We are now seeing many of the undesirable effects of the ACA. These are typically being described as “unintended.” However, this adjective is a bit of a misnomer, since these outcomes were entirely predictable, and in fact were predicted by many free-market...
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.
November 14, 2013
One of the biggest shames in the world is when someone else has to take care of your business when you are perfectly capable of doing so yourself. It used to be the ultimate form of embarrassment. However, we in the United States have turned shame into an art form...
What is one to make of the fact that in the US the Ten-year Treasury note has gone from 1.40% in July 2012 to 2.76% today? That is an increase of just under 100% in a little over a year. The Government of Canada 10 year benchmark bond has not been immune from the...
One of the primary themes for this letter over the last few months has been the potential of a major market top forming. We now have what I can only call “numerous bells” ringing.
When the euro arrived on the scene, it took over around 32% of global foreign exchange reserves from the USD, with the tacit approval of the U.S. This dropped the USD’s percentage of global reserves from 95% to around 63%. Since then [2000] its percentage of...
The price of gold has suffered a large decline this year but things are looking up. Gold should stabilize and a firm price be established as we head into 2014, given the accommodative and what we believe are even extreme monetary policies seen across the major...
The WHOLESALE price of gold recovered all this week's previous 2.1% drop by Thursday morning in London, trading back at $1288 before slipping $5 per ounce as the US Dollar steadied on the currency market.
Thank the stars for mathematics, the language of science. Every known aspect of the universe from the movement of the planets and the formation of stars and galaxies, to the propagation of light and radio waves, right down to the intricate darting of subatomic...
In our previous commentary, we took a look at the situation in crude oil from the long- and the short-term perspectives to check whether they confirm the indications from the medium-term picture or not. As we wrote in the summary:
Last week I penned an article titled, Gold Bear to End With A Bank. I warn of the dangerous short-term downside potential in Gold that could mark the end to this bear market. Thus far, this analysis has been on track and has served to protect subscriber portfolios...
November 13, 2013
The BIG Perspective: Examine the following “Point & Figure” chart from Ron Rosen. This type of chart plots price on the “y” axis while the “x” axis shows time but without uniform distance between years. The long term trend has been up since 1970 and 2001, while...
We know that the Fed and other Central Banks are printing money like there’s no tomorrow to stop the fragile system from imploding, but the Little Guy is not seeing any benefit from it, instead the banks and elites are making even more money out of that which is...
ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock markets also slipped.
Is there such thing as too little inflation? To listen to some economists the answer is an emphatic “no!” Fed chief Ben Bernanke certainly doesn’t believe in the concept of low inflation. Neither does ECB president Mari Draghi. But the question must be asked:...
November 12, 2013
For nearly four decades, curious investors have made their way to the Big Easy for a taste of New Orleans and several helpings of advice and perspective at the New Orleans Investment Conference.
In this Weekend Report I would like to take a fresh look at the precious metals complex again as things are still evolving in this area. I want to look at the GDX as our proxy for the rest of the PM stock indexes as it trades with the most volume and probably gives...
At the end of October, in our essay on dollar and the general stock market (http://www.gold-eagle.com/article/dollars-breakdown-stocks-breakout-and-... ) we discussed the USD and S&P 500’s implications for the precious metals market. After that, in our essay on...
Many gold analysts believe that Janet Yellen is bullish for gold. Others note that gold sold off as she was confirmed as the next head of the US central bank. That’s bearish.
Gold prices broke below the $1300 an ounce level last week hitting a three-week low, weighed down by a stronger U.S. dollar and some upbeat U.S. economic data. And, prices have remained under some downward pressure this week.
Janet Yellen will continue to print money so the status quo stays the same. The stock market will continue its upward movement needing more and more printing to continue any increases in its trajectory. This house of cards built on air will collapse by 50% with...
WHOLESALE GOLD bumped up to $1285 Tuesday lunchtime in London, reversing an overnight drop to fresh 3-week lows at $1277 as European stock markets slipped with government bond prices.
This is an e-mail response to an inquiry on NUGT, Direxion Gold Miner Bull 3X Shares. After sending it, there was no reason to let it go to waste, so it is being posted for those who have an interest in this [wrong, in our opinion] approach to gold.
November 11, 2013
There are generally two types of investment or reserve demand relevant to gold: safehaven demand and inflation hedge. Since 2008 gold has benefitted largely from the former: safehaven demand; because of how fragile the markets have looked up until recently.
There is no doubt that last Thursday's 20 point drop in the S&P500 marked the Half Cycle Low. The midweek (members) report detailed that the current Daily Cycle was consolidating via time and not price, a bullish development which points to further short term...
The Holy Bible states seven years of feast are generally followed by seven years of famine (Genesis 41:54). Applying the gospel to the stock markets, a 7-year cycle is quite apparent…one sees that there is indeed a 7-year boon period (where HUI & S&P500...
Without a doubt, the biggest news in recent weeks has been the upcoming replacement of Fed Chairman Ben Bernanke by Janet Yellen, Vice Chair of the Board of Governors and a highly qualified economist who, many predict will continue in the Bernanke mold.
WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose.
In 2012 the U.S. Mint sold 753,000 ounces of gold bullion in coins. So far this year, until November 6, the Mint has sold 761,000 ounces of gold bullion in coins—and we have two more months to go in 2013. (Source: U.S. Mint web site, last accessed November 6, 2013...
In 2012, the U.S. Mint sold 753,000 ounces of gold bullion in coins. So far this year, until November 6, the Mint has sold 761,000 ounces of gold bullion in coins—and we have two more months to go in 2013. (Source: U.S. Mint web site, last accessed November 6, 2013...
November 10, 2013
Markets were all over the pond this week moving sharply lower then higher. The market needs to get back on its meds and settle down! Until we see a trend emerge, it’s hard to say much or do much. Half the battle that is making money in the market is knowing when...