The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax...
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.
July 24, 2024
GDX is battling monthly and quarterly resistance around $37.50. A clean, strong break above triggers a potential measured upside target of $55, the 2010-2012 resistance highs. A steepening in the yield curve and the start of Fed easing would be the fundamental...
July 23, 2024
Can US fiat queen Kamala beat fiat king Donald in the nation’s next election? In these trying geopolitical times, citizens are perhaps best served by focusing less on their favorite fiat nation leaders, and more on gold.
Why is the price of gold rising if the global economy is not in recession and inflation is allegedly under control? This is a question often heard in investment circles, and I will try to answer it.
The best performing precious metal for the week was gold, but still down 0.80%. Total known ETF holdings of gold bottomed out at 80 million troy ounces on May 13, 2024.
You might think of gold as old-fashioned - an investment that mostly appeals to Boomers. But in the real world, it's Millennials and Gen-Zers who are clamoring for gold.
Ben Franklin once noted that “we are all born ignorant, but one must work hard to remain stupid.” Yet, the ignorance presented by the financial media never ceases to amaze me.
Florian Grummes, Managing Director of Midas Touch Consulting, predicts that gold prices will increase as a collapse of the monetary system pushes up hard assets. Grummes expects Gold to climb to all new heights!
After a somewhat volatile trading session in the far east last night, the silver price is down another 30 cents, while gold is trading $2 lower.
July 22, 2024
Joe Biden announced Sunday that he is ending his presidential campaign, but he intends to finish the current term. This article may be political in nature, but it will have major ramifications for investors, including gold and silver bugs.
The latest gold charts are pictured below and show a series of descending price peaks dating back to 1980. There are four charts. The first two charts are for the period following the August 2011 peak. The third and fourth charts are for the period after the gold...
Bears shouldn’t get their hopes too high just because the S&P 500 plummeted for three straight days last week. The selloff seemed tightly scripted, given that the Dow Industrials were rising just as sharply at least part of that time.
If you read the latest OECD publication, “Employment Outlook 2024: The Net Zero Transition and the Labour Market,” you would imagine that the world has not gone through the largest monetary and fiscal stimulus in decades.
The stock market continued its dump on Friday, and the two-year Treasury yield saw its largest rise in nearly two months. All indices participated in the continuing slump, which has become more than just a rollover from high-tech growth stocks to more solid value...
Gold falls back into the $2300-$2400 consolidation range as Silver drops 6% on the week, threatening support at $29. The miners took a hit but weakness bought to close the week.
Gold and silver prices continued their sharp selloff on Friday morning, which follows a selloff in the stock markets this week.
This week Rafi Farber goes into the signs of increasing stress in the financial plumbing and growing signs of an incoming liquidity event.
Gary Wagner, Editor of The Gold Forecast.com, discusses the drivers of gold's latest run to new all-time highs, and where the price may go by year-end.
July 21, 2024
Upon Gold’s record run this past Tuesday into Wednesday’s fresh All-Time High of 2488, we gave pensive consideration to entitling this week’s piece as “The Joy of Being Wrong”. After all, given Gold’s recent weekly technicals having been imbued with a rather...
As Republicans gathered to nominate Donald Trump for President of the United States, they witnessed another historic event. Gold hit a new all-time high above $2,500 an ounce.
How did the Dow Jones do this week? Just looking at its BEV chart below, it closed 2.21% below its last all-time high. But this week the Dow Jones made three new all-time highs (BEV Zeros), #27-29 since it began its current advance last November, pushing the Dow...
July 20, 2024
Every now and then, something unlikely happens – but not right now. I wrote that given gold’s high-volume shooting star reversal, it was likely to invalidate its recent breakout any day (or hour) now. Quoting my previous comments:
Gold sector cycle is up. Trend is up for gold and gold stocks, down for the USD. We are now neutral and will wait for the cycle to turn down to take short positions.
Jerome Powell says “rates will be higher”. I believe him. I don’t think most others do. Investors, especially, need to pay attention.
In a recent episode of the Money Metals podcast, host Mike Maharrey interviewed Ed Steer, a seasoned analyst with nearly 30 years of experience in the gold and silver markets.
July 19, 2024
The gold miners’ stocks have blasted higher to a powerful upside breakout this month. Amplifying gold’s underlying surge, they’ve achieved major new bull-market highs. Yet despite that big rallying, gold stocks remain undervalued relative to the metal they mine...
Here are today's videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts.
At least he accepted bribes that would retain their value. On July 16, a jury convicted Senator Bob Menendez (D-N.J.) on 16 counts, including wire fraud, bribery, and extortion. According to the indictment, the senator and his wife took bribes, including 13 gold...
We are joined by Tavi Costa, who is a macro strategist at Crescat Capital! We speak about the economic turmoil in the economy, the gold and silver markets, and more!
In the first half of 2024 we've seen India repatriate 100 tons of gold from London, while also adding to their gold reserves at the fastest pace in the last 2 years.