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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.

 

July 9, 2013

The Corporate Media was eager to trumpet the news that “an official source” claims gold imports into India fell from (a revised) 162 tonnes

We are expanding on the small piece we gave subscribers last week, where we took the gold market over the last two months and adjusted the Demand/Supply numbers in line with the fall in the gold price.


‘Bear Raid’ with SPDR Gold Sales

For decades, the American “paper gold” market (the COMEX) has been the primary market for determining the POYG (price of your gold).

July 8, 2013

Mail from a friend:  “I think your taper-to-carry idea has legs, but I’d really appreciate it if you went over the basic theory and how you see the dots connecting, if you decide there’s space and time in this weekend’s edition at least.

US Equities opened higher this morning and are setting up for a sharp pullback based on technical analysis using trends, cycles, momentum, volume, market breadth and key resistance zones.


Take a look at the charts below for a quick flash of what I think.

During a time of compressing commodity prices, Don Coxe, Chairman of Coxe Advisors LLP, was kind enough to share insight on the state of the market.

When volatility spikes the economy in certain ways, it can cause some leveraged positions to implode which can, through paper markets collapse the price of a given commodity etc.

The cornerstone of the free market system is the law of supply and demand. This is the premise that governs how the prices of resources are determined in any free market economy as opposed to prices being set by government edict or monopoly control.

A shout-out to I M Vronsky and his crew, [Gold-Eagle], for reaching its 475 Millionth view since it began on 1 January 1997.  Congrats!

A relatively quiet but interesting week for the markets with Canada Day falling early in the week and Independence Day falling later in the week which kept markets open only half a day Wednesday and pretty quiet Friday.

I recently discussed how traders were stampeding out of gold as a result of rising interest rates and the threat of evaporating monetary fluid that was lubricating markets.

July 7, 2013

This week I was presented with a two graphs showing Gold and Gold Stocks diverging.  JR pointed out that this signals a trend change which holds true as far back as 1999 and charts are simply better at calling correct moves than most analysts.

The average SILVER correction since this bull market started was 44%. Moreover, some down-side pressure may persist for a while. Furthermore, it is to be noted that after the price of silver dropped 57% in 2008, it surged 441% over the next three years. Silver is...

When Obama first entered the White House four years ago, CinC was at $881 billion dollars.  Today it is approaching $1,200 billion dollars, an increase of 35%.  This is just for the number of paper dollars and pocket change circulating in the global economy.  The...

July 6, 2013

When the markets “speak,” we “listen.”  For all of the non-stop bullish “news” about the unprecedented demand, more for gold than silver, and all of the talk about how useless the COMEX paper market is, it has been the paper market that the forces of supply and...

Last week TLT, our bond market surrogate, made a new low, then bounced up to the resistance of the declining tops line drawn from the May top. It turned down on Wednesday, we thought beginning a move to test the recent low, but today TLT didn't bother to retest the...

USD – on major buy signal since Nov 2011, and until that changes, the mighty dollar is the preferred currency over gold.

July 5, 2013

As a general rule, the most successful man in life is the man who has the best information

Friday’s report that 195,000 new jobs were created in June was much better than the consensus forecast for 155,000, as were the upward revisions of previous reports for April and May.

US T-Bond Breakdown Chart


 



 

Are falling commodity prices warning us of deflation? And is the fall in the gold and silver prices and lumber price a frontrunner for the fall of the SPX?

It is amazing to me that investors believe there is no inflation or risk of energy price spikes as the Middle East deals with geopolitical turmoil and Civil War. That complacent mindset may be changing rapidly.

As gold has plunged in the past couple months, yields on benchmark US 10-year Treasury Notes have soared.  Many Wall Street analysts claim these rising long rates are very bearish for gold, and have exacerbated its recent weakness.  Since the metal yields nothing,...

The volume activity recently caught our eye in the Canadian dollar and prompted a closer look. Our position is that by following the developing market activity, across a series of time frames, a story about a potential trade should emerge.

The DOLLAR PRICE of gold dropped $20 per ounce lunchtime Friday in London, briefly dropping through $1220 per ounce after the release of June's US non-farm payrolls data.


Non-farm payrolls growth came in at 195,000 against consensus forecasts of 165,000.

Despite the lack of trading activity in the United States due to the Independence Day celebrations, yesterday’s session in Europe was very interesting. The players on the foreign exchange market have provided plenty of thrills.

July 3, 2013

Gold is not bottoming now. Gold bottomed in 1999 at $253.20.                                                    


 

During a time of intense fear and volatility in the precious metals and mining space, Sprott Asset Management’s Rick Rule was kind enough to share insight on where he sees the markets moving next, and how investors can make money during these periods.

“I see in the near future a crisis approaching. It unnerves me and causes me to tremble for the safety of my country. The money powers preys upon the nation in times of peace and conspires against it in times of adversity.

The Dow, in particular, has been the biggest obstacle to a rise in precious metals, due to it sucking up most of the available value on global markets. However, it appears that this obstacle is now out of the way, with the Dow likely having peaked.

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The California Gold Rush began on January 24, 1848 when gold was found by James W. Marshall at Sutter's Mill in Coloma.

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