first majestic silver

Gold Editorials & Commentary

August 23, 2019

The yield curve has inverted. It suggests that we are about one year before the recession. How should the yellow metal behave in such a period? We invite you to read our today’s article and find out how gold is likely to behave in the pre-recession world.

The mid-tier gold miners’ stocks have soared in recent months on gold’s decisive bull-market breakout. They are this sector’s sweet spot for stock-price upside potential, with room for strong production growth which investors love. That’s an attractive contrast to...

Our August 19th breakdown prediction aligns with our other analysis tools and predictive modeling systems.  The key to understanding price action lies in two modes of operational aspects for analysts.

With gold confirming a new bull market, it's time to step back and look at the big picture. Using technical analysis, I'll provide potential price objectives for the next decade.

August 22, 2019

The 2019 Economic Symposium in Jackson Hole has begun! On Friday, we’ll hear Jerome Powell discuss the latest monetary policy shifts. How will it affect the gold market?

In the unending blowing of the most epic financial market bubbles of all time, Germany may have just announced “peak crazy”. Overnight they issued 30-year bonds that had a NEGATIVE yield. With all of the financial shenanigans going on it is not even a surprise that...

Mr. Steven Ricchiuto, he of a Masters in Economics from Columbia, has laid out the proper plan for the Federal Reserve in this oh so noisy environment in which an unassuming and fairly quiet man is trying to tune out a personal bully on Twitter, tune out the stock...

Russia increased it’s gold reserves by another 300,000 ounces in July and its gold reserves are now worth $101.9 billion. Total amount of Russian gold reserves rose 0.4% in July, reaching 71.3 million ounces or 2,218 tons as of August 1.

August 21, 2019

It’s often like this prior to market-moving events. Prices keep trading in a narrow consolidation, dropping subtle clues here and there. The context remains though, and coupled with the preceding price action, it allows to us to see the market tipping its hand. So,...

Chris Vermeulen, Founder of The Technical Traders shares his thoughts on why this week is important for the US markets, gold and oil. All of these are near strong support or resistance levels where if a break happens could result in an extended run. We breakdown the...

In Part I of this research, we highlighted the Case-Shiller index of home affordability and how it relates to the US real estate market and consumer economic activity going forward.  We warned that once consumers start to shift away from an optimistic view of the...

“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up.” Respected investor Mark Mobius gave a blanket endorsement for investors to buy physical gold.

August 20, 2019

Talk of a synchronized world - all three economic superpowers are in a recession! The U.S. suffers from industrial recession, Japan from export recession, while Germany may fall into a broad economic recession. Will the gold market warm up to these news?

Once again, like his reality show, Mr. Trump orchestrated a spectacle choosing the optics of progress to meaningful progress itself.  After the most recent G 20 meeting, Mr. Trump was more interested in a photo op with Kim Jong Un and celebrated a short truce with...

If you've been following our research long enough, you'll remember that we often discuss Fibonacci Price Theory and how we use it to try to identify opportunities and trends in the markets.  The basic premise of Fibonacci Price Theory is that price is always seeking...

Let me help remove the rose-colored glasses for anyone who still thinks GDP this year is good. First, GDP growth in the first quarter was not “great” as I’ve heard some claiming. It was, by US historical standards, a little lower than mediocre.

August 19, 2019

The world has truly entered uncharted waters with negative interest rates spreading so far and wide. Frank Holmes, CEO of US Global Investors, recently noted that a whopping 25% of all bonds sold globally now carry a negative yield. “Investors” are even buying some...

Last week’s 800-point drop in the Dow Jones Industrials made it clear that we are in an extended, ongoing correction. Despite a strong rally at the end of the week which is most likely a counter-trend rally, we should not see the end of the corrective process until...

The United States is the strongest, most prosperous country on the planet. This has been made possible only by free markets and the rule of law. But even the U.S. is not immune to the unintended consequences of well-intentioned policies. I believe gold is a rational...

At a shopping mall recently, we observed an interesting deal at Sketchers. If you buy two pairs of shoes, the second is 30% off. Sketchers has long offered deals like this (sometimes 50% off). This is a sign of deflation.

The second week of August was pretty simple as the market followed our expectations from the previous weekend report. If you recall, the market chose to follow scenario 1 on the daily chart timeframe by backtesting into the 2858-2836 zone on the Emini S&P 500 (...

Bullish respondents say the turmoil in global equity and bond markets is strengthening the investment case for gold. Silver is also rallying alongside gold on recession fears

Michael Jordan is no longer the key NBA player, Britney Spears and Backstreet Boys are no longer winning in the top charts, and the new movie hits are not about gigantic cruising ships crashing into icebergs (Leonardo DiCaprio continues to enjoy his fame, though),...

Last week we wrote that near-term risk in precious metals (gold and GDX especially) was rising and a correction could begin soon. As gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal...

This time is different. This is what the experts say. The inversion of the yield curve did a great job in predicting recessions in the past, but the current inversion is not like the previous. The predictive power of the yield curve has weakened, so it does not...

August 18, 2019

Large precious metals speculators slightly lowered their bullish net positions in the Gold futures markets this week after a streak of strong gains, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC)...

There's something about Tuesdays. Twelve Tuesdays ago, Gold was trading in the 1200s: 'twas late May. Eight Tuesdays ago whilst quietly ensconced pre-dawn inside L'Aéroport Nice Côte d'Azur's Terminal II, we penned on the website's daily commentary page "...Gold has...

The Dow Jones Index closed the week down 5.38% from its last all-time high of July 15th, a month ago. But looking at the Dow Jones as Mr Bear does in the BEV chart below, with every new all-time high registered as a 0.0%, or BEV Zero, and all other daily closings as...

Negative yields are becoming common for many of the world's most mature economies.  The process of extending negative yields within these economies suggests that safety is more important than returns and that central banks realize that growth and increases in GDP...

August 17, 2019

Negative interest rates are coming. And they may be here to stay. There is a reason why that might be so. To explain the situation I make use of simplification for clarity's sake. Basically this is a tale of two opposing economic forces: capitalist spirit versus...

Gold IRA eBook

The 1849 Gold Rush sped up California's admission to the Union as the 31st state in that year.

Gold Eagle twitter                Like Gold Eagle on Facebook