I wrote in number of occasions that the gold price was unlikely to hold the breakout above the $2,000 level. Last week provided the final confirmation. Gold price not only declined below $2,000 in a decisive manner. It not only closed the day below this level. 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.
April 24, 2023
Gold is on the cusp of its biggest breakout in 50 years. Sure, the weak dollar has helped, but Gold is incredibly strong in real terms. Gold against foreign currencies recently hit new all-time highs. Gold against Bonds is at multi-year highs, and Gold against the...
From oil markets to treasury stacking, backdoor QE, investor fantasy and hedge fund prepping, it’s becoming more and more clear that the big boys are bracing for disaster as gold stretches its legs for a rapid run north.
Readers will be pleased to hear that Alissa Heinerscheid, the Anheuser-Busch marketing whiz responsible for featuring Dylan Mulvaney’s unwholesome mug on cans of Bud Light, appears to have lost her job.
Gary Wagner, the editor of TheGoldForecast.com, joins the show, and we discuss whether the Federal Reserve can keep raising rates without breaking the economy and how this will affect gold and silver prices.
This week, come and hear an inspiring story involving California Senator Dianne Feinstein and a certain, shall we say, malady. The Treasury is running out of cash, with the debt ceiling to be hit by June.
April 23, 2023
It’s been two decades of pain with interim bullish flashes in gold stocks, and the herds are painfully aware. They’ve learned their lesson and now they’ll miss a coming opportunity
Yes, per last week’s 700th missive, an All-Time High for Gold remains nigh, (i.e. above 2089). Yet en route to said notion of nigh, we also penned our expectation for Gold to first recede into the 1900s, price indeed having traded this past week to as low as 1981...
Advance and be recognized; what’s the password for the stock market these past few weeks? Tedium, what else could it be? Since the end of March, the Dow Jones’ BEV value has traded between its BEV -9.58% (33,274) and -7.53% (34,029), or -2.05% BEV points. That...
April 22, 2023
Our proprietary cycle indicator is UP. Trend is UP for gold. Our ratio is in the process of a cup. We are holding long and short term positions.
With the PMs outperforming on Apr. 20 despite the S&P 500’s struggles, the crowd continues to assume that what’s bad for other risk assets is good for gold, silver and mining stocks. However, reality paints a much different portrait, and the PMs’ medium-term...
As gold bulls defend the key $2,000 level, sound money proponents are scoring big wins in state legislatures. Arkansas governor Sarah Huckabee Sanders recently signed the Arkansas Legal Tender Act into law. It reaffirms gold and silver as legal tender, as well as...
April 21, 2023
The gold miners’ stocks continue powering higher on balance, growing their strong upleg. Yet despite their great gains over this past half-year, gold stocks still remain undervalued relative to their metal. Mean reverting sharply higher out of last year’s...
(Jackson, Mississippi) – With the stroke of Gov. Tate Reeves’s pen on Wednesday, Mississippi has become the 43rd state in the country to end sales taxes on the purchase of physical gold, silver, platinum, and palladium coins and bullion.
Some who are considering buying gold bullion or silver investment often look closely at the price and ask ‘is now a good time to buy gold’? This is understandable after all no buying decision should be one that you take lightly and often people want to feel like...
We've been aggressive profit bookers for the flagship SGS gold and silver stocks portfolio. We are loaded with cash, and ready to buy a deep correction, which hasn't happened yet.
Last week, the Treasury Department revealed that the federal deficit hit $1.1 trillion in the first half of the fiscal year ending in March, $432 billion larger than the same period a year earlier.
Gold has not been in a secular bull market for a while but now it is starting one. When Gold is in a secular bull, gold stocks can outperform Gold as the Gold price trends higher and outperforms cost increases. If you think Gold is going into a secular bull as I do...
April 20, 2023
Gold is money. Every other monetary instrument is just currency. The economically accepted definition of “money” has several requirements. However, the central and intrinsic property is that real money must be “a store of value”.
The days of paying for something with cold, hard cash may be numbered. The pandemic has accelerated our transition towards a cashless economy, with consumers nowadays preferring the convenience of mobile banking or digital wallets.
Rumors are making rounds that Saudi Arabia is selling oil for yuan, which it converts into gold on the Shanghai International Gold Exchange (SGEI). Such a development would make sense as large parts of the world want to de-dollarize, but the renminbi is not suitable...
After the collapse of Silicon Valley Bank (SVB), I received several questions related to the collapse. One by Dr. Michael Overfield caught my eye. He says: "The question I have is about fractional reserve banking. This is more in the news following the failure of...
Francis Hunt, the macro technical analyst and founder of The Market Sniper, joins the show, and we discuss the recent softening of the dollar and the possible effect on gold and silver. They discuss critical technical levels in gold and silver charts and how the...
In this video Gary Savage discusses the current gold buying opportunities in relation to gold hovering around the $2000 mark and reaching what could be a danger zone where the banking cartel may try to stop the move from testing the all-time highs.
April 19, 2023
There are many reasons to buy and hold physical gold. The lack of counterparty risk, the diversification, and the hedge against inflation are among the top reasons to own the monetary metals.
Money supply growth fell again in February, falling even further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. February's drop continues a steep downward trend from the unprecedented highs experienced...
April 18, 2023
Notwithstanding the expectations for a Fed pivot, along with expectations for inflation to get a lot worse, there are numerous indicators that the economy is slowing considerably.
As gold gyrates in the $2000 zone, the dollar (basis USDX) has arrived at the key round number of 100, and bitcoin has reached the huge $30,000 resistance zone. Is it time for a major reaction for gold and crypto, and a big rally for the dollar? Perhaps, but it’s a...
Gold has seen support from safe haven demand and falling U.S. yields, while copper has seen more sideways performance as investors weigh up global economic growth risks against supply disruptions and China’s reopening.
The debt-disabled U.S. economy cannot withstand the surge in borrowing costs, and the reduction in money supply growth necessary to combat the record-high inflation suffered over the past few years.