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...
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 14, 2015
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.
This past week, noted bond fund manager Jeffrey Gundlach reiterated his perspective that gold will see $1400 in 2015. How many more times do we have to see these types of predictions made year after year fall by the wayside?
Recent Reuters headline: China’s gold imports from Hong Kong dipped to 7-month low. The brief article which followed implied that Chinese gold demand was also dropping in commenting that Honk Kong imports remain a proxy for Chinese gold demand. They used to be,...
May 10, 2015
The Model continues to be in strong Sell/Bearish Mode. On the positive side we have a new buy signal due to the falling Volatility. Also and even more important the CoT-Report is now looking much better.
Gold Futures - Speculative positions dropped last week. GOLD Non-Commercial Positions: Gold speculator and large futures trader positions fell sharply last week as gold bullish bets declined to the lowest level since March, according to the latest Commitment of...
One of the most interesting guesstimates about what the SPX is doing is that it is in the process of completing a diagonal triangle. If correct, next week should mark the pattern’s completion, followed by a substantial correction which could last several months....
In our daily gold trading newsletter, we usually focus on either short- or medium-term price swings, but in this essay we’ll do something quite different. We are going to analyze the gold market from the long-term perspective and we are going to focus on what’s...
As usual, we look at gold from different angles. If anything, it becomes clear that the precious metals market is nearing a pivot point. We cannot be sure in which direction this will resolve, we can only keep on monitoring the developments in the weeks and months...
Markets remained in their large patterns for the most part with the exception of the Russell 2000, which seemed to have been leading us lower…but now not so much.
As you probably know, I would not be surprised if the stock market crashes within the September / October 2015 time period. I believe the economic fundamentals are poor and getting worse, fast. In order to prepare, this weekend I examined how U.S. Bonds and Gold did...
A first time for everything. This week was the first time I ever went to basically cash before the jobs report was released. It’s still too early to know yet if this was a right or wrong decision depending on what the stock markets do next week.
If you've been sensing, amidst increasing annoyance, within what we recently dubbed "Gold's Flight at 1200", (all of its turbulence and gyrating about notwithstanding), that price is neither breaking out to the upside nor downside, your perception by now must be...
The one word that best describes the stock market since early March would be “lackluster,” a market that’s neither hot nor cold. The Dow Jones Bear’s Eye View (BEV) chart below begins at the absolute bottom of the credit crisis bear-market.
May 9, 2015
Gold sector is on major sell signal. Cycle is up and a corrective bounce is in progress. Silver is on a long-term sell signal and investors should be in cash or short. SLV is on a short -erm buy signal and traders can buy if risks are manageable.
Our focus on gold and silver is more of an unconventional approach because the conventional news stories on them regurgitates a never-ending supply of statistics that have nothing to do with current prices. What does?
Last month a lot of negative data on the global economy was brought to light. China’s trade plunged in March and the World Trade Organization cut the 2015 global trade growth outlook to 3.3 percent from the previous 4 percent. We have already suggested in the Gold...
The gold price and silver price initially rallied this week from the lows of $1170 and $15.93 respectively last Friday to challenge the $1200 level for gold and $16.70 for silver on Wednesday, before losing about half these gains yesterday.
May 8, 2015
UUP, Gold Range, Silver Range, GDX Jobs, GDXJ New Range & Junior Metal Stocks analysis via videos.
Gold stocks’ reign as the most despised sector in all the stock markets remains unchallenged. They’ve even been abandoned by contrarians. But such universal antipathy and apathy is the breeding ground for major bottoms. And despite gold’s lackluster performance,...
In a remarkably unbalanced and lazy article on gold this month the Economist magazine attempts to dismantle the case for investors and others to own gold. Both from an investment point of view and also from an ethical point of view.