• Gold: 1,217.06 2.46
  • Silver: 17.27 0.08
  • Euro: 1.263 0.001
  • USDX: 85.869 -0.063
  • Oil: 90.79 0.03

October 1: Gold and Silver Gain While Stocks Drop Over 1%

5 hours 51 min ago

Gold climbed $10.33 to $1219.33 by midday in New York before it edged back lower in early afternoon trade, but it still ended with a gain of 0.46%. Silver surged to as high as $17.44 and ended with a gain of 0.76%.

Silver Market Morning

The gold price closed at $1,306.50 down $6.40 on Tuesday in New York. In Asia and early London, prices rose to $1,308. The gold price was Fixed at $1,307.50 up $0.50 and in the euro at €971.036 up €1.595, while the euro was slightly weaker at $1.3465. Ahead of New York’s opening, gold was trading at $1,308.40 and in the euro at €971.42.

July 22: Gold Falls While Silver Holds Firm

Gold fell $10.81 to $1302.09 at about 8:20AM EST before it jumped up to $1315.45 in the next 20 minutes of trade, but it then fell back off again in midmorning trade and ended with a loss of 0.49%. Silver slipped to as low as $20.743 before it climbed to $21.058 and then also fell back off, but it still ended at unchanged on the day.

Calling Rush Limbaugh

If we gold and silver “stackers” are correct, very bad times are ahead for the global economy, developments that will almost certainly negatively impact the standard of living of virtually all people who live on our planet.

Silver Market Morning

The gold price closed at $1,312.90 up $2.40 on Monday in New York. In Asia and early London, prices fell back to $1,306. The gold price was Fixed at $1,307 down $5.75 and in the euro at €969.441 down €1.313, while the euro was slightly weaker at $1.3482 down nearly half a cent. Ahead of New York’s opening, gold was trading at $1,306.60 and in the euro at €969.22.

July 21: Gold and Silver Gain With Bonds and Oil

Gold edged down to $1307.96 in early Asian trade before it jumped up to $1318.17 at about 8AM EST and then fell back to $1310.44 by late morning in New York, but it then bounced back higher in afternoon trade and ended with a gain of 0.18%. Silver rose to as high as $21.105 and ended with a gain of 0.43%.

"Something" is likely to give soon.

It's all closing in on TPTB, as Treasury yields are now in freefall assuming global QE to Infinity - sooner rather than later. Moreover, as more info emerges, the odds that the Malaysian plane was NOT shot down by Russia mount, whilst the Israeli war escalates exponentially.

Silver Market Morning

The gold price closed at $1,310.50 down $9.10 on Friday in New York. In Asia and early London, prices rose to $1,315. The gold price was Fixed at $1,312.75 up $2.50 and in the euro at €970.754 up €2.35, while the euro was slightly weaker at $1.3523. Ahead of New York’s opening, gold was trading at $1,315.10 and in the euro at €972.20.

Gold and Silver Disaggregated COT Report (DCOT) for July 18

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending July 18, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data.

July 18: Gold and Silver Fall About 2% on the Week

Gold fell $14.99 to $1304.61 in early New York trade before it bounced back higher in afternoon trade, but it still ended with a loss of 0.69%. Silver slipped to as low as $20.733 and ended with a loss of 1.37%.

Sharp consolidation

Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.

Silver Market Morning

The gold price closed at $1,319.60 up $21.10 on Thursday in New York. In Asia and early London, prices retreated to $1,312 ahead of London’s opening. The gold price was Fixed at $1,310.25 up $7.50 and in the euro at €968.404 up €5.757, while the euro was slightly weaker at $1.3530. Ahead of New York’s opening, gold was trading at $1,311.30 and in the euro at €969.46.

July 17: Gold and Silver Gain Almost 2%

Gold gained almost $10 to $1308.21 in Asia before it fell back to $1299.65 in London, but it then jumped to as high as $1323.23 in New York and ended with a gain of 1.62%. Silver surged to as high as $21.18 and ended with a gain of 1.88%.

Huffing and Puffing

This week's blatant propaganda scheme is miserably failing; as despite all the Fed's "huffing and puffing" about market overvaluation, (PPT and QE-supported) stocks remain at all time highs, whilst volatility is at all-time lows and Treasury yields are threatening to do the same.

SilverCrest Announces Q2 Production; 173,000 Ounces Silver and 3,995 Ounces Gold

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company") is pleased to announce silver and gold production results from its 100% owned Santa Elena Mine located in Sonora, Mexico, for the second quarter (Q2) of 2014. The Santa Elena Mine is currently transitioning from an open pit heap leach to a conventional 3,000 tonne per day (tpd) mill facility and underground operation. As a result, projected and actual production for the quarter were lower than that of the comparable quarter of 2013. An update on the commissioning activities is provided below

Santacruz Silver Announces Second Quarter 2014 Production Results

Santacruz Silver Mining Ltd. (SCZ.V) (the "Company" or "Santacruz") is pleased to announce second quarter 2014 production of 169,800 payable silver equivalent ounces from the Company's Rosario Mine in San Luis Potosi, Mexico . This production represents a 40% quarter over quarter increase as compared with Q1 2014 payable silver equivalent ounces and the Company remains on schedule to meet its production target of between 850,000 to 1,100,000 silver equivalent ounces by the year-end 2014.

Silver Market Morning

The gold price closed at $1,298.50 up $4.40 on Wednesday in New York. In Asia and early London, prices recovered to over $1,305 ahead of London’s opening. The gold price was Fixed at $1,302.75 up $5.25 and in the euro at €962.647 up €4.517, while the euro was weaker at $1.3533. Ahead of New York’s opening, gold was trading at $1,304.10 and in the euro at €964.00.

July 16: Gold and Silver Gain With Stocks, Bonds, Dollar, and Oil

Gold saw slight gains in Asia and London before it rose to $1303.62 at about 10:45AM EST and then fell back off into the close, but it still ended with a gain of 0.34%. Silver rose to as high as $20.825 and ended with a gain of 0.19%.

Sean Rakhimov: Upward Trend a Silver Investor's Friend

An upward trend is afoot in the silver space, says Sean Rakhimov, editor of SilversStrategies.com. Rakhimov believes that at $26/ounce the reversal of the downward trend in silver will be confirmed and silver investors should set their sights on the next resistance level—$32/ounce. And if that threshold is breached, silver will test $50/ounce and more. In this interview with The Gold Report, Rakhimov talks about trends in the silver space and what makes silver special.

Excellon reports second quarter 2014 production

TORONTO, July 16, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.

Silver Market Morning

The gold price closed at $1,294.10 down $12.60 on Tuesday in New York. In Asia and early London, prices again began to recover rising to $1,298 ahead of London’s opening. The gold price was Fixed at $1,297.50 down $14.50 and in the euro at €958.130 down €7.073, while the euro was weaker at $1.3542 and still falling. Ahead of New York’s opening, gold was trading at $1,298.20 and in the euro at €959.43.

July 15: Gold and Silver Fall About 1% More

Gold climbed $6.97 to $1313.67 by a little after 5AM EST before it plunged down to $1292.203 shortly after 11AM EST and then bounced back higher at times, but it still ended with a loss of 0.96%. Silver edged up to $21.051 before it fell to $20.719 and then also rallied back higher, but it still ended with a loss of 1.00%.

Silver, Gold and Living by the Sword

It is said that, “If you live by the sword, you die by the sword.” Let’s expand the concept and confirm that ancient bit of wisdom. If you depend upon your sword for self-defense and aggression, you can reasonably expect that someday you will meet another swordsman who will slice your body and kill you.

Wow, what a shock! for Whirlybird Janet

Wow, what a shock! Gold and silver attacked on the year's thinnest trading day, one day ahead of the historic "key attack event" of Whirlybird Janet's semi-annual Congressional economic testimony.

Silver Market Morning

The gold price closed at $1,306.70 down $31 on Monday in New York. In Asia and early London, prices began to recover rising to $1,310 ahead of London’s opening. The gold price was Fixed at $1,312.00 down $9.60 and in the euro at €965.203 down €4.664, while the euro was weaker at $1.3593. Ahead of New York’s opening, gold was trading at $1,311.60 and in the euro at €964.80.

Brazen

Brazen. This is the first word that came to mind when I checked today’s silver prices on Silverseek.com, Synonyms for “brazen” include “bold” or “fearless.” To me the word connotes an attitude that one is going to do what one wants and doesn’t care what anyone else thinks. There’s an arrogance, a cockiness or perhaps even an air of desperation I associate with brazen acts and those who commit them.

October 30: Gold and Silver End Mixed in Volatile Trade

Gold dipped $5.55 to $1339.05 in early Asian trade before it climbed to as high as $1359.42 at about 10AM EST and then dropped back under $1335 at about 2:30PM, but it then rallied back higher in last hour and a half of trade and ended with a loss of just 0.13%. Silver surged to as high as $23.065 before it also fell back off, but it still ended with a gain of 0.89%.

Silver Market Morning

Gold closed slightly weaker at $1,342.80 down $1.80 in New York on Wednesday. Asia initially let it slip slightly with dealers following the euro against the dollar in thin trade, but before London opened Asia let it slide to $1,334. London held it around there until the Fix, where it was set at $1,333.75 down $15.75 over yesterday’s Fix. In the euro it Fixed at €975.819 down only €5.0 over yesterday’s Fixing as the dollar strengthened. Ahead of New York’s opening gold stood at $1,332.60 and in the euro at €977.19, while the dollar stood at $1.3637: €1.

2012 Silver Baron Award winner Brad Cooke

Brad Cooke, the CEO of Endeavour Silver (NYSE:EXK) and 2012 winner of the Silver Baron Award, chats with Vanessa Collette about exciting developments he's overseeing at his company.

December 3: Gold and Silver End Near Unchanged

Gold gained $6.18 to $1225.18 in Asia before it fell back to $1215.86 by a little after 10AM EST and then climbed back to $1225.23 in the next hour of trade, but it then drifted back lower into the close and ended with a gain of just 0.3%. Silver edged up to $19.314 in Asia before it fell back to $18.997 and then also bounced back higher, but it still ended with a loss of 0.16%.

BREAKING: Canadian Maple Leaf Sales Q1-Q3 Already Surpass 2012 Total

As the Fed and Central Banks continue to pump huge amounts of liquidity into the market, investors have been buying record amounts of Canadian Silver Maples. Demand for the Canadian Gold & Silver Maples hit a record in 2011, but then declined in 2012 as investors started to believe that the monetary authorities had the financial system back under control -- an illusion that will cost them dearly in the future.

December 4: Gold and Silver Jump Higher

Gold fell $10.87 to $1211.83 at about 6AM EST, but it then jumped to as high as $1251.46 by early afternoon in New York and ended with a gain of 1.69%. Silver slipped to as low as $18.896 in Asia, but it then climbed to as high $19.885 in New York and ended with a gain of 3.24%.

Eric Coffin’s Exclusive Interview with Eric Fier, COO of SilverCrest Mines Inc.

In a sector that has drawn so much market scorn in the past two years, this is a team that just gets it done. I think the current pull back is a perfect time for you to hear the story of this leader in the small producer space and get Eric Fier’s views on why SilverCrest has been such a success. There are lessons and observations that can be applied by traders looking for other winners. It should also be obvious by the end of the interview why SilverCrest continues to be a favorite on the HRA company list.

Santacruz Silver Announces Gavilanes Maiden Resource Estimation: 6.1 million AgEq Ounces Indicated and 28.3 AgEq Million Ounces Inferred

Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) (the "Company" or "Santacruz") is pleased to announce the results of the maiden NI 43-101 Resource Estimate for its Gavilanes silver project located in San Dimas, Durango, Mexico.

January 6: Gold Gains Despite Flash Crash

Gold climbed $9.91 to $1246.31 in early Asian trade before it fell back to $1235.82 by a little before 8AM EST and then rose to a new session high of $1248.18 at about 10:10, but it then “flash crashed” down to $1211.86 at 10:14 and was halted for 10 seconds following a “velocity logic” event - Gold Flash Crashes, Halts Trading Zero Hedge. The yellow metal quickly rebounded however, and ended not far from its pre-crash high with a gain of 0.19%. Silver rose to as high as $20.335 and ended with a gain of 0.05%.

How can someone like me make a prediction about silver prices?

In a sense, I’m not qualified to issue an “expert” opinion on the future prices of silver and gold. I’m a managing editor of a weekly newspaper with a degree in political science. I took two economics classes in college. I don’t work in the “industry” that establishes PM prices. My knowledge of futures markets, “all-in” mining costs and technical analysis is elementary at best.

Silver Market Morning

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

SilverCrest Announces Record Annual and 4th Quarter Production in 2013

“2013 was another successful year and marked SilverCrest’s second full year in commercial production. Management congratulates our operating team for their valuable contributions and for delivering on their commitments. Santa Elena surpassed production guidance which was revised upwards during the year and produced 2.66 million AgEq(1) ounces in 2013. Moving forward in 2014, SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production to approximately 3.3 million to 3.6 million AgEq(1) ounces. Management will continue to focus on improving cash flows by reducing costs and increasing productivity where possible to offset the current precious metals prices. Operating cash costs are expected to range from $8.50 to $9.25 AgEq(1) ounce in 2014. Further details on market guidance will be presented in the upcoming annual financial report."

Interview with Eric Sprott

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver – The Power Of Thought Will Ultimately Prevail

It has become universally recognized that the power of thought can change anything. Silver remains incredibly undervalued, and that bodes well for all of us silver stackers. The fact that silver and gold have purposefully been suppressed by the moneychangers makes the future for the next price rise to be greater than ever. Any time anything has been artificially manipulated, it makes the ultimate outcome far worse than was planned by those doing everything possible to prevent a rise in prices. Central planning always fails.

Silver Market Morning: January 21, 2014

We expect consolidation by the silver price today, in New York.

Silver Market Morning: January 23, 2014

Silver – The silver price true to history continues to move in tandem with gold. That’s why, what affects gold affects silver prices too.

Silver Market Morning

New York saw gold jump to $1,262 from $1,237 before closing at $1,259. Asia held it slightly higher ahead of the opening in London. The dollar traded at $1.3686 somewhat weaker than yesterday. London traded it up until the Fixing, which was set at $1,259.25 up $15.00 on Thursday. In the euro, it Fixed at €920.437 up €7.561 reflecting a weaker dollar which stood at $1.3730, down a cent. The Fix was set higher than the market was trading showing strong demand. Ahead of the opening in New York gold stood at $1,271.10 and in the euro at €925.78.

The Financial Cancer is No Longer Dormant

If this is indeed “the Big One,” the timeframe to PROTECT oneself may run out very, very quickly. Hopefully, you have spent the past five years preparing for the inevitable, global currency crash; and if you haven’t, what are you waiting for? All aspects of one’s life should be considered; but when it comes to the financial aspect, only PHYSICAL gold and silver have maintained their purchasing power throughout similar crises – and likely, will benefit more than any other asset class from what’s coming. Whether or not the “greatest wealth transfer in history” occurs – from those holding fiat-currency denominated wealth to those holding real assets – we don’t know, but we suspect it will. Either way, the odds of surviving what’s coming will increase exponentially if you limit your exposure to the financial cancer enveloping the world; i.e., the destruction of fiat currencies.

Silver Market Morning: January 28, 2014

Silver (very short-term) We expect silver to consolidate with a positive bias, in New York.

Silver Market Morning

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

Silver Market Morning

The New York gold price was almost unchanged at $1,267.10 up nearly $10 at the close on Friday. Asia took it up to $1,272.50 ahead of London’s opening on Monday. London set the gold price at $1,273.50 up $13.50 up on Friday. In the euro, it Fixed at €933.856 up €5.132, while the dollar stood at $1.3637, again, weaker. Ahead of the opening in New York gold stood at $1,273.18 and in the euro at €933.72.

Fortuna Silver Mines (TSX: FVI/NYSE: FSM): Follow Up #1

Fortuna Silver Mines is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing. Fortuna is one of the fastest growing silver producers in Latin America, with two 100 percent owned underground mines in Peru and Mexico.

Silver Market Morning

The New York gold price rose slightly to $1,290.90 up $1.00 at the close on Wednesday. Asia held it there ahead of London’s opening. London held it there before Fixing the gold price at $1,290.25 up $3.75. In the euro, it Fixed at €943.648 up €0.812, while the dollar stood at $1.3673, almost unchanged. Ahead of the opening in New York gold stood at $1,292.50 and in the euro at €945.88.

Line in the sand broken

It looks like the Cartel's eight-month "line in the sand" at $20/oz silver has finally been broken; as has their three-month "line in the sand" at $1,250 gold. Gold forward rates have again gone decidedly negative, ETF purchases have surged amidst record Chinese demand, and this week's news of massive gold mining writeoffs highlights just how tight the physical market is, and will be.

James Turk: Erosion of Trust Will Drive Gold Higher

James Turk, founder of precious metals accumulation pioneer GoldMoney, has over 40 years' experience in international banking, finance, and investments. He began his career at the Chase Manhattan Bank and in 1983 was appointed manager of the commodity department of the Abu Dhabi Investment Authority.

July 18: Gold and Silver End Slightly Lower

Gold climbed to $1584.69 in Asia before it fell back to as low as $1567.62 by about 9AM EST, but it then climbed back to as high as $1582.53 in late morning New York trade and ended with a loss of just 0.28%. Silver rose to $27.30 before it dropped back to $26.90, but it then rose to a new session high of $27.31 and ended with a loss of just 0.07%.

COMEX Silver Inventory Update: -85,010.678 ounces

COMEX Silver Inventory Update: -85,010.678 ounces

Huldra Silver Provides Progress Update on Treasure Mountain and the Merritt Mill

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") today provides a progress update on the mining operations at its 100% owned Treasure Mountain Property and an update on the construction of its 200 tonne per day mill in Merritt, BC.

Hecla makes hostile takeover bid for U.S. Silver Corp

Hecla Mining Co made an all-cash hostile bid to buy U.S. Silver Corp for C$110.7 million, a month after the Canadian company agreed to be bought by RX Gold & Silver Inc.

July 26: Gold and Silver Gain Almost 1%

Gold jumped to as high as $1621.37 before it fell back off a bit in New York, but it still ended with a gain of 0.69%. Silver surged to as high as $27.815 and ended with a gain of 0.55%.

COMEX Silver Inventory Update: +845,625.07 ounces

COMEX Silver Inventory Update: +845,625.07 ounces

U.S. Silver Board Recommends Rejection of Hecla Offer and Reaffirms Recommendation for Combination Transaction with RX Gold

U.S. Silver Corporation (USA.TO) ("U.S. Silver" or the "Company") announced that its Board of Directors unanimously recommends that U.S. Silver shareholders REJECT the unsolicited cash offer from Hecla Mining Company ("Hecla") to acquire all of the outstanding common shares of U.S. Silver (the "Hecla Offer").

Fed Signals More Steps to Spur Economy Amid Slower Growth

“Economic activity decelerated somewhat over the first half of this year,” the Federal Open Market Committee said today at the conclusion of a two-day meeting in Washington. “The committee will closely monitor incoming information on economic and financial developments and will provide additional accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.”

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

August 8: Gold and Silver End Near Unchanged

Gold fell $8.20 to $1603.40 by a little after 8AM EST before it rallied to as high as $1616.49 in the next hour and a half of trade, but it then drifted back lower midday and ended with a gain of just 0.07%. Silver slipped to $27.699 before it rose to $28.246 by late morning in New York, but it then fell back off in afternoon trade and ended with loss of 0.32%.

Silver Market Morning

New York gold closed at $1,599.60 down $8.70. London took gold down to $1,594 ahead of the Fix after which it Fixed at $1,594.74 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,293.600 down €12 on yesterday morning. Ahead of New York’s opening gold looked slightly stronger at $1,595.60 in the middle and in the euro at €1,299.40.

iShares Silver Trust: 9,691.18 tonnes

iShares Silver Trust: 9,691.18 tonnes

August 15: Gold and Silver End Slightly Higher

Gold edged up to $1603.09 in Asia before it fell back to $1590.08 at about 4AM EST, but it then rose to as high as $1605.83 in New York and ended with a gain of 0.28%. Silver slipped to as low as $27.496 at about 4AM EST, but it then rose to as high as $27.99 in New York and ended with a gain of 0.07%.

Silver Market Morning

New York gold closed at $1,604.10. London held gold there through the morning right up to the Fix where it Fixed at $1,603.50 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.739, up €13 on yesterday. Ahead of New York’s opening, gold was steady at $1,603.55 in the middle and in the euro at €1,306.62.

iShares Silver Trust: 9,733.39 tonnes

iShares Silver Trust: 9,733.39 tonnes

SilverCrest Announces Trading on NYSE MKT to Commence August 27, 2012

SilverCrest Mines Inc. (SVL.V)(STVZF) ("SilverCrest" or the "Company") is pleased to announce that its common shares have been authorized for listing on the NYSE MKT in New York. The shares will begin trading on the NYSE MKT on August 27, 2012 under the trading symbol "SVLC". The Company's common shares will continue to be listed on the TSX Venture Exchange under the trading symbol "SVL".

Silver Tacks on the "30" Handle

Silver needs to close out the week on a strong note to punch through the downtrending resistance line noted on this weekly chart. The ability to put a handle of "30" in front of the price is extremely helpful from both a psychological and technical perspective but a solid trending move is still not yet in the cards until silver can decisively gain the $32.50 level. Even at that, dip buyers should begin making their appearance in this market as the technical posture has changed significantly this week.

Huldra Silver Receives Geochemistry Results Up to 124 Grams Per Tonne Silver

Vancouver, British Columbia – December 7, 2011 – Huldra Silver Inc. (TSX-V:HDA, HUSIF.PK) (the "Company" or "...

Scorpio Mining Reports Record 2011 Production Results and 2012 Guidance for Nuestra Señora

Scorpio Mining Corporation (TSX: SPM.TO) ("Scorpio Mining" or the "Corporation") is pleased to report that the 2011 production results for the...

Silver Eagles Soar

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Is the silver surge sustainable?

Silver has been about the best performing metal commodity so far this year, currently fetching more than 25% more than it did at the close of 2011...

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