The gold miners’ stocks have surged in 2019, blasting higher after gold’s first bull-market breakout seen in several years. That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment. That grinding...
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.
November 1, 2019
Precious metals markets enter November’s trading with bulls eying a potential year-end rally. Gold and silver prices did manage to post gains on Wednesday and Thursday after the Federal Reserve announced a quarter point rate cut. But the Fed followed up its move...
Gold has shrugged off the latest blather from the Fed and looks bound for at least 1536. Some Rick's Picks subscriber caught the move, and I'll show you how. T-Bonds have also caught fire and deserve a look.
While we have the minimum waves now in place to consider that the pullback/correction we have been tracking for the last two months has completed, and the market has clearly held the support we have outlined which we expected to hold during this pullback, questions...
October 31, 2019
Yesterday, that was already the third time this year when the Fed cut interest rates. In response, the price of gold erased earlier losses. That sounds a bit fishy. What is going on?
The US Fed cut rates again by 25 basis points, the third time this year. Prior to the start of 2019, the US Fed gave guidance that 3 to 4 more rate increases were planned for 2019. What the heck happened to the US Fed and what has them so freaked out that they...
“It may be time to replace bonds with gold” according to the just released excellent new Investment Update by the World Gold Council.
Are you feeling lucky and you want to play a game of chance? Well, there just happens to be a seat open at the Crimax poker table. It's just like regular poker, but the Crimax has one rule that is unusual. Your bankster opponents have unlimited capital to bet, and...
October 30, 2019
Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher.
Wednesday afternoon brings the conclusion of The Fed's latest FOMC meeting, and the remainder of this week brings all sorts of U.S. economic data. All of this will impact gold and silver prices...but in which direction?
Tennessee Ernie Ford sang about the plight of coal miners decades ago. His song remains relevant in today’s increasingly crazy world.
“Money is a matter of functions four: a medium, a measure, a standard, a store.” Most of the talk was structured around discussing these functions. Medium is pretty obvious: the dollar is the universal medium of exchange. It is basically frictionless, trading at...
A very short video of Ray Dalio.
October 29, 2019
The Brexit saga continues. Both the U.S. and China’s industrial sectors suffer from the trade war. How will the Fed react to these downside risks tomorrow? The expectation is that it’ll cut rates, but will that really happen? And how will gold take to that?
The GOAU ETF continues to show case the most impressive technical action in the entire precious metals ETF sector. A bull wedge breakout with a pickup in volume is in play.
To repeat: AAPL is the only stock we need follow closely to know whether a major top looms for the bull market. The logic is simple: Because Apple is the most valuable company in the world, its shares top institutional investors’ must-own list.
Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again.
“Follow the trend lines, not the headlines.” The quote, attributed to former President Bill Clinton, is one of my favorite pieces of advice. Clinton was referring to long-term data that show that conditions have actually been improving for the human race despite...
October 28, 2019
There is a significant amount of frustration from the bulls and bears alike as the market has been basically in a trading range for many, many months. So, before we go into my expectations for the coming months, I want to review how we got here.
In our previous article, we told you about a shocking analogy in gold stocks and what it implies for the following months for gold and the rest of the precious metals sector. Of course, gold stocks are not the only part of the precious metals market that practically...
It is my privilege now to welcome in Chris Powell, Secretary-Treasurer at the Gold Anti-Trust Action Committee, also known as GATA. Chris is a long time journalist and hard money advocate, and through his tireless efforts at GATA, he is working to expose the...
This ageing bull market may soon face the third market collapse since the year 2000. Nobody can predict the exact starting date of its decline—but either a recession or stagflation will surely be its catalyst. During the next debacle, the typical balanced portfolio...
Fed rate cuts have been the driving force of the recent gains in precious metals. This is not a surprise to our readers as since 2018 we argued that a shift in Fed policy from rate hikes to rate cuts would springboard the next big move. History argued the same.
SPX pushed a little higher last week, breaching the recent high of 9/15 by a tad, and challenging the all-time high of 3028 which is likely to be surpassed before this move is over. This “exuberance” does not come as a surprise, since it was expected.
October 27, 2019
Since 3rd of September, gold and the SPDR Gold Trust ETF (GLD) have been consolidating for nearly two months and now seem to be getting ready for the next move higher! With the breakout of the triangle a first bullish indication is on the table. After next week’s...
Of the 43 trading weeks thus far in 2019, there've been but 19 (44% of 'em) for which Gold and Silver have both recorded net gains. For the other 24 weeks, Gold and Silver either have both recorded net losses (14 weeks) or have wandered away from one another (10...
There are three independent cycle turn indicators all identifying the period from November 26th through December 6th as a high probability for a stock market trend turn. The direction of the stock market trend going into this period will be reversed. The fact there...
October 26, 2019
Our proprietary cycle indicator is down. Gold sector is on major buy signal. Gold sector cycle is down, a multi week consolidation/correction is in progress but may have ended this week.
October 25, 2019
Gold has stalled out, drifting sideways to lower for nearly a couple months now. Traders are becoming more frustrated its preceding powerful rally has failed to resume. That is inexorably eroding this past summer’s bullish psychology. Corrective phases to rebalance...
Since 2016, the US Monetary Base has declined by about 23.68%. This is the deepest and longest decline since the Federal Reserve was formed. This should not be ignored. The last time there was a decline close to this magnitude, there was a sharp deflationary...