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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 1, 2022

Last week's price action served to remind us that big rallies and even entire bull markets are driven mainly by short covering. This doesn't happen by accident; Wall Street's quasi-criminal masterminds set short squeezes in motion using news as a catalyst.
John Feneck from Feneck Consulting joins us today to give his opinion on the Silver, Gold, Palladium, and other mining stock markets.

July 31, 2022

Last week's trading saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1727.00 figure. From there, a sharp rally was seen into late-week, with the metal pushing all the way up to a Friday peak of 1784.60 - also ending the week at or near...
As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly...
First we start with our title's last word: "recession". If you do the math and/or are a regular reader of The Gold Update, you well-understand that the U.S. Gross Domestic Product ex-inflation just recorded its fourth consecutive quarter of shrinkage.
Professional economists, perhaps tired of being asked, years ago formed a committee to officially mark the beginning and end of recessions, the NBER (Nation Bureau of Economic Research) committee considers a variety of data, but its final decision is subjective.

July 30, 2022

Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The gold miners’ stocks have been thrashed in recent months, crushed as heavy futures selling slammed gold.  That obliterated any residual sector bullishness, leaving gold stocks wildly-oversold and deeply-out-of-favor.  But having weathered a rough early summer, the...
Our proprietary cycle indicator is now UP. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term sell signal. GDXJ is on short term buy signal.

July 29, 2022

It’s been three and half tough months for gold and silver investors. Stock market and crypto investors have been suffering since November 2021 already, though. Now, after a bloodbath of almost 400 USD in the gold market, last week’s reversal looks promising. Gold –...
You may recall that your secretary/treasurer long has lamented "the rich countries insisting on being poor," the still-developing countries with large gold resources and even large gold production that nevertheless have declined to incorporate the metal into their...

Last year the Basel III regulations went into effect, with many expecting an impact on the gold and silver prices.

July 28, 2022

As expected, the Fed raised interest rates again—and Powell's dovish stance was a gift to gold miners. The USD fell, giving the GDXJ more room to rise.
Despite another hawkish FOMC meeting, gold rose again. Why? Because, as suggested by Powell, the pace of tightening is going to slow down.
In this video Gary discusses being very accurate in predicting the bottom of the bloodbath phase, only missing it by 5 days and 15 dollars.

July 27, 2022

Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. And while inflation running over 9% appears to indicate that the debate over whether inflation will prove “transitory” has seemingly been won by the “not” crowd...
With the Fed’s latest policy meeting coming up this Wednesday, where they’re largely expected to raise interest rates by another 75 basis points, where does that leave gold and silver?

July 26, 2022

Many are asking about Gold’s rise, or better yet: When, how and why it will rise? Toward this end, cold data in the face of historical facts and current recessionary realities will make gold’s rise easier to grasp.
What will the Fed meet bring for the major markets? The Brent crude oil chart.  There’s an inverse H&S bottom in play and Brent may be leading the price of Texas crude because of the Ukraine war.
It’s official: the economy isn’t going into recession. That pronouncement comes straight from the same top Biden administration official who last year declared that inflation would be transitory.
We invited Rick Rule back on the show to give his thoughts on the latest news about the JP Morgan criminal trials and how this will affect the markets. We also discuss Silver and Gold price predictions, the Fed's next move, and more.
Goldbugs can be irrational when they sell 2 days before the FOMC meeting. They'll sell with gold testing this major support zone here at the 200-week moving average. They'll sell 50-plus days into a daily cycle. Irrational moves that nobody in their right mind should...

July 25, 2022

The best performing precious metal for the week was palladium, up 10.31% as demand in China appears to be picking up with the reopening of its automobile sector.
Despite stocks' slight recent fall, their short-term outlook remains bullish. Unless gold truly plunges, junior miners have a chance to rise soon.
I have often written about the importance of the Gold to S&P 500 ratio. Gold (and gold stocks and Silver) has never been in a real, sustained bull market without outperforming the stock market.

July 24, 2022

This is what I'm reading on the charts below. The first graph (of 3), is a 15 min. bar chart of the S&P 500 from July 14 to July 22. In the first graph, I notate the waves according to obvious greater and lesser degrees.
Following a consolidation into early-week, Gold saw its low registered in Thursday's session, here doing so with the spike down to the 1678.40 figure. From there, a sharp reversal to the upside was seen to end the week, with the metal hitting a Friday peak of 1738.30...
First the "Bad" bit, (which you regular Gold followers just well-witnessed): price on Thursday (21 July) traded down to its year-to-date low of 1678, a level up to which Gold first traded on 04 August 2011, the StateSide Money Supply ("M2" basis) then less than one-...

July 23, 2022

Gold sector is on long term SELL signal as the recent buy signal has failed. The correction since 2020 drags on. Speculation at the lowest level in two years.
In response to the recent large increases in the prices of goods and services, the Fed has introduced a tighter interest rate stance. If the Fed were to follow the correct definition of inflation (an increase in the money supply), it would discover that a tight...

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