You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold.
Gold Editorials & Commentary
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May 23, 2013
This has been one of the worst stretches for gold and silver pricewise in quite some time, no secret there. I have to go back to when silver was in single digits to find a comparable period. The question on precious metals investors’ minds is whether this ba
Much has been made about the drop in COMEX gold stocks. COMEX gold stocks have fallen from 11.1 million ounces in the end of 2012 to just under 8 million ounces today.
May 22, 2013
In a recent post, The Pull from the Future, I discussed how any sort of quantitative model based on statistics, earnings, GDP -- really any extrapolation of past data into the future -- is just not a viable method for forecasting future market behavior.
Billionaire hedge fund manager, David Tepper, made news this week when he emphatically stated that investors have nothing at all to fear regarding the eventual tapering off of Fed’s $85 billion worth of monthly debt monetization.
China has signaled it is going to propose plans this year to allow freer flows of the Yuan both in and out of the nation as part of measures to loosen control over the Yuan and interest rates.
The physical buying has been overwhelming all over the world
There are several indications that the currency war is heating up, the gloves are coming off and new players are piling into the barroom brawl.
The gold market was smashed as you can see by the collapsing red line which occurred at 6 P.M. Sunday May 19. As far as I am concerned nothing in the bullish picture has been violated. What is meaningful is on the following pages.
May 21, 2013
I used to half joke with some of my investing friends that the best time to buy stocks is during or right after a crash. Think 1987, 2000-2002, 2008-09, and now perhaps Gold Miners??
1. Huge rallies begin from these conditions
Let’s take a look at a few graphs of the dollar, from Feb 1, 2013 through Friday May 17, 2013. Yes, I said graphs of the dollar. I’ve priced the dollar in gold first (of course), then silver, the euro, and even the yen. The pattern is obvious.
While The Banking Cartel Tries To Suppress Gold Prices,
Demand For The Physical Metal Increases.
After the 1929 crash, the US Treasury & the Fed worked together. They revalued gold, and began a program of Quantitative Easing (QE).
I wrote nearly a month ago that "The Worse Things Were For The Mining Sector, The Better They Will Get”. This was after the first downward plunge in gold (GLD) and silver (SLV) in April due to the Goldman short.
I read a piece this morning by Josh Brown, the Reformed Broker, in which he destroys the 1999 comparison for the stock market. He makes some excellent points about why the stock market is not only not over valued compared to 1999, but is actually a bargain.
May 20, 2013
When volatility prevails in the gold market, I love seeing so many different opinions because it promotes critical thinking and healthy markets.
The US government usually admits to "price inflation" of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let's say 5%/year for the sake of argument.
Gold’s Bull market from 1999 is not over. The decline from September 2011 is a two year correction inside a multi-decade Bull Market Rally. This corrective decline is finishing now. A huge rally leg will start at its conclusion.
The US government usually admits to "price inflation" of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let's say 5%/year for the sake of argument.
May 19, 2013
Imagination was given to man to compensate him for what he is not, and a sense of humor was provided to console him for what he is.
— Oscar Wilde
Clive Maund
Global gold demand for the first quarter of 2013 declined both in terms of tonnage (-13%) and dollars (-16%).
It is a well-known medical fact that more people die from LOW BLOOD PRESSURE than from high blood pressure.
May 18, 2013
The levitating stock markets continue to seductively entrance traders, powering to new nominal record highs day after day after day. No one believes a meaningful selloff is even possible anymore, thanks to the vast deluge of central-bank monetary inflation. Sh
We are going to start off with one of the most eye-popping pictures of just one central bank, the privately owned corporate Federal Reserve, and its purported gold holding.
We had another spectacular week while the markets and stocks just won’t quit. I hate to rub it in if you’re a suffering mining investor mainly. Trust me, I feel your pain.