• Gold: 1,322.23 -0.42
  • Silver: 19.61 -0.02
  • Euro: 1.097 0.000
  • USDX: 97.467 0.522
  • Oil: 44.21 -0.44

July 22: Gold and Silver End Slightly Lower on the Week

14 hours 42 min ago

Gold fell $13.18 to $1319.92 by late morning in New York before it bounced back higher into the close, but is still ended with a loss of 0.72%. Silver slipped to as low as $19.562 and ended with a loss of 1.06%.

They Broke the Silver Fix

If you read more about it, you will see that there was an irregularity around the silver fix. At the time, the spot price was around $14.40. The fix was set at $13.58. This is a major deviation. Many silver bugs are up in arms about how unfair the new silver fix is. That’s nothing new. They were up in arms about the old one. The old one was supposedly manipulated.

Silver Market Morning - Real and Present Dangers: Feb-9-2016

Let’s be clear, this is not a short-term panic from which markets will recover quickly. It denotes real and present dangers in the financial world. Global banks are suffering this morning as debt holdings take a higher risk as global debt burdens are far too high for shrinking economies. The markets are pricing in these higher risks too! Are we facing a debt breakdown in global markets?

February 8: Gold and Silver Gain Almost 2%

Gold saw almost 1% losses for much of trade in Asia, but it then climbed higher through most of the rest of the day and ended near its midafternoon high of $1200.65 with a gain of 1.41%. Silver surged to as high as $15.453 and ended with a gain of 1.8%.

Top Silver Mining CEO: Don't Laugh, We Could See $100+ Silver

Coming up we'll hear from Keith Neumeyer, CEO of First Majestic Silver Corp. Keith updates us on the state of the mining industry, how ridiculous and ultimately damaging the futures market has become, and why he believes the possibility of triple digit silver is NOT ridiculous. Don't miss a fantastic interview with Keith Neumeyer, perhaps the most outspoken leader in the entire precious metals mining industry. But first, this week's market update.

Possible Silver U-Turn Report

Gold and silver bugs of course are excited, as they look at it as the prices of the metals going up $55 and 72 cents respectively. The collapse of what most think of as money—including especially said gold and silver bugs—is great fun and profitable. At least if you’re short the dollar.

Silver Market Morning - “Year of the Monkey” begins today: Feb-8-2016

The “Year of the Monkey” begins today and China is closed. With that demand postponed for the holiday and returning at its end we expect dealers to try to pull prices back, but currency considerations and physical demand will rule the gold price. While the Chinese Lunar New Year is the highpoint for Chinese gold demand, it does not drop off significantly afterwards as the steady current of growing middle classes continues to attract demand. And this is not just a one-off purchase when they become middle class it signals the start of a continuous purchasing pattern. The plunge of the Shanghai equity market last year and continuing this year has reasserted the attractions of gold. Likewise while the Chinese authorities are trying hard to hold the Yuan up [It’s cost them over $100 billion so far] the currency should slip considerably as it is overvalued.

Silver workup

Silver finally managed to push through its upside resistance just above the $14.50 level this week and attracted some additional upside follow through as the US Dollar weakness brought on the macro trade ( Dollar down – BUY commodities). For that matter copper also rallied, as did platinum. Clearly the latter two metals are not moving higher based on signs of increasing demand but rather because of those macro trades just referenced. It is purely a matter of money flows related to the movements in the foreign exchange markets, especially considering that fact that the preference in the markets at the moment is generally RISK AVOIDANCE.

February 5: Gold and Silver Gain Over 5% on the Week

Gold gained $4.74 to $1160.44 in London before it dropped down to $1145.24 after the release of this morning’s jobs data, but it then stormed back higher into the close and ended with a gain of 1.55%. Silver surged to as high as $15.043 and ended with a gain of 1.21%.

Silver and Gold: Ripe for a Recovery!

Game Changer: China Set To Start Yuan-Based Gold Price Fix In April 2016 It has emerged that the People’s Republic of China is set to launch a historic Yuan-based gold price fix this April to boost the country’s status as the new emerging leader in the international financial market.

Silver and Gold Best Performing Assets – Up 8% and 9% YTD

Silver is 4% higher this week and silver buyers continue to accumulate silver in the belief that it remains great value at less than $15 per ounce. We share this view given the fact that silver remains nearly 70% below the nominal high near $50 per ounce in 1980 and again in 2011. Also, the gold-silver ratio at 77 ($1,160/$15 per ounce) shows that silver remains great value at less than $15 per ounce.

Silver Market Morning: Feb-5-2016

In earlier Market Mornings and explored in depth in our newsletters, we pointed out how exchange rates would drive markets this year. The plunge in the dollar against all currencies validates these forecasts, catching the financial world by surprise and changing the climate for gold and silver dramatically.

February 4: Gold and Silver Gain Over 1% Again

Gold gained $15.25 to $1157.35 by midafternoon in New York before it edged back lower in the last hour of trade, but it still ended with a gain of 1.19%. Silver rose to as high as $14.90 and ended with a gain of 1.43%.

Silver Market Morning: Feb-4-2016

We expect to see larger and more negative interest rate levels across the world in 2016, as competitive devaluations increase. This will be destructive to the global monetary system.

February 3: Gold and Silver Gain Over 1% and 2%

Gold fell $5.21 to $1124.39 in Asia, but it then climbed to as high as $1145.44 in afternoon New York trade and ended with a gain of 1.11%. Silver soared to as high as $14.791 and ended with a gain of 2.38%.

Silver Market Morning -- Silver Fixing Breakdown: Feb-3-2016

What seems to have gone by the board in the reformation of the Fixing processes is the intent behind the fixing of both gold and silver. With the outcry in the past against “leakage” from the Fixings allowing traders to deal outside the Fix, as it was being set, the intent of the Fix was entirely missed. The Fix is to bring together as many buyers and sellers in one place, at one time, to agree a mutual price at which the trading reflected the true demand and supply balance. As it was, the clients of the “Fixers” had links into the Fixing by phone, so that they could adjust their orders at the prices being proposed. So ‘leakage’ was intended to maximize volumes.

Silver Price Fix – “Future Of The Fix Is Fraught”

The silver price fix debacle from last week and the new London silver price fix has received a litany of severe criticism in recent days.

February 2: Gold and Silver End Near Unchanged

Gold saw modest losses in Asia and London before it bounced back to $1130.44 by a little before 10AM EST and then dropped to a new session low of $1122.41 in the next couple of hours of trade, but it then rallied back higher into the close and ended with a gain of 0.04%. Silver rose to as high as $14.39 and ended with a loss of 0.28%.

Silver Market Morning: Feb-2-2016

Gold Today –The New York gold price closed Monday at $1,129.20 up from $1,117.30 up $11.90. In Asia on Tuesday, it slipped to $1,126.35 ahead of...

February 1: Gold and Silver Gain About 1%

Gold chopped higher throughout most of world trade and ended near its late session high of $1129.68 with a gain of 1.07%. Silver rose to as high as $14.414 and ended with a gain of 0.56%.

Central Bank Created Silver Rally

The central banks of the world have made a mess of global economic systems, although they have successfully enriched the financial and political elite. But systems are collapsing, the deflation monster has arrived, and more QE, negative interest rates, bailouts, devaluations, and bail-ins are coming.

Possible Sign of Silver Turn

The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan. In the common tongue, gold was up $20 and silver rose 25 cents.

Silver Market Morning: Feb-1-2016

The New York gold price closed Friday at $1,117.30 up from $1,114.50 up $2.80. In Asia on Monday, it lifted it to $1,121.35 ahead of London’s opening and then the LBMA set it at $1,122.00 up from $1,112.90 with the dollar index up at 99.40 up from 99.08 Friday. The euro was down at $1.0863 down from $1.0918 against the dollar. The gold price in the euro was set at €1,032.86 up from €1,019.33 a strong surge forward. Ahead of New York’s opening, the gold price was trading at $1,122.00 and in the euro at €1,032.44.

Silver Investors' Faith in Benchmark Threatened by Market Misses

“For the second time, we have seen a big discrepancy on the price,” Afshin Nabavi, head of trading and physical sales at MKS (Switzerland) SA, said from Geneva on Friday. “People are going to lose all faith in the fix if this keeps going.”

January 29: Gold and Silver Gain Almost 2% on the Week

Gold edged up to $1117.22 in London before it dropped back to $1110.95 by a little before 10AM EST, but it then rallied to a new session high of $1118.30 by late morning in New York and ended with a gain of 0.25%. Silver rose to as high as $14.309 and ended with a gain of 0.21%.

Silver Market Morning: Jan-29-2016

The New York gold price closed Thursday at $1,114.50 down from $1.125.80 down $11.30. In Asia on Thursday, it lifted it to $1,115.55 ahead of London’s opening and then the LBMA set it at $1,112.90 down from $1,119.00 with the dollar index up at 99.08 up from 98.85 Thursday. The euro was up at $1.0918 up slightly from $1.0910 against the dollar. The gold price in the euro was set at €1,019.33 down from €1,025.66. Ahead of New York’s opening, the gold price was trading at $1,115.90 and in the euro at €1,022.07.

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.

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.

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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