Gold climbed to a new 2 month high at $1254.74 a little after 8:30AM EST before it dropped back down to as low as $1242.15 by late morning in New York, but it then bounced back higher into the close and ended with a loss of just 0.15%. Silver climbed to as high as $19.48 and fell to as low as $19.22 before it also bounced back higher and ended with a loss of just 0.05%. Read the Closing Report
Hyperinflation and inflation may share the same root, but they're two entirely different trees. While many assume that hyperinflation is just inflation's oversized cousin, there is much more to hyperinflation than most are aware. Full Story
The latest quarterly (Q2, ended June 30, 2010) results from a number of silver producers confirm that they are now entering a phase of sustainable profits. We will look at several companies and try to make sense of the numbers as well as make an EPS projection for the calendar year 2010. Full Story
Many analysts and investors try to guess when silver prices will explode. They make these guesses based on the charts, or even by the fundamentals like I do. I pointed out the fundamental supply and demand numbers in my last article, "1% of 1%". The Tiny Silver Market attracts 1% of 1%, or $1 out of every $10,000 in the US Banking system, each year. Full Story
My point is that we may experience a tough summer once again, but in a bull market most surprises are to the upside not the downside. As more and more former gold bugs abandon ship, and the sentiment gets very poor you can rest assured the bottom has arrived. Then the precious metals continue to ascend the wall of worry. Full Story
After looking extremely vulnerable for weeks, silver staged an upside breakout last week that has taken the price away from the danger zone and also signaled a probable breakout to new highs that, should it occur after such a prolonged standoff, can be expected to lead to a powerful uptrend that takes the price to a target area in the high $20’s. Full Story
August is usually a quiet month in the precious metals market but this month is different. Silver has started behaving 100 per cent like a precious metal and not as an industrial commodity, and while stocks and Dr Copper have been falling, silver has been outperforming gold which is also on the up. Full Story
With the economic crisis well underway, estate sale sizes have grown tremendously as cash-strapped children hope to bring home big bucks from their deceased parent's assets. Traditionally, only small amounts of an estate would be auctioned, as the children of the deceased kept most of the items as an heirloom keepsake. However, in today's economy, cash is king, and so many people need the spare cash that they'll sell almost anything—including their silver and gold collections. Full Story
One fact is very, very clear: the silver markets are horribly suppressed. As we reported months ago, it was discovered in May that the silver futures market is purely paper, and there is an actual whistleblower to tell the tale. However, that testimony was subsequently squandered when the closed circuit TV had “technical errors,” and days later Andrew Maguire, the famed whistleblower, was in a hit and run accident. Full Story
1% of 1% By: Jason Hommel, Silver Stock Report | 23 August, 2010
Please bear with me while I repeat myself about how tiny the silver market is. Let's start with the facts. World annual silver mining adds about 600 million ounces of new silver, that includes all silver as byproduct supply from copper, gold, lead, zinc and other mines. Recycling contributes about 150 million oz. That's total supply. Full Story
Silver has been drifting in a rather lackluster summer. Ever since surging to $19.50 in mid-May, this often-popular white metal has been grinding sideways to lower. By late July it had fallen over 10% to about $17.50. But despite silver’s recent excitement-bereft sojourn, it actually has excellent potential for a big autumn rally in the coming months. Full Story
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