The WHOLESALE price of gold recovered all this week's previous 2.1% drop by Thursday morning in London, trading back at $1288 before slipping $5 per ounce as the US Dollar steadied on the currency market.
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.
November 14, 2013
Thank the stars for mathematics, the language of science. Every known aspect of the universe from the movement of the planets and the formation of stars and galaxies, to the propagation of light and radio waves, right down to the intricate darting of subatomic...
In our previous commentary, we took a look at the situation in crude oil from the long- and the short-term perspectives to check whether they confirm the indications from the medium-term picture or not. As we wrote in the summary:
Last week I penned an article titled, Gold Bear to End With A Bank. I warn of the dangerous short-term downside potential in Gold that could mark the end to this bear market. Thus far, this analysis has been on track and has served to protect subscriber portfolios...
November 13, 2013
The BIG Perspective: Examine the following “Point & Figure” chart from Ron Rosen. This type of chart plots price on the “y” axis while the “x” axis shows time but without uniform distance between years. The long term trend has been up since 1970 and 2001, while...
We know that the Fed and other Central Banks are printing money like there’s no tomorrow to stop the fragile system from imploding, but the Little Guy is not seeing any benefit from it, instead the banks and elites are making even more money out of that which is...
ANALYSTS cited comments from a US Fed policymaker on a likely reduction next month in the pace of asset purchases for a new 1-month low in gold Wednesday morning, with prices eventually bouncing $15 from $1262 per ounce as world stock markets also slipped.
Is there such thing as too little inflation? To listen to some economists the answer is an emphatic “no!” Fed chief Ben Bernanke certainly doesn’t believe in the concept of low inflation. Neither does ECB president Mari Draghi. But the question must be asked:...
November 12, 2013
For nearly four decades, curious investors have made their way to the Big Easy for a taste of New Orleans and several helpings of advice and perspective at the New Orleans Investment Conference.
In this Weekend Report I would like to take a fresh look at the precious metals complex again as things are still evolving in this area. I want to look at the GDX as our proxy for the rest of the PM stock indexes as it trades with the most volume and probably gives...
At the end of October, in our essay on dollar and the general stock market (http://www.gold-eagle.com/article/dollars-breakdown-stocks-breakout-and-... ) we discussed the USD and S&P 500’s implications for the precious metals market. After that, in our essay on...
Many gold analysts believe that Janet Yellen is bullish for gold. Others note that gold sold off as she was confirmed as the next head of the US central bank. That’s bearish.
Gold prices broke below the $1300 an ounce level last week hitting a three-week low, weighed down by a stronger U.S. dollar and some upbeat U.S. economic data. And, prices have remained under some downward pressure this week.
Janet Yellen will continue to print money so the status quo stays the same. The stock market will continue its upward movement needing more and more printing to continue any increases in its trajectory. This house of cards built on air will collapse by 50% with...
WHOLESALE GOLD bumped up to $1285 Tuesday lunchtime in London, reversing an overnight drop to fresh 3-week lows at $1277 as European stock markets slipped with government bond prices.
This is an e-mail response to an inquiry on NUGT, Direxion Gold Miner Bull 3X Shares. After sending it, there was no reason to let it go to waste, so it is being posted for those who have an interest in this [wrong, in our opinion] approach to gold.
November 11, 2013
There are generally two types of investment or reserve demand relevant to gold: safehaven demand and inflation hedge. Since 2008 gold has benefitted largely from the former: safehaven demand; because of how fragile the markets have looked up until recently.
There is no doubt that last Thursday's 20 point drop in the S&P500 marked the Half Cycle Low. The midweek (members) report detailed that the current Daily Cycle was consolidating via time and not price, a bullish development which points to further short term...
The Holy Bible states seven years of feast are generally followed by seven years of famine (Genesis 41:54). Applying the gospel to the stock markets, a 7-year cycle is quite apparent…one sees that there is indeed a 7-year boon period (where HUI & S&P500...
Without a doubt, the biggest news in recent weeks has been the upcoming replacement of Fed Chairman Ben Bernanke by Janet Yellen, Vice Chair of the Board of Governors and a highly qualified economist who, many predict will continue in the Bernanke mold.
WHOLESALE DEALING in gold was muted Monday morning in London, with prices bouncing off their lowest level in almost 4 weeks at $1280 per ounce as European stock markets rose.
In 2012 the U.S. Mint sold 753,000 ounces of gold bullion in coins. So far this year, until November 6, the Mint has sold 761,000 ounces of gold bullion in coins—and we have two more months to go in 2013. (Source: U.S. Mint web site, last accessed November 6, 2013...
In 2012, the U.S. Mint sold 753,000 ounces of gold bullion in coins. So far this year, until November 6, the Mint has sold 761,000 ounces of gold bullion in coins—and we have two more months to go in 2013. (Source: U.S. Mint web site, last accessed November 6, 2013...
November 10, 2013
Markets were all over the pond this week moving sharply lower then higher. The market needs to get back on its meds and settle down! Until we see a trend emerge, it’s hard to say much or do much. Half the battle that is making money in the market is knowing when...
Just how far has the bullish sentiment of independent investors recovered since the 2009 bottom? Pretty far indeed.
The Dow Jones ended the week at a new historic all-time high. In late 1999, this news would have greatly excited the media and investing public, but fourteen years later, there are scant signs of excitement that the Dow Jones has surpassed the October 2007 pre-...
November 9, 2013
The Dow Jones Euro Stoxx 50 Index is an index of 50 blue chip stocks throughout Europe, and is Europe’s equivalent of the U.S. Dow 30 Industrials Index. It is a key barometer of coming broad stock market price moves and economic activity. This weekend, the Stoxx 50...
When one understands the widely pervasive but narrowly understood phenomenon of cognitive dissonance that permeates most of the Western world, it is not so difficult to put into context the disparity between demand for physical gold and silver and supply for the...
Current investing model favors equities and both the growth and energy sector are on major buy signals. Investors should wait for corrections in the markets to enter or re-balance their portfolios. There has not been a multi week correction in 2013 and until that...
November 8, 2013
Most market watchers expect that Janet Yellen will grapple with two major tasks once she takes the helm at the Federal Reserve in 2014: deciding on the appropriate timing and intensity of the Fed's quantitative easing taper strategy, and unwinding the Fed's enormous...