One of the hottest issues among economists and financial analysts is the yield curve. Investors worry that it is likely to invert soon, bringing the current expansion to an end. And even the FOMC member discussed “what a flattening of the yield curve might signal...
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.
August 24, 2018
Here is our weekly digest of the key news, market updates, charts and videos. This week we brought you a series of short videos from an interview between Stephen Flood, CEO of GoldCore.com, and commodities trading expert Carley Garner.
August 23, 2018
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the famous account by Charles Mackay of the South...
Does gold go on vacation? I don’t know, but I am going for sure. But before that happens, I encourage you to read another special edition of the Gold News Monitor from Auburn, Alabama.
August 22, 2018
After writing publicly for over seven years now, the most common comment I have seen to my articles suggests that once a major news or fundamental event occurs it would completely invalidate my wave count, as the market will certainly move based upon the substance...
Gold stocks is in a 50-year bear market when measured in gold. This (very) roughly means that on average, it has been more economical to buy gold rather than to mine it. Interestingly, South African gold mining production peaked two years after, in 1970, as if to...
Gold is a crowded trade and this week futures on the yellow metal turned net short for the first time since April 2001. Frank explains why traders have turned bearish on gold and how the U.S. dollar has remained strong, even though indicators show it is overbought....
Today we bring you two video interviews about the current state of the gold market: Are gold speculators really the least bullish that they have been in years?
Last week GDX and GDXJ were down almost 12% at their lows on Thursday. Since then, they’ve recovered but only a tiny fraction of recent losses. The crash did result in the miners reaching an extreme oversold condition while trading around long-term support at their...
The world is familiar with FANG (Facebook, Amazon, Netflix, and Google), then came FAANG, Facebook, Amazon, Apple, Netflix, and Google. But are you familiar with BANNG? We would like to introduce to the world a countercyclical group of stocks that could be the...
Gold has had a difficult few months. After a modestly upward trend until mid-April, gold then started its downward trajectory, falling from $1,350 to well under the psychologically important $1,200 mark in a (final?) collapse the last week. The U.S. economy, stock...
Gold and silver premiums – the price dealers add to the melt value of an item to cover manufacturing and overhead – began climbing in the past two weeks.
August 21, 2018
In hitting its low for the year last week, gold’s sour performance has generated a flurry of interest in the metal among investors. There has also been a notable increase in gold coverage in recent days by the mainstream financial media as the question, “Has gold...
Can a gold investor have their cake and eat it too? Is it possible for the Western fear trade and the Eastern love trade to push the price of gold higher at the same time? I believe the awesome answer to that question is a definite, “Yes!”, and here’s why I say...
The relationship between currencies on the FOREX market has a lot to do with the trade balances between countries. If a country consistently runs a trade surplus against a second country, most likely its currency will rise. Certainly, there are other factors, mainly...
Some time ago, the newest edition of famous In Gold We Trust report was released. So, why should we trust in gold in 2018?
Much is being made of the current makeup of the Commitment of Traders report for Comex gold. However, similar historical irregularities are appearing in other assets, too. Thus the question, are The Banks setting the stage for a wildly volatile second half of 2018...
Yesterday, we gave you an inside look into the very competitive and honest market in which physical bullion dealers operate. It’s a market based on supply and demand for actual metal.
One of Marc Lichtenfeld’s proudest moments was getting to ring announce a world title boxing fight promoted by Mr. “Only in America” himself, Don King. “He was one of my main clients for many years,” Marc tells me, adding that the boxing impresario “is always the...
The St. Louis Federal Reserve publishes data on M2, a measure of currency in circulation. Data from the past 50 years shows that M2 has grown exponentially (straight line on a log-scale graph) at about 6.7% per year since 1971. The economy grew much slower.
So, does my title appropriately capture the sentiment about metals right now? While the title may seem a bit extreme to some of you, many are leaving the metals for dead, and others have already written their obituaries.
Russia under Putin continues to add to its gold reserves and added another 800,000 ounces or 25 metric tonnes in June. Many analysts believe this buying will continue in the coming months given the very serious geopolitical tensions between Russia and the U.S.
August 20, 2018
I decided that before I sat down to write the weekly recap and outlook for the gold and silver markets that I would go to a few of the great commentary sites such as Streetwise, 321Gold, Goldseek and Gold-Eagle to read what the other "experts" are saying about the...
From late January of this year through mid-April, cash gold held in a tight range of approximately 1300 to 1350. Several times in our commentaries we stated a high expectation that gold would breakout to new recovery highs.
In a couple of blog posts last year I discussed the limitations of sentiment as a market timing tool. With the most reliable sentiment indicators now revealing extreme negativity towards gold, it’s timely to revisit this topic using the current gold market situation...
The best performing metal this week was palladium, up 0.52 percent after rallying hard after a six percent drop mid-week, largely on talk of trade tensions easing. Inflation is creeping into the market, which has historically been positive for the price of gold. U.S...
It is my privilege now to welcome in Dr. Lucas Engelhardt associate professor of economics at Kent State University. Dr. Engelhardt is an Austrian economist who has been a guest lecturer at the Mises Institute and in his teaching specializes in macro-economics in...
Last week, we discussed the tension between forces pushing the dollar up and down (measured in gold—you cannot measure the dollar in terms of its derivatives such as euro, pound, yen, and yuan). And we gave short shrift to the forces pushing the dollar down.
Gold prices have a certain seasonality to them. Typically gold prices tend to bottom in July and August and then rally into the end of the year. According to Carley Garner of DeCarlyTrading.com, this is driven by a number of underlying factors.
August 19, 2018
Last week, SPX filled the count established at the 2860 level by dropping to 2802, formed a small base, and rallied strongly on the news that there appeared to be a détente in the potential trade war between the US and China. Should these prove to be false...