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.
January 17, 2021
The Constitution of the United States is an awesome document that has stood the test of time, despite having been amended a number of times to allow for changing circumstances, much of these related to individual rights and privacy.
Last week's trading saw the gold market spiking down to a Monday low of 1817.10 - before bouncing off the same into a Tuesday high of 1864.00. From there, weakness was seen into late-week, with the metal dropping back down to a Friday low of 1822.10.
During my holiday break the Dow Jones continued advancing. Not as if it were on fire, but it did make six new BEV Zeros in the BEV chart below, and remained within 1% of one every day since December 18th.
Gold was sheared this past week by -1.2% and is now -3.9% year-to-date. Silver was smeared this past week by -2.6% and is now -6.4% year-to-date. But relax: have a cracker 'n schmear, perhaps even a beer, and we'll try to relate to make it all clear.
It was several months ago in the midst of heated and widely-accepted civil disobedience, looting, and civic trespassing by members of Antifa and the Black Lives Matter movement that I opined that the “demonstrations” (as opposed to “armed insurrections”) in cities like...
January 16, 2021
The $4.5 trillion increase in the U.S. national debt in 2020 was so large as to be almost incomprehensible for the average person. Yet, every dollar of the new debt was entirely real. It will likely be with us for the rest of our lifetimes, and may profoundly change...
Our proprietary cycle indicator is down again. Gold sector remains on long-term BUY at the end of December. Our proprietary cycle indicator is down again.
January 15, 2021
As investors await the incoming Biden administration and the uncertainties that a transition of power may bring, precious metals markets regained some ground through Thursday’s close but have pulled back again on Friday, especially silver and platinum.
Gold plummeted last Friday, dragging silver and their miners’ stocks down with it. That was reminiscent of another brutal down day in early November. While certainly uncommon, sharp selloffs naturally freak out traders crushing any bullish sentiment. Serious gold down...
When equity markets entered the bear market territory in early 2020, several investors would have bet on gold prices to move significantly higher. While gold touched a record price of $2,070.05 per ounce in August, it has lost momentum since then to currently trade at...
Today is a prime example of why it was necessary to use tight stops on gold and silver. Preservation of capital is crucial. The odds were against eight consecutive years of the precious metals having a strong continuous run in January/February. The initial Sequential 7...
Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic , the Great Lockdown , and the economic crisis , is over! Now, the question is what will 2021 be like – both for the U.S. economy and the gold market.
January 14, 2021
Gold/SPX indicated the excess and the gold miners are correcting that excess. In and around the August time frame we noted (in NFTRH) high risk to the gold miners because the price of HUI had gotten a million miles ahead of gold’s ratio to the stock market. That was...
Now that the US has elected a new president who will appoint a new administration, we must forget recent political events and focus on future economic and monetary policies. It is a statement of the obvious that President-elect Biden and his new Treasury Secretary will...
There have been several headlines in the past week suggesting that investors are selling gold because the yield on the US Treasury has risen above the whopping level of 1%.
The price of gold remains at $1,850, and the key drivers are higher bond yields and a stronger risk appetite. Last week, the yellow metal tanked below $1,900 again, and it hasn’t rebounded since the plunge – instead, the price of gold has stayed at around $1,850.
In today’s fourteen–minute MAMChat, Matterhorn Asset Management principals Egon von Greyerz and Matthew Piepenburg discuss recent, headline-making swings in the global gold market and political landscape.
Well, here we go again. It's January, so that means it's annual forecast time—that time of year when I walk the plank knowing full well I may end up plunging into the sea. And for what reason? I'm not sure. The screenshot below is taken from the opening paragraph of...
January 13, 2021
“Buy low, sell high!” Bada-bing, bada-boom and the money rolls in. If only it were that simple, we’d all be rich fairly quickly. However, after looking past the myths, there are strategies that can help in determining a bottom or a top, and one of them is to look for...
January 12, 2021
The traditional Chinese New Year “firecracker rally” for gold may be a dud this year, but investors who followed my “buy into $1788 and sell some into $1966” recommendation are in great shape.
Yield Curve steepens under inflationary pressure while Gold’s monthly chart patiently builds its Handle. Another week, another yield curve steepener and continuation of the trend that began in August, 2019.
The best performing precious metal for the week was platinum, down just 0.27%. Gold surged above $1,900 an ounce on the first day of trading in 2021, building on its 2020 advanced due to lower U.S. real yields and a weaker dollar. The precious metal rose to a 2-month...
Just before the US Elections, we authored an article related to four stocks/sectors that we thought would do well immediately after the November 2, 2020 elections. The article highlighted how sector rotation in almost any market trend can assist traders in finding...
What a week! First gold soared to almost $1,960, but then its price (London P.M. Fix) plunged to $1,863 on January 8, as the chart below shows.
Wow, it has been a heckuva year! One thought leads to another on this sunny-but-cool January 1. Having watched a few seasons of Forged in Fire, I’ve gained an appreciation of how difficult it is to pound and grind a lump of steel into a blade, even with power tools....
January 11, 2021
With the gold miners underperforming gold, and gold underperforming the USDX, it was only a matter of time before the house of cards came crashing down. The writing has been on the wall all along with signs for all to see. On Jan. 5, I warned that the GDX was...
Below is our long term gold forecast, it continues to be bullish on a monthly basis, despite the turbulence of 2020 gold has performed well and a pause for a few months is entirely reasonable given the speed of its initial acceleration.
After meeting its 3770 projection, SPX was expected to have a good correction which did occur pricewise, but a reversal came right away sending the index to a new all-time high. The next projection of ~3850 should be met next week followed by a pull-back into 1/18-1/...
January 10, 2021
Last week's trading saw gold forming its high in Wednesday's session, here doing so with the spike up to the 1962.50 figure. From there, a sharp decline was seen into Friday's session, with the metal dropping all the way down to a low of 1827.80 - before bouncing...
The events of this week are dominating the news cycle with a sitting president days away from being replaced while Congressional and Senatorial leaders debate whether he should be impeached immediately. If I were having a chat with Mr. Trump, I would advise him to...
