Since my last article, Gold has managed to make a new high for the larger swing, with the metal running all the way up to a peak of 2085.40 (June, 2023 contract), made in last Wednesday's session - before seeing a decent pullback off the same. For the mid-term...
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 8, 2023
Federal regulators seized the struggling First Republic Bank on Monday, which they promptly sold to JPMorgan Chase. Reports show First Republic had some $230 billion in financial assets which quickly evaporated, making it the second largest bank collapse in US...
Matthew Piepenburg shares his views in this extensive interview with Daniela Cambone of Stansberry Research, covering the FED, petrodollar and de-dollarization, banking risk and gold.
Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, joins the show, and we discuss the potential banking crisis that may be looming with the recent interest rate hike by the Fed.
Bank reserves are seldom mentioned except in cases of bank runs. The other possible mention is all the interest money the Fed pays to banks simply for holding reserves. Mark explains the role of bank reserves in the current "system" and gives a brief explanation of...
May 7, 2023
All of the talk about new highs in the gold price seem to be wishful thinking unless one is focused on only nominal prices. Below is a chart of monthly average closing prices for physical gold since the summer of 2020…
And if you blinked — literally — you missed it. In one of the most bizarre GLOBEX/COMEX session openings we’ve ever witnessed — that for this past Thursday, 04 May — Gold in mere seconds leapt 37 points from 2049 to 2085, just 4 points shy of the record threshold...
As more cracks in the foundation of the banking system appear, gold prices have once again been knocking on the door of new records, although we're seeing a pullback here on Friday.
Another week, another bank failure. PacWest Bancorp (PACW) has collapsed on reports that it is looking to sell itself. This is never really a great opening line or stance for increasing one's value on the market in any walk of life. As a result, the stock was cut in...
Vince Lanci talks about the failed breakout in Gold, who was buying in recent days, the potential support levels, and the potential resumption over the next month or two. Vince closed his longs before Friday’s decline and ponders when to get back in.
May 6, 2023
Our proprietary cycle indicator is UP. Trend is UP for gold stocks. Trend is UP for gold. Gold broke out of the CUP formation, and tested support successfully this week.
May 5, 2023
Despite their deteriorating fundamental outlooks, any whisper of a bank run sends gold, silver, and mining stocks higher. Yet, while a potential GFC re-enactment is bearish for the PMs, investors are enthusiastic to bid up the trio, despite the ominous historical...
The gold miners are in the thick of reporting their full Q1’23 operational and financial results. Those are mostly looking good so far, making for an impressive earnings season. Higher gold production is lowering unit costs, driving up operating cashflows and...
Here are today's videos and charts.
I penned an article in late September proclaiming a potential bottom in gold as interest rates peaked. Shortly thereafter, precious metals established a base, and prices have been trending higher. Below is the chart from that article highlighting last year's bottom...
Following Wednesday’s Federal Reserve meeting and ¼ point interest rate hike, gold prices reached a new all-time record high: $2,079 in the spot market. This eclipses the previous record of $2,074 set in 2020 by $5 per ounce.
Gold is inches away from its biggest breakout in 50 years and the start of a new secular bull market. It may have already happened by the time you read this. Gold is also beginning a new cyclical bull market with strong potential to soar to $4000-$5000 over the next...
Below we look at the math, history and current oil environment in the backdrop of a global debt crisis to better predict currency and gold market direction without the need of tarot cards.
I think the average American does not know that the US Federal Reserve currently pays 4.90% interest to banks on people’s checking and savings deposits—this includes the cash in the drawer! I just checked my personal savings account and I am currently getting .01%...
In this video, we are joined by Mike McGlone, macro strategist at Bloomberg Intelligence, and we discuss the potential impact of the Fed's interest rate hikes on the precious metals market, particularly silver and Gold.
In this video Gary discusses the most recent trends in the Gold Markets.
May 4, 2023
Yesterday the Federal Reserve raised interest rates another 25 basis points, while Fed chairman Jerome Powell talked about the soundness and stability of the banking sector.
At his May FOMC press conference, Mr. Powell tried his hand at stand-up comedy by saying "banking conditions have broadly improved since March." Could it really be possible that he can be so blind to what is actually happening within the banking system?
So, the Fed did as expected, raising the rates by 0.25%. But that didn’t really matter. What mattered was what was said later. And how it was then interpreted.
Although the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200 years. With modern mining techniques making large-scale production possible, global gold production...
“The metals” is not a thing says the Copper/Gold ratio; but a more in-depth macro view is required as this Greed/Fear ratio breaks down
There has been a lot of talk in recent months about the narrowness of the rally in stocks so far this year. It’s no secret that the majority of the gains for the index have come from just a handful of stocks while many smaller names have performed much more poorly...
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday raised the target policy interest rate (the federal funds rate) to 5.25 percent, an increase of 25 basis points. With this latest increase, the target has increased 5 percent since February 2022...
Gold and silver have both been flat this morning, as the market awaits the Fed's interest rate announcement at 2 PM eastern. Where another 25 basis point interest rate hike is largely expected, with many market participants feeling this will be the last hike, and...
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us to review his technical outlook on the precious metals sector, and some investing considerations for switching from a bear market to bull market playbook