Investors are obsessed over predicting the timing of the Fed’s first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or...
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 29, 2015
June 28, 2015
News which has dramatically altered the Greek situation and is expected to have an immediate impact on the worlds’ markets came out after the close on Friday. If nothing has changed by Monday morning, a sharply lower opening is expected. If so, this could be the...
Last week, I warned of a possible Head and Shoulders Pattern Top looming. Back in the 1980’s, I learned how to do minimum down side measures by measuring the distance from the head to the neckline and then adding it to the neckline.
What was predicted for China has started to happen with the dramatic failure of its parabolic uptrend just over a week ago leading to a plunge. The update China Crash was posted when all indicators were at “nosebleed” levels late in April, right after which the...
Since the narrowly averted implosion of the financial system in the fall of 2008, we are now in the 7th year of global monetary policy experimentation. Although the Federal Reserve stopped its “quantitative easing” program last year, other central banks are now...
Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the...
June 27, 2015
That title pretty much sums up the state of Gold in our recent missives. Arising each Saturday at 04:00 Pacific Time to compose The Gold Update is an informative (we hope) labour of love. However, mere hours from now at 17:00 CET in Brussels, the EuroZone Finance...
Many Swiss gold exports continue to show key proportion of mainland Chinese gold imports are bypassing Hong Kong altogether. Switzerland is the largest conduit for global gold exports with a number of refineries specialising in importing good delivery gold bars and...
This coming week could be very telling. China just ended a disastrous week and finished just whiskers away from entering bear market (-20%) territory. Credit markets all over the world are weakening and yields are rising. Greece will not make their June 30 payment(s...
Trading volume on the Shanghai Gold Exchange for the benchmark contract soared this week to the highest on record, according to data on Bloomberg, going back to 2002. The Shanghai Composite Index dropped more than 10 percent in the last two trading days of this...
Last year, the rage was the record-setting number of coins various mints were selling to the public, such an incredible demand that would surely impact the demand factor for gold and silver. Then the focus changed to how many tones China and Russia were buying each...
Gold sector is on major sell signal. Cycle is down. Traders should be in cash or short.Silver is on a long term sell signal and investors should be in cash or short. COT data reveals that speculation is close to levels of previous bottoms.
June 26, 2015
Gold futures were going bonkers in the fall of 2013 and early 2014. On a weekly and sometimes daily basis, unbelievably massive gold contracts were coming on the market at non-peak trading hours, only to be withdrawn almost instantaneously. In one particularly...
DOW, Gold & Silver, GDX & GDXJ And Junior Key Stocks analysis via videos.
Gold and silver are languishing near major lows, trudging through the barren sentiment wasteland of the summer doldrums. The major factor behind this weakness is extreme shorting by American futures speculators. But their heavily-bearish bets are actually very...
"Don't push a bad position"! This is good advice in many varied quests. It is good advice in games like chess or poker. Also good advice in sports, business, politics, geopolitics and certainly in militarily ventures. Today we will look at two separate issues...
USD has been in correction since the hysterical March top. The daily chart shows a series of lower highs and lower lows that was interrupted last week when USD failed to make a lower low, Hammered and bounced… right to the EMA and SMA 50’s.
2015 has been a year filled with volatility for the various financial markets on trading action that is perhaps starting to answer the question posed in January’s GFG Market Insight titled 2015: The Year of Massive Volatility?
The bull market in gold remains intact and may soon reassert itself according to Asset Managers Incremental in their must read yearly “In Gold We Trust” report. “We are firmly convinced that gold remains in a secular bull market that is close to making a comeback”...
June 25, 2015
Americans have no idea that the United States is on the brink of an economic crash. It is really not conceivable to the majority of Americans. We have been told by President Obama that we are experiencing economic growth and that the economy has been stable for a...
China, the world's top gold producer and one of the biggest consumers, is in talks with the Chicago Mercantile Exchange Group to set a deal that would see the Shanghai Gold Exchange (SGE) and CME listing each other’s contracts on their respective exchanges.
It is not often one looks at a yearly chart. Monthly charts are quite common. Time dimensions for charts normally range from monthly right down to tick charts. A tick chart is one that prints a bar at the close of any specified data interval.
There was a definite trend change in precious metal sentiment and investment demand in June as the market senses financial turmoil on the horizon. Each day we see another announcement from Main Stream financial sources warning of upcoming systemic risk in the...
This gold chart may appear to be “Black Magic.” However, it is simply a display of the power of Mother Nature. A new high has occurred at every grouping of # 1 and # 2 high! The ensuing corrective low has consistently remained above the previous new high. All of the...
We have all become involuntary guinea pigs in an unprecedented monetary experiment, the economic (and sociological) outcome of which remains uncertain. Ever more frequently observable phenomena including asset price inflation, chronic over-indebtedness, extreme...
Ron Paul, former congressman for Texas, laid plain the absurdity of central policy towards the markets in a recent interview with Amanda Diaz on CNBC. He believes a day of reckoning is in the cards because the central banks “can’t print money forever.”
June 24, 2015
The 2008 crash was a warm up. Many investors think that we could never have a crash again. The 2008 melt-down was a one in 100 years episode, they think. They are wrong. The 2008 Crisis was a stock and investment bank crisis. But it was not THE Crisis.
We have all from time to time tried to help others, friends and family, by pointing them toward reality. For our troubles and efforts we have been viewed as the "squirrely" guy/gal with a tinfoil hat who see's everything as a conspiracy.
- GoldCore interview with Kerry Lutz on the Financial Survival Network. - Gradual realisation that central bank “masters of the universe.” -“We all know that bad stuff is going to happen, we just don’t know when it is going to happen.” -“The penny is beginning to...
While the metals market has moved through the lowest level resistances I noted last week, it made it clear that it wanted to provide us with a higher retracement for this downside set up. And, it does not change the bearish pattern being presented before us at...