• Gold: 1,314.98 -4.49
  • Silver: 17.72 -0.01
  • Euro: 1.108 -0.001
  • USDX: 95.448 0.087
  • Oil: 47.63 -2.72

June 24: Gold Explodes Higher on Brexit Shock

1 day 2 hours ago

Gold soared $100.79 to as high as $1358.29 in Asia before it pared back to $1306.59 in London, but it then bounced back higher in New York and ended with a gain of 4.88%. Silver jumped to as high as $18.318 and ended with a gain of 2.25%.

Silver Market Morning: June-22-2016 -- Last day before Brexit vote!

The financial world wants a ‘Bremain’ result not a ‘Brexit’ and is discounting it to some extent. This means that a ‘Brexit’ result will cause tremendous turmoil in global markets while a ‘Bremain’ result may provoke a wobble but not turmoil. The polls show the vote still, as ‘too close to call’.

June 21: Gold and Silver Fall Almost 2% Before Brexit Vote

Gold fell throughout most of world trade and ended near its late session low of $1264.78 with a loss of 1.88%. Silver slipped to as low as $17.182 and ended with a loss of 1.54%.

June 20: Gold and Silver End Mixed As Brexit Vote Nears

Gold fell $20.38 to $1278.02 in London before it bounced back higher in New York, but it still ended with a loss of 0.64%. Silver spiked up to $17.625 by a little before 4AM EST before it dropped back to $17.289 in the next four hours of trade, but it then chopped back higher into the close and ended with a gain of 0.23%.

Fortuna Silver Mines Inc. - Early Warning Report

Fortuna Silver Mines Inc. (FSM)(FVI.TO) announces that it acquired for a purchase price of C$1.5 million, direct ownership of 10.0 million units (the "Units") of Medgold Resources Corp. ("Medgold"), of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Unit on June 17, 2016. Each Unit consists of one common share of Medgold and one warrant ("Warrant") to purchase an additional common share of Medgold exercisable at a price of C$0.15 per share for one year.

Soft and Softer Silver Fundamentals

Last week, we asked where then will silver go. Well, the price moved around this week, dipping on Thursday but then rebounding sharply on Friday. It closed up 13 cents from last week. The price of gold rose $24. This week, the Federal Reserve announced that it will not hike rates. Most economists (and traders) have long been expecting a hike (not us). A hike is tighter monetary policy, and therefore not-hiking is looser. Which means a greater quantity of dollars. Which means higher prices. Everyone knows that (except us).

Silver Market Morning: June-20-2016 -- Silver retreats to support ahead of Brexit vote on Thursday!

The murder of the British MP last week caused a short term, dealer markdown of prices in the gold and silver markets today, at the opening in London. The gold price remains on support and should begin to rise across the world as the respectful sentiment currently ruling, gives way to the underlying global crises and the referendum. The world being what it is, the Brexit ‘in’ and ‘out’ campaigns will resume and the tragedy fall into the background ahead of the vote. It could still go either way. It will remain the cause of this week’s volatility in all global financial markets.

Silver Sleeping On the Job

In this authors opinion, it’s not if, but rather when, the gold:silver ratio will revert to a more traditional number and share price upswings will trickle down to the very few junior silver producers, the soon to be producers, developers and explorers. It’s for these reasons that silver and silver junior precious metal company’s should be on every investor’s radar screen. Is silver on your radar screen? If not, maybe it should be.

June 17: Gold and Silver Gain Almost 2% and 1% on the Week

Gold gained $14.32 to $1296.02 at about 10:30AM EST before it nearly erased its entire advance in the next half hour of trade, but it then rallied back higher into the close and ended 1.3% higher on the day. Silver rose to as high as $17.492 and ended with a gain of 1.69%.

How to Use the Gold-to-Silver Ratio?

We have debunked the myth that gold-to-silver ratio should revert to its “true” level around 16. The predominant range for the ratio in modern times is rather well between 40 and 80. Moreover, the notion that the gold-to-silver ratio should revert to some historical average makes no sense. The relative valuation between these two precious metals depends on market forces, like the health of the world economy and monetary demand for both metals, or industrial demand for silver. Such factors change over time. For example, gold has nowadays much higher monetary demand compared to silver than in the past, which largely explains why the average ratio in the 21st century was on average higher than earlier.

U.S. Silver Imports Surge to Two-Year High While Markets Fall

The markets continue to be afraid and for good reasons. The world stands on a knife's edge and central bankers, the ones who are supposed to have "...

June 16: Gold and Silver Erase Notable Early Gains on Brexit Doubts

Gold gained $21.27 to $1315.57 at about 10:45AM EST, but it then tumbled lower into the close and ended with a loss of 0.97% after tragic news in Britain reduced the odds of Britain leaving the EU. Silver slipped to as low as $17.157 and ended with a loss of 2.11%.

June 15: Gold and Silver Jump Higher On Fed Fueled Rally

Gold edged up to $1286.90 in Asia before it fell back to $1278.58 in London, but it then spiked to as high as $1296.77 in afternoon New York trade and ended with a gain of 0.7%. Silver surged to as high as $17.606 and ended with a gain of 0.92%.

Silver Market Morning: June-15-2016

Shanghai ran ahead of London and New York today but not by far. Later, London pulled it back to be set at the price below. But the important factor to note is that the gold price is holding above $1,280, or above overhead resistance that is becoming support. As we said yesterday though, there is certainly enough going on in the currency world to cause volatility. Global financial markets are tensioning up in preparation for next week’s Brexit vote, with the Yen hitting new recent highs at 106.21: $1, as global equities continue to rise slightly to ‘toppy’ areas.

Silver Price Forecast: The Alignment Of The Dow, Interest Rates, Debt and Silver Cycles Will Deliver A Fatal Blow

Silver Price Forecast: The Alignment Of The Dow, Interest Rates, Debt and Silver Cycles Will Deliver A Fatal Blow Since the inception of the debt-based monetary system (with its fractional-reserve banking), the banks have been playing a nasty game of Russian roulette. The only reason that the system has not blown-up is because the relevant cycles have not adequately lined up to deliver a fatal blow.

June 14: Gold and Silver End Near Unchanged Before Fed Day

Gold edged down to $1277.17 in Asia before it rallied up to $1289.83 by a little after 9AM EST and then chopped back down to $1280.47 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.11%. Silver fell to $17.229 before it rose to as high as $17.482 in early New York trade, but it still ended with a loss of 0.23%.

Joe Grosso: Golden Arrow Targets a Promising Mining Merger With Silver Standard in Argentina

Joseph Grosso is Executive Chairman, CEO & President of a leading junior mining firm in Argentina, Golden Arrow Resources. He has successfully formed strategic alliances and negotiated with mining industry majors such as Barrick, Teck, Newmont, Viceroy (now Yamana Gold) and Vale S.A., and government officials at all levels. Mr. Grosso’s specialty is financing, negotiations, corporate and marketing strategy, and he was an early and passionate adopter of best practices in environmental protection and socio-economic development through mineral exploration. He is the founder and president of Grosso Group Management Ltd.

Is Gold-to-Silver Ratio Too High?

The gold-to-silver-ratio is an indicator that shows how many silver ounces are required to purchase an ounce of gold. The gold-to-silver ratio is one of the most important parameters in the precious metals market, as it measures the relative value of gold and silver. Therefore, it is a useful tool indicating whether gold or silver is undervalued or overvalued relative to each other. Investors can use the ratio as a timing indicator deciding when to buy gold or silver, or which metal to buy at any given time. When the ratio is low, it means that silver is overvalued relative to gold (and vice versa).

Silver Market Morning: June-14-2016 -- Silver price still has work to do!

Shanghai pulled back leaving London to lift the gold price. Is this a sign that supplies in London available to make the price are so little as to push prices up? It could be that U.S. demand is so strong that these supplies are diminishing too much. If this is the case, we should see greater volatility in the price in the near term. There is certainly enough going on in the currency world to cause such volatility.

June 13: Gold and Silver Gain Almost 1% While Stocks Drop

Gold gained $12.68 to $1287.08 at about 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.75%. Silver rose to as high as $17.452 and ended with a gain of 0.69%.

Where Then Will Silver Go

The price of gold bumped up thirty bucks, and that of silver about one buck. Is this liftoff—when the dollar falls sharply, and the price of each metal in dollar terms skyrockets? Is this the denoument when the gold bug does not get rich, because although his net worth measured in dollar is massively up, the dollar is down in equal measure?

How To Grow Your Gold and Silver Bullion

With the zirp, (zero interest rate policy) savings and bonds are not paying any significant interest. In Germany some bunds are paying negative interest rates. Few stocks are paying big dividends and most pay none at all. Everyone is trying to find a decent return on investment without taking on too much risk. The old 5 ¼% savings account interest rates that never seemed that interesting in the past now look mouth watering.

June 10: Gold and Silver Gain Over 2% and 5% on the Week

Gold edged down to $1264.63 in Asia before it bounced back to $1276.86 at about 10AM EST and then fell back to roughly unchanged in the next 90 minutes of trade, but it then rallied back higher into the close and ended with a gain of 0.4%. Silver traded mixed and ended unchanged on the day.

Our #1 Pick For Silver Exposure, A 250 Million Ounces Eq. Deposit Ripe For Take-Over

Large silver deposits are scarce, that's a fact. Silver is mostly a by-product from mines that produce other metals such as gold, copper, lead and zinc. This is the reason why silver companies receive a premium to gold companies in a bull market, but we are far from that still as this bull market just got started. In August of 2011, Golden Arrow entered into an option agreement to acquire a 100% interest in the Chinchillas Silver Project. Remember, that was at a time when precious metals was still in a bull market which was just about to turn around.

Market Report: Sharp recovery

Gold and silver prices were given further upside momentum when Janet Yellen, speaking at the World Affairs Council in Philadelphia on Monday, consequently took a softer line on interest rate rises. Gold, which had bottomed at $1200 on Wednesday last week, took off like a scalded rabbit on last Friday’s jobs release, gaining $22 in seven minutes. If nothing else, the sharpness of the move reflected the high level of short-term bearishness. Anyway, it appears that the consolidation phase of this year’s gains may well be over – until, that is, we get the next interest rate scare. Silver’s gain was more dramatic, as can be seen in the chart above. Only Wednesday last week, silver sold off to as low as $15.84. This week, it had recovered to $17.33 at its best yesterday, a gain of over 9%. Volatility of this sort can be taken as evidence of tight underlying physical supplies.

June 9: Gold and Silver Gain With Dollar While Stocks and Oil Slip

Gold fell $5.01 to $1256.99 in London, but it then jumped up to as high as $1271.63 by early afternoon in New York and ended with a gain of 0.58%. Silver surged to as high as $17.325 and ended with a gain of 1.53%.

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...

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...

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 ("...

When Will Silver Reach a New High?

Casey ResearchIn...

New EW Silver Discovery

...

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...

The Arbitrageur: Silver backwardation

Ever since early fall 2010, long-...

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...

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

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

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...

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.

Article Comments

Silver News by Type

Live SilverSeek Map