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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.

 

July 26, 2024

The gold miners’ stocks are enjoying a strong summer, recently surging to new bull highs.  These upleg gains should continue mounting with gold’s autumn rally providing stiff tailwinds.  Outsized Asian demand usually fuels seasonal gold gains into late September. ...

Here are today's videos and charts.

I recently viewed Finding the Money, a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT).  The video debuted this past May on several streaming platforms and theaters throughout the U.S.  Whether it succeeded or not...

July 25, 2024

It can, but it can also decline, and the latter is actually more likely. What a crazy idea, right? With the lower cost of money (interest rates), gold should be more attractive to investors (it pays no dividend), so its price should rally, right?

Gold lost its gains as today’s stock sell-off gained steam, leading to a liquidity crunch and margin calls. Still, the yellow metal is weathering the turmoil very well so far.

Gold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29.

Global debt has already tripled this century, with the dollar and most currencies having lost 98.5% of their purchasing power since 1971.

In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delved into the perils of central planning and the inherent limitations of human knowledge, drawing on insights from economist Friedrich Hayek and financial expert Jim Grant. 

Just a few days ago while both gold and silver were selling off sharply to end the week, many precious metals investors were concerned about another downturn.

July 24, 2024

Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally. 

Buckle up, folks. The global economy is teetering on the edge, and it’s about to get ugly. If you thought the 2008 financial crisis was bad, brace yourself for what’s coming next.

The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax...

GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental...

July 23, 2024

Can US fiat queen Kamala beat fiat king Donald in the nation’s next election? In these trying geopolitical times, citizens are perhaps best served by focusing less on their favorite fiat nation leaders, and more on gold.

Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it.

The best performing precious metal for the week was gold, but still down 0.80%. Total known ETF holdings of gold bottomed out at 80 million troy ounces on May 13, 2024.

You might think of gold as old-fashioned - an investment that mostly appeals to Boomers. But in the real world, it's Millennials and Gen-Zers who are clamoring for gold.

Ben Franklin once noted that “we are all born ignorant, but one must work hard to remain stupid.”   Yet, the ignorance presented by the financial media never ceases to amaze me.

Florian Grummes, Managing Director of Midas Touch Consulting, predicts that gold prices will increase as a collapse of the monetary system pushes up hard assets. Grummes expects Gold to climb to all new heights!

After a somewhat volatile trading session in the far east last night, the silver price is down another 30 cents, while gold is trading $2 lower.

July 22, 2024

Joe Biden announced Sunday that he is ending his presidential campaign, but he intends to finish the current term. This article may be political in nature, but it will have major ramifications for investors, including gold and silver bugs.

The latest gold charts are pictured below and show a series of descending price peaks dating back to 1980. There are four charts. The first two charts are for the period following the August 2011 peak. The third and fourth charts are for the period after the gold...

Bears shouldn’t get their hopes too high just because the S&P 500 plummeted for three straight days last week. The selloff seemed tightly scripted, given that the Dow Industrials were rising just as sharply at least part of that time.

If you read the latest OECD publication, “Employment Outlook 2024: The Net Zero Transition and the Labour Market,” you would imagine that the world has not gone through the largest monetary and fiscal stimulus in decades.

The stock market continued its dump on Friday, and the two-year Treasury yield saw its largest rise in nearly two months. All indices participated in the continuing slump, which has become more than just a rollover from high-tech growth stocks to more solid value...

Gold falls back into the $2300-$2400 consolidation range as Silver drops 6% on the week, threatening support at $29. The miners took a hit but weakness bought to close the week.

Gold and silver prices continued their sharp selloff on Friday morning, which follows a selloff in the stock markets this week.

This week Rafi Farber goes into the signs of increasing stress in the financial plumbing and growing signs of an incoming liquidity event.

Gary Wagner, Editor of The Gold Forecast.com, discusses the drivers of gold's latest run to new all-time highs, and where the price may go by year-end.

July 21, 2024

Upon Gold’s record run this past Tuesday into Wednesday’s fresh All-Time High of 2488, we gave pensive consideration to entitling this week’s piece as “The Joy of Being Wrong”.  After all, given Gold’s recent weekly technicals having been imbued with a rather...

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China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.

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