Gold peaked at every LTD # 4 high and every grouping of LTD # 1 high and LTD # 2 high. Every gold peak was either at the upper trend line or above the lower trend line. Every low took place at LTD # 3 low and LTD # 5 low. All the lows were higher lows. All the highs...
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.
October 17, 2013
October 16, 2013
Human beings function primarily based on the principle of self-preservation; a concept that translates easily to politics where elections are always around the corner. While numerous observable pieces of evidence said the rally off last Wednesday’s low was not...
Would it make monetary insurance (gold) any less important if a new positive economic era has been created? In my opinion no, because as a rational market viewer I see the mechanics of any new bull era and deduce that its arrival would simply be another step...
PUTTING GOLD into your investment portfolio typically signals a lack of faith in other people. Or at the very least, a healthy question mark. Yet even as governments everywhere give investors new reasons to find doubts, the trend is no longer for those enormous...
Sometimes the most attractive energy assets aren’t found in the ground. Rather, at times like today, they are listed on the stock exchange.
Without a doubt, oil investors are focusing now mostly on news out of Washington, because it could have the greatest impact on crude prices this week. During the last session we saw this impact very clearly. Light crude fell throughout the session as hopes for a...
Investors should always be on the alert for special situations that appear in the markets from time to time. Our definition of a special situation would be when opportunity and timing come together and present investors with a greater than normal chance for...
LONDON GOLD moved in a $10 range Wednesday morning around $1281 per ounce – the early August low, down more than 10% from that month's peak – as both the US House and Senate were due to meet in what headline writers called "a last ditch attempt" to resolve the...
Last week on October 8th the financial market experienced a broad based sell off. Every sector was down with utilities being the only exception. The individual leadership stocks, which are typically small to mid-cap companies (IWM – Russell 2K) that have a strong...
October 15, 2013
The stock market was trading in an up and down fashion Tuesday as the negotiations in our capital dragged toward the October 17 deadline.
Given the title of this commentary; it would be understandable if readers mistakenly assumed that this would be more yammering about the nauseating, U.S. Debt-Ceiling Farce. But that is a piece of staged theater, and this is an article about precious metals – and...
The price action of gold has been relatively “tame” recently, despite all the drama and emotional excitement created by the US government shutdown.
On Monday, after weekend talks failed to reach a solution that would reopen the federal government and raise the federal borrowing limit by October 17, the S&P 500 Index dropped to its intraday low below 1,700. However, the index reversed course early in the...
The WHOLESALE price of gold bounced hard Tuesday lunchtime in London from new 3-month lows, regaining $10 per ounce from $1255 as European shares rose but US stock futures pointed lower.
After bouncing off three-month lows on Monday, gold prices have dipped today, giving back a small part of the prior session’s gains despite the persistent cloud of uncertainty that has settled over Washington. Over the weekend, the president of the World Bank, Jim...
The Fed's mode of operation has drastically changed over the past 12 years. Prior to 2002 the Fed would tighten monetary policy in reaction to outward signs of rising "price inflation" and loosen monetary policy in reaction to outward signs of falling "price...
Despite the long-term positive fundamentals for Gold & Silver the technical picture continues to be quite challenging. The chances for a surprising turnaround and a new rally are pretty high due to the extraordinary depressive sentiment in Gold. But there is no...
October 14, 2013
The previous week was quite hard for the oil bulls. Light crude lost almost 2% and slipped to its lowest level since July 3. When we take a closer look at the chart of crude oil we clearly see that the price of light crude remains in the narrow range between $100...
There is an economic collapse fast approaching, a calamity that will be known as the first Great Depression of the 21st Century. This economic crisis will be global, affecting all nations, including the United States. The economic ruination will make the recessions...
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance...
The Gold Report: Doug, we are at your conference in Tucson, Arizona, the day after former Congressman and presidential candidate Dr. Ron Paul gave the keynote speech to a sold-out crowd. How did you two first meet? Doug Casey: It was about 30 years ago. Ron used to...
The Gold Report: Why is the theory of tapering or turning quantitative easing (QE) off a myth, and who really benefits from QE? Rick Rule: My view—as an investor, not an economist—is that QE is misnamed. I think it's another way of saying counterfeiting. It exists...
PRECIOUS METALS rose Monday morning in London, with gold recovering more than $20 of last week's $50 drop to trade at $1287 per ounce as world stock markets fell ahead of this week's technical default by the US government.
We all heard about various “bailouts” or the financial wizardry that the American government used after the 2008 crisis. In a two pronged play the government spent public money while at the same time it introduced the “quantitative easing” program, which resulted in...
Recently the GoldMoney Foundation published an article proposing a new measure of money supply, the Fiat Money Quantity (FMQ), so that a direct comparison can be made between gold and currency, principally US dollars. This has two important functions: it allows...
October 13, 2013
Call it the revenge of the gold bears. Jeffrey Currie, the Goldman Sachs chief commodity analyst whose name inspires dread on all gold bugs who hear it, has made yet another bearish prediction for the gold price.
Gold finished Friday down -13.80 on heavy volume, while silver was down -0.35 to 21.33 on moderately heavy volume. The big move came at 0842 EST, with a massive short attack on gold driving the price down $25 through 1275 support in three minutes with 16,500...
I hope everyone is enjoying the volatility because that is the name of the game we are playing. There is no such thing as a safe investing environment. As with nature you always have two opposing forces, the ying and the yang, the good and the bad, the democrats and...
Every now and then it’s good to take a long term look at the market, so here’s a 128 year chart of the Dow Jones Industrials going back to 1885; weekly closing price basis. The Dow Jones published price is plotted in red and uses the right scale. My Bear’s Eye...
October 12, 2013
On Friday morning, gold trading was shut down for 10 seconds in a “stop logic” event, as the CME explains. In essence, when there is an overload of orders that cleans out stops, the market halts, [10 seconds???] “designed to prevent exaggerated price movements.”...