• Gold: 1,159.47 0.46
  • Silver: 16.84 -0.01
  • Euro: 1.055 -0.001
  • USDX: 101.59 0.38
  • Oil: 51.51 0.56

December 9: Gold Dips 1% on the Week While Silver Gains 1%

6 hours 55 min ago

Gold edged up to $1172.01 in late Asian trade, but it then chopped back lower in London and New York and ended near its midafternoon low of $1156.46 with a loss of 1.01%. Silver slipped to as low as $16.791 and ended with a loss of 0.94%.

How to Trigger a Silver Avalanche by a Pebble: “Smash(ed) it Good”

Assuming the transcripts submitted are accepted and plaintiffs are permitted to file their Third Amended Complaint, the possible pending “avalanche” of settlements in silver lawsuits will speak volumes for the investigative prowess of the CFTC and the DOJ, both of which were commissioned to investigate long running allegations of silver and precious metals market manipulation over recent years, and came up completely empty.

Deutsche Bank Records Said to Show Silver Rigging at Other Banks

Eight months after Deutsche Bank AG settled a lawsuit claiming it manipulated gold and silver prices, documents it disclosed as part of the accord provide “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market, plaintiffs claim.

Silver Market Morning: Dec 8 2016 - Gold and Silver building on support!

Some reports state that Chinese gold prices were ‘at a premium’ to New York’s prices. It would be more accurate to say that New York prices are at a discount to Shanghai prices in view of the more stable market in Shanghai. Capital restrictions in China have not been confirmed. We doubt that this would be true in view of the government’s encouragement of buying of gold at retail, institutional and government levels.

December 7: Gold and Silver Gain With Stocks and Bonds

Gold gained $11.03 to $1180.13 by midmorning in New York before it drifted back lower into the close, but it still ended with a gain of 0.33%. Silver surged to as high as $17.216 and ended with a gain of 2.45%.

Silver Market Morning: Dec 7 2016 - Gold and Silver moving to narrowing range ahead of a strong move!

With Chinese prices stable at higher levels, it appears that when speculators sell without the backing of physical gold sales prices in Shanghai ignore New York’s prices. Shanghai therefore appears less dependent on the other global gold markets as it walks its own physical gold road. Once U.S. ETF sales halt we should see Shanghai prices take a more dominant role.

Buy Silver – May Replace Gold As Money In India

The Indian government has been trying to reduce its citizens’ demand for imported gold through a number of means over the last few years. This is part of a wider crackdown on currency used in the black market, that included the withdrawal and replacement of its two largest-denomination bank notes in early November. The strategy will likely have some unintended consequences if we take our cues from the events of 1910.

December 6: Gold and Silver End Slightly Lower In Mixed Trade

Gold edged up to $1175.19 at about 9:45AM EST before it fell back to $1167.05 in early afternoon trade and then bounced back higher into the close, but it still ended with a loss of 0.09%. Silver slipped to as low as $16.69 and ended with a loss of 0.18%.

Silver Market Morning: Dec 6 2016 - Gold and Silver starting to find support!

With the gold price differential continuing to drain liquidity from London to Shanghai and with the Chinese New Year on the horizon we are sensitized to the speed with which gold prices move against sales or no sales of physical gold from the U.S. based gold ETFS. When these sales fall off prices are now rising. If purchases come in we expect to see almost disproportionate rises as the lack of stock makes itself felt.

December 5: Gold and Silver End Mixed While Euro Reverses Higher

Gold jumped $12.34 to $1188.04 at the open of trade last night before it chopped down to see a loss of $18.23 at $1157.47 by midmorning in New York and then bounced back to $1175.85 in early afternoon trade, but it then drifted back lower into the close and ended with a loss of 0.48%. Silver dipped to $16.501 before it rose to as high as $16.861 and then also fell back off, but it still ended with a gain of 0.36%.

Silver Market Morning: Dec 5 2016 - Gold and Silver still looking for a bottom!

Gold prices in Shanghai are $19 higher than New York’s close and $24 higher than London’s opening [allowing for the difference in the quality of gold priced in the different markets]. Many reports blame the restrictions on gold imports for the differential or on the restraints on exporting Yuan. If this is true, then the demand in China is extremely strong.

December 2: Gold Dips But Silver And Miners Gain on the Week

Gold gained $7.20 to $1177.90 in Asia before it dropped back to $1166.88 after this morning’s jobs report was released, but it then jumped back up to $1177.76 by midmorning and ended with a gain of 0.43%. Silver rose to as high as $16.802 and ended with a gain of 1.09%.

Market Report: Precious metals heavily oversold

Gold and silver traded modestly lower this week in the face of a strong dollar. The strains faced in currency markets are extreme, building up to a crisis, particularly for the euro. More on this below. Gold, as of morning trading in Europe, lost a further $13 over the week, and silver $0.14. The technical bears are out in force, making up stories forecasting the death of gold and silver, based on the following chart.

December 1: Gold Ends Slightly Lower Before Jobs Day

Gold fell $11.80 to $1161.20 in midmorning New York trade before it rose to see slight gains by midafternoon, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.25 and ended unchanged on the day.

Silver Prices And Interest Rates

Many hyperinflations have occurred in the past 100 years. Example: Argentina has devalued against the U.S. dollar by 10 trillion to one since about 1950. The continued devaluation of the U. S. dollar, loss of reserve currency status, and coming massive “stimulus” spending could result in hyperinflation in the United States. Silver will reach incredible prices in such a disastrous situation. Few if any will be pleased with the consequences of hyperinflation, but owning silver will help mitigate the trauma.

November 30: Gold and Silver Fall Roughly 1%

Gold fell $17.47 to $1171.03 in morning New York trade before it bounced back higher at times, but it still ended with a loss of 1.3%. Silver slipped to as low as $16.424 and ended with a loss of 0.72%.

November 29: Gold Pares Early Losses While Oil Falls Nearly 4%

Gold fell $12.15 to $1181.25 in early New York trade before it rallied back higher into the close, but it still ended with a loss of 0.41%. Silver slipped to as low as $16.427 and ended unchanged on the day.

November 28: Gold and Silver Gain About 1% While Stocks and Dollar Fall

Gold gained $16.15 to $1197.55 in Asia before it fell back to $1183.24 by a little after 9:30AM EST, but it then rallied back higher into the close and ended with a gain of 1.02%. Silver rose to as high as $16.856 and ended with a gain of 0.85%.

November 25: Gold and Silver Fall About 2% and 1% on the Week

Gold dropped $17.16 to $1171.44 at the open of trade in Asia before it bounced back to $1193.03 by a little before 4AM EST, but it then drifted back lower in New York and ended with a loss of 0.61%. Silver slipped to $16.182 before it rallied to as high as $16.582 and then also fell back off, but it still ended with a gain of 0.8%.

Silver Market Morning: Nov-25-2016 -- Gold and Silver looking for a bottom!

We have pointed out to readers that there are two types of gold investors across the world. Those who use the gold price to try to make [currency] profits, which are then converted into one or another currency, see profit as the goal. Pork bellies would serve just as well if profits were better in that market. With Fund managers being made accountable on a month to month basis institution are measured on their profit making abilities. Markets are structured so that one can deal in a milli-second or in the future. The media is structured to have a similar profit-oriented way of reporting.

Silver Market Morning: Nov-24-2016 -- Gold and Silver break down through support!

Gold prices in Shanghai are $18 higher than New York’s close and $22 higher than London’s opening [allowing for the difference in the quality of gold priced in the different markets]. This demonstrates just how strong demand in China really is. What has to be seen in a physical gold market is the direct impact on the gold price physical demand and supply has. In a COMEX type market prices are much more volatile and easily moved by algorithm trading, just because no physical metal is involved. Inevitably physical gold will move to the market paying the most.

November 23: Gold and Silver Fall Almost 2%

Gold fell $29.82 to $1182.18 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 1.93%. Silver slipped to as low as $16.18 and ended with a loss of 1.86%.

Silver Market Morning: Nov-23-2016 -- Gold and Silver consolidating at a bottom!

We are aware that central banks do not like to affect the gold price when buying and we are also aware that they are not keen to be predictable in their purchases. What is a practical ploy in buying is to not go to the market but to let the market come to them and just ‘accept the offer’ of gold from dealers when they are heavy with holdings. This does not affect the price but does remove available gold stocks from the market.

Louis Cammarosano: Interconnectedness of Silver Eagles and India’s War on Cash

American Silver Eagle sales have been suspended for the year according to the Authorized Purchasers of U.S. Mint products. Once again, as we have seen in the past, the U.S. Mint makes a dramatic change without warning. Where else have we recently seen a very dramatic change in policy without warning? India announced, without warning, the ban of the most widely used bank notes in the country – without warning. While these are very different scenarios they demonstrate the absolute control governments around the world hold over our money and our currency. Silver, while tatted as an industrial metal, has been money longer than any other form of money on planet earth. Silver was money long before gold was accepted and circulated as money.

November 22: Gold and Silver End Mixed While Stocks Climb Higher

Gold gained $8.46 to $1220.86 in early Asian trade before it fell all of the way back to $1206.44 in late morning New York trade and then bounced back higher into midday, but it still ended with a loss of 0.03%. Silver rose to as high as $16.886 and ended with a gain of 0.42%.

Silver Market Morning: Nov-22-2016 -- Gold and Silver finding a bottom!

The dollar is lower again, bouncing off the 101 dollar index area there. The dollar is the driver of U.S. prices allowing gold prices in other currencies to rise. While heavy selling continues from the gold ETFs in the U.S. New York will pull prices down. With London being the hub of the developed world’s physical gold market it will pull prices higher as the Chinese banks, via a typically structured ‘swap’ transaction, will arbitrage gold between Shanghai and London, where profitable.

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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

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

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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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Silver Market Update

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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

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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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