first majestic silver

Gold Editorials & Commentary

April 11, 2016

he best performing precious metal for the week was silver, up 2.05 percent. Reuters reports that Mario Cantu, the General Coordinator of Mining for Mexico (which the U.S. Geological Survey estimates was the world’s biggest silver producer in 2015), expects to see...

Sometimes certain chart patterns morph into others and vice versa. Gold and Silver are still holding to their Head & Shoulder patterns while the miners are developing different patterns due to relative strength.

For years the best trading strategy in gold and silver has been to buy when the ‘net short’ position of commercial traders was low, and sell when the numbers were high.

Either we saw a top in the mining shares Friday or we will see it on Monday. The cycles suggest a low around April 19th and the e-wave pattern suggests a continuation higher after the bottom is put in, likely into early June.

Whether you call it a 1970’s style stagflation or, as we call it, a recessflation, investors need to prepare their portfolios to profit from a protracted period of rising prices in the context of zero growth. Here are some facts: Growth in the U.S. has averaged just...

April 10, 2016

After reaching the stated P&F price projection for the two-month rally which began at 1810, SPX started a minor decline which, so far, has retraced some 40 points and has found support at 2043, an important price level which was breached but not broken.

Gold started the week on the downside but ended ahead by 1.7%. Now, if it only does this every week, we’ll really have a good bull market. However, things do not happen that conveniently. There will be ups and downs as time goes by. Which way the overall direction...

Are we in the midst of an "Enchanted April"? No, not the absorbing 1992 Miramax film some might characterize as a so-called "chick movie", wherein the exquisite cinematography all around Italy's Riviera Ligure is nothing short of stunning.

Indications are that the Battle of the Bulge is over. Market trends are returning to normal…and the rear guard action has failed to extend or even to hold. This week the focus turns to what every reader surely has seen announced and discussed – the on the spur...

Nothing significant happened last week on Wall Street. The Dow Jones chart below looks identical to the one I could have published last week. And as we haven’t seen any days of extreme market volatility since March 1st , the Dow Jones’ 200 count (Blue Plot below...

April 9, 2016

I believe a 2016 recession is already a fact in the US, and the Great Recession will return with a vengeance. That recession never really ended. It was simply propped up while all of its fundamental flaws remained, and the props are now all ended or failing. It will...

Gold sector is on a new major buy signal. Cycle is up but at levels of previous tops. COT data remains in bear market values and is now at levels of previous tops. Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on sell...

The continuous draining of gold from West to East is not a sign of deteriorating viability of the globalists and their takeover/total control of the world. The Game remains the same, the controlling elites remain the same, only the players that are changing: China,...

The stock market acted great all week…until Thursday showed cracks which are telling me stocks are going to move lower in another correction. Moreover, Friday seemed to confirm this…but we haven’t fallen hard lower quite yet.

This is a special preview of the KE Report Weekend Show. This week we are featuring Rick Rule, President and CEO of Sprott U.S. Holdings, who joined us to kick off the show.

April 8, 2016

Technical Analysis of The Markets Via Videos.

Last week we concluded: As long as the gold stocks continue to hold support for another week or two, then the near-term outlook is bullish. A bull flag is a consolidation pattern that separates two strong moves. It could be developing in the miners. However, there...

Gold has spent much of the past couple months consolidating, vexing traders and bleeding away most of early 2016’s enthusiasm that catapulted the yellow metal higher. But this sideways grind has actually been a very impressive show of strength. Gold managed to...

We do in-depth analysis on a weekly basis (and every day-in-week) because there is no substitute for working to be right with the market’s evolving situation as opposed to making bias or ego stoked calls in hopes of being right.

Something big happened in the gold market. It was a stunning trend change in mainstream gold demand during the first quarter of the year. This suggests investors are becoming increasingly worried about the stock markets and are looking for safety elsewhere.

Traders looking to survive the deadly tedium of this market ought not to begin or end their day with a strong opinion. Although bears who smell a nasty top have ample reason to bet the ‘don’t pass’ line whenever the moment feels right, they should hold no illusions...

If an investor was given the opportunity to invest in two nearly identical bonds with one bond paying 2% per year and the other paying 6% per year, logic says most would choose to invest in the higher-yielding bond. In the real world, the bond paying 6% also comes...

April 7, 2016

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price. Like all assumptions about prices, sometimes it is true and sometimes not.

As the consolidation phase continues to build out from this first impulse move up in the precious metals sector, let’s review some of the charts we’ve looked at previously that suggested the bear market might be over. Most of these charts will be ratio charts which...

April 6, 2016

The gold price advanced sharply during the first three months of 2016 (+16%), marking its best quarter in 30 years. However, it corrected from a high around $1,287 to $1,200 over the past few weeks. There was a nice bounce yesterday, but gold has again dropped today...

The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is...

Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the...

In 2010, Brazil’s Finance Minister, Guido Mantega, coined the phrase “currency war” when he complained about the “cheap” Chinese renminbi (RMB). Mantega claimed this gave China an unfair trade advantage. As he put it to the Financial Times, “we’re in the midst of an...

I can remember only one other time when market factors lined up as favorably for gold as they do now and that was in the spring of 2008. There are a great many similarities to gold market dynamics between now and then, but there are also great differences. One of...

I have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all.

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