first majestic silver

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.

 

With QE2 apparently coming within the next few weeks, markets are shedding off the more common October blues and rallying.

Gold's relentless climb to new record highs is driving a renaissance of investor interest in junior gold stocks. This fascinating subsector amplifies investing's usual risk-reward equation to breathtaking extremes.

Long time readers may recall that I lived in Copiapo, Chile for quite a while - 2 years to be exact, although I now live in the very different Lake District in southern Chile, near

It's been an interesting week with stocks, commodities and currencies having a knee jerk reaction to the FOMC minutes released Tuesday afternoon.

"A government that robs Peter to pay Paul can always count on Paul's support." -- G.B. Shaw



"All problems come from the fact that people don't understand money." -- John Adams

The increasingly visible vote of no confidence in the fast failing USGovt financial structure, and in the missing capital formation apparatus that was once Wall Street, and in the entire avalanche of paper in debt monetization to u

 





 



GLD - on buy signal…but very overbought.

The metals corrected slightly this past week and look about ready to put on hold, their runs higher. Don't worry though, it won't last long.

Inspired by gold's relentless momentum, investors drove the flagship HUI gold-stock index to new all-time highs this week.

We are on the point of a major breakout by Precious Metals stocks that is expected to lead to a powerful rally.

Wednesday's session closed mixed on the day. The DOW posted a third of a percent gain while the tech sector closed down almost nine tenths of a percent.

There is no shortage of predictions and opinions, experts and forecasters, theories and ideas. Despite this, certainty is in short supply and chaos threatens to become the new norm.

I am quite often asked by readers "what do you think will happen?" in some monetary Armageddon-scenario, such as the complete collapse of the entire, global fiat-currency system, or 'merely' the collapse of their own, domestic pape

Investors around the globe are concerned with the economic outlook, not only with the United States but with virtually every country.

Two of our three requirements for a major uptrend developing across the Precious Metals sector that were set out in the last Gold and Silver Market updates have now been met - first silver has broken out to clear new highs, then go







 



GLD - on buy signal.

Becoming very overbought…

You may find this difficult to believe, but there are over 300 million scrap metal and paper recyclers in the United States. In Japan there are over 127 million, Europe 730 million and the list goes on.

Wednesday the market didn't tell us anything new. The equities market is still over extended on the daily chart but the market is refusing to break down.

Some prefatory stories are highly revealing. Bank of America is badly on the ropes. On the same weekend at the end of July, when the Bank For Intl Settlements executed a 340 ton gold swap contract, two other events happened.

Human stupidity manifests itself sometimes as a one off act and at other times as an enduring strategy. The experiment with fiat currency falls into the latter category.

Gold's at another all-time high today. What else is new! It's the same old, same old as it just keeps slowly mowing forth.

Resistance is futile. Gold is charting into new frontiers. We're now on the road towards $1,500 Gold and $30 silver. Both targets should be reached with this move which should last until perhaps spring.

 





 



GLD - on buy signal.

Becoming overbought.

In the first part of this series, we took at a look at Partial Equilibrium (PE) analysis in terms of analyzing a particular good or service rather than macroeconomic aggregates.

An open letter to Paul Volcker, Chairman of the Board of Governors of the Federal Reserve, 1979-1987; Chairman of President Obama's Economic Recovery Advisory Board, presented to him, in person, la

Gold's typical autumn strength has been garnering a lot more interest than usual this year. Since its late-July seasonal low 8 weeks ago, this metal has rallied over 11%.

Japan has proved without confusion that 0% is a permanent stuck position. The United States will repeat the path, but with a vast mudslide.

There is regularly talk about the Fed (or Treasury) devaluing the US dollar, but how do you devalue something that doesn't have a fixed measurement?

As the old expression has it, there are:

More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached.

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