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Gold Editorials & Commentary

Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts.  Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.

 

March 26, 2016

Well, it looks like I sort of called it last week. Now, where are we this week…and more importantly, where are we headed? As this week’s chart shows, it’s basically been a bummer last week. One day up but the rest down. This has caused the technical picture to...

Several days ago, IM Vronsky wrote that the big banks are in deep trouble. Since the financial reporting of these companies leave out much of the data necessary to evaluate these companies, he pointed to the price history (and technicals) of several bank stocks.

Gold and gold stocks finally showed a bit of weakness during the holiday shortened week. Gold had its biggest weekly loss in months, losing 3% to $1217/oz, while the miners (GDX, GDXJ) declined about 5%. Silver lost 4%. If weakness in Gold and gold stocks continues...

Ever since beginning the ‘Macrosom‘ theme in July (and updating it here), NFTRH has been managing macro changes that would positively affect the gold sector, and quite possibly have a negative effect on broad stock markets.

March 25, 2016

Technical Analysis of The Markets Via Videos.

The red-hot gold stocks have spent most of March in consolidation mode, grinding sideways near their 2016 highs. Interestingly this month’s rally pause is par for the course seasonally in gold-stock bull markets. Like gold itself, this sector tends to slump to a...

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. COT data remains in bear market values and is now at levels of previous tops.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell...

I bought some Mexican gold on Monday. Old gold. Pre-World War II stuff. Two-peso coins slightly smaller than a US dime that Mexicans used to carry around in their pockets. Only these are not all banged up and gnarly like normal pocket change. They’re all in...

“Investors could be forgiven for heading for the hills given the tumultuous start to 2016,” so writes Andrew Oxlade in The Telegraph today who advises investors to diversify into gold as an “insurance policy”:

March 24, 2016

All avid students well know a nation’s economy depends a great deal upon the strength of its financial system…to wit: the stability of its banks. To be sure most major banks are “crowing” stability, strength and all that exemplifies security. But is it true?! What...

India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India.

Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market. Did the baby bull die at birth? Maybe but I’...

March 23, 2016

During this quarter we have seen a large run up in the price of gold from $1061 on January 1st to a high of $1284 on March 11th. This large and swift increase in price has created a lot of bullish sentiment among investors who once again have declared the bear...

The Federal Reserve's years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two.

Compare the Great Depression to the Great Recession, and you’ll see a similar pattern in how the Dow Jones Industrial Average graphs out. That pattern appears to be repeating now.

Harry Dent, best-selling author and economist, has warned that the stock bubble in the US today is the biggest in history…and that the “greatest crash of your life is just ahead…”

As gold was in the heart of a parabolic rise during the summer of 2011, the market was quite certain that we would imminently exceed the $2,000 mark. However, we expected it to top just over $1,900…and did not believe we would exceed $2,000, as the market was...

Politics in the United States is dramatic and is watched like a soap opera. But which candidate if elected will help the stock market…and specifically the price of gold? Let’s breakdown the views of the frontrunners.

March 22, 2016

A batch of mixed economic data was released this week and last that underlines continued strength among US businesses and manufacturers. But consumer confidence still seems to be held back by the global slowdown, central bank policy concerns and other factors. This...

Our 1241.30 low has held in the overnight session, and for the time being we are assuming that is the end of all of wave !ii! of ^v^. In the overnight session gold was higher and reached 1260.80. We still cannot rule the possibility that wave !ii! is going to become...

Safe haven assets, gold, silver and German bonds rose, while European stocks and global stock futures fell, after explosions rocked Brussels airport departure hall and a subway station near the EU parliament and other important EU institutions. At least 26 people...

Jordan Roy-Byrne recently posted an interesting video discussing gold’s Commitments of Traders (COT) data. The video was a response to numerous articles warning that the COT situation was flashing a danger signal. I agree with Jordan’s interpretation, which is that...

March 21, 2016

During a trip to New York last week I was able to talk gold and commodities on Bloomberg TV, and also had the pleasure of hearing Canadian Prime Minister Justin Trudeau address Wall Street investors in the Bloomberg studios the same day.

The best performing precious metal for the week was silver, up 2.87 percent. Investors own the most silver in exchange-traded products in seven months, boosting holdings from a three-year low, according to ZeroHedge. This rebound comes as hedge funds and other money...

All the technical evidence suggests that gold is building out an intermediate top area here, which fits with the fundamental situation where complacency and “risk on” are making a comeback, thanks to the boundless generosity of Central Bankers.

Early on Monday morning (Arizona time), silver began to rise. From its close on Friday of $15.46, it ran up to $15.82. Then it began to slide, eventually dropping to $15.17 by midmorning on Wednesday. Then…

There is a statement about equities that is often repeated: stock markets value the state of the economy from 6 to 18 months in advance. Over the past 5 weeks since 11 February the DJIA has rallied more than 12%, to close within 6% of the all-time high. At the...

Last week I was looking for a top in the stock market within a week or two. We are still very close to that top and nothing has changed. The SPX needs to break decisively below the rising trend line. Normally, markets coming off a top are slow to descend, giving...

March 20, 2016

After Friday’s action, SPX looks poised for a minor pull-back. That may be all we get, unless we can retrace below 2020, in which case a more important top may be in place. In spite of the continued market strength, there is no need to alter the view that we are...

Our main theme has been that the ironclad post-2011 confidence in the Federal Reserve among conventional market participants would slowly but surely start to fade because macro parlor tricks, so vigorously employed by the Bernanke Fed, were only tricks or in some...

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