The political and financial class breathed a sigh of relief when Congress passed the Fiscal Responsibility Act of 2023. The bill suspends the debt ceiling for two years, thus avoiding the establishment’s nightmare of a government default on its debt. Rather, it...
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.
June 6, 2023
In this interview, Robert Sinn, @GoldfingerCapital provides a short-term and medium term outlook for Gold. We discuss both the current bullish and bearish drivers and the outlook for the second half of the year.
We got our second test of the intermediate uptrend line this morning. Gold has bounced again and I'm gonna caution again that almost all intermediate cycle declines unfold at least as an ABC pattern, so you get an A wave down, a bounce B wave bounce and then a C...
June 5, 2023
We have hardly been the first nor the last to realize that rising rates “break things.” We’ve all seen the disastrous credit events in the repo crisis of late 2019, the UST debacle in March of 2020, the gilt implosion of October 2022 and, of course, the banking...
Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years and the most significant macro breakout since the S&P 500 broke out in 2013.
As I was going through my wallet the other day I came across a bill that was rather folded and scrunched up. If you are older than 20, you can probably relate. It had obviously changed hands countless times in its life. Somewhere along the way someone must have...
Killing an inflated economy is proving to be touchy (and sticky) business. As manufacturing continues to weaken and forward inflation signals continue to fade (per 2023 trends), the Good Ship Lollipop sails on with its vaunted (is that another word for bloated?) and...
Carley Garner joins us today to discuss the chaos in the markets and the Federal Reserve's dilemma. She shares her insights on the Fed's attempts to control the business cycle and the consequences of its actions.
As it stands right now it looks like gold has gotten rejected from the 2000 level, and also from this 10-week moving average. This is one of the signs that I watch that tends to indicate an asset is in the declining phase of its intermediate cycle.
On this first episode of the Fed Watch Podcast, Ryan McMaken and Senior Fellow Alex Pollock talk about how the Federal Reserve has negative cash flow. The Fed will print money to "solve" the problem.
June 4, 2023
Point: One of the long-standing trading tenants of “The Smart Alec Dept.” is to “buy the rumour” and then “sell the news”. We thus present the quintessential example of such grip n’ trip treatment: Gold.
Hot off the press; by the skin of our teeth, RINO Republicans and Commie Democrats came together yesterday to save the United States from default, one more time.
June 3, 2023
Gold sector cycle is down. Trend is mixed. A correction is in progress. We are holding core positions and hedged.
On our Daily USDX Chart we have shown our count for wave a, and we are now working on the assumption that it is complete at the 100.42 low. We should now be rallying in wave b, which has the following retracement levels:
June 2, 2023
Gold’s latest pullback in May short-circuiting strong seasonals frustrated plenty of traders. It was driven by heavy gold-futures selling in response to a sharp US-dollar rally, which in turn was partially fueled by hawkish comments from top Fed officials. When...
In the recent weeks and months the economic data that's come out continues to show a weakening of the US economy. Which is hardly surprising given the rapid increase in interest rates the Fed has undertaken over the past year, that's left the banking sector...
Winston Churchill’s résumé was remarkable enough to earn him the title of Renaissance Man. Sandhurst-educated soldier, journalist, painter, historian, world traveler, Nobel laureate, member of Parliament, President of the Board of Trade, Home Secretary, First Lord...
In today's video I want to caution gold bugs to again take any bounce with a grain of salt as ICL's almost always unfold as an ABC, at least an ABC move down...
June 1, 2023
Food and energy prices receive headline attention because of their impact on consumer budgets. Post-Covid there has been a sharp spike upwards in the cost of groceries that seemed to catch most people off guard. In addition, the cost of gasoline at the pump has...
A few years ago, I was studying the relationship between the major stock market indexes and their volatility indexes and I came across and an intriguing phenomenon. The vast majority of the time these indexes move in opposite directions from one another.
The best-performing precious metal for the week was gold, but down 1.75%. The demand for platinum is driven by two key factors: 1) The increased platinum loadings needed to meet the China VI standards for heavy-duty vehicles, introduced in 2022, and the expected...
In this video, Dr. Suresh Venkatesan, Chairman & CEO of POET Technologies, discusses the benefits of AI and photonics. Even silver investors want to know about AI. POET Technologies is an emerging AI hardware supplier that uses photonics to deliver the speed and...
The best historical comparison for Gold and precious metals is not the 1970s or 2008. It is the mid 1960s, during which gold stocks (the proxy for gold) broke out from a long base. Had Gold been a free market, it likely would have broken out from a 1948 or 1951 peak...
May 31, 2023
AI! Computers making intelligent decisions! New paradigm! Old laws don’t apply anymore! Long live the bull market! …Really? Yes, AI is transformative. It already starts to enhance multiple businesses, just like the Internet did many years ago. And as many thought...
As one who tracks market sentiment, it still amazes me to watch it develop in real time. And, we see it quite well in the analyst community as well.
White House and Congress complete ritualistic debt ceiling Kabuki Dance. Extra, extra, read all about it! The debt ceiling has been extended, markets of course celebrate.
Fiscal hawks weren't optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican's track record was dismal when it comes to spending restraint.
The gold price is rallying Tuesday morning, following the tentative agreement to the debt ceiling situation, which calls for a suspension of the debt limit until January 1 of 2025.
May 30, 2023
The gold market reaction continues, and the daily closing price chart does a good job of highlighting key buy zones for investors.
Central Bank Digital Currency (CBDC, or in America let’s call it “FedCoin”) is a hot topic right now. Articles about it are everywhere, and Monetary Metals’ clients are asking about it. Gold is widely seen as a way to opt out. No doubt this is part of why the price...