October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008. Are we due for another one? Perhaps. Some analysts think it will come after the...
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.
October 4, 2016
The Fed and the Corporate World understand that there is NO economic recovery. They need to keep feeding this bull market with plenty of accommodative easing or this bull will die. The Fed will do whatever it takes to maintain this by cutting rates to near zero and...
This is getting to be a habit. Previous late summer holidays by this correspondent coincided with the run on Northern Rock, and subsequently with the failure of Lehman Brothers. So the final crawl towards the probable nationalisation of Deutsche Bank came as no...
October 3, 2016
The Gold market continues to be lethargic. Two weeks ago, negative rumblings about Deutsche Bank pushed Gold higher out of the Half Cycle Low. But the move quickly stalled on a gold price reversal, ensuring that the current Daily Cycle (DC) would remain Left...
A major “Sword of Damocles” overhanging global stock markets has been the situation with Deutsche Bank, which has a monumental derivative book and whose stock has been plunging to new lows. We have largely ignored this situation up until now, on the assumption that...
For decades, the primary argument by Warren Buffett and other financial elites for not owning gold was that “gold doesn’t pay you anything.” Once the ECB took interest rates to NIRP in 2014, this argument became null and void. In a world in which bonds are charging...
The best performing precious metal for the week was palladium with a 2.72 percent gain and a quarterly gain of 20.24 percent, its best three month gain since 2010. Global car sales have experienced an improved outlook.
Gold is in the process of beginning a multi-month correction. Since one more run up in price is still likely at this stage, we are targeting the high $1300 area as a top. Subsequently, we expect a correction to last into the first half of 2017, where a significant...
Sterling gold rose 1.3% today as the sterling currency slumped again after the UK set a March deadline to start their ‘Brexit divorce’ proceedings from the European Union and on deepening nervousness regarding a ‘Hard Brexit’.
October 2, 2016
While SPX has resisted entering into a more serious correction, there is evidence that, unless it can make a new high over the next week or so, the corrective pattern will become steeper as intermediate cycles drive prices lower over the next few weeks.
On Wednesday, crude oil gained 5.33% as a combination of another drop in crude oil inventories and unexpected OPEC deal supported the price of the commodity. In this environment, light crude bounced off important support lines and approached Sep highs. Will oil...
These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no! Just the opposite. Each part of the FIRE (Finance, Insurance, Real Estate) economy is imploding as “modern” finance hits the wall....
Tedious – that’s how I’d describe the stock market for the past six weeks. Everything is on hold until Janet Yellen finds the courage to euthanize the bulls on Wall Street with a few rate hikes. It will be a real tear-jerker, but it won’t take much to get the job...
This will be our last weekly commentary on the markets. What we know for certain is that the globalists have a stranglehold on the markets, and more importantly, a stranglehold on all Western nations to the point where life has become a theater of the absurd,...
The trading month doesn’t always end on a Friday…but when it does we like to take a look at the monthly charts. Generally, I prefer daily and weekly charts, because they have more data points. However, monthly charts carry more significance than weekly charts which...
Three months and what do we have but a steady slightly negative drift in the price of gold. However, nothing lasts forever…so we just might see some volatile action soon. What will precipitate it? Who knows? And in what direction will this volatility move?...
October 1, 2016
Stocks are experiencing great strength now after the Fed meeting and decision to keep rates on hold, as expected. There is just no reason to hike rates until after the elections, meaning December is the earliest possible rate hike in my view.
Both gold and silver were down last week, particularly following the September 26, 2016 debate, as gold and silver would prefer a Trump presidency. Odd, as both candidates would be positive for gold and silver.
Gold sector is on a major buy signal. Cycle is up. We are moderately invested. Silver is on a long-term buy signal. Short-term is on buy signal. Silver is more volatile than gold, manage your risk.
The title was not meant as a play on words in reference to Operation Twist, but now that I think about it, maybe it should be. The Post-Twist financial world is far different than it was before the genius that is Ben Bernanke’s ‘bigger than yours or mine’ brain...
September 30, 2016
Technical Analysis of The Markets Via Videos.
Since early July already the goldmarket is caught in some form of an agonizing and confusing sideways consolidation. Every time it looks like it is about to break out to the upside it´s coming back down. The series of lower highs is certainly not very convincing yet...
September 29, 2016
Quite a few rallies in the recent months were preceded by the mining stocks’ outperformance relative to gold - and we just saw the same kind of phenomenon on Wednesday – i.e. GDX rallied while gold declined. Is the bottom in?
The world economy is now at its most dangerous point in history. In virtually every major country or region, there are problems of a magnitude which individually could trigger a collapse of the financial system. Because of the interconnectivity of the system, when...
When the next financial crash occurs, investors need to understand which of the top four precious metals are the best to invest in. Unfortunately, there has been a great deal of faulty analysis that has misled many investors about the fundamentals of gold, platinum...
Time for a reality check. The market has had nothing but positives for three months now. BREXIT was contained. The Fed failed to raise rates again. The Bank of Japan and European Central Bank are printing a combined ~$180 billion per month (a record pace) and using...
President Obama just had his first veto override of his entire presidency today, as the Senate and House both voted to override his veto of the 9/11 victims bill, Justice Against Sponsors of Terrorism Act (JASTA). As of this moment, the Sept 11 bill is now law.
September 28, 2016
The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have...
Steve Saville: “…there is no limit to how much new money the central bank can create.” The Federal Reserve – the central bank of the United States – issued over $16 trillion in loans, swaps, guarantees and more following the 2008 financial crisis. They also...
Nineteen years ago, South Korea came precipitously close to bankruptcy. The Asian financial crisis had spread like a virus. Thailand, Malaysia, Singapore and other Southeast Asian countries were all affected, inciting fears of a global economic meltdown if the...