Indian news organizations are going crazy about India’s having discovered a major gold mine in Uttar Pradesh. India has claimed to have found a mine containing 3,500 tonnes of gold. This would be, by a massive margin, the biggest gold mine in the world, in a country...
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.
February 24, 2020
Billionaire Eric Sprott Recently Shared His Secrets of Success + his 3 Mining Stock Investments Striking the Motherlode amid Coronavirus Scare. Global Economic Slowdown plus Coronavirus Pandemic Creates Rare, Perfect Setting For Gold and Silver to Thrive
The gold futures contract gained 1.75% on Friday, as it accelerated its uptrend following breaking above $1,600 mark. The price of gold is the highest since the early 2013. Investors keep buying the safe-haven asset amid corona virus outbreak, economic slowdown...
Quite a bit of information can be gleaned from the US Treasury Yield Curve charts. There are two very interesting components that we identified from the Yield Curve charts below. First, the bottom in late 2018 was a very important price bottom in the US markets...
The current 65-point pull-back in the SPX is only a blip on the weekly chart. And it will probably stay that way if this correction is only caused by the bottoming action of the 20-wk cycle. But we’ll need to make sure that this is confirmed by future market action...
February 23, 2020
Last week's trading saw its low registered in Monday's session, here doing so with the tag of the 1581.80 figure (April, 2020 contract). From there, a straight shot higher was seen into late-week, with the metal running all the way up to a Friday peak of 1652.10 -...
Indeed there 'tis in the Gold Scoreboard: "Gold Forecast High for 2020: 1675". With actual price having settled out the week yesterday (Friday) at 1646, the high en route was 1652, just 23 li'l ole points away from 1675. And 'tis only February!
If you are wondering why gold is starting to accelerate away to the upside, you need look no farther than the following amazing chart forwarded to me by reader Larry Fike, which Larry has kindly given me permission to reproduce in this update…
The week closed with the Dow Jones Index down almost 2% from its last all-time high. Realize the bulls are only happy when the object of their affection is making new all-time highs, something the Dow Jones failed to do this week.
February 22, 2020
Our proprietary cycle indicator is now up. To public readers of our updates, our cycle indicator is one of the most effective timing tool for traders and investors. It is not perfect, because periodically the market can be more volatile and can result in short term...
February 21, 2020
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Gold is enjoying an awesome week, surging back above $1600 for the first time in nearly 7 years! That big round psychologically-heavy level is really catching traders’ attention, great improving sentiment. Yet this recent gold surge has proven peculiar. Unlike...
“Minsky Moment” refers to the idea that periods of bullish speculation will eventually lead to a crisis, wherein a sudden decline in optimism causes a spectacular market crash. Named after economist Hyman Minsky, the theory centers around the inherent instability of...
The gold futures contact gained 0.54% on Thursday, as it extended the recent advance even further above $1,600 mark. The price of gold has reached new medium-term high of $1,626.50. It is the highest since 2013. Investors keep buying the safe-haven asset despite...
Teaser: $500 billion. This is the sum the Fed has already pumped into the repo market since the crisis there started. We invite you to read our today’s article, which examines the situation in the US repo market, and learn whether the investors should worry about...
February 20, 2020
Ladies and Gentleman, gold has overcome yet another barrier, jumping above $1,600 amid the fresh FOMC minutes and the renewed fears about the coronavirus economic consequences. What’s next for the yellow metal?
Even before the coronavirus sprang upon an unprepared China the credit cycle was already tipping the world into recession. The coronavirus makes an existing situation immeasurably worse, shutting down China and disrupting global supply chains to the point where...
According to a precious metals dealer I spoke with, the world out on the street is that demand for gold and silver has recently surged due to investor concerns about a disruption to the Global Supply Chain. We are already seeing a massive slowdown in China’s oil...
Gold soared to new record highs in euros today at €1,500.11/oz and broke through the important $1,600 level to as high as $1,619.18 per ounce as traders and investors diversify out of more pandemic exposed risk assets to traditional safe havens
The best performing metal this week was palladium, up 4.91 percent as hedge funds cut their bullish positions to a 17-month low. January’s 22 percent slump in China’s car sales could dampen demand short-term. Federal Reserve Chairman Jerome Powell testified before...
It looks like gold has begun the final surge into its 6-month cycle peak. Prices should reach $1700 in March. From there, our work supports a multi-week correction, possibly severe, into May. It took some time, but I think the market finally realizes the mounting...
There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century. But it is not just an investment, it is the best...
February 19, 2020
In this podcast, Technical Traders analyst Chris Vermulen answers question on markets, metals, and miners.
Gold rallied by $17.20 yesterday (1.08%), while silver soared by $0.42 (2.35%), which means that silver more than doubled gold’s rally. Silver is outperforming gold, which was both profitable, and informative. Gold miners moved higher even more (4.60% in case of the...
The short-term dynamics of various parts of the precious metals sector offers many insights and opportunities to capitalize on. In today’s article, we’ll examine what the current upswing means across the metals’ world and with respect to gold and silver miners...
Since 2009 stocks have risen into a bubble fueled by inexpensive debt, buybacks and QE. Most commodities have not matched the price increases. Palladium is an exception—more later.
Over the last few weeks or so I’ve been writing a lot on the critical inflection point the PM complex was showing us. Today’s price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term...
February 18, 2020
Coronavirus, the topic du jour. It is still the major threat for the global health and economy. But we should not forget about other geopolitical and economic developments. What do they imply for the gold market?
The U.S. Senate weighed the issue of pegging the currency to a gold standard last week. Not surprisingly, the mere mention of gold ruffled the feathers of some Senators. More on that in a moment. In recent days, the monetary metals have contended with a rising U.S....
The price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action. Welcome to our new Gold and Silver Market Report, or “Market Report” for short. We are separating this from the economics essay, which was...