A great week really in the big scheme of things. We saw markets continue to correct and consolidate and they are bouncing a bit now. This is the kind of action we really want to see so we can have a nice run into the end of the year.
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.
August 24, 2013
Last week was an homage commentary to the market forces, what we always attribute as being the most reliable source of information. For the first time in many months, we began recommending the long side in futures, starting on 7 August: 19.42 for silver and 1308...
Since Ben Bernanke uttered the word “taper” before the summer kicked-off, the tone in the financial markets has been markedly different. Even though taper has been the hot term on Wall Street for three months, the market’s focus remains squarely on the Fed. From...
All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term since March 2012.
August 23, 2013
During the in extremis phases, we analysts often referred to the Eurozone by its touristy moniker ‘Club Med’. Well we’ve got a much more serious club to deal with right here on our own shores. This is something I and many others have been pounding the keys about for...
Has there ever been an asset class bombarded by such intense negativity in such a short period of time? Fed Chairman Bernanke’s warning in May that the Fed would soon begin to ‘taper’ its QE bond-buying stimulus program brought ‘The End of Bonds’ headlines out in...
Invariably, as the price of silver and gold begins moving higher, more investors will be drawn in to the mostly paper precious metals market.
There’s an interesting interview done by Geoff Candy over on mineweb.com. In the interview Geoff asks Gold Fields CEO, Nick Holland “What went wrong with the gold industry?” Holland’s reply is very informative.
Recently Contributing Editor Morris Hubbartt has been providing his gold and silver market analysis via videos. Here are his latest videos:
The US stock markets have enjoyed a dazzling year, levitating to a long series of new record highs. But this relentless advance has stalled in August, with selling pressure mounting. Even most of the bulls readily agree that a material selloff is overdue after...
I confess. This was a new one on me. I had never heard of a “Bullhorn” pattern. I saw it mentioned first in a weekly article from a gentleman who writes under the moniker of “Thirdeyeopentrades”. “Thirdeyeopentrades” appears to be someone by the name of Robert Cote...
The PRICE of gold held just shy of last week's 2-month closing high in London trade on Friday, retreating $10 from an overnight high of $1380 per ounce as world stock markets also held flat.
In Part I ( http://www.gold-eagle.com/article/theory-interest-and-prices-paper-curre... ), we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity. We showed that whatever the relationship may be between prices and the money supply...
Back in November 2003, before the Hat Trick Letter was hatched and launched, a seminal article was written about 25 reasons why Gold will rise. It was updated afterwards, around 2008 with a couple more reasons.
I don't want to put too great a shine on the sentiment indicator readings, but they have changed quite radically this week and deserve some coverage.
August 22, 2013
On Wednesday the Fed released the minutes from its July 30-31 policy meeting. Minutes from the meeting showed that most members of the FOMC agreed that a reduction of the stimulus was not yet appropriate. Only a few thought it was time to “slow somewhat” the pace...
NUGT is the symbol for DIREXION’s Daily Gold Miners Bull 3X Shares listed on the NYSE. In September 2011 NUGT was over $2,000/share. Since that time NUGT’s share price has relentlessly fallen as a consequence to the recent bear mar
Low prices lead to high prices. The (latest) two-year price-suppression campaign from the banking cabal targeting the precious metals sector provides a text-book illustration of this economic principle. When you cripple the supply-chain, stimulate demand to record...
Direxion Daily Gold Miners Bull 3X Shares is listed on the NYSE – and its symbol is NUGT. If we get it wrong on timing this won’t go bust, unlike many juniors, it will just grind lower still. If we get are right, however, the gains are likely to be truly...
The PRICE of gold recovered overnight losses after the release of US Federal Reserve meeting notes in London trade Thursday morning, rising back to $1375 as major stock markets also rose with commodities.
As all of you know that have subscribed to this newsletter since 2006 and watched my YouTube channel since 2008, I left the commercial banking industry in 2004 because of my disdain for what I saw to be an increasingly unfeeling, greedy, selfish, and inhumane...
As we noted recently, the Federal Reserve has explicitly mentioned tapering in their recent communications, and President Obama has commented numerous times on avoiding another round of asset bubbles. Today’s Fed minutes were non-committal on when tapering will take...
August 21, 2013
As we will explore in this analysis, when we look at two of the largest sources of net worth in the United States – housing and stocks – then what history shows us is that for 22 out of the 40 years between 1972 and 2012, much of the truth about financial...
Without a doubt, markets are waiting for the release of minutes from the Fed's July policy meeting for clues on the timing of stimulus tapering. The U.S. central bank has said it would begin scaling back its $85 billion in monthly bond purchases this year if the...
With recoveries come questions. Will this last? Is this just setting up a bigger decline? The current recovery in the gold stocks has been both strong and broad based. It has occurred at a time when the stock market seems vulnerable.
BULLION prices recovered most of an earlier dip lunchtime Wednesday in London, with gold trading 1.2% lower for the week so far ahead of policy-meeting minutes from the US Federal Reserve.
In 1991, the Indian government pledged the nation’s gold reserves against foreign loans that were provided to the nation from international sources. So they have already trodden the path of using gold to support their international presence and in international...
August 20, 2013
The Federal Reserve knows the market examines every word from a governor’s mouth or included in a formal policy statement. Therefore, when the Fed starts making explicit references to ending asset purchases or removing policy accommodation, it hints strongly at...
“Demand right now is next to nothing," -Michael Kramer, U.S. coin dealer being quoted by Reuters News, Aug 20, 2013. Over the past few days, I’ve been a fairly heavy seller of gold bullion and gold stock trading positions.
Aside from the fact that the 10-Year Treasury Yield Index (TNX) is rising, one reason for the recent equity market sell-off is the uncertainty generated by the Fed’s latest announcement concerning the future of QE3.