first majestic silver

Gold Editorials & Commentary

January 3, 2017

In the early decades of the 19th century, a new cultural and philosophical movement emerged that embodies all that makes America great. Led chiefly by Ralph Waldo Emerson and Henry David Thoreau, American transcendentalism praises the purity of the individual and...

While the December 31 selling in gold and gold stocks may have rattled gold bugs a bit, the fact is that gold begins 2017 in pretty good shape. Big fundamental themes that weighed on the “ultimate asset” in 2016 appear ready to reverse and become supportive for...

During last week’s holiday shorten session gold was higher, reaching 1164.30, and then on Friday of last week we had a selloff. In the overnight session that sell-off continued as we reached a low of 1146.50, at the time that this Post was being written.

The best performing precious metal for the week was palladium with a gain of 3.32 percent. HSBC noted they expect the rise of palladium prices to continue into 2017 with limited supply growth and steady auto demand.

Donald Trump Is An Accelerant In A Burning House Of Cards. In the bankers’ endgame, slowing economic growth and excessive central bank liquidity forces investor capital into financial markets; driving up the price of stocks, bonds and commodities and creating...

The quote is a paradox within itself, but sums up the outlook of anyone that has gleaned a grain of wisdom in their life. Yet, here I am offering predictions for the future, a thing one could know with even less certainty than present conditions. We study trends,...

Two weeks ago, I was looking at a possible 2330 SPX by year’s end. By December 23rd, I told my subscribers to expect a rally into December 27, and then a bottom near December 29th, somewhere between SPX 2238-52. The SPX closed at 2238 on the December 30th, after...

After several attempts at rising above the 2278 level and falling short, SPX appears to have given up and started a deeper correction. A hold above 2245 would have looked like a consolidation pattern, but by dropping lower and declining below 2240 on Friday, it...

January 1, 2017

I published a blog post in late-June titled “Gold Has Peaked For The Year.“ In this post I argued that relative to other commodities (as represented by the Goldman Sachs Spot Commodity Index – GNX) gold’s peak for 2016 most likely happened in February. As evidenced...

There has indeed been an ongoing cleansing in the precious metals market since the spike highs five years ago. Remember, there have been calls for a massive turnaround in prices for both gold and silver since 2013…2014…again, even more so in 2015. 2016 has just...

As always, I provide no predictions or forecasts for the future. As a successful long-term investor, I remain faithful to Warren Buffett’s life long commitment in investing by observing his two rules.
Rule #1 – Do not lose money. Rule #2 – Do not forget rule #1....

December 31, 2016

Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 December, after which these notes will have no redemption value.

December 30, 2016

The Trump presidential election win has pushed capital into a major risk on rally, benefiting stocks, energy and the US Dollar. Interest rates are soaring in line with the Dow Index breaking 20k indicating major inflationary pressures. Commodities such as industrial...

The US stock markets spectacularly defied the odds in 2016, soaring after both the UK’s Brexit vote and US presidential election. Both actual outcomes were universally feared as very bearish for stocks before the events. These contrary stock rallies have left...

The last of four February Comex futures contracts acquired by subscribers two days ago should have been exited early Thursday morning at 1149.90 for a total profit of about $3800. The ‘dynamic’ stop-loss at 1149.90 was triggered by a $1.40 drop from the high at the...

It's my last article of what I believe is the penultimate year of survival for history's largest; most destructive; and for the first time, global, fiat Ponzi scheme. Fittingly, on this typical quiet week of paper-thin holiday trading, the headlines are exploding...

The gold price is showing strength heading into the close of 2016. The gold price has advanced for five straight days and is back above $1,150. The price put in a double bottom around $1,125 during December and the recent really suggests this may have been the...

The biggest issue in the financial system… the issue that CNBC is completely avoiding… and 99% of professionals are ignoring is the US DOLLAR. The US Dollar Has Ripped To 103.

December 29, 2016

Tim Moen, leader of the fast-growing Libertarian Party of Canada, took time off during the Holidays to provide insights into key issues facing the Canadian economy in 2017. One priority: partially divesting US dollar holdings and shoring up Canada’s gold reserves....

In more ways than one, 2016 was a roller coaster year. One need only look at gold’s performance to confirm this. After rallying more than 30 percent in the first half, the precious metal stalled in the days before the US election, then retreated on a weekly basis,...

Something is brewing in the economy. Since the election of Donald Trump, interest rates have spiked, copper prices have surged, and various sectors of the stock market have swung "bigly" on speculation of what "Trumponomics" will bring.

As I have now been publishing my analysis on markets for a bit over 5 years, I have seen these set ups quite a number of times on many different time scales. You see, the metals complex has now dropped for months and even deeper than we had initially expected back...

December 28, 2016

Gold has suffered recently in the wake of higher real interest rates, while thanks to higher yields the US Dollar Index has reached a 14-year high. Stronger real rates hurt gold. However, so does a stronger US Dollar, which remains the dominant global reserve...

The best performing precious metal for the week was gold, down just 0.08 percent. Gold is steady in year-end holiday trading, reports UBS, and is trying to form a base around these levels. Physical markets have perked up, helping the market find stability.

By listening to President-elect Trump, we can anticipate the effect his administration will have on the US economy. Here is what we know: Mr. Trump plans to beef up the military, and improve US infrastructure, including a wall at the southern border. While there...

December 27, 2016

2016 was the year I finally decided to codify my niche as a psychology-focused market contrarian, putting the Alice, Red Queen and Rabbit components of NFTRH’s logo right there on my inner forearm, forever.

Gold may be in the first stage of a significant rally. Gold has burst out of the short-term down channel, and the recent action of the “smart money” commercial traders is very positive.

This year has been one for the history books. Donald Trump was elected as the 45th president of the United States, gold had its best quarter in a generation, Warren Buffett decided he likes airlines again and voters in the United Kingdom elected to leave the...

The best performing precious metal for the week was gold, down just 0.08 percent. Gold is steady in year-end holiday trading, reports UBS, and is trying to form a base around these levels. Physical markets have perked up, helping the market find stability. UBS says...

SPX continues to show the potential for making an intermediate top, but could have another small upward thrust before starting a lengthy correction. Ample warning is being given by reliable indicators, and the correction would conform to current cyclical patterns...

Gold IRA eBook

A sheet of gold can be made thin enough to be transparent

Gold Eagle twitter                Like Gold Eagle on Facebook