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Gold Editorials & Commentary

December 6, 2015

As I am prone to do, I often review recent articles about the metals to gauge the pulse of the market. While I will never rely on another person’s perspective, I always want to have a general understanding, at least anecdotally, of how the rest of the market...

Last week saw the SPX drop more than I thought it would (Dec 3 has been on my radar for a couple of weeks, the 7 week low) on the Drahgi speech that strengthened the Euro vs. the Dollar causing gold to spike. The short euro/$ pair was too heavily tilted in that...

On Wednesday I watched Janet Yellen on CNBC, (as usual with the volume muted) as she discussed “monetary policy.” CNBC provided a running commentary at the bottom of the screen with the two key points for everyone to take away from her prepared comments:

Specific to Gold's 30-point (+2.8%) gain this past week, in the spirit of our oft referring to the otherwise foundationless fluff of fiat monies as "bow-wow currencies", we rightly ask: "Who let the dogs out?"--(Baha Men, 2000). Answer? A couple of entities, really...

Rick Ackerman is the editor of Rick’s Picks, a 24/7 service geared to traders of stocks, options and index futures. He has more than 40 years of trading experience, including 12 in the pits of the Pacific Stock Exchange.

December 5, 2015

Stock markets showed some weakness on Wednesday…and then Thursday saw that weakness confirmed. Consequently, I locked in all my swing trading profits from the last couple of weeks, expecting further downside and about a week for a low to be established.

Was last week the start of something big? You be the judge of what the market is saying. There is a reason and purpose why we always use and refer to the weekly charts and the monthly at the end of each month. These higher time frames are more controlling over the...

The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country in a specific time period. It is also the most common measure of a nation's overall economic activity or the size of economy.

In watching the short squeeze taking place in the gold market this AM, I am noticing that the push higher is creating a WEEKLY UPSIDE REVERSAL PATTERN on the intermediate term chart.

Gold sector is on major sell signal. Cycle is down. A recovery is in progress but condition can be very choppy.Silver is on a long-term sell signal and investors should be in cash or short. Short-term is on buy signal and a recovery is in progress. Traders should...

December 4, 2015

To many investors cycles are the holy grail of the financial market. Many investors have devoted years to the study of them. Some have even claimed to have found the ideal cycles for consistently predicting price movements.

The US Dollar index has made marginal new highs which I believe will turn out to be a false break top. Let's take a top down approach beginning with the monthly chart.

Gold’s latest slide to new secular lows has amplified the hyper-bearish sentiment long plaguing it. More than ever, traders are universally convinced gold is doomed to drift lower indefinitely. But these extreme gold lows are not fundamentally righteous, they...

Before getting to the real point of the title "Policy error or on purpose?", it needs to be pointed out the entire financial system is a "policy error". We live in a world where even the real economy is increasingly run via central planning.

I'm establishing a tracking position — long four contracts from 1048.00 — since subscribers reported buying December Gold on the basis of a longstanding target I’d furnished at 1044.50. The futures traded as low as 1046.20 intraday, probably as close as they’re...

‘Super Mario’, the European Central Bank’s monetary magician, disappointed markets yesterday as continuing and unprecedented monetary easing failed to prevent a sharp sell-off in stock and bond markets which has continued today.

Euro 50 Flips Draghi the Bird, S&P500 Fails at a Key Parameter, Semi’s are Fundamentally Bearish and Gold Has a Sentiment Washout Within its Bear Market

A few weeks ago we warned that the gold miners were at risk of a technical breakdown. They struggled to rebound at support, while Gold was breaking to a new low. Gold continued to decline, but the miners held support and stabilized.

Yesterday, the European Central Bank cut interest rates and extended its asset-purchase program. What does it mean for the gold market?

December 3, 2015

With a bull market in equities, every expert has an investment idea. Real estate investors have their own recommendations; commodity bulls are calling for a market bottom and the best time to invest for the long-term. But if you ask me, the best investment...

With the soon-to-expire December contract just inches from a longstanding target at 1044.50, the February Futures have somewhat farther to fall to reach an important target of their own at 1035.70 (see inset).

Never before in history have all the governments of the world laid down the foundation for the perfect economic storm. And in this just-released presentation from Mike Maloney, you’ll discover why we cannot avoid it. It was recorded LIVE at the 2015 Silver Summit...

Occasionally I receive emails from discouraged investors who are ready to give up on gold and silver. Some invested in 2010…and again in 2011 as prices were peaking, while others bought at much cheaper prices and are now wavering in their once unshakable stance....

Britain is continuing to debate its role and its participation within the European Union in preparation for a major vote on whether to leave the union altogether. There are indications that the referendum – known as Brexit – is likely to be held in 2016.

The technical charts on gold are suggesting the start of a fresh leg lower in price. The loss of chart support near the $1075-$1070 level, and the subsequent inability of the metal to move back above that level, has led to both long liquidation on the part of the...

December 2, 2015

For six years the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the...

Up! Buy the dips! What could possibly go wrong? A hell of a lot, actually, so investors might want to take precautions before, rather after, bad things happen to one's portfolio. We take a stab at where one may find opportunities in 2016.

There is no need to mince words or beat around the bush with this update. The latest COTs for gold released yesterday showed another marked improvement…so that they are now strongly and unequivocally bullish - in fact they are at their most positive since late 2001...

Editors Note: With the New York Times once again trying to convince us that the Gold Standard is a barbarous relic from the past (see below), we are happy to publish an interesting and informative piece by one of our contributors David Bryan.

This week is full of critical economic data and important events. What can we expect in the gold market?

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