When the results are released, the second-quarter economic data will be the worst on record. With the massive money printing by the U.S. government, public debt has ballooned more than $3 trillion since the lockdown of the domestic economy. The total U.S. public...
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 28, 2020
June 27, 2020
Gold sector remains on long-term buy at the end of May. Gold sector cycle is now up, indicating that the multi week pullback is now completed. We are adding to positions.
June 26, 2020
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
During the coronavirus crisis many people couldn’t find physical gold, as there was a bullion shortage at dealerships. And these lucky individuals who managed to obtain bullion had to pay high premiums. We invite you to read our today’s article about the high...
Gold miners’ stocks rocketed out of mid-March’s stock panic, breaking out to major new bull-market highs in mid-May. Such blisteringly-fast gains, and gold stocks’ upleg stalling out since, have left many traders nervous about this sector. Calls for a serious...
The gold futures contract lost 0.25% on Thursday, as it retraced some of the recent advance. The market got very close to $1,800 mark on Wednesday but then it has reversed lower. The recent economic data releases didn’t bring any new surprises for the financial...
In last week’s Insight I examined the position of the US dollar, given the Fed’s current monetary policies, and concluded that the Fed’s dollar is likely to become valueless by the end of this year. The consequences for other major currencies — the euro, yen and...
In the first part of this research article, we briefly discussed the recent price and global economic events related to the 2018 to 2020 US stock market volatility and the COVID-19 virus event. The premise of this research post was to highlight the current upside...
June 25, 2020
All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of...
IMF predicts deeper global recession and slower recovery, just as I expected. Good news for gold.
The gold futures contract lost 0.39% on Wednesday after reaching new long-term high of $1,796.10. The market got very close to $1,800 mark but then it has retraced the whole intraday advance. The recent economic data releases didn’t bring any new surprises for the...
While many viewed unemployment, or the Covid virus, or the slowed GDP, or a myriad of other factors as reasons to believe the market is “dangerous,” I propose that these four-letter words are more dangerous to your investment account than anything else:
June 24, 2020
We warned about this move many months ago and just 6 days ago we issued a research post suggesting Gold had cleared major resistance and would start a rally mode to push above $2000 – possibly above $2100. Well, guess what happened right after we made that...
The Weekly Missive, which usually arrives over the weekend (sometimes on Friday, sometimes on Sunday) was delayed this weekend for one reason: I had to change it.
Gold surged on Monday after a spike in coronavirus cases worldwide dashed hopes of a quick economic recovery. Within 24-hours the number of infections globally rose 183,020, a new record, the World Health Organization reported, Reuters said the US saw a 25% increase...
The best performing precious metal for the week was silver, up 0.83 percent as hedge funds boost their net long position to a 14-week high. Swiss exports of gold to the U.S. hit another high in May to 126.6 tons. ETFs added 27,739 troy ounces of gold to their...
The gold futures contract gained 0.88% on Tuesday, as it further extended its last Friday’s advance. The market got closer to $1,800 mark. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the...
After the recent COVID-19 virus event and the global market concerns that will warrant caution for skilled traders and investors, the US stock markets have entered an upside parabolic trend that will likely end with a massive price collapse – extremely volatile and...
June 23, 2020
The current phase of the gold bull market, which started last year, is – we believe – the third and final wave of the secular bull run tracking back to 2001.
With a new tail wind of significant ETF tonnage growth, gold bullion continues to sport the best charts of all the major asset classes.
Many people ask me whether or not they should invest in gold stock indexes, or the GLD or SLV ETFs. They often point to the difficulty of securing physical precious metals versus the ease of purchasing the derivatives through an exchange. I am going to give some...
Before we get into the timing of the recession, here is a graph that is particularly telling of the Fed’s journey and is worth studying from left to right. Notice how chaotic and less effective our journey with FedMed has become, just as I wrote about in another...
The gold futures contract gained 0.76% on Monday, as it extended its Friday’s advance of 1.3%. The market has remained above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises...
Jobless claims paint a much grimmer picture than other pieces of economic data. So, the Fed (and other central banks) will remain dovish for years, which should support gold prices.
June 22, 2020
Historical precedents are in many a technician's toolbox – and it's a tool they reach for with success repeatedly. What lessons can we draw from the miners' performance back in 2016 and now?
Historical precedents are in many a technician's toolbox – and it's a tool they reach for with success repeatedly. Does the yellow metal offer any interesting parallels?
The liquidity the Fed provided seems to be working. Equities have risen sharply from their March lows, and the NASDAQ reached new all-time highs. With fear subsiding, gold has begun to take a back seat. We see the potential for a top in the coming days, followed by...
The stock has gone through many cycles since the 2000 tech bubble. The tech bubble was the last significant time the stock market's popularity among individuals piqued their interest in such a huge way similar to what we see now in the markets.
The gold futures contract gained 1.27% on Friday, as it broke slightly above the price level of $1,750. Last week’s Powell’s testimonies on Wednesday, Thursday and his Friday’s speech didn’t bring any new surprises for the financial markets. But gold got closer to...
The confrontation between the US and China is simmering in the background, now superseded in the MSM by burning US cities and the protest against Trump. On the PM front, last week saw gold and silver ending a week on a firm note for a change.