first majestic silver

Gold Editorials & Commentary

April 15, 2019

Last week the world got its first look ever at a black hole, one of those cosmic bodies so supermassive and powerful that not even light can escape its pull. These things literally destroy all matter that comes within their reach, making them the trash compactors of...

It was a big surprise. The dovish surprise. In March, Powell doubled down on its accommodative stance. Does he know something we are not aware of?  We invite you to read our today’s article about the recent Fed’s U-turn and find out whether it will support the gold...

Last week, we wrote that regulations, taxes, environmental compliance, and fear of lawsuits forces companies to put useless ingredients into their products. We said: “For example, milk comes from the ingredients of: land, cows, ranch labor, dairy labor, dairy...

Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second thoughts about one stock on...

April 14, 2019

The last time the SPX showed negative divergence in its daily indicators was when it reached 2860. That warning resulted in a 75-point correction which lasted about a week. On Friday, SPX made a new high at 2910 and closed at 2907.

Greetings from glorious Squaw Valley, the snow depth in which is a great lesson for Gold to follow. Since our first strapping on the slats back here in '68 -- and in chatting with the ski patrol (who best know) during this present stint -- the snow level ski year-to...

April 13, 2019

Gold and silver are historically undervalued relative to the stock and bond markets. The junior mining stocks overall are at their most undervalued relative to the price of gold since 2001. Gold’s relative performance during the quarter, when the stock market had...

Our proprietary cycle indicator is up. Gold sector is on a new major buy signal. GLD is on short-term sell signal. GDX is on short-term sell signal. XGD.to is on short-term sell signal. GDXJ is on short-term sell signal.

April 12, 2019

It is my privilege now to welcome in Frank Holmes, CEO and chief investment officer at US Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager by the Mining Journal. He is also the co-author of...

Here are today's videos and charts:

Gold declined and silver plunged. Gold to silver ratio temporarily spiked to 88. And you know that it’s not shocking or surprising – it’s all unwinding just like it was likely to. Applying the techniques that successfully detected the recent corrective upswing and...

Gold has faded from interest in the past couple months, overshadowed by the monster stock-market rally.  But gold has been consolidating high, quietly basing before its next challenge to major $1350 bull-market resistance.  A decisive breakout above will really...

Gold got whacked Thursday as it so often does — i.e., at the apex of a rally that may have encouraged a bullish thought or two in the minds of some investors.

Few people know the risks in today’s economy and marketplace as much as David Rosenberg, chief economist and strategist at Canadian wealth management firm Gluskin Sheff & Associates. For years he’s educated investors with his popular “Breakfast with Dave”...

April 11, 2019

This week my second son Joey turns 30 and my granddaughter Addie turns 3- just a day apart. The reason I bring this up is that we took a few days and visited Disney World in Florida.

As gold and silver markets continue in choppy trading this spring, bulls are hoping a dovish Fed will sink the dollar and lift the metals.

Life in the world of gold bullion is full of mysteries. Each mystery is like a straw in the wind, which individually means little, but tempting us to speculate there’s a greater meaning behind it all. Yes, there is a far greater game in play, taking Kipling’s...

Super Wednesday is behind us! The masters of monetary policy have revealed their cards. The Fed released the fresh minutes, the ECB held its monetary policy meeting, while the Brexit was postponed again. How will all these play out in the gold market?

Very simply, if it’s an H&S it’s a minor one with a target to the SMA 200 or short-term lateral support. Gold has curled back up to test the underside of its SMA 50. A takeout of 1310 and then the March high could put yeller back in business. Otherwise, don’t...

Stocks retraced some of their Tuesday’s decline yesterday, as they continued to fluctuate following the recent rally. The S&P 500 index traded slightly below the 2,900 mark. Will the uptrend continue despite some technical overbought conditions?

April 10, 2019

Gold Is Often Criticized By Wall Street As Being Kind Of A Useless Investment. Institutional investors tend to prefer investments that are thought to contain the potential for growth, growth = sprouts. An investment has to produce a growing revenue stream - if it...

There are more than a handful of things I can cite as leading indicators for the Gold price. Ratios such as Gold against the stock market and Gold against foreign currencies are generally good leading indicators. The gold stocks and Silver can function as leading...

One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various...

As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn’t hurt that in the eyes of the Democrats and America’s...

Fundamentals are the supply and demand characteristics of a market that can drive prices higher or lower. I tend to base decisions on the medium to long-term path of least resistance for prices from a raw material’s fundamentals.

After a wild and volatile final quarter in 2018 volatility instruments across the board have seen their levels continue to decline into the end of the first quarter in 2019.

April 9, 2019

During the course of the past few weeks, we have heard much about the inverted yield curve in three-month and ten-year Treasuries as a harbinger of recessions. Missed in the press reports is the fact that it has also been a harbinger of higher gold prices. In the...

Chinese economic growth is probably the main driver of both physical gold demand and the global bull market in stocks. I’m invested in China through ETFs, bank stocks, and… gold! With the possible exception of HSBC, most analysts in the West appear to be...

Gold held steady this week, down just 0.02 percent, as investors await the outcome of the latest round of trade talks between the U.S. and China and as negative economic data was released. The World Trade Organization cut its global trade growth projection for 2019...

US labor market strengthened again and the yield curve inversion looks to be over. Has the sky cleared? Hold on, Brexit is just around the corner. Given the circumstances, are gold prices more likely to rise or fall?

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Due primarily to the California Gold Rush, San Francisco’s population exploded from 1,000 to 100,000 in only two years.

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