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...
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 22, 2013
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 their...
“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.
The recent rally in gold prices should not come as a surprise. After all, the gold market has been in backwardation for months, the three-month lease rate, reflecting the cost of borrowing gold, reached a four-year high on August 7, demand for the physical metal has...
The DOLLAR PRICE of gold briefly jumped back above $1370 per ounce Tuesday lunchtime in London, before drifting lower as world stock markets fell hard with commodities.
India’s demand for gold during the second quarter of 2013 topped all other countries, according to the latest World Gold Council data. As noted by GoldCore, the demand for gold in India rose to its “highest in the last 10 years,” with jewelry, bars and coins demand,...
Whether the stock market is in a long-term bullish trend or a long-term bearish trend can't be determined by looking at nominal prices. The reason is that the nominal price of an investment is determined by the value of the investment AND the value of the money in...
“Tolerance is the last virtue of a dying society.” (Aristotle) -- Today we have yet again tolerated another lie. We were told, by the Fed, that Q-Infinity was necessary in order to save the economy when indeed their only intended use was to
The summer is flying now. The gold price and the precious metals miners have started to look poised for a significant rally, as the USd stumbles on the f/x markets.
August 19, 2013
According to Reuters, last week India hiked the import duty on gold yet again to a record 10% and raised excise duty on the metal, as imports jumped in July despite the government's attempts to strangle supply and curb demand to rein in dollar spending.
Some of the “more common” contra-cyclical manifestations are currently not following the “rules”, which could imply the onset of a complete breakdown, i.e. we may be on the cusp of a situation where the Dollar, US Equities (leading Global) and US Treasuries are all...
If there was such a thing as a “Holy Grail” of gold charts this chart would have to be it. Gold peaked at every # 4 high and every grouping of # 1 high and # 2 high. Every gold peak was either at the upper trend line or above the lower trend line.
Following a week of explosive precious metals and mining share prices, Gary Savage, technical gold trader and publisher of the Smart Money Tracker, was kind enough to share his comments. Gary’s trading calls have outperformed most of the world’s hedge funds during 2011...
In Part I ( http://www.gold-eagle.com/article/theory-interest-and-prices-paper-curre... ) , I made several points. First, that in the last gold bear market, miners capitulated after prices were low and falling for a long time. Then they sold massive amounts of their...
August 18, 2013
Last Weekend report , Rambus Showed a Provocative Scenario For the Precious Metals Markets dubbed “What If 1 : Circa 2013″ I would like to show you two stocks we bought recently that have nice inverse H&S bases. Inverted H&S patterns are generally reversal...
According to Austrian Business Cycle Theory, when a central bank slows its money printing that has fueled a manipulated stock market boom, the stock market is very vulnerable to a crash.Murray Rothbard in his book
August 17, 2013
Gold finished Friday up $14.10 on average volume to 1375, with silver up $0.25 to 23.18 on heavy volume. The gold/silver ratio dropped to 59.31. Silver's 50 day MA has flattened and is beginning to turn up. The last time silver's 50 MA was moving up was mid-...
The good news is: The market averages are likely to be at or near their low point for this month. The Negatives: New highs have disappeared. There were 406 new lows on the NYSE last Thursday, that is huge.
Finally, a classic example on the importance of reading developing market information, as shown in a chart! For the past several months, everyone interested in Precious Metals, PMs, has been deluged with never-ending fundamental information about the unprecedented...
All precious metal equities are on a Buy Signal short-term – although they continue to remain on a Sell Signal long-term.
August 16, 2013
We use the 20+ Year T-Bonds ETF (TLT) as the surrogate for long bond timing. As of 5/20/2013 TLT is on a Trend Model NEUTRAL signal, which means that the model has been out of bonds but not short. The LT Trend Model, which informs ou
Recently Contributing Editor Morris Hubbart has been providing his gold and silver market analysis via videos. Here are his latest videos:
Over the years that I’ve published my research letters, I have routinely observed selective thinking. In reality, what I have found is that rather than seeking the truth, people actually seek out opinion that supports their own. Now, this may or may not always...
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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
