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Silver Investors' Declaration of Independence From Rigged Exchanges

8 hours 34 min ago

Individual silver investors around the world have had enough of the manipulation and market rigging that takes place in the silver market exchanges. The COMEX and LBMA are the largest and most corrupt of these exchanges. These exchanges collude with the large bullion banks to destroy all other participants in the silver market and it is now TIME to remove ourselves from their control. We call on all silver investors from around the world to REMOVE yourselves from "their" exchanges and purchase physical silver ONLY in a form that is OUTSIDE of their control. The following is our Declaration of Independence...

July 1: Gold and Silver End Slightly Lower

Gold drifted lower in quiet trade and ended near its late session low of $1167.60 with a loss of 0.34%. Silver slipped to as low as $15.55 and ended with a loss of 0.83%.

Silver Market Morning

New York closed at $1,172.50 down $6.70. Asia and London held it there. The dollar was half a cent stronger at $1.1124 and the dollar Index was higher at 95.70 after being 95.24. Then the euro started to fall again and the LBMA gold price was set this morning at $1,171.70 down $3.30. The euro equivalent was €1,057.73 up €5.81. Ahead of New York’s opening, gold was trading in London at $1,170.20 and in the euro at €1,054.80.

June 30: Gold Ends Slightly Lower

Gold fell $10.54 to $1168.66 by a little after 11AM EST before it bounced back to $1178.32 in the next hour of trade, but it then drifted back lower into the close and ended with a loss of 0.57%. Silver slipped to as low as $15.505 and ended unchanged on the day.

Silver About to Turn More Volatile

Silver has moved sideways for about nine months, after it moved sideways from a slightly higher level for about 14 months. Boring!

June 26 Silver Flash Crash: A Forensic Analysis

On Friday morning, at around midnight (Arizona time), the price of silver had a little crash. It dropped 30 cents in 11 minutes. More importantly, it dropped more than 10 cents in a single second. Then, the price rose above its level before the event. Here is a graph of the event, with each tick representing one minute.

Silver Market Morning

New York closed at $1,179.20 up $5.10. Asia took it and London then pulled it back to $1,175.80. The dollar recovered by 1.5 cents to $1.1174 and the dollar Index was lower at 95.24 after being 95.61. The LBMA gold price was set this morning at $1,175 down $1.50. The euro equivalent was €1,051.92 down €12.79. Ahead of New York’s opening, gold was trading in London at $1,172.60 and in the euro at €1,048.23.

June 29: Gold Gains While Stocks Drop 2%

Gold climbed $13.21 to $1187.31 in Asia before it fell back to $1173.92 by a little after 9:30AM EST, but it then bounced back higher into the close and ended with a gain of 0.43%. Silver slipped to as low as $15.697 and ended with a loss of 0.51%.

Silver Market Morning

New York closed at $1,174.10 up $1.00. Asia took it up $6 and London then pulled it back to $1,177. The dollar was 2 cents weaker at $1.1017 and the dollar Index was higher at 95.69 up from 95.10. The LBMA gold price was set this morning at $1,176.50 up $2.10. The euro equivalent was €1,064.71 up €16.75. Ahead of New York’s opening, gold was trading in London at $1,180.00 and in the euro at €1,056.87.

The Criminality of The Comex

How is this even legal? That's a serious question and I'd like a serious answer after the you read what is presented below. Immediately following the short squeeze in mid-May that resulted in a 10% price move in just five days, the "Large Specs" in silver set out to rebuild (or were tricked into rebuilding) a massive naked short position in Comex silver. As you can see on the chart below, over the past five weeks, these Large Specs have added 41,806 gross naked short contracts to their accumulated position.

June 26: Gold and Silver Fall About 2% on the Week

Gold climbed $5.20 to $1178.30 in late Asian trade before it fell back to $1168.71 in London, but it then bounced back higher in New York and ended with a gain of 0.09%. Silver rose to as high as $15.918 and ended with a loss of 0.44%.

Silver Market Morning

New York closed at $1,173.10 down $1.30. Asia took it up $2 and London held it there. The dollar was weaker at $1.1217 up from $1.170 and the dollar Index was lower at 95.10 down from 95.44. The gold price was set this morning at $1,174.40 down only 20 cents. The euro equivalent was €1,047 96 down €3.61. Ahead of New York’s opening, gold was trading in London at $1,174.10 and in the euro at €1,048.40.

June 25: Gold and Silver End Slightly Lower

Gold edged up to $1178.14 in Asia before it fell back to $1172.01 in London and then bounced back higher in New York, but it still ended with a loss of 0.11%. Silver slipped to as low as $15.79 and ended with a loss of 0.19%.

When Will US Debt Hit the Wall?

Total official US debt is over $18 Trillion but some of that is “Intragovernmental debt” – such as debt to the social security program. The remaining portion that is actually owed to pension funds, individuals, sovereign governments etc. is about $13 Trillion. It is increasing rapidly, thanks to out of control spending far in excess of revenues.

Silver Market Morning

New York closed at $1,174.40 down $3.20. Asia took it up $3 but London sent it back to New York’s closing level. The dollar was stronger at $1.1170 down 0.31 of a cent and the dollar Index was higher at 95.44 up from 95.20. The gold price was set this morning at $1,174.60 down $1.15. The euro equivalent was €1,051.57 down €1.89. Ahead of New York’s opening, gold was trading in London at $1,173.45 and in the euro at €1,048.00.

Selling a 10 oz Silver Bar for $10 (When It's Worth $160) - EXPERIMENT -

Media analyst Mark Dice tries to sell a 10 ounce bar of .999 fine silver bullion for just $10 dollars outside of a coin shop in San Diego, CA. HINT- It's worth WAY more than that, but does anyone want it? You have to see this!

June 24: Gold and Silver End Mixed While Stocks Fall

Gold edged up to $1180.10 at about 6AM EST before it fell back to $1171.17 in London and then bounced back higher in New York, but it still ended with a loss of 0.27%. Silver bounced back to $15.935 and ended with a gain of 0.44%.

The Silver Short Bubble

For the first time ever, total Comex silver open interest exceeded 200M contracts yesterday, settling at 200,273. This means that the coming Spec short squeeze is going to be violent and substantial. And why isn't anyone calling this a "bubble"?

Comex Silver Is The Most Corrupted Market In History

The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver. Never in the history of the markets has any futures market been this extraordinarily disconnected from the amount of underlying physical commodity that is available to deliver against those contract open interest.

The Forgotten History (and Potential Future) of Silver as Money

In contemporary discussions of sound money, silver tends to get short shrift. Even among staunch sound money advocates, the historic role of silver as money is often marginalized or ignored altogether.

Silver Market Morning

New York closed at $1,177.60 down $7.50. Asia held the price at New York’s close and then London took it down $2 at the opening. The dollar was stronger at $1.1201 up 0.60 of a cent and the dollar Index was higher at 95.20 up from 94.81. The gold price was set this morning at $1,175.75 down $7.60. The euro equivalent was €1,049.68 down €4.86. Ahead of New York’s opening, gold was trading in London at $1,177.60 and in the euro at €1,051.71.

June 23: Gold and Silver Fall as Dollar Gains

Gold fell $8.86 to $1176.24 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.63%. Silver slipped to as low as $15.761 and ended with a loss of 2.28%.

Silver Market Morning

New York closed at $1,185.10 down $7.90. Asia held the price at New York’s close and then London took it down $2 at the opening. The dollar was stronger at $1.1261 but looked like weakening in London and the dollar Index was higher at 94.81. The gold price was set this morning at $1,183.35 down $10.35 with the dollar at $1.1224 and the dollar index stood at 95.05, yesterday. The euro equivalent was €1,054.54 up €3.19. Ahead of New York’s opening, gold was trading in London at $1,183.60 and in the euro at €1,054.90.

June 22: Gold and Silver End Mixed

Gold fell $18.70 to $1182.10 by midmorning in New York before it bounced back higher at times, but it still ended with a loss of 1.31%. Silver slipped to as low as $16.036 at one point, but it then jumped back to $16.26 and ended with a gain of 0.56%.

Silver Market Morning

New York closed at $1,193 down $9.10. We do not believe that this was to do with Greece. The gold price was set this morning at $1,193.70 with the dollar at $1.1354 slightly weaker than Friday and the dollar index stood at 94.19, not far different from Friday’s level. The euro equivalent was €1,051.35 down €7.55. Ahead of New York’s opening, gold was trading in London at $1,193.60 and in the euro at €1,051.68.

All eyes on the half-year

In late-May when the price fell from over $17.50 to $16.25, Open Interest started to rise, reflecting increasing accumulation of contracts on further price falls. The short interest has come from hedge funds, which sold down 33,908 contracts (169,540,000 oz), supplied by commercial dealers balancing their positions. This strategy for the hedge funds looked good price-wise until silver refused to stay under $16, but could turn out to be a trap to be sprung by a rising gold price.

A Buying Opportunity for Silver ETFs?

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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Silver: poor man's gold turning to fool's gold?

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The Coming Paradigm Shift in Silver

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Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

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Great Panther Silver Reports First Quarter 2012 Production

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Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

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Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.

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