The best performing precious metal for the week was gold, up 2.05%. The metal rose to a three-month high as lower bond yields helped to improve gold prices. Continuing concerns about rising inflation are buoying the metal as well.
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.
May 24, 2021
The accepted and ruling ideology in different countries is perhaps the dominant factor that distinguishes between peoples and countries throughout history. Different ideas of how the world should appear take root in different countries and in effect become a self-...
As commodities rise, are there any clues about the direction of broader US markets? Measuring correlations can help to spot trends across asset classes.
As we know, history tends to rhyme. It’s never the same, but when you zoom out, the bigger picture often looks very similar. What does it mean for gold?
Price moves in all-metal futures will be two-way. Reasons are (a) Gold June's future expiry. (b) Base metals futures expiry. (c) US first-quarter GDP number of Thursday can reverse the current trend of precious metals and base metals. (d) There is a position...
Stocks continue to gyrate nervously as the Fed continues to behave like a cornered animal trying to downplay inflation risks while paradoxically supporting a mega “everything bubble” with pro-inflationary tools.
May 23, 2021
Last week's trading saw the Gold market forming its low in Monday's session, here doing so with the tag of the 1841.10 figure. From there, a firm push higher was seen into mid-week, with the metal hitting a Wednesday peak of 1891.30 - before consolidating the action...
Commensurate this weekend with the Grand Prix here, we also find Gold in top gear. For on a closing points basis from Gold's low of 1683 this past 30 March, price in settling yesterday (Friday) at 1882 has since driven 199 points (+11.8%) higher across those 37...
Last week was a gratifying week for a number of reasons but it was also a frustrating one for many of we Ontario-ians that worship the summers out on Georgian Bay. Canadian boating season usually runs from the last week of April to the first or second week of...
SPX appears to have completed a 4th wave correction from 3723…and to have started on its 5th and final move of this uptrend. After a little more consolidation, it should be ready to make a new high.
May 22, 2021
This week gold and silver markets built on their recent breakout advances. Gold prices are up 1.6% since last Friday’s close to come in at $1,881 an ounce as of this Friday recording. Near-term, traders will be eyeing $1,900, then $1,950 as potential resistance...
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May 21, 2021
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers.
Precious metals markets traded relatively quiet this week compared to cryptocurrency markets. Massive price gyrations hit Bitcoin, Dogecoin, Ethereum, and other cryptos.
The best-performing subset of gold stocks is gathering upside momentum in a young upleg. The smaller mid-tier and junior gold miners are in this sector’s sweet spot for potential gains. Traders are starting to return with gold-stock sentiment improving, bidding the...
Most likely we saw the precious metals reach their zenith on May 19, like the tropical sun on the day of the equinox. What will come afterward?
I have read many articles over the years, and it seems that the manner in which the market has acted has caused many to confidently view market declines over the last 12 years as short-term opportunities to make long-term investments in a generally rising market....
What a rally! Unfortunately, I’m not referring to gold, but to Bitcoin. As the chart below shows, the price of the first and the biggest of cryptocurrencies rose to above $60,000 in April 2021 from scratch (or $124) in October 2013 when the chart starts. I wish I...
May 20, 2021
Yesterday, the FOMC published minutes from its last meeting in April. They’ve shown two things doing that: first, that some of the central bankers are worried about the inflation and elevated asset valuations; and, second, that the Fed is going to remain dovish...
Five weeks ago, we wrote that sharply negative real interest rates were going to drive prices higher in the weeks ahead, and so far that forecast is playing out as expected. So what happens next? That's the subject this week.
Federal Reserve Chairman Jerome Powell said in his last press conference. “We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates.” In regards to the Fed tapering its monthly $120 billion asset purchases, which has swelled...
In delayed reaction, the gold market has been unable to hold on to its gains and is seeing some selling pressure as the Federal Reserve signals that a discussion on reducing its bond-purchasing program could be soon on the table.
May 19, 2021
Have you been long commodities like agriculture or oil? The US Dollar has continued to weaken, but is this trade getting a little long in the tooth?
When the USDX declines, the PMs usually celebrate and rise as a result. However, this was not the case yesterday – and we can’t ignore it. “Reversal” is the name of the game, at least when it comes to the precious metals market.
GLD and IAU are the two largest of the gold bullion exchange traded funds (ETFs). Not surprisingly, investors like to push money into them and pull money out as gold prices rise and fall. The real fun comes when investors don’t follow that model.
What Heraclitus meant was that the world is in a constant state of flux. But the big problem in the next few years is that the world will experience a fire of a magnitude never seen before in history.
It’s getting harder to tell which approaching crisis requires attention and which can be safely ignored. Sometimes it helps to see the data laid out visually.
May 18, 2021
Today (May 17) is a special day. Few people are celebrating it, however. That’s because it’s Tax Day. After giving taxpayers stimulus checks and a one-month reprieve due to pandemic-related struggles, the IRS now wants its cut from workers, business owners and...
In the gold market, fear trade nirvana involves a tidal wave of institutional and retail capital coming out of the US stock market… and pouring into gold. Can this fantasy become reality? Well, a case can be made that it is already starting to happen.
Taking history into consideration, we are on the verge of change. Today’s pre-market reversal might have been the final top – but nothing is certain.