As tensions remain high between Russia and the western NATO nations, the eastern countries continue to import gold, while also making arrangements to set up their own exchanges and infrastructure.
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 30, 2022
It’s been awhile since we last looked at some of the important currencies of the world which are telling us a big story right now. I’ve often mentioned that the bigger the trading range the bigger the move which makes perfect sense if you think about. If one is...
August 29, 2022
The best performing precious metal for the week was gold, but still down 0.74%. Gold steadied after a six-day run of losses as financial markets remained on edge ahead of a pivotal annual gathering of central bankers at Jackson Hole.
As long as gold is priced in the U.S. dollar, it’s critical to keep the latter in mind. And last week, something epic happened in the forex market. Namely, the EUR/USD closed the week below the all-important 1 level. For the first time in almost two decades!
Last week for the most part, was a quiet market. Then came Friday and the Dow Jones dropped over 1000 points, becoming a day of extreme volatility, a dreaded 2% day, closing 3.03% down from Thursday’s close, taking the Dow Jones back below its BEV -10% line in the...
A frustration of dyed in the wool gold bugs is that a debt soaked system moves forward on little more than the confidence that all will remain as it has been. This confidence focuses on the Federal Reserve and it’s ability to inflate the system when needed.
As central bankers from around the world gather in Jackson Hole, investors are bracing for more rate hikes to come. The Federal Reserve is poised to hike again in September to try to cool inflation.
Lynette Zang joins us today to explain how the Inflation Reduction Act of 2022 will worsen everything. Furthermore, we talk about the Feds balance sheet and whether or not a fed pivot will make the price of Gold and Silver go higher.
August 28, 2022
Last week's trading saw Gold forming its low in Monday's session, here doing so with the tag of the 1740.20 figure. From there, strength was seen into late-week, with the metal pushing up to a Thursday high of 1778.80 - before backing off the same into the weekly...
Official history is not necessarily truthful history. Perhaps no place is more congruent with that than Africa. Not to their fault, most people tend to have a wildly superficial understanding of African history. Press narratives, imagery, and films have largely...
Asleep indeed is our once mighty Gold. Fortunately, when there's not a lot to say, we can always look at pretty pictures, for each is worth a thousand words, (if not in due course thousands to one's wealth). To wit:
August 27, 2022
Long term – on SELL signal. Short term – on mixed signals. Gold sector cycle is UP. We are now holding trading positions as no core positions should be held during a long term sell signal.
August 26, 2022
The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music.
The mid-tier and junior gold-miners’ stocks in their sector’s sweet spot for upside potential have been clubbed like baby seals since mid-April. Massive gold-futures dumping erupted as the US dollar shot parabolic on the most-extreme hawkish Fed pivot ever,...
So much for “inflation reduction.” Just a few days after signing Green New Deal legislation, rebranded as the Inflation Reduction Act, President Joe Biden has moved to completely undo its core promise by pumping hundreds of billions of dollars into another new...
As the Federal Reserve continues to raise interest rates, the impact is being increasingly felt in the housing market. And in today's video, Dave Kranzler of Investment Research Dynamics goes through some of the data and trends that have emerged that show the...
August 25, 2022
The latest S&P Global Flash US Composite PMI doesn’t bode well for the U.S. economy. The headline Flash US PMI Composite Output Index declined from 47.7 in July to 45 in August, as the chart below shows. It was the second successive monthly decrease in total...
On August 15, 1971, Richard Nixon announced that the US dollar (USD) would no longer be redeemable in gold. This was supposed to be temporary. And yet, 51 years later, here we are. The gold standard was gradually destroyed in the twentieth century. Now people are...
August 24, 2022
One reason the history of markets is fascinating is that we can glean clues about the future. History does not always repeat itself, but it often rhymes. For precious metals, the last six years lack a strong comparison.
August 23, 2022
Early this month, the S&P500 P/E ratio was 52% higher than its modern era average. By this valuation, the market is OVERVALUED. To fall back to the modern era average, the S&P500 would need to plunge to around $2,200.
As the Dow tumbled 600 points yesterday, GDX and key gold stocks closed slightly higher. Is this the sign of a turn for the miners… a repeat of January to March 2022, when the US stock market crashes and gold stocks soar?
With the USD losing influence, it would be the understatement of the year to say that we live in interesting times, for we certainly do. But despite the inevitable attacks of appearing sensational, un-American or just plain cynical, I feel a more appropriate phrase...
According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles:
People fighting for liberty, limited government, and honest money may have an unlikely ally according to Tom Luongo of the Gold, Goats N Guns blog. He recognizes a split in the monolithic powers running the world. Commercial banks may not be on board with the effort...
Despite all the fanfare and cheerleading you hear in the MSFM, the recent bounce in equity prices has just been a rather pedestrian bear market rally. Bull markets are not engendered by a faltering global economy, very high rates of inflation and the most hawkish...
August 22, 2022
The best performing precious metal for the week was gold, but still off 3.03%, with the strong surge in the U.S. dollar. Aya Gold & Silver released its first quarter production and financials this week.
Call it a recession or anything else you prefer, but the bottom line is that the prosperity of decades past is not coming back. Thinking expansively about the economy is no longer part of the American mindset, since, as should be perfectly clear to everyone by now,...
It all goes down in the same heap of rubble — zombie corporations and the junk bonds that are their sole life support and, piled on top, some of the banksters that funded them. Like a zombie apocalypse, it spreads around the world, taking out the weakest first but...
Adam Taggart from Wealthion joins the show to talk about when we can expect the fed to pivot and what this would mean for the Gold & Silver Market. We also discuss the latest unemployment news, rate hikes, and more.
Precious metals markets are giving up ground this week as investors react to the latest musings from the Federal Reserve. On Wednesday, the Fed released the minutes from its latest policy meeting. Officials acknowledged some of the warning signs of a weakening...