first majestic silver

Gold Editorials & Commentary

May 14, 2018

Friday was the day when silver and mining stocks were likely to reverse based on their triangle-apex-based turning points and today is the day of gold’s apex-based reversal. Therefore, it seems likely that gold, silver and mining stocks are forming the final top for...

It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis...

Since 1981, interest rates have been in a falling trend. Last week, we said this trend will continue, and the present blip up in rates is just a correction. We did not argue technical analysis, nor quantity of dollars, nor the general price level.

Firebrand populists of Left and Right are poised to take power in Italy, forming the first “anti-system” government in a major West European state since the Second World War.

Throughout this year, many analysts have focused on the price of Gold, platinum and silver markets for insight to the fear levels that exist in the global markets.  Demand for gold and silver have been near historically high levels for the past 12+ months and the...

Last weekend, I wrote an article entitled "The Market Is Going To Crash." The response to that article garnered over 55,000 hits on Seeking Alpha, which is about 4-5 times the reads that I normally get on a stock market update.

May 13, 2018

The rally which started on 5/03 appears to be coming to an end. This should be confirmed by next week. If so, the bears are ready to make their final statement with a decline into the low of the 40-week cycle. This would complete the triangle pattern and end the...

Last week was ‘A waiting game’ – now ‘Sell in May and go away’ - the annual ritual of the markets going quiet as summer begins to set in is in control again, with two weeks still to go before June brings the early heat of summer to most US markets.. Markets holding...

Oh my, oh May, oh me. "What's happenin', baby?" With respect to Gold? "Nuthin'!" To be sure, there've been some good earnings pops amongst the miners, but specific to the price of the yellow metal itself, the month of May thus far has been one big nuthin'. That said...

The week closed with the Dow Jones Index down 6.71% from its last all-time high in the BEV chart below. How hard would it be for it to make a new all-time high from here? Not very hard one would think, but I don’t have a horse running in this race so I’m not...

May 12, 2018

It’s the happy-go-lucky 3 Amigos (in play since we began this goofy metaphor last fall), which would signal macro changes to come. When you are talking about the macro however, things move slowly and to date, only one of our riders has made it to his destination.

Our proprietary cycle indicator is up. 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.

May 11, 2018

The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive...

Here are today's videos and charts.

The demand for gold is increasing, yet new discoveries of the precious metal have not kept pace with the demand. Funds for exploration are historically high, $54.3 billion, up 60 percent over the past 18 years.

A sideways correction lasting a year and a half certainly does a lot to sour investors on a market.  And, even though we have not dropped below 20 in GDX this entire time and the GLD has been consolidating just under its breakout region for months, the bearishness...

May 10, 2018

This first chart is a daily line chart for GLD which shows it has completed 5 reversal points so far and is working on the all-important 6th reversal point back up to the top rail. This is where the bulls need to step up to the plate.

For most Americans the geopolitical/financial crises of the 1970s happened so long ago that they’re about as relevant as the Revolutionary War or the Reformation. But for seasoned citizens who were around back then and paying attention, the similarities to today are...

Is gold headed below $1000?  I doubt it. Like every other bullion investor who has tired of watching gold’s price meander sideways for nearly six years, I’ve grown increasingly disappointed and frustrated.

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.

May 9, 2018

The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April’s 89.23 low could turn out to be a very important one. Notice as well that the dollar’s romp has exceeded numerous prior peaks, including no fewer than one ‘...

Gold was up half a percent year-to-date through last Friday. This doesn’t sound very exciting, but over the same period, the S&P 500 Index was in the red—the first time in nearly a decade that stocks have been negative for the year through the beginning of May....

Normally, I don’t step out and make such bold statements as gold mining supply IS collapsing, however, in this case it seems appropriate. We have reported on several occasions just in the past week, here, here and here how some of the largest mining companies in the...

Last week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail.

Gold now has limited downside (20%) but substantial upside (650%). Gains on gold are likely to come at a time when stocks are crashing. Investors and savers without an allocation to gold will be wiped out. Time to consider saving in physical gold? 

May 8, 2018

How do you know when to underweight or overweight gold or silver? Mike Matousek, head trader at U.S. Global Investors, explains how he looks at the gold and silver price ratio to determine the opportune time to adjust weightings. Mike also explains silver’s seasonal...

The Gold Report: Frank, thank you for joining us today. Let's talk about the commodity super-cycle. Would you explain what the super-cycle is? Frank Holmes: There's lots of research on the super-cycle; new research came out around five years ago that found evidence...

This is the important weekly gold chart. The rectangle pattern on the daily chart is part of a huge weekly chart base pattern.  That has been forming for about five years. Note the enormous increase in trading volume over the past two years.  This is extremely...

As the markets and financial system continue to be propped up by an ever-increasing amount of debt and leverage, precious metals investors need to understand the two most important reasons to invest in gold and silver.  While one of the reasons to own precious...

About a year ago, Argentina – which has inflated away and/or defaulted on its currency every few decades for the past century – issued 100-year government bonds. And the issue was oversubscribed, with yield-crazed developed-world institutions throwing money at the...

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In the Aztec language the name for gold is teocuitlatl which means "excrement of the gods."

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