• Gold: 1,134.31 -5.53
  • Silver: 14.70 0.10
  • Euro: 1.124 -0.006
  • USDX: N/A N/A
  • Oil: N/A N/A

Silver Market Morning

5 hours 38 min ago

China is closed as we write this and will be closed until Monday. Without the upward pressure of gold demand from there will we see an attempt to force the gold price down again? This may be a last chance to try that before the ‘gold season’ really starts. As it is the gold price is in the mid-range of its gold consolidation phase at the moment. Next week will see Asian demand rising steadily.

Silver and Warnings From Exponential Markets

Paper markets such as T-Bonds and the S&P 500 have been levitated by central bank “money printing,” government support, and the inevitable devaluation of fiat currencies built into the structure of the financial system. Paper markets move higher – exponentially – as currencies devalue and reset or crash to lower levels, and then repeat.

Silver Market Morning

On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80.

August 28: Gold and Silver Fall About 2% and 5% on the Week

Gold gained $7.54 to $1132.84 in Asia before it fell back to $1123.96 in London, but it then rose to as high as $1140.51 in New York and ended with a gain of 0.9%. Silver climbed to as high as $14.669 and ended with a gain of 0.97%.

Market Report: Silver Sold, Then Squeezed

While gold consolidated its recent gains, silver was sold down this week along with other metals and energy.

First Majestic and SilverCrest Announce Receipt of Interim Order and Mailing of Meeting Materials

First Majestic Silver Corp. ("First Majestic") (FR.TO)(AG)(FMV.F)(AG) and SilverCrest Mines Inc. ("SilverCrest") (SVL.TO)(NYSE MKT:SVLC)(CW5.F) are pleased to announce that SilverCrest has been granted an interim order from the Supreme Court of British Columbia authorizing various matters, including the holding of a special meeting of SilverCrest shareholders to consider the previously announced arrangement (the "Arrangement") among First Majestic, SilverCrest and SilverCrest Metals Inc. ("New SilverCrest") and the mailing of a joint management information circular (the "Joint Circular").

Silver Market Morning

On Thursday New York closed at $1,124.30 up $0.20. The dollar was stronger at $1.1246 at the close up from $1.1335, against the euro, with the dollar Index stronger at 95.76 up from 95.19 yesterday. This morning the LBMA gold price was set at $1,125.50 down $3.00. The euro equivalent was €997.61 down €1.42. Ahead of New York’s opening, gold was trading at $1,127.55 and in the euro at €998.51.

August 27: Gold Edges Higher and Silver Rises Almost 2%

Gold gained $5.08 to $1129.18 in London before it fell back to $1118.38 at about 10AM EST and then bounced back to $1127.65 in the next 90 minutes of trade, but it then drifted back lower in afternoon trade and ended with a gain of just 0.02%. Silver rose almost 1% to $14.315 before it dropped back to $14.163, but it then shot up to as high as $14.613 and ended with a gain of 1.9%.

Gold & Silver Trading Alert: Silver and Miners’ Major Breakdown

Yesterday we saw another big daily decline and it served as an additional confirmation that taking profits on long positions and entering short ones on Monday, at 2PM (when the GDX was at $15) had been a good idea. Will the short positions become more profitable in the future?

Yes, Gold is a Barbarous Relic...SO SWAP IT ALL FOR SILVER!

I know that you have a few gold coins in your safe. I know you think it's good for your diversification but NOW is the time to think differently. Now is not the time for diversification. Now is the time to SAVE your wealth and gold doubling or tripling over the next few years is NOT going to save you.

Silver Market Morning

On Wednesday New York closed at $1,124.10 down $15.40. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 95.19 up from 94.10 yesterday. This morning the LBMA gold price was set at $1,128.50 down $5.90. The euro equivalent was €999.03 up €8.98. Ahead of New York’s opening, gold was trading at $1,126.40 and in the euro at €998.67.

August 26: Gold and Silver Fall Over 1% and 3%

Gold fell $21.62 to $1117.88 by late morning in New York before it bounced back higher in the last five and a half hours of trade, but it still ended with a loss of 1.35%. Silver slipped to as low as $13.981 and ended with a loss of 3.14%.

Silver Market Morning

On Monday New York closed at $1,139.50 down $13.60. The dollar was stronger at $1.1496 this morning up from 1.1539, against the euro, with the dollar Index stronger at 94.10 up from 93.39 yesterday. This morning the LBMA gold price was set at $1,134.40 down $19.85. The euro equivalent was €990.05 down €12.16. Ahead of New York’s opening, gold was trading at $1,124.70 and in the euro at €984.42.

August 25: Gold and Silver Fall About 1% While Stocks Reverse Morning Gains

Gold fell $18.43 to $1134.67 at about 10:30AM EST before it bounced back higher into the close, but it still ended with a loss of 1.18%. Silver slipped to as low as $14.57 and ended with a loss of 0.95%.

Silver Market Morning

On Monday New York closed at $1,153.10 down $6.30. The dollar was weaker at $1.1539 this morning down from $1.444 on Monday with the dollar Index weaker at 93.39 down from 94.94 yesterday. This morning the LBMA gold price was set at $1,154.25 up $0.75. The euro equivalent was €1,002.21 down €3.90 as the euro stabilized. Ahead of New York’s opening, gold was trading at $1,148.70 and in the euro at €997.70.

August 24: Gold Dips and Silver Slips While Stocks Slide

Gold popped up to $1165.33 at the open of trade last night before it fell back to $1152.36 in Asia and then rose to as high as $1166.94 in early New York trade, but it then dropped back to $1146.13 in afternoon trade and ended with a loss of 0.54%. Silver slipped to as low as $14.609 and ended with a loss of 3.27%.

Gold or Silver Shortages?

A big pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming precious metals shortages simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both of these government mints predetermine a rough amount they will mint at the start of the year and when demand surges a “bottleneck” can occur and this has happened in the past.

The Risky Investment that Could Make You Millions in the Next Financial Crisis

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money.

Gold and Silver: Heading for a “Blue Screen of Death” Event?

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.

Silver And The Petrodollar

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.

Silver Market Morning

On Friday New York closed at $1,159.40 up $26.70. The dollar was weaker at $1.1444 down from $1.1062 on Thursday with the dollar Index weaker at 94.94 down from 96.50 on Friday. It opened on Monday at 94.54. Asia took the price down on Monday to $1,154 as global equity markets slid. This morning the LBMA gold price was set at $1,153.50 up $5.55. The euro equivalent was €1,006.11 down €13.42 as the euro surged. Ahead of New York’s opening, gold was trading at $1,159.50 and in the euro at €1,007.65.

August 21: Gold Gains Almost 4% on the Week While Stocks Drop Roughly 6%

Gold gained $15.42 to $1167.42 in Asia before it fell all the way back to $1149.00 in London, but it then rose to as high as $1161.67 in New York and ended with a gain of 0.64%. Silver slipped to as low as $15.14 and ended with a loss of 1.29%.

China chooses her weapons

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

August 20: Gold and Silver Gain Almost 2% While Stocks Drop Over 2%

Gold climbed higher throughout most of world trade and ended near its late session high of $1154.04 with a gain of 1.7%. Silver surged to as high as $15.587 and ended with a gain of 1.44%.

Silver - More Evidence of a Price Bottom

Silver prices hit a low of about $14.33 on July 24 after High Frequency Traders had run stops that week. It has happened before and will again. Occasionally they will run stops going up, not down. The gold to silver ratio has been hovering around 75.

Silver Market Morning

On Wednesday New York closed at $1,132.70 up $15.00. The dollar was weaker at $1.1122 down from $1.1062 with the dollar Index slightly weaker at 96.50 down from 96.80 on Thursday morning. Asia took the price higher still to $1,138. This morning the LBMA gold price was set at $1,137.95 up $14.75. The euro equivalent was €1,019.53 up €2.28. Ahead of New York’s opening, gold was trading at $1,139.25 and in the euro at €1,019.60.

A Buying Opportunity for Silver ETFs?

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Silver Market Update - January 16th, 2012

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Great Panther Silver Reports Improved Fourth Quarter Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/17/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "...

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 ("...

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Warren Buffett Trashes Gold, But What About Silver?

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The Arbitrageur: Silver backwardation

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Ron Paul Assaults Ben Bernanke On Parallel Currencies [Video]

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

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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

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...

Great Panther Silver Reports First Quarter 2012 Production

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Bearish pattern of the day - Silver

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The Coming Paradigm Shift in Silver

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Bearish pattern of the day - 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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On the Money - A Dime a Gallon [Video]

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First Majestic Announces Friendly Acquisition of Silvermex Resources

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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.

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

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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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