• Gold: 1,207.28 -9.08
  • Silver: 17.24 -0.25
  • Euro: 1.260 -0.009
  • USDX: 86.166 0.562
  • Oil: 94.47 0.08

September 29: Gold and Silver End Slightly Lower

15 hours 25 min ago

Gold edged down to $1215.43 in Asia before it bounced back to $1223.27 in London and then fell back off again in New York, but it ended with a loss of just 0.08%. Silver slipped to as low as $17.449 and ended with a loss of 0.79%.

May 21: Gold and Silver End Slightly Lower

Gold dropped $9.85 to $1284.85 just after today’s release of FOMC Minutes, but it then bounced back higher into the close and ended with a loss of just 0.25%. Silver slipped to as low as $19.285 and ended with a loss of 0.1%.

Silver Market Morning

The gold price closed at $1,293.00 unchanged from yesterday, in New York. In Asia the price held at that level as it did in London. The gold Fixing was set at $1,292.00 up $0.50 and in the euro at €942.653 down €0.805 while the euro stood at $1.3706. Ahead of New York’s opening the gold price was at $1,293.80 and at €944.07.

A Few Reasons to Consider Buying Silver

The recent major selloffs in silver have given investors an excellent chance to accumulate a long-term position in physical holdings and silver companies. As the price has come down, I have been recommending for some time to dollar cost average and/or pyramid down into silver and silver equities. So what is the path to a surge in silver prices? My primary thesis is that the endless easy money policies from central banks around the globe have created a long-term tailwind for the various precious metals.

I give us until January 2017...

The question many of us are asking is this: When is the you-know-what (economic event) going to (finally) hit the fan? In my opinion, TSHTF Event will occur in (plus or minus a few months) January 2017. Roughly 31 months (two and a half years) from now.

May 20: Gold and Silver End Slightly Higher Again

Gold dropped down to $1286.13 at about 8:20AM EST before it jumped up to $1296.56 by midday in New York and then chopped back lower at times, but it still ended with a gain of 0.085%. Silver slipped to $19.259 before it rose to $19.455 and then also fell back off, but it still ended with a gain of 0.15%.

Silver Market Morning

The gold price closed at $1,293.1 down $2.50 on Monday, in New York. In Asia the price dropped to $1,291 ahead of London’s opening, where London held it. The gold Fixing was set at $1,291.50 down $9.50 and in the euro at €943.458 down €5.208 while the euro stood at $1.3689. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €943.45.

May 19: Gold and Silver End Slightly Higher

Gold climbed $12.03 to $1305.13 at about 8:30AM EST, but it then fell back off for most of the rest of trade and ended near its last minute low of $1292.59 with a gain of just 0.04%. Silver slipped to as low as $19.338 and ended with a gain of just 0.15%.

Time Is the Trigger for Equities and Bullion: Charles Oliver

Charles Oliver, lead portfolio manager with the Sprott Gold and Precious Minerals Fund, believes the only thing between investors and bigger investment returns on precious metals equities and bullion, especially silver, is time. In this interview with The Gold Report, Oliver discusses silver and gold demand drivers, as well as portfolio ideas that figure to get bigger with time as the trigger.

Silver Market Morning

The gold price closed at $1,293.1 down $2.50 on Friday, in New York. In Asia the price rose $3.6 ahead of London’s opening, but London took it over $1,300. The gold Fixing was set at $1,301 up $7.25 and in the euro at €948.666 up €5.493 while the euro stood at $1.3714. Ahead of New York’s opening the gold price stood at $1,300.2 and in the euro at €947.70.

May 16: Gold and Silver End Slightly Higher on the Week

Gold saw slight gains in Asia before it fell to $1291.95 at about 4AM EST and then bounced back to $1296.09 in the next four hours of trade, but it then dropped to a new session low of $1288.02 after this morning housing data and the yellow metal ended with a loss of 0.19%. Silver slipped to as low as $19.271 and ended with a loss of 0.62%.

Market Report: Firmer tone for gold and silver

This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price presumably designed to take out stop-losses.

Silver Market Morning

The gold price closed at $1,295.60 down $10.50 on Thursday, in New York. In Asia the price fell $3 ahead of London’s opening, but London held it there. The gold Fixing was set at $1,293.75 down $10.00 and in the euro at €943.173 down €10.588 while the euro stood at $1.3717. Ahead of New York’s opening the gold price stood at $1,294.60 and in the euro at €944.79.

May 15: Gold and Silver Fall About 1%

Gold edged down to $1301.44 in late Asian trade before it bounced back to $1306.36 in London and then dropped to a new session low of $1293.01 by a little after 8:30AM EST, but it then bounced back higher in late trade and ended with a loss of just 0.8%. Silver slipped to as low as $19.437 and ended with a loss of 1.47%.

Silver Market Morning

The gold price closed at $1,306.10 up $12.80 on Wednesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,303.75 up $3.50 and in the euro at €953.731 up €5.405 while the euro stood at $1.3700 weaker again. Ahead of New York’s opening the gold price stood at $1,304.20 and in the euro at €955.00.

The End (of the Silver Fix) Is Nigh

For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using their position to manipulate the price. This would seem to be confirmation of widely held longstanding belief that the markets are rigged, the long-sought smoking gun.

SilverCrest Reports Q1 2014 Financial Results

“We are pleased with the steady start to 2014, for which operating costs and production were consistent with budget, although our financial performance compared to the first quarter of 2013 was impacted by lower metal prices. Our all-in sustaining cash costs per silver equivalent ounce sold (2) at $9.71 continues to makes us one of the lowest cost precious metal producers. With the commissioning of our new 3,000 tpd mill, SilverCrest is well positioned to continue to generate strong operating cash flows in H2 2014, with continued strengthening of its cash position of $54.5 million at March 31, 2014.”

Well, well, well

Well, well, well; turns out I was right that U.S. Treasuries are being swamped by buying - and European sovereigns, too - amidst expectations of accelerated QE given plunging global economic activity. In the past two days, we have seen ZERO retail sales and a surging PPI, demonstrating stagflation at its worst; not to mention, collapsing German confidence readings and Chinese economic data. It's only a matter of time before ALL safe haven buying is not in Treasuries, but REAL MONEY.

May 14: Gold and Silver Gain About 1%

Gold climbed $15.53 to $1308.83 at about 8:25AM EST before it edged back lower in late morning New York trade, but it still ended with a gain of 0.99%. Silver surged to as high as $19.987 and ended with a gain of 1.23%.

Total Physical Silver Demand Achieves Record Level in 2013

Total physical silver demand rose by 13 percent in 2013 to an all-time high, according to “World Silver Survey 2014″, released today by the Silver Institute. This was primarily driven by the 76 percent increase in retail investment in bars and coins coupled with a sturdy recovery in jewelry and silverware fabrication. On the supply side, silver scrap fell by 24 percent, experiencing the largest drop on record to reach its lowest level since 2001. The silver price averaged $23.79 in 2013, the third highest nominal average price on record, in a particularly volatile year for the entire precious metals complex.

Historic silver price benchmark bites the dust as banks pull out

The 117-year old London silver price benchmark - or fix - will cease on Aug. 14, its operator said, as regulatory scrutiny of price-setting intensifies across markets.

Silver Fixing Company to Stop Running London Benchmark

The company that runs the London silver fixing, a benchmark dating back more than a century, will stop running the process after Deutsche Bank AG said two weeks ago that it was dropping out of the price-setting ritual.

Silver Was Not In a Bubble in 2011!

The bubble in silver and gold is coming – it did not occur in 2011.Expect stormy weather and higher silver and gold prices ahead.When?Ask the High-Frequency-Traders, JP Morgan, the Treasury department, or just wait for demand to overwhelm physical supply in the relatively near future.

Silver Market Morning

The gold price closed at $1,293.30 down $3.40 on Tuesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,300.25 up $7.50 and in the euro at €948.326 up €8.418 while the euro stood at $1.3711 nearly half a cent weaker. Ahead of New York’s opening the gold price stood at $1,301.50 and in the euro at €948.89.

First Majestic Reports First Quarter Financial Results

"After three years of aggressive capital spending to build and expand four of our silver operations, the Company is planning to take a short breather to focus on treasury growth and free cash flow. As the expansionary capital investments at both Del Toro and San Martin come to an end, we look forward to the increased production and improved efficiencies. We still have a lot of work ahead of us to accomplish our next goal of reaching 20 million ounces of production per year; however, given the low silver price environment focusing on further cost reductions and treasury growth continues to be management's top priority."

May 13: Gold and Silver End Slightly Lower

Gold dropped down to $1289.16 by a little after 7AM EST before it spiked up to $1298.42 in the next hour and a half of trade, but it then drifted back lower into the close and ended with a loss of 0.26%. Silver slipped to $19.364 before it rebounded to $19.593 and then also fell back off, but it ended with a loss of just 0.1%.

Special Got Gold Report - Large Trader Positioning in Silver Futures

As a courtesy to our blog readership and the general public we are releasing an excerpt of our recent special report to Got Gold Report Subscribers on the positioning of large traders in silver futures. GGR Subscribers received the report via email and on the private GGR welcome page on Sunday, June 16.

Silver puts in a Major Bullish Reversal Pattern on the Daily chart

The Silver ETF (SLV) put in a Major Bullish Reversal Pattern on the Daily chart, one that I would classify as an "Island Bottom". SLV is also marching toward a Major Gap fill on the Weekly chart with increasing volume.

VERY, VERY Ominous for TPTB

Gold is back above the Cartel's "Maginot Line" of $1,400; at $1,405 as I speak; yet, interest rates are NOT falling. VERY, VERY ominous for TPTB; and positive for those (rightfully) believing in REAL MONEY.

Death at Doe Run

Wallace, Idaho – While our first Affirmative Action president fiddles, Nero-like, over the smoking rubble that was the American economy, few outside of the gun-nut community – of which we are card-carrying members – noticed the newest death-rattle, this emanating from the small (pop. 3,468) town of Herculaneum, Missouri.

The Tribute the World Pays to the Empire

International monetary reserves set a new high mark early this month: they now amount to a bit more that $12,000,000,000,000 dollars. ($12 trillion dollars, when we calculate the value of all the reserves in dollars. The largest part of reserves is in dollars; the rest is split up into euros, pounds sterling, yen and Swiss francs.)

7 Reasons Why India Imports A Lot Of Silver

India is the world's largest market for silver, and it doubled the amount of silver it imported last year. Why? That's a complicated question, but here are seven factors that affect Indian demand for silver.

The Dark Side Of The Silver Mining Industry

There is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts. Actually, I haven't come across one mining analyst who puts out comprehensive data on this very subject for the silver mining industry.

Silver – Letting The Market Speak

We are not a source for or fans of endless statistics, like the number of ounces purchased from one period over another, how many ounces are...

Another Spectator Sport (besides football)

Wallace, Idaho – January brought mixed news to our beleaguered mining camp here in the (finally) snowy Coeur d'Alenes. The party ended for United Silver Corp., 80 percent owner of the Crescent silver mine located between the Sunshine and Bunker Hill, on the 9th of this month, when USC announced the appointment of an Ontario court-ordered receiver for the Vancouver-based company and resignations of the then-current board of directors.

Silver, Gold, and What Could Go Wrong

Richard Russell thinks the stock market is currently dangerous and that silver and gold are safe. He understands that gold and silver are eternal wealth with NO counter-party risk. What is counter-party risk? It is the risk that paper wealth is not real, that debts will not be paid, that dollars, yen, and euros will decline in purchasing power, that your employer will declare bankruptcy and your pension will be cut in half, that your brokerage account will be hypothecated by management, that your bank will declare bankruptcy and your deposits in that bank are unsecured liabilities of the bank and may not be paid either timely or in full. In short, there is counter-party risk in almost everything.

Gold in near-death experience on Comex

Well, it’s a bit of an exaggeration, but for the first three days of this week daily turnover in the gold future fell to about 80,000 contracts, compared with a more normal level of 120,000. At the same time volatility fell to as close to zero as you can get. The week started with the gold price at $1241 and until yesterday at 1.00pm UK time stuck to a tight range of $7 centred on $1244. Open interest picked up a little, as shown in our first chart.

Silver Market Update

The public are now extremely bearish on silver, with a widespread perception that it is “done for”, but as we will see, even if there is some further short-term weakness, the longer-term outlook for silver is very bright indeed.

Explaining My Portfolio

I have received quite a lot of questions regarding the newsletter portfolio as well as my major holdings. In this article I will try and explain some of the basic points of what my asset investments are, as well as what is and what isn’t on my watch-list. However, before I continue I would like to say to all those who subscribe and follow my portfolio: you shouldn’t do what I do. You shouldn’t listen to me or anyone else on the internet / tv / radio. There is a particular reason why I hold various assets and these reasons might not make any sense to you. You should buy and sell assets which make sense to you. Therefore, do your own research so that you can win (or lose) your own money. That is always the best way.

Poll: Is the Silver Price Manipulated?

SilverSeek.com community vote -- this poll will be open until June 3, 2012.

A Blueprint to Kill JP Morgan’s Alleged Massive Manipulative Position in the Silver Futures Market

Our mission at SmartKnowledgeU, besides helping our clients to protect and grow their wealth in the face of the criminality of the global banking cartel, has always been, since day one, to also be a spark to reinstate a sound, gold-based monetary system. Bankers have released so much propaganda and deceit regarding the inability of our current fraudulent monetary system to return to a gold-based monetary system that I have written two books to be released this month and next that refutes the banker-created drivel and propaganda regarding the inapplicability of a gold-based system.

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.

Judge throws out CFTC's position limits rule

A U.S. judge handed an 11th-hour victory to Wall Street's biggest commodity traders on Friday, knocking back tough new regulations that would have cracked down on speculation in energy, grain and metal markets.

China Silver Demand to Advance to Record on Wealth Protection

Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.

CFTC Commissioner Bart Chilton on HFT Regulations, Silver Manipulation Probe & MF Global

We talk to Bart Chilton, author of "Ponzimonium," about how the law needs to change in order to make bringing fraud charges forward, easier. One of those things is the laws and wording around "intent," something that has made prosecution and regulation much more difficult. And one place that regulation is important is in preventing, or curtailing market manipulation, specifically the manipulation of the gold and silver market. There is much speculation about the role of large bullion banks in the gold and silver market, and how they may be using large, concentrated directional positions to affect the price. There has been an ongoing CFTC investigation that Bart Chilton hopes will provide some answers for the public soon.

A New Silver Producer on the Rise

The latest price declines of gold and silver resulted in mining stocks tumbling heavily, whereas some stocks notably bottomed and started healthy rebounds most recently. Among our favorite stocks for short- and long-term recoveries is the new silver producer Santacruz Silver Mining Ltd. (TSX-V: SCZ; Frankfurt: 1SZ) which announced the start of commercial production of its 100% owned Rosario Mine in the Mexican state San Luis Potosi last week.

Gold and Silver Disaggregated COT Report (DCOT) for May 3

This week’s Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below.

The Final Currency War

The "FINAL CURRENCY WAR" is heating up; as Japan's money printing orgy is backfiring - big time. The Nikkei plunged 7.3% overnight, while 10-yr JGB's soared pushed above the BOJ's 1% "Maginot Line." Global equities are falling sharply; but of course "the buck stops" with the U.S. - care of the PPT.

Silver Aiding New Medical Technologies

Recent advances in biotechnology have brought a focus on silver's centuries-old role in medicine; that of acting as an important weapon in the fight against infection and disease. Silver is a critical element in bandages used to treat wounds and reduce the threat of infections in difficult environments. It has also been a key component of treatment in hospitals to reduce the spread of surgical infections in the operating room and in patient care areas.

When? When? When?

Money printing is out of control by government, $1 trillion more in spending per year that they don't have, that's $1000 billion. There is no political will to stop the spending. Tea party Republicans are a tiny minority, and often cave in for small victories, rather than really hold the line on spending.

Silver Market Morning

New York closed at $1,371.30 down $4.70. Asia took it down to $1,363 ahead of London’s opening but then London pulled it back to $1,365 before it Fixed in London at $1,360.00 down $5.75 and in the euro at €1,015.380 down nearly €5.00. Ahead of New York’s opening gold was at $1,363.5 and in the euro at €1,017.08.

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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