Fed hawkishness has been the rankling thorn in gold’s side for 18 months now. Since the Fed started this monster rate-hike cycle, every material gold and gold-stock selloff has been driven by the threat of more rate hikes. Those boost the US dollar, triggering...
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.
September 22, 2023
I warned the miners were weak, and they again buckled under the pressure. As a result, yesterday’s comments remain up to date, and I encourage you to read them to understand what should unfold in the weeks ahead.
Based on the five to seven day rule for a bloodbath phase, bonds are on day one, what it looks like to me, so they probably got four to six more days to go. That means stocks have four to six more days to go before they turn and go back up. Gold may sniff out a...
While the Federal Reserve had its latest policy meeting this week and left rates unchanged once again (while still suggesting that there might be one more hike in 2023), they didn't comment on some of the longer term dynamics that have left so many concerned about...
September 21, 2023
Following Wednesday’s Federal Reserve meeting, the gold market is at a make-or-break moment: if key support at $1,885 can hold over the coming weeks, gold should be set to break to new all-time highs later this year or early 2024. However, if this key support fails...
A reversal can be powerful. Two are often a game-changer. We just saw three. On Wednesday, I wrote the following: The momentum remains positive, so reaching this target – close to $1,965 – might be what triggers the reversal.
Gold is also now breaking above the major downtrend line connecting 2080.70, 1987.60 and 1953.00, which is suggesting that we are going to be moving sharply higher from here!
Once again it's time for another Federal Reserve policy meeting, where they provide their latest update on their balancing act between keeping up their fight against inflation, and avoiding a recession/banking collapse in response to the higher interest rates.
September 20, 2023
In late April, we timely warned about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On June 29th, with gold reaching an intraday low at USD 1,893 we turned bullish.
Argentine presidential candidate Javier Milei has made dollarization a central issue in the election. In response, 170 experts have signed an open letter claiming dollarization is not a real solution, but un espejismo—a mirage. These experts say dollarization will...
Those who have been predicting a recession in the United States and an associated stock market crash seem to be having a hard time. At least, it appears so. US gross domestic product grew by 2.1 percent in Q2 2023, after growing 2.0 percent in Q1; the unemployment...
The 10-year yield is breaking out to a new high. In this video we evaluate how and when the breakout could impact Gold.
Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, joins the show, and we discuss the current economic landscape. We touch upon the rising long-term interest rates, the Fed's potential moves, the increasing gold and silver prices, and the future...
September 19, 2023
It’s a big week for gold bugs of the world, with the next FED announcement on Wednesday, the BOE on Thursday, and the BOJ on Friday.
That was quite a week we just had in the market. In fact, if you are a news follower, you are probably confused as hell.
After a hot start to the year, gold’s performance has somewhat subdued in recent months despite the usual supporting factors staying intact, namely high inflation and a bear stock market.
The best performing precious metal for the week was palladium, up 4.88%, due to some short covering that occurred by hedge funds. Gold in China is trading at a record premium to international prices, a sign of Beijing’s escalating battle to defend its currency.
In many recent articles and interviews, I’ve warned that Powell’s “higher for longer” war against inflation will actually (and ironically) lead to, well… greater inflation. That is, the rising interest expense (nod to Powell) on Uncle Sam’s fatally rising 33T bar...
Liberty Safe, the nation's largest manufacturer of gun safes, recently fell into hot water. The company provided the access code for a customer's safe to FBI agents who were executing a search warrant.
In recent weeks we've witnessed a divergence in the gold and silver prices in China vs. where they're trading on the COMEX. While it's common for the metals to trade in China at a premium or discount to the COMEX, the Chinese premiums have escalated and so far we...
Since mid May Gold has essentially traded from $1900 to $2000. Meanwhile, Silver has traded mostly between $22.00 to $25.50. The metals may have a bit of upside potential here as summer ends but they will remain in a larger range.
September 18, 2023
Reversals ARE important, especially when confirmed by high volume. Thursday’s reversal in gold worked – it rallied, just as I had warned. The funniest thing about this rally is that it has little sense, and yet it was still quite possible for it to happen. Why?
Must have been something stimulating in that New Jersey aquifer we drank from, before saltwater and tritium from the Salem County nuclear plant made Bourbon the safer beverage. Since the Great Depression, an ever-inflating Fed made houses the number one wealth...
Former World Bank president David Malpass thinks government policy is the primary cause of inflation and slow growth. I agree, but not for the same reasons.
In markets, easy phases, or easy periods, follow difficult periods, and difficult periods follow easy periods. If you are emotionally incapable of understanding and using this principle, it's going to be really difficult for you to make money, or ride trends when...
Today, we are joined by Florian Grummes, and he provides insights on the state of the market, the recent bank runs, the role of the Federal Reserve, and the future predictions for gold and silver.
September 17, 2023
With the recent action seen in the markets, I thought it would be a good time to take a look at both the Gold market - as well as U.S. stocks (as measured by the S&P 500) - with each of these markets nearing key junctures.
Firstly: Gold is fundamentally fabulous given its ultimate valuation is a function of currency debasement. Hardly is that news to our veteran readership, nor to anyone who fully comprehends The Gold Story. So let’s just briefly break down the ultimate effect of...
Precious metals markets are trading quietly this week even as inflation data comes in hotter than expected.
September 16, 2023
The government's fiscal stimulus in 2023 has temporarily lifted the GDP growth rate. However, fiscal stimulus is not a reliable source of economic growth. It undermines productivity in the long term. It also creates problems such as higher taxes, higher interest...