Gold speculator and large futures trader positions rebounded modestly last week following a sharp decline the previous week that brought gold speculator positions to the lowest level since March 24th, according to the latest Commitment of Traders (COT) data released...
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.
May 17, 2015
Parabolics, that is, which as we below see on a weekly basis have stifled Gold since 20 February. But upon this past Wednesday's being the third strongest upside performance-to-date in 2015, our Captain Endicott successfully navigated Gold's flight up and through...
Both the Federal Reserve’s and foreign central banks’ appetite for US Treasury debt have apparently been sated, (for now anyway) as seen below. The Federal Reserve alone has increased its reserves of US Treasury debt by 850% since 2008.
May 16, 2015
When it comes to investing in the stock market, we’re told to follow the smart money. Who might that be? The most influential investors/businessmen in America today are Warren Buffett, John Paulson, and George Soros. Their investing acumen has helped them amass...
Gold sector is on major sell signal. Cycle is down. COT data is not supportive for overall higher prices. Silver is on a long term sell signal and investors should be in cash or short. SLV is on a short term buy signal and traders can buy if risks are manageable.
Stocks saw great action this past week. And after weeks of chopping around seem to be moving out of the nice patterns, which have taken that long to form. Half the battle is waiting for the right setups on the chart…and those patterns take time to form.
Last week, we addressed how China’s growing leadership and economic dominance is raising more questions than answers. A Part II, of some sort was planned, but instead, the focus is on the ultimate reptilian society builders, aka the New World Order. By reptilian,...
May 15, 2015
There is some talk among traders about precious metals breaking out. Silver broke a trendline dating back to summer 2011 and will make its highest weekly close in more than three months. Gold will make its highest weekly close in three months and gold miners had a...
DOW vs Gold, Gold Range, Silver Range, GDX, GDXJ & Silver Targets analysis via videos and charts (double-click to enlarge):
The US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early European trading this morning, perhaps...
Global gold demand remains robust as seen in the latest quarterly figures from the World Gold Council released yesterday. Q1, 2015 gold demand was just 1% lower year on year but was 3% higher quarter on quarter due to a surge in investment demand which was 4%...
The more official (announced) or non-official (non-announced) QE the central banks apply the more “less” valued money is added to “higher” valued, existing money! Your purchasing power is being eroded increasingly with every rescue operation from the government,...
Earlier this week, I had the pleasure to appear on Jim Puplava’s Financial Sense Newshour radio program and discuss the state of the gold market. Along with my peers John Doody of the Gold Stock Analyst and Ross Hansen of Northwest Territorial Mint, I shared my...
The chart below (source: Stockcharts.com) shows a pattern known as a Reverse Head and Shoulders. No breakout has yet manifested but the probabilities seem to be rising. Tecnically, a break above the neckline will lead to a rise of around $80 .
The drop in international liquidity is a very important (but often overlooked) issue, since it explains the fall of the U.S. depositary institutions lending and the deterioration of U.S. credit conditions. In March, the amount of extended credit dropped to...
May 14, 2015
I'm going out on a limb: I think the next bull phase in the gold market gets underway before October.
Gold broke $1,200 today after a report that retail sales have slumped. Why would gold surge on downbeat economic news? As Ron Paul explains, things are not always what they seem.
Global debt is now in the region of $200 trillion. The McKinsey Global Institute recently published a report highlighting the bloated, unsustainable levels of debt that have been accumulated globally and the huge risks when interest rates begin to rise again.
That didn’t take long did it? I of course am speaking of the second overnight and global meltdown of the credit markets …in the last four business days! Before getting into this topic which I believe will soon be seen in retrospect and by historians far into the...
We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn't exist. An ideal illustration of this dangerous tendency towards collective...
May 13, 2015
Over the years, I have written occasionally about the connection between the demand for U.S. government debt and quantitative easing. My contention is straightforward. The primary determinant for quantitative easing is not, as we are constantly told, to keep the...
The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and currency speculators decreased their overall net bullish positions for the US dollar last week for...
Gold failed to breakdown last week as expected and forecast. Despite the relative strength of Gold in the last few weeks, we cannot make a case for it breaking out from its current range. As we have maintained for many months, we are still of the opinion that the...
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other, presumably more rigorous monetary...
May 12, 2015
We can now likely conclude that wave *ii* of .c. in gold has ended at 1178.20, a 20 tick failure on our charts, meaning we were targeting 1178, and gold went 20 cents shy of that.
There are many more details and indicators that inform well balanced ongoing analysis, but the three scenarios below are the general options before us. Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 342:
The first four months of 2015 have seen many gold stocks stage tremendous rallies. In many cases, but not all, the gains appear to be “here to stay.” When some individual gold stocks rise by 100% - 400% in just four months, investors can begin to feel it’s a stock...
May 11, 2015
In another fascinating interview, this time on CNBC, Dr. Marc Faber discussed the factors involved in the ongoing Greek crisis and made some interesting points. Dr. Faber – who edits the Gloom, Boom and Doom report – is in no doubt that Greece will not be allowed to...
Gold traders were bullish for a second week on speculation a weaker dollar may support gold demand. As the U.S. dollar has seen sustained retrenchment lately, the “smart money” is taking the bullish-dollar bets off, as CFTC data show the value of positive bets in...
We are starting to see the world’s markets synchronizing much more now than ever before. The statement from Janet Yellen, Chairlady of the Fed, that equity markets were high, set off alarm bells all over the world’s markets.