• Gold: 1,177.09 1.36
  • Silver: 16.73 0.05
  • Euro: 1.065 -0.001
  • USDX: 100.77 0
  • Oil: 51.73 0.79

December 2: Gold Dips But Silver And Miners Gain on the Week

7 hours 30 min ago

Gold gained $7.20 to $1177.90 in Asia before it dropped back to $1166.88 after this morning’s jobs report was released, but it then jumped back up to $1177.76 by midmorning and ended with a gain of 0.43%. Silver rose to as high as $16.802 and ended with a gain of 1.09%.

Jeff Nielson: Single Digit Silver, Confiscation, Golden Black Market

The past several months there have been comments from various sources calling for the bottom in gold and silver. There have been a couple of people that stated this is not the case. One of those people is Jeff Nielson, Bullion Bulls Canada and writer for Sprott Money. Jeff, beginning in February, has gone so far as to call the upswing in silver, in particular, as well as gold as being a “fake rally”.

June 3: Gold and Silver Soar Higher After Jobs Report

Gold jumped about $30 higher after the release of this morning’s jobs data and remained near that level for the rest of the day. Silver surged to as high as $16.441 and ended with a gain of 2.5%.

Silver Bullion – Perfect Storm Brewing in the Physical Market

Let’s review some of what we know to be absolute facts regarding physical silver in 2015-2016 and beyond. China and India both have massive solar energy programs for each country – which requires, literally, tons of silver China alone will produce over 100GW (gigawatts) of solar power by 2020 (they are currently way ahead of this deadline and may increase the amount of solar power they produce) – this will power some 300 million homes (100 million U.S. equivalent) Morocco has plans to energize over 1 million households with solar power by 2018

June 2: Gold and Silver End Mixed Before Jobs Day

Gold edged up to $1217.62 in Asia before it chopped back down to $1209.83 by late morning in New York and then rebounded, but it still ended with a loss of 0.21%. Silver slipped to $15.936 in early New York trade, but it then bounced back higher into the close and ended with a gain of 0.13%.

Golden Arrow Initiates Next Phase of Drilling in Pre-Development Program at Chinchillas Silver Project, Argentina

Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce that it has commenced a 6,500 metre Phase VI drilling and exploration program at the Chinchillas silver project in Jujuy Province, Argentina. The drill program will focus on exploration and condemnation drill holes, as well as infill holes as necessary.

Global mints report record silver coin sales for 2015

Gold coin sales register fifth best year since 2002, 30% increase over 2014Global investors snapped up a record 89.6 million one ounce silver coins...

May 31: Gold Gains While Silver Slips With Stocks

Gold fell almost 1% to $1200.31 in Asia on Monday, but it then bounced back to as high as $1218.21 in New York today and ended with a gain of 0.40% from Friday’s close. Silver dropped to as low as $15.871 in holiday thinned trade yesterday before it climbed back towards unchanged in Asia today, but it then drifted back lower in London and New York and ended with a loss of 1.36%.

May 27: Gold and Silver Fall About 3% and 2% on the Week

Gold initially eased overnight losses and edged up to $1223.34 in late Asian trade, but it then chopped back lower in London and New York and ended with a loss of 0.77%. Silver slipped to as low as $16.131 and ended with a loss of 0.74%.

Market Report: PMs consolidating further

It is a continuation of the previous week’s trend, which saw larger falls. To date, from 1st January the dollar price of gold this morning in early European trade is up 15.14%, and silver 17.7%. So even though prices have fallen this month, holders of precious metals have done better than those exposed to other asset classes.

John Embry: Explosive Move In Silver Will Dwarf Silver’s Move In The Late 1970’s

Meanwhile, the precious metals sector has sprung back to life after a 5-year period of an unabated manipulated price-thrashing of gold and silver. Despite Goldman Sach’s incessant plea for $800 gold, the yellow dog ran from $1050 in mid-December to just over $1300 by the end of April. A 24% rise in 4 1/2 months. In the same period of time, silver ran up nearly 31%. The mining stocks, per the HUI index, ran up just over 130% since January 19. If the general stock market or any of the fast-moving sectors made moves like this, the meat with mouths on CNBC etc would be doing naked cartwheels on air every morning.

Silver Market Morning: May-27-2016 -- Silver waiting for Yellen!

Today sees Janet Yellen feature as she speaks in public on the Fed’s view on the economy and interest rates. The data coming out of the U.S. is now positive on the economy and jobs front, so the likelihood of a rate rise at the next, June, FOMC meeting looks like seeing the Fed rates rise a 0.25%. We expect her comments today may well indicate that a rate rise is close, placing speculative pressure on gold and silver. As we said yesterday, before that meeting we expect all markets to factor is the expected rise. This may well place downward pressure on the gold price again. However, we will be listening to see if she mentions the dollar or the global economy.

May 26: Gold and Silver Trade Mixed With Stocks

Gold popped up to $1233.80 in early Asian trade and held higher in London before it fell back to $1218.34 in early afternoon New York trade, but it then bounced back higher into the close and ended with a loss of just 0.37%. Silver rose to as high as $16.557 before it dropped back to $16.268, but it then edged back higher in late trade and ended with a gain of 0.12%.

Miner Sees Silver Price Surging Ninefold as Global Gadgets Boom - First Majestic CEO sees $20 Silver by Year End

“For an electronics manufacturer to come directly to us -- that tells me something is changing in the market,” said Keith Neumeyer, chief executive officer of First Majestic, the top stock in Canada and among its global peers this year. “I think we’ll see three-digit silver,” he said, predicting the metal could surge to $140 an ounce by as early as 2019.

May 25: Gold and Silver End Mixed While Miners Gain With Stocks

Gold fell $10.15 to $1217.85 at about 9:45 AM EST before it bounced back higher into the close, but it still ended with a loss of 0.31%. Silver slipped to $16.20 in London, but it then rose to as high as $16.355 in New York and ended with a gain of 0.43%.

May 24: Gold and Silver Fall About 2% and 1% While Stocks Rise

Gold fell throughout most of world trade and ended near its late session low of $1227.55 with a loss of 1.73%. Silver slipped to as low as $16.199 and ended with a loss of 1.04%.

Silver Market Morning: May-24-2016 -- B o J warns on Yen intervention!

Once again the gold price remains relatively steady with exchange rates of the different currencies changing the price of gold in those currencies. Japan has issued a warning that if the yen moves 5 yean either way, the Bank of Japan will move in to intervene. To us this signifies the discarding of the commitment not to use devaluations to improve international competitiveness. The currency ‘war’ is on again, as each nation looks after its own interests. The Yuan continues to modestly fall with small corrections. It is a carefully managed devaluation done in a way so as not to disturb the markets. We expect the E.C.B. to lose any remaining inhibitions on taking similar action to lower the euro.

Hecla to Acquire Mines Management

SPOKANE, Wash., May 24, 2016 (GLOBE NEWSWIRE) -- Mines Management, Inc. (NYSE MKT: MGN, TSX: MGT) (Mines Management) and Hecla Mining Company (NYSE:HL) (Hecla) today announced a merger agreement with Hecla acquiring Mines Management. In the proposed merger, each outstanding common share[1] of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies' 10 day VWAP (Volume Weighted Average Price) on May 20, 2016. The transaction is expected to close in the third quarter, 2016. The transaction is subject to approval by Mines Management shareholders and other closing conditions.

May 23: Gold and Silver End Slightly Lower With Stocks, Dollar, and Oil

Gold fell $8.92 to $1243.58 at about 9:30AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.23%. Silver slipped to as low as $16.311 in Asia before it also rallied back higher, but it still ended with a loss of 0.67%.

Silver Market Morning: May-23-2016 -- Fed concerned Yen intervention, wants weaker dollar!

The G-7 meeting failed to produce a statement on currency intervention, leading to the conclusion that the previous statement from the G-7 on this subject has been silently discarded. The warning from the U.S. against a Japanese intervention in the Yen exchange rate emphasizes that there is friction on this subject between the U.S. and Japan. The U.S. Treasury and Fed do not want to see an appreciating dollar, a policy that was reinforced by such a statement. This implies, once again, not just the end to a dollar bull market, but a preference for a weaker dollar. Exchange rate friction is the first signal of a move towards protectionism. The imposition of huge tariff increases on steel into the U.S. reinforced this thought. We expect this to be a growing trend leading to division amongst trade blocs.

May 20: Gold and Silver Fall About 2% and 3% on the Week

Gold edged up to $1259.85 by a little after 9AM EST before it dropped back to $1249.05 in the next few hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.16%. Silver climbed to $16.647 before it fell back to $16.418, but it then rallied back higher into the close and ended with a gain of 0.18%.

Market Report: Interest rate scare

Having been massively overbought in the futures market, it is hardly surprising that a correction of some sort has occurred. The correction was given added impetus when the Fed’s FOMC minutes were released, which caught complacent markets on the hop. It was generally expected that there would be no rise in interest rates following the June meeting, but these minutes were more hawkish. So much so, that unless there is a definite turn for the worse in the economy, it appears that the Fed funds rate will be raised in June, by one quarter of one per cent.

Silver Market Morning: May-20-2016 -- Fed concerned about the Chinese Yuan!

With such small moves overnight all global gold markets recorded prices moving only slightly. No conclusions can be drawn from their moves against each other, right now. The gold price reacted to the stronger dollar while the Chinese Yuan stabilized at slightly higher levels against the dollar. What we find of note is that in the Fed minutes concerned was expressed, “because of unanticipated developments associated with China’s management of its exchange rate.” No such concern was expressed by the moves of the euro or the Yen. Why?

May 19: Gold and Silver Fall With Stocks and Oil

Gold fell $12.43 to $1244.87 at about 9AM EST before it rallied back higher for most of the rest of trade, but it still ended with a loss of 0.21%. Silver slipped to as low as $16.332 and ended with a loss of 2.14%.

May 18: Gold and Silver Fall Roughly 2% After Fed Minutes

Gold dropped $11.36 to $1267.64 at about 9AM EST before it bounced back higher into midday, but it then fell back off again after the release of FOMC Minutes from the fed’s April meeting and the yellow metal closed with a loss of 1.7%. Silver slipped to as low as $16.78 and ended with a loss of 2.26%.

Silver Price Forecast 2016: Massive Silver Rally During The Coming US Dollar Index Crash

I have written extensively about how the current silver bull market is similar to the 70s. Despite these similarities, silver will (ultimately) perform much better than during the 70s. The fractal analysis of the US Dollar Index (below) shows some more similarities and differences between the 70s era and now. I believe that these further supports the expectation that silver will perform much better than it did during the 70s.

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.

The Silver Manipulation Con Continues at the Highest Levels of Government

The US Mint is not a very good liar. They are manipulating their sales data to stifle silver investor sentiment. My fight with the US Mint goes back 7 years. I wrote them in June 2008 to point out that stopping production of the US Silver Eagles was AGAINST THE LAW because the law required them to produce SAE's "in quantities sufficient to meet public demand." Since that time, and through my continual pestering over the years, they CHANGED THE LAW to make the US Treasury Secretary the one who decides if the coins are being produced to meet demand and only he has the power to stop or limit production.

Investment Silver Demand Draining COMEX Vaults

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.

Leaving the Information Grid

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Silver and Gold: The Triumph of Experience over Hope

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

The EPA's Polluted River

The U.S. Environmental Protection Agency's massive spill of arsenic-laden contaminants into Colorado's Animas River (literally, from the Spanish, River of Souls) a week ago has all the makings of a slow-speed softball pitched at this relentless critic of EPA's hubris, bullying and unscientific bullshite.

Desolation Row: the Silver Market

Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now. The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.

Silver Cycle Low - Now

The price of silver has been crushed during the last four years. Prices are ready to reverse. We will know soon enough after the High-Frequency-Traders have their way with prices for paper silver and gold on the CME.

China chooses her weapons

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

August 21: Gold Gains Almost 4% on the Week While Stocks Drop Roughly 6%

Gold gained $15.42 to $1167.42 in Asia before it fell all the way back to $1149.00 in London, but it then rose to as high as $1161.67 in New York and ended with a gain of 0.64%. Silver slipped to as low as $15.14 and ended with a loss of 1.29%.

Silver And The Petrodollar

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.

Gold and Silver: Heading for a “Blue Screen of Death” Event?

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.

The Risky Investment that Could Make You Millions in the Next Financial Crisis

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money.

Yes, Gold is a Barbarous Relic...SO SWAP IT ALL FOR SILVER!

I know that you have a few gold coins in your safe. I know you think it's good for your diversification but NOW is the time to think differently. Now is not the time for diversification. Now is the time to SAVE your wealth and gold doubling or tripling over the next few years is NOT going to save you.

Silver Market Morning

On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80.

The danger of eliminating cash

In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it.

Silver and S.M.S.

Silver prices have been crushed for over 4 years, especially in the paper futures markets. The predictable result has been reduced interest in real money – silver and gold. The media is more focused on Donald Trump, Caitlyn Jenner, and Hillary’s emails – not the reality of exponentially increasing debt, out-of-control spending, failed economic policies, and expensive wars.

You think premiums are big now???

Premiums on silver over the past weeks have exploded! Generally speaking, 10-25%+ seems to be the norm and anywhere from two - six weeks delay for delivery. We have talked about the dichotomy between silver being panic "sold" and "shortages" occurring simultaneously. In a free market, this is an impossibility.

Silver Market Morning

On Friday New York closed at $1,122.10 down $3.30. The dollar was weaker at $1.1162 down from $1.1142 at the close, against the euro, with the dollar Index slightly weaker at 96.28 down from 96.34. The LBMA gold price was set at $1,121.00 down $4.00 from Friday. The euro equivalent was €1,004.21 down €5.80. At 12.00 hrs London time, gold was trading at $1,121.00 and in the euro at €1,005.52.

Silver and Deflation

How does silver perform during deflation? Which is better during a deflation – silver or gold? The answers will depend on quite a few things as well as what definition of deflation one uses.

The Massive Debt Bubble Will Push Silver Prices Much Higher

Silver had a spectacular rise in price from about August 2010 to April 2011. In fact, it was so impressive that some thought the peak was the end of the bull market for silver. After all, silver had risen about 12.33 times from its bottom in 2001.

Why Silver Premiums Are so High Right Now and How One Might Take Advantage of It?

In this article, I will explain first how and why silver bullion premiums have aggressively increased since the middle of summer 2015 AND how and what I am doing to take advantage of the current premiums via a bullion form sell and buy arbitrage.

Silver: Victim of Motive, Means, and Opportunity

Silver gets little respect, but that is sensible in a world dominated by paper assets and pretend values. Similar to a murder investigation, let’s examine the motive, means and opportunity used to “manage” silver prices.

Silver Market Morning: Sept-29-2015

What we are seeing now is a set of global markets fearful of a breakdown in prices. As prices fall, not just in commodities, but equity markets, we become very aware of the massive levels of debt that is sitting in the hands of individuals, corporates, governments’ et al. Because of this we see occasional collapses of value as this becomes recognized. Glencore, the mining giant and broker has seen its share prices buckle in Australia today. With debt twice the level of its market capitalization, their situation well expresses the fears sensitizing the markets at all levels. The commodities sector does not look as though it is going to recover for a very long time. This includes U.S. oil companies trying to persuade their regulators that their debt levels are sustainable as oil prices could fall further.

Silver-coin shortage shows bright side of precious metal collapse

The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand.

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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