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Bear's Lair

Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.

 

Nobody ever said riding a (gold) bull market was easy. Unless you’re prepared to buy, close your eyes, and come back years later, then I’m afraid we have to take the good with the bad.

COTs, sentiment and public opinion and a raft of technical indicators are all at low extremes that continue to indicate that gold is marking out a major low here and set to reverse to the upside before long.

Last week I mentioned I was heavily short the markets and many leading stocks.  It worked out well but not as well as I’d hoped.  Once the action begins to change profits have to be locked in and that’s what we did.

With the S&P500 closing the week out at all-time highs,  it’s hard not to be long it.  Now we’re looking for a new all-time high print this coming week.

Over the past year my long term trends and outlooks have not changed for gold, oil or the S&P500.

I’m constantly on guard not to bore my readers with tedious, repetitious comments week after week.  However, with the markets acting as they are, it’s impossible not to be repetitive as the markets are mostly a repeat of the previo

Testifying before the US Senate this past Tuesday, Fed Chairman Ben Bernanke made an extraordinary claim about its bloated balance sheet: "We could exit without ever selling by letting it run off." What Bernanke means here is that

First let’s consider the outstanding performance of GOLD & SILVER since 2001.

Investors sentiment for precious metals and gold and silver mining stocks has deteriorated quite substantially recently. And silver is no exception here, which can be seen on the white metal charts.


 

It’s hard to believe that gold’s bull market is nearly a dozen years old.  And boy has it been a delight watching it mature from its 2001 infancy.  It’s also been fun observing the ever-changing dynamics of gold’s structural fundam

A sudden urge has come to address an overwhelming list of critical gritty questions.

A sudden urge has come to address an overwhelming list of critical gritty questions. They crop up with clients, colleagues, and friends.

There is strong empirical evidence of a direct relationship between long-term price inflation and money-supply growth.

A prominent feature of the stock market recovery since 2009 has been the declining trading volume trend.  NYSE trading volume has visibly diminished over the last four years after reaching a climax in March 2009 (see below

There is strong empirical evidence of a direct relationship between long-term price inflation and money-supply growth.

Gold dipped below $1,600 last week, falling to a six-month low, much to the chagrin of gold investors. I find the timing of the correction peculiar, given the G20 Finance Ministers Meeting taking place over the weekend.

The Dow Jones ended the week with a small gain, but this is no big deal as it did so because the Federal Reserve made sure it did.  Here is an article which quotes the President of the Dallas Fed admitting

There is now such an overwhelming array of technical evidence that the Precious Metals sector is forming a major bottom, that by the end of reading this update you will, or should unless you are stupid, understand why we now have n

Endless money forms the sinews of war.

- Cicero (106 BC - 43 BC)


We had a very weak week in the precious metals and later on, the general markets and many stocks also broke down.







GLD – on sell signal.

Gold got crushed this week in what can only be described as a capitulation.  Cascading selling took on a life of its own as the yellow metal knifed through multiple key support lines.  Newsflow exacerbated gold’s free fall, as extr

Gold and silver along with their related miners have been under a lot of selling pressure the last few months.

A curious thing happened last week.  The prices of both monetary metals have been falling for a week and a half through February 15.   No, that’s not the curious part.  There is no law of nature that says the prices have to go up,

The financial markets have begun 2013 in remarkably similar fashion to how they began 2010, 2011 and 2012.

We haven’t looked at the US Dollar in a while so let’s see what it’s been up to in the last month or so.

HOW REALLY BAD ARE THE ECONOMIC FUNDAMENTALS?

If this is the best that the Precious Metals sector can do when the broad market is rising, as it has been, then what is likely to happen when the broad market drops?

Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world.  Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a

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The California Gold Rush began on January 24, 1848 when gold was found by James W. Marshall at Sutter's Mill in Coloma.

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