With the U.S. Dollar Index breaking decisively below its long-term support level, the sun is finally setting on the golden age of American consumption.
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 15, 2007
September 12, 2007
Four charts speak volumes, with only a few words to serve as captions. Ever since the lousy August Jobs Report came out (doctored to look better than the real situation), the gold picture has experienced a sea change.
September 10, 2007
Hedging Fraudulent
September 8, 2007
Last week the gold price rose by $30. Let me admit up front that I did not see it coming. When it comes to trading, I am not as smart as I would like to be.
Now that home mortgage defaults are spreading like wildfire from coast to coast, there is a growing sense of certainty that the government will attempt to bail out homeowners and lenders.
September 7, 2007
YOU HEARD IT HERE FIRST
The Junk to Treasury spread is widening rapidly and you ain't seen anything yet.
September 6, 2007
A certain nerve has been struck a few times in recent reading on my part by the description of the USDollar as a subprime currency. How true!!!
"Gear Today, Gone Tomorrow" is an old saying in the market place, referring to the propensity for over-leveraged entities to implode. The continuing crisis in the global banking and credit markets has caused the clock to tick past midnight.
September 4, 2007
GOLD UPSIDE BREAKOUT ALERT! Gold is now in position to break above last year’s highs and embark on a major uptrend.
September 3, 2007
Below is a Relative Strength Chart of Gold:Silver (courtesy sharpcharts.com)
September 1, 2007
GLD - no buy signal yet.
August 31, 2007
The general meltdown in credit is the ideal macroeconomic scenario to launch gold into all time high territory.
This week, Larry Kudlow and others strongly chastised Bernanke for his failure to read the writing on the wall and urged the Fed Chairman to quickly slash the Fed Funds rate. Methinks the pundits doth protest too much.
August 29, 2007
That the direction of the gold price has been in a state of indecision can be seen from the following chart, courtesy stockcharts.com.
MISINFORMATION
TRIBUTE TO KURT RICHEBACHER. He was a valued colleague and an inspiration to my newsletter. Our week together in Cannes will forever be etched in my memory.
August 28, 2007
The Normal Business Cycle
August 25, 2007
GLD - on sell signal.
August 24, 2007
The current economic debate really boils down to one essential question: "Will there be a recession?" To me, the question has about as much vitality as debating whether Roger Clemens will be inducted into the Baseball Hall of Fame.
August 23, 2007
The US financial system is experiencing a combination of a heart attack (fibrillation from absent trade recycled surpluses), a massive hairball (subprime debt securities) working through the bank arteries, and a realization (like Wiley Coyote in cartoons) that
August 22, 2007
As everyone knew gold (spot) was going nowhere in the past week. During those days, the market has been developing a flag pattern in 4-hour charts. Technically, a flag is a consolidation pattern. What would happen at the end of a flag?
Gold held up remarkably well last week given the carnage all around, with silver and Precious Metals stocks cratering, and despite the sharp drop on Thursday it did not break below critical support, unlike silver.
August 20, 2007
The Gold Price is telling an important story at present. It's telling us that the days of Financial Engineering are over.
August 18, 2007
GLD - on sell signal.
August 17, 2007
The current weakness in domestic markets has recently been magnified overseas as panic spread to foreign investors with exposure to U.S. asset backed debt.
Precious metals have been one of the top performing asset classes over the past six years, and investors wanting to add a precious metals component to their portfolios are often overwhelmed by the number of investment vehicles available to them today.
August 16, 2007
This Market, including stocks, bonds, real estate and commodities have all been built on a massive amount of credit and "out of thin air" monetary creation.
August 15, 2007
Maximize life, not profits!