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.

 

April 14, 2021

The Fed wants to have their cake and eat it too, but the cake is stale. Jerome Powell’s remarks in testimony before the Senate recently provoked considerable attention.
Gold’s slight rally might be getting some people excited, but appearances can be deceiving. USDX action hints at gold really wanting to move lower. The yellow metal has climbed, but only with lacklustre energy. If the USD Index is not rising, then gold should really be...
Cost-push inflation could break out (and a note on gold). Before beginning the post a little context is in order. We (NFTRH) anticipated the current pause in long-term Treasury yields (one indicator of inflation) because pro-inflation sentiment became over-done in...
Since August, we've been waiting for a bottom and end of this current consolidation in COMEX gold prices. With the most recent U.S. inflation data, that day may finally be here.
For a lot of people in the United States, being forced to wear a mask is abhorrent.  They view it as heavy-handed government action… a theft of their freedom. Their frustration is understandable, but is the Corona mask the one that matters most? 

April 13, 2021

It’s uncanny how the USDX is mirroring its 2017-2018 moves. This remarkably similar pattern is a strong indicator of the dollar’s rising strength. And as we all know, a strong dollar does not bode well for gold.
Last week, The Federal Open Market Committee (FOMC) published minutes from its last meeting in March. They show that – in light of positive economic indicators – the members of the Committee turned out to be more optimistic about the U.S. economy since the previous...
Inflation remains the hottest topic on investors' minds. Following the passage of the latest trillion-dollar stimulus package in March, web traffic, consumer surveys and bond market indicators all show increased concern around price pressures in the year ahead.
Treasury Secretary Janet Yellen has proposed that governments around the world require payment of at least a uniform “global minimum corporate tax.” A motivation for Yellen's push for a global minimum corporate tax is fear that the Biden administration’s proposed...
The best performing precious metal for the week was silver, up 1.18% as hedge funds boost net-long silver positions to a three-week high. Gold rose on Thursday as the dollar weakened after dovish rhetoric from the Federal Reserve, which gave no indication of imminent...
William Watts with MarketWatch sees the “biggest Inflation scare in 40 years” on its way. He expects massive amounts of stimulus coupled with a boom associated with easing COVID restrictions to generate a surge in prices like the nation hasn’t seen since the late 1970s...

April 12, 2021

Keep your eye on the ball. Just because the GDX ETF went up last week doesn’t mean that it’s in an uptrend. Corrections are part of the game.
While I cannot tell you with certainty that we are about to see a market melt-up, I can tell you that the setup is now in place to melt up to the 4400SPX region through the spring.
In the first quarter of 2021 the EMA Fund recorded a loss of 7.7%.  This compares favorably to the GDXJ Junior Gold Stock Mining Index which declined by 17.0% during the quarter.
There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before major cycles take over and it comes to an end

April 11, 2021

Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1721.60 figure. From there, strength was seen into later in the week, with the metal pushing all the way up to a Thursday high of 1759.40 - before backing off the same...

Since I last wrote an article on the markets in mid-March, the Dow Jones has seen four new BEV Zeros in the BEV chart below, and was never more than 1.80% from these new all-time highs.  That’s pretty bullish.

This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold banking business, which is of interest to gold investors mainly due to the regular trading the BIS does in gold swaps and...
With respect to this week's title, in each of the prior three missives we've anticipatively penned: 20 March: "So clearly we see Gold as on the go through here: 1800 seems quite reasonable as an initial goal, however the 1800s in general could well be fraught with much...

April 10, 2021

Gold sector remains on long-term BUY at the end of March. Long-term – on major BUY signal. Short-term – on buy signals. Gold sector cycle is up. $$$ We are 50% invested. New money can buy at current prices for the long-term.

April 9, 2021

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Brace yourselves, inflation is coming! Importantly, not only grumblers such as myself are talking about rising prices right now, but even the Fed officials themselves admitted that inflation will jump this year. Indeed, in the latest dot plot , the Federal Open Market...
The gold miners’ stocks suffered a rocky start to 2021, rolling over into an extended correction after a young upleg prematurely failed.  The resulting deeper lows left sentiment overwhelmingly bearish, with this contrarian sector deeply out of favor.  But over the...
Americans appear to be growing more concerned about the skyrocketing national debt level – officially $28.1 trillion and counting. The Peter G. Peterson Foundation’s monthly Fiscal Confidence Index recently shed five points, dropping to a level of 47, in the wake of...

April 8, 2021

It’s tempting to say that miners are showing strength compared to gold based on the GDX’s performance, but other mining proxies say otherwise. Just because a house is standing doesn't mean its foundations are solid, and that's exactly the case with the miners.
Enthusiastic gold investors everywhere are wondering…has gold finally bottomed? The short answer is… I think so. That's because, from a number of perspectives, that seems the most likely scenario. Right now, most of the evidence points in that direction.
The March nonfarm payrolls were surprisingly strong. If the current favorable trend in the U.S. labor market continues, gold may struggle. As the chart below shows, in March 2021, total nonfarm payrolls rose by 916,000 , following gains of 468,000 in February (after an...
As we enter the second quarter of 2021, the year during which so many mainstream analysts and politicians have predicted we’ll see a miraculous recovery from the covid crisis, it is becoming increasingly clear that the damage inflicted by the lockdowns and the...
This, until a few days ago, unknown hedge fund is a trailblazer for what will happen to the $1.5+ quadrillion derivatives market. I have warned about the derivatives bubble for years. Archegos has just lit the fuse and soon this whole market will explode.
I know this is my third article this week, but I have been in Cancun for Passover for the last two weeks, and now that I am back, I have a lot to say. And, as those that read my articles frequently already know, I am about to hit you over the head again with another...

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