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.

 

The level of intensity of my recent spate of communications has heightened because I saw the markets reaching for a point of structural decision; and I tend to pay much more attention when that happens.

Not practicing what one preaches

The Amendment for Jobs Creation Act is a classic misnomer, a fraud, nothing but a sweet corporate welfare conjob. The only job in this scheme is "conjob" for sure.

As the Fed continues its inflation campaign, most have yet to come to grips with the reality of America's uniquely precarious situation.

Back in the late 1970's, the lineups to buy gold were reminiscent of people waiting to buy Stanley Cup Hockey tickets at the then Famous Montreal Forum.

We know the gold price has been manipulated by constant central bank selling over the years.

[During this time of year for giving thanks, I found myself in a bit of a strange circumstance this afternoon.

Many newer subscribers to our service are not familiar with the ongoing long term outlook we have on the gold sector in the past two years.

For Tocqueville Gold Fund's John Hathaway, gold shares "give you more octane than the metal itself."

Federal Reserve Statistical Release

November 10, 2005

Discontinuance of M3

Gold in US$ terms has surpassed $490 per ounce, with the "magical" $500 level within spitting distance. The financial markets and their shallow mavens have grasped the price inflation issue as a relevant factor, and little else.

As little as one hundred years ago, a silver dime paid a worker for a full days worth of work. At today's fire-sale prices, you can buy those same 90% silver dimes for about 60 cents each.

There's the housing bubble and the commercial office space bubble. There's the Bond-market bubble and its two progenies, the junk-bond market bubble and the emerging-market-debt bubble.

Historically, national housing prices have increased no faster than the annual rate of inflation, as measured by the CPI.

We have always known about Greenspan's Interest rate conundrum but now we are becoming aware that he has a few more conundrums. In his latest speech he mentioned the "Currency Trade deficit" conundrum.

This is a follow up to my last week's buy signal on the gold sector. If that buy signal succeeds, we are at the beginning of phase two of this generational bull market in gold and gold stocks.

Has silver mine production in the United States of America finally peaked never to recover? Never mind the ongoing debate about Peak Oil, what about the case for Peak Silver in America?

Monetary expansion

Last week we showed the fractal similarities of the daily HUI Index in late 2001/ early 2002 versus the weekly chart of the HUI from late 2003 to today.

The following chart shows a clear reverse Head and Shoulders formation with a target of 100 with the clear neckline at 90 having been broken to the upside (Source:

The two year correction in gold stocks appears to be over !



It's been more than twenty-five years, since former US central bank chairman Arthur Burns was at the meeting of the International Monetary Fund in Belgrade (September 30, 1979) where he made his famous speech entitled "The Anguish

The named appointment of Ben Bernanke (green from inexperience) represents a promise for continued dependence upon inflation for economic growth.

An old trading adage states the following: markets can remain irrational longer than investors can remain solvent.

IS their a problem with the dollar ? After falling to $1.30 against the euro representing a decline of 20% since the beginning of 2003.


The twenty-year picture

Bimetallism theory and practise requires that gold must be defined in terms of another precious metal also having the reputation of being 'honest money.' The general public will understand this, because people can understand that o

I have spent many hours over the last few years reading posts on the Gold-Eagle Forum.

Last week, following my appearance on CNBC's "Squawk Box" Steve Liesman dismissed my warnings of dire consequences resulting from America's growing current account deficit, by arguing that 20 years of consistent deficits have faile

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Gold weighs 19.3 times as much as an equal volume of water.

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