“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion — policemen, customs guards, penal courts, prisons, in some countries even executioners — had to be put into...
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.
March 8, 2021
At this point in our lives, we are hoping the new COVID-19 vaccines will do their part to help move the world towards more normal consumer and economic activities. The US Senate recently a new $1.9 Trillion stimulus package that should continue to provide...
As you well know the PM complex has been trading at a very important inflection point for the last month or so looking for the next important move either up or down. I can make a case today for either direction but the Chartology is strongly suggesting the next...
If I see another article calling this market a bubble, or that the crash is coming, or claiming that “the party is over,” I am seriously going to scream. But, I guess we should thank all these article writers as they are adding bricks to the wall of worry that we...
There is some evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before coming to an end.
March 7, 2021
From the NY Times on Saturday: The package would inject vast amounts of federal resources into the economy, including direct payments of up to $1,400 for hundreds of millions of Americans, jobless aid of $300 a week to last through the summer, money for distributing...
Last week's trading saw gold once again saw its high for the week made in early-week trading, here doing so with Monday's tag of the 1757.40 figure. From there, a sharp decline was seen into later in the week, here dropping all the way down to a Friday low of 1683....
The Dow Jones saw a little selling pressure this week; down on Tuesday, Wednesday and Thursday, but up on Monday and Friday. For the Dow Jones and most of the stock market (if not the NASDAQ Composite) I’d say this week was a net neutral.
The stock market has generated an official confirmed Hindenburg Omen stock market crash warning signal as of March 4th, 2021. It only takes two observations for an official Hindenburg Omen, and oftentimes we see more. This one so far has two observations, the most...
Now really apropos is our anticipatory piece from two weeks ago ("Gold's Near-Term Brush with the 1600s") as 'tis become reality. Gold settled out the week yesterday (Friday) at 1698 (almost kissing where 'twas a year ago in the above chart) and has now traded in...
“Today we’re still a long way from our goals of maximum employment and inflation averaging 2% over time…” – Jerome Powell March 4, 2021. The week that just passed presented us with more than a few seminal moments, those points in time where a well-constructed course...
March 6, 2021
Our proprietary cycle indicator is down. Gold sector remains on long-term BUY at the end of February. Our ratio is on a new BUY signal. Speculation is at the lowest level in years.
As I pen this article, gold and gold stocks may be starting to form a low. Over the past four trading days, GDX and GDXJ have dug in and formed bullish reversal candles, while gold has traded lower and tested its 38% retracement at $1690.
March 5, 2021
In September 2001, gold spiked to fresh highs after the 911 terrorist attack. Just a few months later, prices dropped back to pre-911 levels. What happened - why did gold drop when the world had changed forever? Good question. It did not make sense then, and the...
Folks, it seems that gold has formed an interim bottom, and a short-term corrective upswing is now likely, before the medium-term downtrend resumes. Any further declines from this point are not likely to be significant for the short-term. The same applies to silver...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Gold has suffered unrelenting selling in the last couple months, hammering it and its miners’ stocks much lower. Those outsized anomalous losses have left sentiment in tatters, with overpowering bearishness universal. Gold’s thrashing had nothing to do with...
Without a doubt, everyone is wondering (and should be): where is the bottom in gold and what’s going to happen to the yellow metal after it came close to touching $1700 last week?
Fed Chair Jerome Powell just spooked the markets by predicting that inflation will jump when the economy reopens – but don’t worry, it’s just temporary. Here’s the real-time CNBC account:
March 4, 2021
Monetarists have long held that there is a relationship between changes in the quantity of circulating currency and the general level of prices. It is not the only factor governing the relation, but it has been generally established to be true.
Gold remains in a bearish trend as economic confidence has improved, however, inflation can change all that around. The chart presenting gold prices in 2021 doesn’t look too encouraging. The yellow metal continued its bearish trend at the turn of February and March...
One of our readers' favorite tools is the Adaptive Dynamic Learning (ADL) predictive modeling system. This tool maps out technical and price patterns into an array of similar setups using historical data, then applies that data to current and future price bars....
Well, right on cue, it looks like the endless creation of fake money by the Fed has now poisoned both the stock market and the bond market. The Dow was down 1,000 (3%) points in two days and the Nasdaq down 7% in two weeks.
Markets are seeing sideways action today on Wednesday, and we'll be visiting gold and S and P 500 broad equities action with Chris for Mulan chief market [email protected]. Chris and I will be talking technical trading and analysis, and we'll be...
March 3, 2021
People…relax. It's a correction. If you're a serious gold investor, then I sympathize. If you're freaking out, then this is not for you. If you're anxious, then you need to check your premises. After all, what's changed since gold reached a new all-time nominal high...
Can the precious metals move lower before a short-term correction, and after correcting, will they continue their medium-term downtrend? Gold & silver reversed yesterday (Mar. 2) and the GDX rallied after bottoming right in my previous target area, but it’s...
The price of gold early Friday morning this past week touched $1720. At that level it was down $350 per ounce from its high point of $2070 last August.
As I look back upon the week and month that ended February 2021, I am reminded that this is the anniversary of the week that I tweeted out: "I say we are less than two weeks (and maybe hours) from the arrival of a Bear Market in global stocks..." What followed was a...
As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next? Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing...
Gold and silver continue to struggle with significant selling pressure. Last Friday, gold dropped some $40 as bond yields rose yet again. There continues to be this expectation that rising inflation and economic growth are going to force the Fed’s hand and cause it...