Gold and gold stocks have been a disappointment over the last two years as they failed to perform amid rising inflation. With the Fed hiking rates, real yields rising, and the economy likely entering a recession, sentiment is the polar opposite of two years ago....
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 16, 2022
The FOMC's interest rate hike by 75 basis points to fight inflation became a fact. What do the Fed's hawkish actions and plans mean for the gold market?
June 15, 2022
Gold didn’t react to rising inflation in May as expected and sank. The reason is strengthened expectations of steeper interest rate hikes by the Fed.
With the S&P diving deeper into bear territory today, it solidly confirmed its status as a bear. While it entered the bear’s woods on Monday by closing at 21.8% down, it shoved its nose deeper into the dirt today like a rooting bear will do to affirm its new...
Gary Savage looks at gold and its expected volatility after the F1C meeting but that gold is doing what it typically does so far.
The rolling average 3-month rate of inflation in the United States has now reached 10.7%. This is an important number as it represents the first time that we have a full three months of inflation data - March, April, and May - that includes the economic impact of...
Money supply growth fell slightly in April, falling below March's eight-month high. Even with March's bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years.
Senator Elizabeth Warren and President Joe Biden claim that inflation is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under even more regulation...
June 14, 2022
A major inflation cycle has well-defined stages. To prosper, investors need to allocate capital to the dominant theme of each stage.
As predicted, gold stocks are gradually declining. Their situation is unlikely to improve - the Fed is already planning another interest rate hike.
Friday’s Consumer Price Index Report sent shockwaves through financial markets. The 8.6% annual reading was yet another new multi-decade high – dealing a body blow to analysts who believed inflation pressures had peaked.
Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of goods and services on average. Even under unsound money regimes there are powerful forces operating towards lower prices once the...
June 13, 2022
Before I set out on my usual magna parabolum, I want to set the record straight in light of the magnitude and frequency of market commentary that would have us all believe that we are soon approaching a market bottom, all based on set after set of “Rules Based...
In the Extra Gold & Silver Trading Alert that I sent over the weekend, I explained why Friday’s upswing was most likely unsustainable. We didn’t have to wait long for the market to agree with me.
In this week’s Live from the Vault, financial advisor and former ‘Wall Street whiz kid’, Peter Grandich presents Andrew Maguire with his case for the impending collapse of the US dollar.
With all of the factors in place to support a big move higher in the precious metals sector (raging inflation, escalating geopolitical tensions, recessionary economy, etc.), the recent market action is frustrating to say the least.
With FOMC on tap with an upcoming .5% rate hike, gold got hammered and bounced back with a vengeance on ‘CPI’ Friday. The Fed will raise the Funds Rate at least .5% next week. So says not me, but the wise guys whose job it is to correctly anticipate FOMC policy....
The best performing precious metal for the week was gold, up 1.41% after the market digested the Friday CPI print of 8.3%. India's gold imports for May jumped 677% in one year, the highest surge seen on a yearly basis.
June 12, 2022
The steady increase in interest rates coupled with references to inflation has some people scratching their heads. Not surprising. The two don’t necessarily go together. For now, let’s see if we can add some perspective to interest rates.
This week closed with the Dow Jones’s BEV at -14.69%. Which comes close to answering the question I posed last week; which BEV line does the Dow Jones break next; its BEV -5% or BEV -15%? Its BEV -15% line I’m expecting to come next. The Dow Jones should see a BEV...
Following an early-week consolidation to the downside, Gold saw both its high and low for last week registered in Friday's session, with the low made in early-day trading with the tag of 1826.50 - followed by a spike back to new highs for the swing with the late-day...
Investor and analyst Lyn Alden join us today to discuss her views on the current state of the economy, and where is she currently investing. We also talk about the potential real growth moving forward and how to prepare for what's coming next.
That title ain't sayin' that much: but 'tis better than returning to the 1700s. And 'tis based on a technical quirk at which you might smirk, but with Gold having so far survived its underlying support zone (1854-1779) here goes:
June 11, 2022
Our proprietary cycle indicator is down, but bottoming. GLD is on short term buy signal. GDX is on short term buy signal. GD.to is on short term buy signal. GDXJ is on short term buy signal.
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
The US Bureau of Labor Statistics released new Consumer Price Index data this morning, and it shows price inflation in May surged at the fastest rate since 1981. The overall CPI showed prices increased last month at a rate of 8.6 percent, year over year. That’s...
June 10, 2022
Gold investment demand should be soaring with serious inflation raging, catapulting gold way higher. Yet recently it has greatly lagged fast-rising general price levels, confounding contrarian investors. But history argues this anomaly won’t last, that eventually...
If history is to repeat itself to some extent, junior miners have a chance to make minor corrections. However, is it worth leaving short positions now?
The war in Ukraine brings multiple negative consequences, not only to the world economy. Russia's invasion also has a wide impact on the gold market.
June 9, 2022
Gold was tracking the average of all bull market corrections and the ensuing rebounds until the recent decline below $1900. As a result, the best historical comparison is the 2016 to 2018 correction. That correction ended a few months before the Fed’s last rate hike...