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. 

 

April 8, 2020

Mark O’Byrne, research director at GoldCore.com told IG TV that markets are likely in a long-term bull market for gold and silver and a bear market for equities as the pandemic weighs on the global economy and creates a recession or an economic depression.

Just like two weeks ago, premiums are expanding again between the spot price for gold and the front month futures price. It was generally accepted two weeks ago that this was a signal of physical tightness that was soon to be resolved, because the gold was simply "...

April 7, 2020

As a child, I used to get quite excited at the prospect of having my English "Gran" read me the Hans Christian Andersen book "The Emperor's New Clothes." I found the tale fiendishly amusing, as the charlatan tailor uses lethal doses of flattery and mystery to...

In just two weeks of March, around 10 million Americans applied for unemployment benefits. That’s more than during the Great Recession. What does it imply for the US economy and the gold market?

Gold bullion, the world’s “queen of assets”, has a majestic upside breakout from a large inverse H&S bull continuation pattern.

Here is my list of 10 gold and silver miners that I like a lot and have recently dropped in price due to this sell-off in stocks. Looking at the Upside Rating column, you will see that 2.5 is the lowest number. That means I expect these stocks to have big upside...

Gold surged 2.9% and silver by 5% yesterday, with futures leading the way higher with gold reaching it’s highest price in more than seven years.

April 6, 2020

The yellow metal and its fiat nemesis. Gold and the dollar certainly move not in a random relation to each other. The strength and direction of one taking the cue from the other changes over time, but what does it tell us about the present moment?

The best performing precious metal for the week was gold, off only 0.45 percent. The yellow metal is continuing its strong showing. Gold futures had its sixth straight quarterly gain in the first three months of this year – the longest stretch of gains since 2011....

London Bullion Market Association (LBMA) officials have loudly proclaimed there are plenty of gold bars in LBMA and COMEX vaults to meet surging demand from buyers. Unfortunately for them, confidence is particularly fragile these days and cracks are starting to...

The gold futures contract gained 0.49% on Friday, as it retraced more of the short-term decline following bouncing off $1,700 level in late March. The yellow metal is slowly getting back to the March 9 medium-term high of $1,704.30 again. Mounting pandemic fears are...

On Friday morning I created these charts on the price of crude oil, the energy sector stocks (XLU), and also the Canadian Dollar, which I think paint a clear picture of what to expect for the price of crude this coming week.

“Bad money drives out good money.”  When Gresham put forth this proposition, sovereigns were diluting gold and silver coins with metals of lesser value yet the diluted coins were given the same value for legal tender purposes as the more pure coins. Gresham observed...

April 5, 2020

SPX is likely to make its 80-day cycle low next week at a slightly lower level than where it closed Friday.  After which, it can start on the c-wave of its countertrend rally.

Last week's trading saw gold forming its low in mid-week trading, here doing so with Wednesday's tag of the 1576.00 figure. From there, a sharp rally was seen into Friday, with the metal running all the way up to a peak of 1652.80 - also ending the week at or near...

We're of the long-running belief that everything -- and then some -- is all but instantaneously priced into major markets, or at least sufficiently so swiftly that 'tis nearly impossible for the human trader to take advantage, save for those having steely guts and...

Usually I begin my weekly articles with a chart of the Dow Jones; but not this week!  This week the Federal Reserve’s “monetary policy” takes top billing as its weekly change in US Treasury Debt Holdings’ * 10Wk Moving Average * went from 18.23 billion up to 82.66...

A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week.  But this deluge of bad news didn’t seem to catch investors by surprise.

April 4, 2020

Gold has been on a bit of a wild ride lately, what with the economic effects of the coronavirus causing consumers to clean out most major retail gold outlets in the US.

Our proprietary cycle indicator is up, rising vertically from the lowest level in years. Gold sector remains on long-term buy at the end of March.

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

April 3, 2020

This is a long article. It's an educational article and a must read for anyone who invests in gold and silver mining stocks. If you have been analyzing gold and silver mining stocks for more than five years, then perhaps you can skip it. For the rest of you, put in...

Two important things happened yesterday. And no, the ridiculous rally in crude oil wasn’t one of them. Yes, it was ridiculous, because it was clearly based on just one indication from Trump that was not backed by anything, and in the crude oil market, it is rather...

Gold miners’ stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce.  That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks’ next major upleg...

We can only imagine what many of you are thinking and feeling right now.  Shock?  Concern?  Despair?  Some of you have already emailed us asking about the US and Global markets to find out what our predictive modeling systems are suggesting.  Today, we're going to...

April 2, 2020

The gold futures lost 0.33% on Wednesday, as it slightly extended its Tuesday’s decline. The market has retraced some more of last week’s Monday’s – Tuesday’s rally and it remained below $1,600 mark. On Tuesday, the yellow metal has reacted to news about Russia’s...

Suddenly, there is increasing public interest in gold. The financially aware will be scratching their heads over what’s going on in financial markets in the broadest sense and might have heard some unintelligible chatter about what is going on in gold. They are...

Just as people were overly optimistic before the stock market top, they can be too pessimistic right now. This is a real risk and we take it into account. However, the incoming data confirm our view expressed in the April edition of the Gold Market Overviewthat “the...

With mines, mints, and refineries closed around the world due to coronavirus, the demand for physical gold has blown through the roof. This has led to some drastic measures by the CME Group, which in turn may have unwittingly sealed the fate of the COMEX and the...

This morning we are going to look at an array of important factors pointing to another severe drop in the broad US stockmarket imminently, both factors external to it and indications on the charts for the S&P500 index (and other indices which we won’t have time...

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