• Gold: 1,339.05 -2.07
  • Silver: 14.83 -0.03
  • Euro: 1.122 0.001
  • USDX: 97.564 -0.008
  • Oil: 51.83 -0.74

The Rise of Silver and Major Economic Decline

Currently silver priced in the Dow is close to all-time lows. Economic conditions has been favourable to paper and debt-based assets. The bullish wedge is an indication that all this is about to change. There has now been a breakout of the wedge and the ratio seems ready to go much higher. On the chart, I have indicated how the periods indicated by the green arrows have been associated with economic prosperity, and the red one with economic decline...

Rocket Fuel

According to silver analyst Theodore Butler, various hedge funds are currently short 440 million ounces of silver on the COMEX futures market. That’s over half the silver that’s mined in a year. These funds manage money for big investors and they rely on computerized trading programs. Human judgements and emotions don’t enter into trading decisions. Their foremost trading strategy is to buy or sell when moving averages are penetrated. If the price of silver or gold moves upward to the point it goes through the average of prices over the past 50 days, it causes some short selling programs to buy and close out their short position. A penetration of the more important 200 day moving average sparks major buying and can lift the price significantly.

Precious metals and silver technical video-update...

If silver can break $14.61 area, the downtrend can be negated.

When (Not If) Silver Has a "Bitcoin Moment...

So, don't sit around with "not enough" – or not any – physical silver (and gold) until a "bitcoin moment" in the metals takes place. If you hesitate long enough, you just might find yourself benched during the entire "last 10% (and majority profit potential) of an explosive finale. But by all means, avoid contracting a terminal case of FOMO (fear of missing out), which causes you to buy the top!

Silver – Eight Years Later

Eight years ago, silver reached $48 per ounce. COMEX changed the margin requirements, and others dumped thousands of paper contracts on the COMEX market to smash prices lower. They succeeded, as usual. Old news! As they say, “Wash, rinse and repeat.” Gold and silver prices fell hard since their 2011 highs, while central banks levitated the S&P 500 Index, most stocks, and bonds with massive infusions of cheap debt. Central banks also purchased stocks and bonds. Inexpensive debt, QE, and bond monetization were good for the DOW and S&P 500 stocks. Central banks are reluctant to change policies, but the world may have arrived at another “Peak Debt” moment similar to 2008. What are prospects for silver and gold in the next several years? What data backs up the prognosis?

GoldSeek Radio Nugget: David Morgan - "We...

The world's appetite for US' debt has peaked a few years ago. It is De-Dollarization..

World’s Largest Primary Silver Miner Production...

Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while silver production fell the most at its Fresnillo Mine, the company also experienced declines at its Saucito and San Julian Mines. Total silver production at Fresnillo PLC dropped by 15% in the first quarter compared to the same quarter in 2018.

Precious Metals Update Video: Silver oversold...

Silver oversold down into a support area - video update.

Behind Closed Doors

A fog lifted from the silver market last week and we could see things clearly that we had only guessed at. A former commissioner of the Commodity Futures Trading Commission (CFTC), Bart Chilton, sat for an interview with blogger Chris Marcus to discuss silver market shenanigans. Mr. Chilton was a commissioner from 2007 to 2014. The interview got interesting when he began to discuss the failure of Bear Stearns in 2008. They held a large short position in silver along with JPMorgan who took over Bear Stearns’ short position at the time.