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.

 

June 17, 2021

Tapering was finally discussed at the FOMC meeting. Gold declined profoundly afterward, ending $70 lower than on Monday. Has the trend changed?
Today gold is 0.7% lower. What about the other precious metals? Silver is 1.2% lower, platinum is 1.4% lower and palladium is 1.9% lower today. So precious metals are lower this morning.
We all know that we are supposed to “sell in May and go away”. Everyone says so. And so far in 2021, that looks like the operative strategy, since stock prices have been chopping sideways, just like they are supposed to.
For the most part, after 20 years of researching, investing in and trading the precious metals sector, I have learned to live with the oppressive amount of official intervention in the precious metals market. There is evidence of said manipulations, including...

June 16, 2021

But think about it as you read in terms of what is unfolding in the United States financial and political system (note: sourced from Zerohedge;   Jens Parssons wrote a book title “Dying of Money:  Lessons of the Great German and American Inflations” published in 1974...
The coming 5-10 years are likely to see asset prices decline by at least 90% in real terms. Yes stocks, bonds and property prices will in coming years collapse. But that’s not enough, the whole structure of society will also fall. There will be no or negligible...
Over the past several months, we've written on multiple occasions about the issues and loopholes within the global unallocated gold market. This fractional reserve system risks collapse with every run on true physical metal, and recent events demand this update.
Let’s talk gold. The Federal Reserve meeting will be over today. Gold price has risen this quarter on the back of rising inflation and very high probability of sustained hyper-inflation. A weaker US dollar Index. Bond yield forming a long term top between March 2021...

June 15, 2021

Gold broke below its support line yesterday, but it didn’t do so smoothly, leading both bulls and bears to think they’re right. So, who’s wrong?
I asked you in my last article if you were more concerned with name calling than with profiting from the market. So, I was wondering if you gave it any more thought, and if you had come to a conclusion?

June 14, 2021

I’ve been writing about the possibility of higher inflation for months, and now it looks to have finally made landfall. May’s headline consumer price index (CPI) came in at 5% year-over-year, the highest in over a decade.
The best performing precious metal for the week was silver, up 0.45%, but still finding resistance trying find a level above $28 to hold for the last month. De Beers has raised some rough-diamond prices by about 10%, as the world’s top producer cashes in on rampant...
The gold market is off its lows but still struggling in negative territory, finding little traction as data from the Federal Reserve of New York further highlighted the growing inflation threat.
In this 20-minute MAMChat, Matterhorn Asset Management principals Egon von Greyerz and Matthew Piepenburg address the current and ever-evolving inflation narrative as well as its inter-relationship with interest rates.
Inflation is running white-hot right now, and the reason is clear. It is because the Treasury poured $6 trillion into the economy between March of 2020 to March of 2021. That amounts to nearly $50,000 per US family in the name of pandemic relief.
Since the start of the year, central banks have purchased over 4 million ounces of gold. April was a big month for central bank activity. Over half the amount of gold purchased in 2021 was in the month of April alone.
Economists — including those at the Fed — were surprised by inflation again. With their consensus view being that inflation for June would print at about a 4.7% increase year-on-year, inflation barreled in at 5%. That took us back to the kind of inflation we saw in...
Given the increasingly politicized interplay (cancer) of central bank policy and so-called free market price discovery, it’s becoming increasingly more important to track the actions of central bankers rather than just traditional market signals alone.

June 13, 2021

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 before major cycles take over and it ends. A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its...
The recently released May statement of account of the Bank for International Settlements reports an increase of 45 tonnes in the bank's gold swaps to 517 tonnes. This follows declines in March and April 2021 from the record high estimated at 552 tonnes as of February...
Last week's trading saw the gold market forming its high in Tuesday's session, here doing so with the tag of the 1906.90 figure. From there, a sharp decline was seen into later in the week, with the metal dropping all the way down to a Thursday low of 1871.80 - before...
Wikipedia, the encyclopedia of the man on the street, describes the practice by central banks of “inflation targeting” as Monetary policy - “Inflation targeting is a monetary policy where a central bank follows an explicit target for the inflation rate for the medium-...
It’s been twenty-four NYSE trading sessions since the Dow Jones saw its last BEV Zero on May 7th. It could be better. Then it could also be worse, after all since May 7th the lowest daily closing BEV value seen by the Dow Jones was only -3.42%, well within scoring...
As prior penned in "Gold's June Swoon", the technical and seasonal case was laid out for Gold to settle June "nearer to 1800" than to 1900. Thus far, that is the trend, albeit with 13 trading days remaining in June.

June 12, 2021

Inflation has returned. This is partly understandable. After all, during the Covid recession, consumers and businesses accumulated a lot of cash as their spending was reduced, while revenues were sustained by money transfers from the government. These funds are now...
Our proprietary cycle indicator is up. Gold sector remains on long term BUY at the end of May. Long term – on major BUY signal. Short term – on mixed signals. Gold sector cycle is up, Be long and stay long.

June 11, 2021

Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses. This action is all part of the handle of a super bullish cup and handle pattern.
The recent jump in the Consumer Price Index (CPI) generated a lot of attention, with consumers noticing a wide range of price increases while the Federal Reserve and its apologists insist it is only "transitory." This in itself is rather peculiar, given that the Fed...
Gold had a remarkable 2020, gaining 22% for the calendar year on a “perfect storm” of factors, namely: Torrid safe-haven demand driven by fear of the coronavirus and its economic fallout;
The gold miners’ stocks have been drifting sideways to lower in recent weeks, fueling bearish sentiment.  With their short-term upside momentum stalled, the great majority of analysts and traders seem worried about a deepening selloff.  But this young gold-stock upleg...

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