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.

 

April 29, 2020

Things appeared normal, and then everything changed… U.S. COVID-19 official cases on March 7: 338. U.S. COVID-19 official cases on April 28: over 1,000,000, if you believe the Johns Hopkins numbers. Exponential growth in sickness, debt, and expenditures are “killers...

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system...

April 28, 2020

Before I get started on my weekly commentary, I want to thank you all for the waterfall of responses to A Boomer’s Plea posted last weekend, in what I must confess was my most impassioned missive of a multi-decade writing career.

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash.

Tuesdays are often a weak day for gold.  Where there is weakness there is opportunity, but is that opportunity here today? Gold is in a trading range between $1670 and $1785, and I believe the odds of an upside breakout are about 67%.

The gold futures contract lost 0.68% on Tuesday, as it extended its short-term downward correction following last week’s advance. The market has bounced off its mid-April local high. On April 14 it was the highest since November of 2012 and the daily high was at $1,...

April 27, 2020

As the drive to end lockdowns and reopen presses ahead, risk on assets rally in anticipation of the V-shaped recovery into the Promised Land. What about price and demand for gold, can it suffer a short-term setback in this environment? How low could the yellow metal...

Physical gold continued to catch a bid last week, trading above $1,760 an ounce, on a host of head-spinning economic news, from millions more Americans filing jobless claims to record money-printing to negative oil prices.

Recent market turmoil caused by COVID-19 and subsequent economic slowdowns have investors looking for new sources of yield as the stock market continues to come under deflationary pressures.

I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from...

NOTE- In “real life”, whatever that is- I tend to be a very optimistic person.  Yet, I grew up around others who lived in a different time when things were not so great.  These loved ones taught me to always look at the “down side”, first, to always evaluate “risk”...

Today, we will seek to discover the true price of gold and silver and prospect generators. Joining us for a conversation is Byron King of Agora Financial, along with Dr. John-Mark Staude of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB). Gentlemen, I hope you...

The new coronavirus is unfortunately deadly not only for humans but also for global economy. The central banks have shot their bazookas, but the monetary policy is helpless during pandemics with their supply disruptions and self-quarantine that effectively freezes...

April 26, 2020

SPX is making a secondary top which may simply need a finishing touch.  The next short-term reversal should quickly re-test the 2720 level, and once it is broken, a new low is likely, possibly by mid-year.

Last week's trading saw gold forming its low in Tuesday's session - here doing so with the tag of the 1666.20 figure for the June contract. From there, a sharp rally was seen into late-week, with the metal running all the way up to a Thursday peak of 1764.20 -...

A favourite expression of dear old Dad toward successfully achieving one's goal was to "be in there battling", enhanced with a few hand claps, before shuffling back into his library. And in settling out this past week yesterday (Friday) at 1746, Gold -- albeit...

Since the Dow Jones’ March 2009 bottom, its BEV -17.5% line has been a critical level of support.  In autumn 2011 the Dow Jones failed to break below it, and in December 2018 when the Dow Jones did break it, it closed below this critical level for only one day;...

April 25, 2020

Precious metals have become the focus of many researchers and traders recently.  Bank of America recently raised its target to $3000 for gold (source: https://www.bloomberg.com).  In December 2019, we published a research article suggesting precious metals were...

Our proprietary cycle indicator is up, but has reached levels of previous tops. Gold sector remains on long-term buy at the end of March. Our core positions are deep in the money, and shall wait for the next cycle bottom to add to positions.

April 24, 2020

The metals complex showed relative stability this week as the oil market suffered a historic meltdown. West Texas Intermediate Crude crashed 70% at one point this week on the continuous contract, bringing prices briefly below $7 per barrel. By Thursday, prices were...

After a more than 50-year bear market in gold stocks, things are coming together to create virtually perfect conditions for gold stocks. Gold prices are at (or near) all-time highs in most currencies, and will likely continue to rise over the coming years. Commodity...

This interview starts by Lynette reminding her audience of Egon’s view that financial and economic risk in the world was getting uncomfortably high already 20 years ago. He recommended as early as 2002 for people to hold 25 – 50% of investable assets in gold, when...

Here are today's videos and charts.  The videos are viewable on mobile phones as well as computers.

The gold miners’ stocks surged to a major bull-market breakout this week!  Powering decisively above their years-old secular resistance is a hugely-important technical event.  It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts...

Particularly at times like these, when we’re experiencing things few would have imagined, it’s important to reach out for that which gives long term perspective and grounding. These days, it’s easy to get wrapped up in the short term and lose track of the long term...

Today, we're going to discuss precious metals premiums, the COMEX and the big picture. Joining us for a conversation is Andy Schectman, the president of Miles Franklin Precious Metals Investments.

The Wuhan virus outbreak, and the economic lockdowns that spread globally because of it, have accelerated the trend toward a digital economy.

April 23, 2020

This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool failed.

There are as many ways to play the PM sector as there are investors. Some will only buy the big cap PM stocks for safety. Others will only buy the mid cap producers. Some will only buy a mix of big caps and mid cap producers.

The world watches as a number of economies begin, or plan, to lift certain lockdown measures that were earlier put in place to slow the spread of the coronavirus.

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