I haven’t published this Bear’s Eye View (BEV) chart for the Dow Jones since last February. Therefore, it’s time for a review. Here’s the frequency distribution for the below BEV series (left table) with a frequency distribution of the same data going back to 02...
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 12, 2016
You know what's really scary? When everything stops working. No, not when the world on balance grinds to a halt; rather when tried and true analytical signals become less reliable across our major markets mix to which we oft refer as BEGOS (Bond / Euro / Gold / Oil...
The War on Gold turned against the forces suppressing the gold price in 2000-2001 when their efforts caused gold mines to reduce production or close. Gold bulls then realised they had time on their side and could accumulate gold and of course silver as they would be...
Here is a draft of my study of where gold stock prices are headed over the next 10 years. I regard it as rather epic. You have seen gold bugs bloviate about pie in the sky numbers. However I am trying to do legit analysis to come up with a process, which justifies...
June 11, 2016
Gold sector is on a new major buy signal. Both COT data and the divergence in our cycle indicator suggest that we are at or near a major top. Silver is on a long-term buy signal. Short -term is on buy signal. COT data suggests lower prices overall.
June 10, 2016
Over the past two weeks gold stocks have surged more than 20% as the poor jobs report forced the bears to capitulate. That strong of a gold price move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday...
This is a special preview of the KE Report Weekend Show. In this week's show, we feature Joe Mazumdar, partner with Brent Cook at Exploration Insights. Joe focuses on mid-cap exploration and production companies.
Technical Analysis of The Markets Via Videos.
Assuming gold continues to decouple as the dollar completes its final intermediate rally, we could see gold trend generally higher until fall. I would think a reasonable target by then to be be between 1450 and 1550.
Gold’s strong gains so far this year have been overwhelmingly fueled by one dominant driver, massive investment buying. After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions....
George Soros is again buying gold. After a six year hiatus from the gold market, he is also selling and going short stocks due to BREXIT and EU “collapse” risk.
For the following reasons it must be a gold bull market: Gold analysts (code for gold obsessives; analysts cover asset markets, including gold), who for years pumped people to be bullish, despite an obvious bear market, are now taken seriously again as they issue...
Ever since abysmal payrolls number hit the wires, gold has performed exceedingly well. Additionally, it does seem as if there is some strong gold buying ahead of the upcoming “Brexit” vote, an event which has the potential to create a fair amount of chaos depending...
For more than three years we have watched the COMEX very closely. The initial clue to begin watching were the waterfall events where the amounts of paper gold and silver sold simply dwarfed what was being mined. I have said many times after the smack downs; "First...
June 9, 2016
The British have recently seen two unpleasant examples of the cost of pension fund deficits. A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both cases, pension fund deficits have scuppered...
Gold bullion is seeing increased sales in the UK on BREXIT “nerves” according to Reuters today:
The dollar is at an important crossroads. Its next move will have significant implications for the future price direction of the precious metals markets.
June 8, 2016
On December 7, 1941, Kermit Tyler, an untrained watch officer, was on duty when a radar operator reported to him that he was seeing a large "blip" on the radar screen headed towards Pearl Harbor. Thinking it was a flight of returning US B-17 bombers, Kermit replied...
Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P500 futures to prop the market up. Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is...
As I have been warning for weeks now, expecting a standard pullback in the metals and miners may leave you in the “DUST,” (yes, pun intended). You see, those with experience in the metals market know that the market will not usually provide much in the way of a...
The pensions’ time bomb is in “slow motion detonation” in the US, EU and internationally as pension funds around the world begin to go bankrupt.
We finally got the first dip in gold. Last week was an excellent chance to buy according to my mantra "buy the dip between $1,215 and $1,180". Unfortunately, our limit for silver was missed by just $0.02. As well our limit for UGLD was not reached. But we were very...
Stop me if you've heard this one before: A Fed official walks into a bar and says the economy is improving and rate hikes are appropriate. The patrons order another round to celebrate. Then disappointing data comes out, the high fives stop, and the Fed official...
June 7, 2016
Gold prices surged nearly 3% after the very poor jobs number on Friday. And those gains appear to be consolidating as concerns about the US economy and BREXIT deepen.
There are two patterns I’m watching very closely on the HUI, which will be a proxy for the rest of the PM stock indexes. This first chart is daily chart which shows the three small consolidation patterns that have formed since the January low. The top pattern...
In The End of Alchemy, Mervyn King, the former head of the Bank of England, writes about central banks’ frustration in dealing with the stagnant global economy. “Central banks,” he says, “have thrown everything at their economies, and yet the results have been...
The Fed traditionally embarks on an interest rate tightening cycle when inflation has started to run hot. This decline in the purchasing power of the dollar will nearly always manifest itself in: above trend nominal GDP, rising long-term interest rates and a...
June 6, 2016
A “slow-growth trap.” That’s how the Organization for Economic Cooperation and Development (OECD) described the global economy last week in its latest Global Economic Outlook. The group sees world GDP advancing only 3 percent in 2016, the same as last year with a...
On Tuesday of last week, I told the Western gold community, “This is a time for investors to position themselves for the next wave higher…and for gold stocks that wave may just begin on Friday morning!”
Gold rose at the end of last week on a data release. Short-term traders and no doubt news driven algorithms stepped in to bid gold up towards resistance. We believe these news events act as a catalyst to relieve oversold or overbought conditions. They do not alter...