In the previous week the price of crude oil not only dropped below the psychological barrier of $100, but also reached a new four-month low of $95.95. On the other hand, the buyers managed to push light crude higher at the end of the last week. Earlier this week we...
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 30, 2013
A recent TIME Magazine cover features an engaging collage of the 50 states reassembled to fit within the boundaries of Texas. With a growing number of solid-paying jobs, affordable housing, and low taxes, “the Lone Star State is America’s Future,” declares economist...
The Setup: A century ago bankers created the plan for a U.S. central bank, bought enough votes to get it passed into law, encouraged deficit spending, government debt, and extracting the interest payments from taxpayers. The process has worked well for the bankers...
BOTH gold and silver rose Wednesday lunchtime in London, as the day's widely-expected "no change" decision from the US Federal Reserve was preceded by weak US data.
While the stock market has been rising, the US dollar has been sinking. It’s on the verge of breaking major 13-month lows. It’s not far from reversing everything it gained against a sinking euro during the recent European debt crisis. And once those barriers are...
There are numerous measurements of the supply of money, and the Federal Reserve Bank of St. Louis has charts for most of them. These charts should be of particular interest to gold price enthusiasts, because they can indicate whether deflation or inflation is the...
October 29, 2013
Ever since the current (final wave 5?) leg in the now 4 year, 7 month old US stock bull market generated in November of 2012, NFTRH has tried to make the point that there is no new secular bull market in US stocks. Indeed, there is a maturing cyclical bull market...
Gold prices have extended last weeks’ gain as investors continue to accumulate the physical metal. The price of the yellow metal gained by almost 3% last week as the dollar trended lower against most other major currencies after the release of soft initial jobless...
The PRICE of London settled gold bounced to $1348 per ounce Tuesday morning, halving an earlier 0.9% drop after China's most active gold contract closed below that world benchmark for the first time in 2013.
Statistics can sometimes, as we all know, be very misleading. Take the unemployment report for example. If you examine the numbers out of context, you’d be forced to conclude that workforce participation has steadily increased over the last four years. A behind-...
October 28, 2013
The economic Revisionism above is arguably the most-evil lie being propagated in the world today. While there are numerous ways to demonstrate the economic perversions implicit in this falsehood, let’s start with one point. The Bankers who continually tell us how “...
Many events moved the market this month. Gold demand was stable but more important, gold is getting a boost from the weaker U.S. dollar.
Since Obamacare made its debut, discussions have focused on Ted Cruz' efforts to defund the law and the shockingly bad functionality of the Website itself. Fortunately for Obama, polling indicates that Senator Cruz has lost, at least for now, the battle for hearts...
Expectations are mounting over the Fed reducing its Treasury program in December, which could cause the US dollar index to appreciate to 81.60 in the short term. Nonetheless, the Fed should keep its monetary policies unchanged until 2014. As a result, any potential...
The FED's release on October 28th about Capacity Utilization showed a rise from 77.9% to 78.3%. So what? Well, in past years, a rise in Capacity Utilization has indicated that price pressures are building. The higher that C.U. goes, the less slack there is in the...
No wonder investors don't take economists seriously. Or if they do, they shouldn't. Since Richard Nixon interrupted Hoss and Little Joe on a Sunday night in August 1971, it's been one boom and bust after another. But don't tell that to the latest Nobel Prize co-...
I have long predicted that our central bank’s debt monetization efforts would be of greater quantity and duration than most everyone at the Fed and on Wall Street expected. The reason; it is simply pure economic fallacy to try to engender viable economic growth...
Even though the so-called “tapering” of the Fed did not take place in September it is that probable that it would happen in the near future? As the case of European Central Bank demonstrates, the shrinking of the balance sheet may happen smoothly (the ECB also...
As in my last analysis expected the sentiment was so depressed that Gold had to rally.
"Gold's ascent above $1350, to one-month highs, has been driven by investor interest," says a note from Barclays Capital, pointing to the "largest daily increase" in exchange-traded gold funds, which give investors exposure to the metal's price without them taking...
Many times, just before a big move is to occur, you will get a false breakout that can whipsaw you before you know what hit you. It gets everyone moving one way and then out of nowhere the price reverses direction leaving everyone shaking their heads and afraid to...
October 27, 2013
I know many of you who read this are focused on gold and silver mostly but trading leading stocks and holding for a few weeks or so is so much easier and more importantly, so much more profitable. To each their own but the miners burned me years ago and I have no...
The Dow Jones has seen a nice recovery off its credit crisis lows of March 2009. In the last 4.5 years it’s up about 138%. Don’t you wish you had bought stocks on the 09 March 2009 bottom? It’s easy to say that today, but in March 2009 the only people buying...
There is a ridiculous amount of time spent on what the Fed will do or won’t do or analysing the latest economic figures. Very few people use their own brain to figure out the obvious. And the obvious is that debt which has been growing exponentially in the last 40...
“This could turn into a very violent wake-up call for [screen-traded gold]. People talk about ‘fiat currencies’, but we also have ‘fiat gold.’ Volatility is too cheap right now.” — Gold refiner quoted by John Dizard in his Financial Times column this weekend
Since the 1930s Great Depression the U.S. Dollar’s value has been in a Kamikaze-like Dive. Another way of describing the disastrous history of the greenback is to simply say: Measured against gold, the US Dollar purchasing power has drop by 99.9% during its lifetime...
October 26, 2013
Left to the realities of supply/demand factors, gold and silver would be considerably higher, already. We can think of no other commodity situation with unprecedented demand and shrinking supply that has done anything else than drive price much higher. The fiat...
Long term – on major sell signal since Mar 2012. Short term – on buy signals. Gold sector cycle – up as of 10/25.
Now that another annoying gut check moment is safely in the rearview mirror, we can all get back to the business of filling the punch bowl yet another time. Yep, once again, we’ve proven ourselves to be among the dimmest of bulbs and are going right back to the bag...
October 25, 2013
In this weekend’s article, we tackle three major topics that may alter the way you invest: How the Fed impacts asset prices. The market does not care what you think. Using concepts 1 & 2 to compare 2007 and 2013.