The best performing precious metal last week was silver, up 7.91%. Softer economic data gave precious metals a boost with rate expectations waning and the dollar sinking. This has prompted hedge funds to flip to net short on the U.S. dollar futures.
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.
July 19, 2023
Paper Gold and Silver price rallied this morning as the dollar stayed neutral. In todays show we dig into the price action, the Brics announcement in August and other precious metals stories.
In today's video we're going to take a long-term look at the dollar at its Heyday back here in the 80s, as the personal computer boom and the internet boom was getting underway. Then we had the a major bear market that ended with that crash in 87.
July 18, 2023
Some have called me a contrarian investor. Some have called me an Elliott Wave investor. And, some have called me outright crazy. Well, to be honest, I can understand each and every one of those statements. In fact, when you break it down, they are all saying the...
All the talk about BRIC nations proposed issuance of a gold-backed currency, and most of the analysis, misses a key point... The success of any fiat currency, or real money substitute (in other words, anything other than gold itself as the medium of exchange)...
Are fiat and debt planet Earth’s two main pillars of evil? They likely are. While billions of citizens grovel for food, medicine, and education, their greedy governments inject themselves, and the citizens, with fiat heroin and debt cocaine.
On Friday, July 7, 2023, news broke in the financial market media that the “BRICS” (that is, Brazil, Russia, India, China, and South Africa) will implement their plan to create a new international currency for trading and financial transactions, and that this new...
One of the most common questions we get from clients is whether they should buy either gold OR silver. Anyone researching an investment in bullion can find good arguments for owning either metal.
Will the world experience a catastrophic debt implosion? Just like the Titanic Submersible that recently imploded, the global debt bubble can implode “within just a fraction of a millisecond”. More later in the article.
Dollar weakness is powering the precious metals sector higher as Silver and the miners lead. Last week, the GDX advance decline line cemented a positive divergence. There have been four other positive divergences in the last 7 years and all resulted in big rallies...
July 17, 2023
It’s always darkest before dawn, and the feeling is most bullish before the top. Is the sentiment (unnecessarily) positive right now?
Aside from speculation there hasn’t been official confirmation by any BRICS nations that they will either issue a new currency backed by gold or peg their currencies to gold anytime soon.
This is the global currencies chart we review each week in NFTRH. It’s a daily chart meant to keep track of the intermediate trends in the global cohort of developed market currencies vs. the heretofore King of the World, Uncle Buck.
Jim Grant, the financial world’s adult in the room, says the bear market in Treasury bonds could last for decades. Do the long-term charts support this dire prediction? The one reproduced above suggests that it’s at least possible that we are in the early stages of...
Join us today Greg Foss, and we delve into the world of gold, silver, and hard assets. Discover the driving forces behind the current prices and why owning precious metals and Bitcoin can serve as protection against currency debasement.
After a sell over the past 2 months in gold and silver, the metals have rallied over the past 2 days, with lower consumer and producer price inflation reports providing the spark.
July 16, 2023
On the off chance you somehow missed this past Monday’s early morning tweet (@deMeadvillePro) with Gold then wallowing about in the 1920s, here ’tis: “Gold’s ‘Baby Blues’ have confirmed moving above their -80% axis, indicative of higher price levels near-term; a run...
A potentially pivotal week of trading is seeing precious metals markets push higher. The main catalyst is a breakdown in the U.S. Dollar Index. On Thursday, the dollar slid to its lowest level in more than a year versus a basket of foreign currencies.
At week’s close, the Dow Jones is looking good. Looking good as it has for the past eight months (Red Circle), just short of breaking into scoring position, having a BEV value of -4.99% or less, but advancing no more. Are the bulls worried about something as they...
July 15, 2023
Our proprietary cycle indicator is UP. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term buy signal. GDXJ is on short term buy signal.
July 14, 2023
Here are today's videos and charts.
The gold miners’ stocks surged back mid-week after a major Fed-dovish inflation report. The latest US consumer-price-index read came in cooler than expected, continuing this past year’s disinflation trend. That lowered Fed-rate-hike odds, slamming the US dollar. ...
Gold has successfully tested its 150-day moving average roughly three months before every major breakout. In recent weeks, Gold tested its 150-day moving average. We cover the history in this video.
Gold silver and PM stocks staged a major breakout yesterday as the dollar cratered to signal the onset of a major devaluation as its loss of reserve currency status becomes a physical reality.
July 13, 2023
How long will he tilt at the inflationary windmill? A hawkish Fed has been the US dollar’s ally since tardily taking up the fight against the “transitory” inflation over a year ago. The June CPI report was yet another indication that the Fed is tardy once again,...
From the center of the continental United States to the middle of Australia is 9,241 miles. It’s a little further from London to Sydney—about 10,572 miles. But in economic matters—the laws of economics being both immutable and universal—the distances between the...
Most precious metals advocates are aware that gold and silver have been used as money for thousands of years. Yet the actual history of gold and silver as money in the US can be a complex topic, with different interpretations of what the constitution states, and how...
The advance decline line as of the start of the week was showing a positive divergence. There was a similar positive divergence in the advance decline line at the October 2022 and March 2023 lows in gold stocks.
I think I've got enough confirmation now the intermediate cycle low is in for gold. I warned people several times the cartel was trying to keep gold suppressed at 940, and I warned people you need to get into full positions before the breakout above 1940, so anybody...
July 12, 2023
Gold and USD Index are always connected – the former can’t break from the currency it’s priced in. And right now, that provides us with extra clues. Things are very exciting on the USD Index front. Yes, it’s declining, and yes, it’s excitingly… Bullish.