It was a very quiet trading day in gold on Monday---and even the the price spike that came minutes after the close of COMEX trading yesterday, didn't have a lot of volume associated with it. But it did improve moral a bit, as the gold price managed to close above $...
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.
December 10, 2014
Gold jumped 2.3 percent to a six-week high yesterday as sharp falls on stock markets globally led to renewed demand for gold as a haven.
Many who will read this work have been sitting patiently waiting for the house of cards to collapse. For me personally, I confess the current maniacal financial bubble has gone on much longer than I ever imagined. What did we miss? Are we wrong or just early? In my...
Apologies for returning to Chinese and Indian gold demand again – but we do feel these two nations are so important for the future of the gold price given the huge amounts of gold they continue to absorb. This in total has to be close to, or even perhaps will exceed...
December 9, 2014
For those that joined us in the Trading Room at Elliottwavetrader on Sunday night, November 30th, it was quite an exciting evening. As we all know, the metals had a sizeable move down, which was blamed on the vote in Switzerland. But, as we knew beforeha
In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking that downtrend today.
There can be little doubt that data releases rather than experience or intuition are driving the economic conversation. This is perhaps a function of the disconnection that many people feel about an economy that they no longer understand. Rather than trusting their...
Is there a strong bull flag pattern in play on the daily gold chart? The US stock market has lost upside momentum, and the falling price of oil threatens to create an “Armageddon” type of event in the junk bond market, yet gold looks and feels superb.
After climbing the most in a week as a retreat in the dollar and equities revived demand for the yellow metal, the spot price of gold has weakened marginally this week. The price of gold jumped more than 1% on Monday on a brief surge of late-day technical buying as...
A glance at any gold price chart reveals the severity of the bear mauling it has endured over the last three years. More alarming, even for die-hard gold investors, is that some of the fundamental drivers that would normally push gold higher, like a weak US dollar,...
The end of QE3 neither implies the real abandon of purchasing assets (due to reinvesting interest and principal payments and rolling over retiring Treasuries) nor the permanent exclusion bond-buying programs from the tools of monetary policy. Investors should also...
December 8, 2014
The financial world focuses far too much on stocks. The stock market, despite being at record highs (meaning record market capitalizations) remains one of the smallest, and least sophisticated markets on the planet.
The SGT Report interviewed GoldCore’s Head of Research Mark O’Byrne over the weekend. The video was released yesterday evening and has already had over 5,300 views.
Gold is hated more than ever by both governments and the financial services community. This is because it has now become imperative to keep the illusion of confidence in sovereign debt and paper currencies. To that end, a gentleman by the name of Willem Buiter,...
December 7, 2014
The last Hindenburg Omen was followed by a 1,162 drop in the Dow Industrials in only 27 days! So what is a Hindenburg Omen? It is the alignment of several technical factors that measure the underlying condition of the stock market — specifically the NYSE — such...
We can believe Willem Buiter, Citigroup’s chief economist when he writes negatively about gold…or we can watch gold launch into outer space. This is strictly a 60-year market veteran’s opinion. However, my eyesight is still 20/20.
December 6, 2014
This past week we saw some pretty wild action that told us markets and stocks were going to correct. But that was short-lived -- and now we are back on track for higher prices into years end.
Do you remember seeing old pictures of the Great Depression which depicted "lines?" There were two types, bread lines and also lines to the front doors of banks. While we don't see any bread lines today, trust me, there are bread lines in every single state, and...
Last year, many in 2013 were calling for the price of gold and silver to double, and more! Then came 2014 and those dashed hopes were pushed back to the second half of 2014. Earlier, in the first half of the year, we said that the second half could likely be more of...
Performance of the US Dollar Index has been stellar and is developing an interesting pattern that once complete around mid to late March 2015 will indicate the final upper target expected around August 2015. This report has a lot of technical information and might...
Long term – on major sell signal since Mar 2012 when $HUI was at 550. Short term – on buy signals. Gold sector cycle – up as of 11/14. COT data suggests lower metal prices overall going forward.
December 5, 2014
Mr.MARKET has been puttin' the hurtin' on gold bulls, writes Bill Bonner in his Diary of a Rogue Economist. Monday, however, he went after the gold shorts. Gold rose $42.60 per ounce from Friday's close...some 3.6%. That's proportionally equal to a move of 640...
Gold Volume, Silver Volume, China Stocks, GDXJ & GDX analysis via videos.
Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy. And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals. Their sole driver has been American speculators’ extreme...
The European Central Bank will decide early next year whether to follow the Federal Reserve, Bank of England and the Bank of Japan with quantitative easing or money creation to buy government bonds and other assets but will not buy gold, its president Mario Draghi...
Each commodity market has its own story to tell: oil prices are falling because OPEC can't agree production cuts, steel faces a glut from overcapacity, and even the price of maize has fallen, presumably because of good harvests.
December 4, 2014
The Swiss gold initiative has come and gone. It can be summarized as much ado about nothing. Even if it had passed, the initiative would have had no real impact on the central bank’s ability to print money or conduct monetary policy.
While wondering what to write about today I remembered seeing something that was shocking even though I was aware of it. I have not paid much attention recently to 10-year yields in the Eurozone. The non-logical yields had just slipped through the cracks of my...
Mr. Gold’s last paragraph is the tell on his bias, as he is unwilling or unable to conceal the contempt he has for people who were absolutely right for 10 years+ and are now suffering a bear market, both to their asset of choice and in sound monetary thinking.
Who would have predicted oil prices in the sixty-dollar range a year ago? Something is not right about these markets. Our take: don’t get burned when markets add fuel to the fire. Here’s what to watch out for as we head into 2015; ignore at your own peril.