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

In the last update posted on the 17th it was predicted that gold would stage a rally to alleviate the oversold condition that existed at that time, and that this rally would take it about $595 before it reacted back again. Today gold...
Failure of support in the $600 area has led to gold dropping back into the target zone for this move - the $560 - $580 area. It is regarded as a trading buy here for a probable trading bounce back towards the underside of the earlier...
After a lengthy period consolidating in a large trading range gold is now in position to break higher. It has behaved pretty much as predicted in the last update, dropping back towards the important support at $600. It was expected to fall...
Many of you will have seen, at some point in your lives, the classic optical illusion picture, shown below, in which you at first see either a young woman, or an old hag. Some might say that which you see first is a function of whether you...
Major uptrends start when people are least expecting them, and sadly that includes a lot of analysts who, being human too, frequently get caught up in the prevailing psychology. Before a new uptrend starts its imminent onset is typically...
There are a lot of conflicting opinions being bandied about regarding the outlook for Precious Metals prices, as many readers will no doubt be aware, and when this occurs, it is usually a symptom of a trading range situation. At a time...
Precious Metals stocks are believed to have bottomed, although we may see a test of the recent lows, and prices may dip marginally below them in coming weeks, any such retreat being regarded as a major buying opportunity. It is considered...
Gold is in a classic buying area, it’s recent sharp decline having halted exactly at its 200-day moving average and in a zone of strong support. We had expected it to drop to this zone, but to take probably a month or two to do so, instead...

Palladium, platinum and silver are the most common substitutes for gold that closely retain its desired properties.

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