We’ve spent a great deal of time this year, along with other market observers, detailing the dramatic and relentless rise of gold demand around the world. China and India have received a lion’s share of our attention, and rightfully so as the world’s two largest...
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 8, 2013
Heavy and relentless selling by American futures speculators has been one of the primary drivers of gold’s horrendous year. These traders abandoned gold on the long side while piling in on the short side, unleashing withering selling pressure. But just in recent...
Chart analysis On Gold, Silver, GDX and GDXJ via Videos.
Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more dangerous with every week that it lurches forward
In our Wednesday’s free essay we discussed the situation in the Euro Index and mining stocks. We wrote that the long-term downtrend in the Euro Index remains in place and that the short-term uptrend might already be over. We emphasized that, based on the precious...
The PRICE of GOLD slumped $20 per ounce in 10 minutes Friday lunchtime in London, as the Dollar rose after much stronger than expected US jobs data.
The level of fraud in the financial system with utter lack of prosecution or accountability, combined with the ongoing love affair between the largest offenders and collective mainstream, results in financial media being a victim of the so-called Stockholm syndrome...
This week an article in Euromoney points out that liquidity in bond markets is drying up. The blame is laid at the door of regulations designed to increase banks' capital relative to their balance sheets. Furthermore, the article informs us, new regulations...
As introduction to this article on the bizarre nature of all things economic and financial within the Untied States, consider once again the Deflation Knuckleheads. Be sure to know that the Jackass considers Rick Ackerman to be one of the premier technical chart...
November 7, 2013
Tonight I want to look at what I think has been an ongoing consolidation phase since April of this year. I mentioned numerous times, when we broke down form that massive H&S top on the HUI, that what we were experiencing was a rare move that doesn’t happen all...
Two questions that I’m commonly asked are: “Do you still expect the market to correct next year, even with all this liquidity?” And, “Can the Fed mute the effects of the cycles bottoming in October 2014?”
In this part and the next, we will look at the prospects for the gold price for the rest of this year and beyond. These next parts are critical. What we will try to do is to synthesize the factors playing on the gold market from the beginning of 2013 up until the...
For months we’ve been writing about the major bottom to come in precious metals. It appeared we finally saw it in late June as the metals and the stocks surged during the summer. Yet, these markets trailed off in August and it continued into October. The equities...
WHOLESALE GOLD turned suddenly volatile lunchtime Thursday in London after the European Central Bank surprised analysts by cutting its key interest rate to a new record low of 0.25%.
November 6, 2013
It's starting to feel like we are part of a giant poker game against the US government, whose hand is the true condition of the American economy. The government has become so good at bluffing that most people feel compelled to watch how the biggest players in the...
It’s easy to see that ever since the year 2000 gold bullion has been in a bull market and the S&P500 has been in a megaphone pattern bear market. Gold has dramatically increased in price while the S&P500 has done nothing but go up and down. The Fed’s QE’s...
... It was not ultimately budget deficits that allowed Kennedy to initiate the corporatist planning and militarization of the U.S. economy that bore first fruit in the emergence of the American welfare-warfare state during Johnson’s Great Society and culminated in...
When the U.S. economy dipped into an inflationary recession in 1969, Murray N.
In our essay on gold price in November ( http://www.gold-eagle.com/article/gold-medium-term-outlook ) we examined the long- and the-short-term outlook for gold to check whether it confirm the indications for silver and mining stocks or not. As we wrote in the...
Can the Fed and the U.S. government manage the markets to achieve low interest rates, higher stocks, low inflation, low gold prices, and a strong dollar, all while spending much more than revenues support and thereby running the national debt up to insane levels? My...
November 5, 2013
The U.S. Department of the Treasury has reported that for the federal government’s fiscal 2013 year, which ended on September 30, 2013, the U.S. government budget deficit was $680 billion—the smallest budget deficit in five years. (Source: Bureau of the Fiscal...
Boiled down to the simplest terms; all economies must choose one of two “systems” in which to operate. They can choose a credit-based (debt-based) economy, or they can choose a “cash” (pay-as-you-go) economy. This is a simple tautology, and so beyond debate.
The first days of the new month have been hard for oil bulls. After the breakdown below the lower border of the declining trend channel the buyers didn’t manage to stop oil bears. The bears showed their claws on Thursday and pushed the price below the October low....
Historically, gold futures prices often make an intermediate trend bottom around mid-November. This price chart from Dimitri Speck provides a good picture of average seasonal price action. Arguably, Indian festival buying is the main reason that gold tends to...
While investors have been focusing on the strengthening U.S. market, we’ve also kept our eyes on other improving indicators happening in resources, Europe, and emerging markets. These places may not be as widely popular, but we believe investors can benefit greatly...
LONDON wholesale gold was unchanged Tuesday lunchtime from yesterday or from last week's finish at $1317 per ounce, as European shares again defied a drop in Asian stock markets to tick higher.
November 4, 2013
The World Bank has been producing its annual “Doing Business” report since 2004 and its 2014 edition ranking Hong Kong second out of 189 economies surveyed, in contrast to mainland China’s score of 96, hardly seems controversial.
Gold ran into trouble last week after an encounter with its important 150-day (30-week) moving average. The 150-day MA, which is an important psychological resistance barrier that is programmed into many Wall Street trading algorithms, was touched by gold a few...
There were some interesting developments this week that I would like to focus on in the Weekend Report. The most important thing to happen was the rebound in the US dollar that was very impressive. Is the bottom in or is this just a short covering rally that will...
The chart of the U.S. National Debt shows marked increased acceleration from 2002 to date. In fact the yearly speed of accumulated debt has gone parabolic. Effectively, the Compound Annual Growth Rate of the nation’s indebtedness since 2002 is +10.4%. And if we...