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Gold Editorials & Commentary

May 14, 2019

The short seasonal rally for gold that typically follows India’s Akha Teej holiday (May 7 this year) is in play but this time it is being “juiced” by a major US stock market meltdown! In a game with nine innings, the US business cycle is probably in the eighth or...

As the chart of the GDX Gold Mining Index below illustrates, gold stocks have been moving sideways at a very depressed price level for close to the last six years, at price levels off over 67% from their 2011 high. Given that gold’s price is only approximately 33%...

It has been a considerably long time since Thirdeyeopentrades offered up thoughts on the gold market here on Gold-Eagle.com. But the time has come to sit up and pay attention because this is going to be a very important C-rise to watch.

Chair Powell claims that subdued inflation is caused by transitory factors. Does the recent data confirms his views? And just how transitory is the new tariff rate on $200bn Chinese imports? Will we see a creep higher in inflation about to lift the gold prices?

Gold prices held steady near one-month highs today as an escalation in Sino-U.S. trade war saw increased risk aversion and sharp selling of stocks which sent investors into safe haven gold.

The best performing metal this week was gold, up 0.54 percent. Gold traders ended the week neutral on the price of gold as many are awaiting more details on the trade talks between the U.S. and China, according to the weekly Bloomberg survey. The BullionVault gold...

May 13, 2019

We have deviated, these past several weeks, from matters monetary. We have written a lot about a nonmonetary driver of higher prices—mandatory useless ingredients. The government forces businesses to put ingredients into their products that consumers don’t know...

John Edmonds, a former vice president at JPMorgan Chase bank, may be headed to prison for cheating clients and investors. But metals investors can hope it won’t be before he is done helping federal investigators catch even bigger fish.

Before we get to looking at those three charts, let’s talk about the trade war. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president...

We had warned you about the miners’ bluff and we hope that you heeded it. Gold is still testing the neck level of the head-and-shoulders pattern, but silver is already back at its 2019 lows, while miners broke decisively below them. It may seem that the miners have...

Barclays, Citigroup, HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said.

Stocks were gaining on Friday following a lower opening of the trading session and the morning sell-off. The S&P 500 index extended its downtrend before bouncing off and closing 0.4% higher. So was it an upward reversal or just correction within a downtrend?

Two weeks ago, I passed on a warning from Erik Hadik (Insiide Track) that he saw the same cluster of cycles that brought about a rapid and significant market decline coming into play again and forming the same ominous peaking pattern.  In last week’s letter, I...

May 12, 2019

Large precious metals speculators lifted their bullish bets higher in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year (Investopedia). Inflation is the rate at which prices increase over time, resulting in a fall in the...

In a sense in sequel to that which we penned a week ago ("Gold Sits On Its Box Whilst The Herd Chase Stocks"), Gold remains lifeless as another week passes, although the balance of the herd finally is paying the price for overdosing on their stocks vice.

What a difference a week can make.  These past few weeks I’ve been complaining about the Dow Jones inability to do something to the up or downside.  Then this week the Dow decided to do something; like going down 563 points (-2.12%) from last Friday’s close.  The...

May 11, 2019

Our proprietary cycle indicator is down. Gold sector is on major buy signal. GLD is on short-term buy signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal.

May 10, 2019

Streetwise Reports: Ralph, gold has been trading within a relatively narrow range around $1,300 over the last several months. What's your outlook for the metal? Ralph Aldis: Longer term, I do think we're going to see a higher gold price. As for the near-term factors...

It is my privilege now to welcome in Greg Weldon, CEO and president of Weldon Financial. Greg has over three decades of market research and trading experience, specializing in the metals and commodity markets, and his close connection with the metals led him to...

Here are today's videos and charts:

The US stock markets sure feel inflectiony, at a major juncture.  After achieving new all-time record highs, sentiment was euphoric heading into this week.  But those latest heights could be a massive triple top that formed over 15 months.  Then heavy selling...

I am hoping that the title to this article will mark the local top to the rally off the December 2018 lows in Bitcoin. (smile) But, that does not change our perspective that it is likely that Bitcoin has resumed its bull market run.

Traditional alchemist always desired to turn lead into gold. The modern ones want to increase government spending without any limits. We invite you to read our today’s article about the Modern Monetary Theory and find out what is it and what would mean for the gold...

May 9, 2019

The Fed has just published the newest edition of its Financial Stability Report. It covers what the most powerful central bank in the world perceives as risks to the financial system stability. Is it time for the gold bulls to uncork champagne?

Gold Price Suppression Is “The Biggest Issue In The World" … it involves the valuation of all capital, labor, goods and services in the world and these valuations are being set in a really imperialistic and totalitarian way and not in an open and transparent way...

Looking back at the events of last week, the S&P 500 finally took out the October highs at 2,941 intraday, making the 2018 bear market one of the shortest on record at 93 days (Sept. 21–Dec. 24). You will recall that I wrote in early January that the action of...

May 8, 2019

U.S. Representative Alex Mooney (R-WV) introduced legislation this week to provide for the first audit of United States gold reserves since the Eisenhower Administration.

The global economy would be in serious trouble if it weren’t for the rapid growth of U.S. shale oil production.  Since the 2008 financial crisis, U.S. shale oil production has increased by more than 6 million barrels per day.  Without these additional barrels of oil...

The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted annualized rate” basis (SAAR). Notwithstanding the reliability – or lack thereof – of the “seasonal...

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