Bitcoin, the world’s leading cryptocurrency, is entering a period historically marked by reduced trading activity and price stagnation, often referred to as the “summer doldrums.” This seasonal weakness, typically observed from early June to early October, has been...
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.
June 24, 2024
Early ruling monarchs would ‘clip’ small pieces of the coins they accumulated through taxes and other levies against their subjects. The clipped pieces were melted down and fabricated into new coins. All of the coins were then returned to circulation. The clipped...
The disconnect between tight Fed policy and a U.S. economy on the brink of recession is growing more unsettling every day. A key question is which economy we are talking about, since there are two distinctly different ones that Fed actions can affect.
Jeffrey Tucker, the founder and president of the Brownstone Institute, shares his views on where gold and silver are heading.
Latest whipsaws in Gold cloud prognosis into next week and the end of month and end of the quarter.
June 23, 2024
From comments made in my past articles, Gold was ideally headed down into the late- May to early-June window, before setting up the next key low. With the recent action, we have either formed that low (yet to be confirmed), or else we have a marginally lower low...
To be sure, our recent missives have been near-term negative for Gold, at least technically so, an eye to the 2247-2171 zone apropos. Still, as you know, Gold these past two weeks has been fundamentally grappling to gain grip, albeit settling this past week ...
The Dow Jones’ last all-time high (BEV Zero) in this BEV chart was on May 17th, over a month ago. That seems like a long time, maybe the advance that began last November is over. Well, if someone wanted to next week begin selling all their positions, exit the...
June 22, 2024
Our proprietary cycle indicator is DOWN. Current data favors overall lower gold prices. Our ratio is on a new sell signal.
A few weeks ago, gold sold off on news that the People’s Bank of China didn’t add any gold to its reserves in May. At the time, I called it a “kneejerk reaction,” and said the news wasn’t “a particularly good reason to sell gold.”
Amid a grim new forecast for the national debt, precious metals markets have been volatile recently. The gold market found support at the $2,300 level last week and has remained well above that level for days.
June 21, 2024
Did today’s decline in gold surprise you? It shouldn’t – during Thursday’s rally, gold moved to two resistance lines.
The gold miners’ stocks have been grinding lower for a month now, sapping traders’ enthusiasm. But this is par for the gold-summer-doldrums course, what typically happens in June.
I have a fresh SGS system bull signal for the precious metals sector. We are significant buyers, and from here it’s all about letting the good times roll! Here are today's videos and charts.
Gold, silver, and platinum closed above the prior week's highs, and I see the potential for cycle lows. Miners gapped through their respective 50-day EMAs on Thursday, and one more strong up-day would establish a bottom.
Rick Rule provides some history lessons on juniors in the 1960s and 1970s and shares his current thoughts on developers, producers and explorers.
June 20, 2024
The charts for gold and silver continue to look very positive and this looks like a good point to buy the sector after the correction of the past month that has caused quite severe reactions in a number of PM stocks.
At the end of a monetary era a number of dominoes will keep falling, initially gradually and then suddenly as Hemingway explained when asked how you go bankrupt.
Author and historian Yuval Noah Harari recently commented that Bitcoin is a currency of “distrust,” emphasizing that “the preference for Bitcoin is based on distrust of human institutions.” He argues that “the whole purpose of money is to create trust between...
Most gold and silver investors are well aware by now that the central banks have set records for the amount of gold they've purchased in the last 2 years.
June 19, 2024
Bitcoin was heralded as the new gold. But the “old” gold ultimately managed to move above its 2021 highs, while the “new” gold didn’t. Gold didn’t disappear; they both coexist, and they both have a strong anti-dollar vibe.
Shedding its long-standing price sensitivity to the price of gold, Thailand is currently a gold buyer driving the price up, just like China. Present changes in the global gold market, in which pricing power is shifting East, could be a precursor to a transformation...
Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent. During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was selling a good move?
The Gold price against the US Monetary Base and the percentage backing of our current Gold reserves (at the current market price) shows how far cheap Gold is compared to levels of the last bull market.
Over the past few months reports have emerged that the BRICS are now more actively moving along plans for a gold-backed settlement currency called 'The Unit.'
June 18, 2024
It will be a quick update today, as the situation is almost identical to what it was in the previous days. In other words, the situation is developing in line with what I wrote previously.
The significant synergy between the Dow (US stk mkt) and gold bullion continues.
On Whit Monday, May 20th, the price of gold reached a new all-time high of USD 2,450. However, this milestone was immediately followed by a sharp pullback to USD 2,287, from which the gold market has so far been unable to recover sustainably.
The best performing precious metal for the past week was gold, up 1.00%. The World Gold Council (WGC) published its gold ETF flow data for May this week. Gold ETF holdings saw their first monthly inflow in 12 months, totaling $529 million or 8.2 tons.
The steepening in the yield curve from inversion to above 0 is the best indicator of an imminent recession. The decline in the 2-year yield relative to the Fed Funds rate usually precedes the start of rate cuts, which is bearish for the stock market and economy in...