The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced...
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.
March 30, 2020
March 29, 2020
Last week's trading saw gold forming its low in Monday's session, here doing so with the tag of the 1484.60 figure (April, 2020 contract). From there, a slingshot higher was seen into Wednesday, with the metal running all the way up to a peak of 1699.30 - before...
If one were told that Gold: recorded its "largest-ever" points up-change for a single trading day, (+109 on 24 March), and further that it... recorded its "largest-ever" points up-change from low-to-high across two consecutive trading days (+214, 23-24 March), but...
Let’s begin this week with the daily bars chart for the Dow Jones. What’s there to say except since February 21st, market volatility has become historic. This week from Monday’s close to the close of Thursday (the high of the week) the Dow Jones advanced 3,960...
“A minor cycle low coming next week could lead to another quick spike, but we will have to wait until the second week in April for something more important to develop.” You can see by last week’s summary that I had not expected that much of a rally. If we do not...
“Boot strapping” is an electrical term used to perform a “black start” or a complete “cold start” of a complex electrical grid after a catastrophic failure. The East Coast blackout of 1965 was one such occurrence. Another was on the Gulf Coast after hurricane Rita...
March 28, 2020
A number of factors influence gold prices (mainly the US dollar, gold ETF inflows/ outflows, inflation rate, bond yields, safe haven demand, physical gold demand, gold supply) but none is more reliable than real interest rates.
Our research team continues to dig into underlying patterns and set up in the global markets to assist skilled technical traders in understanding the current Covid-19 virus event and other key technical data. Recently, we’ve authored a number of detailed research...
Gold is currently showing some strength, with a price over $1600. However, there is still a lot of paper gold selling (where the spot price is determined), and there is no clear direction in price. In fact, I have been saying all year that until silver gets above $...
Our proprietary cycle indicator is up, rising from the lowest level in years. Gold sector remains on long-term buy at the end of February.
March 27, 2020
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Jayant Bhandari, in conversation with Maurice Jackson of Proven and Probable, outlines dire consequences for Third World countries as a result of coronavirus, and mentions a handful of investments now at bargain prices.
While other precious dealers are sold out of most inventory, Money Metals Exchange, the national online dealer voted “Best in the USA,” today introduced its new Vault Metals program. This unique initiative would make precious metals available to investors at very...
In the summary of Friday’s Gold & Silver Trading Alert, we wrote the following: This rally might make one feel bullish - after all, the prices of miners are likely to soar soon. Please be sure to keep in mind that what we saw was the first big wave down of a...
The Government and the Federal Reserve are exploiting the virus crisis to implement another bailout – or attempted bailout of the “Too Big To Fail Banks.” The stimulus Bill approved 96-0 by the Senate gives the Fed a $454 billion taxpayer funded “slush fund” for...
There’s more evidence finally surfacing in the media of the dire energy predicament the world is now facing. The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped...
March 26, 2020
The past few weeks have brought unprecedented volatility to the bullion market. In addition to wild swings in spot prices, Money Metals has experienced a massive surge in demand and extreme strain on supply, leading to a spike in premiums (on both bids and asks).
On Monday, the Fed pulled out an even larger bazooka than it did previously. Or, forget about the bazooka. The US central bank has gone nuclear! Indeed, the US central bank announced extensive new measures to support the economy. On March 15, the FOMC had announced...
The gold futures contract lost 1.65% on Wednesday, as it retraced some of its Monday’s – Tuesday’s rally after Sunday’s Fed unlimited Quantitative Easing announcement. Yellow metal has retraced all of the recent sell-off, as it got back close to March 9 medium-term...
In this last segment of our multi-part research article, we want to highlight our expectations of the Covid-19 virus event and how the next 6+ months of global market activity may play out. We've covered some of the data points we believe are important and we've...
March 25, 2020
Headline’s gone wild today. For example, one public gold company CEO tweeted: “Today, some banks failed to deliver physical in the COMEX bar EFP. As a result, these banks suffered large losses…There remains a big shortage in physical in the COMEX denomination. So,...
Today, the global gold spot markets broke down as prices varied considerably from the different exchanges. Moreover, U.S. Mint sales of Gold and Silver Eagles surged again this week. Gold Eagle sales are so strong in March; they jumped 1,700% compared to February...
Yesterday really did not happen. How could we have seen a 10% rally when there was nothing to cause it? Did we see an announcement about the eradication of the coronavirus? No. But, we did get more news of rising numbers of infected.
In the 1960s, French politician Valéry d'Estaing complained that the United States enjoyed an “exorbitant privilege” due to the dollar’s status as the world’s reserve currency. He had a point.
I said yesterday morning that amidst all the Corona War mayhem, a move over $1550 for gold would be incredibly positive. The spectacular gold chart.$1550 is now support!
March 24, 2020
Many times a day, we are asked what we think will be the impact on gold prices of the enormous money-printing by the Fed. We think the impact is much greater than you might imagine because it is in combination with huge fiscal stimulus. In a nutshell, we think the...
If the title of this article is in any way disturbing or seems incorrect to you, then I sincerely recommend that you read it through carefully and completely. It was written for your benefit. People are obsessed with the price of gold. That is not surprising, given...
The best performing metal this week was gold, down just 2.04 percent. BullionStar, a bullion dealer in Singapore, has seen a record number of orders, order revenue and number of visitors to its center over the past month, according to a post on its website and as...
A huge spike in demand for physical precious metals has decimated available dealer inventories. The vast majority of gold and silver coins, rounds, and bars are either out of stock or come with extended shipping delays.
The gold futures contact gained 5.59% on Monday following Sunday’s Fed unlimited Quantitative Easing announcement. Yellow metal has retraced almost half of its recent sell-off, as it got back above the $1,550 level yesterday. Today, gold is extending that short-term...