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. 

 

May 22, 2020

The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March’s stock-panic lows.  They’ve already more than doubled in the couple months since!  Their just-released Q1’20 operational and financial results...

The gold futurs contract lost 1.72% on Thursday as it extended a downward correction from Monday’s new monthly high of $1,775.80. The market reached its daily low at $1,715.30 yesterday. On Monday it had retraced almost all of the decline from April 14 high of $1,...

May 21, 2020

Few mainstream commentators understand the seriousness of the economic and monetary situation. from a V-shaped rapid return to normality towards a more prolonged recovery phase.

Gold recently retraced, following a sustained uptick in prices during the coronavirus pandemic. As stock markets sold off en masse, gold hit a price of $1750 per ounce in mid-May.

As technical traders and researchers, we’ve been paying very close attention to the GREEN ARC Fibonacci resistance level on the SPY as a key level for the US stock market and any hope of a continued upside price rally.  The SPY has traded near this level for the...

I am writing in response to the comments you made in a letter to investors yesterday, which were widely reported. You have set the gold community afire, with claims that are not new and not true. So I shall attempt to douse the flames.

Before we look at today’s charts I would like to go over some challenges that we’ll face as the current impulse move in the PM complex continues to move higher. It’s not every day that you will find yourself getting in close to the bottom of a multi month rally.

Powell dominated media news this week. On Sunday, the Fed Chair gave an interview to CBS news magazine “60 Minutes,” while on Tuesday, he testified before Congress. What did he say? In an interview, Powell tried to persuade viewers that the Fed has not exhausted its...

Except for the Almighty, all things have limits in this world.  Our knowledge of the vast universe is limited by the speed of light.  Our knowledge of the most minute particles is limited by the uncertainty principle. Of course the current global printing press will...

The chart above speaks for itself. You could not find a more bullish chart set-up in the stock market. Note that the HUI/Dow ration bottomed out in late 2019 at the same level where it bottomed in late 2000. Most investors in this sector were not around for the...

May 20, 2020

A signal has just appeared in the global financial markets which has only been witnessed one other time in recorded history – and it foretells of immense trouble for the world economy ahead.

To be bullish or not to be – that is the question. Or it might have been the question, if someone named Shakespeare wrote a piece titled Investhamlet. The choice whether to be bullish or bearish or neutral on a given asset should be made each day, each time based on...

Suppose you wanted to run an enterprise the right way (we know, we know, this is pretty far-out fiction, but bear with us). And, your enterprise has a $1 million dollar piece of equipment that wears out after 10 years. You must set aside $100,000 a year, so that you...

The 21st century was ushered in by fears about Y2k and how it might impact computer programming that was already in place. Part of the concern centered on the financial markets.

Gold and silver have both been surging recently perhaps for different reasons. Gold safe haven demand has been up since the COVID inspired lockdowns increased deflationary pressures on world economies.

This week has been a wild and emotional one and it's just started! With Monday’s big pop in the stock indexes, the big rally was based on vaccine news and bullish comments from the fed, convincing most traders and investors to be overly bullish this week.

Back in March and April, a chasm opened between the dollar price of spot gold (XAU) and the front month COMEX futures contract. So-called experts reassured us that this was simply due to "logistics" and "gold being in the wrong place". Was this true, or might it...

May 19, 2020

Important weekly gold chart.Gold is consolidating after reaching substantial resistance in the $1800 area. There was wild gyration in 2012 around that resistance zone and a breakdown that disappointed investors.

History tends to repeat itself. And if not repeat, then at least rhyme. But it can’t be argued that examining what has happened and how it’s relevant to today, is valuable. After all, that’s what technical analysis is about.

The ruling of the Federal Constitutional Court sets Germany against the EU. A planned crash? Southern Europe cannot exist without tourism. But the bang will probably come from the US, which despite huge QE programmes is plunging into a depression that will make the ...

May 18, 2020

The best performing precious metal was silver, up 7.30 percent. Gold had a strong week and held above $1,700 an ounce. Bullion rose the most in a week on Wednesday after Fed Chairman Jerome Powell said that the U.S. economy is facing unprecedented downside risks...

Whenever one hears the words precious metals, gold and silver spring to mind. But this world is much richer, and precious metals don’t end with the yellow or white metal. The less well known cousins, platinum and palladium, can and do send valuable signals too....

Bill Gates, a plague and central banks have converged like the perfect storm to propel the US toward becoming a cashless society and toward using digital ID’s for all personal financial transactions. The coronavirus bound these forces together, compounded them with...

May 17, 2020

During the Great Depression, stocks lost 90 percent of their value, people lost savings and jobs. Today there are a record 33 million jobless Americans, double the 15 million jobless in the Thirties or 25 percent of the population then. And today, there are long...

The 80-day cycle is likely to have double-topped at 2955-2945 and started its down-phase which should conclude in the first week of June.  Projection is likely to be a minimum of 2650.

Last week's trading saw gold forming it's low in Monday's session, here doing so with the tag of the 1692.10 figure (June, 2020 contract). From there, a sharp rally was seen into late-week, with the metal running all the way up to a Friday peak of 1761.20 - before...

So much for "Gold's Near-Term Trend Turns Negative", the title of last week's missive, proving once again that price moves ahead of that which technical analysis later behooves. Below in the left-hand panel across Gold's last 21 trading days we see the grey diagonal...

The Dow Jones is on the rebound from its March 23rd BEV -37.5% bottom; the bottom of one, if not the steepest percentage decline in Dow Jones history.  So far its BEV 17.5% line in the BEV chart below has been the first line of resistance that has held during this...

May 16, 2020

It is my privilege now to interview our good friend, Greg Weldon, CEO and President of Weldon Financial. Greg has decades of market research and trading experience specializing in the metals and commodity markets and he even authored a book back in 2006 titled Gold...

Gold sector remains on long-term buy at the end of April. GLD is on short-term buy signal. Breakout this past week.

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