This past week, noted bond fund manager Jeffrey Gundlach reiterated his perspective that gold will see $1400 in 2015. How many more times do we have to see these types of predictions made year after year fall by the wayside?
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 11, 2015
Recent Reuters headline: China’s gold imports from Hong Kong dipped to 7-month low. The brief article which followed implied that Chinese gold demand was also dropping in commenting that Honk Kong imports remain a proxy for Chinese gold demand. They used to be,...
May 10, 2015
The Model continues to be in strong Sell/Bearish Mode. On the positive side we have a new buy signal due to the falling Volatility. Also and even more important the CoT-Report is now looking much better.
Gold Futures - Speculative positions dropped last week. GOLD Non-Commercial Positions: Gold speculator and large futures trader positions fell sharply last week as gold bullish bets declined to the lowest level since March, according to the latest Commitment of...
One of the most interesting guesstimates about what the SPX is doing is that it is in the process of completing a diagonal triangle. If correct, next week should mark the pattern’s completion, followed by a substantial correction which could last several months....
In our daily gold trading newsletter, we usually focus on either short- or medium-term price swings, but in this essay we’ll do something quite different. We are going to analyze the gold market from the long-term perspective and we are going to focus on what’s...
As usual, we look at gold from different angles. If anything, it becomes clear that the precious metals market is nearing a pivot point. We cannot be sure in which direction this will resolve, we can only keep on monitoring the developments in the weeks and months...
Markets remained in their large patterns for the most part with the exception of the Russell 2000, which seemed to have been leading us lower…but now not so much.
As you probably know, I would not be surprised if the stock market crashes within the September / October 2015 time period. I believe the economic fundamentals are poor and getting worse, fast. In order to prepare, this weekend I examined how U.S. Bonds and Gold did...
A first time for everything. This week was the first time I ever went to basically cash before the jobs report was released. It’s still too early to know yet if this was a right or wrong decision depending on what the stock markets do next week.
If you've been sensing, amidst increasing annoyance, within what we recently dubbed "Gold's Flight at 1200", (all of its turbulence and gyrating about notwithstanding), that price is neither breaking out to the upside nor downside, your perception by now must be...
The one word that best describes the stock market since early March would be “lackluster,” a market that’s neither hot nor cold. The Dow Jones Bear’s Eye View (BEV) chart below begins at the absolute bottom of the credit crisis bear-market.
May 9, 2015
Gold sector is on major sell signal. Cycle is up and a corrective bounce is in progress. Silver is on a long-term sell signal and investors should be in cash or short. SLV is on a short -erm buy signal and traders can buy if risks are manageable.
Our focus on gold and silver is more of an unconventional approach because the conventional news stories on them regurgitates a never-ending supply of statistics that have nothing to do with current prices. What does?
Last month a lot of negative data on the global economy was brought to light. China’s trade plunged in March and the World Trade Organization cut the 2015 global trade growth outlook to 3.3 percent from the previous 4 percent. We have already suggested in the Gold...
The gold price and silver price initially rallied this week from the lows of $1170 and $15.93 respectively last Friday to challenge the $1200 level for gold and $16.70 for silver on Wednesday, before losing about half these gains yesterday.
May 8, 2015
UUP, Gold Range, Silver Range, GDX Jobs, GDXJ New Range & Junior Metal Stocks analysis via videos.
Gold stocks’ reign as the most despised sector in all the stock markets remains unchallenged. They’ve even been abandoned by contrarians. But such universal antipathy and apathy is the breeding ground for major bottoms. And despite gold’s lackluster performance,...
In a remarkably unbalanced and lazy article on gold this month the Economist magazine attempts to dismantle the case for investors and others to own gold. Both from an investment point of view and also from an ethical point of view.
You don’t need to know about the macro-financial machinations. It’s connected to the money - but it’s the other way around. It’s connected to fragility and overextension. The debt is all a reflection of the war on real money and wealth - by proxy the soul. The...
US National Debt: We know the progression of debt – it increases, or it increases rapidly. Since 1913 the official US national debt has increased about 9% per year – every year. Has the economy increased 9% per year? Of course not! And that is why, in truly simple...
May 7, 2015
In anticipation of higher US rates and lower rates elsewhere, the greenback had enjoyed a dramatic rally. Has the tide turned, or is the dollar merely taking a breather? We believe there are threats and opportunities hidden underneath recent market action. Below is...
I could have titled this piece "The Inevitable" or "It's not a matter of if, but when" but I have another thought in mind and want to look at Greece from another angle. Yes, either of those two titles would have sufficed because a Greek default is inevitable and...
As I described in Part 1 and what I can’t emphasize enough is that we are witnessing that the extreme low interest rates are sustaining companies that otherwise would have gone out of business whose production is adding to the oversupply in the market.
Last week we looked at how the US$ gold price performs around FOMC meetings, with a focus on the trading week leading up to the FOMC Announcement day. This week we have done the same with regard to the monthly US employment report. Here's what we found:
May 6, 2015
Chinese ambitions to become the world’s leading gold trading hub and international financial hub have taken another step forward. Trials were quietly conducted to launch a yuan-backed gold pricing benchmark last month, according to Reuters today.
In a financial world of contradictions, chaos, and confusion, perhaps a “gold-centric” perspective will provide clarity. The media is filled with comments from notable “gold-bashers” such as Benjamin Bernanke, Warren Buffett, and Bill Gates. Their criticisms of...
It smells like crunch time to me, the markets have flattened or begun to even roll over on continuously decreasing volume. The economy has also turned down all over the world including in China. Europe is contracting, Britain has finally figured out their finances...
Over the past decade or so, "transparency" has become one of the buzzwords that has guided the Federal Reserve's culture. The word was meant to convey the belief that central banking was best done for all to see in the full light of day, not in the murky back rooms...
A fair-weather friend is someone who is pleasant and profitable, but who will turn against you or walk away at the first sign of trouble. We might all know someone who is a bit like that in our circle of friends, but as serious investors know that analogy is not an...