• Gold: 1,230.91 -0.24
  • Silver: 17.19 -0.00
  • Euro: 1.267 0.000
  • USDX: 85.705 -0.129
  • Oil: 81.30 -0.62

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

1 day 2 hours ago

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%.

Silver smash preempts regularly scheduled column

Well, I was slaving away on Part 2 of my essay exploring one way “stacker issues” might finally go “mainstream” when I became distracted by the latest silver smashdown.

Silver Market Morning

The gold price closed at $1,304.90 down $1.60 on Wednesday in New York. In Asia and early London, prices fell to $1,297. The gold price was Fixed at $1,300.00 down $7.50 and in the euro at €964.678 down €6.358, while the euro was slightly stronger at $1.3476. Ahead of New York’s opening, gold was trading at $1,299.50 and in the euro at €964.59.

July 23: Gold and Silver End Slightly Lower

Gold edged up to $1311.11 at about 8:30AM EST before it chopped back down to $1303.16 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.12%. Silver spiked up to $21.045 before it dropped down to $20.896 and then also rebounded, but it still ended with a loss of 0.1%.

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.

Silver Market Morning

The gold price closed at $1,293.30 down $3.40 on Tuesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,300.25 up $7.50 and in the euro at €948.326 up €8.418 while the euro stood at $1.3711 nearly half a cent weaker. Ahead of New York’s opening the gold price stood at $1,301.50 and in the euro at €948.89.

Silver Fixing Company to Stop Running London Benchmark

The company that runs the London silver fixing, a benchmark dating back more than a century, will stop running the process after Deutsche Bank AG said two weeks ago that it was dropping out of the price-setting ritual.

Historic silver price benchmark bites the dust as banks pull out

The 117-year old London silver price benchmark - or fix - will cease on Aug. 14, its operator said, as regulatory scrutiny of price-setting intensifies across markets.

Total Physical Silver Demand Achieves Record Level in 2013

Total physical silver demand rose by 13 percent in 2013 to an all-time high, according to “World Silver Survey 2014″, released today by the Silver Institute. This was primarily driven by the 76 percent increase in retail investment in bars and coins coupled with a sturdy recovery in jewelry and silverware fabrication. On the supply side, silver scrap fell by 24 percent, experiencing the largest drop on record to reach its lowest level since 2001. The silver price averaged $23.79 in 2013, the third highest nominal average price on record, in a particularly volatile year for the entire precious metals complex.

Silver Market Morning

The gold price closed at $1,306.10 up $12.80 on Wednesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,303.75 up $3.50 and in the euro at €953.731 up €5.405 while the euro stood at $1.3700 weaker again. Ahead of New York’s opening the gold price stood at $1,304.20 and in the euro at €955.00.

Market Report: Firmer tone for gold and silver

This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price presumably designed to take out stop-losses.

Silver Market Morning

The gold price closed at $1,293.1 down $2.50 on Monday, in New York. In Asia the price dropped to $1,291 ahead of London’s opening, where London held it. The gold Fixing was set at $1,291.50 down $9.50 and in the euro at €943.458 down €5.208 while the euro stood at $1.3689. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €943.45.

Silver Market Morning: May 23, 2014

The Russia/China Gazprom deal will lead to 25% of China’s energy requirements being met on the current numbers in the contract, by 2018. We note that this number allows for an increase in this supply thereafter. If we combine this with the internationalization of the Yuan happening in many countries, we see China is building a strong base of operations for the Yuan that allows it to control the value of the Yuan exchange rate as it is doing now with its ‘moving peg’ against the dollar.

COT Silver Report - May 23, 2014

COT Silver Report - May 23, 2014

Silver to Gold Ratio: 27 Years of Data

Investor demand for silver and gold bars and coins is strong and increasing. I think silver and gold prices will be higher by the end of 2014 and much higher by the next US presidential election.

The Mises View: "Silver Money and Inflation"

Mark Thornton explains how silver money keeps inflation in check. Thornton is a Senior Fellow at the Mises Institute.

Silver Market Morning: May 29, 2014

Silver (very short-term) The silver price is should consolidate with a weaker bias, in New York today.

Silver Market Morning

The gold price closed at $1,246.30 on Tuesday, up $3.20 cents in New York. In Asia and London the price slipped slightly by $1 until the Fix, where it was set at $1,246.00 up $1.75 and in the euro at €915.840 up €1.421, while the euro stood at $1.3605. Ahead of the opening in New York the gold price was trading at $1,246.00 and in the euro at €915.27.

GoldSeek TV Interviews Brendan Cahill: We can make money with $20 Silver

GoldSeek.com TV presents an exclusive interview with Brendan Cahill, the President and CEO of Excellon Resource Inc. He discusses several topics with interviewer Vanessa Collette of GoldSeek.com, including: We can make Money with $20 Silver Update on Mexico's Highest Grading Silver Mine Opportunities in this Silver Market

Silver Market Morning

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

Like in “Lost” manipulators keep pushing the button

In the classic TV drama “Lost,” certain occupants of the mysterious island were tasked with the job of punching a sequence of numbers into a computer every 108 minutes to avert an unknown catastrophe.

BNN Interview with President & COO Eric Fier

SilverCrest Mines’ (TSX: SVL NYSE MKT: SVLC) President & COO Eric Fier appeared on BNN’s “Commodities” show with Andrew Bell on Tuesday June 10th, 2014 and discussed the Company’s growth strategy and M&A activities in the precious metals sector in a two-segment interview; please follow the links to view the interview:

June 19: Gold and Silver Soar Over 3% and 4% Higher

Gold climbed steadily higher throughout most of world trade and ended near its late session high of $1319.48 with a gain of 3.47%. Silver rose to as high as $20.893 and ended with a gain of 4.64%.

Gold and Silver Explode Higher! Is it Finally Time to Buy?

As bullish as I am on precious metals going forward, it is important to realize that manipulation is still occurring and there are banks with access to nearly unlimited funds and extreme leverage via futures markets that can slam the price down at will. They are finally being exposed and even fined for the manipulation, putting an end the cries of “conspiracy theory.” But I am not convinced that they are out of the market quite yet.

Excellon resumes drilling at La Platosa

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report the resumption of diamond drilling at its 100%-owned La Platosa Mine located in Durango State, Mexico.

For Silver Bulls, Expanded Coverage Starts Today

In response to popular demand, I’m going to start tracking silver more closely. “There is a lot of talk on the Internet about silver going up a lot around mid-July,” a chat-room denizen averred on Tuesday. Although I’m not one to be influenced by blogger buzz, if Silver is in fact developing thrust for a moon shot, the evidence should soon become apparent on the intraday charts. Most immediately, that would imply a pop through the p=21.325 midpoint Hidden Pivot shown (see inset). That would open a path to at least 22.070 , its D-target sibling. Gold stalled on a spike Monday at an analogous p, but the fact that it didn’t get past it means silver and gold futures are on roughly equal footing at the moment on the bull/bear scale.

Silver Market Morning

The gold price closed at $1,319.60 down $7.30 Thursday in New York. In Asia prices rose to $1,321 ahead of the London Fix which was set at $1,321.50 down $1.00 and in the euro at €972.335 up €3.754, while the euro was weaker at $1.3591 down over half a cent. Thereafter, gold held at roughly the same level being moved by dealers and arbitrageurs in line with the $: € exchange rate, clearly unimpressed by the success of the American Revolution.

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.

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 smash preempts regularly scheduled column

Well, I was slaving away on Part 2 of my essay exploring one way “stacker issues” might finally go “mainstream” when I became distracted by the latest silver smashdown.

Gold Triangle Reality Check

 ...

Gold And Silver Seasonal Trends

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Silver Confirms the Bullish Outlook for Precious Metals

The new year...

Orex Closes 2,500,000 Unit Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S...

Mexico's Silver Mines Shine

...

Chart to keep an eye on - Silver

Silver is showing some congestion in the daily timeframe around the neckline of a "Head and Shoulders" pattern that has yet to be fulfilled. This...

April 25: Gold and Silver End Mixed

Gold waffled near unchanged in Asia and London and edged up to $1644.30 at about 9:15AM EST before it dropped to as low as $1625.25 immediately after today’s fed statement, but it then climbed to as high as $1646.20 in afternoon trade and ended with a gain of 0.16%. Silver slipped to as low as $29.98 before it also recovered, but it still ended with a loss of 0.29%.

Coeur Reports Solid First Quarter Results

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:...

COMEX Silver Inventory Update

...

Silver Market Morning

New York closed at $1,638.70. Asia then took the price down to $1,627 early in London’s morning. The euro remarkably has held above €1: $1.30 at €1: $1.3032 leaving gold in the euro at €1,248.47 down €10 on yesterday. The Fixing in London today was set at $1,627.00 and in the euro at €1,250.769. Ahead of New York’s opening it continued to slip to stood at $1,625.00 and in the euro, which also continued to slip, €1,249.66 while the euro was at €1: $1.3003.

South American Silver Corp. Announces Final Closing of $16 Million Financing with Asian based High Technology Groups

South American Silver Corp.(TSX: SAC, US OTC: SOHAF) is pleased to announce that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering (the "Offering") of 10 million Units of the Company announced 16 April 2012. The offering was priced at $1.60 per Unit, which represented a 6% premium to the 5 day volume weighted average trading price of the Company's common shares at the time the Toronto Stock Exchange (the "TSX") accepted notice of the transaction.

Great Panther Silver Announces 2012 First Quarter Financial Results Release Date and Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/08/12)- GREAT PANTHER SILVER LIMITED (...

COMEX Silver Inventory Update

 ...

Great Panther Updates Mineral Resource Estimates at the Guanajuato Mine Complex and San Ignacio Project; Extends Mineralization at San Ignacio

GREAT PANTHER SILVER LIMITED (GPR.TO)(GPL) ("the Company") announces the completion of the updated mineral resource estimates at the Company's...

Silver Market Morning

New York closed at $1,606.80. Asia and London then took the price down to $1,585 early in London’s morning. The euro fell below €1: $1.30 to €1: $1.2971 leaving gold in the euro at €1,221.96 down €27 on yesterday. The Fixing in London today was set at $1,585.50 down $42 and in the euro at €1,221.37 down 2€8. Ahead of New York’s opening it continued to slip to stood at $1,585.81 and in the euro, which also continued to slip, €1,222.68 while the euro was at €1: $1.2970.

Silver Market Morning

New York closed at $1,591.00. Asia lifted the price up to $1,594 early in London’s morning. The euro stood at €1: $1.2965 leaving gold in the euro at €1,229.46. The Fixing in London today was set at $1,590.00 up $8 and in the euro at €1,228.368 up €7. Ahead of New York’s opening it started to slip again and stood at $1,587.65 and in the euro, which also continued to slip, €1,227.41 while the euro was at €1: $1.2935.

The Power of Relative Value & the Silver Market! WOW!

If this does not get your attention I do not know what will. Imagine buying a $400,000 furnished condo in 2011 with the proceeds of a $6,250 investment that was made in 2003. We know someone who has actually done this by using the power of relative value. Let us explain the concept and then we will explain how the relative value may apply to other great opportunities in our markets today.

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."

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