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.

 

November 27, 2020

The gold price was given a a quick $35 ride on the down-elevator today starting at 7:40 a.m EST. There were no news items or events that occurred that would have triggered the price hit. More likely, the Comex banks implemented another Comex open interest...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to...

The last time I wrote a title like the above was on June 19th; and wouldn’t you know that the correction ended the very next trading day? The consolidation breakout on Monday, June 22 created the gap you will see as a downside objective on the daily chart of HUI...

Whoa! Tuesday, November 24 wasn’t too good for gold. The price of the yellow metal plunged then from $1,840 to $1,800. Actually, November was an awful month for gold prices, which dropped from a local peak of $1,941, or more than 7 percent.

November 25, 2020

There are three major Reset themes for the financial system, all with dire consequences. So let’s look at the First Reset: The current global crisis situation is almost as unreal as the 1964 Bond film “Goldfinger” in which the old 007 villain Auric Goldfinger plans...

Disregard all the hype, manipulation chatter, and the silly mantra stating that “Gold is now Dead.”  The gold price was going to retest the $1,800 regardless of anything to do with Bitcoin’s price rise or Janet Yellen becoming Treasury Secretary.  If investors...

It appears that there is no longer any reason at all to own gold in any form. Didn't you hear that there's now a Covid vaccine and that the Biden/Yellen combo will solve all future debt and deficit issues? So, sell it all and buy stocks and Bitcoin. At least, that's...

Barrick Gold Corp. (ABX:TSX; GOLD:NYSE, US$25.49), the world's second largest gold producer, has been transformed since it merged with Randgold and the latter's Dr. Mark Bristow took over as CEO. Today, it is not only one of the largest gold miners, but one of the...

November 24, 2020

Gold plunged on Tuesday to slightly below $1800 an ounce – the first time it did so since July. The news of further successful vaccine tests and U.S. President-elect Joe Biden beginning his transition to the White House have made investors bullish. There is hope on...

Another awesome day is underway on the gold market gridlines… for eager accumulators of the world’s greatest asset! The fabulous weekly gold chart. The $1788 support zone is my focus for fresh buying. 

Well, let’s start with the “shallow people.” And, within the context of markets, I am specifically referring to those with shallow and superficial perspectives about markets.

There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar. However, the government does not set the value of the dollar. So there is no way to reset the...

Vaccines are coming. But so is the debt crisis. What does it imply for gold? COVID-19 cases are still rising at an alarming rate in the United States. As the chart below shows, the rolling 7-day average of new daily infections stays above 160,000.

November 23, 2020

The best performing precious metal for the week was platinum, up 6.26 percent, as hedge funds boost their net-long position to a two-year high on expectations platinum will find new demand in the green hydrogen space as the catalyst for electrolysis to liberate...

When making decisions regarding the gold mining stocks sector, some will choose to follow price actions, while others will use indicator tools. The Gold Miners Bullish Percent Index ($BPGDM) is one such tool, essentially being a gauge of overbought and oversold...

Confidence in American politics is now rarer than gold. The U.S. election system, once sacrosanct, is losing the trust of half the country. Which half will depend on the outcome of Donald Trump’s efforts in the courts to demonstrate widespread frau

November 22, 2020

Last week's trading saw gold once again forming its high in Monday's session, here doing so with the tag of the 1898.00 figure (December, 2020 contract). From there, a sharp decline was seen into Thursday's session, with the metal dropping all the way down to a low...

The past almost 3 weeks prove the point made here last week: the US of today is far removed from what it used to be during the years before and for a few decades after WWII. The physical and emotional violence of the past four years, culminating in as yet unproved...

If you are a Gold Bull, which without saying you are (else you'd lack the common sense to be reading this piece, let alone own Gold directly or by right), then this is your kind of market "correction" wherein price rather than falling is merely consolidating. That's...

SPX is correcting its break-out phase from 3434 to 3646.  How much of a correction and for how long will depend on whether it can remain above the 3512 pull-back or not.  Odds appear to favor a deeper correction at this time.

On Monday November 16th, the Dow Jones made its first BEV Zero in the Bear’s Eye View Chart below since last February, but fell short of taking out 30K by about fifty points.  With four days left in the trading week, one could be forgiven to assume on Monday night...

November 21, 2020

As I peruse my favourite website in search of technical patterns for various commodities and stocks, I am reminded of the soon-to-be-immortal words of former stock salesman and current Fed Chairman, Jerome Powell where he announced a major shift in policy related to...

Our proprietary cycle indicator reverses down this week. Gold sector remains on long-term buy at the end of October. 

November 20, 2020

My researchers and I want to highlight a Weekly chart pattern that is warning of a potential Top/Reversal in the SPY & SPX.  Although the current trend is Bullish and the markets are looking forward to the new year, new policies, and probably new stimulus which...

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

The year 2020 will be remembered for many things, not many of them good. However, we will also recall 2020 as the year the LBMA/COMEX consortium nearly failed, and then since that event in late March, it has also been the year when the CME Group, in a desperate...

The mid-tier gold miners’ stocks are in this sector’s sweet spot for upside potential. After a spectacular run since March’s stock panic, they have been correcting since early August. That is doing its necessary work of rebalancing sentiment, paving the way for the...

In this 12-minute MAM Chat, Egon von Greyerz and Matthew Piepenburg discuss the current and popular topic of an eventual “return to normal” once COVID conditions are eventually behind us, ideally upon the attainment of an effective vaccine/treatment protocol. 

This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank digital currencies will simply run out of time.

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