• Gold: 1,298.08 -6.80
  • Silver: 20.80 -0.12
  • Euro: 1.346 -0.000
  • USDX: 80.826 0.013
  • Oil: 103.13 -0.16

July 23: Gold and Silver End Slightly Lower

8 hours 3 min ago

Gold edged up to $1311.11 at about 8:30AM EST before it chopped back down to $1303.16 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.12%. Silver spiked up to $21.045 before it dropped down to $20.896 and then also rebounded, but it still ended with a loss of 0.1%.

Silver Market Morning - 14 hours 56 min ago

Calling Rush Limbaugh - 1 day 13 hours ago

Silver Market Morning - 1 day 15 hours ago

SilverCrest Closes $23,023,000 Prospectus Offering, Over-Allotment Option Exercised in Full

SilverCrest Mines Inc. (the "Company") (SVL.TO)(NYSE MKT:SVLC) is pleased to announce the completion of its prospectus offering announced on February 19, 2014 whereby the Company issued a total of 8,855,000 common shares at a price of $2.60 per common share for gross proceeds of $23,023,000, including exercise of the over-allotment option in full. The offering was led by Dundee Securities Ltd., and included National Bank Financial Inc., Raymond James Ltd. and PI Financial Corp. as underwriters.

Silver Market Morning

The New York gold price closed at $1,367.10 up $20.10 on Wednesday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,371.00 up $16.25. In the euro, it Fixed at €982.303 up €4.834 as the dollar continued to weaken at $1.3957. Ahead of the opening in New York gold stood at $1,369.00 and in the euro at €981.05.

March 12: Gold and Silver Gain Over 1% and 2%

Gold climbed to as high as $1370.66 by early afternoon in New York before it fell back off a bit into the close, but it still ended with a gain of 1.49%. Silver surged to as high as $21.396 and ended with a gain of 2.26%.

Silver Market Morning

The New York gold price closed at $1,347.00 up $7.10 cents on Tuesday in New York. Asia made it jump $10 ahead of London’s opening to $1,360. The gold price was Fixed in London at $1,355.75 up $7.75. In the euro, it Fixed at €977.469 up €3.903 as the dollar stood at $1.3870 slightly weaker. Ahead of the opening in New York gold stood at $1,359.00 and in the euro at €979.60.

How much longer can the game go on?

U.S. Mint Silver Eagles sales are simply going berserk, as we wrote about last week in "silver anniversary," and global gold demand has started the year even stronger than last year's record-shattering levels. Currencies are crashing, economic data plummetting, and there are real worries that China could be headed for a catastropic real estate and financing crash.

March 11: Gold Gains While Stocks Slump

Gold climbed $12.55 to $1352.45 in London before it dropped back to $1337.90 just before noon EST, but it then bounced back higher in early afternoon New York trade and ended with a gain of 0.53%. Silver rose to as high as $21.309 before it dropped back to $20.662 and then also bounced back higher, but it still ended at unchanged on the day.

Santacruz Silver Mining Closes $10,750,000 Bought Deal Common Share Financing

Santacruz Silver Mining Ltd. (TSXV:SCZ) ("Santacruz Silver" or the "Company") is pleased to announce the closing of its prospectus offering announced on February 12, 2014 (the "Offering") through a syndicate of underwriters led by Canaccord Genuity Corp. ("Canaccord") and including Raymond James Ltd. (together, the "Underwriters"). The Company issued 10,750,000 common shares (the "Common Shares") at a price of $1.00 per Common Share for gross proceeds of $10,750,000. The Underwriters received a cash fee equal to 6% of the gross proceeds of the Offering, as well as 645,000 warrants, each of which is exercisable to purchase one Common Share for a price of $1.00 for a period of 24 months. Canaccord was also issued an additional 100,000 Common Shares as a corporate finance fee.

Silver Market Morning

The New York gold price closed at $1,339.90 up 70 cents on Monday in New York. Asia saw it rise ahead of London’s opening to $1,342. The gold price was Fixed in London at $1,348.00 up $13.75. In the euro, it Fixed at €973.566 up €12.014 as the dollar stood at $1.3846 slightly stronger. Ahead of the opening in New York gold stood at $1,350.00 and in the euro at €974.66.

March 10: Gold and Silver End Near Unchanged in Mixed Trade

Gold fell almost $10 to $1329.67 in Asia before it climbed up to $1344.46 at about 11AM EST and then fell back off into the close, but it still ended with a gain of 0.05%. Silver slipped to $20.627 before it rallied back to $21.036, but it then fell back off in late trade and ended with a loss of 0.38%.

Gold & Silver Trading Alert: Silver below $21

Silver also moved lower – in fact, most decisively in the whole sector. It is now well below the 2008 high and it was the second weekly close below it. Silver is currently below the $21 level. For the bearish outlook to be confirmed (and for us to increase the size of the short position in silver), we would like to see a move below the rising long-term support lines – marked in black and grey on the above chart. They are close to where silver is now, so we may see further deterioration relatively soon.

Micro to Macro Chartology: In Support of Silver

In this Weekend Report I want to take a good hard look at silver which has been the laggard in the precious metals complex to see if there is something technically wrong. If you been following the precious metals complex for any length of time you’ll know that silver can be contrarian at times. It likes to start out slow and then once gold begins to pickup the pace then silver will play catchup. Once silver gets ready to move it can rally hard and fast catching up to gold and surpassing in on a percentage basis. So far since the December low silver is playing its game of Opossum by looking weak and not confirming the move in gold or the precious metals stocks. I think this is a deceptive look on silver right now.

Fortuna Drills 2.8 kg/t Ag and 14.5 g/t Au Over a True Thickness of 4.2 m at Trinidad North Discovery, San Jose Mine, Mexico

Fortuna Silver Mines Inc. (FVI.TO)(FSM)(FVI.TO)(F4S.F) is pleased to announce new results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in January and February of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 200 meter strike extension of the Trinidad system and generally outside of the limits of the existing Inferred Resources.

Silver Market Morning

The New York gold price closed at $1,339.20 down $11.10 on Friday in New York. Asia saw it slip ahead of London’s opening to $1,332. The gold price was Fixed in London at $1,334.25 down $14.00. In the euro, it Fixed at €961.552 down €9.67 as the dollar stood at $1.3876 slightly stronger. Ahead of the opening in New York gold stood at $1,339.00 and in the euro at €965.11.

March 7: Gold and Silver End Mixed on the Week

Gold edged down to $1346.45 in Asia before it rebounded to $1352.69 at about 8:20AM EST and then dropped back to as low as $1329.28 after this morning’s jobs report was released, but it then rallied back higher in the last four and a half hours of trade and ended with a loss of just 0.82%. Silver slumped to as low $20.769 before it also rallied back higher, but is still ended with a loss of 2.7%.

Gold challenges $1350

From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday. On Thursday afternoon (GMT) gold rallied back to challenge the $1350 level. This morning (Friday) it is in the balance as to whether or not gold will need more consolidation before moving on towards $1400, with everyone watching out for US employment numbers.

Silver Market Morning

The New York gold price closed at $1,350.30 up$12.90 on Thursday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,348.25 up $14.75. In the euro, it Fixed at €971.222 down €0.717, barely changed again, as the dollar stood at $1.3887 over 1% weaker. Ahead of the opening in New York gold stood at $1,348.40 and in the euro at €970.91.

March 6: Gold and Silver Gain About 1%

Gold dropped $6.04 to $1331.36 in Asia, but it then rose to as high as $1353.07 in New York and ended with a gain of 0.96%. Silver surged to as high as $21.628 and ended with a gain of 1.42%.

Operation Ukraine Whitewash

Well, it appears that "Operation Ukraine Whitewash" has been a modest success; in that despite the crisis clearly escalating, global financial markets are all higher. Gold, too, is higher, but just by 1.5% since the weekend; which all things considered, is pretty good given that prices are typically ATTACKED when PM-bullish news like this emerges.

March 5: Gold and Silver End Mixed

Gold fell $2.36 to $1332.74 in late Asian trade before it rallied back to $1341.79 by early afternoon in New York, but it then fell back off into the close and ended with a gain of just 0.17%. Silver climbed to $21.314 in London, but it then fell back off in late trade and ended with a loss of 0.09%.

Silver Market Morning

The New York gold price closed at $1,335.10 down $16.30 on Tuesday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,333.50 down $6.00. In the euro, it Fixed at €971.939 down €1.96, barely changed, as the dollar stood at $1.3720, slightly stronger. Ahead of the opening in New York gold stood at $1,333.75 and in the euro at €972.22.

March 4: Gold and Silver Fall About 1%

Gold fell almost $20 to $1331.79 at about 8AM EST before it bounced back higher in New York, but it still ended with a loss of 1.21%. Silver slipped to as low as $21.045 and ended with a loss of 1.12%.

Silver Market Morning

The New York gold price closed at $1,351.40 up $26.80 on Monday in New York. Then, the Ukraine story was seen in context and gold retreated from the Ukrainian premium to $1,337 ahead of the opening in London. The gold price was Fixed in London at $1,339.5 down $4.75. In the euro, it Fixed at €973.899 down €1.68, barely changed, as the dollar stood at $1.3754, slightly stronger. Ahead of the opening in New York gold stood at $1,337.00 and in the euro at €971.34.

March 3: Gold and Silver Gain About 2% and 1%

Gold climbed $30.15 to as high as $1354.75 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 2.02%. Silver surged to as high as $21.696 and ended with a gain of 1.23%.

Silver Will Be The King Precious Metal Performer

While gold is the king monetary metal, silver will turn out to be the king precious metal performer. Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.

Catalyzing the inevitable global financial collapse

It could have been ANYTHING that commenced the inevitable global financial collapse - and end of the near-dead fiat currency regime; but as of now, Ukraine looks to be the odd-on favorite for catalyzing such. "Economic fires" are now burning everywhere - from Turkey, to Thailand, Argentina, and Venezuela. However, none of the near-term catastrophic potential of a war in a region as politically sensitive in the Far East as Jerusalem in the Middle East.

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.

Silver Manipulation - HSBC Connection To US Mint? Christian Garcia & Mike Maloney Interview

See Christian's original video here: http://www.youtube.com/watch?v=ll-9un... For more information about Gold & Silver or Mike Maloney, visit the Why Gold & Silver channel and subscribe: http://goo.gl/emXEB

14 ways manipulation could end ... but it won’t be today

In my last column, I attempted to defend my “assumption” that “manipulation is here to stay.” Today, my charge is to present several scenarios that would/could end the manipulation of precious metals.

Should we all buy silver on May 1st? Twelve reasons I say, “dang straight!”

An effort has recently been launched on the Internet to get those who believe in “real money” to buy (physical) silver on May 1st. It’s too soon to know if this grassroots’ appeal goes “viral” and makes a statement that influences not only markets, but the mainstream media and perhaps even the world.

Important Charts on Gold & Silver Eagle Sales

After record buying of Gold Eagles during the precious metal smack-down earlier this year, sales of the official coins declined significantly in August & September. However, sales have seen a substantial turn around this past month. Sales of the Gold Eagles were only 11,500 oz in August and 13,000 oz in September. The total of these two months were only half of the total amount shown in July, which recorded 50,500 oz of Gold Eagle sales.

Silver mining company says it's helpless against market manipulation

A GATA supporter wrote the other day to the investor relations officer of a silver mining company in which he is invested to complain about the company's seeming indifference to the manipulation of the monetary metals markets. He soon received this reply...

GATA's Bill Murphy & Chris Powell call out Gold and Silver Market Manipulation Conspiracy Critics

Bill Murphy & Chris Powell go in studio to talk with Lauren Lyster on CapitalAccount.

Silver & Crude: Interesting Parallels

Crude Oil bottomed (weekly data) about 12/25/1998 at $10.75. It rose erratically for several years, hit another low on 8/24/2007 at $68.70, and then rallied dramatically to an all-time high of $147.20 on 7/11/2008. Subsequently, crude collapsed to $35.35 on 12/26/2008.

I’m assuming manipulation is here to stay

For the purposes of this column I’m going to start with an assumption - not just any assumption, but a crucially important assumption; probably the only assumption that matters.

Site Visit: Santa Elena Mine, SilverCrest Mines Inc.

SilverCrest Mines Inc. (TSX-V: SVL | OTCQX: STVZF) is a Vancouver based precious metals producer and mine development company who is rapidly advancing several projects in northern Mexico. The company has grown their flagship Santa Elena Mine in Sonora from an exploration project into a producing mine, drilled out a significant resource at their nearby Cruz de Mayo property, and recently announced a large silver equivalent (Ag, Au, Cu) resource at their La Joya deposit in Durango.

Silver Bull Market 10 Year Review

Silver to Gold Ratio Today: 54:1 Silver to Gold Ratio Ten Years ago: 80:1 Silver to Gold Ratio for over 200 years: 15:1 Silver to Gold Ratio expected in the future: 10:1 or even 5:1

Silver – QE4ever, POMO4ever, Nevermore4ever

The central bankers have no rudder, adrift in a sea of fiat, taking everybody with them. Witness Cyprus and Greece being forced to walk the plank. Those who choose to stay on this Ship of Fools will suffer the same fate, even worse as the growing panic emboldens banker reactions.

Silver Market Update

The reason for posting a new Silver Market update at this juncture is that we appear to be at an optimum “buy spot”, for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.

Micro to Macro Chartology: In Support of Silver

In this Weekend Report I want to take a good hard look at silver which has been the laggard in the precious metals complex to see if there is something technically wrong. If you been following the precious metals complex for any length of time you’ll know that silver can be contrarian at times. It likes to start out slow and then once gold begins to pickup the pace then silver will play catchup. Once silver gets ready to move it can rally hard and fast catching up to gold and surpassing in on a percentage basis. So far since the December low silver is playing its game of Opossum by looking weak and not confirming the move in gold or the precious metals stocks. I think this is a deceptive look on silver right now.

The Coming Paradigm Shift in Silver

...

Silver: Supply and Demand

Ever wonder how supply and demand affects the price of silver? It's not as simple as you may think. This educational video explores the economics of silver and its various uses for industrial demand.

Silver Update

The silver chart has formed a big pennant like that of the gold chart. What this indicates is that the silver price will likely make a massive move soon. Technically, this move can be up or down. Note that this update is from my premium service originally published on 6 August 2012.

6 Myths of Inflation

1. As the currency goes down, everything else goes up at roughly the same rate. Not true. 2. The law today will be the law tomorrow during hyperinflation. Not true. 3. I'll be able to ride it out here in the back woods of Colorado or Alabama during hyperinflation. Maybe, and maybe not. 4. There is no risk of inflation when the bigger risk is deflation. Not true. 5. The dollar will not go down in value, because everyone who owes dollars has a short position on the dollar that must be covered. Not true. 6. The amount of currency must expand to have an expanding economy. Not true.

Future Silver Supply in Question as Mexico Oil Production Declines

The largest silver producing country in the world saw its oil production decline to the lowest level since 1995. Mexico who produced 162 million ounces of silver in 2012 is slated to increase this amount substantially by the end of the decade... that is, if they have the available energy to do so.

Canadian Maple Leaf Sales Beat All Records

According to the information just released by the Royal Canadian Mint, sales of Gold & Silver Maples are beating all records. Not only are Canadian Maple sales surpassing its own previous records, Gold Maple Leaf sales actually out performed U.S. Gold Eagles during the second quarter of 2013.

The VERY KEY ROUND NUMBER of 3.0%

Yesterday afternoon, a "miraculously strong" 30-year bond auction pushed the benchmark 10-year Treasury yield below the VERY KEY ROUND NUMBER of 3.0%. Never mind the FACT that the Fed monetizes at least 70% of all new issuance, or that only a lunatic would dramatically increase purchases of high duration bonds when a "very strong" NFP report was anticipated the following morning. OF COURSE it was the Fed's fear of surging rates that caused it to step in and "turbo QE" rates back down, just as it was forced to do on September 6th. On that day, yet another "weaker than anticipated" NFP report was fabricated to help them out, as was the case today.

Game On

Well, it appears to be "game on" for the final round of the financial crisis that commenced five years ago. All the world's Central banks achieved in the past five years - via unprecedented money printing, market manipulation, and propaganda - was exploding debt, inflation, political tensions, and unemployment. And now that governments' own balance sheets have been decimated by this futile cause, there is no remaining "safety net." Currencies worldwide are collapsing, like Argentine Peso and Venezuelan Bolivar - while "fragile five" currencies, like the Brazilian Real, South Africa Rand, and Turkish Lira, have started their own, likely terminal declines.

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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