• Gold: 1,159.47 0.46
  • Silver: 16.84 -0.01
  • Euro: 1.055 -0.001
  • USDX: 101.59 0.38
  • Oil: 51.51 0.56

December 9: Gold Dips 1% on the Week While Silver Gains 1%

15 hours 24 min ago

Gold edged up to $1172.01 in late Asian trade, but it then chopped back lower in London and New York and ended near its midafternoon low of $1156.46 with a loss of 1.01%. Silver slipped to as low as $16.791 and ended with a loss of 0.94%.

Is Gold-to-Silver Ratio Too High?

The gold-to-silver-ratio is an indicator that shows how many silver ounces are required to purchase an ounce of gold. The gold-to-silver ratio is one of the most important parameters in the precious metals market, as it measures the relative value of gold and silver. Therefore, it is a useful tool indicating whether gold or silver is undervalued or overvalued relative to each other. Investors can use the ratio as a timing indicator deciding when to buy gold or silver, or which metal to buy at any given time. When the ratio is low, it means that silver is overvalued relative to gold (and vice versa).

Silver Market Morning: June-14-2016 -- Silver price still has work to do!

Shanghai pulled back leaving London to lift the gold price. Is this a sign that supplies in London available to make the price are so little as to push prices up? It could be that U.S. demand is so strong that these supplies are diminishing too much. If this is the case, we should see greater volatility in the price in the near term. There is certainly enough going on in the currency world to cause such volatility.

June 13: Gold and Silver Gain Almost 1% While Stocks Drop

Gold gained $12.68 to $1287.08 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.75%. Silver rose to as high as $17.452 and ended with a gain of 0.69%.

Where Then Will Silver Go

The price of gold bumped up thirty bucks, and that of silver about one buck. Is this liftoff—when the dollar falls sharply, and the price of each metal in dollar terms skyrockets? Is this the denoument when the gold bug does not get rich, because although his net worth measured in dollar is massively up, the dollar is down in equal measure?

How To Grow Your Gold and Silver Bullion

With the zirp, (zero interest rate policy) savings and bonds are not paying any significant interest. In Germany some bunds are paying negative interest rates. Few stocks are paying big dividends and most pay none at all. Everyone is trying to find a decent return on investment without taking on too much risk. The old 5 ¼% savings account interest rates that never seemed that interesting in the past now look mouth watering.

June 10: Gold and Silver Gain Over 2% and 5% on the Week

Gold edged down to $1264.63 in Asia before it bounced back to $1276.86 at about 10AM EST and then fell back to roughly unchanged in the next 90 minutes of trade, but it then rallied back higher into the close and ended with a gain of 0.4%. Silver traded mixed and ended unchanged on the day.

Our #1 Pick For Silver Exposure, A 250 Million Ounces Eq. Deposit Ripe For Take-Over

Large silver deposits are scarce, that's a fact. Silver is mostly a by-product from mines that produce other metals such as gold, copper, lead and zinc. This is the reason why silver companies receive a premium to gold companies in a bull market, but we are far from that still as this bull market just got started. In August of 2011, Golden Arrow entered into an option agreement to acquire a 100% interest in the Chinchillas Silver Project. Remember, that was at a time when precious metals was still in a bull market which was just about to turn around.

Market Report: Sharp recovery

Gold and silver prices were given further upside momentum when Janet Yellen, speaking at the World Affairs Council in Philadelphia on Monday, consequently took a softer line on interest rate rises. Gold, which had bottomed at $1200 on Wednesday last week, took off like a scalded rabbit on last Friday’s jobs release, gaining $22 in seven minutes. If nothing else, the sharpness of the move reflected the high level of short-term bearishness. Anyway, it appears that the consolidation phase of this year’s gains may well be over – until, that is, we get the next interest rate scare. Silver’s gain was more dramatic, as can be seen in the chart above. Only Wednesday last week, silver sold off to as low as $15.84. This week, it had recovered to $17.33 at its best yesterday, a gain of over 9%. Volatility of this sort can be taken as evidence of tight underlying physical supplies.

June 9: Gold and Silver Gain With Dollar While Stocks and Oil Slip

Gold fell $5.01 to $1256.99 in London, but it then jumped up to as high as $1271.63 by early afternoon in New York and ended with a gain of 0.58%. Silver surged to as high as $17.325 and ended with a gain of 1.53%.

SilverCrest Reports Further Continuous High Grade Underground Results At Las Chispas; Extends Surface Drilling Program

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to report on additional results from the ongoing underground channel sampling program and extension of its surface drilling program at its Las Chispas Project (“Las Chispas”) located in Sonora, Mexico. Las Chispas is a historic silver-gold district with over six kilometres of existing underground workings, which apparently were not previously drilled before their acquisition by the Company. The project is in a prolific mining area which currently hosts two nearby precious metal operations.

June 8: Gold Gains Almost 1.5% and Silver Surges Nearly 4%

Gold gained $20.19 to $1264.09 at about 10AM EST before it chopped back lower at times, but it still ended with a gain of 1.46%. Silver jumped to as high as $17.088 and ended with a gain of 3.9%.

Fortuna Silver Mines to Acquire Goldrock Mines

Fortuna Silver Mines Inc. (FSM) (FVI.TO) ("Fortuna", the "Company") and Goldrock Mines Corp. (TSX VENTURE: GRM) ("Goldrock") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Fortuna has agreed to acquire all of the issued and outstanding common shares of Goldrock (the "Arrangement"). Goldrock's principal asset is the 100% owned Lindero Project located in Salta Province, Argentina. The Lindero Project is an open pit, heap leach gold project with a completed 2016 feasibility study which has been granted the environmental permit necessary for development of the project.

June 7: Gold and Silver End Slightly Lower

Gold fell $9.26 to $1235.94 at about 8:30AM EST before it rallied back higher into the close, but it still ended with a loss of 0.1%. Silver slipped to as low as $16.245 and ended with a loss of 0.43%.

Silver Standard, Golden Arrow forge ahead at Chinchillas

Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is moving forward on pre-development studies that may lengthen mine life at its Pirquitas silver mine in northern Argentina's Jujuy province, by combining material from Golden Arrow Resources' (TSXV: GRG; US-OTC: GARWF) Chinchillas silver-lead-zinc project, located 35 km northeast.

June 6: Gold and Silver Close Higher on Yellen-Speak

Gold dipped $3.77 to $1240.13 in London before it bounced back to $1247.30 in late morning New York trade and then chopped back towards $1240.00 in early afternoon trade, but it then edged back higher into the close and ended with a gain of 0.1%. Silver jumped up to $16.528 before it dropped back to $16.364, but it still ended with a gain of 0.65%.

The Cost of Bullish Bets, Report 6 June, 2016

Perhaps that mobile phone manufacturer, driven by falling volumes and compressing profit margins, is pressured to approach silver mining companies (and all other suppliers) to see if they can cut their costs. Perhaps they were not bidding up scarce silver at the source, but putting in a lowball bid below market. We don’t have that information, but one thing’s for sure. Silver demand is weak while silver supply is robust.

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.

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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