• Gold: 1,094.85 -0.73
  • Silver: 14.68 0.00
  • Euro: 1.106 0.000
  • USDX: N/A N/A
  • Oil: N/A N/A

July 28: Gold and Silver Gain With Stocks and Dollar

1 hour 22 min ago

Gold edged up to $1097.39 in Asia before it fell back to $1091.70 in London, but it then climbed to a new session high of $1098.30 in New York and ended with a gain of 0.15%. Silver rose to as high as $14.705 and ended with a gain of 0.82%.

Silver Market Morning

On Thursday New York closed at $1,088.70 down $5.20 as the bear raid continued. On Friday the gold price slipped to $1,084 ahead of London’s opening. The dollar was a tad stronger at $1.1069 Monday morning down from $1.096 on Thursday, against the euro, with the dollar Index down at 96.72 down from 97.03 Thursday last. This morning the LBMA gold price was set at $1,098.60, lower than the price seen in China. The euro equivalent was €992.50 down from €1,001.69 on Thursday. Ahead of New York’s opening, gold was trading in London at $1,100.00 and in the euro at €993.23.

July 24: Gold and Silver Fall Over 3% and 1% on the Week

Gold drifted down to $1077.89 at about 8AM EST, but it then jumped to as high as $1101.48 in afternoon trade and ended with a gain of 0.92%. Silver rose to as high as $14.737 and ended with a gain of 0.27%.

Market Report: Commodity rout

Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five months.

July 23: Gold and Silver End Slightly Lower

Gold gained $11.82 to $1105.72 by a little after 4AM EST, but it then fell back off for most of the rest of trade and ended with a loss of 0.48%. Silver slipped to as low as $14.591 and ended with a loss of 1.01%.

Gold, Silver, Equities: Megaphone Patterns

Examine the 20 year log scale chart of monthly gold. I have drawn lines connecting highs and lows. The result is an expanding channel or megaphone pattern. The increasing prices are exponential (log scale chart) because of exponential increases in debt, money supply, and Keynesian craziness, although I have no graph to prove the latter.

Silver Market Morning

After New York closed at $1,093.90 down $6.30 after closing at $1,100.20 on Tuesday. This morning in Asia the gold price rose back to $1,097 before the LBMA gold price was set at $1,101.65. The dollar was weaker at $1.0996 after yesterday’s $1.0940 against the euro, with the dollar Index down to 97.03 from 97.28 yesterday. The euro equivalent was €1,001.86 down from €1,002.74 yesterday. Ahead of New York’s opening, gold was trading in London at $1,101.80 and in the euro at €1,001.73.

July 22: Gold and Silver End Slightly Lower

Gold fell $12.05 to $1088.15 by a little after 10AM EST before it bounced back higher into midday, but it still ended with a loss of 0.57%. Silver slipped to as low as $14.646 and ended with a loss of 0.07%.

Silver Market Morning

After New York closed at $1,103.20 down $30.70 on Monday it closed at $1,100.20 on Tuesday. This morning in Asia the gold price fell again to $1,094 and was then set at $1,096.80. The dollar was weaker at $1.0940 down from $1.0854 against the euro, with the dollar Index down to 97.28 from 97.89. The LBMA gold price was set this morning at $1,096.80 down $11.20. The euro equivalent was €1,002.74 down from €1,029.31 yesterday. Ahead of New York’s opening, gold was trading in London at $1,094.00 and in the euro at €1,001.33.

July 21: Gold Dips but Silver Gains

Gold dipped down to $1094.46 in Asia before it bounced back to $1109.78 in London, but it then fell to as low as $1098.39 in afternoon New York trade and ended with a loss of 0.27%. Silver rose to as high as $14.966 before it also fell back off in late trade, but it still ended with a gain of 0.68%.

Missing Gold, Unpayable Debts, Financial Crises, Bail-Outs and Bail-Ins... There Must Be a Better Way

There must be a better way! Mathematically unpayable debt, confiscations of private assets, uncontrolled government spending, unfunded liabilities, missing gold, paper gold, officially sanctioned Ponzi Schemes, pension funds on the verge of disaster, and so many more indicate there must be a better way!

David Morgan Talks Silver

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

July 20: Gold Falls Nearly 3% and Silver Slips 1%

Gold crashed down to $1086.81 in early Asian trade before it bounced back to $1117.48 by a little before 4AM EST, but it then drifted back lower again in London and New York and ended with a loss of 2.71%. Silver slipped to as low as $14.57 and ended with a loss of 1.21%.

Silver Market Morning

New York closed at $1,133.90 down $11.20. In Asia the gold price fell $20 to $1,113 ahead of London’s opening. London barely lifted it back to $1,115. The dollar was stronger at $1.0834 up from $1.089, against the euro, with the dollar Index at 98.02 up from 97.54. The LBMA gold price was set this morning at $1,115 down $28.00, after a heavy sale at the close in New York on Friday. The euro equivalent was €1,029.31 down €20.08. Ahead of New York’s opening, gold was trading in London at $1,114.60 and in the euro at €1,028.56.

Good Sign for Silver in the Short Term

A few weeks back the US Mint announced that US Treasury Secretary, Jack Lew, had ordered them to stop selling the #1 retail silver coin in the world...the 1oz Silver Eagle. He ordered it because too many were being sold at the low, manipulated silver price below $15/oz and he knew that there was more pain to come in the silver price suppression so he cut off supply to slow the physical dishoarding of the remaining stockpiles of silver.

July 17: Gold and Silver Fall Over 2% and 4% on the Week

Gold fell $13.85 to $1131.25 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 0.98%. Silver slipped to as low as $14.855 and ended with a loss of 0.8%.

Extremes become more extreme

Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European trade this morning. This is close to the lowest prices we have seen since 2010. At the same time equities have rallied strongly and the S&P 500 Index is within a whisker of its all-time high.

Take the Low Risk Road

The S&P 500 Index has hit numerous new highs in the past three years. Note the log-scale graph below and the broken support lines from 2000 and 2007. The current support line, depending on where it is drawn, is on the verge of breaking.

Silver Market Morning

New York closed at $1,145.10 down $4.20 with Asia and London holding it there in line with the moves in the dollar against the euro. The dollar was stronger at $1.089 up from $1.0934 against the euro with the dollar Index at 97.54 up from 97.27. The LBMA gold price was set this morning at $1,143.00 down $2.10 again, in reaction to the rising dollar. The euro equivalent was €1,049.39 down €1.69. Ahead of New York’s opening, gold was trading in London at $1,144.30 and in the euro at €1,050.54.

July 16: Gold and Silver Fall a Fourth Day

Gold fell $6.55 to $1142.75 by a little after 8AM EST before it bounced back higher in New York, but it still ended with a loss of 0.37%. Silver slipped to as low as $14.918 and ended with a loss of 0.66%.

Another Comex Oddity

I'd like to draw to your attention today to something that relates to the recent stories of "silver supply tightness". As you know, there is all sorts of anecdotal evidence being reported of retail physical silver supply tightness. I'd like to show you something extremely unusual that may be the first sign of a wholesale supply tightness.

Silver Market Morning

New York closed at $1,149.30 down $5.90 with Asia and London taking it $2 lower. The dollar was stronger at $1.0934 down from $1.1011 against the euro with the dollar Index at 97.27 up from 96.66 before London opened. The LBMA gold price was set this morning at $1,145.10 down $9.65 in reaction to the rising dollar. The euro equivalent was €1,051.08 up €3.55. Ahead of New York’s opening, gold was trading in London at $1,145.20 and in the euro at €1,051.32.

July 15: Gold and Silver Fall Once More

Gold fell $10.11 to $1145.09 by late morning in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 0.51%. Silver slipped to as low as $15.014 and ended with a loss of 1.76%.

Fortuna Reports Production of 1.7 Million Ounces of Silver and 9,032 Ounces of Gold for the Second Quarter 2015

Fortuna Silver Mines Inc. (FSM)(FVI.TO) is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.7 million ounces of silver, 9,032 ounces of gold and significant base metal by-products.

Silver Market Morning

New York closed at $1,155.20 down $2.70 with Asia and London holding it there. The dollar was weaker at $1,1011 down from $1.0992 against the euro with the dollar Index at 96.66 down from 96.94 before London opened. The LBMA gold price was set this morning at $1,154.75 up $1.55. The euro equivalent was €1,047.53 up €2.02. Ahead of New York’s opening, gold was trading in London at $1,155.00 and in the euro at €1,047.90.

July 14: Gold and Silver End Slightly Lower Again

Gold dipped $4.87 to $1153.03 in London before it bounced back to $1159.63 at about 9:20AM EST and then drifted back lower again, but it ended with a loss of just 0.23%. Silver slipped to as low as $15.282 and ended with a loss of 0.77%.

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

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

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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

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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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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 Update - January 16th, 2012

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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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