first majestic silver

Gold Editorials & Commentary

December 13, 2018

Our team of researchers believe the recent upward price move in gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins.

Could there have ever been constructed four finer sentences strung together for the purpose of defining eight items related to money and social standing than the following?

December 12, 2018

Incredible! The Dow swung nearly 570 points on Tuesday without breaking above or below the previous day’s range.  This is what chartists refer to as an “inside day.” In fact, the blue chip average didn’t traverse even half of Monday’s epic, 1214-point swing. Get...

Previously, I have shown how we could be close to major financial crisis with the monetary system at the center. The following chart that shows the ratio of gold to the monetary base was used:

Each of the past five years, we've predicted a year-end and new-year rally in precious metals. And for each of the past five years, the market has performed as forecast. So, what can be expected as 2018 becomes 2019?

Salvation Army staff in Alaska got a big surprise while counting change from their red kettles last Friday. An anonymous donor dropped a gold bullion coin, worth $1,250, into a Salvation Army kettle at a store in Alaska.

December 11, 2018

Where Are The Populist Government Leaders Who Are Cutting Their Outrageous Government Debts? The answer, unfortunately, is that they do not exist.

155,000. The November job gains disappointed. But the unemployment rate remained at 3.7 percent. What does it all mean for the gold market?

The Global Financial Crisis, a broader deeper more powerful systemic crisis than the Lehman Event was, has finally arrived in a great redux. It is seen in numerous areas. We have finally arrived at the ten-year anniversary of the Lehman event, a killjob whereby...

Two months ago we warned of October being the month markets have been known to go bump in the night – 1907, 1929, 1987, 1997, 2007, 2008. Sure enough, on October 2 the Dow Jones Industrial closed at 26,828. By the end of the month, it stood at 25,115 – down over...

Jim Cramer of CNBC fame likes stocks. On Tuesday, October 23, before the DOW collapse of 608 on Wednesday, October 24, CNBC reported: “Cramer advises patience, not panic, saying don’t dump stocks in this sell-off.” [Dow 10/23/18 – 25,191. Dow 12/10/18 – 24,423.] “He...

Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember.

This past week was quite interesting, as well as volatile. On Monday, we had a huge gap up right into the initial resistance region we had on our charts in the 2810-15SPX region. In fact, the futures struck a high of 2813ES, and then turned down.

I would like to show you some charts from the PM complex we haven’t looked at in a long time. Some of these charts will look familiar to some of our long term members as they were very helpful in the past to help us figure out what the PM complex was up to.

December 10, 2018

The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. We hear lots—often from Baby Boomers—about the propensities of their children’s generation. The millennials don’t have good jobs,...

Gold is heading for its best close since July as investors are betting on whether the Federal Reserve will continue its rate hike cycle, and as the Treasury market flashed a warning sign early this week, writes Bloomberg. Kunal Shah, head of commodities research at...

Apart from a 2-week period around the middle of the year, my Gold True Fundamentals Model (GTFM) has been bearish since mid-January 2018. There have been fluctuations along the way, but at no time since mid-January have the true fundamentals* been sustainably-...

As we are watching the US and global markets rotate dramatically lower over the past few days, we have been advising our members that we believe this rotation is an over-reaction to economic impetuses and trade issues – not a massive downside price break.

Gold acted as a safe haven last week and is again acting as a safe haven in December. It has performed well despite the rout in stocks in Ireland and globally. U.S. stocks including the S&P500 and Nasdaq were down nearly 5% last week, while gold was 2% higher...

The bull market turns 3,560 days old as of last Friday. It's the longest period of uninterrupted stock gains in Wall Street history.

December 9, 2018

This market has been a real bear, lately! (Forgive the pun, but is it really one?) While we do not have absolute confirmation that we have started a bear market -- and won’t until we begin to decline in earnest below 2604 -- all the evidence points to massive...

Would you go down to the railroad track and stand in front of an oncoming express train? Probably not, yet that is what many investors are doing, metaphorically speaking, by remaining long the stockmarket at this time.

Over the past week, the gold and silver prices have held up rather well compared to the overall markets.  While precious metals investors still fear that a huge sell-off in the gold and silver prices will take place during the next market crash, it seems that the...

Let's begin with this from the "You Hoid It Here Foist Dept.", or likely so: per the above Gold Scoreboard in price settling out the week yesterday (Friday) at 1254, Gold to this point of the year is now higher than 'twas at this time in each of 2017 (1249), 2016 (...

What a week for Mr Bear! Oh, the Dow Jones Index closed 9.09% from its last all-time high of October 3rd. That by itself isn’t a concern of mine. As seen below, since last January the Dow Jones Index has seen lower levels in the BEV chart.

December 8, 2018

Our proprietary cycle indicator is up. Gold sector is on a major sell signal.  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. 

Listen to what gold is saying. It’s not deflation that we have to worry about. We’re about to enter a multi-year period of rising inflation. Seriously did you think years of QE weren’t going to have consequences at some point.

Until the arrest of Huawei’s CFO in Canada at the request of the U.S., I was becoming more neutral to bullish on Gold. The G20 meeting was a complete waste of time in that nothing really changed. There was no agreement on the substantive issues, and certainly not in...

The macro has moved through a time of moderately rising inflationary concerns when economies were cycling up, many commodities were firm and risk was ‘on’. Contrary to the views of inflation-oriented gold bugs, that was not the time to buy gold stocks.

December 7, 2018

It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis...

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Gold is using for heat dissipation in some cars.

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