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 23, 2021

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.
The gold miners’ stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. While uncommon and unpredictable, these retests are very challenging psychologically. The resulting drawdowns...
Under the Biden administration the economy could overheat, thereby increasing inflation and the price of gold. In January, Biden unveiled his plan for stimulating the economy, which is struggling as the epidemic in the U.S. continues to unfold. Pundits welcomed the...
Lets start with the daily bar combo chart for the PM complex which shows the August trading range still under construction making lower lows and lower highs for the most part.
There is an old rhyme once used in economics books. "Money is a matter of functions four: a medium, a measure, a standard and a store.” Three of these functions are clear. A medium of exchange is what people use to pay for goods.

February 18, 2021

With the yellow metal just posting its lowest close since June and a bearish pattern forming, how vulnerable is gold to a further decline? Gold and mining stocks just broke to new yearly lows – as I warned you in my previous analyses. And that’s only the beginning.
While there is a growing consensus that the days of fiat currencies are finally drawing to a close, the debate about their successor is misinformed due to a lack of understanding about the qualities required of money. This growing consensus is still a minority view,...
Osisko Gold Royalties Ltd. (OR:TSX; OR:NYSE, US$11.34) reported its latest quarterly results, inline with expectations, with a total of just over 66,000 "gold equivalent ounces" (GEOs) sold in 2020. This is expected to increase to around 85,000 GEOs this year.
Imagine your favorite company getting sued for holding too much cash. I know, that's a big statement. But hear me out. Corporations, pension funds and insurance companies—anyone responsible to stakeholders—could one day face class-action lawsuits if they don't...
In the current market environment, little else matters other than momentum. What’s moving up gets chased higher still by investors. And what can be moved up by any means is pursued by speculators who hope to jump-start a momentum trade.

February 17, 2021

With rising bond yields crushing gold, and the yellow metal touching yearly lows, there is one detail that has not received attention. I recently wrote that I would provide the details for the analogy to 2008 in the mining stocks, and that’s exactly what I’m going to...
I’ve been in this sector long enough to know this fear isn’t anything new. Various and different characters, most of whom have a dubious track record, have been pushing this narrative as far back as the early 2000s.

February 16, 2021

This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our predictions for the prices of the metals over the coming year.
Gold is dodging bullets, as it comes increasingly under fire from rising U.S. interest rates and a USD that is poised to surge. Catching unsuspecting traders in yet another bull trap , gold’s early-week strength quickly faded. And with investors unwilling to vouch for...
A fundamental tenet regarding money and inflation is that ongoing money creation by governments and central banks (Federal Reserve) cheapens the value of all money (US dollars) in circulation and leads to a loss of purchasing power. The loss in purchasing power shows...
March Madness is a term referring to the college basketball single-elimination tournament of 68 teams, leading up to the “Final Four,” from which the ultimate college basketball champion is determined. Most of the games take place during the last half of March, with...

February 15, 2021

SPX Long-term trend: There is some good evidence that we are still in the bull market which started in 2009 and which could continue into the first half of 2021 before coming to an end.

February 14, 2021

Last week's trading saw gold spiking sharply higher into Wednesday's session, with the metal pushing all the way up to a high of 1856.60. From there, however, weakness was seen into Friday, here dropping back down to a low of 1810.10 - before bouncing off the same into...
Here’s the Bear’s Eye View (BEV) of the Dow Jones going back to 1885. What's the Bear's Eye View? It's how Mr Bear has looked at the Dow Jones since 1885, with every new all-time high registering as a 0.00% (or Bev Zero in BEV Lingo), and every daily close not a new...
Most of you are seasoned enough to remember weathering (else you're likely not around anymore) the "Black Swan Financial Crisis" of 2008-2009. And when old Swannee flew, all of our BEGOS Markets (Bond / Euro / Gold / Oil / S&P) were initially flushed down the loo,...

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