• Gold: 1,248.63 2.46
  • Silver: 17.46 0.01
  • Euro: 1.282 0.001
  • USDX: 84.835 -0.19
  • Oil: 82.29 0.37

October 20: Gold and Silver Gain Almost 1% While Miners Gain 2%

10 hours 41 min ago

Gold dipped $3.21 to $1234.59 in Asia before it climbed up to $1248.60 in early New York trade and then chopped back lower into midday, but it then edged back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $17.519 and ended with a gain of 0.93%.

Silver Market Morning - 17 hours 35 min ago

Why worry about bullion silver? - 2 days 16 hours ago

Silver Market Morning - 3 days 17 hours ago

Silver Technical Update

There is a clash between long term support and short term bearish divergence in gold. The key long term support is at $1773 while short term resistance is at $1994. Silver needs to trade over $1773 for the rest of the year to be in bullish zone. Silver will attract huge investment demand only if it trades over $2500 for a week. Till then traders as well as investors will use every rise of exit their silver investments.

Silver Market Morning

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

June 11: Gold and Silver Close Near Unchanged

Gold edged up to $1265.00 by a little before 9AM EST before it dropped back to $1258.62 in early afternoon trade and then bounced back higher, but it ended with a gain of just 0.016%. Silver slipped to as low as $19.164 and ended with a loss of 0.1%.

The most damning evidence

This morning, I wrote of how global debt passed $100 trillion last year - and frankly, dramatically more if true GAAP accounting was utilized. This is the most damning evidence that fiat currencies are failing; as ultimately, debt growth turns parabolic at the end. With both gold and silver trading below the cost of production, how much longer can the "New York Gold Pool" keep prices down?

Silver Market Morning

The gold price closed at $1,260.80 up $7.80 on Tuesday in New York. In Asia and London the price held just above that level until the Fix, where it was set at $1,262.50 up $9.00 and in the euro at €932.629 up €8.014, while the euro stood weaker at $1.3537. Ahead of the opening in New York the gold price was trading at $1,263.10 and in the euro at €933.28.

June 10: Gold and Silver Gain Almost 1%

Gold jumped up to $1262.91 at about 8:30AM EST before fell back off a bit at times, but it still ended with a gain of 0.6%. Silver surged to as high as $19.24 and ended with a gain of 0.79%.

Silver Market Morning

The gold price closed unchanged at $1,253 on Monday in New York. In Asia and London the price held that level until the Fix, where it was set at $1,253.50 down $1.50 and in the euro at €924.615 up €3.92, while the euro stood weaker at $1.3557. Ahead of the opening in New York the gold price was trading at $1,253.10 and in the euro at €925.41.

June 9: Gold and Silver End Slightly Higher

Gold edged up to $1256.97 by a little after 8AM EST before it fell back to $1252.30 in the next four hours of trade and then bounced back higher in early afternoon trade, but it then chopped back lower into the close and ended with a gain of just 0.03%. Silver surged to as high as $19.197 before it also fell back off, but it still ended with a gain of 0.26%.

"Abenomics-afied" Japan

The ramfications of last week's ECB decision to take deposit rates to negative 0.1% - not to mention, reinstating the LTRO and unsterilized SMP "backdoor QE" programs - are enormous. In other words, the ECB admitted Europe is in as dire a situation as the "Abenomics-afied" Japan; and it's only a matter of time before Whirlybird Janet announces the same here.

First Majestic Wins Application to Dismiss Appeal

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce that on June 5, 2014 , the Court of Appeal dismissed the appeal filed by Hector Davila Santos ("Hector Santos") and Minerales y Minas Mexicanas, S.A. de C.V. ("MMM").

U.S. Bank’s Silver Short Positions send Buy Signal

In early June, U.S. banks trading future-contracts at the COMEX, only held a total of 13,234 contracts in net short positions, which equals 2,057 tons of silver forward-sales and depicts the lowest value since Goldreporter started analyzing the monthly data 5 years ago (see chart). For comparison: In February 2013 U.S. banks were 6,249 tons short!

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.

Silver Market Morning

The gold price closed at $1,252.90 on Friday down $1 in New York. In Asia and London the price rose $3 until the Fix, where it was set at $1,255.00 up $10.75 and in the euro at €920.695 up €6.276, while the euro stood stronger at $1.3631. Ahead of the opening in New York the gold price was trading at $1,256.20 and in the euro at €922.86.

June 6: Gold and Silver End Slightly Higher on the Week

Gold edged up to $1257.38 by a little before 9AM EST before it dropped back to $1246.15 in the next hour of trade, but it then bounced back higher midday and ended with a loss of just 0.02%. Silver slipped to as low as $18.897 before it also rallied back higher and ended unchanged on the day.

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 Morning

The gold price closed at $1,253.10 up $9.4 on Thursday in New York. In Asia and London the price lifted to $1,255. It was then set at $1,254.00 up $9.25 and in the euro at €919.962 up 4.450, while the euro stood at $1.3631. Ahead of the opening in New York the gold price was trading at $1,253.70 and in the euro at €919.91.

Cataclysmic Central bank announcements

Today, one of the most cataclysmic Central bank announcements in history was made; when not only did the ECB reinstitute the LTRO (thus, admitting its banks remain insolvent); lower the key lending rate to 0.15%; and discuss the potential launch of a new QE program - but took the deposit rate NEGATIVE!

June 5: Gold and Silver Gain About 1%

Gold dipped to $1241.16 by a little before 8AM EST before it shot up to $1257.01 in the next hour of trade and then chopped back lower at times, but it still ended with a gain of 0.76%. Silver surged to as high as $19.133 and ended with a gain of 1.17%.

Silver Market Morning

The gold price closed at $1,243.70 down $2.60 on Wednesday in New York. In Asia and London the price remained the same. It was then set at $1,244.75 down $1.25 and in the euro at €914.450 down €1.39, while the euro stood at $1.3612. Ahead of the opening in New York the gold price was trading at $1,244.60 and in the euro at €917.17.

June 4: Gold and Silver End Slightly Lower

Gold dipped to $1244.39 by a little after 6AM EST before it rebounded to $1248.97 in the next couple of hours of trade, but it then drifted back lower into the close and ended with a loss of 0.21%. Silver slipped to as low as $18.755 and ended with a loss of 0.16%.

GoldSeek TV Interviews Brendan Cahill: We can make money with $20 Silver

GoldSeek.com TV presents an exclusive interview with Brendan Cahill, the President and CEO of Excellon Resource Inc. He discusses several topics with interviewer Vanessa Collette of GoldSeek.com, including: We can make Money with $20 Silver Update on Mexico's Highest Grading Silver Mine Opportunities in this Silver Market

Silver Market Morning

The gold price closed at $1,246.30 on Tuesday, up $3.20 cents in New York. In Asia and London the price slipped slightly by $1 until the Fix, where it was set at $1,246.00 up $1.75 and in the euro at €915.840 up €1.421, while the euro stood at $1.3605. Ahead of the opening in New York the gold price was trading at $1,246.00 and in the euro at €915.27.

June 3: Gold and Silver End Slightly Higher

Gold edged up to $1247.66 in London before it dropped back to $1241.89 at about 10:30AM EST, but it then bounced back higher into the close and ended with a gain of 0.26%. Silver rose to $18.937 before it fell back to $18.742, but it then climbed back higher in afternoon trade and ended with a gain of 0.48%.

Silver Market Morning

The gold price closed at $1,243.10 on Monday, up 10 cents in New York. In Asia and London the price rose $1 until the Fix, where it was set at $1,244.25, down $0.50 and in the euro at €914.419 down €0.841, while the euro stood at $1.3607. Ahead of the opening in New York the gold price was trading at $1,246.20 and in the euro at €915.72.

June 2: Gold and Silver End Modestly Lower

Gold dropped down to $1241.12 in Asia before it bounced back to $1249.61 by a little after 10AM EST, but it then drifted back lower into the close and ended with a loss of 0.62%. Silver slipped to as low as $18.672 and ended with a loss of 0.32%.

Silver Market Update

Silver has confirmed gold’s breakout of several days ago by following suit and breaking out above important resistance on Friday on the strongest volume for almost 6 months. This means that we are now in a full on Precious Metals sector uptrend, which is still in its earliest stages.

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.

The Silver Institute Releases Report on the Outlook for New Electrical & Electronic Uses of Silver

The Silver Institute today released a report titled “The Outlook for New Electrical and Electronic Uses of Silver.” The report identifies three key potential growth areas for silver demand: flexible electronics; light emitting diodes (LEDs); and interposers. These three growth areas combined have the potential to add another 20 million ounces of silver to total demand by 2018.

How can miners ‘fight back?’ Here’s my list...

My previous column asked the question, “Why don’t the miners fight back” against price suppression of precious metals? Today, I list several actions mining executives, acting together as a unified group, could undertake to expose and hopefully end the non-”free market” tactics that are keeping gold and silver prices suppressed.

THE COMING SILVER STORM: The Public Is Not Prepared

The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon. The Precious Metal Storm is coming... unfortunately, the public is not prepared. I believe the U.S. and world are heading toward an economic collapse that civilization has never witnessed before. Even though we have suffered greatly through World Wars and global depressions, we have always been able to pull ourselves out of the chaos and destruction by regrouping and rebuilding.

GET READY: The Great Transfer of Wealth in Gold & Silver is Coming

The U.S. Economy stands at the edge of the abyss while the financial MSM debates whether or not the FED will taper in the fall. Silly analysts. Serious cracks are beginning to appear in the economy while the precious metals have now seemingly decoupled from the broader stock market in a big way.

Should I bet the house on silver?

A life event recently tested how strong my convictions are on the question of where silver and gold prices are headed in the next 12 or so months. What happened is I received notice from a tenant of mine informing me he is not renewing his lease when it expires at the end of May.

When it comes to silver investing, in Ron Paul I trust

Truth be told the main reason I started investing in precious metals is Ron Paul. And, truth be told, the main reason I’m not interested in selling any of my silver or gold (or mining stocks) is also Ron Paul.

Silver Bottoming?

Much has been written about gold but fewer talk about silver. Silver has been displaying similar technical patterns as gold. And like gold there remains constant bearish chatter that silver prices have a lot further to fall. The bear reports have silver falling to $17, $15 and even lower. Silver has in the past, been a monetary metal.

Institutions Mislead The Public About Silver Investment Demand

There's a lot of shortsighted and incorrect silver analysis out there, so it's imperative that you consider the information in this article. CPM Group just announced the release of their 2014 Silver Yearbook. In their statement they implied that "Net Global Silver Investment" declined in 2013, while fabrication demand increased.

GDXJ Signals that MAJOR BREAKOUT and STRONG PM SECTOR ADVANCE IMMINENT...

Most investors or would-be investors in Precious Metals stocks are so soured by the seemingly interminable bearmarket in the sector, that has gone on for 3 years now and been made even worse by its having unfolded against the background of a rising stockmarket, that they won’t see the major opportunity now being presented, even when it’s as plain as the nose on your face, which it is. This is a bit sad really, because huge profits look set to be reaped by those buying the sector now.

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.

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.

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.

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.

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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