As the stock market starts off September with a sharp selloff, gold and silver markets are showing relative strength.
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 8, 2024
Per our prior missive on Gold having recorded its second-narrowest trading week of 2024 (by percentage distance between high and low), now this last week’s performance perhaps is best categorized as “stodgy”, which by the Oxford English Dictionary (for you...
September 7, 2024
For the fourth straight month, gold-backed ETFs increased their net gold holdings. Funds in every region reported net inflows of gold with Western funds leading the way.
Our proprietary cycle indicator is DOWN. Current data suggests lower gold prices overall. Our ratio is on sell signal. Trend is now down for gold stocks.
September 6, 2024
In the entire commodity sector, only crude oil is more widely used. And given the increasing importance of all-things-electronic, copper is unlikely to be forgotten anytime soon. This doesn’t mean that the only way in which its price can move is up (far from it),...
This gold bull’s latest upleg has proven mighty, surging to many new nominal record highs. Amazingly gold’s massive gains have accrued despite no demand from one of its primary drivers. That’s differential gold-ETF-share buying by American stock investors. ...
No amount of wishful thinking and baseless proclamations will change that. Owning gold stocks (miners) instead of the actual physical metal (in other words, processed and refined with appropriate hallmarks and in tradable form) is a losing bet. Investors should...
Here are today's videos and charts.
Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has hit new all-time highs more than 20...
As the West exploits the dollar-based global financial system to crack down on its perceived enemies, Russia is building its own workarounds... using physical gold and oil.
In a typical healthy market, the yield curve (typically the spread between the US 10-year Treasury note and the 3-month or the 2-year note) shows lower returns on short-term investments and higher yields on long-term investments. This makes sense, as investors earn...
As we approach this year's BRICS meeting next month in Kazan, while reports of a 40% gold-backed 'Unit' payment settlement currency continue to emerge, Russia has just announced that they are allocating $1.9 billion for gold and foreign currency purchases over the...
September 5, 2024
Today’s decline is significant not only because it confirms the post-U.S.-Labor-Day tendency in gold, but also because it’s another step toward creation of a bearish head-and-shoulders top formation.
According to Bidenomics, it’s new construction everywhere and robust consumers. Yet, today, as the tech sector in US stocks saw shares slammed down around 4%, NVIDIA, which so many stock promoters said could not see a collapse like the dot-com bust, fell almost 10%...
In the latest episode of Money Metals’ Midweek Memo, host Mike Maharrey explored two key financial topics: the surge in central bank gold purchases and the historical perspective of the Federal Reserve's balance sheet activities, with a focus on inflation.
Gold continues to trend sideways against the 60/40 portfolio. But that could change over the months ahead.
September 4, 2024
On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years.
According to some “experts,” there is an urgent need to remove cash from the economy. It is held that cash provides support to the “shadow economy” and permits tax evasion. Another justification for its removal is that, in times of economic shocks, which push the...
Central bank gold buying more than doubled in July, as policymakers showed a continued commitment to increasing the percentage of yellow metal in their reserves.
Vince Lanci provides reasons why Gold might selloff in the next week or two but otherwise is in excellent standing. We discuss the recent margin changes for Gold & Silver, what could transpire after the first rate cut and more.
The gold price has dropped every September since 2017, with an average decline of 3.2% over the month. And September has also commonly been one of the worst months for stocks, with an average decline of 1.5% in the S&P over the past decade.
September 3, 2024
Gold’s record-setting rally above $2,500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors pile back in.
Is the Fed making another mistake? The next Fed meeting and interest rate decision is scheduled for September 18. Analysts in both the gold and mainstream investing communities feel that rate cuts should have already happened, and the central bank is “behind the...
It was always inevitable that the GOLD price would reach $ 1 million! So, now we are there. The price for a 400-ounce gold bar has now reached $ 1 million.
A “commodity supercycle” is a period of consistent price increases lasting more than five years, and in some cases, decades. The Bank of Canada defines it as an “extended period during which commodity prices are well above or below their long-run trend.”
The miners are at multi-resistance and Gold, while trending higher has not ignited or accelerated yet. With Silver lagging Gold, the sector could correct.
We're approaching what's traditionally known as gold 'sell-season.' Although as Vince Lanci explains in this morning's show, there's a chance we won't see the normal pattern repeated this year.
September 2, 2024
There is a reason why the cartel manipulation in Gold broke when they were unable to get gold below $2,000.
Elliot Wave Analysis of key markets.
September 1, 2024
As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading into the fall.