first majestic silver

Gold Editorials & Commentary

April 13, 2017

Since 2007, I have been actively involved in the resource sector. This year will mark a full decade, and I've been able to make a small fortune for myself, close friends and family. Between 2008 and 2011, I was invested in the bull market that saw companies go from...

April 12, 2017

The United States is the world’s largest and most diversified economy! It is currently suffering through a protracted period of slow growth which has held down job creation and labor market participation.  The Pew Research Center reported, in late 2015, that a mere...

Geopolitical tensions have lit a fire under gold and silver prices. A confluence of factors has finally pushed gold and silver above key technical resistance levels. Gold hit a 5-month high, rising over $20 (1.5%) to $1,275. It is the highest print for the gold...

Gold prices surged another 2% to a five-month high above $1,270 amidst geopolitical uncertainty and weak US economic data. The break above the 200-day moving average has cleared the way for a run towards $1,300/oz. It means that gold continues to be one of the best...

Crisis averted—for now. Last week President Donald Trump met for the first time with Chinese President Xi Jinping at his luxury Palm Beach estate Mar-a-Lago, where the two leaders discussed North Korea and trade, among other topics.

You want drama. ..and TRUTH?  Well, let’s start with this amazing, must see, three-minute 2009 clip from Ron Paul; or, as I deemed him five years ago, “America’s greatest man.”  Given what I discussed in Friday’s “did America just start World War III”; and yesterday...

Is it last call, for US stock market alcohol?  The current price action of gold, the yen, the Indian rupee, and Chindian stock markets suggests that investors who have moved their focus from American stock markets to gold, silver and Chindian stock markets… are...

April 11, 2017

It is my privilege now to be joined by a man who needs little introduction, Marc Faber, editor and publisher of The Gloom, Boom and Doom Report. Dr. Faber has been a long-time guest on financial shows throughout the world and is a well-known Austrian school...

The LIBOR scandal reemerged yesterday as the BBC’s Panorama uncovered a secret recording implicating the Bank of England in the interest rate manipulation saga. According to the BBC the central bank pressured commercial banks during the 2008 financial crisis to...

If you own gold or plan to buy gold, this information affects you. Other ideal times to buy gold were after the 9-11 disaster, during the stock market crash in October and November 2008, the December 2015 multi-year low in gold prices, and early 2017.

US gold bullion exports to Asia started off with a bang in 2017, as the majority of the total shipped in January went to Hong Kong.  Not only did the U.S. export most of its gold bullion to Hong Kong, it was the highest monthly amount in quite some time.

With the bull market on Wall Street entering its ninth year, questions about how much longer the second longest running bull has yet to run are beginning to swirl, writes Gary Dorsch at Global Money Trends.

April 10, 2017

The best performing precious metal for the week was pretty much a tie between gold, platinum and palladium with roughly a 0.50 percent gain.  Following the launch of a U.S. missile strike on Syria this week, gold rallied to its highest level in nearly five months,...

Friday’s, April 7th 2017, poor jobs report was really nothing new. It released yet another terrible job report showing that only 98K new jobs were created in March of 2017. Wall Street expected 180K new jobs.  It continues to be a very disappointing and dismal fact...

There is no sign that the correction which started on 3/01 is over.  On the contrary, by Friday’s close, the index looked on the verge of continuing the decline from the secondary high of 4/05.  The most objective forecast projects a continuation of the downtrend...

April 9, 2017

The latest Commitment of Traders (COT) report showed another increase in speculative long positions as speculators continued to load up on gold and silver. Investors need to remember that the recent COT report closed on Tuesday, which was before the major event of...

In Britain in the old days there was a saying, which was “buy on a strike” which had nothing to do with economics and everything to do with psychology. When a general strike by workers was declared, stock prices would have fallen up to the point at which the strike...

If I were to choose one word to describe the current market, it would have to be tedious.  The Dow Jones is no longer going up, but as we see in its BEV chart below, it’s really not going down either.

We believe markets are lining up for a major top later in 2017, possibly in the August to October time period. There are several patterns we are watching that lead us to this conclusion. First let’s take a look at our first chart, a Rising Bearish Wedge termination...

April 8, 2017

Stocks just chopped around this past week as they remain in their ranges for now. Glimpses of weakness were followed by glimpses of strength…and then we’d rinse and repeat as the week wore on.

As there seems to be a lot of interest in some of the currencies I would like to show you some charts we’ve been following for a very long time. Most of the charts will be long-term in nature which won’t do us much good in the short-term, but they will keep us in...

First, let me say that a new high by gold in week 16 of this current Intermediate Cycle is an extremely positive development as we now have a setup which should ensure that gold has a Right Translated cycle that makes a higher Intermediate Low than the December 2016...

Gold sector is on major buy signal since early 2016. Major signals can last for months and years and are more suitable for long-term investors.

April 7, 2017

Gold performed really well in the first quarter of 2017. As the chart below shows, the rally started at the end of December 2016. The yellow metal bottomed at $1,125.7 on December 20, just a few days after the FOMC meeting and the second interest rate hike for...

The gold-mining stocks’ usual volatility has proven outsized so far this year, spooking investors.  A fast initial surge in a new upleg was soon fully reversed by a sharp major correction, which spawned much bearish sentiment.  That combined with the great...

Scattered recent analysis has centered upon the Gold Standard and its viability within the global financial system. The topic is certainly very blurred and at times confusing. Consider a recent article by a competent analyst Charles Hugh Smith of the site OfTwoMinds...

Gold and silver prices spiked sharply higher today, as investors piled into the safe haven asset in the wake of U.S. bombing of Syria. Gold and silver bullion rose more than 1% and oil prices rose 1.4% after the bombings.

April 6, 2017

As the debate rages on and on and on concerning the global economic expansion (US)/Recovery (Eurozone)/Ponzi (China/U.K.), I am beginning to feel like a tennis ball in the heated heart of the 1981 McEnroe/Borg Wimbledon final being batted back and forth over the...

This article identifies the headwinds faced by the EU in the wake of Brexit. Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an enormous hole. That is the decline. 

Schroders is one of the leading investment managers in the world. It is a global asset management company, founded in 1804 and based in the UK. The company employs over 4,100 people worldwide across 37 offices in 27 different countries around Europe, America, Asia,...

Gold IRA eBook

It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.

Gold Eagle twitter                Like Gold Eagle on Facebook