• Gold: 1,288.39 11.16
  • Silver: 17.38 0.04
  • Euro: 1.142 0.001
  • USDX: 93.555 -0.225
  • Oil: 43.75 -0.75

Silver Market Morning: May-6-2016 -- Silver steady ahead of a move!

6 min 9 sec ago

The center of attention today is the jobs numbers from the Fed just after the opening in New York. A figure of 200,000 has been priced in so any deviation from that will be seen in the dollar and in gold prices in the dollar, in particular.

May 3: Gold and Silver End Slightly Lower As Dollar Bounces on Fedspeak

Gold gained $11.66 to $1301.66 at about 4AM EST before it dropped back down to $1283.54 by late morning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.22%. Silver slipped to as low as $17.343 and ended with a loss of 0.46%.

This Rarely Seen Chart Signals a Raging Silver Bull Market...

Federal Reserve officials hinted at a rate hike as soon as next month, but that prospect did little to support the U.S. dollar or hinder precious metals. Gold and silver prices have surged to new highs for the year while the dollar made a new low.

Silver Market Morning: May-3-2016 - Gold attacks $1,300, silver strong!

The Shanghai Gold Fixings today again show a real rise in the price of physical gold as the number of the Yuan in dollars rose [weakened]. But a significant weakening of the dollar helped the gold price rise to $1,300. The rise in the gold price held in London ahead of the LBMA gold price setting.

May 2: Gold and Silver Close Lower in Mixed Trade

Gold gained $10.72 to $1303.62 by a little after 8AM EST, but it then chopped back lower in New York and ended with a loss of 0.22%. Silver slipped to as low as $17.489 and ended with a loss of 1.79%.

Silver Wheaton: The Ultimate Streaming Service

Royalty companies can often minimize political risk because they don’t normally deal directly with the governments of countries their partners are operating in. This is especially valuable when working with miners that operate in restrictive tax jurisdictions and under governments with high levels of corruption. Silver Wheaton’s contract with Brazilian miner Vale, for instance, stipulates that Vale is solely responsible for paying taxes in Brazil, which are among the highest in Latin America. Vancouver-based Silver Wheaton pays only Canadian taxes.

Fortuna to Release First Quarter Financial Results on May 9, 2016

Fortuna Silver Mines Inc. (FSM)(FVI.TO) announces that it will release its financial statements and MD&A for the first quarter after the market closes on Monday, May 9, 2016.

Did The Big Silver And Gold Market Event Arrive?

On the US Dollar index chart, I have marked the two fractals (1 to 3). I have also indicated the relevant silver tops and bottoms to show how the patterns exist in similar conditions. Furthermore, if you look on the Dow chart, you will see that the Dow peaked just before point 3 on both patterns. If this comparison is justified, then we will see a big drop in the Dow and the US dollar index soon. This is consistent with my long-term analysis of the Dow and the US Dollar index. While this is happening silver, and gold will rise to phenomenal highs (which has already started).

April 29: Gold and Silver Gain About 5% on the Week

Gold gained $28.66 to $1296.56 by late morning in New York before it edged back lower at times, but it still ended with a gain of 1.97%. Silver rose to as high as $17.951 and ended with a gain of 1.31%.

Market Report: Dollar down, gold up

The dollar’s weakness coincides with a growing realisation that the Fed is trapped when it comes to raising interest rates. Following a two-day FOMC meeting, there was no change in the Fed Funds Rate, with the usual jaw-jaw about conditions not deteriorating, so we can expect a rise in rates perhaps mid-year.

Silver Market Morning: April-29-2016 -- Silver price, looking good to go!

The drop in U.S. GDP to 0.5% annual rate, in the first quarter, in the U.S., helped the dollar to continue falling and brought into question just how sustainable labor growth numbers are. This was a serious slowdown and should be noted as such. Business slashed investment by the steepest amount since the Great Recession. While the media hopes that these numbers can be adjusted to look better and that the rest of the year will see a better performance, hope is not reality.

April 28: Gold and Silver Gain About 2% on BOJ Surprise

Gold climbed higher throughout most of world trade and ended near its late session high of $1269.49 with a gain of 1.78%. Silver rose to as high as $17.636 and ended with a gain of 2.21%.

Silver: The “Five Year Plan” and the Great Leap Forward

Five years ago paper silver contracts on the COMEX hit a multi-decade high over $48 on April 29, 2011. At the end of April 2016 the silver price is bouncing around $17, down about 65% from its April 2011 high. The low occurred at about $13.60 in December of last year, when paper silver prices were down about 70% from their April 2011 high.

SilverCrest Announces Additional High Grade Underground Results At Las Chispas; Commencement of Surface Drilling Program

N. Eric Fier, CPG, P.Eng, President & CEO stated, “We continue to systematically complete our planned underground rehabilitation program at Las Chispas to evaluate areas of known high grade silver-gold mineralization. To date, we have accessed two kilometres of the estimated six kilometres of underground workings. Our first detailed underground channel sampling, as reported below, indicates continuous high grade areas that are easily accessible for potential future mining. In late March, we also commenced a surface drilling program to test extensions of known mineralized veins for potential new discoveries. For the next three months, we will be focusing on continually accessing historical underground workings to assess further high grade continuous mineralization.”

Silver Market Morning: April-28-2016 -- The falling dollar boosts dollar silver price!

The Shanghai Gold Fixings are now showing just how currency moves are affecting the gold price. Overnight the dollar has weakened in a host of currencies including the Yuan. Please note that this rise in the gold price is not Yuan strength but dollar weakening. As a result, while there were only slight moves inside China in the Yuan gold Price, in dollar terms the moves were compounded by the weak dollar.

Silver Sell Signal Begins Its Long Term Rise

It may seem odd talking about sell signals at the beginning of a new bull market for silver, but let us get into perspective what bull markets are all about. Silver has seen strong buying in the retail sector as investors snap up silver eagles and similar bullion coins. Likewise, the silver ETFs as a group are near record levels.

Grave Silver Mistake

This is a measure of silver stocks moving from one place to another. This statistic might be important to businesses in the trade, such as refiners and depositories. It is not useful in predicting the price. Ironically, the big gain in ETF inventories may be metal coming from Asia. Metal flows from where it is cheaper to where it is priced more richly. If speculators relentlessly push up the ask price on the ETFs, then they will draw in metal from where it is cheaper. To underscore our point about abundance, isn’t this a sign of it? The marginal use of metal is to go into paper vehicles designed to let asset managers speculate on the price of silver using an equity.

Silver Bullion “Momentum Building” As “Supply Trouble Brewing”

“There are signs that this year could be a pivotal year for the silver market,” New York-based CPM Group said in its “Silver Yearbook 2016.” “Silver mine supply is forecast to decline for the first time in 2016, since 2011,” CPM said, noting scheduled closures and planned production cutbacks.

Silver Market Morning: April-27-2016 -- Will the Fed booost Silver prices?

At the start of the week the Shanghai Gold Fixings were higher than those in London, but today we see them very much in line with New York, transitioning into London’s opening. So we can say that at the start of the process it appears that there is a ’24-hour market’ for gold. Time will tell if this continues and how the pricing power changes.

Silver Price Forecast: Silver Rally Will Bring Bond Market Collapse

On the charts, I have shown how interest rates and silver prices have moved together during the first phase of the 70s silver bull market (1971 to 1974), as well as the second phase (1976 to 1980). I have also marked the big divergence that occurred from 2001 to 2011 (the first phase of the silver bull market). This is the biggest period of divergence over the last 100 years. Since silver and interest rate are positively correlated in the long run, it is almost guaranteed that they will move together (up) during the next phase of the silver bull market. A spike in interest rates (meaning – a collapse of bonds) will provide an explosive boost to the coming silver rally.

Silver Market Morning: April-26-2016 -- Silver price waiting for the Fed!

Today, the FOMC meets with little prospect if any, of a rate rise. The focus is on the statement that comes out of the meeting tomorrow. What we all are fully aware of is that the Fed does not want to see a stronger dollar. Indeed it would prefer to see a weaker dollar. Currently the policies of the E.U. and Japan, no matter what they say are designed to weaken their respective currencies.

Silver Market Morning: April-25-2016 -- Silver holding higher levels

The gold price is being pulled back not only by a weaker euro but by the upcoming FOMC meeting and that of the Bank of Japan. We do not expect any rate change from the FOMC but continued talk of how vulnerable the U.S. economy is to the global economy and a strong dollar. We expect that for the remainder of the year the Fed will be keenly watching U.S. data and will react to any strengthening of the Dollar negatively.

Silver’s on Fire

To be conservative—though this risks missing a quick collapse—one should wait to see the momentum peter out. As we often say at times of bearishness, we NEVER RECOMMEND NAKED SHORTING a monetary metal. The way to play this move would be to go long gold and short silver. If the gold silver ratio is 70, short 70 ounces of silver for every ounce of gold you buy. 70 would be an attractive entry point (assuming momentum dies by then). If the ratio rises to 83, then you have a gain of over 18.5%. For example, if you buy 100oz gold and short 7,000 oz silver, you will pick up over 15.6 ounces of gold.

Silver Commitments of Traders – Halloween is Arriving Early This Year

By that I mean, it just keeps getting scarier and scarier. My guess is that every speculator on the planet is long silver/short gold or outright long silver. That of course is an exaggeration but I am not exaggerating when I categorically state that the silver market is a train wreck just waiting to happen. As I have said before, and will say so again – I would rather miss any more upside in this market than get long now, not with a trade so lopsidedly jammed with speculators on the long side. I will leave that for the daredevils and others who like driving the stagecoach as close to the edge of the mountain pass road as they possibly can.

Silver Market Morning: April-22-2016 -- Dollar rising, Silver soaring!

Mario Draghi and the E.C.B. did not raise rates, which was expected, but he did open the door to negative interest rates in the future. This sent the euro weaker, but as in the past we do not expect this to last. The determination of the U.S. market forces is for a lower dollar and we have no doubt that is what we are headed for. After all it’s one thing to talk and another to act. Germany’s wish to see the end of such stimulus was dismissed by Draghi, otherwise the euro would have been stronger today. In Japan the talk of deeper negative interest rates also weakened the Yen, to 111 against the dollar.

Blow Off in Progress but ‘Launch Phase’ Confirmed

For months now we have speculated in NFTRH that a new inflation phase is in the offing (after the first mover, gold, rises amid global economic contraction) and the thrust off the bottom in the precious metals complex and now the rest of the commodity pack, indicates it is here. However, a mini blow off within the launch phase in silver is happening right now and this will eventually bring a reaction (momentum will blow out when it blows out, which is how blow offs work), which is not likely to be a gentle sideways consolidation. What is happening now is like a microcosm of spring 2011, only a coming correction would very likely not be terminal. Its job will be to confirm a new ‘inflation bull’ market. Watch the precious metals as always, for the early clues.

A Buying Opportunity for Silver ETFs?

Silver prices have been pushed below $30 an ounce in the recent sell-off as investors raise cash in the wake of the collapse of commodities broker...

Silver Market Update - January 16th, 2012

The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the...

Great Panther Silver Reports Improved Fourth Quarter Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/17/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "...

Pan American Silver Comments on Changes to Mining Legislation in Rio Negro, Argentina

"Pan American Silver Corp. (TSX: PAA.TO)(NASDAQ: PAAS) ("Pan American" or the "Company") owns 100% of the Calcatreu gold development project ("...

When Will Silver Reach a New High?

Casey ResearchIn...

New EW Silver Discovery

...

Warren Buffett Trashes Gold, But What About Silver?

“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no...

The Arbitrageur: Silver backwardation

Ever since early fall 2010, long-...

Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

Congressman Paul gives an opening...

Silver and Gold Dividends to be Paid by Gold Resource Corp. (NYSE-AMEX: GORO)

COLORADO SPRINGS, CO--(03/12/12)- Gold Resource Corporation (the Company...

Fractal Analysis: 2012 Silver to $70++

Around this...

First Majestic Announces Friendly Acquisition of Silvermex Resources

VANCOUVER, BRITISH COLUMBIA--(04/03/12)- First Majestic Silver Corp. ("...

Silver: poor man's gold turning to fool's gold?

Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.Its...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

Bearish pattern of the day - Silver

Silver has formed a "Descending Triangle" on the daily chart. A descending triangle shows decreasing demand and an increase in supply with each...

The Coming Paradigm Shift in Silver

...

Bearish pattern of the day - Silver

Silver has formed a "Descending Triangle" on the daily chart. A descending triangle shows decreasing demand and an increase in supply with each...

Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

On the Money - A Dime a Gallon [Video]

An economic commentary on Ron Paul...

First Majestic Announces Friendly Acquisition of Silvermex Resources

VANCOUVER, BRITISH COLUMBIA--(04/03/12)- First Majestic Silver Corp. ("...

Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

Silver: poor man's gold turning to fool's gold?

Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.Its...

March Silver in Backwardation

March silver has been...

Silver Market Update - January 16th, 2012

The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the...

Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.

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