The Affordable Care Act, No Child Left Behind, and the USA PATRIOT Act received new competition for the title of Most Inappropriately Named Bill when Senate Democrats unveiled the Inflation Reduction Act. This bill will not only increase inflation, it will also...
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 2, 2022
In this 30-minute conversation with Elijah Johnson of Liberty Finance, Matterhorn Asset Management principal, Matthew Piepenburg, discusses the recent Fed rate hike and its broader implications for global markets in general and the gold price in particular.
The time is now for the broad market rally to gain a following. It’s a bear market. The trends make that assertion, not me. But as noted in an NFTRH update on July 28th…
With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy.
As the economy heads into what looks an awful lot like a recession, gold and silver markets are making a comeback. Gold is rallying 2.1% this week to bring spot prices to $1,772 an ounce.
August 1, 2022
The best performing precious metal for the week was silver, up 8.88%, likely on short covering around the Federal Reserve hiking the borrowing cost. Gold climbed this week after the U.S. economy shrank for a second consecutive quarter, reports Bloomberg, pushing the...
Despite gold’s latest move higher, its outlook remains bearish. If its 2012-2013 pattern is to repeat, it means gold is now preparing for a big fall.
Last week's price action served to remind us that big rallies and even entire bull markets are driven mainly by short covering. This doesn't happen by accident; Wall Street's quasi-criminal masterminds set short squeezes in motion using news as a catalyst.
John Feneck from Feneck Consulting joins us today to give his opinion on the Silver, Gold, Palladium, and other mining stock markets.
July 31, 2022
Last week's trading saw Gold forming its low in Tuesday's session, here doing so with the tag of the 1727.00 figure. From there, a sharp rally was seen into late-week, with the metal pushing all the way up to a Friday peak of 1784.60 - also ending the week at or...
As reported in my new Daily Doom news section, which I try to update twice daily, real GDP fell even further for a second quarter in a row. While we all know what that means, you can count on the Federal Reserve, the federal government and even economists regularly...
First we start with our title's last word: "recession". If you do the math and/or are a regular reader of The Gold Update, you well-understand that the U.S. Gross Domestic Product ex-inflation just recorded its fourth consecutive quarter of shrinkage.
Professional economists, perhaps tired of being asked, years ago formed a committee to officially mark the beginning and end of recessions, the NBER (Nation Bureau of Economic Research) committee considers a variety of data, but its final decision is subjective.
July 30, 2022
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The gold miners’ stocks have been thrashed in recent months, crushed as heavy futures selling slammed gold. That obliterated any residual sector bullishness, leaving gold stocks wildly-oversold and deeply-out-of-favor. But having weathered a rough early summer,...
Our proprietary cycle indicator is now UP. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term sell signal. GDXJ is on short term buy signal.
July 29, 2022
It’s been three and half tough months for gold and silver investors. Stock market and crypto investors have been suffering since November 2021 already, though. Now, after a bloodbath of almost 400 USD in the gold market, last week’s reversal looks promising. Gold –...
You may recall that your secretary/treasurer long has lamented "the rich countries insisting on being poor," the still-developing countries with large gold resources and even large gold production that nevertheless have declined to incorporate the metal into their...
Last year the Basel III regulations went into effect, with many expecting an impact on the gold and silver prices.
July 28, 2022
As expected, the Fed raised interest rates again—and Powell's dovish stance was a gift to gold miners. The USD fell, giving the GDXJ more room to rise.
Despite another hawkish FOMC meeting, gold rose again. Why? Because, as suggested by Powell, the pace of tightening is going to slow down.
In this video Gary discusses being very accurate in predicting the bottom of the bloodbath phase, only missing it by 5 days and 15 dollars.
July 27, 2022
Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. And while inflation running over 9% appears to indicate that the debate over whether inflation will prove “transitory” has seemingly been won by the “not”...
With the Fed’s latest policy meeting coming up this Wednesday, where they’re largely expected to raise interest rates by another 75 basis points, where does that leave gold and silver?
July 26, 2022
Many are asking about Gold’s rise, or better yet: When, how and why it will rise? Toward this end, cold data in the face of historical facts and current recessionary realities will make gold’s rise easier to grasp.
What will the Fed meet bring for the major markets? The Brent crude oil chart. There’s an inverse H&S bottom in play and Brent may be leading the price of Texas crude because of the Ukraine war.
It’s official: the economy isn’t going into recession. That pronouncement comes straight from the same top Biden administration official who last year declared that inflation would be transitory.
We invited Rick Rule back on the show to give his thoughts on the latest news about the JP Morgan criminal trials and how this will affect the markets. We also discuss Silver and Gold price predictions, the Fed's next move, and more.
Goldbugs can be irrational when they sell 2 days before the FOMC meeting. They'll sell with gold testing this major support zone here at the 200-week moving average. They'll sell 50-plus days into a daily cycle. Irrational moves that nobody in their right mind...
July 25, 2022
The best performing precious metal for the week was palladium, up 10.31% as demand in China appears to be picking up with the reopening of its automobile sector.