• Gold: 1,159.28 0.27
  • Silver: 16.85 -0.00
  • Euro: 1.055 -0.001
  • USDX: 101.6 0.41
  • Oil: 51.48 0.53

Live Silver

Bid|Ask 16.85 16.87
Low|High 16.79 17.12
Change -0.00  -0.02% 
Dec 09, 2016 16:19:25 EST
1 mo -1.56 -8.48%
1 yr +2.6747 +18.87%
Low|High 13.64 21.14

Live Gold

Bid|Ask 1,159.28 1,159.44
Low|High 1,156.09 1,172.05
Change 0.27  0.02% 
Dec 09, 2016 16:19:26 EST
1 mo -116.88 -9.16%
1 yr +86.95 +8.11%
Low|High 1,047.67 1,375.17

Gold-Silver Ratio

Bid|Ask 68.71 68.82
Low|High 68.21 69.01
Change -0.0197  -0.03% 
Dec 09, 2016 16:19:26 EST
1 mo -0.4634 -0.67%
1 yr -6.8821 -9.1%
Low|High 63.95 83.82

Silver Edition

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SilverCOTReport, December 9, 3:10 pm

COT Silver Report - December 9, 2016

Alasdair Macleod, December 9, 11:29 am

Today gold is unchanged from last Friday’s close at $1170 and silver is up 34 cents at $17.10, in mid-morning European trade this morning. However, bearish commentary is increasing, with increasing numbers of know-it-alls always ready to dream up stories as to why gold has fallen, and why it will collapse further. While no one knows future prices, when increasing numbers of ill-informed commentators profess to, it can usually be taken as a contrary indicator, rather like an oversold index. So the few who say they are bullish at current levels have a reasonable chance of being right, though it may take a little time to be proved.

Rory Hall and Dave Kranzler, December 9, 9:16 am

According to the plaintiffs, records surrendered by Deutsche Bank show traders and submitters coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.

Andrew Hoffman, December 8, 4:09 pm

The reasons for silver demand to explode – amidst an environment of verified peak production, and historically low above-ground, available for sale inventories, have never, in my very strong view, been stronger. Which is why, I might add, the opportunity to make a year-end tax swap (discussed yesterday), at an historically high gold/silver ratio of 69, may make sense to many investors. Eventually, the suppression of the dying monetary systems’ Achilles Heel, silver, must die – and when it does, the “revaluation” process will likely be unprecedented in modern financial market history.

Craig Hemke, December 8, 1:27 pm

Back in April, the Cartel Shills and Apologists attempted to minimize the news that a settlement had been reached regarding a "nuisance lawsuit" alleging price rigging in gold and silver. As we told you at the time and on many occasions since, this case is instead quite significant and very important. The latest update on the case, released late yesterday, sheds more light upon what we've always known was taking place behind the scenes in the "free and fair precious metals markets".

Allan Flynn, December 8, 11:49 am

Assuming the transcripts submitted are accepted and plaintiffs are permitted to file their Third Amended Complaint, the possible pending “avalanche” of settlements in silver lawsuits will speak volumes for the investigative prowess of the CFTC and the DOJ, both of which were commissioned to investigate long running allegations of silver and precious metals market manipulation over recent years, and came up completely empty.

admin, December 8, 10:04 am

Eight months after Deutsche Bank AG settled a lawsuit claiming it manipulated gold and silver prices, documents it disclosed as part of the accord provide “smoking gun” proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market, plaintiffs claim.

Andrew Hoffman, December 7, 1:23 pm

Before I get started, I’m reprinting the comments from our free daily e-newsletter (go to milesfranklin.com to sign up) from our President and Co-Founder Andy Schectman – about the unique tax strategy current regulations afford, regarding the legality of year-end Precious Metal “wash-sales.” That is, the ability to take losses in gold, silver, or platinum trades, and immediately re-invest in kind, without waiting the 30-days required to validate a loss in financial securities like stocks and bonds.

GoldCore, December 7, 8:52 am

The Indian government has been trying to reduce its citizens’ demand for imported gold through a number of means over the last few years. This is part of a wider crackdown on currency used in the black market, that included the withdrawal and replacement of its two largest-denomination bank notes in early November. The strategy will likely have some unintended consequences if we take our cues from the events of 1910.

Andrew Hoffman, December 6, 11:19 am

The market “response” to the Italian referendum – unquestionably, a political, financial, and economic “nuclear bomb” – was as hideously rigged as anything I’ve ever seen. And trust me, the strafing is just starting, given this morning’s news that not only is Bank Monte dei Paschi likely to be nationalized this weekend, but snap elections to elect a new Prime Minister (likely, a violently anti-EU Five Star Movement candidate) may occur as soon as next month.


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