's Sharp Pullback May Be Setting Up Junior Miners' Moment
Gold's 12% drop from its monthly high near $5,400 is painful for momentum traders, but it could be precisely the reset that finally channels capital into the long-neglected junior mining sector.
Gold's Worst Week in 14 Years - Despite a War
Gold has shed over 8% in a single week - its steepest decline since 2012 - even as geopolitical risk intensifies, raising uncomfortable questions about the metal's safe-haven credentials at elevated.
Gold and Silver Sell Off as Oil Shock Rewrites Rate Bets
A surge in energy prices driven by Middle East escalation has triggered a sharp sell-off in precious metals, as markets reprice inflation expectations and push back hopes of Federal Reserve rate cuts.
Gold Cools Near $4,650 - But the Bull Case Isn't Dead
Gold's pullback from recent highs has rattled momentum traders, yet the structural forces that drove the metal above $4,500 remain firmly intact heading into Q2 2026.
Gold Tops $4,550 as Inflation Refuses to Cool
Gold has surged to fresh all-time highs above $4,550 per ounce as stubbornly elevated US inflation data reignites safe-haven demand across the precious metals complex.
Gold Bounces After Six-Day Slide - But the Fed Isn't Done
Gold's recovery from a punishing six-session decline looks fragile as the Federal Reserve's hawkish hold leaves rate cut expectations in limbo and a wall of central bank decisions looms this week.
Gold Breaches $5,000 - But the Pullback Tells a Story
Gold's historic push above $5,000 grabbed headlines, but the sharp retreat to $4,660 reveals a market caught between genuine fear and the urge to lock in profits at record levels.
Gold Near $4,900 Is Minting Money for Dealers
Ramsdens' profit upgrade is the clearest signal yet that gold's relentless rally is reshaping the economics of the entire precious metals retail chain.
Gold Slides to Month-Low - But the Fed Looms
Gold has retreated to its lowest level in a month as sticky inflation data forces traders to reprice rate cut expectations, with the Federal Reserve's interest rate decision due within hours.
Gold's UK Mint Faces Scrutiny Over Charity Ties
The Royal Mint's charitable donation practices are drawing uncomfortable questions about governance and reputational risk at one of the world's most recognised bullion dealers - though the impact on.
Gold Breaches $5,000 as Iran Crisis Meets Central Bank Buying
Gold has crossed the $5,000 per ounce threshold for the first time, driven by the convergence of escalating tensions with Iran and relentless central bank accumulation - two forces that show no sign.
Gold Breaks $5,000 - But the Fed Looms Large
Gold has punched through the $5,000 barrier for the first time, yet the rally's durability now hinges entirely on what the Federal Reserve signals this week.
Gold Holds Above $5,000 as Rate Cuts and Risk Collide
Gold is consolidating just above the psychologically critical $5,000 level, with geopolitical uncertainty and central bank dovishness converging to keep a firm floor under prices.
Gold Slips Below $5,000 as Fed Doubt Builds
Gold's retreat beneath the psychologically critical $5,000 level signals that sticky inflation and Federal Reserve uncertainty are finally testing the bull case that has dominated markets for months.
Gold Wobbles Below $5,000 as Fed Doubt Creeps Back
Gold's brief dip beneath the $5,000 level signals that the market's confidence in imminent Fed rate cuts is fraying - and the next week of data could determine whether bulls or bears take control.
Gold Dips Below $5,100 but Bull Case Stays Intact
A firmer dollar has knocked gold back from its recent highs near $5,400, yet the pullback looks modest against a month that has still delivered nearly 4% gains - and major banks are holding year-end.
Gold Holds Above $5,000 as Iran Crisis Fuels Safe-Haven Bid
Escalating Israel-Iran tensions have pushed gold up nearly 4% over the past month, but a sharp pullback from the $5,405 high suggests the safe-haven trade is meeting resistance from profit-taking.
Gold Pulls Back but Stays Above $5,000 Despite Dollar Surge
Gold's weekly dip of 0.6% masks a broader resilience story - the metal is holding above $5,000 even as a surging dollar and shifting geopolitical risk reshape safe-haven demand.
Gold's Failed Breakout Sets Up a Tense Fed Week
Gold pulled back sharply from its monthly high near $5,405 but remains above $5,000 - and this week's FOMC decision could determine whether bulls or bears take control.
Gold Drops Below $5,100 Even as Oil Tops $100
Gold's pullback from recent highs despite escalating US-Iran tensions and triple-digit oil prices suggests the market is pricing in something beyond the geopolitical headline.
Gold Eyes $5,000 as Rate Cut Bets Fade Before FOMC
Gold has shed nearly $400 from its monthly high as shifting Federal Reserve expectations force a reckoning for bulls who had priced in aggressive easing.
Gold Holds $5,050 Despite Dollar Surge - But Iran Risks Linger
Gold's intraday plunge below $5,050 on a resurgent dollar was swiftly bought back, revealing a market caught between currency headwinds and genuine geopolitical fear over Iran.
Gold Shrugs Off Middle East Risk as Dollar Takes Control
Gold's failure to hold above $5,100 despite escalating geopolitical tensions reveals a market where US dollar strength is overriding the traditional safe-haven bid - at least for now.
Gold and Silver Slide as Rate Hopes Fade
Gold is tracking towards its second consecutive weekly loss near $5,018 while silver slips below $81, as sticky inflation data pushes back the timeline for Federal Reserve rate cuts.
Gold Eyes Second Weekly Loss Despite Iran War Fears
Gold is trading around $5,051 and heading for a second consecutive weekly decline, even as the Iran conflict stokes inflation concerns that would typically fuel safe-haven demand.
Gold Holds Above $5,000 - But CPI Day Could Change Everything
Gold is trading comfortably above the $5,000 psychological level at $5,176, but today's US inflation print has the potential to either cement the rally or trigger a sharp pullback.
Gold Miners Flush With Cash - Harmony Doubles Dividend
With gold holding above $5,100 and miners converting record margins into shareholder returns, Harmony Gold's decision to double its dividend signals a sector-wide confidence shift that investors.
Gold Rebounds as Trump's Iran De-escalation Signals Shift Risk Appetite
Gold is climbing back toward $5,240 after President Trump signalled a swift conclusion to hostilities with Iran - but the move higher, not lower, tells us something important about how markets are.
Silver Outpaces Gold as Divergence Widens
Silver's 8% weekly surge against gold's modest 1.5% gain is compressing the gold/silver ratio toward levels not seen in years - and the divergence tells a bigger story about where smart money is.
Silver Outpaces Gold as Dollar Slide Reshapes the Trade
Silver's 8% weekly surge is dwarfing gold's gains, compressing the gold/silver ratio to 58.5 - a level that historically signals a broader metals rally is gathering momentum.
Gold M&A Heats Up as Pan African Eyes Australia
Pan African Resources' $219 million all-share bid for Emmerson Resources signals that mid-tier gold miners are hunting for growth while gold trades above $5,100 - and Australia's Tennant Creek.
Gold's $190 Intraday Swing Fades as Markets Bet on Short War
Gold surged to $5,210 on Iran escalation fears before surrendering nearly all gains - a telling signal that markets are pricing a contained conflict, not a prolonged one.
Gold's Next Supply Frontier - E-Waste Recycling
With gold holding above $5,100 an ounce, the Royal Mint's industrial-scale recovery of precious metals from discarded electronics is shifting from novelty to genuine supply-side factor.
Gold's Dubai Discount Exposes a Fracture in Global Supply
Stranded gold inventories in Dubai are trading at steep discounts even as spot prices hover near $5,160 - a rare dislocation that signals deepening stress in physical supply chains.
Gold Holds Above $5,000 as Weak Jobs Data Fuels Rate Cut Bets
A soft US payrolls print has handed gold bulls exactly the macro catalyst they needed, with the metal consolidating above $5,100 even as broader precious metals retreat sharply on the week.
Gold Rallies on Middle East Fears but Can't Hold $5,300
A geopolitical bid lifted gold past $5,400 this month, yet the metal has since retreated sharply - exposing the fragility of safe-haven rallies that lack follow-through from monetary policy shifts.
Gold Holds Above $5,100 Despite Fading Iran Rally
Gold's geopolitical surge has stalled just shy of record highs, but the metal's refusal to give back gains tells a more interesting story about underlying safe-haven demand.
Gold Slides 3.6% in a Week - But the Real Risk Is Liquidity
Gold's sharpest weekly decline in months is being driven less by traditional macro headwinds and more by a liquidity squeeze that could intensify ahead of today's non-farm payrolls print.
Gold Stumbles as Yields and Dollar Overpower Haven Bid
Gold has shed nearly 4% this week as rising Treasury yields and a firmer dollar reassert their gravitational pull - even as geopolitical uncertainty lingers in the background.
Gold Dip-Buyers Step In - But the Real Story Is $5,400
Gold's sharp rebound from last week's pullback reveals just how aggressive dip-buying has become, with the metal recovering over 6% in a month even as positioning data suggests more upside ahead.
Gold Pulls Back From $5,400 - But the War Bid Isn't Over
Gold touched $5,417 on US-Iran escalation before retreating sharply, but the 6% monthly gain and volatile intraday swings suggest safe-haven demand is far from exhausted.
Gold Tests $5,200 as Iran Escalation Sparks Haven Bid
Gold surged to an intraday high of $5,204 on renewed Iran conflict fears, but the sharp weekly pullback beneath the surface tells a more complicated story about how markets are pricing geopolitical.
Gold Miner SSR Dumps Turkey Asset - $1.5B Exit
SSR Mining's $1.5 billion sale of its Çöpler mine stake to a Turkish buyer marks one of the largest gold asset divestitures this year and signals a broader industry shift toward portfolio.
Gold Nears $5,200 as West Asia Fears Reignite Safe-Haven Rush
Gold is pressing against the $5,200 level with a 5.5% monthly gain as escalating West Asia tensions collide with a packed economic calendar - and silver's erratic price action tells its own story.
Gold Reclaims $5,100 as Iran Strikes Reignite Haven Bid
Escalating military action against Iran has jolted gold back above $5,100, but the real story is how quickly geopolitical risk is now repricing precious metals in a market already running hot on.
Gold Tops $5,200 as US-Israel Strikes on Iran Jolt Markets
Joint US-Israel military strikes on Iranian targets have sent gold surging past $5,200, with the metal now up nearly 6% in a month as geopolitical risk repricing accelerates across safe-haven assets.
Gold Hits $5,161 as West Asia Crisis Deepens
Gold has surged more than 5% in a single month as escalating geopolitical tensions in West Asia drive a powerful safe-haven bid, even as the metal pulls back from intraday highs near $5,400.
Gold Spikes to $5,394 but Fades - Hormuz Fear Premium Tested
Gold printed a stunning intraday high above $5,394 on Strait of Hormuz blockade fears before retreating sharply, exposing just how fragile geopolitical risk premiums can be when they outrun.
Gold Spikes to $5,394 but Fades - War Premium Unravels Fast
Gold surged past $5,250 on US-Israeli strikes against Iran but has already retreated to $5,160, revealing just how quickly geopolitical premiums can evaporate in a market already priced for chaos.
Gold Hits $5,400 After Iran Attack - A New Era
A military strike on Iran has catapulted gold past $5,400 for the first time, capping a 17% monthly surge that underscores how geopolitical risk has become the dominant force in precious metals.
Gold Hits $5,400 as Hormuz Closure Sparks War Premium
The Strait of Hormuz shutdown has triggered the sharpest weekly gold rally in over a decade, with the metal surging nearly 17% in a single month to test $5,434 - and the crisis is far from priced in.
Gold Surges Past $5,400 but Fades - Gap Worth Watching
Gold spiked 2.8% at Monday's open on fresh Middle East violence, touching $5,434 before retreating sharply - a classic gap-and-fade pattern that reveals just how stretched safe-haven positioning has.
Silver Surges Past $93 as Iran Tensions Collide With Jobs Week
Silver has climbed more than 21% in a single month, driven by a potent combination of Middle Eastern escalation and looming U.S. employment data that could reshape rate expectations.
Gold Clears $5,200 - But the Rally May Just Be Starting
Gold's breakout above $5,200 marks a significant psychological milestone, yet the metal's monthly range of nearly $1,200 suggests this safe-haven bid has far more room to run.
Gold Eyes 7th Monthly Gain - But February Dip Hints at Fatigue
Gold is on track for a remarkable seventh consecutive monthly gain, yet a 1% February pullback from record highs near $5,586 suggests the safe-haven rally may be entering a more volatile phase.
Gold Tops $5,200 as US-Iran Tensions Spark Safe-Haven Rush
Gold's surge past $5,200 on escalating US-Iran geopolitical risk underscores how quickly safe-haven demand can overwhelm even a market that was drifting lower just weeks ago.
Gold at $5,234 - But Where Does It End the Decade?
With gold already up over 3% this month and trading above $5,200, the real question isn't whether the bull run continues - it's how much further Wall Street thinks it can go before 2030.
Gold Surges Past $5,170 as Tariff Fears Reignite Safe-Haven Bid
Gold has climbed nearly 6% in a single week to hit a three-week high above $5,170, driven by renewed trade war anxiety as fresh tariff threats from the Trump administration send investors scrambling.
Gold Tops $5,160 as Tariff Fears Fuel 6% Weekly Surge
Gold has punched through to a three-week high above $5,160, driven by a sharp escalation in safe-haven demand as US tariff uncertainty rattles global markets and sends investors scrambling for.
Gold Surges Past $5,000 - Fed Split Fuels the Fire
Gold has blown through the $5,000 barrier and gained over 4% in a single week as a divided Federal Reserve and escalating Middle East tensions converge to supercharge safe-haven demand.
Gold Miners' Nevada Rift Deepens - Even as Prices Top $5,000
The escalating dispute between Newmont and Barrick over their Nevada Gold Mines joint venture threatens to disrupt output from one of the world's most prolific gold-producing regions, just as the.
Gold M&A Heats Up - $449M Laverton Deal at $5,000
Genesis Minerals' acquisition of Magnetic Resources for A$449 million signals that mid-tier gold producers are aggressively consolidating while gold trades above $5,000 an ounce.
Silver Surges Past $80 - But a 14% Monthly Drop Looms Large
Silver's nearly 10% weekly rally has reclaimed the $80 level on renewed haven demand, yet the metal remains deeply negative on the month - a tension that today's Core PCE data could resolve one way.
Gold Fields Eyes More Deals Even as Gold Tops $5,000
With gold hovering near $5,010/oz, Gold Fields is signalling it's far from done acquiring - a move that could reshape the mid-tier mining landscape and accelerate sector-wide consolidation.
Gold Holds $5,000 But Fed Minutes Cap the Rally
Gold is trading in a narrow band just above the psychologically critical $5,000 level, with geopolitical risk providing a floor while hawkish Fed minutes put a ceiling on further gains - a tug-of-war.
Gold M&A Heats Up - AngloGold's $28M Bet on Thesis
AngloGold Ashanti's strategic $28 million investment in junior explorer Thesis Gold signals that major producers are scrambling for new ounces with gold hovering near $5,000.
Gold Tops $5,000 as U.S.-Iran Tensions Flare
Gold has breached the psychologically massive $5,000 level for the first time, driven by escalating U.S.-Iran geopolitical risk and a market that's pricing in sustained uncertainty.
Gold Tops $5,000 - But the Real Story Is Momentum
Gold is trading above $5,000 for the first time in history, fueled by escalating Middle East tensions and relentless safe-haven demand, yet the pace of the rally - up nearly 6% in a single month - raises questions.
Gold Clears $5,000 - But Thin Liquidity Tells the Real Story
Gold's breach of the $5,000 psychological barrier during a low-volume session reveals a market where dip-buyers are in control but conviction remains untested.
Gold Miners Surge on TSXV as Metal Nears $5,000
Junior precious metals miners are dominating the TSX Venture Exchange's top performers list, riding a gold price that has gained nearly 5% this month and now sits just $10 shy of the $5,000 mark.
ASA Gold Fund Faces Governance Shift as Saba Ups Stake
A prominent activist investor is tightening its grip on a $5,000-plus gold environment's most visible closed-end fund, raising questions about strategic direction just as precious metals enter unchart
Gold at $5,042 Pauses Ahead of Inflation Test - Rally or Trap?
After a blistering 9.87% monthly surge, gold hovers near $5,000 as traders brace for US inflation data that could either validate the rally or trigger profit-taking in an overextended market.
Silver Pulls Back to $77.53 After Volatile February Run
Silver is trading at $77.53 per ounce on Friday, down nearly 10% from its monthly peak as the white metal gives back gains following a sharp rally that pushed prices above $85.
The Exit Problem: When to Sell at $5,000 Gold
With gold trading near record highs above $5,000 per ounce while silver retreats nearly 10% from recent peaks, the question of when to take profits has moved from theoretical to urgent for precious me
UBS $6,200 Gold Target Implies 23% Upside From Here
A major investment bank's $6,200 gold price target for 2026 suggests the current rally above $5,000 still has significant room to run despite the metal's 9.5% monthly gain.
Gold Extends Rally as Markets Brace for US Economic Signals
Precious metals are building on recent gains with gold pushing higher ahead of this week's critical US data releases that could reshape Federal Reserve policy expectations.
Gold Rebounds Toward $5,000 After Sharp Selloff Tests Support
Gold is clawing back toward the psychologically significant $5,000 level after a brutal selloff tested key support zones, suggesting the market may be finding its footing following recent liquidation
Leveraged precious metals trusts amplify rally gains - and risks
Structured investment vehicles offering magnified exposure to precious metals are gaining traction as gold hovers near record territory, but the leverage that amplifies gains works both ways.
Gold investors face critical crossroads as 2026 unfolds
Gold trades near record highs in early 2026, but the investment case has grown far more nuanced than the bullish narrative that dominated 2025.
Retail gold buyers flood back as volatility spikes
Consumer gold buying has surged alongside dramatic price swings, marking a shift from the institutional-dominated trading that characterised 2024 and 2025.
Why the gold and silver crash matters more than the rally
The violent reversal in precious metals after record highs reveals exactly why momentum-chasing in this market can be financially dangerous.