first majestic silver

Gold Editorials & Commentary

November 28, 2018

Gold, silver and mining stocks declined in a quite visible way yesterday, which is in tune with our previous expectations. In the previous days it was only silver and miners that declined in a meaningful manner, but yesterday gold joined them, making this a sector-...

As many of you know, I will often read articles written by others -- along with the comments -- to gauge the overall sentiment of the market from an anecdotal perspective.  During one of my recent perusals of articles, I noticed a quote of the following statement by...

Peter Schiff explained “What Happens Next.” This article takes his “likely sequence of events” and expands the discussion. His sequence: Bear Market. Recession. Deficits explode. Return of ZIRP and QE. Dollar tanks.

Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on what you buy. Debt to educate yourself so you can get a better job may be a good idea. Borrowing money to...

November 27, 2018

In an article entitled “China’s monetary policy must change” Alasdair Macleod discusses a path that China’s government could take to make the Yuan gold-backed and thus bring about greater economic stability in China.

The new Alchemist is out. What can we learn from the latest publication of the LBMA? We invite you to read our today’s article and find out!

Since I put out my last update on Thursday morning, I cannot say much has really changed.  So, I am going to re-print my update here, and add a few new comments below:

It has now been one full year since we began to monitor the daily totals of COMEX EFPs. The total amount of gold allegedly "exchanged for physical" over the past twelve months will astound you.

AAPL has trampolined $4, or 2.4%, after bottoming an inch from the 170.78 ‘Hidden Pivot’ target I’ve been drum-rolling here for the last week. The stock was trading near $190 at the time the target was first broached. Friday’s low got close, hitting 171.85. But even...

November 26, 2018

It is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders.

The best performing metal this week was gold, up 0.14 percent. The Bloomberg Intelligence Global Senior Gold Valuation Peers Index is heading for a fourth straight gain to mark the longest rally since September.

While the debate on the dynamics of the gold market continues, at least the top gold miners production cost provides us with a floor price.  Or rather, a basic minimum price level.  I get a good laugh when I read analysts suggesting that the gold price will fall...

A major theme of Keith’s work—and raison d’etre of Monetary Metals—is fighting to prevent collapse. Civilization is under assault on all fronts.

I have been getting such a chuckle from the market of late. As the market made its way down to our 2600 target region towards the end of October, more and more market participants and analysts became more and more bearish. In fact, the bearishness was palpable as we...

Precious metals investors don’t have much to console them these days. Just about the only bright spot is the nice, though ephemeral, pop in the gold/silver price that seems to happen every January. Sometimes it persists for six or so months, sometimes it ends before...

November 25, 2018

Last week, SPX declined over 100 points to a new closing low and is ready to challenge its intra-day low of 2604.  DJIA matched it with a loss of 1127 points for the week.  But NDX was the worst performer, dropping 340 points for a new correction low.  SPX is...

Pop Question! What did the price of Gold just do for the 23rd time in better than eight years since the week ending 20 August 2010? (... crickets ... crickets ... crickets ...) Oh come on, folks, even Squire likely knows this, wherever he's gone to spend this...

"I don't know how this whole thing is going unwind - I just think it's not going to be pleasant for any of us, even if you own gold and silver. I think owning gold and silver gives you a chance to survive financially and see what it's going to look like on the other...

November 24, 2018

As we continue to explore our custom research into the metals markets and our presumption that the metals markets are poised for a massive price rally over the next few months/years, we pick up this second part of our multi-part article illustrating our research...

Our proprietary cycle indicator is up. Gold sector is on a major sell signal. Major signals can last for months and years and are more suitable for long-term investors.

Last week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by...

November 23, 2018

Here are today's videos and charts:

This reform will make US financial system more vulnerable, just adding fuel to the fire of easy money. This is what some people worry about. Are they right? We invite you to read our today’s article about the rollback of Dodd-Frank Act and its potential implications...

Global debt increased at the fastest rate at the beginning of 2018.  In just one quarter, total global debt jumped by more than $8 trillion.  That is quite surprising as total world debt rose by $22 trillion for the full year in 2017.  Thus, the increase in global...

Since 1981, interest rates have been in a secular decline, falling from 20% to zero in US dollars. They are now on the rise, but the general assumption is the current low interest rate environment will broadly continue. This view is complacent and likely to be...

All through the bear market hopeful rationalizations were served up for a bullish case on the gold miners. All through the bear market we warned people not to eat that rotten turkey!

Gold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven’t seen since 2017.

November 21, 2018

Let’s be clear. October’s market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent “fast,...

On Tuesday, significant gold news was made when the London Bullion Market Association finally began its long-awaited disclosure of gold market size and trading volume. If anything, all their first report revealed was the sheer magnitude of the scam and the fraud...

Markets are deceptive…but we all know that.  Beyond deceptive, markets are actually down right diabolical.  Mr. Market operates through his two most trustworthy lieutenants Mr. Bull and Mr. Bear.  He has tasked Mr. Bull to climb and reach the top of the mountain...

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