• Gold: 1,304.48 -0.70
  • Silver: 20.59 -0.04
  • Euro: 1.344 0.001
  • USDX: 81.006 -0.03
  • Oil: 101.42 -0.17

July 28: Gold and Silver End Slightly Lower

4 hours 6 min ago

Gold edged up to $1309.13 in Asia before it dropped down to $1301.77 by a little after 9AM EST and then bounced back higher at times, but it still ended with a loss of 0.18%. Silver slipped to as low as $20.517 and ended with a loss of 0.58%.

July 25: Gold and Silver Spike Back Friday But End Slightly Lower on the Week

Gold jumped $15.80 to as high as $1308.20 in the last minutes of trade and ended with a gain of 1.16%. Silver surged to as high as $20.727 and ended with a gain of 1.82%.

The ‘Great Reassessment’ to come?

To the Rush Limbaugh’s, Mark Levin’s and Sean Hannity’s of the world, Ron Paul was an insane “isolationist” “kook” who might as well have been pulling for the “enemy” when he, almost alone, argued passionately against America’s involvement in the wars in Iraq and Afghanistan. Rush Limbaugh, Sean Hannity and Mark Levin were of course arguing passionately for these wars.

INDIAN SILVER IMPORTS: Near Record At A Quarter Of Global Mine Supply

It looks like at least one country is still taking advantage of the extremely low paper price of silver. From information just released, India continues to import a near record amount of silver in 2014. Even though silver imports slumped in June compared to last year, demand is still extremely strong.

Talk Radio’s Taboo Topics

In my first essay in this series, I outlined a change that might “stun the world” and terrify the establishment defenders of the “Status Quo.” What, I asked, might happen if someone like Rush Limbaugh started preaching from the Ron Paul prayer book?

Market Report: Corrective Action

Precious metals drifted lower over the week in quiet trading. The bears took comfort in the lack of a positive price reaction to political news from the Ukraine and Gaza, and from economic surveys released in the US which disappointed analysts looking for signs of economic growth. Even the IMF downgraded its forecasts for the US economy, and the 10-year treasury yield fell back to 2.46%, having rallied up to 2.65% from the May low at 2.41%. This is shown in the chart below.

One of the most blatant examples ever

This week has been one of the most blatant examples of naked PM shorting ever, amidst some of the most PM-bullish news ever. Particularly, yesterday's transparent attacks as TPTB pulled out all stops to push the 10-year Treasury yield above 2.5% couldn't be more obvious - as I forensically described in yesterday's AudioBlog, "best laid plans." And what a shock, Monday is COMEX options expiration day - when no doubt, countless $1,300 and $21 options for gold and silver, respectively, were outstanding.

Silver Market Morning

The gold price closed at $1,292.40 down $12.50 on Thursday in New York. In Asia and early London, prices held that level. The gold price was Fixed at $1,292.75 down $7.25 and in the euro at €959.725 down €4.953, while the euro was slightly weaker at $1.3470. The Fixing was very quick indicating lower volumes. Ahead of New York’s opening, gold was trading at $1,294.20 and in the euro at €962.02.

Rumors of Mexico Backing Peso With Silver False... You Might Not Believe What They Might Do Though

Last week a story began circulating that appears to have begun with a video by Future Money Trends (see here), which was then picked up by the SHTFPlan prepper blog and then picked up by others including Infowars indicating Mexico is looking to back the peso with silver.

July 24: Gold and Silver Fall Almost 1% and 3%

Gold fell almost $10 to $1294.96 in Asia before it bounced back to $1300.83 in London, but it then fell to a new 5-week low of $1287.79 in New York and ended with a loss of 0.96%. Silver slipped to as low as $20.315 and ended with a loss of 2.63%.

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.

A Buying Opportunity for Silver ETFs?

Silver prices have been pushed below $30 an ounce in the recent sell-off as investors raise cash in the wake of the collapse of commodities broker...

Great Panther Silver Reports Improved Fourth Quarter Production

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Pan American Silver Comments on Changes to Mining Legislation in Rio Negro, Argentina

"Pan American Silver Corp. (TSX: PAA.TO)(NASDAQ: PAAS) ("Pan American" or the "Company") owns 100% of the Calcatreu gold development project ("...

When Will Silver Reach a New High?

Casey ResearchIn...

Warren Buffett Trashes Gold, But What About Silver?

“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no...

Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

Congressman Paul gives an opening...

Silver and Gold Dividends to be Paid by Gold Resource Corp. (NYSE-AMEX: GORO)

COLORADO SPRINGS, CO--(03/12/12)- Gold Resource Corporation (the Company...

Fractal Analysis: 2012 Silver to $70++

Around this...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

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.

Follow SilverSeek.com on Twitter: SilverSeekcom | SilverSeekWire

Follow SilverSeek.com on Twitter: @SilverSeekcom | SilverSeek.com Wire: @SilverSeekWire

Poll: Where will the Silver Price end 2012?

Please vote in our SilverSeek.com Poll! Where will Silver price end 2012? Below $25 $25-30 $30-$35 $35-$40 Above $40

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."

Great Panther Silver Reports First Quarter 2012 Financial Results

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Live Silver Price Chart

Live 1-Hour Spot Silver Price Chart: http://www.silverseek.com/quotes/hoursilver.php

COMEX Silver Inventory Update: -601,427.04 ounces

COMEX Silver Inventory Update: -601,427.04 ounces

Poll Results: Where will Silver End 2012?

Total votes: 1199 | #1 result = Above $40 (583 votes)

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

The Coming Paradigm Shift in Silver

...

Bearish pattern of the day - Silver

Silver has formed a "Descending Triangle" on the daily chart. A descending triangle shows decreasing demand and an increase in supply with each...

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

...

Great Panther Silver Reports First Quarter 2012 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/16/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR....

On the Money - A Dime a Gallon [Video]

An economic commentary on Ron Paul...

First Majestic Announces Friendly Acquisition of Silvermex Resources

VANCOUVER, BRITISH COLUMBIA--(04/03/12)- First Majestic Silver Corp. ("...

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.

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

Silver bulls may be hoping that the metal's healthy first-quarter price rise is the first step back towards record highs. Not so fast.Its...

March Silver in Backwardation

March silver has been...

Silver Market Update - January 16th, 2012

The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the...

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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