By now, it's a fait accompli that the FOMC will announce a QE taper schedule on Wednesday at the conclusion of its November meeting. How the COMEX precious metals react to this news will likely set the course for the remainder of 2021.
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.
November 3, 2021
After sitting on the sidelines for much of last year, central bank appetite for gold has resumed, in part due to inflationary pressures globally along with disruptions in the energy market.
Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, as the Fall of Rome clearly demonstrates, the implications of the introduction of the...
November 2, 2021
What a beautiful day that was! Well, the weather varied in different places of the planet, so I don’t mean that literally. What I mean is that Mr. Market was generous and provided us with a major confirmation exactly when it was needed.
The yellow metal couldn’t face the downward pressure and declined abruptly on Friday. What happened, and why did it fail?
All eyes are now on the Federal Reserve meeting this Wednesday at 2 pm eastern time. Why is the pending meeting so important? Because the Fed is expected to announce the tapering of its $120 billion per month bond-buying program, which began at the onset of the...
The fundamentals supporting a monster move in gold and silver have never been stronger. This includes extraordinarily negative real interest rates, Government debt outstanding that seems to be increasing at an increasing rate, the continued devaluation of fiat...
The best performing precious metal for the week was gold, but still off 0.52%. Gold remained range bound as traders weighed concerns over the world’s economic recovery, which is supporting demand for haven assets, against prospects of tighter monetary policy. The...
Although precious metals are still relatively under-owned and unloved, retail investors have been pouring into the metals markets since early last year.
This was quite an interesting week we just completed. Let’s start with a headline pointed out to me by one of the commenters to last week’s article (StevenK1):
November 1, 2021
s a new month begins, the downtrend in the GDX and GDXJ should resume. When will a new buying opportunity finally present itself?
…any newsletter author who is inherently optimistic about the future of gold and silver. Disappointment is the name of the game. It is not a matter of mere days or weeks; not months, or ‘gasp!’ even years of consistent disappointment. More than two decades have...
The 4540 projection which had been in effect since the March 2020 low has now been reached but appears to have been only an intermediate target. Higher levels should now be reached before an important top is struck.
October 31, 2021
Last week's action was choppy into mid-week, with the metal forming its high for the week in Wednesday's session, here doing so with the tag of the 1812.70 figure. From there, a sharp decline was seen into early-day Friday, with the metal dropping all the way down...
Michael Oliver shares his latest data on the Silver and Gold markets. He shares the momentum charts that he is so well known for, along with his possible targets if the breakouts occur.
Let's start with Scary, (apropos of Halloween): Thursday brought us our first peek at StateSide annualized Gross Domestic Product "growth" for Q3: 2.0%.
This week I’m taking a break from my usual format of market commentary. This market has become tedious, with week after week the same old stuff. So instead, this week I’m focusing on how Mr Bear sees the Dow Jones and the Barron’s Gold Mining Index (BGMI). Which...
October 30, 2021
Our proprietary cycle indicator is UP. Gold sector is on long term SELL signal. GLD is on short term buy signal. GDX is on short term buy signal.
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Like a powerful horse tied to a post, gold is chomping at the bit to make a surge. Farsighted metal investors are patiently anticipating the macro equivalent of a starting pistol to announce gold’s run.
October 29, 2021
The gold miners’ stocks are recovering after a rough summer, where they were sucked into heavy gold-futures selling on Fed-tightening fears. That scuttled their normal autumn rally, leaving this sector way behind year-to-date. But now gold stocks’ strongest seasonal...
We really needed to see gold make a higher high on this last rally and it does not appear that it will do it. Gold is vulnerable to more attacks on Monday morning. What could very well happen, a marginally lower low.
Willem Middelkoop joins us to discuss the recent shortages in energy, food and other commodities. Willem sees the early stages of hyperinflation as a possibility. Gold revaluation is a possibility for governments to address this crisis of debt and inflation. You...
The rise and fall of the Roman Empire is arguably one the most studied, written about and theorized over subjects in academia, with fiery debates raging for hundreds of years among historians, sociologists and political scientists.
October 28, 2021
So, QE ended (so far in Canada, but the Fed will follow suit) and the termination plunged gold prices in Canadian dollars. Will this repeat globally?
Egon von Greyerz sits down with Jim Lewis and Ivan Bayoukhi of Wall Street Silver to discuss the deteriorating situation of the global financial system and what it means for the fate of the United States dollar and precious metals.
October 27, 2021
Ethereum was the first smart contract platform to gain wide use and is still the market leader. Many competing smart contract platforms have tried to unseat Ethereum from the leadership position by capitalizing on its speed and cost issues. Solana is a new...
Here is the problem with gold. The last three times gold tried to get above the 200 d.m.a., it was not long before there was an attack.
We might see a plunge in gold prices quite soon. History repeats itself to a huge degree at the moment – let’s see what it has to offer.
I am going to let you in on one of my pet peeves this week: I abhor intellectual dishonesty in analysis. And, earnings season always brings to light some wonderful examples.