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Gold Editorials & Commentary

August 3, 2015

The stock market likely put in a failing 'b' wave top Friday at SPX 2114. The chart below shows potential down as low as SPX 1920 for the coming decline into the expected August 11, 2015 low. The actual 40 week low is due on August 7, so I don't know if August 7...

You cannot understand gold if you think it goes up and down, that the dollar is money and therefore the measure of all things, including gold. This is a very bold statement, so let’s look a little closer.

August 2, 2015

Let me remind everyone that intermediate cycle lows (ICL), and especially yearly cycle lows in the metals, are always hard to hold onto. Even if you catch the exact bottom, they usually resist for a week or more and try to shake everyone off.

In this update on the broad market S&P500 index, we are going to look at no less than five charts, covering different timeframes. The reason for this is that there are different points to make on each of these charts.

My last newsletter was entitled “BULLS BEWARE”! In the above analysis, I have attempted to show that in spite of last week’s rally, nothing has really changed and time is running out for the bulls to show that they have the wherewithal to take the SPX to a new high...

Gold speculator and large futures traders decreased their gold bullish positions last week for a fifth consecutive week as speculator bullish bets remain at the lowest level since July 2013, according to the latest Commitment of Traders (COT) data released by the...

At this point, there's really no reason to discuss the "how" and the mechanics of the deliberate, manipulative Globex smash of Sunday, July 19. However, it might be worth considering the aftermath as we look for reasons "why".

The leveraged gold futures derivatives market is knocking down the precious metal, yet in massive contrast, this drop has ignited a shopping frenzy according to gold coin dealers. I spoke with several friends and industry experts this week who confirmed the record...

Markets found lows last week…and are moving back to the top of their ranges for now. However, the big question remains: Can they breakout with heavy volume? I still think we won’t see a major breakout until the Fall…but I’ve been wrong before. As for the metals,...

Tyler Durden from Zero Hedge posted on July 28th how the collapsing Chinese stock market has devastated Chinese retail investors. My heart goes out to those people. And these are people just like you and I who were trying to better their lives by investing in the...

Good gracious how perceptions have changed as churned by the tide of our culture's continuing devolution. The following is straight from the "Just When You Thought You'd Heard It All Dept."

In my opinion, the surest method for ascertaining what the sentiment is towards overall global economic growth prospects is the commodity sector performance. When sentiment is upbeat towards global growth, commodities tend to be in a strong uptrend on the charts....

After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to buy pretty much every bond on the market with newly-created yen. The BoJ's balance sheet -- a rough proxy for the amount of money it has created and...

August 1, 2015

We are living in an extremely uncertain world – perhaps the most uncertain in most of our lifetimes. In this rapidly changing and uncertain world – there are many new and emerging risks and we believe it is vital to stay informed. These include cyber and currency...

Not in 2013, not in 2014, and so far, nothing positive for the price of gold and silver has developed in what looks like for the balance of 2015. Most of the highly regarded gold and silver sites and bloggers have been expecting an upside breakout, some even...

Gold sector is on major sell signal. Cycle is down. Traders should be in cash or short. COT data is now favorable for a tradable bottom soon.Silver is on a long term sell signal and investors should be in cash or short. COT data reveals that a tradable bottom is...

July 31, 2015

If you are a precious metals investor, you need to see this chart. Matter-a-fact, this is the first time (to my knowledge) in the history of precious metals analysis that the information in this chart has been made public. One look at this chart and the investor...

What could revive gold and oil prices from their current cyclical lows? It was quantitative easing that pushed prices up after the last global financial crisis. Is it about to happen all over again? Central banks in the Western world have set the scene for an ‘even...

Let's look at two different topics where we are seeing contradictory "evidence".  First up is what's happening in the gold and silver markets.  Never before have I seen sentiment as poor as it is today.  Nor have I seen so many negative articles about gold in the...

As always in June, Incrementum AG (an independent asset management & wealth management company based in the Principality of Liechtenstein) published its annual “In Gold We Trust” report, the extended version of which can be downloaded here. We know that it was...

Gold has certainly had a rough summer, facing withering selling pressure from record futures shorting. The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing this metal. But considering the howling headwinds...

US & China Stocks, Gold & Silver Volume, GDX and Junior Gold Stocks analysis via videos.

- Perth Mint sees surge in demand and cannot keep up with demand. - “Our biggest restriction is the amount of unrefined gold we’re getting in from producers” - Very high demand for Perth Mint coins, bars coming from Asia, U.S. and Europe. - U.S. Mint sees highest...

I've been bearish on gold for so long that my successively lower targets have become almost perfunctory. Lately, I’ve focused on a ‘Hidden Pivot’ target at $817, the attainment of which would presumably wash out the last of the die-hard bulls, clearing the way for a...

July 30, 2015

While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro.

The bearish target at 1059.70 (see chart) seems clear and compelling to me — so much so as to beg the question of why the futures have been thrashing around for the last two weeks just above it.

More and more insiders are warning of a potential systemic event. The first sign of real trouble concerned a number of investment legends choosing to close shop and return investors’ capital.

It’s 5:00 AM PST, and to say I’m tired is the understatement of the century. I’m in Vancouver for Eric Sprott’s annual investment conference, where the Miles Franklin crew is spending time with some of the continent’s smartest people.

Anyone with a nose for markets will tell you that the Chinese government's attempt to rescue the country's stock markets from collapse is far from succeeding. Bubbles collapse, period; and government interventions don't stop them. Furthermore, we are beginning to...

- “Physical gold is a non-digital asset. You can’t attack it with cyberwarfare” – Rickards. - Greek crisis was necessary step towards fiscal unity in Europe. - “Euro creators want to force common fiscal control – Eurobonds” - Currency wars between U.S. and China may...

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