first majestic silver

Gold Editorials & Commentary

September 19, 2018

I shall pass along my thoughts on the tenth anniversary of the 2008 bank bailouts, currency chaos and the un-precious metals in no particular order and with no specific agenda. More important, I want to pay tribute to a writer whose work I truly love, Rolling Stone...

We have some good news and some bad news for both: precious metals bulls and bears. Based on new developments it’s even more likely that we are just before the huge price decline in gold, silver and mining stocks. However, at the same time it also appears likely...

The question on the minds of many investors, is which of the precious metals will be better investments during the next market crash?  I should know because I receive this question in my email box quite often.  So, I decided to test the price action of several...

Donald Trump will go down in history for many things, including a justice department investigation into US-Russian collusion in the 2016 election, a guilty verdict for his former campaign chair, Paul Manafort, and a guilty plea by his personal lawyer, Michael Cohen...

"Just run the presses – print money.” That’s what President Donald Trump supposedly instructed his former chief economic adviser Gary Cohn to do in response to the budget deficit. The quote appears in Bob Woodward’s controversial book Fear: Trump in the White House...

September 18, 2018

With the news now behind us regarding U.S. tariffs and Chinese retaliation, the prices of many commodities were soaring on Tuesday. Many, but not all—with the exception being COMEX gold and COMEX silver. Why?

Ahead of the Fed’s key meeting next week, gold continues to meander sideways to lower. This is the key short-term gold chart. I’ve referred to the US-China tariffs as a “trade skirmish”.  Importantly, since the skirmish started, the price action of the yuan against...

Last week was full of interesting economic data. We analyze them to show that gold bulls have to be patient. The data suggest that the US economy remains healthy. So far.

This will not be a long piece. It is not a memorial to Lehman Brothers nor is it an honorarium to the system that created Lehman, then crushed it along with a wide swath of American wealth and capital as well.

September 17, 2018

Florence, now a tropical depression, made landfall in North Carolina on Friday, bringing with it destruction and calamity, the cost of which could top $170 billion, according to analytics firm CoreLogic. If so, that would make it the costliest storm ever to hit the...

Although it didn’t appear to be a breakdown, silver just closed the day (and week) at a new yearly low. Remember the day when silver moved briefly below $14? Ultimately, silver futures closed at $14.15 on that day, and they just closed at $14.14 on Friday.

December Gold has trapped bulls with fake rallies two days in a row. It dove even more steeply on Friday, the second day, falling from a 1213.80 peak recorded in the dead of night to an end-of-session low at 1197.80. This kind of price action is bound to discourage...

The best performing metal this week was platinum, up 1.40 percent as hedge funds cut their bearish outlook in the futures market. Gold traders and analysts were bullish for a fourth week in a row, as measured by a Bloomberg survey.

For about ten bucks a month, Netflix will give you all the movies you can watch, plus tons of TV show series and other programs, such as one-off science documentaries. They don’t offer all movies, merely more than you can watch. Oh, and there are no commercials.

The long-awaited dose of reality from the massive and unprecedented financialization of the global economy has finally begun. Of course, those of us who understood from the start how healthy economies and markets naturally function, knew that a viable recovery from...

– The U.S. government is “missing” $21 trillion between the Department of Defence (DOD) and Department of Housing and Urban Development (HUD). – Investment advisor and former Assistant Secretary of Housing, Catherine Austin Fitts, predicts the global financial...

Much has been written regarding repeating socio/political economic (SPE) cycles.  Strauss and Howe wrote about the 20-22 year generational turns, which work in a 4 generation cycle called a Saeculum. Each Saeculum lasts about 80-88 years and includes a repeating...

After reaching a new all-time high of 2916 on 8/29, SPX started to correct until it came to a good support level which was further buttressed by an important short-term trend line (from 2700).  The decline merely skimmed the surface of support before reversing -- a...

September 16, 2018

Large precious metals speculators decreased their bearish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

To state that Gold closed down for the week -- indeed down for the 12th time in the past 14 weeks -- but that price's trend flipped up from Short to Long -- is justification to ring up the LTS (Looney Tune Squad) for the author to be carted away... "...ah roger that...

September 15, 2018

While we wait for news on the 25% tariffs on $200bln or 40% of Chinese exports to the U.S.—and with the threat of the same on the remaining ~$300bln to follow—I want to outline the endgame for the dollar…and the likely beginning of the explosive rally for gold.

A preface is required to explain that the US Federal Reserve is responsible for every grand financial crisis in the last 30 years, dating back to the Great Depression and its supposed spurious resolution to Black Monday of 1987.

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in...

Our proprietary cycle indicator is down…but appears to be bottoming. Gold sector is now on a major sell signal. Major signals can last for months and years and are more suitable for long-term investors.

September 14, 2018

Amid the politics and symbolism, Mr. Trump has weaponized the US dollar causing it to soar but risks a borrowing shock for half of the world. Once tweeting the dollar is too strong, he now revels in its strength using it as a bully stick to remake the world order....

The gold miners’ stocks suffered a rare capitulation selloff over the past month or so.  Selling cascaded to extremes as stop losses were sequentially triggered, battering this contrarian sector to exceedingly-low levels.  While very challenging psychologically,...

Here are today's videos and charts:

It is now possible to pencil in how the next credit crisis is likely to develop. At its centre is an overvalued dollar over-owned by foreigners, puffed up on speculative flows driven by interest rate differentials.  These must be urgently corrected by the European...

Are we going to fall into the trap of a self-fulfilling prophecy? Could investors trigger recession only because they are so worried about inversion of the yield curve? We invite you to read our today’s article about the yield curve and find out whether the...

Here is our Friday digest of the important news, market updates, charts and videos we were informed by this week. We felt it important to do a video update which considers the risks that Brexit poses to the London property market. This is a very real risk that has...

Gold IRA eBook

The California Gold Rush began on January 24, 1848 when gold was found by James W. Marshall at Sutter's Mill in Coloma.

Gold Eagle twitter                Like Gold Eagle on Facebook