first majestic silver

Mark Mead Baillie

Market Analyst & Author

Mark Mead Baillie

Mark Mead Baillie has had an extensive business career beginning in banking and financial services for two years with Banque Nationale de Paris to corporate research for three years at Barclays Bank and then for six years as an analyst and corporate lender with Société Générale.
For the last 22 years he has expanded his financial expertise by creating his own financial services company, de Meadville International, which comprehensively follows his BEGOS complex of markets (Bond/Euro/Gold/Oil/S&P) and the trading of the futures therein. He is recognized within the financial community of demonstrating creative technical skills that surpass industry standards toward making highly informed market assessments and his work is featured in Merrill Lynch Wealth Management client presentations.  He has adapted such skills into becoming the popular author each week of the prolific “The Gold Update” and is known in the financial website community as “mmb” and “deMeadville”.
Mr. Baillie holds a BS in Business from the University of Southern California and an MBA in Finance from Golden Gate University.

Mark Mead Baillie Articles

It being toward year-end, indeed that for the decade, our good friends over at again asked us to soothsay that which we see for next year. Thus we also think it apropos by which to herein open as follows:
An alliterative title, indeed favourably flowery for Gold's having ground up the so-called "weak longs", its gathering fresh ones and getting grooved for the oft-seasonal price rise into year-end.
We've cited time and again over the years that Gold plays no currency favourites. But let's face it: this recent selling in Gold was getting a little ridiculous given the Dollar's having taken on a more material demise of late. Why, even...
We are now proven wrong, (following last week's piece having been intently entitled "Gold More Consolidative Than Corrective Before 'BOING!'"). And yet we "feel" as Gold Bullish as ever! Convoluted indeed.
If you are a Gold Bull, which without saying you are (else you'd lack the common sense to be reading this piece, let alone own Gold directly or by right), then this is your kind of market "correction" wherein price rather than falling is...
What? Apparently there was a major StateSide election just nine trading days ago? Are we sure about this? Did someone tell the world's most important markets? If one did not know, surely one would not think so. To wit the primary BEGOS...
That's callin' it right, baby! Cue the timeless Harry Caray: "Gold Wins! Gold Wins! Gold Wins!" "But mmb, you also said the 'incumbent' would win..."
The notion inherit of our prior two missives remains intact: that a Team Red election victory is "priced into the market". Rather were the tilt be to Team Blue, as we'd penned "...Gold would by now have soared and the stock market by now...
Our sense is re-election of the StateSide presidential incumbent is now priced into the markets. Since posting our piece from a week ago, "Neither a Higher Gold Gear nor Pre-Election Fear Has Yet to Appear", still has neither the price of...
Gold's primary upside driver is currency Debasement, further enhanced by the other of the 3Ds: Debt and Derivatives. Thus axiomatically, Gold's primary downside driver is shrinkage of same. We don't see that happening anytime soon. Indeed...

18 karat gold is 75% pure gold.

Gold Eagle twitter                Like Gold Eagle on Facebook