• Gold: 1,184.16 -1.49
  • Silver: 16.60 -0.12
  • Euro: 1.082 0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

March 30: Gold and Silver Fall Over 1%

6 hours 58 min ago

Gold dropped $16.14 to $1182.56 by a little after 9AM EST before it bounced back higher at times, but it still ended with a loss of 1.1%. Silver slipped to as low as $16.64 and ended with a loss of 1.42%.

Silver, Warfare and Welfare

US policies that promote warfare and welfare have produced massively increased debt, much higher consumer prices, larger government, and more central bank intrusion into the markets. And yes, higher silver and gold prices also resulted from these policies.

First Majestic Silver Corp. Produces 3.5 Million Silver Eqv. Ounces in Q3; Postpones the Sale of 934K Silver Ounces of Inventory

First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce that total production at its five operating silver mines in Mexico for the third quarter ending September 30, 2014 reached 3,523,536 equivalent ounces of silver, representing a 5% increase compared to the same quarter in 2013.

Excellon Reports Third Quarter 2014 Production

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, reports its third quarter 2014 production results and an exploration update from the La Platosa Mine in Durango, Mexico.

October 13: Gold and Silver Gain While Dow Drops Over 1%

Gold climbed $12.16 to $1235.86 in Asia before it fell back to $1225.13 in London, but it then rallied back higher in New York and ended with a gain of 0.74%. Silver rose to as high as $17.583 and ended with a gain of 0.58%.

October 10: Gold and Silver Gain About 3% on the Week

Gold dropped $5.99 to $1217.71 by a little after 4AM EST before it bounced back to $1224.79 in the next four hours of trade and then edged down to $1219.04 by midmorning in New York, but it then bounced back higher into the close and ended unchanged on the day. Silver slipped to $17.216 before it rebounded to $17.396 and then fell back off, but it also ended at unchanged on the day.

Market Report: Market turbulence

This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a miserable month or two.

Silver Market Morning

The gold price closed at $1,223.70 up $1.20 since yesterday. Asia held it there. London held it around that level after a small dip to $1,218. The euro a cent ahead of the Fix, which was set $1,222.25 down $5.25 and in the euro at €964.374 up €2.383, while the euro stood at $1.2674 down just short of a cent. The volumes of gold traded were one seller selling 22,000 ounces and two buyers buying 32,000 ounces before the pro rat arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,222.30 and in the euro at €964.80.


After the recent price smash in silver, investors purchased a record amount of Silver Eagles. In the first eight days of October, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in all the months throughout the year.

October 9: Gold and Silver Hold Yesterday’s Gains While Dow Drops 2%

Gold climbed $10.56 to $1233.06 by a little after 8AM EST before it chopped back lower in New York, but it still ended with a gain of 0.1%. Silver slipped back to $17.329 in the last hour of trade before it edged back higher, but it still ended with a loss of 0.29%.

An open letter to the mining industry

Below is a letter I plan to send to each producing mining company and precious metals mutual fund that I own personally. Gold and silver prices have been diluted by paper contracts to the point where no money can be made producing gold and an industry loss producing silver. Years ago, Rob McEwen of Goldcorp decided to withhold the sale of gold production to be held in their treasury until prices were higher. THIS is exactly what needs to be done now as a counterbalance to the unbacked paper contracts being sold to depress prices. The COMEX and naked shorts need to be starved for metal, the strong demand is doing this slowly while the mining industry could do this very quickly.

Fortuna Reports Production of 1.8 Million Ounces of Silver and 9,751 Ounces of Gold for Third Quarter 2014

Fortuna Silver Mines Inc. (FSM) (FVI.TO) (FVI) (F4S.F) today announces production figures from its two underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the third quarter of 2014, the company delivered 1.8 million ounces of silver, 9,751 ounces of gold plus base metal by-products. Year to date, the company has delivered 5 million ounces of silver and 26,420 ounces of gold. With current production results, silver and gold productions should exceed annual guidance by 9 percent and 8 percent respectively.

Silver Market Morning

The gold price closed at $1,222.50 up $11.90 since yesterday. Asia followed through on the rise to take it up to $1,227 once again. London held it at higher levels. The euro continued to recover and stood at $1.2760, up a full cent on yesterday. The gold price was Fixed at $1,227.50 up $7.50 and in the euro at €961.991 down €1.522, while the euro stood at $1.2760. Ahead of New York’s opening, gold was trading at $1,227.60 and in the euro at €962.14.

October 8: Gold and Silver Gain About 1% While Miners Surge 7%

Gold climbed $9.82 to $1220.42 at about 5:30AM EST before it fell back to $1205.12 by early afternoon in New York, but it then shot back higher after the release of today’s fed minutes and ended with a gain of 0.98%. Silver rose to $17.471 before it slipped back to $17.062, but it then bounced back higher in the last couple of hours of trade and ended with a gain of 1.22%.

David Morgan's Secret to Being Grateful, Even at $17 Silver

Manipulation and apathy can't keep silver prices down forever; there is too much demand and too much money sitting on the sidelines. In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life.

$0 Silver: The Price Point of Liberty

A few years ago when silver was approaching the magical $50 resistance point, I wrote an article claiming $50 silver as the Price Point of Liberty. Today I realize their are two price points of Liberty, $50 and somewhere before the price of silver reaches $0. Range limited, managed silver prices have been kept below $50 since 1980, regardless of inflation or the asymptotic decline in silver production and the drastic decline in production grams-per-ton and the exorbitant increase in national debt.

Silver Market Morning

The gold price closed at $1,210.60 down nearly $7 since last Monday. We missed a fall to the third bottom at below $1,180/90 during the week of our absence. But Asia followed on with the recovery rising to $1,218 in Asia and early London. This level takes it back to where it was a week ago. The euro has fallen during the week to $1.2645 only 0.0036 lower, despite efforts by the Bundesbank to hold it higher, going against E.C.B. wishes. The gold price was Fixed at $1,220 and in the euro at €963.513, while the euro stood at $1.2662. Ahead of New York’s opening, gold was trading at $1,217.60 and in the euro at €961.69.

October 7: Gold Gains While Silver Slips With Stocks

Gold climbed $5.51 to $1212.51 in Asia before it dropped back to $1203.61 in London, but it then rose to a new session high of $1212.95 in New York and ended with a gain of 0.3%. Silver gained $0.31 to $17.62 in Asia, but it then fell to as low as $17.121 in New York and ended with a loss of 0.69%.

Silver arbitrage?

Silver closed last week under $17 for the first time in 4 years. Maybe we have in store another "event" like 2008, 2011 or 2013 where the "price" gets forced down which explodes demand to a point where shortages again show up? I have written several times before how a shortage should never ever show up in any real market if prices crash because of "selling". If real silver were in fact being sold then the market would be awash in silver and no shortage could exist. ...The last 3 episodes there were severe shortages which is your proof that it was not in fact real metal being sold, only paper contracts representing metal, this logic is not arguable.

October 6: Gold Gains Over 1% and Silver Surges Nearly 3%

Gold dropped down to $1183.14 at the open of trade last night, but it then rallied back higher for most of the rest of the day and ended near its late session high of $1208.79 with a gain of 1.28%. Silver rose to as high as $17.361 and with a gain of 2.97%.

October 3: Gold and Silver Fall Over 2% and 4% on the Week

Gold fell $23.77 to as low as $1190.03 by early afternoon in New York before it bounced back higher at times, but it still ended with a loss of 1.81%. Silver slipped to as low as $16.73 and ended with a loss of 1.7%.

Market Report: Failing economies and the quarter-end

Precious metals have faced adverse weather as evidence mounts that major economies may be sliding into recession.

October 2: Gold and Silver End Slightly Lower

Gold climbed $7.32 to $1221.92 in early Asian trade before it fell back to $1209.75 by a little after 8AM EST, but it then bounced back higher in New York and ended with a loss of just 0.07%. Silver slipped to as low as $16.971 and ended with a loss of 0.47%.

Gold to Silver Ratio - Sentiment

The gold to silver ratio (GSR) acts like a sentiment indicator. When the GSR is low both gold and silver are usually running upward and strong. When the ratio is high, like now (Sept. 30, 2014), gold and especially silver are priced low and disinterest is nearly universal.

Santacruz Silver Closes US$28.4M Funding

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that it has finalized and closed the US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC ("the Agreement") previously announced on September 18, 2014. The funds will be used to advance the development of the Company's second project, San Felipe, in Sonora State, Mexico.

Q2 2014 Primary Silver Miner Update: Increased Production… Falling Profits

The Primary Silver Mining Industry continues to suffer from manipulated low metal prices. Although, the prices of the precious metals finally turned around and are trading higher today as the broader markets get hammered — a welcome change.

U.S. MINT SILVER EAGLES: Record Demand On Manipulated Low Paper Price

Investors snatched up a record number of Silver Eagles as the paper price was manipulated to new lows today. This is a very strange market phenomenon, as several “Official” analysts forecasted a drop or sell-off of physical metal if the price continued to decline.

Indian Silver Imports on Pace for New Record in 2013

If the present trend of large monthly silver imports continues, Indian may be setting up for a record year in 2013. According to industry sources, Indian has already imported 2,400 tonnes of silver in the first 5 months of 2013 compared to 1,900 tonnes for the entire year in 2012.

5 CHARTS: The Real Story Behind Silver

As the world continues down the road of self-destruction via its highly leveraged paper financial markets, there's a much more fascinating story worth looking at. Hidden from the majority of the public and misunderstood by many of the so-called professional metal analysts, is the Real Story Behind Silver.

Swap Dealers ‘Goal Line Stand’ for COMEX Silver Futures in Jeopardy, Squeeze Very Possible Now

A sure-enough short squeeze might be developing in the volatile silver market. We attempt to identify who, or rather which class of futures trader, might be squeezed in this brief offering.

New 'LBMA Silver Price' - Still Not Transparent

Overnight, silver and gold in singapore were flat as they were in London prior and after the new ‘LBMA silver price’. Futures trading volume has picked up and was about average for the past 100 days this morning. Gold and silver remain in very tight ranges which usually precedes a sharp move higher or lower. Given the poor economic data recently and geopolitical backdrop we expect gold and silver to break higher in the coming days as we enter the seasonal sweet spot for gold and silver.

Correcting Antal Fekete’s Historical Silver Errors

In “The Double Whammy of Geopolitical Gold Games reposted in February 2013 (from January 31, 2008) by Antal Fekete http://www.24hgold.com/english/news-gold-silver he stated some errors of fact! Marco Polo, guide us on this excursion to China! Bruce Lee, help our reflexes to be as fast as yours! May we not be slap happy like Jackie Chan! Wo Fat, do not mislead us!

Latest U.S. Mint Silver Eagle Sales Data

April, 2013: 3,232,000 Ounces 2013 JANUARY-APRIL Totals: 17,455,000 ounces 2012 JANUARY-APRIL Totals: 11,659,000 ounces 2013 vs 2012 YTD: +5,796,000 ounces

SilverStrategies' Sean Rakhimov Advises Diversity

It's these times—volatile markets that shake you to your core—when you truly learn what kind of investor you are, says Sean Rakhimov, the founder of SilverStrategies. The investors who face these testing times, never forgetting why they sunk their funds into precious metals in the first place, are soon to be rewarded, according to Rakhimov. In this interview with The Gold Report, Rakhimov explains why he believes that investors who haven't been shaken out of stocks yet will be able to cash in on a "triple" headed to the silver sector.

Silver, Gold and S&P: Trend Change Due

The year 2013 was a great year for the S&P and a terrible year for silver and gold investors. There are many indications that it is time for a reversal.

Has key to silver ‘bet’ finally changed?

Regarding the question of current and near-future prices of precious metals, it occurs to me that we might be in the midst of a revealing test. Are prices now - finally - “breaking out” and heading skyward? Or: Are the Powers That Be still in control and easily able to cap prices wherever and whenever they like?

Why silver’s outperforming gold and isn’t done yet

Silver has quietly scored double the percentage gains of gold this month, and prices for silver probably haven’t topped out for the year. “The real value of silver is far from being realized,” said Andrew Chanin, chief executive officer of PureFunds, which offers the PureFunds ISE Junior Silver ETF.

Gold, Silver, Fish Lines, and Rhino Horns

Buy fish line patterns, sell rhino horn patterns, and trust that politicians and bankers will continue to borrow and spend money that must be “printed” in ever-increasing quantities. Example: Official national debt increased by $1,013,588,000,000 in the one year from Sept. 23, 2013 to Sept. 22, 2014.

Fire, Water...and the "4 G's"

I have thought about writing this type of piece many times before but have only touched on the subject several times. I had decided in the past not to venture forth because I was afraid that what I wrote might be perceived incorrectly and turn readers off to my main message of protecting themselves financially. What I am about to write assumes we will have at least a short period of time where life goes back if not 150 years, but maybe to "caveman days".

The Silver Saga

The silver standard did not die a natural death. It was deliberately killed. A proper search for the assassins was never carried out. There was never a post-mortem. In this paper we focus on the conspiracy as it might have unfolded between the two dates: April 9, 1865 (the day General Lee of the Confederacy surrendered at Appomattox to General Grant of the Union marking the end of the War Between the States) and January 1, 1879 (Resumption Day, when payment of the victorious Union’s currency, the greenback was resumed in gold specie ̶ but not in silver).

The Silver Series: Silver as an Investment (Part 3)

Silver has had double digit gains in 7 of the last 10 years. In this infographic, we look at the investment properties of silver as well as its chief differences with gold. Highlights include a study on silver correlation, volatility, performance against the US Dollar and money supply, and portfolio diversification.

The world’s worst ‘open secret’

In my view, the manipulation (more accurately, “suppression”) of precious metal prices is the most recognized “open secret” in markets today. That is, virtually everyone who participates in the markets that set PM prices understands - takes for granted - that prices are capped and will not be allowed to rise above a certain price point.

Silver Market Update

All the signs are that silver’s long correction is now over and that it is beginning a major uptrend. The Commercials have cleared out most of their short positions, for a massive profit of course, meaning that the slate is wiped clean for the game to start over anew. Public opinion and sentiment towards silver remains rotten, which is exactly what you expect to see at a major low, with the investing public at large, having been duly “educated” by the mainstream media, harboring a negative attitude to silver and if anything inclined to short it. Lastly, seasonal factors couldn’t be better – August and September are good months for gold which will have a positive influence on silver and September is traditionally the best month of the year for silver by far.

The Forces That Will Push Silver Over $100

There are tremendous forces at work that will push silver over $100 an ounce. Very few precious metal analysts understand all the forces that are at work. Some analysts focus on specific areas such as the gold-silver ratio and technical analysis, while others write about future investment and industrial demand. And then of course, we have the more unorthodox analysts who delve into the ongoing manipulation of gold and silver -- a realization shared by the author of this article.

Why Is The Future Silver Supply More at Risk than Gold?

The focus of the markets and the alternative media is firmly placed on the continued disintegration of the world financial system. Many believe that the collapse of the fiat monetary system along with the global banking cartel is the worst possible outcome. However, this may actually turn out to be the good news in a sea of bad news that is lurking around the corner.

Silver: Supply and Demand Part 2, Investment Demand

This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand.

Silver – Keep It Simple!

Nixon dropped the link between the dollar and gold in 1971. Thereafter, the money supply rapidly expanded, consumer price inflation went wild, and both silver and gold increased in price by over a factor of 20 in early 1980.

US Mint to limit purchases of "America the Beautiful" silver coins

The U.S. Mint will limit dealers' purchases of its "America the Beautiful" five-ounce silver bullion coins when they go on sale next week because strong demand exceeds the mint's inventory.

Rainmaking with Silver

This method of cloud seeding has proven effective in the Snowy Mountains of Australia and the Sierra Nevada in the United States. By increasing winter snowpack in agricultural regions that experience droughts in the summer, it is possible to feed rivers for a longer period of time than if no cloud seeding was done. Check out this fascinating look at weather modification using silver as a nucleation agent for rainfall.

Silver: The Noise is Deafening!

The weak prices for silver and gold during the past three years are a correction to the massive run-up in prices from October 2008 – mid 2011. During that time silver increased from a low of $8.53 to a high of nearly $50.00. Gold increased from a low under $700 to a high over $1,900. They have been correcting since then. The correction is, I expect, over – FINALLY.

Silver's Ultimate Rally: When Paper Assets Collapse

The relationship between the Dow and silver has been very consistent during the last 100 years. After each of the major Dow peaks (real, not necessarily nominal peaks), we eventually had a major bottom in silver.

Gold's Little Brother Is Talking

Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold.

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

Silver Price Projection – for 2013

An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce (current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975.

COMEX Silver Inventory Update: +1,534,729.460 ounces

COMEX Silver Inventory Update: +1,534,729.460 ounces

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