Recession has already occurred or is on its way.. Somebody should tell gold about it! Is a recession really coming? We already know that the yield curve inverted last month for the second time this year, but what are other indicators of looming economic troubles?
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 12, 2022
The fundamentals of the gigantic American companies dominating the major indices are more important than ever. The US stock markets plunged into a bear market last quarter, hammered lower by the Fed’s extreme tightening. That along with raging inflation also...
Following a severe selloff in the gold and silver markets over the past few months, the prices of both metals have rebounded over the past 2 weeks.
August 11, 2022
A positive economic surprise! The US labor market added 528,000 jobs last month. As the chart below shows, the number is above June’s figure (+398,000) and much above the market expectations (MarketWatch’s analysts forecasted only 258,000 added jobs).
Gold is… A pretty rock that is dug out of the ground. This heavy rock has been assigned value by humans since time immemorial. That value has been its stability as an asset, a refuge from the excesses of rampant speculation, the likes of which often visit stocks (e....
August 10, 2022
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since the period ending December 1981.” What is causing this?
August 9, 2022
The 2021-2025 war cycle is poised to intensify in the coming years… and perhaps in the coming months. Did Nancy Pelosi visit Taiwan to deliberately create a war with China?
The best performing precious metal for the week was platinum, up 4.47% as Impala Platinum reported weaker production for the quarter. Rough diamond prices have continued their ascent, unphased by the deteriorating consumer sentiment, with Anglo American reporting...
Gold has a unique appearance. It is also astonishingly heavy—much heavier than it has any right to be. It’s just an inch and a quarter in diameter yet weighs 0.075 pounds. Everyone should hold one in his hand (and own a few).
While the mainstream media in the US seems to rarely talk about the gold and silver markets, it was interesting to see a report by CNBC's Jim Cramer address how now could be the time to buy gold.
August 8, 2022
The Bear Market is not over. In this article we will first take a look at the big picture, then focus on the recent rally, when and where it is likely to top, and the nature of the next decline, which we believe will be significant.
The market this week was a bit on the boring side, but that is how things on Wall Street usually go. Following the market is much like following a daily soap opera on television. Not every episode is exciting, but you have to see most episodes to follow the story...
Rising geopolitical tensions helped push gold prices up this week. The monetary metal ran to $1,800 an ounce on Thursday. As of this Friday recording, gold is pulling back some and comes in at $1,781 now – up 0.4% for the week.
Today, Gary Wagner joined us to discuss Gold & Silver price targets. We also discuss the U.S. dollar and how it hasn't been this strong against the euro in 20 years, the potential Fed pivoting soon & more.
August 7, 2022
Following early-week strength, Gold formed its low for last week in Wednesday's session, here doing so with the spike down to the 1770.00 figure. From there, a firm push higher was seen into Thursday, with the metal running up to a peak of 1812.00 - before backing...
After 18 rather ingloriously agonizing weeks of Gold's "parabolic trend" being Short, it has at long last finally flipped to, well, Long. "A little drum-roll please, have a cigar, and nice to see you again sometime!"
August 6, 2022
Gold sector is on long term SELL signal as the recent buy signal has failed. The correction since 2020 drags on.
August 5, 2022
Have you ever wondered what the yield curve’s favorite song is? Neither have I, but I bet that in July it was Britney Spears’ hit, Oops, I Did It Again! Indeed, the yield curve inverted again last month, for the second time in 2022. It means that long-term rates...
The Friday jobs report could bring a pause in the current rallies but then I think we rally right into September!
The gold miners’ stocks have been hammered to deeply-undervalued levels in recent months. Slammed by heavy gold-futures selling driven by an extreme parabolic US-dollar surge, the gold stocks have been largely abandoned. That left their stock prices anomalously...
The real price of gold has started to trend higher. When we say “real” price of gold, we refer to gold’s performance against the other asset classes and markets. We monitor gold’s performance against the stock market, foreign currencies, and commodities.
After a decade of low-interest rates, the Federal Reserve has surprised the market not only with its interest rate hikes but also with the aggressiveness of the pace.
August 4, 2022
Traders expect the U.S. Fed to soften as Chairman Powell suggested they have reached a neutral rate with the last rate increase. The US stock markets started an upward trend after the last 75bp rate increase – expecting the U.S. Fed to move toward a more data-driven...
Ladies and gentlemen, please welcome the technical recession! According to the initial measure of the Bureau of Economic Analysis, real GDP dropped 0.9% in the second quarter, following a 1.6% decline in the first quarter (annualized quarterly rates). As the chart...
Gold has just witnessed a successful support test of a critical level which keeps the technical model bullish until proven otherwise. In this article, we will detail the technical test just witnessed, and what the expected outcome will be for gold as long as support...
Two weeks ago, I wrote about the potential for a rally in gold stocks. They were extremely oversold, trading at support, and the selling was abating. Precious Metals bottomed before the Fed decision last week and jumped higher following the decision. This week they...
Doug Nolan, author of Credit Bubble Bulletin, makes the following observation about how it is the investments and nations that exist on the periphery to the main economic streams that have the most risk and see the first de-risking when things begin to crumble:
August 3, 2022
Once again, the US is facing a recession which Main Street feels, Wall Street whistles past, and DC simply denies. Below, we look at these recessionary forces and delusional policy makers in the context of blunt-speak rather than Fed-speak so that we can best...
August 2, 2022
Oil and gasoline prices continue to fall. That’s relieving some inflationary pressures, yet gold is surging in a dramatic rally from my $1675 buy zone.
In yesterday’s analysis, I wrote the following right below the USD Index charts: This move is in tune with what we saw at previous local bottoms. The RSI moved slightly below 50, and it’s the turn of the month – this combination was enough to trigger rallies in the...