first majestic silver

Clive Maund

Technical Analyst & Author

Clive Maund

Clive P. Maund’s interest in markets started when, as an aimless youth searching for direction in his mid-20’s, he inherited some money. Unfortunately it was not enough to live a utopian lifestyle as a playboy or retire very young. Therefore on the advice of his brother, he bought a load of British Petroleum stock, which promptly went up 20% in the space of a few weeks. Clive sold them at the top…which really fired his imagination. The prospect of being able to buy securities and sell them later at a higher price, and make money for doing little or no work was most attractive – and so the quest began, especially as he had been further stoked up by watching from the sidelines with a mixture of fascination and envy as fortunes were made in the roaring gold and silver bull market of the late 70’s.

Clive furthered his education in Technical Analysis or charting by ordering various good books from the US and by applying what he learned at work on an everyday basis. He also obtained the UK Society of Technical Analysts’ Diploma.

The years following 2005 saw the boom phase of the Gold and Silver bull market, until they peaked in late 2011. While there is ongoing debate about whether that was the final high, it is not believed to be because of the continuing global debasement of fiat currency. The bear market since 2011 is viewed as being very similar to the 2-year reaction in the mid-70’s, which was preceded by a powerful advance and was followed by a gigantic parabolic price ramp. Moreover, Precious Metals should come back into their own when the various asset bubbles elsewhere burst, which looks set to happen anytime soon.

Visit Clive at his website: CliveMaund.com

Clive Maund Articles

Last week saw a severe breakdown in the Precious Metals sector that is now viewed as marking the start of a bearmarket, and that means the onset of a deflationary episode that is likely to prove more serious than that we witnessed in 2008...
It is now evident that the gold price has been trapped in a narrowing trading range since its early September pre-plunge peak - a Symmetrical Triangle. This type of Triangle, which indicates a state of collective indecision, can lead to a...
Gold has behaved as predicted in the last update, which was two weeks ago. It advanced a little further into nearby resistance, before reacting back quite sharply on Thursday. However, whereas in the last update we were looking to buy on...
Gold did exactly as predicted in the update last weekend - it dropped back briefly to touch the bottom of our short-term reaction target range at $1680 before rebounding, as we can see on the 4-month chart below, and we were buyers around...
No politician wants to end up with his head adorning the railings of some public building, and thus - possibly spurred into action by the video of the grisly end of Colonel Gaddafi - European leaders started to display qualities normally...
Technically the picture for gold now looks strongly bullish. Action played out last week exactly as predicted in the last update with gold breaking down from its Pennant pattern AND ABORTING THE BEARISH IMPLICATIONS OF THE PENNANT, by...
Action yesterday across markets was bearish and set alarm bells ringing - in particular the action in the PM sector, where the Head-and-Shoulders bottom pattern that we have observed in PM sector stock indices appears to be aborting. If it...
In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average. Normally, a drop of this severity would lead to more downside action, but there is now strong evidence that gold hit bottom...
Gold has shown impressive strength over the past couple of weeks having risen as high as the $1800 area. On our 6-year chart we can see how it has punched through the resistance at the upper boundary of an important inner trend channel,...

Gold is impervious to rust.

Gold Eagle twitter                Like Gold Eagle on Facebook