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.

 

September 22, 2021

Raise the dollar, drop the metals. Under most possible scenarios, things don’t look good for gold, silver, and mining stocks – for the medium-term.
Are investment markets very soon coming to the end of market insanity? Since there is very little sanity left in markets or the in the world economy, we have now reached a point where we must accept madness as sanity, as George Bernard Shaw said: “When the world goes...
As the FOMC meets over the next two days, the markets look to Fed Chairman Powell and ask: "What's it gonna be boy? Yes or no?" And whichever answer Powell provides on Wednesday via his fedlines and press conference will likely determine where precious metal prices...

September 21, 2021

China’s real estate behemoth Evergrande is now “Notsogrande”.  Not surprisingly, fiat debt is the problem.  The proposed “solution” is likely to be more debt… and more money printing. 
Evergrande. That’s the topic everyone requested me to cover, so I will. But before I do, I would like to emphasize that I’ve been writing about it for months. No, not about Evergrande per se, but about the situation being similar to 2008.
Since LAST WEEK’S REPORT, the price action has been downwards. The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.
The best performing precious metal for the week was gold, but still off 1.86%. Sibanye Stillwater, which has transformed itself from a South African gold miner to a platinum-group metals giant, branched out its reach this week to enter a joint venture to develop the...
The 3-year cycle in Barrick Gold (GOLD) seems to set critical turning points every third September (2012, 2015, 2018, 2021?). With prices steadily declining for the past 12-months, the odds support a potential bottom in the following days. Perhaps Wednesday's Fed...
The bad news is: there are no real prices of gold and silver available in the World today. It is useless to follow the investment recommendations put forward, all in good faith, by individuals such as Peter Schiff.
Yeah, I know everyone is so certain that inflation is what we will be battling for the foreseeable future. The main reason why many of you are so certain we are battling inflation is because you are seeing prices rise on food and other items for which you shop. But, do...

September 20, 2021

The declining medium-term outlook for gold, silver, and mining stocks will eat away at the honey pot of US dollar bears. Get ready for bee stings.
Gold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008, and...
Bears had a rare chance to get short with impunity last week -- arguably the first such free-money opportunity since the bull market began more than 12 years ago. With the Evergrande saga unfolding in real time, shares appeared to be doing a Wile E. Coyote ahead of...
Approximately eight months ago, after I was shown some Christmas 2020 family photos that (unfortunately) included this humble opinionator, I decided that carrying a strong resemblance to Orson Welles at my age was not exactly a smart way to defy the insurance industry...
Last week Friday saw the London PM fix for gold back to $1755.95 from the PM fix at $1794.60 the week before and at $1823.70 two weeks ago. Silver was last fixed at a frightening new low London fix for 2021 of $23.01 and an even worse close in NY at $22.29 – bad news...

September 19, 2021

Last week's action saw gold spiking higher into Tuesday's session, here running all the way up to a peak of 1810.60. From there, however, a sharp decline was seen into later in the week, with the metal dropping down to a Thursday low of 1745.50 - before bouncing...
As penned in last week's piece: "...Now we hesitate to say -- in near-term context only -- that 'tis 'Game Over' in just a wee sense for Gold..."
Writing market commentary for an unremarkable market is becoming tedious.  The Dow Jones began struggling to get above, and then staying above its 35K level since last May.  It closed today at 34,584, only 2.92% below its last all-time high of a month ago.

September 18, 2021

Gold sector is on long term SELL signal. Our ratio is on sell signal. Speculation in bear market values. Watching for a potential head & shoulder top. Big trend remains down.

September 17, 2021

Today we watched a video of the Chinese demolishing dozens of high-rise apartment blocks per government mandate. This implosion video reached us on the same day that China’s largest real estate development company Evergrande seems ready to also implode its balance...
Global debt is nearing $300 TRILLION dollars. While many may say that it hasn’t mattered so far it appears to me that we are nearing a point where all of the excesses of the past 50 years are about to be called in. This global number is up over $36 TRILLION in just the...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Gold continues to struggle to make headway, bogged down by skittish gold-futures speculators. They are loath to buy in quantity, because they fear serious downside from expected Fed tightening. For that same reason they are quick to flee as a herd, unleashing periodic...
So much money printed. Excessive debt. Even pandemic! And gold failed to hold gains. But that’s how markets work, no matter what gold permabulls say.
Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the ersatz of the gold standard that we still had...

September 16, 2021

This year marked the 50th anniversary of President Nixon’s decision to unilaterally close the “gold window”. The impact of this move can hardly be overstated. It triggered a tectonic shift of momentous consequences and it changed not just the global economy and the...
We regularly take calls from Money Metals Exchange customers who have been taken for a ride by one of the many rare coin (or numismatic) salespeople who seem willing to say just about anything to earn their sales commissions.
Consumer inflation eased further in August. According to the latest BLS report on inflation, the CPI increased 0.3% last month after rising 0.5% in July. The core CPI, which excludes food and energy prices, also softened — it rose 0.1% after increasing 0.3% in the...

September 15, 2021

The medium-term outlook for precious metals is a bearish one, and as gold moves lower, the miners will move lower faster. Small price jumps don’t count. Let’s get this straight, we’re not day traders, and getting excited about an occasional bounce is much ado about...
​​​​​​​This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August: “…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis. … physical silver is scarcer than gold.”

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