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.

 

June 12, 2021

Our proprietary cycle indicator is up. Gold sector remains on long term BUY at the end of May. Long term – on major BUY signal. Short term – on mixed signals. Gold sector cycle is up, Be long and stay long.

June 11, 2021

Gold endured a 20% correction over eight months. A 15% rebound followed that in two months. It has retraced some, but not a majority of the losses. This action is all part of the handle of a super bullish cup and handle pattern.
The recent jump in the Consumer Price Index (CPI) generated a lot of attention, with consumers noticing a wide range of price increases while the Federal Reserve and its apologists insist it is only "transitory." This in itself is rather peculiar, given that the Fed...
Gold had a remarkable 2020, gaining 22% for the calendar year on a “perfect storm” of factors, namely: Torrid safe-haven demand driven by fear of the coronavirus and its economic fallout;
The gold miners’ stocks have been drifting sideways to lower in recent weeks, fueling bearish sentiment.  With their short-term upside momentum stalled, the great majority of analysts and traders seem worried about a deepening selloff.  But this young gold-stock upleg...
We left May in the rearview mirror, and as the chart below shows, it was the second positive month in a row for the yellow metal. Gold rose 7% last month – this is 12.3% since the local bottom on March 31, 2021. The jump was driven mainly by inflation fears, a weak...

June 10, 2021

The S&P500 moved to within a smidgen of a new record high earlier this week. Based on this benchmark stock market index’s recent performance, all seems well and good for risk assets.
Gold prices have risen by around $200 since the March correction. However, for around two weeks they seem to be stuck near the $1900 mark. Peter Schiff, CEO of Euro Pacific Capital and a renowned financial commentator, is saying that gold bugs have no reasons to worry...

June 9, 2021

As I reflect back upon the events of the past twenty-one months, I have some difficulty remembering what our lives were like before this man-made pathogen threw the global economy into chaos. An excellent article by former New York Times journalist Nicholas Wade called...
If you're a gold investor, then you've likely read of the NSFR of Basel III, which are due to be implemented by the EU-based Banks at the end of this month. Well, here's something else to consider.
In the current environment of rising inflation and easy monetary policies, the value of gold could potentially go sharply higher from recent levels. Unlike many traders out there, the successful gold investor has learned to “see the forest through the trees.”
There are times when gold is an okay inflation hedge, while under-performing the likes of industrial metals, oil/energy, materials, etc. During those times, if you’re doggedly precious metals focused you should consider silver, which, as a hybrid precious metal/...
Let me translate – We at The Fed have to pretend that we might one day stop QE, but we know in truth that we can’t. The last time we tried tapping our foot lightly on the brake we blew up the markets. We are trapped. We know it. You know it. But we need to pretend...

June 8, 2021

According to the recent BLS Employment Situation Report, total nonfarm payrolls rose by 559,000 in May, following disappointing increases of 278,000 in April, as the chart below shows. What is disturbing here is that this time the US economy also added significantly...
You can’t tell if the forest is on fire just by blindly touching one tree. The gold tree might feel cool now, but what about other ones – silver and stocks?
The “I” word is… inflation.  If a serious inflation cycle is beginning, a lot is going to change for the fiat-oriented citizens of the United States, and not in a good way.
After decades of concerted effort by governments and central banks, the focus away from gold as money has led to its characterization as an investment, a hedge, insurance, etc. Some still refer to it as a barbarous relic. Are any of these descriptions valid?
While some of you think that I dismiss your comments to my articles, I will be honest with you that some comments make me think, whereas some just make me scratch my head.

June 7, 2021

The best performing precious metal for the week was palladium, up 0.73% on expectations of strong automobile production, perhaps tempered by the chip shortage. Palladium supply, however, has been restrained by flooding at one mine in Russia. Sibanye Stillwater may buy...
‘Taper’ talk from the Federal Reserve is back in focus. But for now, it’s all talk and no action. Last week, former New York Fed President William Dudley said the central bank will begin the process of tapering – winding down its monthly asset purchases – by year end.
Gold and silver prices experienced quite a roller coaster ride over the last few days. Given the fast recovery on Friday, we see two potential scenarios for the precious metal markets to unfold. Gold – Healthy Pullback or Escalation Until Midsummer?
With the current situation suggestive of a Monty Hall problem, investors are clinging to the first, bullish door. But what if a different option is more likely?
History is a funny thing, almost as funny as human nature. The policy makers, including their latest meme of “transitory inflation,” are no exception to such psychological tragi-comedy. In short, we don’t see inflation as “transitory.”

June 6, 2021

There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 before major cycles take over, and it ends.  A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its...
Last week's trading saw Gold forming its high in Tuesday's session, here doing so with the tag of the 1919.20 figure. From there, a sharp decline was seen into early in Friday's session, with the metal dropping all the way down to a low of 1855.60 - before rallying...
Excerpt from the book Human Action: Men have chosen the precious metals gold and silver for the money service on account of their mineralogical, physical, and chemical features. The use of money in a market economy is a praxeologically necessary fact. That gold—and not...
Per last week's piece, you know that Gold settled the month of May at 1904. We next see it settling this month of June nearer to 1800.
This week closed with the Dow Jones’ BEV at -0.06%.  In dollar terms the Dow Jones has to advance only twenty-two dollars to once again make market history with a new all-time high.  That will be BEV Zero (0.00%) #30 seen below since its March 2020 BEV -37% flash-crash...

June 5, 2021

As I reflect back upon the events of the past twently-one months, I have some difficulty remembering what our lives were like before this manmade pathogen threw the global economy into chaos. Reading an excellent article by former NY times journalist Nicholas Wade...
The S&P500 failed a breakthrough on Thursday and tucked its head back below its 4200 ceiling again, where it has remained range-bound for weeks. Job news on the economic front that many analysts toasted as great could not lift sentiment out of the doldrums on...

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