I think the fundamentals changed on August 2nd, and I think the FED has probably blown their chance to get inflation under control.
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 21, 2024
As expected, India's recent gold import tax cut lowered prices and spurred demand for the yellow metal. India ranks as the world's second-largest gold consumer behind China.
August 20, 2024
The best performing precious metal for the week was silver, up 5.23%, in what seems like a precious metals market beginning to get real traction. Barrick Gold shares rose as much as 7.1% in early Monday trading, its biggest intraday gain since March 2023, after the...
Through EGR Exploration (TSX.V:EGR) I’ve been given a chance to learn about Harvest Gold (TSX.V:HVG) and reconnect with an old friend, Harvest’s CEO Rick Mark.
Gold and gold stocks are set to benefit from Fed easing. There is some history of the stock market rallying at the start of Fed cuts before a recession and bear market.
Dollar dominance is slowly ebbing as the world looks to diversify away from the greenback. The share of dollars making up global reserves has dropped by 14 percent since the turn of the century, according to data compiled by the Atlantic Council.
Responding to the recent commentary about the idea to spectacularly increase the U.S. money supply via the minting and depositing at the Federal Reserve of one or two platinum coins of trillion-dollar denominations, a friend asks: What would a trillion-dollar...
2024 has been an historic year for the gold market. As the price broke the $2,000 level, went through $2,100, and even despite some pullbacks along the way, kept on going until it reached its current level of over $2,500.
Former President and current Republican Presidential Nominee Donald Trump recently renewed his criticisms of the Federal Reserve. He suggested that, if he returns to the White House next year, he will push Congress to pass legislation giving the president at least a...
New gold import quotas for Chinese banks could foreshadow another surge in Chinese demand. Demand for gold was white-hot in China last spring, helping drive global prices to record highs. Chinese demand slowed in recent months due to high prices, but there are signs...
August 19, 2024
Because gold has not done all that much since its April – May peaks many investors are unaware of the magnitude of the upleg that has begun so the purpose of this update is to make it crystal clear why this upleg is destined to be so massive, for both fundamental...
Is democracy dying? Many years ago, the American political scientist, Francis Fukuyama, prematurely declared the victory both of liberal democracy and free-market capitalism.
The recent market weakness suggests a combination of profit-taking and concerns about the latest United States jobs and manufacturing figures, added to the abrupt unwinding of part of the yen carry trade. Valuations had soared and market participants now demand...
Let me show you what happens to most traders. There are times when it's very easy to make money and I'll use the gold chart here to illustrate this.
Gold finally pulls away from resistance at $2400-$2500, dragging Silver up to major resistance at $29, while miners gain 7%-10% on the week.
Mark Yaxley joins us today to speak about how silver and gold will save you from this upcoming economic collapse and what to look out for!
Now that the gold price has hit the $2,500 level again and traded around it for the past week, what's next for the gold market?
Despite the rise to $2,500 an ounce, gold is still below where it was in 1971 in terms of percentage of assets on the Federal Reserve's balance sheet. Back on August 15, 1971 - exactly 53 years ago yesterday - gold made up 12% of Fed assets.
August 18, 2024
From my prior articles, we expected the last key low for Gold to form into the late-May to early-June timeframe - a move which was expected to end up as a countertrend affair. From there, the analysis called for new all-time highs to be seen into the late-July...
As the political battle over inflation and the state of the U.S. economy heats up, gold prices continue to simmer near record highs.
As herein penned last Saturday: “…Gold is well within range for a fresh All-Time High (above 2538 basis December) in the new week…” And so it came to pass, the yellow metal (basis December) trading yesterday (Friday) to as high as 2548, an albeit rather scant +10...
In June the UK received a gold shipment worth $150 million dollars from Argentina. Most likely, the gold was sent by the central bank of Argentina (BCRA) to be used as collateral in the London Bullion Market.
The Dow Jones, in its BEV chart below doesn’t much look like it, but it closed the week only 1.31% from its last all-time high. Something that didn’t seem likely on Monday August 5th, when the venerable Dow closed with a BEV of -6.06%, on a day when the global...
August 17, 2024
Our proprietary cycle indicator is DOWN. Speculation has set a new high. Our ratio is on a new buy signal. Trend is now UP for gold stocks.
In a recent Money Metals podcast, host Mike Maharrey interviewed Frank Holmes, the CEO and Chief Investment Officer of U.S. Global Investors, and Executive Chairman of HIVE Blockchain Technologies.
The push to raise the minimum wage is relentless. For a while, it was "Fight for $15," but with rampant price inflation, a $15 an hour minimum wage isn't sufficient. Now it's "Fight for $20." Heck, it might even be "Fight for $25" at this point.
August 16, 2024
Here are today's videos and charts.
The major gold miners just reported their best quarterly results ever! Record gold prices combined with lower mining costs catapulted unit earnings to dazzling new records. Yet despite exploding profitability, gold stocks continue to lag gold’s mighty upleg. This...
Last week, I wrote an article entitled “Reasons For A Crash.” And, I will let you in on a little secret – I actually wrote that title as a test. You see, I assumed that the great majority of those that clicked to read the article would do so because they expected...
Don’t be fooled when you hear “inflation is coming down.” That's not the plan and it never was. The fact is price inflation was up in July. And it will be up in August.