Financial writer Bill Holter says don’t expect the economy to get better anytime soon. Holter says, “We’re probably in recession again . . . the economy has been quite weak. It looks to me we could be breaking down in the stock market. This is going to be a...
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.
April 6, 2015
As estimated by the USGS, world gold production increased again in 2014. It increased from 2800 to 2860 tons of gold, an increase of 2.1% (the increase was 1.6% on average since 1928). The world has never produced as much gold in a single year! Below are 8 points...
Gold jumped the most in two months on Wednesday topping $1,200 an ounce. The move came on the back of a report showing U.S. employers added 189,000 jobs in March, disappointing expectations of 225,000. This was the smallest gain in employment since January 2014,...
Some interesting things have come to my attention: 1) it looks like precious metals are going to rally strongly over the next week and a half; 2) at the same time the stock market is going to go through some wild swings both up and down.
Last week, I began with the premise that tracking sentiment is a much more accurate way to determine the direction, or change in direction of a market, relative to fundamental analysis. This week, I will outline the shortcomings of fundamental analysis, and follow...
In a marginally more upbeat assessment of gold’s likely future supply/demand situation and pricing, Metals Focus is predicting the likely end to the gold bear market this year.
April 5, 2015
For some time I have been pointing out the long-term deceleration pattern which was taking place in the SPX. Last week I also mentioned that the index’s inability to make a new high before being pushed back toward previous short-term lows might be carrying some...
The ADP employment numbers released Wednesday were weak indicating a slowing in the economy, and commodities rallied under the assumption that the Fed will delay rate hikes. Friday the Non-farm payroll numbers came in at only 126,000 jobs versus the expected 245,000...
Gold speculators and large futures traders sharply boosted their gold bullish bets last week to the highest level in three weeks and notched a second straight weekly rise, according to the latest Commitment of Traders (COT) data released by the Commodity Futures...
If you’re willing to ignore the behind the scenes shenanigans in the stock market; central-bank market stabilizations, management driving their companies deep into debt to fund share repurchase programs, and dubious earnings numbers, then Wall Street is doing just...
April 4, 2015
For a long time, nearly four decades, growth has been getting progressively weaker during each recovery from recession. Of course, the U.S. is a major contributor to world trade and QE, but its trend of weaker growth is present in all major developed economies.
I forgot exactly where and when I read it, but I recall seeing that one of the things that the Fed looks at when considering the employment situation, is a rolling 12 month average of the number of jobs created or lost. This gives them more of a smoothed indicator...
The only thing that has experienced a worsening depreciation since the privately owned Federal Reserve unconstitutionally took over the Constitutionally mandated control of US money, willingly ceded by a vapidly inept Congress, has been common sense. There is none...
April 3, 2015
FXI, Gold, Silver, GDX, GDXJ & Junior Gold Stock analysis via videos.
We saw a pretty choppy and frustrating week overall for stocks and markets with only very select securities working while others didn’t work at all. We’ve had some great setups lately only to see most fail, while some have worked well, but overall, it’s been a tough...
Gold sector is on major sell signal. Cycle is down. Silver is on a long term sell signal and investors should be in cash or short. SLV is on a short term buy signal and traders can play for a bounce if risks are manageable.
My father, a WWII veteran, has been gone 20 years yet his words ring truer as years pass. He said, “I learned surviving the depression that government should stay out of people’s business and only do for the people what the people are unable to do for themselves!” I...
Ok that is not a picture of a gold bull market. It is anything but. But I will get to the bull market. Some analysts have in the past compared the current gold market decline (2011-2015) to the gold market decline of the 1970’s (1974-1976). So far, the current...
April 2, 2015
There is only one way to value gold, and that is to quantify the expansion of the fiat currency in which it is priced. That is the sole purpose of the Fiat Money Quantity (FMQ), which since I last wrote about it five months ago has increased by $375bn to $13.7...
By almost any measure, stocks are sharply overvalued. Warren Buffet’s favorite value metric for stocks is Total Market Cap of the market/ GDP. Today we find this metric showing stocks as sharply overpriced. As Doug Short recently noted, only the Tech Bubble is more...
Despite their recent underperformance, David H. Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system.
Currency depreciation, inflation fears and falling wages are weighing on average Russians and leading them to buy gold and silver bullion and some are making “unusually large purchases” of gold jewellery.
Yesterday’s strong rally, amounting to $26 from low to high, topped within a single tick of the 1208.60 target I’d provided. This validates the pattern itself (see inset), with the implication that any upthrust exceeding the high would be a good bet to reach 1238.90...
1- A deranged state of the mind usually occurring as a specific disorder (as schizophrenia). 2- Such unsoundness of mind or lack of understanding as prevents one from having the mental capacity required by law to enter into a particular relationship, status, or...
April 1, 2015
It is pretty much a given that we are living the end times of a three ring financial circus. If you doubt this, only a small amount of research on your part will confirm this. The odds in my opinion are quite high we will witness some sort of military...
Gold was essentially flat with a fall of just $2 or 0.0017% in dollar terms in the quarter. While gold was essentially flat in the quarter in dollar terms, it is important to note that gold was 11% and 5% higher in euro and sterling terms – building on the...
Markets fluctuate. Sectors cycle. Investors love and hate these facts, but we all know that if it were not so, it would be impossible to buy low and sell high. The problem, of course, is that no one can time the market consistently. That makes it hard to know when...
Back at the end of February of 2015, I provided you with a set up for the metals to decline strongly over a week or two period of time, to be followed by an upside reversal. I was looking for the markets to test or even break their 2014 lows, and then begin a rally...
Although gold has gone reliably opposite stocks lately, it is getting precious little lift so far Tuesday night despite the fact that index futures are under heavy selling. In any event, it’ll take another $5 of upside to trip a bull signal for the pattern shown....
March 31, 2015
The Financial Times warned today about the growing global ‘bond bubble’ and potential severe problems in the bond markets and ‘systemic risk’ which may come to a head in June if the Federal Reserve raises interest rates.