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.

 

September 1, 2021

Mega investors have been talking up the merits of gold ownership lately. For example, the billionaire hedge fund manager who executed the “greatest trade ever” in 2007 is now pounding the table about the opportunity in hard money.
The U.S. Labor Day is almost there, and thus the time for gold’s rally is running out. Tick-tock, tick-tock… and then the party stops.

August 31, 2021

Over the last couple of months, it has become clear from conversations with friends and partners from the gold industry that there is a marked increase in retail demand for physical gold from Swiss investors. The most interesting thing about this development is that...
Clients often ask when they should sell precious metals. We usually suggest one basic rule around the timing. After that, the decision to sell will depend upon whether your reasons for holding gold and silver have changed.
Why is Jay Powell so adamant that inflation is temporary? If the Fed acknowledges that higher inflation is ingrained, it must raise rates and kill its QE welfare programs for stock, bond, and real estate investors. That’s the last thing the Fed wants to do.
“As markets shake off their summer slumbers,” writes London-based analyst Bill Blain, “what should we be worrying about? Lots..! From real vs transitory inflation arguments, the long-term economic consequences of Covid, the future for Central Banking unable to unravel...
The 2021 Jackson Hole Economic Symposium “Macroeconomic Policy in an Uneven Economy” is already a thing of the past. It was a stimulating conference with a few interesting presentations. But the key appearance for the financial markets was Powell’s speech. Let’s dig...
The best performing precious metal for the week was palladium, up 6.44%, despite hedge funds cutting their net long positioning to a 14-month low. Gold rose the most in two weeks, up 1.40% on Friday, as Federal Reserve Chairman Jerome Powell’s testimony signaled...

August 30, 2021

When the Fed entices grown-up kids with sweet words, they hit the candy store and stock up on gold, silver, and stocks. A sugar hangover follows.
Jackson Hole hubris was operating at full strength last week as investors around the world anxiously awaited the announcement on Friday that would send the markets into hyperdrive.
There is some evidence that we are still in the bull market which started in 2009 and which could continue into 2021 until major cycles take over, and it ends.  A move up to ~4500 is possible before the current bull market makes a final top and SPX corrects into its...

August 29, 2021

Long-time readers of The Gold Update know we've hidden microphones in many a salient place, including those still installed at the Salzburg clinical offices of noted analyst in the psychosis of precious metals, Dr. Youara Nichtsogut, to whom Gold late yesterday (Friday...
As it has been since last November, all this week the Dow Jones remained in scoring position; less than 5% from its last all-time high. We haven’t seen any new BEV Zeros in the BEV chart below since its last on August 16th. But I’d be surprised if the Dow Jones doesn’t...
Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1778.00 figure. From there, a firm push higher was seen into later in the week, with the metal running up to a Friday peak of 1821.90 - also ending the day and week at...
As the remaining days of the Summer of 2021 tick away, I have always looked at Labour Day weekend as the unofficial last day of summer because after the holiday Monday, it has been “Back to School” and that was a stark reality for twenty of the first twenty-five years...
Precious metals markets are rallying on some early Friday remarks from Jerome Powell. The Federal Reserve chairman is speaking at the Jackson Hole virtual gathering of central bankers Friday and Saturday, and he started off by emphasizing the view that high inflation...

August 28, 2021

You can summarize the current mood in Washington DC as “Please don’t let this be a return to the 1970s.” For younger readers, that was a decade in which excessive government spending and money printing combined with inept foreign policy to create the impression that...
Our proprietary cycle indicator is DOWN. Gold sector is on long term SELL signal. Our ratio is on sell signal. Gold sector cycle is down.

August 27, 2021

Below, we ask a simple question: Is the war on COVID the needed pretext for even more centralized market “performance?” After all, who needs free markets when central bank liquidity determines price forces via endless COVID bailouts?
I want to thank my patrons for hanging in there with me while my writing has been less frequent than you deserve. I’ve been battling with COVID for the past two weeks while also in the middle of a house move, but I hope now to get more on track as I seem to have won...
The ‘but’ is the old saying “markets can remain [seemingly] irrational longer than you can remain solvent” if you fight a trend that is intact at any given point. Since March, 2020 that trend has been up.
The best gamer always emerges victorious from a duel, racking up his win streak. However, being this conspicuous – who doesn’t want to take him down?
It’s been 50 years since one of the most important events in contemporary – or, perhaps, all of – economic history. And, no, I don’t mean the foundation of the Nasdaq stock exchange nor the bankruptcy and nationalization of Rolls-Royce. Half a century ago, on August 15...

August 26, 2021

We saw a great meme on WallStreetSilver which sparked our essay idea for this week, the meme- The True Value of Gold and Silver compared how many ounces of silver it would take to purchase a corvette in 1950 compared to today – the answer was less!
Finally! The price of gold returned above $1,800 this week, as the chart below shows. It’s a nice change after the slide in early August. Although gold has rebounded somewhat, bulls shouldn’t open the champagne yet. A small beer would be enough for now, as the yellow...
Overall gold, silver, and copper are trading in a range. Apart from the central bankers meeting at Jackson Hole, there is US Q2 GDP and Q2 real consumer spending. There will be very sharp two-way price moves in all metals and forex. Crude oil is bullish. Asian...
Such is the title of an immortal work by Charles Mackay, published 180 years ago - 1841 - in London, England. We are in 2021, and the world is subject to a new "Madness of Crowds". The present "Popular Delusion" of our world, in this 21st Century, is - without any...

August 25, 2021

All eyes this week will be on Fed Chairman Powell when he addresses The Fed's annual central banking conference in Jackson Hole, Wyoming, as whatever Powell says (or doesn't say) about monetary policy will set the tone for the COMEX precious metals for the remainder of...
There are many factors affecting gold prices on a daily basis, but… how can GameStop stock be one of them? Given today’s pre-market slide in gold, it seems that the triangle-vertex-based turning point worked once again. Declines are likely next.

August 24, 2021

From a technical, cyclical, and fundamental viewpoint, gold is in a fabulous position for price appreciation against American fiat currency. Months ago, I suggested that late August would see a fade in Corona cases bring a revival in Indian gold demand. It’s happening...

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