• Gold: 1,194.58 1.32
  • Silver: 15.07 0.08
  • Euro: 1.134 -0.006
  • USDX: 96.712 1.547
  • Oil: 67.09 -0.34

A Depressed Economy And A Silver Boom

5 hours 18 min ago

The current bottoming pattern looks like triangle that broke down. However, it actually is very bullish although it still needs to find a bottom. The bearish look of the triangle is creating that perfect panic that is needed before price can go higher. The wise is buying right now while the fearful are selling. It only is important that price does not go lower than the low of 2015.

Silver Bullion Remains Good Value On Positive Supply And Demand Factors

– Industrial demand set to continue to climb from 2017, into 2018 and beyond – Speculators are bearish on silver as net short positions in silver futures reach record – Investment demand sees silver ETF holdings at eight-month high of 665.4 million ozs – 2017 saw fifth consecutive annual physical deficit in scrap silver, of 26 moz – Global silver mine production fell 4% last year, 2nd consecutive year of decline – Fundamentals and speculative positions suggest silver may soon see strong gains

April 17: Gold and Silver Reverse Morning Losses To End Higher

Gold gained $2.80 to $1348.80 in Asia before it fell back to $1337.70 at about 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.1%. Silver chopped between $16.584 and $16.799 and ended with a gain of 0.6%.

April 16: Gold and Silver End Higher in Mixed Trade

Gold chopped between $1348.60 and $1341.20 in Asia before it climbed up to $1350.50 in midmorning New York trade and then drifted back lower into the close, but it still ended with a gain of 0.12%. Silver edged down to $16.55 before it rose to as high as $16.77 and then also fell back off, but it still ended with gain of 0.18%.

April 13: Gold and Silver Gain Almost 1% and 2% on the Week

Gold gained $6.40 to $1341.60 in Asia before it dropped back to almost unchanged at $1335.60 in London, but it then rose to as high as $1347.10 in early afternoon New York trade and ended with a gain of 0.69%. Silver rose to as high as $16.683 and ended with a gain of 0.97%.

Market Report: Break-Out Hopes Dashed

After inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peaking at $1365 intraday, and silver at $16.87. Those of us watching gold’s established trading range, and silver’s extreme oversold position thought this could be the start of a major breakout to the upside. Those hopes were dashed on Thursday, when both metals retreated, giving up most of their gains on the week.

April 12: Gold and Silver Fall Over 1%

Gold saw slight gains in Asia, but it then fell throughout most of trade in London and New York and ended near its late session low of $1333.90 with a loss of 1.18%. Silver slipped to as low as $16.451 and ended with a loss of 1.08%.

April 11: Gold and Silver Gain with Oil While Stocks Fall

Gold gained $24.40 to as high as $1365.10 in late morning New York trade before it fell back under $1350 by a little after 2PM EST, but it then bounced back higher into the close and ended with a gain of 0.78%. Silver rose to as high as $16.866 and ended with a gain of 0.48%.

April 10: Gold and Silver Gain with Stocks and Oil

Gold dipped $6 to $1331.30 in Asia before it bounced up to $1342.40 in early afternoon New York trade and then drifted back lower at times, but it still ended with a gain of 0.25%. Silver chopped between $16.435 and $16.645 and ended with a gain of 0.48%.

The 4 Biggest Signs For Silver - Mike Maloney Insider's Preview

There are some unprecedented events occurring in the precious metals markets right now - find out about the four biggest signs for silver in this delayed preview of Mike Maloney's Insiders Report (made available to customers on April 3, 2018).

April 9: Gold Rises and Silver Gains Nearly 1%

Gold fell $6.10 to $1326.90 in London, but it then rallied back higher in New York and ended near its late session high of $1337.90 with a gain of 0.32%. Silver rose to as high as $16.552 and ended with a gain of 0.86%.

Is The Silver COT Bullish?

There’s been an abundance of commentary on the net long position of the “Swap Dealers” in Comex silver futures per the COT report. As of the latest COT report, the Swap Dealers are net long almost 22k silver contracts. This is unprecedented. At the same time, the “Large Speculators,” the majority of which is comprised of the “managed money” (hedge funds) sub-component, are net short nearly 17k silver contracts. The data my business partner tracks goes back to April 2004. In that period of time, the Large Speculator category has never been short until February 2018.

Silver May Be Getting Ready to Shine Again

The bullion banks (Commercials) are almost certainly now betting for higher silver prices and have relinquished their concentrated short position. Meanwhile, the large speculators are positioned increasingly short. The good news for silver bulls is the bullion banks dominate the futures markets, by hook or by crook, and they generally win versus the speculators.

The Beautiful Chartology of SLV

SLV along with the PM stocks have been under performing gold in a pretty significant way. Normally you would like to see the PM stocks outperforming gold on the front end of a bull market similar to what we saw back in the beginning of the 2000 bull market in the PM complex. So far that hasn’t been the case.

April 6: Gold and Silver Find Slight Gains on the Week

Gold fell $6 to $1320.30 in Asia before it climbed up to $1335.20 in early New York trade and then drifted back lower at times, but it still ended with a gain of 0.51%. Silver chopped between $16.258 and $16.489 and ended with a loss of 0.18%.

Discussing Comex Silver

With the open interest in Comex silver blowing out to a new alltime high yesterday, we thought it best to discuss again what this indicates and what it doesn't. As of yesterday's Comex close, the total open interest in Comex silver is at an alltime high of 241,135 contracts. This blows away the previous alltime high seen on April 20 of last year at 234,787 contracts. Let's first hit the basics...

April 5: Gold and Silver End Mixed Before Jobs Day

Gold fell $10.60 to $1322.80 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.53%. Silver dropped down to $16.181 in Asia, but it then rose to as high as $16.417 in New York and ended with a gain of 0.49%.

Silver Finally Starts To Catch Up With Gold

Based on the gold/silver ratio one would expect silver to do better than gold even if both are rising. And based on the COT report, gold should fall while silver rises. Today the metals finally started to behave this way, with silver rising and gold falling.

Silver Bullion: Should We Be Worried About Silver?

– LBMA report: volume of silver ounces transferred in February fell by 24% – Standard Chartered: gold-silver ratio and supply/demand fundamentals favour silver – Gold/silver ratio at near two-year high on silver’s underperformance – Silver COT reports remain more bullish than at any time in history – Silver expected to outperform gold as macro and industrial factors begin to drive price

April 4: Gold and Silver Erase Early Gains To End Mixed

Gold gained $16.40 to $1348.10 at about 9AM EST before it slid back lower into the close, but it still ended with a gain of 0.13%. Silver chopped between $16.528 and $16.248 and ended with a loss of 0.67%.

April 3: Gold and Silver Cut Into Yesterday’s Gains

Gold fell $13 to $1328.90 in late morning New York trade before it nearly halved its drop by early afternoon, but it then drifted back lower into the close and ended with a loss of 0.76%. Silver slipped to as low as $16.358 and ended with a loss of 1.08%.

April 2: Gold and Silver Gain Over 1% While Stocks Drop 2%

Gold gained $18.80 to $1344.70 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 1.21%. Silver rose to as high as $16.673 and ended with a gain of 1.59%.

March 29: Gold and Silver Fall Over 1% on the Week

Gold fell $4.50 to $1321.20 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.015%. Silver dropped down to $16.222 in early New York trade, but it then rallied to as high as $16.363 in afternoon trade and ended with a gain of 0.31%.

March 28: Gold and Silver Fall Over 1%

Gold saw slight gains in early Asian trade, but it then fell back off for most of the rest of the day and ended near its late session low of $1323.60 with a loss of 1.38%. Silver slipped to as low as $16.246 and ended with a loss of 1.33%.

Optimist or Pessimist on Silver

Silver demand increases every year and will push prices higher. Our modern world depends upon electronics, computers, missiles, fighter jets, cruise missiles, technology, communication devices and more. Each new application adds to silver demand. Medical applications, electric cars and photovoltaic solar panels need more silver and will boost demand.

Revisiting 2011 and COMEX Silver

There has been a lot of talk lately about the bullish internals of COMEX silver, and rightfully so! The size of the Speculator net short position is the largest in two decades, and this is a decidedly bullish indicator. Since all of this data comes from the weekly, CFTC-generated Commitment of Traders reports, we thought it would be fun to take a look back today and compare/contrast the current open interest and CoT structure to 2011, the last time price got "disorderly" to the upside.

May 28: Gold and Silver Fall About 1%

Gold fell over $21 to $1373.66 at about 10:15AM EST before it rose to as high as $1401.20 in the next hour and a half of trade, but it then fell back off into the close and ended with a loss of 0.98%. Silver slipped to $22.14 before it climbed back to $22.634, but it then fell back off in early afternoon trade and ended with a loss of 1.59%.

May 30: Gold and Silver Rise Over 1% More

Gold popped up to $1410.53 in Asia before it fell back under $1400 in London, but it then rose to as high as $1417.80 in New York and ended with a gain of 1.36%. Silver surged to as high as $23.085 and ended with a gain of 1.25%.

June 3: Gold and Silver Gain About 2%

Gold climbed to $1401.64 by a little after 4AM EST before it fell back to $1390.83 in the next six hours of trade, but it then climbed to as high as $1416.69 in New York and ended with a gain of 1.96%. Silver surged to as high as $22.952 and ended with a gain of 2.57%.

June 11: Gold and Silver Fall With Stocks, Dollar, and Oil

Gold fell to as low as $1366.70 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $21.49 and ended with a loss of 1.19%.

June 12: Gold and Silver Gain While Stocks Fall

Gold dipped to $1373.73 in Asia and traded mostly slightly lower in London before it jumped up to $1394.25 in late morning New York trade and then drifted back lower in afternoon trade, but it still ended with a gain of 0.73%. Silver surged to as high as $22.012 and ended with a gain of 0.37%.

Huldra Silver Provides an Update on Mill Efficiencies and Surface Exploration Plans

As part of an effort to reduce costs and increase efficiency, Huldra has temporarily suspended milling operations in Merritt, BC a few days prior to a planned maintenance procedure in order to install previously purchased rubber ball mill liners that will significantly increase the throughput capacity of the mill to approximately 300 tonnes per day from the current maximum of 250 tonnes per day, depending on the work index of the mill feed. The delivery of the liners is expected later this week and should take approximately one day to install. The ball mill is currently being prepared for the new liners. A number of other maintenance items will be completed during this time to increase the efficiency of the operation of the mill. Once complete, the mill will be run at maximum capacity with reduced cost. Only essential personnel will be on site during the maintenance procedure.

July 3: Gold and Silver Gain as Oil Tops $100

Gold fell $5.50 to $1236.70 at about 3:30AM EST, but it then rose to as high as $1259.40 in New York and ended with a gain of 0.86%. Silver surged to as high as $19.905 and ended with a gain of 2.38%.

July 9: Gold and Silver Gain Almost 1%

Gold climbed $23.70 to $1260.20 in Asia before it fell back off in London and New York to as low as $1241.90 at about 2:20PM EST, but it then rallied back higher in the next hour of trade and ended with a gain of 0.96%. Silver rose to $19.506 before it fell back to $19.066 in London, but it then bounced back higher in New York and ended with a gain of 0.84%.

Silver Market Morning

New York closed on Tuesday at $1,285.40 up $34.30. This morning in Asia pulled back to $1,280 then as London started it slipped back to $1,275 and was Fixed at $1,275.00 down $5.75 on yesterday’s Fix and in the euro at €976.787, down €5.0 showing gold yesterday moved down in both currencies as the dollar recovered. Ahead of New York’s opening gold was trading at $1,276.95 and in the euro at €978.81.

Silver Market Morning

Asia again lifted the market up to $1,336 after New York closed at $1,333.70 up another $16 on London. London pulled it lower ahead of the Fix where it was set at $1,326.75 up $13 from yesterday but down $10 on the start of the day and was Fixed in the euro at €1,007.10 up nearly €9.00. Ahead of New York’s opening gold was going firmer at $1,329.55 and in the euro at €1,008.84.

Silver Market Morning

New York closed at $1,342.4 up $8.70. London lifted it ever so slightly to $1,343.30 ahead of the Fix where it was set at $1,340.00 up $13.25 from yesterday and was Fixed in the euro at €1,012.31 up €5.20. Ahead of New York’s opening gold was holding that level and in the euro at €1,012.96.

July 31: Gold and Silver End Mixed In Volatile Trade

Gold jumped to $1338.55 in early Asian trade before it fell to as low as $1306.20 at about 11AM EST and then bounced back higher after this afternoon’s fed statement, but it still ended with a loss of 0.26%. Silver slipped to as low as $19.39 at about noon EST, but it then rallied back higher in the next few hours of trade and ended with a gain of 0.51%.

August 6: Gold and Silver Fall About 1%

Gold fell to as low as $1279.64 by a little before 10AM EST before it bounced back higher midday, but it still ended with a loss of 1.37%. Silver slipped to as low as $19.47 and ended with a loss of 0.82%.

August 7: Gold and Silver End Near Unchanged

Gold fell to $1272.60 in London before it rebounded to as high as $1289.09 in New York, but it then fell back off in the last hour of trade and ended with a gain of just 0.12%. Silver slipped to $19.159 before it rose to as high as $19.62, but it also fell back off in late trade and ended with a loss of 0.05%.

Silver Market Morning

New York closed at $1,285.10 up $1.50 but down $18.80 on the day before. Asia saw the gold price lifted to $1,290. It then Fixed in London at $1,287.75 down $4.25 and in the euro at €964.246 down nearly €8.80. Ahead of New York’s opening gold was at $1,288.65 and in the euro at €965.03.

August 12: Gold and Silver Gain About 2% and 4%

Gold rose over $20 in Asia before it fell back to $1322.60 in London, but it then climbed to as high as $1343.30 in New York and ended with a gain of 1.77%. Silver surged to as high as $21.451 and ended with a gain of 4.3%.

August 14: Gold and Silver Gain About 1% and 2%

Gold fell to $1315.70 in Asia before it rebounded to $1327.00 at about 5AM EST and then dropped back to $1319.00 in the next four and half hours of trade, but it then jumped to as high as $1335.86 in New York and ended with a gain of 1.01%. Silver surged to as high as $21.851 and ended with a gain of 1.82%.

August 15: Gold and Silver Gain About 2% and 5%

Gold rose $11.04 to $1346.04 in Asia before it fell to see a $16.01 loss at $1318.99 after this morning jobs data was released, but it then rallied back higher throughout most of the rest of trade and ended near its midafternoon high of $1369.59 with a gain of 2.09%. Silver climbed to $22.171 in Asia before it fell to as low as $21.71 at about 9AM EST, but it then rose to as high as $23.171 and ended with a gain of 4.99%.

Losing Control

The Fed is on the verge of completely losing control of its Treasury bond "QE" Ponzi Scheme; as in reality, the 32-year Treasury Bond market is decidedly OVER. China and Japan are selling, the rest of the world is selling, and thus, the Fed will likely be forced to announce "QE5" around the same time they were initially expected to start "tapering."

Discover Your Next Resource Investment With Two of The World’s Top Resource Financiers: Ned Goodman & Eric Sprott

Cambridge House International is pleased to announce the attendance of two of the World’s top resource financiers at the upcoming Toronto Resource Investment Conference. Ned Goodman, founder of Dundee Corporation, and Eric Sprott, founder of Sprott Asset Management LP, will be delivering keynote speeches during a historic moment in the resource sector.

World's Largest Silver Producing Company Reports Big Decline in Production

The world's largest silver producer saw its production decline substantially in the first half of 2013. Many assume this decline came from Fresnillo, which is known as the largest primary silver miner in the world. However, it was recorded by KGHM Polska Miedz, the largest by-product silver producer on the planet whose annual silver production was 41 million oz in 2012.

August 20: Gold Gains While Silver Slips

Gold fell $14.34 to $1352.26 in Asia, but it then climbed to as high as $1377.00 in New York and ended with a gain of 0.34%. Silver slipped to $22.28 in Asia before it rebounded to as high as $23.301 by a little after 10AM EST, but it then drifted back lower into the close and ended with a loss of 0.69%.

August 29: Gold and Silver Fall But Miners End Higher

Gold fell $11.12 to $1404.58 in Asia before it climbed back to $1416.10 at about 8:30AM EST and then dropped back to $1402.70 in the next couple of hours of trade, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.61%. Silver slipped to as low as $23.65 ended with a loss of 1.81%.

October 15: Gold and Silver Gain While Stocks and Oil Fall

Gold fell $21.14 to $1251.56 by a little after 7AM EST before it rebounded to $1277.08 in early New York trade and then fell back to $1267.20 by late morning, but it then climbed to a new session high of $1287.92 in the next few hours of trade and ended with a gain of 0.68%. Silver slipped to as low as $20.494 at one point, but it then rose to as high as $21.50 and ended with a gain of 0.33%.

October 29: Gold and Silver End Mixed Before Fed Day

Gold popped back above $1360 in early Asian trade before it fell back to $1340.56 by a little before 4AM EST and then bounced back higher in New York, but it still ended with a loss of 0.62%. Silver slipped to as low as $22.281 in late Asian trade, but it then climbed to as high as $22.598 in New York and ended with a gain of 0.04%.

Silver rallies, but set for hefty drop on quarter

Silver futures led the rally among major metals Friday, but it was still poised for a loss of around 16% for the quarter.

Silver Market Update

Much of what is written for the Gold Market update applies equally to silver, so it will not be repeated here. There are, however, some important differences that we will focus on here, which suggest that silver now has really big upside potential from this point, despite its comparatively anemic reaction on Friday to the news out of Europe, compared to other commodities.

Capped at Round Numbers

Gold prices are AGAIN being capped at a round number, this time $1,590/oz despite a veritable cornucopia of gold bullish news, from steadily beating Middle East “war drums,” to FIVE separate pieces of weak U.S. economic data, to the implosion of the MOST IMPORTANT STOCK IN THE MARKET – “Margin Stanley” – following abysmal earnings that included the disclosure that it still needs to post $3 billion for collateral related to the recent Moody’s downgrade. Silver, too, is being heavily capped, at the same KEY ROUND NUMBER of $27.50/oz that has served as the Cartel’s line in the sand for roughly three weeks.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

Silver Market Update

First Majestic Completes Acquisition of Silvermex Resources

First Majestic Silver Corp. ("First Majestic") (FR.TO)(AG)(FMV.F) and Silvermex Resources Inc. ("Silvermex") (SLX.TO)(OTC.BB:GGCRF)(GSBN.F) are pleased to announce the completion of the plan of arrangement (the "Arrangement") previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.

Real Money

The global economic meltdown continues, with the “President’s Working Group on Financial Markets” doing their best to support the “DOW JONES PROPAGANDA AVERAGE” while other (unnamed) forces attempt to cap the “barometers of bad tidings” – gold and silver.

Silver Market Morning

Gold closed in New York at $1,581.00 $4 higher, yesterday. London’s morning Fix today was set at $1,583.00 up $3 on yesterday and in the euro at €1,291.296, while the euro stood at €1: $1.2259 down nearly 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,581.75 in the middle and in the euro at €1,293.28.

Better Places to Keep Your Money than the Bank

My local bank in Colorado is literally offering to pay me no interest --just an offensive 0.05% annually, before taxes. The interest rate triples to 0.15% when the balance exceeds $50,000. Absolutely no incentive when one considers the risks the bank imposes on your capital, retaining only pennies on the dollar of your money, then leveraging your capital -- fractional banking. How can I be interested in a 0% savings rate deposited at a relatively risky institution while supporting the fractional banking system?

COMEX Silver Inventory Update: -287,542.774 ounces

COMEX Silver Inventory Update: -287,542.774 ounces

First Majestic Reports Second Quarter Financial Results

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

COMEX Silver Inventory Update: +566,677.050 ounces

COMEX Silver Inventory Update: +566,677.050 ounces

Bull Hammer in Silver

There was some major downside price rejection yesterday in Silver which can be seen clearly in the bull "Hammer" daily candlestick pattern. This should make the bears think twice about their prospects. There is potential here for a near term change in trend, but it is important to remember Japanese Candlestick patterns are useless without confirmation.

iShares Silver Trust: +30.18 tonnes

iShares Silver Trust: +30.18 tonnes

Helicopter Ben Speaks

Another typical day in the land of “free markets.” Under an endless crush of “horrible headlines,” stocks are simply not allowed to decline. Of course, when Helicopter Ben speaks before Congress – as he did today in his bi-annual “Humphrey Hawkins” economic testimony – gold is viciously attacked, as if Bennie has EVER hinted of incremental monetary policy on Capital Hill. Just yesterday, gold was a (capped) safe haven, but all of a sudden, it’s not.

CFTC’s Chilton Sees Silver Probe Concluding This Year

A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

July 27: Gold and Silver Gain About 2% on the Week

Gold climbed almost 1% to $1629.31 at around 8:20AM EST before it drifted back lower at times in New York, but it then bounced back higher in late trade and ended with a gain of 0.48%. Silver surged to as high as $27.839 before it also fell back off at times, but it still ended with a gain of 0.98%.

COMEX Silver Inventory Update: -621,019.100 ounces

COMEX Silver Inventory Update: -621,019.100 ounces

August 1: Gold and Silver Fall With Stocks

Gold edged up to $1618.45 in Asia before it dropped down to $1592.17 after the FOMC announcement, but it then bounced back higher in late trade and ended with a loss of just 0.87%. Silver slumped to as low as $27.157 before it also rebounded, but it still ended with a loss of 2.04%.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes