In short, practically everything that I wrote in Monday’s analysis remains up-to-date. The profit-take levels in silver were hit, so those of you who chose to hold a short position in silver have likely reaped nice profits yesterday. Congratulations!
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.
May 12, 2022
May 10, 2022
While the USDX rushes up without looking back, gold is running... out of power. What could the next dollar highs mean for the precious metals market?
The main themes for the world’s major markets are the 2021-2025 war cycle, the inflation and interest rates cycle, the horrifying overvaluation of the US stock market, the rise of Chindian citizens as global economy leaders, outrageous debt, and the role of gold (...
Last Wednesday’s rate hike by the Federal Reserve failed to convince investors that the central bank can tame inflation without wrecking the economy.
May 9, 2022
The Federal Reserve hiked rates 50 basis points last week. Powell took a 0.75% hike off the table and implied 0.50% hikes in June and July. Markets reacted higher initially but rolled over on Thursday and into Friday. There is a good chance we will see continued...
Friday’s analysis took a rather extensive form, so now I’ll briefly introduce today’s technical part. Practically everything that I wrote about the medium-term (bearish) outlook for the precious metals sector remains up-to-date. Only the short-term situation was...
The old saying, sell in May and go away, could prove useful in 2022. The storm clouds are gathering, and I see the potential for a technical breakdown in the Dow.
May 8, 2022
With reference back to our 02 April missive entitled "Gold Seeks Support as its Trend Flips Short", price this past Monday and Tuesday finally tested the uppermost area of said 1854-1779 critical support zone; Gold then bounced a bit in settling its weak week...
As in early March, this week the Dow Jones closed below its BEV -10% line. Could this become a bad habit for the stock market, and what comes from there? Keep your eyes on the Dow Jones’ BEV -5% & BEV -15% lines. Whichever is first crossed, may be the key to...
Last week's trading saw Gold dropping sharply to start the week, w
May 7, 2022
The Strategic Investment Conference is in full swing. This is our 18th consecutive year and the third in an all-online virtual format. In 2020 we had to make that transition quickly, yet somehow the team pulled it off. Now we are getting the hang of it—though I do...
We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions.
Our proprietary cycle indicator is DOWN. GLD is on short term sell signal. GDX is on short term sell signal. XGD.to is on short term sell signal. GDXJ is on short term sell signal.
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
May 6, 2022
The U.S. economy contracted 1.4% in the first quarter, leading some investors and analysts to raise the specter of the dreaded “R” word: recession. This, combined with historically high inflation and expectations that the Federal Reserve will raise rates faster than...
The fundamentals of the big US stocks dominating the major indices are more important than ever. The US stock markets increasingly look to be rolling over into a new bear on extreme Fed tightening. How the leaders are faring will help determine whether or not that...
Due to its unique properties, gold was one of the first metals discovered by mankind. The precious metal doesn’t rust or corrode, is malleable for artwork or jewelry, and conducts heat and electricity.
A day after the Federal Reserve Bank drove a rusty spear into the heart of a supply-anemic, barely beating U.S. economy (GDP contracted 1.4% in the first quarter of this year), stocks dove head first into the next major decline. A day after the Fed and its...
May 5, 2022
With investors hitching their wagons to the Fed’s horse on May 4, they still believe that Chairman Jerome Powell can accomplish the impossible. Therefore, it’s all about following the man who will lead you to prosperity. However, while market participants’ faith in...
“The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists.”
The big picture here is clear and it is essential to understand that it represents a very significant paradigm shift. Whether it is online or offline, whether it is through a mobile app, an exchange or even through physical contracts, ownership titles to gold...
May 4, 2022
With the US economy still on fire and inflation galloping, the Fed has to react firmly. What will happen to gold after the dovish stance changes?
Last week’s release of first quarter GDP data was a disappointment, as GDP sank by 1.4%. Analyst expectations were calling for a rise of 1%.
As gold surged into my sell zone at $2000/ounce, I laid out the $1835-$1775 area as my preferred “rebuy” zone for investors, with a focus on the miners.
Analysts at Goldman Sachs are now predicting that recession “will push gold to $2,500”. That is an increase of 32% from current levels.
May 3, 2022
Inflation, it has been said, comes as a thief in the night, and that it has. The famed British economist John Maynard Keynes warned of the dangers impressed upon an economy by inflation in his 1919 classic, The Economic Consequences of Peace. “Lenin was certainly...
May 2, 2022
Gold has done nothing unusual and in fact it has done as would normally be expected. In February it began to rally out of the base on the daily (futures) chart below. Driven by war (easy on the war, terror and pestilence bull rationales dear gold bugs) and inflation...
Well that didn’t take long. When GDP on Thursday morning revealed we are, in fact, crashing into recession, and the market flew like a released bird into the heavens, I noted in my last article that the market’s lunacy was just what I expected from delusional...
May 1, 2022
Last week's trading saw Gold once again forming its high in Monday's session, here doing so with the tag of the 1935.50 figure. From there, a sharp decline was seen into Thursday, with the metal dropping all the way down to a low of 1870.90 - before bouncing off the...
Yes, Gold's price continues its lower grind, (the current Short trend in mind), but 'tis the Fed that's in a REAL bind. StateSide annualized REAL Gross Domestic Product (GDP less Chain Deflator) just shrunk for the third successive quarter (-3.7% in Q3 2021, -0.2%...