The situation in the Middle East is getting worse, and we’re likely moments away from a full-blown military operation. What’s gold likely to do? In short, gold is likely to rally, but that is not the full or most useful reply.
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.
October 16, 2023
The reshaping of the world economy and the global (political) order is in full swing. It is a long process, the concrete outcome of which is uncertain in advance and associated with numerous imponderables.
Finally, a rally in gold that looks capable of leaving the $2000 barrier in the dust! This one is being pushed not only by the threat of escalated conflict in the Middle East, but by the dawning realization that a strong dollar and rising interest rates are about to...
October 15, 2023
With the action seen into last week, Gold has turned sharply back to the upside - with the metal having been anticipated to form a low into the 'kill zone' turn, which was identified in our Gold Wave Trader report as the October 9th date, plus or minus.
Now before we all get too excited out there about Gold having yesterday (Friday) posted its largest one-day net gain since 17 March by both percentage +3.4% and points +64, let us acknowledge that price is right where ’twas a mere 14 trading days ago on 26 September...
Gold and silver markets held firm early in the week and now appear to be surging, despite volatility ramping up on Thursday. A hotter than expected inflation report helped trigger a spike in bond yields and a selloff in stocks.
This article views the gold stock sector’s big picture bullish situation from the standpoint of a single indicator, the HUI/Gold ratio and its relationship to the 30 year Treasury bond yield.
The Dow Jones advanced a bit this week, bouncing off its BEV -10% line. With things happening in Israel and the Gaza Strip, one would think the Dow Jones should have gone down. I still expect the next significant level to be crossed by the Dow Jones below will be...
October 14, 2023
Gold sector cycle is up. Trend is now up for gold and gold stocks. We are cost averaging in.
The major issue with the bond market right now is the overwhelming amount of bond issuance combined with the notable absence of the usual buyers. In other words, the illiquidity is already causing U.S. sovereign debt to trade like a microcap penny stock. This...
October 13, 2023
The final washout I warned gold investors about is over, and the breakout rally above $2100 may have begun. Gold miners could explode higher if gold reaches new all-time highs; they remain insanely undervalued and under-owned.
I am not sure if much of what is written regarding markets – especially the gold market – is based upon ignorance or just intellectual dishonesty. In either case, I am absolutely sick of it.
Here are today's videos and charts.
While the recent Israel-Hamas turmoil helped boost the yellow metal, the domestic fundamental outlook is much less supportive.
The battered gold miners’ stocks are clawing back from their recent unusual breakdown. That was fueled by heavy gold-futures short selling slamming gold in the wake of the latest FOMC meeting. Speculators’ resulting excessive shorts had to soon be covered, and...
October 12, 2023
In his latest (two-part) conversation with Wealthion founder, Adam Taggart, Matterhorn Asset Management partner, Matthew Piepenburg addresses the broader global risks as well as specific market signals to make the complex simple for global investors.
October 11, 2023
After a daily rally, precious metals took a breather. But will it last? Let’s check the technical situation on the GDXJ’s chart, which serves as a proxy for junior mining stocks. We’re focusing on them, as mining stocks often lead gold and silver prices, so by...
Headline interest rates are well-known. Fed Funds Rate is 5.25% to 5.5%. The 1-month Treasury is 5.5%, the 10-year Treasury is 4.4%, etc. In other words, it has spiked massively in the last 18 months. The Fed continues to promise “higher, for longer”.
As Jerome Powell and the Federal Reserve have raised interest rates over the past year and a half, there's been an inverted yield curve, which left longer term rates at less pronounced levels.
In this video I'm going to take a kind of a bigger picture look at some of the markets, and show you what's happening here as a lot of things topped.
October 10, 2023
As we look back upon another interesting week in the market, there are a few standout matters I would like to point out. To begin with, I saw the following quote from an interview with well-known economist Austan Goolsbee: “The timing of the selloff has been...
Is it coincidence that the next big phase in the 2021-2025 war cycle (Israel/Gaza) began precisely as gold hit my massive $1810 buy zone?
The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.
There are hundreds of headlines all over the news warning of the negative impact of a government shutdown. The negative impact on GDP, according to Bloomberg, is estimated at 0.5% of the quarterly annualized rate if the shutdown lasts for two weeks.
Investors are bracing for market volatility following the surprise attack on Israel by Hamas militants. Crude oil futures shot up over the weekend while gold prices gained and global stock markets teetered ahead of U.S. markets opening on Monday.
October 9, 2023
The best performing precious metal for the week was gold, but still off 1.22%. Workers at Mexico’s biggest gold mine agreed to accept Newmont Corp.’s offer, which has kept the Penasquito mine idle for four months. Workers are basically getting an 8% pay raise,...
As the prices for gold and silver continue to vacillate, investors and others who are price dependent might find themselves a bit anxious regarding both metals lack of obligatory action to the upside.
This is a financial market article that also delves into social commentary. The new macro, as exemplified by the 30 year Treasury Bond yield chart below, will bring change; both social and financial. The two are, of course, related. Here we do not come to firm...
The foregoing title may seem a bit sensational, no? With all the recent hype about a gold-backed BRICS currency emerging from this summer’s South African meet-and-greet vanishing like oar swirls, one can understand the argument that many gold bugs chase (and create...
The massive terrorist attack by Hamas on Israel over the weekend will unsettle the geopolitical world for the foreseeable future. The economic implications are potentially too grave to be treated merely as a tradeable event; investors should instead be thinking...