Over the past few months, mining stocks have returned to offering excellent leverage to the advance in prices for precious metals. Yet, during the recent pullback, the downside leverage has been absent. This is atypical behavior as mining stocks usually lead the...
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.
February 27, 2015
February 26, 2015
Seasoned investors understand that investments which are rocketing to new highs…and are all over the news will eventually fall out of favor to become poor performers and unwanted by market participants. So it only makes sense that the underperforming investments...
In just about every state, it’s the law that you must wear a seatbelt when driving down the road. Putting aside the question of whether the government should mandate this, most of us understand that the reasons for individually choosing to do so are valid.
It’s Wednesday evening, and I can’t help pondering what the world will like when TPTB lose control of “last to go” markets like the “Dow Jones Propaganda Average” and paper gold and silver. Care of the “weapons of mass financial destruction” unleashed by Wall Street...
The specter of currency wars rises like a phoenix once again. This time around, most of the warriors reside in Washington, D.C.. The strong dollar has inflamed the currency warriors (read: mercantilists) led by Democratic Senator Chuck Schumer from New York and...
The global economy is literally imploding. Investors believe that China’s economy is chugging along, but the non-fraudulent data says otherwise.China’s GDP numbers are a total fiction. And Chinese Government officials even ADMIT it! Back in 2007, no less than...
Before getting to the topic of “all in for precious metals!”, I have a story for you which may be of interest. All the way back in 2002, I travelled out to Colorado Springs for the shareholder meeting of a very small and obscure royalty company named Golden Cycle...
As we have already reported, Janet Yellen testified two days ago to the Senate Banking Committee. Yesterday the Fed’s chair submitted identical remarks to the Committee on Financial Services, U.S. House of Representatives. What we want to analyze today are, thus,...
High “structural” unemployment, high levels of public and private debt and a still vulnerable banking sector are weighing on the Irish economy. Report further casts doubt on the “recovery” narrative being touted by governments, banks and vested interests across the...
February 25, 2015
This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. We’ll begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including...
Being involved in the fairly niche business of an international gold brokerage for nearly 12 years now, we find ourselves continuously engaged in conversation with people who demonstrate an incredible lack of understanding of the function of gold and the importance...
In case you had not noticed, we live in a crazy upside down sort of world. We could go into the social aspect of this but it would only make our collective blood pressures go up. The same thing goes for politics, religion and let’s not forget an entire industry...
Debt and budgets in the trillions of dollars and euros are difficult to comprehend. The US budget is nearly $4 Trillion per year while the US official national debt exceeds $18 Trillion. A single large bank may hold contracts for more than $50 Trillion in...
The Greek Eurozone creditors that have been keeping Greece afloat since 2010 have extended the country’s bailout by four months. However, it is only the beginning from what we see as there are a number of key flash points facing the Eurozone which will in turn...
February 24, 2015
Recently I authored an article whereby using technical analysis, I uncovered a potential Silver target of $300.00 an ounce. Since then I’ve been asked to investigate and support how Silver may get to such a lofty price…and or do I believe it’s even possible?
I've long argued that there may not be any safe asset anymore and that investors may want to take a diversified approach to something as mundane as cash. But what about gold? When I mentioned in a recent interview that not even gold is ‘risk free,’ it raised some...
A skeptic said to me recently, “The dollar is money and gold isn’t.” I asked, “OK, how do you define money?” He responded, “You use dollars to buy groceries, not gold.” He defines money as the accepted medium of exchange. Let’s drill deeper into that.
The gold market is very firm, given that most Indian players are in “wait and see” mode. Demand in India has slowed tremendously in recent weeks…in anticipation of the February 28 budget release.
We are encouraged with the rally in gold from 1190.70 to 1209.90, as it looks like a five wave impulsive affair to us! The ensuing drop looks corrective, and complete at 1198.40!! The usual retracements for the correction are:
The Euro zone raised its gold holdings by 7.437 tonnes to 10,791.885 tonnes in January, International Monetary Fund data released overnight showed. The rise in gold holdings was small in tonnage terms and in percentage terms – especially when viewed in the light of...
Without going into the mechanics and logic of “why” or really even how the current Ponzi schemes will fail, I will assume that you understand the current “dollar system” is untenable, unfair, unstable and will fail in very grand fashion. If you do not believe this...
Clearly, central bankers will return to a gold standard only if forced by a financial implosion, economic collapse or equivalent disaster. Hence, the powers-that-be will do whatever is necessary to conceal the sovereign debt bubble, hide the insolvency of sovereign...
In my humble opinion, I believe that, as more and more study is conducted into the social aspect of economics, we will ultimately abandon the use of “fundamental analysis” as a main research tool in identifying market direction. In fact, many noteworthy scholars...
February 23, 2015
With eurozone money printing due to start next month and the Bank of Japan continuing to print more per capita than at the height of Fed QE, there is good reason to think the ‘crack up boom’ in global stocks will last another year or so.
If your job is to sit in front of a camera selling the notion of getting rich from investing, you’re not going to talk about bonds or currencies (maybe the latter is of interest but only with insane amounts of leverage which usually bankrupts a trader in his or her...
Here’s a quote from PayPal founder Peter Thiel’s excellent book Zero to One: “If you can identify a delusional popular belief, you can find what lies behind it: the contrarian truth.” We are confronted daily with the greatest economic and financial delusion of all...
So much is happening behind the scenes, it’s mindboggling. This past week we of course ended with “deal or no deal” over Greece. The “deal” the markets were hoping for really was no deal at all, the markets were only hoping for more time and ONLY more time. You...
The Gold market appears to be in reverse gear at present. It’s at fresh 6 week lows with a 2nd Daily Cycle that continues to wind lower, and is showing nothing that’s at all positive. Gold is trading very lethargically, and is uninteresting from most perspectives....
As you will see in the Gold Weekly Chart we are beginning week 16 of our weekly cycle, on average a weekly cycle lasts anywhere from 20 to 30 weeks (similar to daily cycles). This weekly cycle peaked at week 11 technically making this a right translated cycle. Right...
Last week I did a three part analysis of the HUI index detailing all the reasons that price should find support at its current level and turn higher. Price ignored my in-depth analysis and headed lower.