Last week the UK's Financial Conduct Authority fined Barclays for rigging the gold price at a gold fix for the disadvantage of a customer and the benefit of the bank's book. This news could not come at a worse time for the London Bullion Market and the London Gold...
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 30, 2014
Precious metals headlines have spiced up in recent weeks as continuing evidence of the reverberations of The End Of The Monetary System As We Know It (TEOTMSAWKI). The closing of the London Silver Fix, gold manipulation lawsuits in New York, Austria wanting to audit...
With the gold price recently embarking on its next move down, I thought it would be a timely opportunity to investigate the AMEX HUI Gold Bugs Index and see if anything can be gleaned from is chart.
May 29, 2014
The detection of the rapid rise in USTreasury Bonds in the Belgium official central bank account has aroused broad and deep suspicions. Finally an open sore is visible that cannot be explained away easily. It first appeared a couple months ago. The initial knee-jerk...
Tonight I would just like to look at some random PM charts, in no special order, to get a feel of where we are in the near to long term look. As you know the PM complex finally broke down from their two month consolidation patterns which is part of a bigger 10...
There can be little doubt that Thomas Piketty's new book Capital in the 21st Century has struck a nerve globally. In fact, the Piketty phenomenon (the economic equivalent to Beatlemania) has in some ways become a bigger story than the ideas themselves. However, the...
May 28, 2014
The song remains the same. There have been plenty of triple digit days on the big markets lately but all the movement hasn’t amounted to much overall change in the level of the markets. We’re heading into what is supposed to be the quiet time of year. For that...
It's constructive to look at the other side of your positions to see where you might be wrong. If you're long a market a good way to do this is by taking the inverse of the symbol representing your position. At stockcharts.com, you do this by putting "$ONE:" in...
Not all is bad in the metals sector. On the periodic table there are three metals in a column that I will focus on as I believe they will continue to outperform. Platinum, Palladium and Nickel are outperforming the S&P500 by a wide margin in 2014.
May 27, 2014
Briefly: In our opinion speculative short positions (half) in gold, silver, and mining stocks are justified from the risk/reward perspective.
Today is expiry day for gold options. I’ve suggested that gold is unlikely to begin a trending move until options on the June COMEX contract expire.
Years ago, 16 to be exact I was reading a book by John Murphy (the god father of technical analysis). And I read something that has always stuck in my mind. He said that the price of bonds typically lead trend reversals in the stock market.
It was all over the news last week, both mainstream and gold sites. Barclays was caught manipulating the gold price. They were fined £26M, and forced to pay a client who was damaged by their action. The trader who worked for Barclays, Daniel Plunkett, was also fined...
Two weeks ago I first called for patience regarding Gold’s expected Investor Cycle (Investor Cycles run 24 weeks) decline. Since then, Gold has continued to chop sideways in a largely lifeless and apathetic manner. The few price spikes we've seen have typically...
Investors believe they have found all the right reasons to stick with their select stocks as the markets continue to move higher, possibly climbing to even inane levels. Are their decisions based on REAL facts or simply subjective greedy and emotional reasons to...
By holding above an important support level, SPX has encouraged some buying to take place. On Friday, it challenged the previous all-time high of 1892 and, judging by the action of the futures over the week-end, it should trade beyond when we open on Tuesday...
May 26, 2014
Persons micro managing the precious metals are fixating on the Symmetrical Triangle (bearish continuation) and a coming ‘Death Cross’ of the MA 50 below the MA 200. The symmetry has been apparent for about three weeks and the Death Cross is hype put forth by those...
Elections across Europe and Great Britain this past week have shown serious dissatisfaction with the status quo. The monetary inflation on the part of the European Central Bank has benefited the elite bureaucracy in Brussels at the expense of the average citizen,...
This information cannot be found on a daily, weekly, or even a monthly chart. Old man Fibonacci with the aid of the French Curve has told us that he will teach us how to count waves. He will tell us when they top and when they bottom. A long time ago he whispered in...
Irrational Delusion…Euphoric Aspirations of Wealth…Pollyannaish Myopia, Insatiable Greed and Unbridled Exuberance are terms that apply to describe investment sentiment toward US stocks today. This perverted sentiment was pervasive during the Roaring 20s – just...
May 25, 2014
Not much going on in the precious metals last week as they remain trapped within a tightening range for gold and silver but we did see an attempt to break gold which saw buyers emerge and push it back up, which is a very good sign. I talk to subscribers about my...
May 24, 2014
Long term – on major sell signal since Mar 2012. Short term – on mixed signals. Gold sector cycle – down as of 3/21, ending the up cycle since 12/27. COT data is not supportive for higher prices overall.
It certainly started out as central bank manipulation, doing everything possible to cover their theft and resulting deficiency of replaceable ph
Precious Metals bull market continues and is moving step by step closer to the final parabolic phase (could start in summer 2014 & last for 2-3 years or even longer).
Last week, our theme was the Fed’s failure to generate a “recovery” through six years of historically easy monetary policy. In “2.6% – ‘Nuff Said” and “The Most Damning Proof Yet of Fed Failure,” we demonstrated how the entire world is rapidly becoming wise to the...
Many people would consider a drop in the S&P 500 to the 1550-1600 area to be a bad thing. But if the bull is real, and if a secular bull market truly has been created out of manipulation of the T bond market (QE’s bond buying and ZIRP’s 0% rates) then a...
May 23, 2014
Chart Analysis Dow vs Gold, Silver Fuel Cell, GDX H&S Bottom & GDXJ Analysis via videos.
Briefly: In our opinion speculative short positions (half) in gold, silver, and mining stocks are justified from the risk/reward perspective. The history repeats itself and we have just seen another example confirming this statement. Gold once again moved higher...
The lofty US stock markets have stalled out, looking more and more top-heavy with each passing day. This is spawning growing unease among prudent investors, who sense the long-overdue major selloff is nearing. Many are seeking shelter in sectors they hope will...
May 22, 2014
In this week's release of the minutes from its April 29-30 meeting, Federal Reserve policymakers made clear that they see little chance of inflation moving past their 2% target for years to come. In order to make such a bold statement, Fed economists not only had to...