• Gold: 1,222.99 -1.87
  • Silver: 18.52 0.01
  • Euro: 1.290 -0.002
  • USDX: 84.386 0.12
  • Oil: 91.88 -0.03

September 18: Gold and Silver Gain With Stocks

11 hours 29 min ago

Gold edged up to $1225.52 in late Asian trade before it fell back to $1216.23 by a little after 8AM EST, but it then climbed back higher in New York and ended with a gain of 0.27%. Silver rose to as high as $18.604 and ended with a gain of 0.11%.

Rock and a hard place

Each day, my belief that the Fed is actually supporting interest rates - specifically, the 10-year yield at multi-month support at 2.6% - grows stronger, via the "most damning proof yet of QE failure." Today's abysmal retail sales number clearly has them under pressure again; not to mention, the horrific Chinese industrial data and German ZEW investor confidence numbers. The ECB again leaked its leaning toward launching QE at next month's meeting; and pretty soon, it will be the Fed's turn as well - as they are stuck in the ultimate "rock and a hard place."

Silver Market Morning

The gold price closed at $1,296.70 up $8 on Monday, in New York, after hitting $1,308 there. In Asia and London the gold price moved back to $1,291.55. The gold Fixing was set at $1,292.75 the same as yesterday and in the euro at €939.9o8 up €0.955 while the euro stood at $1.3754 slightly weaker. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €942.042.

Who should GAO believe - Ted Butler or Bart Chilton?

In a recent column, silver analyst Theodore Butler presented information that leaves him somewhat optimistic that the Government Accountability Office(GAO) is looking into the possibility that the silver markets might be rigged or manipulated.

May 12: Gold Gains and Silver Surges

Gold dropped $8.73 to $1279.97 at the open of trade last night, but it then jumped to as high as $1302.77 at about 8:30AM EST today and ended with a gain of 0.62%. Silver surged to as high as $19.647 and ended with a gain of 2.09%.

Fortuna Reports Consolidated Financial Results for the First Quarter 2014

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2014) - Fortuna Silver Mines Inc. (FSM)(FVI.TO)(FVI)(F4S.F) today reported record revenue of $45.5 million, cash generated from operations, before changes in working capital of $16.9 million and net income of $4.9 million in the first quarter of 2014.

Silver Market Morning

The gold price closed at $1,288.70 down only $0.50 on Friday, in New York. In Asia and London the gold price hovered around $1,289 and $1,290. The gold Fixing was set at $1,292.75 up $3.75 and in the euro at €938.953 up €5.707 while the euro stood at $1.3768 weaker by half a cent. Ahead of New York’s opening the gold price stood at $1,294.65 and in the euro at €940.96.

May 9: Gold and Silver End Slightly Lower on the Week

Gold climbed $5.04 to $1294.24 by a little before 8AM EST before it dropped back to $1285.54 in the next four and a half hours of trade, but it then bounced back higher into the close and ended with a loss of just 0.04%. Silver slipped to as low as $19.052 and ended with loss of 0.1%.

Silver Market Morning

The gold price closed at $1,289.20 down only $0.20 yesterday, in New York. In Asia and London the gold price lifted back to $1,291. The gold Fixing was set at $1,289.00 down $2.25 and in the euro at €933.246 up €7.22 while the euro stood at $1.3812 nearly 2 cents down from the week’s peak. Ahead of New York’s opening the gold price stood at $1,289.40 and in the euro at €933.33.

May 8: Gold and Silver End Slightly Lower

Gold climbed to $1294.85 at about 7:45AM EST before it dropped back to $1285.59 in the next hour of trade, but it then chopped back higher into the close and ended with a loss of just 0.016%. Silver slipped to as low as $19.126 and ended with a loss of 0.73%.

NOTHING incremental

Another Fed Chairman giving Congressional testimony, another PM raid. No matter that NOTHING incremental was said relative to last week's FOMC statement, with the MSM's key takeaway being the sound byte "a high degree of accomodation is still warranted." In my view, the scariest part of TPTB's shell game is the fact that rates are dramatically falling despite the so-called tapering of QE; in my view, per the title of my article today, "the most damning proof yet of QE failure."

Silver Market Morning

The gold price closed at $1,289.40 down $18.40 yesterday, in New York. In Asia and London the gold price held above $1,290 as the dollar continued to weaken against all currencies ahead of the Fixing. The euro weakened to $1.3944. The gold Fixing was set at $1,291.25 down $19.75 and in the euro at €926.026 down €16.055. Ahead of New York’s opening the gold price stood at $1,290 and in the euro at €926.16.

May 7: Gold and Silver Fall Over 1%

Gold gained $6.70 to $1314.50 in late Asian trade before it fell to as low as $1286.82 by early afternoon in New York and then bounced back higher at times, but it still ended with a loss of 1.41%. Silver slumped to as low as $19.284 and ended with a loss of 1.28%.

Silver Market Morning

The gold price closed at $1,307.80 down $2.70 yesterday, in New York. In Asia the gold price was lifted to $1,313 and London held those levels ahead of the Fixing. The euro weakened to $1.3926. The gold Fixing was set at $1,311 up $2.50 and in the euro at €942.081 up €2.472. Ahead of New York’s opening the gold price stood at $1,311 and in the euro at €941.13.

May 6: Gold and Silver End Slightly Lower

Gold traded between $1308.12 and $1314.01 in Asia before it fell back to $1305.20 by a little after 10AM EST, but it then bounced back higher midday and ended with a loss of just 0.21%. Silver rose to $19.705 in London, but it then fell back off in late trade and ended with a loss of 0.25%.

Silver Market Morning

The gold price closed at $1,310.50 up $12.20 yesterday, in New York. In Asia and London it held those levels ahead of the Fixing. The euro weakened to $1.3926. The gold Fixing was set at $1,308.50 and in the euro at €939.609. Ahead of New York’s opening the gold price stood at $1,307.45 and in the euro at €938.15.

May 5: Gold and Silver Gain Almost 1%

Gold climbed $17.38 to $1315.58 in early New York trade before it fell back off a bit in midmorning trade, but it still ended with a gain of 0.94%. Silver surged to as high as $19.727 and ended with a gain of 0.82%.

SilverCrest Announces Commencement of Mill Commissioning At Santa Elena

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC)(NYSE Amex:SVLC) (the "Company") is pleased to announce a major milestone for the Company with the commissioning of the new 3,000 tpd CCD-MC processing plant now underway at its 100% owned Santa Elena Mine in Sonora, Mexico. The scheduled three year Expansion Plan to transition from an open pit heap leach operation to a conventional mill and underground mine is nearing completion. The US$99 million program including drilling, Pre-Feasibility Study, detailed engineering, new processing plant, and underground development is on budget (+/-5%) and has experienced only modest delays from the original schedule.

Silver Market Morning

The gold price closed at $1,298.30 in a $13.40 rebound on Friday, in New York. In Asia and London it was being lifted strongly to $1315.00. London was closed so we watch to see just how New York will play gold. The euro stood at $1.3874. Ahead of the opening of New York, gold stood at $1,311.65 and in the euro at €945.65.

May 2: Gold and Silver End Slightly Lower on the Week

Gold edged up to $1287.72 in London before it plummeted to as low as $1273.94 just after the release of this morning’s jobs report, but it then shot to a new session high of $1304.31 by late morning in New York and ended with a gain of 1.04%. Silver slipped to as low as $18.964 in Asia, but it then climbed to as high as $19.662 in New York and ended with a gain of 2.05%.

Manipulation 101 ... The Pithy Version

The goal of The Powers That Be is to keep the grassroots masses from reaching an "orientation" that values precious metals over paper dollars that are backed only by the "full faith and credit" of U.S. Government.

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.

Gold and Silver continue to drift

Gold kicked off the week at just over $1300 before declining to a low of $1278 yesterday. Most of the time prices just moved sideways, drifting lower from time to time to test support. And when support materialised, the price quickly reacted upwards, because no bullion bank really wants to sell; instead they are trying to close short positions as profitably as possible.

May Decline in Gold and Silver Stocks Would Create Opportunity

Last week we noted that the gold and silver shares had formed a short-term rebound in response to an oversold condition. Yet we felt that the downtrend that originated from the hard reversal in March was still in effect. As we go to publish, the rebound appears to be petering out. Be aware that there is more potential downside in May. The good news is a decline in May will likely create a great buying opportunity at the end of the month and in June.

Silver Market Morning

The gold price closed at $1,284.90 down $5.50 on yesterday, in New York. In Asia it was being pulled back to $1,283 again and holding in London. The dollar recovered to $1.3858, 0.2 of a cent. The gold price was Fixed in London at $1,285.00 and in the euro at €927.262 while the euro was at $1.3858. Ahead of the opening of New York, gold stood at $1,287.00 and in the euro at €928.64.

May 1: Gold and Silver End Slightly Lower

Gold dropped $12.81 to $1277.59 at about 9AM EST, but it then bounced back higher into the close and ended with a loss of just 0.43%. Silver slipped to as low as $18.857 and ended with a loss of 0.68%.

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.

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.

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.

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

Highest Voted

Santacruz Silver Mining Ltd., 100.0% (1 votes)
Steve St. Angelo, SRSrocco Report, 90.8% (26 votes)
GE Christenson, 83.3% (6 votes)
Bill Holter, 98.5% (13 votes)
James C. McShirley, 96.0% (10 votes)
Bill Rice, Jr., 100.0% (18 votes)
Steve St. Angelo, SRSrocco Report, 100.0% (10 votes)

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