All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term since March 2012.
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.
August 31, 2013
August 30, 2013
According to Bloomberg, whose calculations were based on Hong Kong customs data, net gold imports into China more than doubled in the first half of 2013 to 493 metric tons, up from roughly 239 tons over the same period in 2012.
The last several weeks have seen a return of all the ingredients for a gold rally, from an “oversold” technical condition which sparked a short-covering rally to a spike in Treasury yields which caused investors to look for safe haven investments. Gold has...
Syria is about the last gasp for the Petro-Dollar, the emergence of energy pipeline geopolitics, the rise of the NatGas Coop, the new dominance of Russian Gazprom, the eclipse of OPEC, the fall of the house of Saud, and a grand adjustment process in global commerce...
Gold’s precipitous decline in the first half of 2013 sent shockwaves throughout the entire mining industry. Its scary panic-induced 28% plunge over just six months has forced the miners to revisit their development plans. And this will no doubt have an adverse...
Yesterday, gold stopped a five-day rally that had pushed it to its highest since mid-May, and lost some of its safe-haven appeal as the chance of imminent U.S. military strikes against Syria seemed to diminish, and investors booked profits. We let our subscribers...
Recently Contributing Editor Morris Hubbartt has been providing his gold and silver market analysis via videos. Here are his latest videos:
The PRICE of gold fell $15 in London trade Friday morning, reversing the last of the week's 2.5% gain to sit flat at $1395 per ounce.
Successful parasites do not kill their hosts, yet the currently parasitic banking system seems to be unsustainable for this very reason. Like an ineffective parasite, the huge international banks have sucked the juice from and distorted their hosts— the economy, the...
August 29, 2013
The Gold/Silver ratio is currently just under 58:1. Many have cited that the Gold/Silver ratio should be roughly 16:1. This was an historic level that existed largely prior to 1900 during periods when both gold and silver were routinely fixed prices. The ratio as a...
My guess is many on Wall Street thought “no way” when they first heard the name Larry Summers mentioned as the possible next Fed chairman. Back on August 19 we made the argument that President Obama’s “artificial bubble” comments seemed to point to Summers, rather...
Gold could see new mega-highs according to two prominent international super-bank economists -- While all eyes have been on Syria, what might turn to be a much more insidious problem for the world economy has been bubbling below the surface – and for
China continues to hoard gold en masse, which is starting to have a dramatic impact on the gold price. Chinese gold consumption is up 50% to 706 metric tons (hereafter tonnes) in the first six months of 2013 -- and is most likely to overtake India as the largest...
These last few years have been exceptionally challenging for those who share in the belief that the endless flood of worthless paper and debt can only end with investors, consumers and citizens being forced to pay a bill they cannot even begin to comprehend.
Last week we wrote: “Technically, the gold stocks continue to follow a typical post-bottom rebound path and look very strong. The daily RSI of GDX is at a 10-month high as GDX consolidates around $30. We’d love to see GDX consolidate for a few weeks but it may...
August 28, 2013
The Federal Reserve is in a very tough position. Despite unprecedented amounts of stimulus, GDP growth is anemic, unemployment remains historically high, durable goods orders have plunged and rising rates are harming the housing rebound. If this is all that can be...
It has been a bumpy ride for precious metal investors over the past couple of years and it unfortunately I do not think it’s over just yet. The good news is that the bottom has likely been put in for gold, silver and gold miners BUT the recent rally in these metals...
Experienced investors know we are in an era where central banks are playing a much larger than normal role in the financial markets. The Fed has openly talked about money printing and asset prices during their unprecedented three rounds of quantitative easing (QE)....
Four hundred years of economic theory (and economic History) tell us that oligopolies (in any form) are totally parasitic behemoths, which should never be allowed to exist in any legitimate economy. Thus as the (only) Messenger broadcasting the need to whittle-down...
It seems that everybody is talking about the yellow metal and wondering where will the next local top form. When we take a look at the charts, we see that the price of gold has risen nearly 8% in August, as expectations receded that the Federal Reserve is set to...
U.S. Bear Raid on Gold and its Sale out East. In 2013 we have seen, so far a massive bear raid on the gold market in the U.S. led by the big banks, JP Morgan Chase and Goldman Sachs, who along with their clients engineered the price of gold down, first with massive...
The WHOLESALE price of gold touched its highest level since mid-May in London Wednesday morning, trading briefly at $1433 per ounce before edging $10 lower as European stock markets extended yesterday's losses.
August 27, 2013
The second half of the previous week brought interesting pieces of economic data and disturbing geopolitical news.
Why does hedging remain such a highly contentious issue for gold and silver miners...? THERE'S always a lot of talk about gold and silver miners and their hedging policies.
“Paper is poverty...it is only the ghost of money, and not money itself.” – Thomas Jefferson's Letter to Edward Carrington, 1788 -- The bottom for gold is now in as my graph proved this past Tuesday, August 20th. A couple of weeks ago, in another article I stated...
It is natural to compare the current precious metals’ bull market with that of the 70s, since there are many similarities between the two. Below is a comparison which illustrates some of the similarities between the two bull markets:
No significant changes from the previous update, except the short-term time-window of the broad stock market became neutral from bearish. The short-term neutral time-window is expected to last until 8/30/2013.
August 26, 2013
Not familiar with DrDoolittle but a few brief notes on the article. NUGT is compared with GDX. Both are ETFs and both are based upon the performance of the NYSE Acra Gold Miners Index (GDM). The NUGT IS NOT directly based upon the GDX.
It is understandable if many readers choose to view the current financial nightmare concocted by Western bankers as an “economic Hell”, however it would be only a moderately appropriate metaphor. To truly capture the quality and severity of the economic conditions...
Analyst Hubbart’s Video compares the bullish flag formation of GDX; and compares same to the 3X ETF (NUGT) that mirror’s the price movements. He sees potential for material profits in NUGT if GDX can reach its bull flag price target.