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Gold Editorials & Commentary

July 22, 2015

The once great U.S. Empire is now in big trouble. Cracks are beginning to appear in the once great American Dream as the country’s economic and financial systems are on the verge of an epic collapse. Unfortunately, its citizens will be the last to know as they...

The gold price bear market has continued in 2015 since its mid-January 2015 peak of $1307 that had fooled many gold bugs into assuming that the preceding multi-year bear market was finally over -- and that 2015 would see a strong price rally to possibly even new all...

Will the author of ‘Hot Commodities’ and the man who spotted the boom in the sector before anybody else, Jim Rogers now start buying gold? He said earlier this year that he would when the bull market showed a 50 per cent retracement. That is to say the gold price...

In his July 17th Blog, Let's Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the "Pet Rock" craze of the 1970's, when consumers became convinced that a rock in a box would provide continuous...

The gold market will be buffeted by positives and negatives in this year's second half, but in July it's too soon to know whether the bulls or bears will prevail.

I’ve been collecting headlines in recent weeks. They’ve become plot points in a dot-to-dot drawing of the American economic landscape. And the picture that’s forming is one of inflation.

Over the course of the years, we have repeatedly stated (though probably not as much as many would like us to do) that companies use share buybacks to manipulate earnings. In the past, this gambit was not as prevalent as it is today.

With all the focus on the Chinese lowballing their total institutional gold holdings, combined CIC, SAFE and PBOC, this week and the continuing attacks and manipulation of the gold market on Sunday night, the latest large increase in Russia’s gold reserves has gone...

The US congress bailed-out the banking sector, General Motors, and others with $700 Billion from TARP. The Federal Reserve added approximately $4 Trillion to their balance sheet with Quantitative Easing and other programs in their effort to bail-out the banking...

Monday was a bad day for the bulls in the gold and silver market. Gold saw a day of extreme volatility, a daily move of 3% or more from previous day’s close (-3.35%), its 55th -3% Day since December 2000. Silver was only down 1.02%, so it was far from making a 5%...

July 21, 2015

What is required to restore investor interest in gold? In our opinion, a prolonged bout of financial-market adversity would suffice. After all, the cornerstone of coordinated central-bank policy since 2008 has been the levitation of financial assets via Zero...

Gold reached a low of 1093.50, early in the overnight session and is now back above 1100, at the time that this Post is being written. All elements are now in place for a completed second wave (c) of 4 diagonal triangle, and now we are waiting for our first...

As a group, gold stocks are trading like the entire sector is going “off the board”. Is that going to happen?

The first 10 years of the bull market in gold was in hindsight plain sailing allowing us to generate profits by sticking with the trend. Alas, all bull markets come to an end and so it did in 2011 when gold peaked at $1900/oz. Silver, despite having numerous...

- Gold market comes under “unprecedented attack” – Telegraph. – “Sharp drop bore similarities to bear raids by Chinese funds” – FT. - Paper contracts for 57 tonnes of gold dumped onto market in two minutes. - Gold still holding up in euros, Canadian dollar and other...

Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of the most reasonable — which has made his interviews of the past few years a little disconcerting. Along with the obligatory positive thoughts on the long-...

We can’t count how many articles we saw today, bemoaning gold going down. The price action is bad for gold (whatever that means). China underreported their gold holdings. No, China doesn’t care about gold. No, they want the price to go down so they can buy it cheap...

July 20, 2015

Abraham Lincoln once said: “You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.” What honest Abe was saying is that one can hide the truth from the public for only so long. Ultimately,...

I often get e-mails from beaten and battered gold and silver bulls wondering if the prices will ever go back up. I understand their frustration and decided to write a second editorial answering this question once again.

Back in May, I sent followers of this public blog a Gold Cycle Update, outlining how gold had a 75% chance of failing to rally, resulting in an unexpected downturn. And then 3 weeks later, I sent a follow up article (Approach An Endpoint), where I outlined how gold...

Gold made a new five year low last Friday. It is hanging on the last inch of its support zone between US$1,130 and US$1,140. While my model has correctly been bearish since mid of June I personally thought that the positive seasonality, the extreme negative...

For what seems like forever, we have been mechanical in managing the precious metals because they have been bearish; period. This has been based on short and long-term technical indications and incomplete macro fundamentals. Gary the robot has had no difficulty...

Rarely does childish selling of the Street and massive forced selling in China give Gold investors an opportunity to potentially double their money. That is what it may be happening at this very time in Gold and Silver markets.

U.S. Mint gold coin sales achieved a second straight monthly gain, reaching 82,000 in sales month to date versus 76,000 for all of June. The U.S. Mint announced 2015 American Eagle Silver coins are sold out and is planning to resume sales in two weeks. Oddly, the...

There are many opinions about what factors drive the price of gold. Among the candidates you will find: inflation rates, U.S. dollar exchange rate, real interest rate, geopolitics, oil prices, market volatility and crises, mine production, jewelry demand,...

Last week I was looking for a short term low Monday and a rally into Wednesday, then down into week’s end. The short term low occurred on Sunday in the futures market then sky rocketed all the way into Friday, July 17. In the past, whenever I’ve seen the 8 TD top...

The prices of the monetary metals cascaded downward this week, and the ratio of the gold price to the silver price rose accordingly. Many analysts and speculators are puzzled. With everything going on in the world, gold should go up. After all, China released its...

- China revises up stated gold reserves in bid for IMF membership, reserve currency status. - China announces a 604 tonne increase in gold reserves. - First public disclosure re reserves in since 2009. - China officially owns 1,660 tonnes of gold reserves - true...

The precious metals are in a secular bull market which will likely last 15 to 20 years, perhaps longer. Given its start in the 1999-2001 timeframe, that means the current bull should run until 2014 to 2021.

We are believed to be on the verge of another deflationary down-wave, similar to or more severe than the one which drove the dollar spike – and commodity slump – between July of last year and March, and caused by an intensification of the debt crisis, with...

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