Gold’s recent pullback looks to be bottoming, despite ongoing aggressive Fed hawkishness. In recent weeks the yellow metal has consolidated high, defying aggressive Fedspeak, another big US-jobs upside surprise, and hawkish rate forecasts from top Fed officials. ...
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 16, 2023
A lot of analysts were looking for a turn in the markets after the Fed meet, and it could still happen because option expiry day is today.
The Bank of Canada paused its rate hiking cycle in January but then hiked rates at its last meeting. The Royal Bank of Australia paused in April but then had to start hiking again in June. The Fed also paused at its June meeting or at least skipped a rate hike. This...
News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual dog-and-pony show, a budget deal was reached. But was it progress? It was a foregone conclusion that the debt ceiling would be raised, yet again...
While Jerome Powell and the governors at the Federal Reserve assert that the economy is strong and well, the signs that this isn't the case continue to emerge in the economic data. And in today's episode of the show, Dave Kranzler looks at the evidence supporting...
June 15, 2023
Yesterday’s FOMC and the following press conference were groundbreaking. Rates stayed, but Fed said about raising them twice this year = no U-turn!
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Tuesday, and according to the report, price inflation during May decelerated, coming in at the lowest year-over-year increase in twenty-six months.
As noted in yesterday’s post, a Fed rate pause for June is the overwhelming expectation after inflation – as measured by mainstream economists – increased at its slowest rate in 2 years. All to plan, folks.
This week for Ask an Economist, I have a question from retired CPA, Nicholas G. He asks, “why is so much attention paid to the somewhat artificial and easily manipulated unemployment number instead of a "hard" number such as the number/rate of employment amongst the...
In this video, we sit down with Dr. Marc Faber, editor, and publisher of Gloom, Boom, and Doom Report, about the global economy, Federal Reserve, and potential black swan events.
Rick Rule, legendary resource investor & speculator discusses his specific process and criteria for evaluating gold and silver companies and all resource companies.
I warned traders that this would probably happen, that we would at most intermediate declines, have a b wave bounce that's very convincing, and I got several emails from people telling me that the gold had bottomed and that I was missing the rally when we came out...
June 14, 2023
The emphasis on “NOT” in the title of this article is critical to a better understanding of what inflation is – and isn’t. We hear all the time: “Inflation rose sharply last month as consumer prices increased by .6%”, or something similar.
In October, I was calling for a major low, and a rally to the 4300+ region. At the time, most of the market was expecting much lower, mostly based upon the worse-than-expected CPI report published that month. Yet, that news actually ignited the 20% rally off the low...
With inflation fading as yesteryear’s news, Goldilocks continues to hold sway. It’s been a year now that this website and its resident market service have been managing the coming end of the hysterical inflation situation. You can click the graphic to read the...
In this video, Rafi delves into the hidden truth about the fate of money and the Federal Reserve's role in the financial system. Rafi explores why this system is on the verge of explosion and requires increasing inflation.
June 13, 2023
In the fiat-obsessed West, the number 13 is considered unlucky. Today is the 13th of June. Will it be unlucky or vibrant, for the gold bugs of the world?
Very little happened in gold and miners yesterday. As the USDX is hesitating, so do PMs. The biggest component of the USD Index tells what’s next. The biggest part of the USD Index (with 57.6% weight) is, of course, the EUR/USD currency pair.
Mainstream media has been relatively quiet about bank failures lately. Has the risk of more bank failures decreased; or has the gravity of the situation lessened?
The most robust performing precious metal for the week was silver, gaining 2.6%. G Mining Ventures has signed a binding agreement with CEMIG to supply the Tocantinzinho Project with cost-effective renewable energy.
The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The issue of whether it turns out that the US Treasury for a few weeks has been slow in servicing its debts—with all delays...
Jeffrey Tucker, a writer, publisher, and entrepreneur, returns to the show to discuss the current banking crisis and its potential implications. Jeffrey highlights the accelerating rate of decline in the money supply, a phenomenon rarely seen before.
Nobody knows better than longstanding gold and silver bugs that prices don't always reflect positive fundamentals. The U.S. recently experienced the highest price inflation in decades. Demand for physical bullion surged to record highs in response to that and the...
There are three clear historical comparisons for Gold. These are the 1964-1965 period, the 1968-1972 period and 2009. The first is, the mid 1960s, which we argued, in another video, was the best comparison. Gold is on the cusp of a significant historical breakout....
June 12, 2023
When Humpty Dumpty fell off the wall and took a big fall, “all the king’s horses and all the king’s men could not put Humpty-Dumpty together again.” I see a similar fate for the US debt egg, whose cracks are just about, well… everywhere.
The Biden Administration can count on Wall Street to celebrate meaningless economic data and bogus GDP growth with steep rallies, even as the visible economy continues to implode.
NY Times Bestselling Author and Founder of the Bear Traps Report, Larry McDonald, joins us today to discuss the alarming economic trends since COVID and the potential crisis in the banking sector.
June 11, 2023
As you regular readers know, Gold’s weekly parabolic trend confirmed flipping from Long to Short at the close of trading back on 26 May per the August (now front month) contract price of 1963. Since then, price has barely been lower than 1950 and instead briefly...
Last week ended with a very strong advance on Friday. I was hoping there would be some follow through this week on last Friday’s advance, but that wasn’t to be. Still, the Dow Jones gained 114 points (0.34%) from last week, and that is better than a big decline.
This article is a primer on the Chinese gold market, more specifically the Shanghai International Gold Exchange (SGEI). The SGEI facilitates “offshore” gold trading in renminbi and can play a crucial role in de-dollarization, as it allows countries to use renminbi...