first majestic silver

Gold Editorials & Commentary

January 29, 2018

The best performing metal this week was silver, up 1.68 percent.  Gold traders remain bullish on the yellow metal for a third week on sustained dollar weakness, according to the Bloomberg weekly survey. The gold price heads toward its highest since August 2016,...

Jim, you're a very well-traveled individual who has his finger on the pulse of what's going on, not just here in the states, but around the world. I know you were just in Europe. Is complacency an issue all over the globe or is it just a Western World thing or an...

Rates continue to rise, though stocks remain oblivious. The yield on the 10-Year US Treasury continues to soar, with a confirmed breakout from its 10-year downtrend.

Dear Friend of GATA and Gold: Our friend P.C. writes: "As a long-time GATA follower, I fully subscribe to the understanding that markets generally, and particularly the precious metal markets, are controlled to keep international exchange and trade 'stable' and...

I have seriously underestimated the extent of the uptrend which started with the low of the 7-year cycle at 1810. I was looking for a phase count to take us to a 2660 top, but that turned out to be a short-term stop with SPX only pausing briefly at the end of 2017...

January 28, 2018

The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term...

The leverage in the economic system has become so extreme; investors have no idea of the disaster that is going to take place during the next stock market crash.  The collapse of the U.S. Housing and Investment Banking Industry in 2008 and ensuing economic turmoil...

'Twas the young year's landmark week, the Dollar's knees going weak: Gold's Key Pop: Last year's high of 1362? Gone, price trading up to 1365 in the 06:00 GMT hour on Thursday. For the run toward our "conservative" forecast high in 2018 of 1434, getting past last...

With the rally continuing to power higher in the stock markets I’m going to update the portfolio combo charts so you can see how this once is a lifetime rally in unfolding. When this impulse move finally burns itself out we will get a decent sized correction that...

This week the Dow Jones closed at new all-time highs every day except for Tuesday; the 96th to 99th since the November 2016 presidential election. Of January’s eighteen NYSE trading sessions, eleven of them closed with the Dow Jones at a new all-time high.

January 27, 2018

Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.

There are many market historians and technical analysts that like to assess the outlook for stocks based upon the “January Barometer” which, in its most rudimentary definition, says that “as January goes, so goes the market” for the rest of the year.

January 26, 2018

As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of the U.S. dollar are generally gold’s...

Here are today's videos and charts.

Gold’s strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical...

Two years ago I was fortunate enough to be invited to the World Economic Forum at Davos. The invite and events were paid for but everything else was not. This gave me an interesting insight into how the other half (read: 1%) live whilst not enjoying all the spoils...

The following Jackass forecasts listed within the article for this new year are fully consistent with the Hat Trick Letter analysis over the last few years. All are on the verge of occurrence. If even one quarter of these calls comes into reality, the world will...

What we are about to witness in the markets will be similar to watching a gigantic controlled demolition, like say the World Trade Center controlled demolition in NYC. The initial charge that starts the whole sequence of momentous events is the dollar breakdown of...

This past week has been momentous because the dollar has finally broken down from its giant 3-year long Broadening Top pattern, and fundamental developments suggest that it will continue to weaken, and since it has now broken down decisively, the rate is decline is...

Here are a few charts on the USD, Gold, Silver and GDX showing the Thursday’s reversals.  One day does not make a trend. However, today Friday is a new trading day. Let’s see what it brings…?

January 25, 2018

We’ve all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and...

While the gold mining industry reports energy as only 15-20% of its total production costs, the total amount consumed by the industry is much higher.  The market underestimates the amount of energy consumed by the gold mining industry because of the way it is listed...

Love it, or hate it, the $USD is the reserve currency of the world. So what happens to it is of MASSIVE import to the rest of the financial system. With that in mind, take a look at the below chart.

After what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding,...

In our second GoldNomics podcast, we take a look at one of the important financial questions of our day – is this the greatest stock market bubble in history?

January 24, 2018

In a year when the S&P500 hit all-time highs, gold also held strong, finishing 2017 up 13.5 percent, according to the World Gold Council. Gold’s annual gain was the largest since 2010, outperforming all major asset classes other than stocks. Contributing to this...

As the long-term interest rate Amigo continues upward, the anti-USD ‘inflation trade’ continues onward and more and more gold bug writers emerge from the woodwork, it is time for a little antidote to the inevitable pitches and hype to come.

Through the first three weeks of 2018, one of the key stories has been the falling US dollar. Expect this trend to continue and even accelerate as we go through the year.

Cyber-attacks are the third most likely global risk for 2018, behind extreme weather conditions and natural disasters, according to a new report by the World Economic Forum. Estimated to cost over $1 trillion per year, cyber-attacks are now more expensive than...

January 23, 2018

There were some curious developments in the gold sector last year, most of which have flown under the radar of mainstream press reports. And the more they ignore what’s happening, the greater the surprise to the upside will be. It could indeed be very exciting for...

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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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