• Gold: 1,213.16 1.75
  • Silver: 16.60 0.03
  • Euro: 1.119 0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

February 27: Gold and Silver Gain About 1% and 2% on the Week

4 hours 38 min ago

Gold edged down to $1204.71 in late Asian trade before it climbed up to $1219.32 in late morning New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $16.697 and ended with a gain of 0.18%.

Silver Market Morning

The gold price closed at $1,211.20 down $17.80 on Wednesday. Asia and London took down to $1,204.80. The euro is weaker this morning at $1.2587 down 1.48 cents on the day. The Fix was set $1,205.75 down $23.50 and in the euro at €958.085 down €6.487, while the euro stood weaker at $1.2585. The volumes of gold traded were two sellers selling 40,000 ounces and two buyers buying 24,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,206.20 and in the euro at €957.91.

October 29: Gold and Silver Fall About 1%

Gold edged above $1230 in Asia before it dropped back to $1221.28 by a little before 9AM EST and then bounced back towards unchanged in the next hour of trade, but it then fell to a new session low of $1209.08 after today’s fed statement and ended with a loss of 1.42%. Silver slipped to as low as $17.053 and ended with a loss of 0.81%.

Silver Market Morning

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

Time Running Out on Silver Bear

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

Why Silver and Gold Are the GOOD NEWS Metals

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

Santacruz Silver Files San Felipe Preliminary Economic Assessment Report

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

Silver Market Morning: Oct-28-2014

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

3 Reasons Why I Remain Bullish on Silver

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

Silver Market Morning: Oct-27-2014

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

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

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

Market Report: Precious metals subdued as panic over

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

October 23: Gold and Silver Close Mixed

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

Santacruz Silver Announces Third Quarter 2014 Production Results

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

Voters should ask these questions!

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

Silver Market Morning

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

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

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

October 22: Gold and Silver Fall With Stocks

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

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

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

Silver Market Morning

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

October 21: Gold and Silver Gain With Stocks

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

Silver Market Morning

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

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

Gold dipped $3.21 to $1234.59 in Asia before it climbed up to $1248.60 in early New York trade and then chopped back lower into midday, but it then edged back higher in afternoon trade and ended with a gain of 0.67%. Silver rose to as high as $17.519 and ended with a gain of 0.93%.

Silver Market Morning

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

Why worry about bullion silver?

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

October 17: Gold and Silver End Mixed on the Week

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

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

 ...

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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