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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.


Bank mergers seem to be the wave of the future. With the merger of Citibank and Travelers, we have a bank extending from coast to coast for the first time. Other mergers are on the way.

Based upon historical superior market performance of South African gold stocks over North-American and Australian precious metals mining shares, it is reasonable to assume that again the South African gold mines will perform even b

Am Silbermarkt tobt zur Zeit ein heftiger Kampf, zwischen Bullen und Bären. Beide Seiten werfen sich eine Manipulation der Silberpreise vor und es werden bereits Gerichte bemüht.

We have written before about the remarkable ability of banks to create money when making loans, and of their equally remarkable ability to multiply these newly created-from-nothing bank deposits via fractional reserve banking.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.


Every week we receive email from many parts of the world requesting information about HOW TO EVALUATE A GOLD STOCK.

I have greatly enjoyed hearing from readers, especially the combative ones who have argued, in effect, that this bull market will continue forever. Herewith, a response to some of your comments and queries.

Perception, whether based on reality or myth is a powerful force. When it is based on actuality, this is a reasonable thought process.

No matter how much cats fight, there always seems to be plenty of kittens.

Abraham Lincoln

In a recent posting to a Gold Chat Group, someone asserted:

May 15, 1998



Toronto, Ontario - CANADA

Peter Bunk, Presiding


Nothing is more annoying than to be obscurely hanged. Voltaire

It was once said that "gold and oil can never flow in the same direction. If the current price of oil doesn't change soon we will no doubt run out of gold."

To those somewhat familiar with the world's spectrum of gold mining stocks, it has always been an inexplicable enigma why North-American and Australian gold stocks should perennially enjoy much higher Price/Earnings ratios than the


Who's there?


Wayne who?

Wayne, wayne go away, come again another day!

Money is whatever people agree it is. At various times and places in history, money has ranged from sea shells and gold coins to paper currency and now electronic debit cards.

Mr. Johnston's Letter to his Sons!

(The Sting & Ponzi Scheme!)

When a bull market takes leave of its senses as this one surely has, what's an investor to do?

If you're planning to cash out near the top, there's just one answer: toss prudence overboard.

Almost a year ago a very interesting and erudite gold study was published in the British press. The report was produced by the Economist Intelligence Unit (15 Regent Street, London SW1Y 4LR).

One feature we like to do every now and then is what we call "Pennies From Heaven." This is a spotlight on stocks we've stumbled across in our research which fit three important criteria.

Abstract: In recent years, price bubbles appear to have developed in the real estate markets in several developed economies, including the United States, Australia, the United Kingdom, the Nordic countries and Japan.

"We are all competing right now in a race against time to avert an impending computer catastrophe." - Con. Connie Morella (D-MD) Speech at 1997 Y2K Symposium

Who'd have guessed that rumors of adultery in the White House would be bullish for stocks?

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Pure gold is non-toxic when ingested.

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