first majestic silver

Gold Editorials & Commentary

August 27, 2019

If you’ve paid any kind of attention to recent market headlines, you’ve surely seen the term “recession” among the most prominent topics in your newsfeed. This shouldn’t come as a shock, either––the global growth picture isn’t as rosy as it could be.

August 26, 2019

The crooked precious metals trading department at JPMorgan Chase lost another man last week. Christian Trunz pleaded guilty to criminal “spoofing” of the markets and resigned from his position as an Executive Director with the bank.

Everyone must ask himself the question. Do you want the world to move to an honest money system, or do you just want gold to go up (we italicize discussion of apparent moves in gold, because it’s the dollar that’s moving down—not gold going up—but we sometimes frame...

The best performing metal this week was silver, up 2.03 percent. Gold came in second place, up 1 percent. Inflows into ETFs backed by gold have hit 1,000 metric tons since holdings bottomed in early 2016. Bloomberg data shows that total known ETF holdings rose to 2,...

For the last 8 years, I have been publishing my analysis publicly. Yet, I am still amazed at how the market follows the patterns we track almost perfectly, and how news seems to fit in within those patterns.

This weekend we thought we would share some really important data and charts with all of you precious metals bugs/traders (like us).  You probably remember our October 5th, 2018 call in Gold that has set off an incredible series of events for all of us.

Current Position of the Market



SPX: Long-term trend – Final long-term phase on the way? How much longer, is the question.



Intermediate trend – We have started a correction of intermediate nature.

August 25, 2019

It has been a while since I have posted. I believe after the huge stock market drop on Friday that we have even a bigger move up Monday like +4%. The mining shares GDX could fall -12%.

Now just stay calm out there despite our starting with the following table which is internally-generated at the close of each trading day:

August 2019 is a tough market to comment on. All this week it appeared the stock market was successful in smoothing out the extreme volatility it’s seen in the past month. Then Friday (today) after just one tweet from President Trump on the growing trade tensions...

August 24, 2019

Dale Pinkert interviews Mark O’Byrne about GoldCore, gold’s outlook, bank and electronic risk, bitcoin and cryptos and Swiss storage. “Don’t just count your pips, bullion coins and bars … count your blessings”

Our proprietary cycle indicator is up. Gold sector cycle is up. COT data is alarming, but as long as speculation continues to increase, there is no telling when liquidation will begin. Stay focused on the long-term and stay the course. New money should wait for a...

August 23, 2019

The yield curve has inverted. It suggests that we are about one year before the recession. How should the yellow metal behave in such a period? We invite you to read our today’s article and find out how gold is likely to behave in the pre-recession world.

The mid-tier gold miners’ stocks have soared in recent months on gold’s decisive bull-market breakout. They are this sector’s sweet spot for stock-price upside potential, with room for strong production growth which investors love. That’s an attractive contrast to...

Our August 19th breakdown prediction aligns with our other analysis tools and predictive modeling systems.  The key to understanding price action lies in two modes of operational aspects for analysts.

With gold confirming a new bull market, it's time to step back and look at the big picture. Using technical analysis, I'll provide potential price objectives for the next decade.

August 22, 2019

The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market?

In the unending blowing of the most epic financial market bubbles of all time, Germany may have just announced “peak crazy”. Overnight they issued 30-year bonds that had a NEGATIVE yield. With all of the financial shenanigans going on it is not even a surprise that...

Mr. Steven Ricchiuto, he of a Masters in Economics from Columbia, has laid out the proper plan for the Federal Reserve in this oh so noisy environment in which an unassuming and fairly quiet man is trying to tune out a personal bully on Twitter, tune out the stock...

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion. Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1.

August 21, 2019

It’s often like this prior to market-moving events. Prices keep trading in a narrow consolidation, dropping subtle clues here and there. The context remains though, and coupled with the preceding price action, it allows to us to see the market tipping its hand. So,...

Chris Vermeulen, Founder of The Technical Traders shares his thoughts on why this week is important for the US markets, gold and oil. All of these are near strong support or resistance levels where if a break happens could result in an extended run. We breakdown the...

In Part I of this research, we highlighted the Case-Shiller index of home affordability and how it relates to the US real estate market and consumer economic activity going forward.  We warned that once consumers start to shift away from an optimistic view of the...

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up.” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold.

August 20, 2019

Talk of a synchronized world - all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these news?

Once again, like his reality show, Mr. Trump orchestrated a spectacle choosing the optics of progress to meaningful progress itself.  After the most recent G 20 meeting, Mr. Trump was more interested in a photo op with Kim Jong Un and celebrated a short truce with...

If you've been following our research long enough, you'll remember that we often discuss Fibonacci Price Theory and how we use it to try to identify opportunities and trends in the markets.  The basic premise of Fibonacci Price Theory is that price is always seeking...

Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre.

August 19, 2019

The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some...

Last week’s 800-point drop in the Dow Jones Industrials made it clear that we are in an extended, ongoing correction. Despite a strong rally at the end of the week which is most likely a counter-trend rally, we should not see the end of the corrective process until...

Gold IRA eBook

U.S. ranks third in world gold production with 240 tons per year

Gold Eagle twitter                Like Gold Eagle on Facebook