Investors are bracing for market volatility following the surprise attack on Israel by Hamas militants. Crude oil futures shot up over the weekend while gold prices gained and global stock markets teetered ahead of U.S. markets opening on Monday.
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 10, 2023
October 9, 2023
The best performing precious metal for the week was gold, but still off 1.22%. Workers at Mexico’s biggest gold mine agreed to accept Newmont Corp.’s offer, which has kept the Penasquito mine idle for four months. Workers are basically getting an 8% pay raise,...
As the prices for gold and silver continue to vacillate, investors and others who are price dependent might find themselves a bit anxious regarding both metals lack of obligatory action to the upside.
This is a financial market article that also delves into social commentary. The new macro, as exemplified by the 30 year Treasury Bond yield chart below, will bring change; both social and financial. The two are, of course, related. Here we do not come to firm...
The foregoing title may seem a bit sensational, no? With all the recent hype about a gold-backed BRICS currency emerging from this summer’s South African meet-and-greet vanishing like oar swirls, one can understand the argument that many gold bugs chase (and create...
The massive terrorist attack by Hamas on Israel over the weekend will unsettle the geopolitical world for the foreseeable future. The economic implications are potentially too grave to be treated merely as a tradeable event; investors should instead be thinking...
Gold, Silver and the miners (GDX, GDXJ) likely made a short-term bottom last week. In this video, I discuss upside targets over the next week or two, as the path of least resistance for precious metals should be higher in the short-term.
October 8, 2023
“Well ya know, Gold is down because of Dollar strength…” Oh good grief are we sick of hearing that. Honest to Pete, knee-jerk “conventional wisdom” is hardly our investing indicator of choice, especially when it comes to owning Gold, which at this writing — in...
Slowly, but surely, the Dow Jones is headed down. That isn’t saying it couldn’t turn around, and begin going up again. But if it does turn around, and you can depend that at some point it will, you have to ask yourself a question; are we in a bull or bear market? If...
Well, the shift in the calendar has so far failed to produce any shift in the trend for precious metals markets. Gold and silver are extending their recent price declines here in the first few trading days of October and of the fourth quarter.
October 7, 2023
Gold sector cycle is down. Trend is up for USD, and down for gold and gold stocks. We shall wait for the next cycle bottom.
October 6, 2023
Gold just suffered a violent technical breakdown, plunging even deeper out of favor. Heavy gold-futures selling has cascaded following the FOMC’s latest hawkish surprise. That pummeled gold sharply lower, shattering key support zones. But big gold-futures selling...
Here are today's videos and charts.
Argentinian presidential candidate Javier Milei—who could actually win in the general election later this month—has become famous for his fiery speeches and his libertarian views from central banking to government spending. Milei's proposed policies—if he's able to...
In recent weeks Dave Kranzler of Investment Research Dynamics has commented on the similarities he sees between the current financial markets and what we all witnessed back in 2008. Although in terms of the precious metals, back in 2008 there was a big selloff in...
October 5, 2023
The current washout in metals and miners is purely technical (banks covering shorts). It should end quickly, and then we start the next significant advance, which I suspect will take gold above $2100.
The past week in the financial markets has hardly been one for the faint of heart. The big moves in the bond market have continued, with 10-year yields rising as high as 4.88% before sinking lower through this morning's trading down to 4.73%.
We live in an era of macroeconomic superstition. Much of what commentators think they know about monetary policy just ain’t so. A recent example is the purported link between economic growth and inflation.
Various assumptions employed by mainstream economists are detached from reality. For instance, in order to explain the economic crisis in Japan in the 1990s, Nobel laureate in economics Paul Krugman employed a model that assumes that people are identical and live...
Gold leads real interest rates at important turning points. On the bullish side, Gold positively diverged from rising or strong real rates before the 2005 breakout and 2018 to 2020 cyclical advance. On the bearish side, Gold peaked in 2011 and summer 2020 before...
October 4, 2023
Despite the gold price declining for several months, its performance is extremely strong considering sharply rising real interest rates. To measure gold’s performance against real rates (TIPS yield) I’m introducing the “Gold Price–TIPS Model Tracker” to improve our...
Last Friday was the close of the month and quarter, which means fresh monthly and quarterly charts. In this video we take a look at both charts and discuss the support levels for Gold & Silver.
October 3, 2023
In many ways investors should look to the past for lessons. The eighties, seventies or fifties? No, they should look to the “biblical past”. First came wars, followed by food shortages, then a pandemic, then fires and floods. What’s next? Kingdom against kingdom?...
For gold “to be all it can be”, both average US citizens and institutional investors need to become as excited about it as they were in the 1970s.In a nutshell, gold can easily rally $300/ounce on recession news, lower oil, and peaking rates, but it would likely...
The average risk score for Scotia’s coverage list of gold companies has improved over the last decade from 56 (out of 100) in 2011 to 64 (out of 100) today.
New yearly low in the GDXJ, plunging silver prices, and louder questions about the upcoming bottom. Let’s start.
Gold continued its downward path this past week and all but confirmed that lower prices are ahead. Below is a chart of price action dating back to the peak in 2020…
Gold and silver prices slid lower to close out the third quarter. Entering trading for the fourth quarter, the metals are back, once again, in the middle of the range where they have languished for more than three years.
We're entering the final few days of the intermediate decline, I call this the bloodbath phase as this is where price just goes down day after day after day and no matter how many times we go through this, people's emotions take over and they do stupid things.
October 2, 2023
Historically, inflation always referred to an increase in the money supply, whereas nowadays it refers to an increase in prices. This shift in the definition of inflation lets central banks get away with their fraudulent business. Thus, the original definition must...