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Silver Market Morning: May-22-2015

2 days 3 hours ago

The silver price should consolidate, in New York today.

Silver Market Morning: May-21-2015 - 3 days 3 hours ago

May 20: Gold Gains With Oil - 3 days 20 hours ago

The Deep Dark - 3 days 21 hours ago

An Insane Financial World - 4 days 1 hour ago

Silver Market Morning

New York closed at $1,225.30 up 40cents over Monday’s close. Asia and London let it slip. The LBMA Gold price was set at $1,219.65 down $8.50 over Monday’s level. The euro equivalent stood at €1,089.12 up €11.89 while the dollar was stronger and the euro weaker at $1.1198 down from $1.1401 against the euro. Ahead of New York’s opening, gold was trading lower in London at $1,220.10 and in the euro at €1,090.15.

May 18: Gold and Silver Gain With Stocks

Gold gained $7.29 to $1232.19 at about 2:30AM EST before it fell back to $1222.83 in the next 8 hours of trade, but it then bounced back higher in late morning New York trade and ended with a gain of 0.03%. Silver rose to as high as $17.771 and ended with a gain of 0.86%.

Silver Price Projections For 2020

I recently published an article projecting possible prices for gold in the year 2020 based on the S&P 500 Index and the ever increasing population adjusted US national debt. I assumed three scenarios and three different gold projections. Time will tell regarding gold prices, but what is nearly certain is that national debt will exponentially increase. Further, over 30 years, the sum of the S&P and gold have increased similarly to the population adjusted national debt.

Silver Market Morning

New York closed at $1,224.90 up $3.10 over Friday’s close. Asia took it up to $1,230. The LBMA Gold price was set at $1,228.15 up $11.85 over Friday’s level. The euro equivalent stood at €1,077.23 up €6.45 while the dollar was weaker and the euro stronger at $1.1401 up $1.1359 against the euro. Ahead of New York’s opening, gold was trading lower in London at $1,226.60.00 and in the euro at €1,075.63.

May 15: Gold and Silver Gain Over 3% and 6% on the Week

Gold dipped $9.35 to $1212.45 in London, but it then climbed to as high as $1225.91 in New York and ended with a gain of 0.25%. Silver rose to as high $17.574 and ended with a gain of 0.57%.

House of Cards - Will it Collapse?

My thought: It is unwise to scramble in front of an oncoming steam-roller in search of dollar bills when real money, gold and silver, is still available at “bargain” prices.

Market Report: Dollar weakens

The US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early European trading this morning, perhaps anticipating some pre-weekend profit-taking.

Silver Market Morning

New York closed at $1,221.80 up $7.00 over Thursday’s close. Asia took it down to $1,220.10. The LBMA Gold price was set at $1,216.30 up $15.75 over Thursday’s level. The euro equivalent stood at €1,070.78 up €7.36 while the dollar was stronger and the euro weaker at $1.1359 from $1.1423 against the euro. Ahead of New York’s opening, gold was trading lower in London at $1,214.00 and in the euro at €1,068.94.

May 14: Gold and Silver Gain With Stocks

Gold climbed $12.25 to $1227.05 at about 10:15AM EST before it fell back off in the next hour of trade, but it still ended with a gain of 0.58%. Silver rose to as high as $17.58 and ended with a gain of 1.87%.

Silver Market Morning

New York closed at $1,214.80 up $21.60 over Wednesday’s close. Asia held took it up to $1,218. The LBMA Gold price was set at $1,214.75 up $21.75 over Wednesday’s level. The euro equivalent stood at €1,063.42 up €0.89 while the dollar was 2 cents weaker at $1.1423 up from $1.1225 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,219.60 and in the euro at €1,067.67.

SilverCrest Announces Q1, 2015 Financial Results Cash Flow from Operations of $7.3 million ($0.06 per share) Net Earnings of $2.5 million ($0.02 per share)

"We are pleased with the strong start to 2015. Santa Elena's record AgEq (3) production delivered solid Q1, 2015 financial results, generating cash flow from operations (1)(2) of $7.3 million and net earnings of $2.5 million . We are confident in Santa Elena's ability to continue to generate positive cash flows during 2015, notwithstanding the lower precious metals price environment. We are pleased our tight cost control measures and record production resulted in cash operating cost (1)(2) of $8.49 per AgEq (3) ounce sold and all-in sustaining cash cost (2) of $11.25 per AgEq(3) ounce sold.

May 13: Gold Gains Nearly 2% and Silver Surges Over 3% Higher

Gold gained $25.42 to $1218.62 by early afternoon in New York before it chopped back lower in the last two and a half hours of trade, but it still ended with a gain of 1.81%. Silver surged to as high as $17.223 and ended with a gain of 3.45%.

Silver Market Morning

New York closed at $1,193.20 up $9.80 over Tuesday’s close. Asia held it there as did London. The LBMA Gold price was set at $1,193.00 up $8.55 on Tuesday’s level. The euro equivalent stood at €1,062.52 up €1.25 while the dollar was weaker at $1.1225 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,194.30 and in the euro at €1,063.92.

Silver Bullion Buying Outstripping Supply As JP Morgan ($JPM) Buys

- Silver one of most undervalued assets in world today - Fundamentals for silver market very strong - Total demand for silver outweighed supply by almost 22% last year - Industrial demand set to surge as solar energy projects are expanded - Artificially low prices have forced some mines out of business which may lead to a supply crunch - Smart money including JP Morgan acquiring silver - Silver to outperform assets including gold

May 12: Gold and Silver Gain Almost 1% and 2%

Gold gained $13.38 to $1196.78 by a little after 6AM EST before it chopped back lower at times, but it still ended with a gain of 0.83%. Silver surged to as high as $16.596 and ended with a gain of 1.6%.

Silver Market Morning

New York closed at $1,183.40 down $5.10 over Monday’s close. Asia took it up $2 ahead of London’s opening with London then holding it there. The LBMA Gold price was set at $1,184.45 down only $0.30 on Monday’s level. The euro equivalent stood at €1,061.27 up €19.35 while the dollar was stronger at $1.1135 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,194.00 and in the euro at €1,061.33.

May 11: Gold and Silver Fall With Stocks

Gold edged up to $1191.53 by a little after 8AM EST before it dived down to $1179.09 in late morning New York trade, but it then climbed back higher into the close and ended with a loss of just 0.43%. Silver slipped to as low as $16.215 and ended with a loss of 1.21%.

Gold Prices In 2020? Debt Drives Gold and Stocks

US National Debt: We know the progression of debt – it increases, or it increases rapidly. Since 1913 the official US national debt has increased about 9% per year – every year. Has the economy increased 9% per year? Of course not! And that is why, in truly simple terms, prices rise. The same is largely true in the UK, Europe, and Japan. It is the same old story throughout the history of other fiat currency experiments.

Silver Market Morning

New York closed at $1,188.50 up $5.60, on Thursday’s level. Asia saw it hold at that level ahead of London’s opening with London then taking it down $4. The LBMA Gold price was set at $1,184.75 up only $1.75 on Friday’s level. The euro equivalent stood at €1,061.27 up €19.35 while the dollar was stronger at $1.1135 down from $1.1351 against the euro. Ahead of New York’s opening, gold was trading slightly higher in London at $1,186.45 and in the euro at €1,063.37.

Fortuna Reports Consolidated Financial Results for the First Quarter 2015

"We have made an excellent start to the year operating well within our production and cost guidance and look forward to a year of execution on our key expansion project at the San Jose mine." Mr. Ganoza continued, "On March 30th we announced the expansion our credit facility to $60 million giving us access to liquidity of over $130 million, providing significant additional financial flexibility in this period of growth for the Company."

May 8: Gold and Silver Gain Almost 1% and 2% on the Week

Gold jumped up to $1193.14 at about 8:30AM EST before it dived back down to $1182.79 in the next 10 minute of trade and then climbed back to $1192.60 in the 45 minutes of trade following that before it fell back towards unchanged in late morning trade, but it then edged back higher into the close and ended with a gain of 0.47%. Silver rose to as high as $16.521 and ended with a gain of 1.04%.

Dollar Danger Zone

China has purchased and imported a massive amount of gold bars in the past 5 years. The magnitude of the gold migration from the west to Asia has been obscured intentionally. Clearly the western central banks and governments do not want the world to know how much gold they have sold to China. China does not want to announce how much gold they have purchased, which might panic the gold market and elevate prices, making additional purchases more expensive. China’s gold hoard will become a threat to the reserve currency status of the dollar, a fiat currency backed only by “faith and trust.”

May 7: Gold and Silver Fall But Miners Gain

Gold dropped $11.57 to $1180.13 at about 8:30AM EST before it bounced back higher in the next hour of trade, but it then drifted back lower into midday and ended with a loss of 0.74%. Silver slipped to as low as $16.209 ended with a loss of 1.15%.

SilverCrest Accelerates Exploration of High Grade El Cholugo Zone at Santa Elena Mine

SilverCrest Mines Inc. (“SilverCrest” or the “Company”) is pleased to announce initial results of its accelerated underground exploration of the El Cholugo Zone (“El Cholugo” or the “Zone”) located immediately adjacent to the Main Mineralized Zone (“MMZ”) currently in production at the Santa Elena Mine, Sonora, Mexico. SilverCrest's recently released technical report titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico” (“PFS”), contemplated the exploration and development of El Cholugo in 2016.

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Will Silver and Platinum Outperform Gold in the Near Future?

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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

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Managed money positions hint at bullish turns for gold and silver

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The Silver Megathrust

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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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