• Gold: 1,086.25 -0.08
  • Silver: 14.53 0.01
  • Euro: 1.095 -0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

August 3: Gold and Silver Fall Roughly 1%

1 min 11 sec ago

Gold edged up to $1097.71 in Asia before it dropped back to $1089.48 in London and then bounced back higher in morning New York trade, but it then fell back off again into the close and ended with a loss of 0.81%. Silver slipped to as low as $14.429 and ended with a loss of 1.29%.

Silver Market Morning

On Wednesday New York closed at $1,088.10 down $9.10. The dollar was unchanged at $1.0964, with the dollar Index almost the same at 97.36. This morning the LBMA gold price was set at $1,080.05 down $5.60. The euro equivalent was €985.09 down €4.34 on yesterday. Ahead of New York’s opening, gold was trading in London at $1,081.00 and in the euro at €986.31.

July 30: Gold and Silver Fall With Oil

Gold fell $14.55 to $1082.65 in Asia before it bounced back to $1094.88 in late morning New York trade, but it then fell back off again into the close and ended with a loss of 0.83%. Silver slipped to as low as $14.638 and ended with a loss of 0.54%.

Wrapping Up July Comex Silver Deliveries

Again, I can't overstate how unusual this is and how different it is from the norm. In a "normal" month where total deliveries came in at 85%, we would have seen about 2,300 total deliveries. Instead, we saw 3,637. Therefore, we're left to conclude that and additional 1,300 contracts were demanded for immediate delivery in July. This means that someone or something funded their account with 100% margin, jumped the "queue" and demanded immediate delivery of 6,500,000 ounces of silver. At prices ranging around $15/ounce, that's nearly $100,000,000.

Silver Market Morning

On Wednesday New York closed at $1,097.20 up another $1.60. The dollar was a cent stronger at $1.0963, with the dollar Index stronger at 97.31 up from 96.64. This morning the LBMA gold price was set at $1,085.65 down $1.10. The euro equivalent was €989.43 down €1.80 on yesterday. Ahead of New York’s opening, gold was trading in London at $1,087.00 and in the euro at €992.11.

July 29: Gold and Silver End Slightly Higher

Gold edged up to $1099.24 in Asia before it fell back to $1091.49 at about 10AM EST, but it then bounced back higher for most of the rest of trade and ended with a gain of 0.15%. Silver rose to as high as $14.906 and ended with a gain of 0.95%.

Silver Market Morning

On Tuesday New York closed at $1,095.60 up $1.60. The dollar was almost unchanged at $1.1064, with the dollar Index slightly down at 96.64 down from 96.77. This morning the LBMA gold price was set at $1,096.75 up $1.15. The euro equivalent was €991.23 up €0.63 yesterday. Ahead of New York’s opening, gold was trading in London at $1,096.20 and in the euro at €991.63.

July 28: Gold and Silver Gain With Stocks and Dollar

Gold edged up to $1097.39 in Asia before it fell back to $1091.70 in London, but it then climbed to a new session high of $1098.30 in New York and ended with a gain of 0.15%. Silver rose to as high as $14.705 and ended with a gain of 0.82%.

Upticks in Silver Demand Seen in First Half of 2015

Through the first half of this year, silver experienced increased demand for jewelry and important industrial applications, two signals of demand growth for this most versatile of metals.

Gold & Silver Money has Devolved into Debt and Plastic

Eventually the gold and silver certificates disappeared and Federal Reserve Notes replaced them. The Federal Reserve Notes looked similar to gold and silver certificates, but sadly, they were nothing more than a piece of paper that represented a loan from (hence the word “note”) or obligation of the United States, issued by the Federal Reserve.

Silver Market Morning

On Monday New York closed at $1,094 down $6. The dollar was almost unchanged at $1.1062, with the dollar Index slightly higher at 96.77 from 96.72. This morning the LBMA gold price was set at $1,095.60. The euro equivalent was €990.60 down from €992.50 yesterday. Ahead of New York’s opening, gold was trading in London at $1,092.60 and in the euro at €990.57.

July 27: Gold and Silver Fall With Stocks, Dollar, and Oil

Gold gained $6.29 to $1104.99 by about 4AM EST before it fell back to $1089.36 in the next four and a half hours of trade and then bounced back above unchanged by about 10AM EST, but it then drifted lower again into the close and ended with a loss of 0.43%. Silver slipped to as low as $14.545 and ended with a loss of 0.88%.

First Majestic Announces Friendly Acquisition of SilverCrest Mines

First Majestic Silver Corp. ("First Majestic") (FR.TO) (AG) (FMV.F) (AG) and SilverCrest Mines Inc. ("SilverCrest") (SVL.TO) (NYSE MKT:SVLC) (CW5.F) are pleased to announce that the companies have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of SilverCrest for consideration of 0.2769 of a common share of First Majestic (the "Exchange Ratio") plus C$0.0001 in cash per SilverCrest common share.

Silver Market Morning

On Thursday New York closed at $1,088.70 down $5.20 as the bear raid continued. On Friday the gold price slipped to $1,084 ahead of London’s opening. The dollar was a tad stronger at $1.1069 Monday morning down from $1.096 on Thursday, against the euro, with the dollar Index down at 96.72 down from 97.03 Thursday last. This morning the LBMA gold price was set at $1,098.60, lower than the price seen in China. The euro equivalent was €992.50 down from €1,001.69 on Thursday. Ahead of New York’s opening, gold was trading in London at $1,100.00 and in the euro at €993.23.

July 24: Gold and Silver Fall Over 3% and 1% on the Week

Gold drifted down to $1077.89 at about 8AM EST, but it then jumped to as high as $1101.48 in afternoon trade and ended with a gain of 0.92%. Silver rose to as high as $14.737 and ended with a gain of 0.27%.

Market Report: Commodity rout

Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five months.

July 23: Gold and Silver End Slightly Lower

Gold gained $11.82 to $1105.72 by a little after 4AM EST, but it then fell back off for most of the rest of trade and ended with a loss of 0.48%. Silver slipped to as low as $14.591 and ended with a loss of 1.01%.

Gold, Silver, Equities: Megaphone Patterns

Examine the 20 year log scale chart of monthly gold. I have drawn lines connecting highs and lows. The result is an expanding channel or megaphone pattern. The increasing prices are exponential (log scale chart) because of exponential increases in debt, money supply, and Keynesian craziness, although I have no graph to prove the latter.

Silver Market Morning

After New York closed at $1,093.90 down $6.30 after closing at $1,100.20 on Tuesday. This morning in Asia the gold price rose back to $1,097 before the LBMA gold price was set at $1,101.65. The dollar was weaker at $1.0996 after yesterday’s $1.0940 against the euro, with the dollar Index down to 97.03 from 97.28 yesterday. The euro equivalent was €1,001.86 down from €1,002.74 yesterday. Ahead of New York’s opening, gold was trading in London at $1,101.80 and in the euro at €1,001.73.

July 22: Gold and Silver End Slightly Lower

Gold fell $12.05 to $1088.15 by a little after 10AM EST before it bounced back higher into midday, but it still ended with a loss of 0.57%. Silver slipped to as low as $14.646 and ended with a loss of 0.07%.

Silver Market Morning

After New York closed at $1,103.20 down $30.70 on Monday it closed at $1,100.20 on Tuesday. This morning in Asia the gold price fell again to $1,094 and was then set at $1,096.80. The dollar was weaker at $1.0940 down from $1.0854 against the euro, with the dollar Index down to 97.28 from 97.89. The LBMA gold price was set this morning at $1,096.80 down $11.20. The euro equivalent was €1,002.74 down from €1,029.31 yesterday. Ahead of New York’s opening, gold was trading in London at $1,094.00 and in the euro at €1,001.33.

July 21: Gold Dips but Silver Gains

Gold dipped down to $1094.46 in Asia before it bounced back to $1109.78 in London, but it then fell to as low as $1098.39 in afternoon New York trade and ended with a loss of 0.27%. Silver rose to as high as $14.966 before it also fell back off in late trade, but it still ended with a gain of 0.68%.

Missing Gold, Unpayable Debts, Financial Crises, Bail-Outs and Bail-Ins... There Must Be a Better Way

There must be a better way! Mathematically unpayable debt, confiscations of private assets, uncontrolled government spending, unfunded liabilities, missing gold, paper gold, officially sanctioned Ponzi Schemes, pension funds on the verge of disaster, and so many more indicate there must be a better way!

David Morgan Talks Silver

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

July 20: Gold Falls Nearly 3% and Silver Slips 1%

Gold crashed down to $1086.81 in early Asian trade before it bounced back to $1117.48 by a little before 4AM EST, but it then drifted back lower again in London and New York and ended with a loss of 2.71%. Silver slipped to as low as $14.57 and ended with a loss of 1.21%.

Silver Market Morning

New York closed at $1,133.90 down $11.20. In Asia the gold price fell $20 to $1,113 ahead of London’s opening. London barely lifted it back to $1,115. The dollar was stronger at $1.0834 up from $1.089, against the euro, with the dollar Index at 98.02 up from 97.54. The LBMA gold price was set this morning at $1,115 down $28.00, after a heavy sale at the close in New York on Friday. The euro equivalent was €1,029.31 down €20.08. Ahead of New York’s opening, gold was trading in London at $1,114.60 and in the euro at €1,028.56.

A Buying Opportunity for Silver ETFs?

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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

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The Coming Paradigm Shift in Silver

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Silver Market Update

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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

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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.

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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

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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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