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Gold Editorials & Commentary

January 14, 2016

The implications of this 60-year quarterly chart for the CRB index is staggering if it completes this impulse move down, which so far has been working out beautifully. Again on this massive time scale you can see an unbalanced Head&Shoulder top that measures out...

UBS has warned that the seven-year cycle in equities is rolling over, we could see a sharp 30% correction in stocks…and that as per the headline of their ‘Technical Outlook 2016′, it is time to “buy gold”.

Similarly to what we did yesterday, the WGC pointed out that the gold was down in 2015 in the U.S. dollars, but not in all currencies. It also wrote: “more than 90% of physical demand coming from outside the US, primarily from emerging economies.

January 13, 2016

Wednesday Jan 13th was a wild session for US equities and many great trading opportunities are about to take place in various indexes, sectors and commodities. Let me share with you two intraday updates I sent to subscribers during the trading session so you can get...

As the presidential primaries quickly approach, the establishment is in panic mode over the prospect of losing control. It’s not just about Donald Trump. The political class, the “mainstream” media, Wall Street, and the central banking cartel are all losing...

Another reason I believe a new bull market in gold is upon us towards the end of 2016 is due to interest rate and stock market price correlation movements that one can see on the chart below.

As stock markets all over the globe start the week with more cliff diving, following their worst opening week in history, I’d like to take this opportunity to jam my finger in the central bank’s eye. The Federal Reserve’s recovery plan — which I’ll call “Goliath”...

Each time I hear someone suggest investors should ‘stay the course’ as markets tank, I fear such well-intentioned advice fails to adequately capture the predicament investors are in. Worse, the ‘stay the course’ mantra may set many investors up for failure.

Traders seem obsessed lately with the ups, and mostly downs, of crude oil — so much so that every dip, feint and jiggle in energy futures is being replicated almost tick-for-tick by the S&Ps. A recent op-ed piece by Don Luskin in the Wall Street Journal asserted...

Recently I published a mid-week metals update for members that said that “I have no reason to go short this market yet,” and that “I intend to ride this rally up.” The next day saw gold and miners rally quite strongly. And, as usual, we are hearing from most market...

The US dollar price of gold declined in 2015, but the same year gold advanced in many other currencies. What can we learn from this behavior? The London spot price of the shiny metal, in US dollars, declined 9.56 percent from $1172 to $1060 last year, marking its...

January 12, 2016

The movie “The Big Short” features Michael Burry. His statement from Zerohedge: “It seems the world is headed toward negative real interest rates on a global scale. This is toxic. Interest rates are used to price risk, and so in the current environment, the risk...

At the end of the year, I always urge investors to stand aside from the US stock market. That’s because major money managers tend to move large amounts of liquidity during the first week of January, setting the tone for the year.

The December Nonfarm Payrolls Report was considered as a sign of the US economy’s strength. In reality, the US economy is slowing down. What does it mean for the gold market?

On December 16th 2008, in what Ben Bernanke averred took a tremendous amount of “moral courage”, the Federal Reserve officially arrived at its Zero Interest Rate Policy. ZIRP was a huge win for borrowers because it drove down the carrying cost of debt to historic...

Some very worrisome charts for investors to consider. Stocks just took out their neckline.

Markets go up and they come down. The oil price is falling NOW. When the uneconomic wells have been closed down we will be facing shortages and resulting RISING energy prices. The time to act is BEFORE the crisis hits, not after it hits.

January 11, 2016

The most important question investors should be asking at this point isn’t whether the secular bull market which began in 2009 is over, but whether continued equity market weakness in 2016 will lead to the unthinkable, namely an economic recession. A recession in...

Who says gold lost its appeal as a safe haven asset? After five straight positive trading sessions last week, the yellow metal climbed above $1,100, its highest level in nine weeks, on a weaker U.S. dollar. The rally proves that gold still retains its status as a...

An acute shortage of readily marketable physical gold is developing that we believe will deepen in years to come. This possibility seems to be unrecognized by those who are short the gold market through paper contracts.

One of the most reliable truisms of stock markets worldwide is that History Is Prologue…and that Market Cycles are immutable…where only time and magnitude change. During the past 20 years Wall Street has enjoyed three Bull Markets…and the first two were followed by...

Maybe 2016 will be the year when equity bears finally get to celebrate. Although I wouldn’t call an end to the “buy the dip” era quite yet, the current market has a different type of feel and vibe to it. Many people believe – and there is supporting historical...

We were just treated to a fake official rate hike, and it was cleverly executed. The recent supposed USFed rate hike was a gigantic fraud, a misdirection, a clever ploy, and an act of extreme desperation. We were told of an official 25 basis point interest rate hike...

The US economy added 292,000 jobs in December. What does it imply for the Fed policy and the gold market?

DO NOT GET MARRIED TO GOLD. It is insurance. Remember that, stay objective and be sober-minded. Leave the wild-eyed gold cult to glory in its own rantings.

Let us look forward to the green shoots of 2016 and try to forget about those embers of 2015, leaving them to lose their glow and become history. Green shoots? Yes, it is a well known and no longer trusted description of the economy, but this time the focus is on...

Last week saw an unexpected move up in gold. It ended the week outside our forecast range for the first time in a while. We have had a good run recently maintaining our bearish stance and following this long-term bear market continuation. But before the bulls get...

January 10, 2016

Those who have been reading my work for any length of time know I have been adamant we would someday face a "global margin call." I believe this call was issued last week! No matter how you look at the world, whether financially, geopolitically, macro, micro or...

Many were talking about the market crashing last week and the mainstream financial press were waxing hysterical, but as we will now see the crash hasn't even started yet. If the press got like that last week, imagine what they will be like when it really does crash...

If we define the beginning of a bear market by the breaking of the long-term trend line which goes back to the start of the bull market, some indices have already done this and others are close. However, the penetration of that trend line is still be minimal and at...

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