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.
March 21, 2023
Are my bank deposits safe? Was SVB an anomaly? Will more banks fail? While FTX was allegedly a clear case of fraud, SVB’s collapse was different. It was a result of a duration mismatch of its balance sheet and high-interest rates.
It’s the weekend, but our fresh Financial Crisis does not sleep. And a recent study says we’ve only seen the tip of the iceberg. The Washington Post wrote: “If banks were suddenly forced to liquidate their bond and loan portfolios, the losses would erase up to 91...
For those that have followed me through the years, you would likely remember at least one of the many major market directional calls we have made in many different markets through the years. And, while this list is clearly not all-inclusive, it does represent some of...
The best performing precious metal for the week was silver, up 10.16%, in response to the strong move in gold. Gold rose to a near six-week high, reports Bloomberg, as ongoing market turmoil linked to Credit Suisse Group AG spurred demand for havens.
Last week the banking crisis was in the US, as Silicon Valley Bank experienced a bank run, which led to its incredibly rapid demise.
In my last update, a few days ago, I thought that the dollar looked like it may have completed an intermediate top, and gold an intermediate bottom.
March 20, 2023
To pivot, or not to pivot? That is the question Fed Chairman Powell will have pondered over the weekend while tending chicken breasts, franks and burgers spaced meticulously on the grating of a 148,000 BTU grill.
Anyone who doesn’t see what is happening will soon lose a major part of their assets either through bank failure, currency debasement or the collapse of all bubble assets like stocks, property and bonds by 75-100%. Many bonds will become worthless.
March 19, 2023
The favored NFTRH plan is working out well as we planned the Q4 (2022) – Q1 (2023) rally back in November and as lumpy as it has been, it is intact to this day. Amid the fade in the inflation trades, our projected leadership (Tech and Semi, amid a disinflationary...
Events this past week are indicative of what could be a more formidable problem for the Fed, investors, and the economy. Before we talk about that, lets first emphasize the key point made in my article SVB, MMT, TNT.
We begin with this penned from two missives ago: "...two robust up weeks from here could end the Short trend with the 2000s then in the offing..." And that's exactly what Gold did unfold, price ascending from as low as 1813 two weeks ago to as high as 1994 just...
Fears of bank runs precipitating a broader financial crisis helped spark a surge in bullion buying this week. The collapse of Silicon Valley Bank represents the second largest bank failure in history. While Treasury Secretary Janet Yellen insisted this week that the...
After the painful decline in stock prices last year, many investors have clearly come to the conclusion that this now represents another terrific buying opportunity. And if you look just at earnings-based valuation measures, you could be forgiven for thinking that,...
Adrian Day, the founder of Adrian Day asset management, returns to the show to discuss the recent Credit Suisse default swaps hitting a record high due to the SVB failure and the possibility of more banks failing.
March 18, 2023
Our proprietary cycle indicator is UP. Our ratio is on buy signal. Trend is DOWN for USD. Trend is UP for gold stocks. Trend is UP for gold.
March 17, 2023
The biggest gold-stock gains during major gold uplegs accrue in the mid-tiers and juniors. These smaller gold miners in the sweet spot for upside potential are just finishing reporting their latest quarterly results. How they are faring fundamentally affects their...
By now, you’ve likely heard about regulators closing down Silicon Valley Bank (SVB) and now Signature Bank as well. While I’m not going to go into all the details, the basic story is described well in this article on Seeking Alpha. Essentially, SVB received a large...
It's been a tough week in the banking sector, as just a few days after Silicon Valley Bank experienced a bank run, and several other regional banks came under pressure, Credit Suisse was back in the news on Wednesday as their share price dropped again after their...
Mario Stifano, CEO of Galantas Gold and Chairman of Dore Copper, joins the show. We discuss the recent SVB bailouts, how larger banks might face similar problems soon, and how this could lead to a surge in gold and silver investments. The question of whether the Fed is...
March 16, 2023
Matthew Piepenburg, Commercial Director at Matterhorn Asset Management, joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the ongoing Silicon Valley Bank collapse, and what it means for markets, gold, and Fed policy. Topics cover...
Last week we wrote about the inevitable bullish fundamentals for Gold. Recent events that followed our editorial signal that the inevitable is moving closer to imminent. Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to cease...
The Silicon Valley Bank fiasco is an in-your-face example of the systemic risk inherent in fractional-reserve banking. (see Elephant In The Room)
March 15, 2023
Since projecting the Q4-Q1 broad market rally back in November, we have been managing a macro transition within this rally. Based on the leadership of the Semiconductor sector and Tech, it has been dubbed a “Goldilocks” (inflationary pressures not too hot, not too cold...
What a week we had last week. As we came into the week, I said I was standing aside, as I was not sure how this would resolve. But, I was going to give the bulls the opportunity to prove themselves early in the week. So, I laid out a very specific path they would need...
With the apparent failure of Silicon Valley Bank (SVB) potentially causing a crisis in the American and even the global financial system, we will be treated to all manner of explanations, very few of which will accurately state the cause of these troubles: fractional...
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in eighteen months.
Peter Boockvar returns to the show, and we discuss the current SVB situation and whether more banks will fail. We also examine the impact of these bank failures on gold and silver prices. Additionally, we analyze the Federal Reserve's predicament with high inflation...
After a turbulent weekend in the banking system, that included the closing of Silicon Valley Bank, the Fed and the FDIC guaranteeing the deposits, and also concerns about other banks, there was a significant rally in gold and silver on Monday, as well as a lot of...
A look at currencies and correlate how that might relate to metals.
March 14, 2023
I think this statement probably sums up the current banking crisis most succinctly: “The American banks have a whole bunch of accounting tricks that they can play, to show earnings when earnings don’t exist, to show capital when capital doesn’t exist… totally...
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China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.
