first majestic silver

Gold Editorials & Commentary

October 1, 2018

Get ready, gold bulls: The precious metal could be close to finding a bottom. The price of gold fell back below $1,200 an ounce again last week as the U.S. dollar advanced following another federal funds rate hike. The precious metal logged its sixth straight month...

Investors are experiencing huge moves in commodities, currencies, equities and in sovereign debt across the globe. And now the fall has arrived. Expect the volatility currently witnessed in markets to only surge.

The best performing metal this week was silver, up 2.89 percent as traders loaded up on almost 10 million ounces in a span of one minute on Friday. Gold traders and analysts are bullish on the yellow metal for a sixth straight week, as measured by Bloomberg’s weekly...

Sometimes, one just needs to look in the right place. And often in those cases, it just takes a conversation to alert one where to look. We had a call with a Swiss company this week, to discuss gold financing for their business. They reminded us that there is a...

When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of responsibility would bring Rome back into line. But so far the Italians appear to be serious about ending austerity and forcing the...

Last week, my forecast was for a dollar rally, (which we are in the midst of) a drop in the mining indexes into around Oct 4/8 (going down since Tuesday) and a top on Sept 21 on the SPX and down into around Oct 8th.

September 30, 2018

There are two schools of thought right now…and both sides are firmly convinced they are correct. The bullish case: Gold started a new cyclical bull market in late 2015. The bearish case: The bounce out of the 2015 bottom was just a counter trend bear market rally,...

Since early this month, I have mentioned that we were entering the weakest season of the year -- one which is often characterized by a correction, sometimes severe.  Below is a chart of the DJIA seasonality. 

To open on a "yours truly" note, there was Switzerland long before Monaco entered our lives. 'Tis just that the latter's climate, locale and cosmopolitan culture supplanted for us that of the former's stoicity, moreover near-reverent sanctuary of logic and exquisite...

Last week the Dow Jones Index saw new all-time highs on Thursday and Friday, but this week it saw none, closing the week -1.07% from last week’s close.  Is this the pause that refreshes?  It very well could be, and then maybe not.

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week's precious metals news coupled with thoughtful analysis.

September 29, 2018

We did an interview with Rory from The Daily Coin, last week, and we mentioned how crypto currencies could be problematic for gold and silver. Their existence could replace the massive fiat debt and preclude any reason for gold and silver to rally.  You can find the...

Our proprietary cycle indicator is now up. Long-term – on major sell signal. Short-term – on buy signals. Gold sector cycle is up. A potential bottoming pattern is in progress.

September 28, 2018

Here is a question for any and all of you that have ever purchased a lottery ticket or played the slots or bet on a horse: If you had proof that the outcomes were all rigged, would you still play? If someone showed you a video of pit bosses stacking decks or...

The Federal Reserve’s unprecedented quantitative-tightening campaign is finally ramping to its full-steam speed in Q4.  That will destroy $50b per month of quantitative-easing money created out of thin air!  QT will need to maintain this terminal pace for over two...

Sometimes things that are obvious truths can appear before us that we have trouble seeing; along the lines of being too close to the trees to see the forest. It’s not that we can’t see what’s directly in front of us, but rather that we just can’t put what we see...

Sometimes a stock can push you just far enough to make you doubt the validity of your analysis just at the most opportune time. Such has been the case for the US dollar where all the evidence strongly suggests it’s in a bull market. I’m not going to go into a lot of...

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week. We released the Goldnomics Podcast and interviewed the ‘Silver Guru’, David Morgan about how silver and gold have been manipulated lower in the short term,...

September 27, 2018

Powell and Co. hiked again. And the FOMC removed the important phrase about “accommodative” stance. What now for gold? Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 25-26. In line with the...

First, the intro per our anniversary series of posts… To celebrate NFTRH’s 10 year anniversary (Friday, Sept. 28) I’d like to present one segment from this week’s report, NFTRH 518 each day until Friday. These excerpts will give you an idea of what it takes to...

The Fed controls the gold market. The manipulators control the gold market. The “swaps” control the gold market. The hedge funds control the market. Yes, I have heard about how everyone is controlling the gold market.

From the late 1980s into the new millennium the answer appeared to be in the negative, with global central bank reserves declining from around 36,000 tonnes to under 30,000 tonnes.

September 26, 2018

The gold/silver ratio, calculated by simply dividing the gold price by the silver price, may be signaling the end of the bear market in metals is drawing near. That could be good news for gold investors and great news for those who hold silver.

On Wednesday, the FOMC will hike the fed funds rate again and promise three or four additional hikes in 2019. But be aware that this forecast is far from being a done deal.

In the latest sign of the growing divide between Washington and its allies, the European Union’s foreign policy chief announced Monday that the bloc was creating a new payment mechanism to allow countries to transact with Iran while avoiding U.S. sanctions.

September 25, 2018

All the news for gold, both technical and fundamental, continues to get more positive almost every day. This is the fabulous big picture gold chart. The price appears poised to begin a major move to the upside. That should see the world’s mightiest metal test the $...

The best performing metal this week was palladium, up 7.80 percent, scoring an eight-month high of $1,053.40 on Thursday, due to stockpiling by China, writes Kitco News. The World Gold Council reported this week that central banks added a net total of 193.3 tonnes...

After the Salzburg summit, the prospects of the Brexit deal are gloomy as never before. Will gold gain on failed talks between the EU and the UK?

Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit and a tariff-driven trade war starts to damage the country’s economy, according to Bank of America Merrill Lynch.

What happens to gold and silver prices when the Fed “goes all in” during the next financial crisis? Money manager Michael Pento says, “They are going to explode when the stock markets melt down and deficits are rising where is the money going to come from? 

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