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.

 

February 28, 2021

I’m using my Bear’s Eye View chart (BEV - Two Charts Down) spanning from January 1982 to the close of this week to provide a full picture of the Dow Jones’ thirty-nine year advance. What makes this BEV chart so important? Because it was in the early 1980s when...
Ok, we admit it with respect to last week's piece "Gold's Near-Term Brush with the 1600s": we were a bit dubious about the 1600s potentially getting teased. To be sure as a broad-term Gold bull, penning negatively about price hardly is pleasant. But we're guided by...

February 27, 2021

Long-term – on major BUY signal. Short-term – on sell signals. Gold sector cycle is down. The correction continues but may be ending soon. $$$ We remain 50% invested.
In this 16-minnute MAMChat, MAM executives Egon von Greyerz and Matthew Piepenburg discuss the critical relationship between rising gold prices and negative real ( inflation-adjusted) yields. Throughout the 20th century, whenever the rate of CPI inflation grossly...
As financial markets gyrated this week, Federal Reserve chairman Jerome Powell touted the U.S. dollar as a form of “sound money.” More on that incredible take in a moment.

February 26, 2021

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The United States is strongly polarized, with blue versus red, liberals versus conservatives, and so on. People are divided along many lines, but the biggest division line is between those who count decades from 0 to 9 and those who count them from 1 to 10. It is...
Following a necessary correction, the gold miners’ stocks have spent much of recent months bottoming. This healthy basing process is rebalancing sentiment, preparing the way for this sector’s next bull-market upleg. That is looking to coincide with gold stocks’ spring...
Gold just doesn’t seem to care and is stubbornly ignoring its inverse relationship with the USDX. What accounts for gold’s current downward trend? It’s really hard to get a more bearish combination of factors for gold than what we just saw.
The potential H&S tops on this daily line combo charts we’ve been following look a little more formidable.

February 25, 2021

Money manager Adrian Day reports on the two largest gold miners, both of which recently reported results, and also comments on how precious metals prices have reacted to other market forces, including Bitcoin, since the first of the year.
It is extraordinary that anyone who pretends to know something about economics thinks that inflation is something that happens only to prices, loosely connected to changes in the money quantity. And for xenophobes, it is an unfortunate condition which only afflicts...
On Tuesday, Powell testified before the United States Senate Committee on Banking, Housing, and Urban Affairs. He offered no big surprises, so the markets were little changed. But the price of gold ended that day with a slight loss, as the chart below shows – perhaps...
Falling Bonds and rising yields are creating a condition in the global markets where capital is shifting away from Technology, Communication Services and Discretionary stocks have suddenly fallen out of favor, and Financials, Energy, Real Estate, and Metals/Miners are...
Sector expert Michael Ballanger examines the rise of copper and what that rise means—and portends—for other markets, including the precious metals.

February 24, 2021

As U.S. Treasury yields rise, gold, which is seen as an inflation hedge, is hurting. Despite the obvious warning signs, investors remain bullish. After Monday’s (Feb. 22) supposedly “groundbreaking” rally, the situation in gold developed in tune with what I wrote...
There are so many false theories and narratives about the dollar and other assets, that I wanted to take a moment to pen an article with facts, rather than the false assumptions that are continually propagated and regurgitated throughout the market.
Gold and copper are up, the dollar is down, and bond yields are surging, as investors price in the likelihood of nearly $4 trillion in new spending under the Biden administration, including a $1.9 trillion covid relief package still under consideration by Congress, and...

February 23, 2021

Silver has definitely been in the spotlight lately, namely due to the incredible #silversqueeze rally. But as of right now, there is one detail that’s pointing to silver’s next movement.
I see green shoots for gold! The daily gold chart. There’s now a double bottom pattern in play. A breakout above the neckline at $1966 would likely see gold surge to $2089… and higher. The sentiment of gold investors with weak hands is at “gulag” levels, but nothing...
A brewing silver short squeeze has been hot in the news recently. On the heels of the Gamestop (GME) short squeeze which sent the price of the troubled videogame retailer higher by nearly 2,000% in six weeks, the Wall Street Bets Reddit group has now turned its...

February 22, 2021

Last week, the Federal Open Market Committee (FOMC) published minutes from its last meeting in January . They reveal that Fed officials became more optimistic about the economy than they were in December. The main reasons behind the more upbeat economic projection were...
The roundtrip is now complete and the entire voyage took less than a year. When Berkshire Hathaway acquired nearly 21 million shares of Barrick Gold in Q2 of 2020, people took notice.
A few weeks ago, I wrote about the moral hazard being created by the Pavlovian buy-the-dip perspective in the market. As I expect the market to top out in the next few years and enter into a prolonged bear market, the nature of the market rallies over the last 10 years...
At the end of last week SPX started a minor pullback which may not be complete and could take prices down to 2830 (ideally) and even lower.

February 21, 2021

Last week's trading saw Gold forming its high in Tuesday's session, here doing so at the 1827.10 figure. From there, a sharp decline was seen into late-week, with the metal dropping down to an early-Friday low of 1759.00 - before bouncing off the same into the daily/...
No, we're not revising downward our Gold forecast high for this year of 2401. However, from the "Nothing Moves in a Straight Line Dept." -- and as has been our cautionary concern of late -- Gold's weekly parabolic trend just flipped from Long to Short. To which, (...
The Dow Jones continues advancing into market history. So far in February it has made five new BEV Zeros (new all-time highs), its 12th to 16th since its low of March 23rd 2020. That was almost a year ago. In these eleven months the Dow Jones has advanced over 13,...

February 20, 2021

Our proprietary cycle indicator is down. Gold sector remains on long-term BUY at the end of January. GLD is on short-term sell signal.

February 19, 2021

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.

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