The only reason (in my view) as to why gold and silver are not rising is that traders are preferring to average it out in their crypto currency investment or meet margin calls in crypto currency investment. There is no other reason. Crypto currencies are not yet in...
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.
December 7, 2021
From time to time I am fortunate enough to have conversations with Chris Powell of GATA, who discusses his opinions on all matters concerning the gold market. Powell and Bill Murphy have done so much to expose the manipulation of the gold markets by the U.S....
This week, I am keeping my post simple, as I am really short on time. For those that follow my analysis through the years, you would remember that I turned strongly bullish as the S&P 500 approached the 2200SPX region in March of 2020. But, if you also remember...
In this brief yet thorough presentation for the 2021 International Precious Metals & Commodities Conference (Edelmetallmesse) in Munich, Matterhorn Asset Management founder, Egon von Greyerz, makes a clear, data-supported argument for gold ownership and the...
December 6, 2021
The dollar looks poised for another rally, to gold’s dismay. So, what’s the price target for the greenback over the winter months?
Last week we saw from a chart of the steep and narrow rising wedge on the S&P500 that Wall Street is teetering on the edge of a cliff. After a weaker close the previous Thursday and Friday, Monday last week started with a BANG out of the blocks in Asia to ensure...
Early indications on Omicron virus suggests that it is hitting the “double vaccinated” more. USA, UK and half the world population is “double vaccinated”. If omicron hits mainly the “double vaccinated” then there will be a global slowdown.
Mr. Market blew a great opportunity on Friday to scare the hell out of everyone, concluding the session with a mild short-squeeze rather than the devastating rout that Wall Street's years-long wilding spree so urgently needs.
December 5, 2021
Patrick Karim discusses the critical levels that silver, gold and bitcoin are all at right now on the charts.
In completing its 48th trading week of 2021, Gold settled yesterday (Friday) at 1784. 'Twas the eighth week this year that Gold has settled in the 1780s (the first occurrence being on 19 February). Indeed, Gold's median weekly settle price year-to-date is 1788. Yet...
This week, the Dow Jones closed below scoring position, more than 5% from an all-time high three times; on Tuesday, Wednesday and again on Friday. This is something that has not happened in the past year; three daily closes outside of scoring position in a single...
December 4, 2021
I had thought that prior to this week, I had seen pretty much everything when it comes to the financial press shoveling out Wall Street “spin” in order to proper up the markets prior to the end-of-year bonus-calculating period. I was wrong.
In this video, I’m talking about yesterday’s rally in gold, what it changed and, most importantly, what it didn’t change. Did you know that gold price declined by just $1.60 last week (0.09%)? Gold stocks (the HUI Index) declined by almost 4%! Let’s just say that...
Long term – on SELL signal. Short term – on sell signals. Gold sector cycle is down. We have liquidated all of our positions and currently in cash during this down cycle.
Conventional wisdom holds that stocks and gold are inversely correlated, which is to say they move in opposite (or at least unrelated) directions because they serve different purposes in a typical portfolio.
December 3, 2021
The gold miners’ stocks continue to vex contrarian traders, toying with herd psychology. They blasted higher to a key technical breakout in early November, building bullishness. But that was soon dashed on the rocks as they plunged into late November, fueling...
“So you think that money is the root of all evil. Have you ever asked what is the root of all money?” -Ayn Rand Money used to be a stable medium of exchange and a store of value but that was in the days when there were sound monetary principles, mostly backed by...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts.
As we enter into the last month of 2021, I believe that many who were hoping for a return to “normal” after 2020 are a bit disappointed. While the economy has opened up a bit there are still a myriad of problems that have been created that will likely not be...
December 2, 2021
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason. But also, speculative capital floods into...
The hawkish revolution continues. Powell, among the screams of monetary doves, suggested this week that tapering could be accelerated in December!
The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand.
US democrats and republicans continue their exuberant battle over who is the best steward of the nation’s fiat money system. Interestingly, a key question may be: Is this really a battle worth fighting?
December 1, 2021
You see a commodity going down, then it reverses and starts teasing you with an upward move… only to end up declining further. Is this the case now?
During the 1923 Weimar Republic hyperinflation, newly-broke Germans burned their life savings to keep warm or carted wheelbarrows of cash to stores to buy bread and milk. This wipe-out of an entire generation’s wealth led directly to Hitler and WWII, arguably the...
Wyoming, Texas, and South Dakota are the three most pro-sound money states in America, according to the 2021 Sound Money Index. Meanwhile, Vermont is ranked absolutely last.
Embedded sell signal in mining stocks for now. Here's our problem for gold: The price needed to retest the previous intermediate cycle highs...
Federal Reserve chairman’s U turn on inflation and taper will only increase volatility. He said that taper will be faster than expected and that inflation is not transitory. Omicron virus and the unknown will still affect price moves in metals and energies. Traders...
November 30, 2021
Did you enjoy your roast turkey? I hope so, and I hope that its taste – and Thanksgiving in general – sweetened the recent declines in gold prices. As the chart below shows, the price of the yellow metal (London P.M. Fix) plunged from above $1,860 two weeks ago to...
Let’s start today’s analysis with a question that I just received: Now that gold, silver and the miners are oversold, what kind of a bounce do you expect? Why not take profits and re-short at a higher level?