first majestic silver

Bear's Lair

Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.

 

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. Different preferred gradients are linked though the Fibonacci ratio.

After experiencing a brief correction early last week the Dow Jones Industrials promptly reversed its falling trend and continued its bullish trend by week's end.

Midweek snapback behavior . . . was part of the advance pattern call.

The far-eastern financial crisis has spilled over into Russia, and is now threatening Latin America. The American economy is doubtless going to suffer from the same illness, and financial markets everywhere are jittery.

If you have read any of my previous articles, you know I'm pretty consistent with my theme - the gold and silver markets have been manipulated for the past decade and a half by the twin forces of the lending of precious metals and

It has been our plaintiff cry for the last six months that the gold mining stocks, particularly of the undervalued speculative variety, offer by far the greatest potential for profits for the lowest price in today's severely overva

This month I'd like to present another way of looking at aggregate market levels besides the traditional PE ratios, price/book value, price/sales ratio, dividend yields and the other more commonly used approaches.<

Where to now?



Better ask your Ouija board, since no one can predict with any certainty whether Dow 10000 will be the bull market's last hurrah or merely a fuel stop on the way to the moon.

I heard another analyst today interviewed by the financial media say when commenting on Dow 10,000, "that's all anyone talks about." Another analyst said he couldn't wait until the Dow reached that level "so we can all get on with

As expected, it was a wild and particularly challenging week with "triple witching" options expiration. Today (March 19), the Dow traded as high as 10,085 but closed at 9,904.

One of the great risks investors face now that we are at the peak of greatest bull market in stocks the world has ever seen, arises from a widespread ignorance and bias against gold as an investment.

President Clinton and Treasury Secretary Robert Rubin are currently proposing the sale of $1.5 to $3.0 billion worth of IMF gold reserves for the purpose of debt forgiveness to benefit the world's poor.

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. Different preferred gradients are linked though the Fibonacci ratio.

If you're in Asia, you're already "enjoying" a bull market in gold, although I must note that the word "enjoy" may not be very appropriate since many are struggling to survive the bursting of the speculative bubble.

Not much "green" seen. . . on this Saint Patrick's Day, as repeated declines were aborted by the press of equally frequent rally efforts.

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. Different preferred gradients are linked though the Fibonacci ratio.

Forecast: Gold Prices In 1998 And Beyond

The "Three Faces of Eve" . .

Talk about a tough market to interpret!

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. Different preferred gradients are linked though the Fibonacci ratio.

The U.S. financial markets soared Friday when the nation's employment numbers showed a strong economy with near-full employment, but not strong enough to prompt the Federal Reserve Board to tighten interest rates.

The US stock market has just reached new record highs, as measured by the major indices, with valuations that are in no way supported by the earnings of the underlying businesses. Share prices are, in fact, supported by debt.

What a refuge the investor has in those peerless gold stocks! While technical deterioration and extreme overvaluation abounds throughout the stock market today, a brand new bull market is just beginning in the golds sector.

Hanging onto support by its fingernails . . . the stock market managed to climb back up from a very precarious position; though by no means has the market secured a good footing.

It explains the ridiculous rise in Internet stock prices.



"If it's magic, then why can't it be everlasting?"

—Stevie Wonder, "If it's Magic,"-1975

Alan Greenspan wants us to believe he's got a boring job, but I'm not buying it.

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. Different preferred gradients are linked though the Fibonacci ratio.

The American Experience Conclusions

Since 1492 when Cristobal Colon (Christopher Columbus as he is known in the U.S.) discovered the Americas, GOLD has always been the monetary messiah of the Latin American continent.

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Small amounts of natural gold were found in Spanish caves used by the Paleolithic Man about 40,000 B.C.

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