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.

 

 “Silver is rarer than gold. Period. There is less silver in the world, above ground than there is gold. That is easy to document.

Anyone who cannot detect rumblings with more magnitude than early volcanic tremors is brain dead, plain and simple. For a full year, the USDollar enjoyed a sizeable counter-trend bounce.

It's my gut feeling the price of Gold did not break freely above the $550 level till the end of March.

The mainstream of economic thinking holds that China will continue to finance America's current account deficit indefinitely because American consumption is vital, if not critical, to the survival of China's export driven economy.

Much new money has been attracted to the resource sectors of metals and energy lately, therefore, it is only appropriate that a substantial correction has now begun.

The growing risk of a snapback rally by the dollar, highlighted as a danger in the big article on the site at the weekend and in the last Gold Market update, became reality today, precipitating a bloodbath in gold and silver and Pr

A letter from a reader takes me to task for my missive "Bull in Bear's Skin?" saying that I am an "ultracrepidarian" out of my depth.

Summary & Conclusion

By now, almost everyone who has any interests in the financial markets are aware that gold is at levels we have not seen for twenty five years. The question I often get asked by public readers is, is it too late to buy?

Since silver has recently risen so much in the past six months, from about $8 to as high as nearly $15/oz., it's time to review the fundamentals.  I will back up each point with a link, so that you don't have to trust me, but so yo

What a week. Gold prices soared to their highest levels in 26 years, and the dollar collapse verses just about every other currency on the planet.

Dear Mr. Northwest:

The famous speech made by Sir Alan Greenspan actually took place in Dec 1996, when Nasdaq was at 1300, up a whopping 200% in six years.

The purpose of this update is to draw readers' attention to the performance of Silvercrest and its future upside potential.

Let this essay be more on a personal nature. In my writings, I have refrained in diction from using the word "I" throughout. On a couple occasions, descriptions of certain family background facts have been provided, things like that.

Gold and Silver ended the week on a very strong note, and the questions on many investors and traders minds include, of course, how much farther has this bull market run got to go, and could we see further acceleration from here?

On January 1 this year, I posted the following chart at various websites, titled "chart of the year".

Recent price spikes and increased volatility in gold and silver markets have many observers predicting a dramatic popping to what they claim to be a precious metals bubble.

*A trivial game of bluff. It is played using randomly picked currency from your wallet. The denomination does not matter.

The good news is:




All of the major indices hit or closed at multi-year or all time highs last week.


Short term

My preference in funds and ETFs over individual stocks are well known to all subscribers. Today was a very good example of why.

Before we can even begin to discuss Interest rates intelligently, we must first define what it is that we are actually talking about, since it appears that all the talking Media Heads and Wall Street analysts don't seam to understa

This week, as mortgage rates rose to their highest level in more than four years, real estate insiders reassured the public that higher interest rates would not hurt the housing market.

Today, we had a severe correction in silver, as silver was down nearly 20%. But my portfolio of silver junior stocks was down only 3%.

Gold fell heavily today, and although it was a large one-day drop, it was not unreasonable given the size of the decline in silver and the rally in the dollar.

With the gold price past the $600 mark, many have asked how long the gold bull will run. Simply put, a long way.

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The naturally occurring gold-silver alloy is called electrum.

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