• Gold: 1,200.98 -0.33
  • Silver: 16.42 -0.06
  • Euro: 1.239 -0.000
  • USDX: 88.279 0.638
  • Oil: 76.57 -0.09

Prices of Gold/Silver Companies to Double from Here?

3 days 16 hours ago

Silver is down 70% from its high of $48.70 an ounce back in April of 2011. And the calls from the mainstream are for silver prices to fall farther, as the Federal Reserve has stopped printing paper money and inflation is nowhere in sight. I beg to differ.

August 13: Gold and Silver End Mixed Yet Again

Gold dropped $4.76 to $1304.94 by a little after 8AM EST before it jumped up to $1314.94 in the next few hours of trade and then chopped back lower at times, but it still ended with a gain of 0.15%. Silver slipped to as low as $19.714 and ended with a loss of 0.6%.

U.S. Mint to use new silver benchmark for coin sales, purchases

The U.S. Mint said on Wednesday it will adopt the new electronic silver benchmark to be unveiled this week for its coin sales, silver purchases and price management programs following the end of the original 'silver fixing' mechanism.

Santacruz Silver Announces Appointment of Chief Operating Officer

Santacruz Silver Mining Ltd. (SCZ.V) (the "Company" or "Santacruz") is pleased to announce the appointment of Mr. Robert Byrd to the position of Chief Operating Officer of the Company effective August 11, 2014. Mr. Byrd will report directly to the President and CEO of the Company, Mr. Arturo Préstamo.

First Majestic Reports Second Quarter Financial Results

"Production in the second quarter, marking another record, increased for the ninth consecutive quarter. Costs continue to improve and remain a primary focus. The bulk of our capital intensive projects are winding down; some by design and some by choice in order to preserve cash during these challenging times."

Silver Market Morning

The gold price closed at $1,309.70 up 60 cents on Tuesday in New York. In Asia on Tuesday gold prices eased slightly to $1,307.50 ahead of the opening in London. The euro began to fall again and stood at $1.3368. The gold price was Fixed at $1,309.25 down $1.75 and in the euro at €980.418 down €2.341, while the euro was at $1.3354. Ahead of New York’s opening, gold was trading at $1,308.90 and in the euro at €979.46.

Fortuna Reports Consolidated Financial Results for the Second Quarter 2014

Fortuna Silver Mines Inc. (FSM) (FVI.TO) (FVI) (F4S.F) today reported revenue of $44.3 million, cash generated from operations, before changes in working capital of $15.1 million and net income of $2.9 million in the second quarter of 2014.

August 12: Gold and Silver End Mixed Again

Gold climbed $8.43 to $1317.53 at about 10:30AM EST before it fell back to $1308.33 at about 1:30PM, but it then bounced back higher in late trade and ended with a gain of 0.05%. Silver edged up to $20.145 in Asia before it fell back to $19.873 by early afternoon in New York and then bounced back higher, but it still ended with a loss of 0.4%.

Silver Market Morning

The gold price closed at $1,309.10 down $2.30 cents on Monday in New York. In Asia on Tuesday gold prices eased slightly to $1,307.50 ahead of the opening in London. The euro began to fall again and stood at $1.3368. The gold price was Fixed at $1,311.00 up $2.75 and in the euro at €982.759 up €5.432, while the euro was weaker at $1.334. Ahead of New York’s opening, gold was trading at $1,311.80 and in the euro at €983.43.

Don't be surprised if silver is the target.

Russia took some very stern retaliatory steps this past week in response to being sanctioned, sanctioned again, and sanctioned further for good measure. Up until this point, Mr. Putin had remained somewhat restrained and I would say almost stoic in his responses by never trying to "one up" the sanctions, only matching them so far. This may have now changed and unfortunately for the West, Russia's retaliation is coming at a poor time.

August 11: Gold and Silver End Mixed and Near Unchanged

Gold fell $5.91 to $1305.49 in Asia before it bounced back to $1311.30 in London and then chopped back lower in morning New York trade, but it then edged back higher in the last four hours of the day and ended with a loss of just 0.78%. Silver slipped to as low as $19.849 in Asia, but it then rose to as high as $20.103 in New York and ended with a gain of 0.35%.

The world’s worst ‘open secret’

In my view, the manipulation (more accurately, “suppression”) of precious metal prices is the most recognized “open secret” in markets today. That is, virtually everyone who participates in the markets that set PM prices understands - takes for granted - that prices are capped and will not be allowed to rise above a certain price point.

The walls are starting to close in on TPTB

The walls are starting to close in on TPTB, as the inflation their money printing created is catalyzing war and unrest the world round ; in the U.S.'s case, alienating essentially anyone that matters.

SilverCrest Announces Completion of Mill Commissioning Major Milestone Achieved as Growth Continues

SilverCrest Mines Inc. (the "Company") (SVL.TO)(NYSE MKT:SVLC) is pleased to announce that the new 3,000 tonne- per-day ("tpd") mill and facilities (CCD-Merrill Crowe recovery) at its 100% owned Santa Elena Mine has been successfully commissioned. The commissioning period began in early May, 2014, and planned for 3 months of ramp-up, which was completed as of August 1, 2014. The Santa Elena Mine is currently transitioning from an open pit heap leach operation to a conventional 3,000 tpd conventional mill facility and underground operation.

Markets: Keep calm and carry on

At the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading days up to 1st August the S&P500 fell 3.8%, and we are not out of the woods yet. At the same time the Russell 2000, an index of small-cap US companies fell an exceptional 9%, and more worryingly it looks like it has lost bullish momentum as shown in the chart below. This indicates a possible double-top formation in the making.

Silver Market Morning

The gold price closed at $1,311.40 down 20 cents on Friday in New York. In Asia on Monday gold prices were down at $1,306 ahead of the opening in London. The euro was at $1.3392 with a wide spread. The gold price was Fixed at $1,308.25 down $9.25 and in the euro at €977.327down €6.69, while the euro was at $1.3386. Ahead of New York’s opening, gold was trading at $1,309.90 and in the euro at €978.16.

August 8: Gold Gains Over 1% on the Week While Silver Slips Nearly 2%

Gold climbed $11.05 to $1322.65 in Asia before it dropped back to $1307.52 in London, but it then bounced back higher in New York and ended with a loss of just 0.015%. Silver rose to as high as $20.161 before it slipped back to $19.865 at one point, but it then edged back higher in late trade and ended with a gain of 0.05%.

Silver Market Morning

The gold price closed at $1,311.60 up $5.20 in New York. In Asia and early London, prices rose further to $1,319.00 as the euro held those levels as the euro held around $1.3383. The gold price was Fixed at $1,317.50 up $15.50 and in the euro at €984.017 up €10.486, while the euro was stronger at $1.3389. Ahead of New York’s opening, gold was trading at $1,317.20 and in the euro at €983.46 pointing to a stronger gold price in New York.

August 7: Gold and Silver End Mixed While Stocks Drop

Gold waffled between $1308.54 and $1302.38 in Asia and London before it popped up to $1313.42 in early afternoon New York trade and then pared back in the next couple of hours of trade, but it then rose to a new session high of $1314.17 in the last hour of the day and ended with a gain of 0.4%. Silver edged up to $20.108 before it dropped back to $19.889 and then bounced back higher, but it still ended with a loss of 0.4%.

Fighting their way up

Well, we're nearly a week past last week's "hell week" of key attack events like the FOMC meeting, COMEX options expiration, and NFP and GDP reports. Well, what do you know, despite TPTB's best efforts - including the "new hail mary" of not trying to QE rates down, but push them up to prevent the "most damning proof yet of QE failure" - rates are nearly down to "post-taper lows" (worldwide), and PMs are fighting their way up. Something clearly must "give" sometime soon; and when it does, you better have protected yourself already.

Government Silver or Private Mint Silver?

I was chatting with one of the owners of GoldSeek Mint and we thought it would be interesting to run a poll to see what type of Silver bullion investors preferred? Do they like Government Silver or Private Mint Silver? Silver bullion investors are a very special bunch of people. We actually have a name for our community, “Silver Bugs”.

Silver Market Morning

The gold price closed at $1,306.40 up $18.30 in New York. In Asia and early London, prices held those levels as the euro held around $1.3377. The gold price was Fixed at $1,302.00 up $13.50 and in the euro at €973.531 up €9.265, while the euro was at $1.3374 reflecting a slightly stronger euro. Ahead of New York’s opening, gold was trading at $1,307.50 and in the euro at €977.20 pointing to a stronger gold price in New York.

ETFS Silver Trust, ETFS Precious Metals Basket Trust & ETFS White Metals Basket Trust to Use CME Group/Thomson Reuters London Silver Price as Their Benchmark Price Starting August 15, 2014

London Silver Market Fixing Ltd. has announced its intention to discontinue the "London Fix" pricing benchmark for silver after August 14, 2014. The London Fix has been the "Benchmark Price" for valuation of silver bullion held by each of the ETFS Silver Trust (NYSE Arca: SLVR) (the "Silver Trust"), the ETFS Precious Metals Basket Trust (NYSE Arca: GLTR) (the "Precious Metals Trust") and the ETFS White Metals Basket Trust (NYSE Arca: WITE) (the "White Metals Trust" and together with the Silver Trust and the Precious Metals Trust, the "ETFS Trusts"). The London Bullion Market Association has accepted a proposal by CME Group and Thomson Reuters to operate a replacement silver price benchmark mechanism. Commencing August 15, 2014, CME Group/Thomson Reuters will operate an electronic, volume-weighted, over-the-counter silver bullion market clearing process to establish and publish a fixed price for a troy ounce of silver once each trading day at Noon London time (the "London Silver Price").

August 6: Gold and Silver Gain Over 1%

Gold saw slight gains in Asia and London before it jumped up to $1309.30 at about 10:30AM EST and then chopped back lower at times, but it still ended with a gain of 1.42%. Silver surged to as high as $20.076 and ended with a gain of 1.16%.

Silver Pyramid Power

Global annual silver production is approximately 820,000,000 ounces or a bit more than 25,000 metric tons. What does that mean in terms that we can more easily understand?

Silver Market Morning

The gold price closed at $1,288.10 down $5.20 in New York. In Asia and early London, prices recovered to $1,292 as the euro fell back to $1.3370 from $1.3394. The gold price was Fixed at $1,288.50 down $4.25 and in the euro at €964.266 down €o.761, while the euro was weaker at $1.3362. Ahead of New York’s opening, gold was trading at $1,289.40 and in the euro at €965.37.

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

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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

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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

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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

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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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