• Gold: 1,088.38 0.19
  • Silver: 14.74 -0.00
  • Euro: 1.093 -0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

July 30: Gold and Silver Fall With Oil

2 hours 43 min ago

Gold fell $14.55 to $1082.65 in Asia before it bounced back to $1094.88 in late morning New York trade, but it then fell back off again into the close and ended with a loss of 0.83%. Silver slipped to as low as $14.638 and ended with a loss of 0.54%.

Silver Lows and Bubble Bonds

T bonds have been levitated higher as central banks aggressively pushed their “Inflate or Die” QE process. Examine this log scale chart of monthly T bonds since 1985. I have drawn a red line that more or less connects the most significant tops in the past 30 years.

Silver Manipulation May Be The Most Extreme In History

The open interest in Comex silver hit another new all-time high yesterday. As of Wednesday’s final open interest report, the open interest in silver was 189.7k contracts. This is the highest the open interest has been based on data I have going back to April 2005.

Here We Go Again -- Another Silver Short Sqeeze Looms

Back on April 15, we accurately projected that a major Spec short squeeze was brewing in the coming days. Nine days later, silver shot higher in a move of +14% in just over three weeks. Well, guess what. The conditions that created that move have returned and another significant short squeeze is right around the corner.

The fallacies of GDP

The common error of confusing growth with progress goes largely unnoticed, though it permeates all macroeconomic analysis. There is no better example of this mistake than the fallacies behind the interpretation of Gross Domestic Product (GDP). GDP is the market value of all final goods and services in a given year. As such, it is only an accounting identity reflecting the quantity of money in the economy.

Silver Market Morning

New York closed at $1,181.50 down $4.70. Today sees the dollar stronger at $1.1189 up from $1.1271 nearly a cent stronger against the euro with the dollar index stronger at 95.40 up from 95.03. The LBMA Gold Price was set at $1,179.25 down $1.25 with the equivalent euro price at €1,053.98 up €6.18. Ahead of New York’s opening, gold was trading in London at $1,181.10 and in the euro at €1,055.26.

SilverCrest Reports Results of AGM

SilverCrest Mines Inc. (the "Company" or "SilverCrest") is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held yesterday in Vancouver, B.C.

June 11: Gold and Silver End Mixed

Gold fell $9.22 to $1176.98 at about 8:30AM EST before it jumped up to $1185.20 in the next 15 minutes of trade and then drifted back lower into midday, but it then bounced back higher in afternoon trade and ended with a loss of just 0.4%. Silver slipped to as low as $15.837 before it also rallied back higher in late trade and ended with a gain of 0.06%.

Indian Silver Demand Explodes to US Silver Owners’ Delight

- India may absorb as much as one third of total global silver production this year - Strong demand for silver steadily increasing year by year - Indian citizens and solar industry take advantage of current low prices in silver - U.S. silver imports still enormous despite ostensible decline in demand

Silver Market Morning

New York closed at $1,186.20 up $9.70 as bargain hunters came in at low levels. Today sees the dollar stronger at $1.1271 up from $1.1326 up half a cent against the euro with the dollar index stronger at 95.03 up from 94.67. The LBMA Gold Price was set at $1,180.50 down $5.50 with the equivalent euro price at €1,047.80 up 65 cents. Ahead of New York’s opening, gold was trading in London at $1,179.60 and in the euro at €1,047.23.

June 10: Gold and Silver Gain With Stocks

Gold climbed $15.71 to $1192.21 by about 8:30AM EST before it fell back off in the next four hours of trade, but it still ended with a gain of 0.82%. Silver rose to as high as $16.237 and ended with a gain of 0.31%.

Silver Market Morning

New York closed at $1,176.50 up $2.50, again in very thin volumes, with, again, Asia virtually absent. Today sees the dollar weaker at $1.1326 down half a cent against the euro with the dollar index weaker at 94.67 down from 95.41. The LBMA Gold Price was set at $1,186.00 up $5.00 with the equivalent euro price at €1,047.15 down €2.81. Ahead of New York’s opening, gold was trading in London at $1,188.40 and in the euro at €1,051.59.

June 9: Gold and Silver End Mixed Again

Gold climbed $8.91 to $1182.91 at about 8AM EST before it fell back off in the next couple of hours of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $16.191 before it also fell back off and ended with a loss of 0.25%.

Silver Market Morning

New York closed at $1,174.00 up $3.10, again in very thin volumes, with Asia virtually absent. Today sees the dollar weaker at $1.1267 down a cent and a half against the euro with the dollar index weaker at 95.41 down from 96.29. The LBMA Gold Price was set at $1,181.00 well above the trading levels seen in the market before the price setting and up $7.60 with the equivalent euro price at €1,049.96 down €4.97. Ahead of New York’s opening, gold was trading in London at $1,182.30 and in the euro at €1,049.07.

June 8: Gold and Silver End Mixed While Dollar Drops

Gold climbed $6.47 to $1177.37 in early Asian trade before it fell back to $1170.23 at about 11AM EST, but it then bounced back higher in the last five hours of trade and ended with a gain of 0.26%. Silver rose to $16.155 in Asia, but it then drifted back lower in morning New York trade and ended with a loss of 0.5%.

National Debt - Or 1 is Too Many and 12 Are Not Enough

The Vietnam War in the US is often mentioned as a major cause of the inflationary 1970s. The war and spending escalated in the late 1960s after Johnson became President. The national debt increased about $20 Billion between 1967 and 1968, which was big money back then. But 11 years later the national debt increased by $80 Billion. Once deficit spending and currency devaluation began, it was difficult to return to fiscal sanity.

Silver Market Morning

New York closed at $1,170.90 down $6.10 on Friday, again in very thin volumes. Today sees the dollar slightly weaker at $1.1126 down a cent against the euro with the dollar index firmer at 96.29 against Friday’s 95.67. The LBMA Gold Price was set at $1,173.40 down $2.50 and the equivalent euro price was €1,054.93 up from €1,047.11 on Friday. Ahead of New York’s opening, gold was trading in London at $1,175.00 and in the euro at €1,056.37.

Gold: Surviving the Last Few Months of the Bear Market

As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to the previous C-wave top except one.

Silver Longs Still Vulnerable

About a week ago, I wrote a short piece detailing the excessively lopsided long position in the silver market noting at that time, that anyone who has long needed to be paying very close attention to their positions.

June 5: Gold and Silver Fall Almost 2% and 4% on the Week

Gold dropped down to $1162.85 at about 9:30AM EST, but it then rallied back higher into the close and ended with a loss of just 0.52%. Silver slipped to as low as $15.987 and ended with a loss of 0.49%.

Debt and the Tinderbox

We know that the Federal Reserve cranked up their digital printing presses and created over $16 Trillion in new currency, swaps, loans, bailouts, gifts, etc. in response to the 2008 financial crisis. Example: Bernie Sanders says that Bank of America received over $1.3 Trillion in bailouts.

Silver Market Morning

New York closed at $1,177.00 down $16.40 against Wednesday’s close as there were very thin volumes being traded. Today sees the dollar slightly firmer at $1.1226 down from $1.1126 against the euro with the dollar index weaker at 95.67. The LBMA Gold Price was set at $1,175.90 down $11.10 and the equivalent euro price was €1,047.11 down €14.72. Ahead of New York’s opening, gold was trading in London at $1,173.20 and in the euro at €1,044.84.

June 4: Gold and Silver Fall With Oil Again

Gold dropped $12.35 to $1172.95 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.7%. Silver slipped to as low as $16.132 and ended with a loss of 2.24%.

June 3: Gold and Silver Fall With Dollar and Oil

Gold dropped $13.62 to $1179.78 in early afternoon New York trade before it bounced back higher, but it still ended with a loss of 0.68%. Silver slipped to as low as $16.416 and ended with a loss of 1.49%.

One Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation

It has long been known to silver market watchers that when it comes to the price of paper silver, there has long been a chronic and extremely concentrated shorting presence at the Comex, one which the CFTC has persistently refused to address even though it consistently surpasses the proposed limits on derivative positions. Now, at long last, a Canadian silver miner, First Majestic Silver Corp., has decided to take the CFTC to task.

Silver Market Morning

New York closed at $1,193.40 up $3.70 on Monday as the trading range remains tight but pushing up persistently. Today sees the dollar weaker at $1.1126 down from $1.0898 against the euro with the dollar index at 96.05. The LBMA Gold Price was set at $1,186.60 down $2.15 and the equivalent euro price was €1,061.83 down €20.92. Once again this was a currency play against a weaker dollar and stronger euro. Ahead of New York’s opening, gold was trading in London at $1,188.60 and in the euro at €1,068.93 with the euro recovering still further.

iShares Silver Trust Adds 9.01 Tonnes

iShares Silver Trust Adds 9.01 Tonnes

COMEX Silver Inventory Update: +2,391,349.790 ounces

COMEX Silver Inventory Update: +2,391,349.790 ounces

COMEX Silver Inventory Update: -606,188.735 ounces

COMEX Silver Inventory Update: -606,188.735 ounces

Fortuna intercepts 736 g/t Ag and 4.8 g/t Au over 19.3 m at Trinidad North discovery, San Jose Mine, Mexico

Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) is pleased to report continued success in the exploration drilling at the Trinidad North discovery at the San Jose Mine in Mexico . Drilling continues to intercept high-grade silver-gold mineralization over wide widths with the mineralization remaining open to the north and to depth.

Join SilverSeek.com in Vancouver at the World Resource Investment Conference May 26/27

Cambridge House International announced the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen.

May 28: Gold and Silver Fall About 1%

Gold fell over $21 to $1373.66 at about 10:15AM EST before it rose to as high as $1401.20 in the next hour and a half of trade, but it then fell back off into the close and ended with a loss of 0.98%. Silver slipped to $22.14 before it climbed back to $22.634, but it then fell back off in early afternoon trade and ended with a loss of 1.59%.

May 30: Gold and Silver Rise Over 1% More

Gold popped up to $1410.53 in Asia before it fell back under $1400 in London, but it then rose to as high as $1417.80 in New York and ended with a gain of 1.36%. Silver surged to as high as $23.085 and ended with a gain of 1.25%.

June 3: Gold and Silver Gain About 2%

Gold climbed to $1401.64 by a little after 4AM EST before it fell back to $1390.83 in the next six hours of trade, but it then climbed to as high as $1416.69 in New York and ended with a gain of 1.96%. Silver surged to as high as $22.952 and ended with a gain of 2.57%.

June 11: Gold and Silver Fall With Stocks, Dollar, and Oil

Gold fell to as low as $1366.70 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $21.49 and ended with a loss of 1.19%.

June 12: Gold and Silver Gain While Stocks Fall

Gold dipped to $1373.73 in Asia and traded mostly slightly lower in London before it jumped up to $1394.25 in late morning New York trade and then drifted back lower in afternoon trade, but it still ended with a gain of 0.73%. Silver surged to as high as $22.012 and ended with a gain of 0.37%.

Huldra Silver Provides an Update on Mill Efficiencies and Surface Exploration Plans

As part of an effort to reduce costs and increase efficiency, Huldra has temporarily suspended milling operations in Merritt, BC a few days prior to a planned maintenance procedure in order to install previously purchased rubber ball mill liners that will significantly increase the throughput capacity of the mill to approximately 300 tonnes per day from the current maximum of 250 tonnes per day, depending on the work index of the mill feed. The delivery of the liners is expected later this week and should take approximately one day to install. The ball mill is currently being prepared for the new liners. A number of other maintenance items will be completed during this time to increase the efficiency of the operation of the mill. Once complete, the mill will be run at maximum capacity with reduced cost. Only essential personnel will be on site during the maintenance procedure.

July 3: Gold and Silver Gain as Oil Tops $100

Gold fell $5.50 to $1236.70 at about 3:30AM EST, but it then rose to as high as $1259.40 in New York and ended with a gain of 0.86%. Silver surged to as high as $19.905 and ended with a gain of 2.38%.

July 9: Gold and Silver Gain Almost 1%

Gold climbed $23.70 to $1260.20 in Asia before it fell back off in London and New York to as low as $1241.90 at about 2:20PM EST, but it then rallied back higher in the next hour of trade and ended with a gain of 0.96%. Silver rose to $19.506 before it fell back to $19.066 in London, but it then bounced back higher in New York and ended with a gain of 0.84%.

Silver Market Morning

New York closed on Tuesday at $1,285.40 up $34.30. This morning in Asia pulled back to $1,280 then as London started it slipped back to $1,275 and was Fixed at $1,275.00 down $5.75 on yesterday’s Fix and in the euro at €976.787, down €5.0 showing gold yesterday moved down in both currencies as the dollar recovered. Ahead of New York’s opening gold was trading at $1,276.95 and in the euro at €978.81.

Silver Market Morning

Asia again lifted the market up to $1,336 after New York closed at $1,333.70 up another $16 on London. London pulled it lower ahead of the Fix where it was set at $1,326.75 up $13 from yesterday but down $10 on the start of the day and was Fixed in the euro at €1,007.10 up nearly €9.00. Ahead of New York’s opening gold was going firmer at $1,329.55 and in the euro at €1,008.84.

Silver Market Morning

New York closed at $1,342.4 up $8.70. London lifted it ever so slightly to $1,343.30 ahead of the Fix where it was set at $1,340.00 up $13.25 from yesterday and was Fixed in the euro at €1,012.31 up €5.20. Ahead of New York’s opening gold was holding that level and in the euro at €1,012.96.

July 31: Gold and Silver End Mixed In Volatile Trade

Gold jumped to $1338.55 in early Asian trade before it fell to as low as $1306.20 at about 11AM EST and then bounced back higher after this afternoon’s fed statement, but it still ended with a loss of 0.26%. Silver slipped to as low as $19.39 at about noon EST, but it then rallied back higher in the next few hours of trade and ended with a gain of 0.51%.

August 6: Gold and Silver Fall About 1%

Gold fell to as low as $1279.64 by a little before 10AM EST before it bounced back higher midday, but it still ended with a loss of 1.37%. Silver slipped to as low as $19.47 and ended with a loss of 0.82%.

August 7: Gold and Silver End Near Unchanged

Gold fell to $1272.60 in London before it rebounded to as high as $1289.09 in New York, but it then fell back off in the last hour of trade and ended with a gain of just 0.12%. Silver slipped to $19.159 before it rose to as high as $19.62, but it also fell back off in late trade and ended with a loss of 0.05%.

Silver Market Morning

New York closed at $1,285.10 up $1.50 but down $18.80 on the day before. Asia saw the gold price lifted to $1,290. It then Fixed in London at $1,287.75 down $4.25 and in the euro at €964.246 down nearly €8.80. Ahead of New York’s opening gold was at $1,288.65 and in the euro at €965.03.

August 12: Gold and Silver Gain About 2% and 4%

Gold rose over $20 in Asia before it fell back to $1322.60 in London, but it then climbed to as high as $1343.30 in New York and ended with a gain of 1.77%. Silver surged to as high as $21.451 and ended with a gain of 4.3%.

August 14: Gold and Silver Gain About 1% and 2%

Gold fell to $1315.70 in Asia before it rebounded to $1327.00 at about 5AM EST and then dropped back to $1319.00 in the next four and half hours of trade, but it then jumped to as high as $1335.86 in New York and ended with a gain of 1.01%. Silver surged to as high as $21.851 and ended with a gain of 1.82%.

August 15: Gold and Silver Gain About 2% and 5%

Gold rose $11.04 to $1346.04 in Asia before it fell to see a $16.01 loss at $1318.99 after this morning jobs data was released, but it then rallied back higher throughout most of the rest of trade and ended near its midafternoon high of $1369.59 with a gain of 2.09%. Silver climbed to $22.171 in Asia before it fell to as low as $21.71 at about 9AM EST, but it then rose to as high as $23.171 and ended with a gain of 4.99%.

Losing Control

The Fed is on the verge of completely losing control of its Treasury bond "QE" Ponzi Scheme; as in reality, the 32-year Treasury Bond market is decidedly OVER. China and Japan are selling, the rest of the world is selling, and thus, the Fed will likely be forced to announce "QE5" around the same time they were initially expected to start "tapering."

Discover Your Next Resource Investment With Two of The World’s Top Resource Financiers: Ned Goodman & Eric Sprott

Cambridge House International is pleased to announce the attendance of two of the World’s top resource financiers at the upcoming Toronto Resource Investment Conference. Ned Goodman, founder of Dundee Corporation, and Eric Sprott, founder of Sprott Asset Management LP, will be delivering keynote speeches during a historic moment in the resource sector.

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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Craig Hemke, 100.0% (2 votes)
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