• Gold: 1,425.61 -20.30
  • Silver: 16.18 -0.16
  • Euro: 1.122 -0.005
  • USDX: 97.112 0.318
  • Oil: 55.36 -0.47

Precious Metals Big Picture, as Silver Gets on Its Horse

3 hours 22 min ago

While many are talking about major new bull markets in gold, silver and the miners I find it safer to set realistic goals within a still very bullish outlook. After all, we became bullish in November, had to retrench due to over-bullish sentiment and fading fundamentals in February (both situations linked here) and then have been back in the bull seat since the gold stock launch as noted on June 3rd. The point being, I have nothing to prove to you; nothing to woo you and tempt your greed impulse about. NFTRH has simply called the sector in line with its fundamentals and technicals, and that is what we continue to do as of this day. We chart 20 quality miners (+/-) each week and note short-term targets, resistance, etc. for the miners, gold and silver routinely.

Get on the Ira Silver Train

For more modest IRAs you may want to consider Gold Star Trust. Simply set up an account on line and then roll over some or all of your funds into the new account. Gold Start Trust was formerly American Church Trust and specialized in Church bonds. I have been associated with them for almost 20 years. After you account is funded simply call your favorite precious metals dealer (yours truly for one) and you can purchase precious metals for your IRA. The metals have to be held in a 3rd party depository which is where Gold Star Trust comes into play. Your metals dealer ships the precious metals to Gold Star and they pay directly from your IRA account. There are a few restrictions on allowed metals but most popular forms of precious metals are allowed in the IRA. Storage costs are reasonable.

Precious Metals Update Video: Silver oversold, trend is down

Silver oversold, trend is down.

Precious Metals Update Video: Silver in a downtrend but..

Precious Metals Update Video: Silver in a downtrend (video update)

Precious Metals Update Video: Silver hits lower bollinger band support

Precious Metals Update Video: Silver hits lower bollinger band support, important support area and oversold.

Precious Metals Update Video: Silver has not yet turned that corner..

Silver has not yet turned that corner (video technical update)

Precious Metals Update Video: Silver remains above its 18-DMA

Silver market is similar to gold - lower highs and lower lows. For two weeks in a row, silver above its 18-DMA. (video update).

Precious Metals Update Video: Gold-Silver ratio is starting to favor silver

Precious Metals Update Video: Gold is not overbought. Silver - lower lows, lower highs.

Silver Demand in India Set for 4-Year High on Farm Cash Payout

Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the general election, according to Metals Focus Ltd.

Precious Metals Video Update: All eyes on FOMC today

FOMC today - Fed dot plot will be a focus. Silver and gold stocks need to be careful here, can turn bearish.. Copper options at an all-time record:

Technical Scoop: March-17-2019 -- Silver

As we noted, silver slipped a small 0.2% this past week. Silver appears to be in a nice bull channel. We will see if it can hold that channel even as gold might move lower. A breakdown under $15 would change that scenario and silver could fall to the $14.60 range. Technically, it made what could be seen as a double top at $16.20 and $16.19. If so, the breakdown under $15.44 suggested the potential to fall to $14.45. Currently the low is $14.98, but if that goes then $14.45 becomes a possibility. Only new highs would break this mildly bearish scenario. However, in the interim silver should follow gold higher, at least for the short term. New highs above $15.55 could suggest a move towards $16 once again but a more likely target zone is between $15.70 and $15.80.

Palladium Pandemonium May Portend a Silver Mania Ahead

Unlike platinum and palladium, silver has a long history of use as money. Even though silver is no longer minted into coins meant for circulation, it is still sought after by investors in coins and other forms for wealth preservation, inflation protection, and possible future use in barter or trade. Like platinum, silver looks extremely cheap when measured against palladium. Over the past three years while palladium has tripled in price, platinum has actually lost a few dollars. Silver is essentially unchanged over that period. Silver is so cheap at under $15.50/oz. that even if it goes on to follow in palladium’s footsteps and triples in value, it will still sit below its former all-time high of $49.50/oz.! What other asset class offers the opportunity to triple your money as a warm-up before prices break to new highs? Not stocks. Not bonds. Not real estate.

Kootenay Reports Positive Metallurgical Results from Cervantes Gold Project, Sonora, Mexico - under Option to Aztec Minerals

The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.

Bolivia Proving its Metal with New Pacific (TSX-V: NUAG) Drill Results and Partnership; A Frontier Opportunity for Investors and a Nation

The company has a cash position of $35,212,000 CAD, no debt, and has planned a further 55,000 meters of drilling to complete on the Silver Sand property. If the last batch results indicate anything, there is more good news to come. Despite its past, Bolivia presents significant opportunities for discovery and investors that have deep industry experience. The world is watching and Silver Sand could be Bolivia’s next silver mine. New Pacific Metals Corp. trades on the TSX Venture Exchange under the symbol “NUAG” and “NUPMF” in the U.S on the OTC market.

Silver, not gold, is the portfolio insurance to buy now

"Precious metals resemble insurance. We pay premiums before disaster strikes, hoping that we won’t need to make a claim. A small investment in silver and gold, less than 5% of a portfolio, serves the same purpose. We should buy insurance when the premiums are low and keep the coverage. Just let the protection sit there so you can sleep well at night. The ageless storehouses of gold and silver work when nothing else does, like during the Great Recession. Both precious metals are excellent investments to hedge against unforeseen risks. Silver makes sense because it is cheaper, rises faster than gold when disaster strikes, and is easily divisible into small coins, just in case you need to buy a loaf of bread or an iPhone and paper currency doesn’t work. Gold also belongs in a portfolio, because a small amount goes a long way in settling obligations. But right now silver is a much better bargain. It has declined by more than 65% from its 2011 peak while gold is off by about 30%. Portfolio insurance is cheap today. If you own silver, hold on. If not, buy it."

Assay Results 'Give a Sense of the Tremendous Scope' of Bolivia Project

We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results. In January, the company announced a major land expansion of its Silver Sand project in Bolivia though an agreement with Corporación Minera de Bolivia (COMIBOL) granting New Pacific the right to carry out exploration, mining and production on lands adjoining Silver Sand. The Mining Production Contract (MPC) is for a total of 56.9 square kilometers, a many-fold increase from the original 3 square kilometer Silver Sand land package.

Trade the Gold to Silver Ratio

Buy gold for insurance against fiscal and monetary predations of central bankers, commercial banking and government. Yes – certainly! Buy silver for insurance, profit and beautiful coins. Yes! Buy both to own real money that has no counter-party risk.

New Pacific Reports High Recovery of Silver Achieved for Sulphides and Transitional Mineralized Materials from Silver Sand, Bolivia

VANCOUVER, British Columbia – February 7, 2019 – New Pacific Metals Corp. (TSX-V:NUAG) (OTCQX:NUPMF) (the “Company”) is pleased to announce the preliminary results of the first metallurgical test work for its Silver Sand project in Potosi, Bolivia. Metallurgical sampling and test work commenced in September 2018 – the flotation recovery and bottle roll leaching test works for the transition and sulphide mineralized materials have been completed and test work on the oxides is under way. All tests, including column leaching test works, are expected to be completed by the end of April 2019. Positive recovery results have been achieved in the extraction of silver by the processes of flotation and direct cyanidation from the initial metallurgical test work.

Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where DOJ Did

A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes:

Silver Market Trends - 2019 (The Silver Institute)

(Washington D.C. – February 5, 2019) Last year, the silver market faced a challenging environment which was reflected in a muted price performance. Preliminary estimates point towards a minor 0.3 percent increase in total supply whereas demand contracted 3 percent. A slowing Chinese economy, coupled with rising U.S. interest rates, an equity market bull run, and global trade tensions, affected the price performance across many markets, including gold and silver. This year, we expect the sentiment to be more supportive for the silver market. The start of 2019 has already proven to be good for silver investors. The U.S. Mint for example, sold 12 percent more American Eagles in January compared to January 2018. In addition, the expected slowdown in the U.S. FED rate hiking cycle should also benefit silver, which in comparison to gold, has a very attractive price point based on the high gold:silver ratio at around 82. Against this backdrop, the Silver Institute provides the following insights on 2019 silver market trends.

New Pacific Announces the Appointment of Dr. Peter Megaw as a Technical Advisor to the Company

VANCOUVER, British Columbia, Feb. 04, 2019 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the appointment of Dr. Peter Megaw, Ph.D., C.P.G., as a technical advisor to the Company with the primary objective of providing strategic and technical advice to senior management. Dr. Megaw has a Ph.D. in geology from the University of Arizona and more than 35 years of relevant experience focused on silver and gold exploration. He has been instrumental in a number of mineral discoveries including MAG Silver's Juanicipio and Cinco de Mayo Properties, Excellon Resources' Platosa Mine, and new ore bodies at existing mines. He is the author of numerous scientific publications on ore deposits and is a frequent speaker at academic and international exploration conferences. Dr. Megaw was also awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District, Mexico.

Canadian Explorer Makes 'Significant Silver Discovery' in Bolivia

In a Jan. 22 research note, analyst Joe Reagor reported maiden drill results were "worth the wait" as they confirm a "significant silver discovery" at New Pacific Metals Corp.'s (NUAG:TSX.V; NUPMF:OTCQX) Silver Sand project in Bolivia. Of the first 98 holes reported from the company's 2018 drill program, 94 hit silver mineralization. "A conversion ratio of this magnitude is uncommon in the mining industry and thus further supports our view that the Silver Sand project is a unique opportunity," Reagor highlighted. Overall, the 94 holes intersected an estimated average of 58.3 meters (58.3m) of mineralization with an average grade of 83.8 grams per ton (83.8 g/t) silver. One highlight assay was 76.6m at a grade of 383 grams per ton silver.

New Pacific Reports First Results From 2018 Drill Program at Silver Sand, Bolivia

The drilling program commenced in mid-October 2017. A total of 55,010 metres in 195 HQ size diamond core drill holes had been completed by mid-December 2018. The drill program covers an area of approximately 1,600 m long in the north-south direction and up to 800 m wide in the east-west direction. The holes were drilled along northeast 60 degree oriented sections with a 50 m spacing between the sections. Most drill holes are drilled at dip angle of 45 degrees to penetrate the principal trend of the mineralized structure zones with an average hole length of approximately 285 m. To date, assay results of drill core samples of 98 holes have been received and analyzed, of which 94 holes intercepted silver mineralization.

Silver Market Morning

Poll: Where will the Silver Price end 2012?

Please vote in our SilverSeek.com Poll! Where will Silver price end 2012? Below $25 $25-30 $30-$35 $35-$40 Above $40

May 9: Gold and Silver Fall 1%

Gold fell over $27 to as low as $1579.74 by about 9AM EST, but it then rallied back higher into the close and ended with a loss of just 0.98%. Silver slipped to as low as $28.629 before it also rallied back higher, but it still ended with a loss of 1.02%.

May 10: Gold and Silver End Mixed

Gold fell another $5.30 to $1585.70 at about 6AM EST before it rebounded to $1601.42 at about 10AM EST and then pared it gains a bit, but it still ended with a gain of 0.19%. Silver slipped to $28.94 before it climbed back to $29.455, but it then fell back off into the close and ended with a loss of 0.48%.

May 11: Gold and Silver Fall About 4% on the Week

Gold fell $20.28 to $1573.72 by about 3:30AM EST before it climbed back to $1590.53 by late morning in New York, but it then fell back off into the close and ended with a loss of 0.8%. Silver slipped to as low as $28.436 by midmorning in New York before it rallied back to $29.15, but it also fell back off in afternoon trade and ended with a loss of 0.58%.

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."

Great Panther Silver Reports First Quarter 2012 Financial Results

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Live Silver Price Chart

Live 1-Hour Spot Silver Price Chart: http://www.silverseek.com/quotes/hoursilver.php

May 17: Gold and Silver Gain Over 2% and 3%

Gold jumped to as high as $1579.80 by midday in New York before it drifted a bit in afternoon trade, but it still ended with a gain of 2.23%. Silver surged to as high as $28.33 and ended with a gain of 3.2%.

Poll Results: Where will Silver End 2012?

Total votes: 1199 | #1 result = Above $40 (583 votes)

May 21: Gold and Silver End Mixed

Gold fell $6.40 to $1585.00 at about 9:30AM EST, but it then chopped back higher midday and ended with a gain of 0.16%. Silver slipped to as low as $28.076 before it also bounced back higher, but it still ended with a loss of 0.56%.

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

COMEX Silver Inventory Update: +528,970.137 ounces

COMEX Silver Inventory Update: +528,970.137 ounces

May 31: Gold and Silver End Slightly Lower

Gold jumped to $1573.17 at about 9:45AM EST before it plummeted back to $1552.29 in the next half hour of trade and then bounced back higher midday, but it still ended with a loss of 0.17%. Silver climbed to $28.213 in London and then fell back to $27.54 in midmorning New York trade before it the bounced back higher midday, but it still ended with a loss of 0.68%.

iShares Silver Trust: 9,643.17 tonnes

iShares Silver Trust: 9,643.17 tonnes

June 21: Gold and Silver Fall Over 2% and 4%

Gold fell to as low as $1564.57 and ended with a loss of 2.5%. Silver slipped to as low as $26.849 and ended with a loss of 4.13%.

Pan American Silver Falls to Levels Below Book Value

In trading on Friday, shares of Pan American Silver Corp. (Toronto: PAA) crossed below their last reported book value — defined as common shareholder equity per share — of $17.83, changing hands as low as $17.70 per share. Pan American Silver Corp. shares are currently trading down about 3.2% on the day.

Silver Market Morning

Gold closed in New York at $1,598.70, up $20. Asia took it up to $1,606 ahead of London’s opening, while the euro stood at €1: $1.2602. The gold Fix was set at $1,608.50 and in the euro €1,278.312. Ahead of New York’s opening, gold stood at $1,609.65 and in the euro, €1,279.23 while the euro was at €1: $1.2583.

July 13: Gold and Silver End Slightly Higher on the Week

Gold rallied to as high as $1596.35 and ended with a gain of 1.04%. Silver rose to $27.509 in London before it slumped back to $27.14 in midmorning New York trade, but it then surged to a new session high of $27.56 and ended with a gain of 0.3%.

July 19: Gold and Silver End Slightly Higher

Gold climbed up to $1591.49 at about 8:30AM EST before it fell back to as low as $1577.15 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to $27.60 before it dropped back to $27.13, but it still ended with a gain of 0.07%.

July 23: Gold and Silver End Modestly Lower

Gold fell to as low as $1563.41 by about 8:45AM EST, but it then rallied back higher throughout the rest of the morning in New York and ended near its noontime high of $1580.30 with a loss of just 0.42%. Silver slumped to as low as $26.671 before it also rallied back higher and ended with a loss of just 1.14%.

COMEX Silver Inventory Update: -1,329,524.330 ounces

COMEX Silver Inventory Update: -1,329,524.330 ounces

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: -287,542.774 ounces

COMEX Silver Inventory Update: -287,542.774 ounces

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

The “Summer Games” Go On

And the “summer games” go on, with TPTB “locking down” Precious Metals with daily caps at the same times, while the “DOW JONES PROPAGANDA AVERAGE” surges at the NYSE open and is NEVER allowed to fall.

Why Is The Future Silver Supply More at Risk than Gold?

The focus of the markets and the alternative media is firmly placed on the continued disintegration of the world financial system. Many believe that the collapse of the fiat monetary system along with the global banking cartel is the worst possible outcome. However, this may actually turn out to be the good news in a sea of bad news that is lurking around the corner.

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Silver: Supply and Demand Part 2, Investment Demand

This educational video looks at how and why people invest in silver. While economic, socio-political and psychological forces play a large part in determining the price of silver, it all comes back to the basic principles of supply and demand.

JP Morgan Silver Manipulation

Silver Chart and Comments

Silver continues to be the poor poster child for the Deflation or Risk Aversion Trade. It's chart is abysmal at this point as it has steadily retreated since peaking near $50 in what seems a lifetime ago. About the only positive thing that can be said about it is that is had not been below the $26 level for some time now. That level still seems to be bringing in buyers.

Silver Grumps

Attention, Class: Silver and gold are static assets. They are constants. They don't actually move much. What happens is that the metrics by which we measure Silver and Gold jump around like horny ticks on a hot dog. It is the fraud of the 20th and 21st Centuries.

South American Silver Responds Strongly To Bolivian Government Statements

South American Silver Corp. (SAC.TO)(SOHAF) today expressed extreme disappointment in statements made this evening by the Bolivian government that it intends to nationalize the company's development stage Malku Khota silver-indium-gallium project.

Bolivia to consider nationalizing embattled silver project

Bolivia will consider nationalizing Canadian miner South American Silver Corp's silver property, President Evo Morales said on Sunday, following violent indigenous protests against the mining project. Leftist Morales, who last month took control of global commodities giant Glencore's tin and zinc mine in the Andean country, said he hadn't taken a final decision on whether to revoke the Canadian miner's concession.

August 3: Gold and Silver End Mixed on the Week

Gold climbed $11.03 to $1599.73 by a little after 8AM EST before it dropped back to $1586.90 immediately after the jobs report was released, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.89%. Silver slumped down to $27.066 in early New York trade, but it then surged to as high as $27.883 and ended with a gain of 2.4%.

Silver is for Champions

The thoughts of millions of ice hockey fans turned to silver this week – more specifically, to the nearly 35 pounds of silver in the National Hockey League’s Stanley Cup, the century-old championship symbol of professional hockey. The Los Angeles Kings ultimately lifted high the iconic trophy made of sterling silver.

Is the Silver’s Move Above Its 50-day Moving Average a Bona Fide Buy Signal?

Summing up, there are virtually no positive signs for the white metal in this week’s chart except for the move above the 50-day moving average. This move was not accompanied by analogous breakouts in gold nor mining stocks, so we don’t view it as overly important. The silver-to-gold ratio indicates further weakness ahead.

Maintain The Status Quo

The name of the game is the “maintain the status quo” – first until the Europeans return from August vacations, and second in front of the U.S. elections. Today’s “retail sales” fiasco – following perhaps 20 HORRIBLE, GLOBAL economic reports, was no different than last month’s NFP Employment Report, when unprecedented “seasonal adjustments” turned what should have been a BIG decline into a big increase.

Bill Murphy Comments On Today's Market Action

It's go into the bunker time as markets are in sell everything mode. It is a sad day when King Dollar reigns. Our politicians can't even deal with cutting the rate of our debt increases, much less really address our mounting fiscal problems.

Charts: Silver Price, Silver Stocks Reverse from Lows

The silver price has made a strong reversal from big technical supports around $27. Silver stocks have also moved off their early morning lows, crossing into positive terriroty mid-day and gaining steadily into the close:

Silver Market Update

Silver investors and speculators are amongst the manic-depressive you can possibly find in the investment world. When they are playing maximum credits on the slots and passing round boxes of cuban cigars and taking out massive loans to buy Ferraris and Lambos you know it's time to watch out. When they retreat into the shadows, only coming out to hurl themselves off bridges and other tall structures, mumbling about the "cartel" as they plummet earthwards, you know it's getting time to buy - and that is the situation we now find ourselves in. In this update we are going to examine evidence which suggests that, despite the fragile looking price pattern, silver is going to turn surprisingly strong in short order, or alternatively, if it does break down, it turns out to be a false move that is swiftly followed by a dramatic recovery.

July 25: Gold and Silver Gain Over 1%

Gold climbed steadily higher throughout most of trade in London and New York and ended near its late session high of $1610.10 with a gain of 1.4%. Silver surged to as high as $27.559 and ended with a gain of 1.3%.

Sprott mum after Hecla offers cash for U.S. Silver in hostile bid

The head of Sprott Asset Management, Eric Sprott, was keeping his cards close to his chest after Hecla Mining made a hostile C$111-million cash offer to buy U.S. Silver that would derail a Sprott-backed plan to merge U.S. Silver with RX Gold & Silver.

COMEX Silver Inventory Update: -996,615.750 ounces

COMEX Silver Inventory Update: -996,615.750 ounces