I frequently receive comments about the strength of the United States economy and the unfairness of perceiving things as less than stellar. Is it really the “strongest economy ever”? It’s evident that it’s far from being the “strongest economy ever.”
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 9, 2024
With the rising risk of a recession and bear market and ensuing volatility impacting all asset classes, here are the five charts Gold investors should follow.
What triggered the stock market falls this week. Why investors must not buy the dips in stocks. The dangers facing the world due to irresponsible deficit and debt creation. Warren Buffet’s clear warning signal. Why so few understand gold – only 0.5% of global...
August 8, 2024
Gold and precious metals have performed well over the last few years. Central bank demand, De-dollarization, and other foreign sources of demand pushed Gold to break out of its 13-year cup and handle pattern.
When I was about 7 years old, my friend Tommy and I decided we were going to dig a cave. We envisioned a massive cavern we could stand up in. It would be our secret fort. We went as far as digging a pretty deep hole in Tommy’s backyard.
The stock markets around the world are sliding, and so does bitcoin – just as I warned. Miners invalidated their tiny breakout, closed below the July low on Friday, and they are poised to slide even more.
Last Friday, the Bureau of Labor Statistics reported that the unemployment rate had jumped to 4.3% in July. The pace at which unemployment is rising matches the speed often found in the early stages of a recession — an indicator known as the Sahm Rule.
The Fed can easily be made to work but nobody apparently wants it to, or we’d change it. This rose bush puts out only flowers that only stink and wither, but it has thorns the size of your fingers that cling to your pockets and tear at your flesh.
The financial landscape experienced a seismic shift last week, reminiscent of hitting rumble strips on the interstate—jerking investors awake to the underlying economic dangers.
August 7, 2024
And in the blink of an eye, the expectation of a “soft” landing turned into worries about a crash landing! It was a bloody Monday in the stock market as analysts digested the dreary jobs report released Friday and suddenly discovered the rot in the economy’s...
Robert Sinn, @GoldfingerCapital & @CEOTechnician shares his outlook for Gold over the coming months. He also discusses Silver and the stock market.
Despite this year's rally in gold and silver, so far the western investor has mostly remained on the sideline.
August 6, 2024
US stock market crash season is underway. Every year I urge equity investors to sell out of the stock market on Aug 1… to avoid what can be life-changing carnage.
The best performing precious metal for the week was platinum, up 2.10%. Gold was the second-best performer as it climbed toward record-high levels on Friday as traders flocked to haven assets ahead of key U.S. economic data.
The Sahm Rule is getting airplay, but Sahm is not what I am… it is just one unexceptional and somewhat lagging indicator to the coming recession
Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s...
August 5, 2024
The bond market seems convinced that interest rates are headed lower for now. The chart (source) below s
It's no longer a question of whether the Federal Reserve will cut interest rates. It's a question of how soon central bankers will cut and how big they will go.
Fiat currency and the Federal Reserve have long been subjects of debate and criticism for their perceived failures in achieving key economic objectives.
Despite central bank gold buying slowing moderately in the second quarter, it set a record through the first half of 2024.
I'm going to go over some factors that could affect where gold could end up in September. A lot of this just boils down to whether or not the stock market is at the start of a move into a major four-year cycle low, pullback, or if this is just going to be a run-of-...
The Bretton Woods financial system collapsed in 1971 when President Nixon severed the link between the dollar and gold – the US dollar was now a fully floating fiat currency and the government had no problem printing more money.
What sunk stocks today? The first thing to cause the slide in stocks was data that expanded on yesterday’s poor jobs data, which had shown a decline in new jobs. Today, we see a corresponding rise in unemployment.
Precious Metals selloff to end the week and it was led by Silver and silver stocks. The yield curve is steepening and warning of a recession. That is exactly when Gold usually begins to outperform the stock market.
It's getting hairy out there. War may be imminent in the Middle East, and both stocks and commodities are dumping simultaneously. Gold, however, isn't selling off, pushing through $2,500 this week to new all time highs. Silver is lagging, which suggests traders may...
August 4, 2024
As the national debt soars to yet another new milestone, gold prices are ascending toward a new record of their own.
Futures contacts — far and away the most liquid non-physical form of Gold trading purely by price — regularly “roll” from one expiry month to another, (but not consecutively), the current leap per this past Wednesday being from August to now volume-dominant December...
This week the market was down big, with lots of people selling. Of course, with every trade there always is a seller, and a buyer. But this week the buyers were offering less, which the sellers were willing to take.
August 3, 2024
Gold sector cycle is up. Trend is up for gold and gold stocks, down for the USD. We are now neutral and will wait for the cycle to turn down to take short positions.
During its July meeting, the Federal Reserve signaled that a rate cut is likely in September. In his post-meeting press conference, Jerome Powell said, "If we were to see inflation moving down ... more or less in line with expectations, growth remains reasonably...