• Gold: 1,197.46 -0.70
  • Silver: 15.88 -0.02
  • Euro: 1.228 -0.000
  • USDX: 88.279 0.638
  • Oil: 54.63 -0.46

December 18: Gold and Silver Gain Almost 1%

6 hours 19 min ago

Gold jumped up to $1213.47 at about 5:30AM EST before it fell back towards unchanged by late morning in New York, but it then edged back higher in afternoon trade and ended with a gain of 0.77%. Silver surged to as high as $16.222 and ended with a gain of 0.89%.

Silver Market Morning

The gold price closed at $1,229 down $2.00 on Monday. Asia and London took it up to $1,230.30. The euro is stronger this morning at $1.2735. The Fix was set $1,229.25 up $0.50 and in the euro at €964.572 down €2.263, while the euro stood stronger at $1.2744. The volumes of gold traded were one seller selling 30,000 ounces and three buyers buying 50,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,228.80 and in the euro at €965.01.

Time Running Out on Silver Bear

For over the last 3 years, TPTB have been throwing everything including the kitchen sink at gold and silver to suppress the price. They've done a great job, i must admit - but ultimately, they will find their endeavor to suppress "real money" as futile as attempting to swim a beach ball to the bottom of a pool.

Why Silver and Gold Are the GOOD NEWS Metals

For all of the above reasons, make sure you own one or more of these four increasingly precious metals. Don’t consider their purchase to be an expense. You’re simply exchanging a paper currency that continues to lose purchasing power, for real money which not only holds onto its value, but tends to increase over time. Now that proposition is good news in anyone’s book!

Santacruz Silver Files San Felipe Preliminary Economic Assessment Report

 Vancouver, BC - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") announces that further to its news release dated...

Silver Market Morning: Oct-28-2014

Silver (very short-term) Silver is likely to consolidate, in New York, today.

3 Reasons Why I Remain Bullish on Silver

While gold has rallied in recent days to now only be 7% lower than it was a year ago, silver continues to lag with it, now down a whopping 23% for...

Silver Market Morning: Oct-27-2014

In New York there were sellers of 4.485 tonnes of gold in the SPDR gold ETF but there was a purchase of 0.82 of a tonne into the Gold Trust on Friday. This did assist the fall in the gold price to $1,230, but this was off the day’s lows. It does look like we are back in consolidation mode today. The holdings of the gold ETFs stand at 745.387 tonnes in the SPDR gold ETF and at 162.22 tonnes in the Gold Trust. This makes over 25 tonnes of gold sold from the gold ETFs in the last week. This is heavy and if it continues at these levels will restrain the gold price. If these sales halt, the support for the gold price remains strong and the price will rise.

October 24: Gold and Silver End Slightly Lower on the Week

Gold edged up to $1234.18 in Asia before it fell back to $1229.42 at about 11AM EST, but it then bounced back higher midday and ended with a loss of just 0.14%. Silver climbed up to $17.356 in early New York trade before it dropped back to $17.145, but it ended with a loss of just 0.17%.

Market Report: Precious metals subdued as panic over

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold.

October 23: Gold and Silver Close Mixed

Gold dropped $15.06 to $1226.44 at about 11AM EST before it climbed back higher in afternoon trade, but it still ended with a loss of 0.69%. Silver slipped to $17.067 in London, but it then chopped back higher in New York and ended with a gain of 0.41%.

Santacruz Silver Announces Third Quarter 2014 Production Results

Santacruz Silver Mining Ltd. (SCZ.V) (the "Company" or "Santacruz") is pleased to announce third quarter 2014 production of 184,900 silver equivalent ounces from the Company's Rosario Mine in San Luis Potosi, Mexico . This production represents a 9.9% quarter over quarter increase as compared with Q2 2014 silver equivalent ounces.

Voters should ask these questions!

Another mid term election in the USA is only a few days away. Politicians are racing against time to promise wonderful things to convince voters to support them. In a town hall format, for example, each person might have less than a minute to make a brief statement and ask a related question to the Congressional candidate. I encourage everyone to participate in the democratic process, because what alternative is there really?

Silver Market Morning

The gold price closed at $1,241.50 down $6.80 on Wednesday. London took it down to $1,243. The euro is weaker this morning at $1.2640 down half a cent on yesterday. The Fix was set $1,240.50 down $6.25 and in the euro at €979.935 down €2.145, while the euro stood stronger at $1.2659. The volumes of gold traded were two sellers selling 16,000 ounces and no buyers. Ahead of New York’s opening, gold was trading at $1,238.80 and in the euro at €978.21.

OCTOBER SILVER EAGLE SALES BEST EVER…. And With 10 Days Remaining

While the Fed and Western Central Banks continue to prop up the entire market, investors took advantage of the manipulated low silver price by purchasing a record amount of Silver Eagles in October. Silver Eagle sales were also extremely strong last month as total sales reached 4.1 million in September.

October 22: Gold and Silver Fall With Stocks

Gold edged up to $1249.35 in Asia before it dropped back to $1241.45 at about 9AM EST and then bounced back higher into midday, but it then fell back off again in the last couple of hours of trade and ended with a loss of 0.54%. Silver slipped to as low as $17.122 and ended with a loss of 2.06%.

Total Silver Investment May Increase By One Billion Ounces Over the Next Decade

Investors are likely to increase their net silver purchases in the years ahead, largely due to an ongoing weak global economy, for capital preservation and silver’s pedigree as a leading industrial metal, according to a report released today by the Silver Institute. The report, entitled “Silver Investment Demand,” suggests that investors may accumulate as much as one billion additional ounces of silver in various investment instruments over the next decade. This is on top of the more than 860 million ounces of silver purchased as an investment since 2006.

Silver Market Morning

The gold price closed at $1,248.30 up $2.30 on Tuesday. London took it down to $1,246.3. The euro is weaker this morning at $1.2692 down from $1.2828 in a volatile market. The Fix was set $1,246.75 down $5.00 and in the euro at €982.080 up €3.233, while the euro stood stronger at $1.2695. The volumes of gold traded were two seller selling 30,000 ounces and one buyer buying 10,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,246.10 and in the euro at €982.00.

October 21: Gold and Silver Gain With Stocks

Gold climbed $7.37 to $1253.47 in Asia before it fell back towards unchanged in London, but it then rose to a new session high of $1255.02 in early New York trade and ended with a gain of 0.18%. Silver rose to as high as $17.65 and ended with a gain of 0.4%.

Silver Market Morning

The gold price closed at $1,246.10 up $8.30 on Friday. Asia and London took it higher to $1,253.40. The euro is stronger this morning at $1.2828 up from $1.2756. The Fix was set $1,251.75 up $10.75 and in the euro at €978.847 up €6.20, while the euro stood stronger at $1.2788. The volumes of gold traded were one seller selling 8,000 ounces and one buyer buying 16,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,249.30 and in the euro at €977.96.

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

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

The gold price closed at $1,237.80 down $1.70 on Friday. Asia and London took it higher $1,242. The euro is weaker this morning at $1.2756. The Fix was set $1,241.00 up $3.00 and in the euro at €972.647 up €5.762, while the euro stood stronger at $1.2759. The volumes of gold traded were two seller selling 40,000 ounces and one buyer buying 20,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,241.55 and in the euro at €972.09.

Why worry about bullion silver?

Bullion silver is likely to be less pure than coins or small bars, but 1,000 ounce bullion silver bars are cheaper per ounce than the smaller fabricated sizes. Bullion silver is typically available for only a few cents more per ounce than the spot price in the paper futures market. So long as bullion bars can always be purchased at little more than spot price, a business that simply melts the bars would never pay more to melt fabricated silver, even if it is more highly refined. If the business could not buy cheap bullion bars locally, it would simply go long a futures contract and then stand for delivery of the physical bullion silver.

October 17: Gold and Silver End Mixed on the Week

Gold edged up to $1241.19 in Asia before it fell back to $1231.88 by midmorning in New York, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.14%. Silver slipped to as low as $17.232 and ended with a loss of 0.58%.

Market Report: Gold benefits from market uncertainty

The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped. In short, we are swinging very suddenly from complacency to reality.

Silver Market Morning

The gold price closed at $1,239.50 up $1.70 on Thursday. Asia took it slightly higher over $1,240 ahead of London’s opening. The euro is only slightly stronger than of late at $1.2805. The Fix was set $1,238.00 down $3.00 and in the euro at €966.885 down €2.495, while the euro stood stronger at $1.2804. The volumes of gold traded were two seller selling 36,000 ounces and two buyers buying 26,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,237.10 and in the euro at €966.07.

First Majestic Elects Not to Exercise Right to Match Coeur's Offer for Orko

First Majestic Silver Corp. (FR.TO)(AG)(FMV.F) ("First Majestic" or the "Company") announces that it has today notified the Board of Directors of Orko Silver Corp. that it is not matching the offer made by Coeur d''Alene Mines Corporation ("Coeur") and will not be increasing the consideration under First Majestic''s offer to acquire all of the issued and outstanding Orko shares.

COMEX Silver Inventory Update: +396,820.320 ounces

COMEX Silver Inventory Update: +396,820.320 ounces

February 26: Gold and Silver Gain Over 1% More

Gold bumped up to $1601.89 in Asia before it fell to see a $10.26 loss at $1584.34 at about 10:15AM EST, but it then shot to as high as $1619.40 in the next hour of trade and ended with a gain of 1.21%. Silver surged to as high as $29.456 and ended with a gain of 1.19%.

March 5: Gold and Silver End Slightly Higher

Gold climbed up to $1586.04 at about 8:30AM EST before it fell back to $1571.75 over the next five hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.08%. Silver surged to as high as $29.065 before it fell back to $28.513, but it still ended with a gain of 0.42%.

March 6: Gold and Silver Rise, Miners Jump Higher

Gold dropped to $1567.40 at about 9:45AM EST before it rebounded to $1584.58 in the next hour of trade and then fell back to about unchanged by early afternoon in New York, but it then rallied back higher in the last few hours of trade and ended with a gain of 0.53%. Silver slipped to $28.54 before it jumped up to $29.067 and then also fell back off, but it still ended with a gain of 1.33%.

COMEX Silver Inventory Update: -702,570.770 ounces

COMEX Silver Inventory Update: -702,570.770 ounces

COMEX Silver Inventory Update: -353,754.450 ounces

COMEX Silver Inventory Update: -353,754.450 ounces

Endeavour Silver Reports Record Earnings, Cash Flow and Revenue in 2012, Conference Call at 10 am PDT (1 pm EDT) on March 13, 2013

Endeavour Silver Corp. (EDR.TO)(EXK)(EJD.F) announced today record earnings, cash flow and revenue for the year ended December 31, 2012, thanks to the Company''s eighth consecutive year of growing silver and gold production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanacevi mine in Durango state, and the Bolanitos and El Cubo mines in Guanajuato state.

COMEX Silver Inventory Update: -162,359.980 ounces

COMEX Silver Inventory Update: -162,359.980 ounces

March 12: Gold and Silver Gain Almost 1%

Gold held near unchanged in Asia, but it then jumped higher at about 7AM EST and ended near its late morning New York high of $1598.21 with a gain of 0.77%. Silver surged to as high as $29.35 and ended with a gain of 0.59%.

Industrial Uses Forecast to Boost Demand for Silver

Industrial demand for silver has increased substantially over the past two decades and is expected to soar to a new record level in the coming year. Speaking last week at the annual Prospectors & Developers Association of Canada convention in Toronto, Michael DiRienzo, Executive Director of the Silver Institute, said that demand for silver is broadening in many directions. Industry’s widening use of the precious metal is expected to average more than 483 million ounces (Moz.) from 2012 to 2014, a level 53 percent greater than the average annual industrial fabrication demand of 313.4 Moz from 1992-2001.

iShares Silver Trust Subtracts 150.30 Tonnes

iShares Silver Trust Subtracts 150.30 Tonnes

Fortuna reports record net income, operating cash flow, and sales for 2012

VANCOUVER , March 20, 2013 /CNW/ - Fortuna Silver Mines Inc. (FSM) (FVI.TO) (FVI.TO) (F4S.F) today announces 2012 revenue of $161 million and net income of $31.5 million for the year. For the fourth quarter revenue totaled $37.9 million with net income of $8.5 million . Record silver and gold production for the year increased to a record 3,987,757 ounces and 20,699 ounces, respectively, at a consolidated cash cost per ounce, net of by-product credits, of $5.96.

March 21: Gold and Silver Gain Roughly 1%

Gold climbed to as high as $1616.42 at about 10AM EST before it chopped back lower at times, but it still ended with a gain of 0.54%. Silver surged to as high as $29.312 and ended with a gain of 1.29%.

Silver Wheaton reports record 2012 results

"2012 was another exceptional year for Silver Wheaton, anchored by a fourth quarter that saw record production, sales, revenue, net income, and cash flow for the company," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "With the addition of production from Hudbay's 777 mine midway through the year, plus growing production from Peñasquito, San Dimas and Zinkgruvan, 2012 production exceeded our forecast by over one and a half million ounces." "This translated into sales of over 27 million ounces, with the fourth quarter coming in at over nine million ounces, and full year cash flows of over $719 million. Given our dividend policy of paying out 20% of the trailing quarter's cash flow, Silver Wheaton's strong production growth profile directly translates into higher dividends, with $0.35 per common share paid during 2012, almost double what was paid in 2011, and our strong fourth quarter resulted in our first dividend in 2013 being $0.14 per share." "With the recently announced acquisition of gold streams from Vale S.A.'s Salobo and Sudbury mines, we are confident that 2013 and beyond will bring further growth and many new records to Silver Wheaton. While our organic growth profile now forecasts roughly an 80% increase of silver equivalent production over the next five years, we firmly believe there are yet more accretive opportunities for us to further add to our world-class portfolio of precious metals streams."

SilverCrest Files La Joya Technical Report Updated Resources & Positive Preliminary Metallurgy

SilverCrest Files La Joya Technical Report Updated Resources & Positive Preliminary Metallurgy; Potential For High Grade Cu-Ag-Au Concentrate With Over 30% Copper

Notice: All US and Canadian markets will be closed on Friday

Please note: All US and Canadian markets will be closed on Friday. This will result in large spreads between the silver bid and ask prices.

COT Report - March 29, 2013

...

April 1: Gold Edges Up While Silver Slips

Gold chopped around in a tight range of $1595.00 to $1600.90 in lackluster post-holiday trade and ended with a gain of 0.06%. Silver slipped to as low as $27.87 and ended with a loss of 1.44%.

Prophecy Platinum: enormous upside potential with low risk at the Yukon’s emerging Wellgreen PGM Ni-Cu district, and beyond

Prophecy Platinum (NKL: TSX-V, PNIKF: OTCQX) is a Canadian-based PGM-Ni-Cu company that is focused on developing their district-scale Wellgreen project in the Yukon and fully permitted Shakespeare mine in Ontario. The company is well positioned with respect to fundamental supply and demand changes in the PGM market, and recently appointed managers are helping their team expedite growth.

COMEX Silver Inventory Update: -81,395.465 ounces

COMEX Silver Inventory Update: -81,395.465 ounces

Endeavour Silver Reports Record Production in First Quarter, 2013; Produces 1,489,746 oz Silver (Up 39%) and 15,032 oz Gold (Up 138%)

Endeavour Silver Corp. (EDR.TO)(EXK)(EJD.F) announced today that the Company set new records for silver and gold production in the First Quarter, 2013 from the Company's three operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State.

SilverCrest Continues to Expand Santa Elena Deposit More High Grade Intercepts; 21.6m @ 1.46 gpt Au and 169.1 gpt Ag

SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) (the "Company") is pleased to announce results of further delineation drilling at the Santa Elena Mine in Sonora, Mexico. Since mid 2012, 132 drill holes have been completed to further expand underground resources and reserves. This drill program continues to be extremely successful with the most recent holes identifying additional bonanza grades (as defined below) and providing further intercepts in the El Cholugo Zone. To date, resources at Santa Elena have been delineated along a strike length of over 1,200 metres and to a depth of 600 metres. The results of all holes included in this news release will be part of the ongoing resource expansion and reclassification to be included in the Pre-Feasibility Study for the Santa Elena Expansion Project which is nearing completion.

COMEX Silver Inventory Update: -978,339.568 ounces

COMEX Silver Inventory Update: -978,339.568 ounces

COMEX Silver Inventory Update: +1,434,531.165 ounces

COMEX Silver Inventory Update: +1,434,531.165 ounces

Silver rallies, but set for hefty drop on quarter

Silver futures led the rally among major metals Friday, but it was still poised for a loss of around 16% for the quarter.

Silver Market Update

Much of what is written for the Gold Market update applies equally to silver, so it will not be repeated here. There are, however, some important differences that we will focus on here, which suggest that silver now has really big upside potential from this point, despite its comparatively anemic reaction on Friday to the news out of Europe, compared to other commodities.

Capped at Round Numbers

Gold prices are AGAIN being capped at a round number, this time $1,590/oz despite a veritable cornucopia of gold bullish news, from steadily beating Middle East “war drums,” to FIVE separate pieces of weak U.S. economic data, to the implosion of the MOST IMPORTANT STOCK IN THE MARKET – “Margin Stanley” – following abysmal earnings that included the disclosure that it still needs to post $3 billion for collateral related to the recent Moody’s downgrade. Silver, too, is being heavily capped, at the same KEY ROUND NUMBER of $27.50/oz that has served as the Cartel’s line in the sand for roughly three weeks.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

Silver Market Update

Some weeks ago in a Silver Market update we had noted that a large potential Head-and-Shoulders top area was completing in silver, but we got "...

First Majestic Completes Acquisition of Silvermex Resources

First Majestic Silver Corp. ("First Majestic") (FR.TO)(AG)(FMV.F) and Silvermex Resources Inc. ("Silvermex") (SLX.TO)(OTC.BB:GGCRF)(GSBN.F) are pleased to announce the completion of the plan of arrangement (the "Arrangement") previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.

Real Money

The global economic meltdown continues, with the “President’s Working Group on Financial Markets” doing their best to support the “DOW JONES PROPAGANDA AVERAGE” while other (unnamed) forces attempt to cap the “barometers of bad tidings” – gold and silver.

Silver Market Morning

Gold closed in New York at $1,581.00 $4 higher, yesterday. London’s morning Fix today was set at $1,583.00 up $3 on yesterday and in the euro at €1,291.296, while the euro stood at €1: $1.2259 down nearly 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,581.75 in the middle and in the euro at €1,293.28.

Better Places to Keep Your Money than the Bank

My local bank in Colorado is literally offering to pay me no interest --just an offensive 0.05% annually, before taxes. The interest rate triples to 0.15% when the balance exceeds $50,000. Absolutely no incentive when one considers the risks the bank imposes on your capital, retaining only pennies on the dollar of your money, then leveraging your capital -- fractional banking. How can I be interested in a 0% savings rate deposited at a relatively risky institution while supporting the fractional banking system?

COMEX Silver Inventory Update: -287,542.774 ounces

COMEX Silver Inventory Update: -287,542.774 ounces

First Majestic Reports Second Quarter Financial Results

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

COMEX Silver Inventory Update: +566,677.050 ounces

COMEX Silver Inventory Update: +566,677.050 ounces

The Arbitrageur: The Decline and Fall of Silver Backwardation

On Friday, I published an article...

Comex silver stocks hit highest in at least 28 mths

Silver stockpiles in Comex-monitored warehouses a re at their highest level since at least December 2009, s howing near-term supply of the metal...

Bull Hammer in Silver

There was some major downside price rejection yesterday in Silver which can be seen clearly in the bull "Hammer" daily candlestick pattern. This should make the bears think twice about their prospects. There is potential here for a near term change in trend, but it is important to remember Japanese Candlestick patterns are useless without confirmation.

iShares Silver Trust: +30.18 tonnes

iShares Silver Trust: +30.18 tonnes

Helicopter Ben Speaks

Another typical day in the land of “free markets.” Under an endless crush of “horrible headlines,” stocks are simply not allowed to decline. Of course, when Helicopter Ben speaks before Congress – as he did today in his bi-annual “Humphrey Hawkins” economic testimony – gold is viciously attacked, as if Bennie has EVER hinted of incremental monetary policy on Capital Hill. Just yesterday, gold was a (capped) safe haven, but all of a sudden, it’s not.

CFTC’s Chilton Sees Silver Probe Concluding This Year

A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

July 27: Gold and Silver Gain About 2% on the Week

Gold climbed almost 1% to $1629.31 at around 8:20AM EST before it drifted back lower at times in New York, but it then bounced back higher in late trade and ended with a gain of 0.48%. Silver surged to as high as $27.839 before it also fell back off at times, but it still ended with a gain of 0.98%.

COMEX Silver Inventory Update: -621,019.100 ounces

COMEX Silver Inventory Update: -621,019.100 ounces

August 1: Gold and Silver Fall With Stocks

Gold edged up to $1618.45 in Asia before it dropped down to $1592.17 after the FOMC announcement, but it then bounced back higher in late trade and ended with a loss of just 0.87%. Silver slumped to as low as $27.157 before it also rebounded, but it still ended with a loss of 2.04%.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

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