• Gold: 1,266.70 -0.44
  • Silver: 17.31 -0.01
  • Euro: 1.118 0.001
  • USDX: 97.442 0.127
  • Oil: 49.86 1.1

May 26: Gold and Silver Gain Almost 1% and 3% on the Week

19 hours 44 min ago

Gold climbed higher throughout most of world trade and ended near its late session high of $1269.50 with a gain of 0.87%. Silver rose to as high as $17.379 and ended with a gain of 0.93%.

November 25: Gold and Silver Fall About 2% and 1% on the Week

Gold dropped $17.16 to $1171.44 at the open of trade in Asia before it bounced back to $1193.03 by a little before 4AM EST, but it then drifted back lower in New York and ended with a loss of 0.61%. Silver slipped to $16.182 before it rallied to as high as $16.582 and then also fell back off, but it still ended with a gain of 0.8%.

Silver Market Morning: Nov-25-2016 -- Gold and Silver looking for a bottom!

We have pointed out to readers that there are two types of gold investors across the world. Those who use the gold price to try to make [currency] profits, which are then converted into one or another currency, see profit as the goal. Pork bellies would serve just as well if profits were better in that market. With Fund managers being made accountable on a month to month basis institution are measured on their profit making abilities. Markets are structured so that one can deal in a milli-second or in the future. The media is structured to have a similar profit-oriented way of reporting.

Silver Market Morning: Nov-24-2016 -- Gold and Silver break down through support!

Gold prices in Shanghai are $18 higher than New York’s close and $22 higher than London’s opening [allowing for the difference in the quality of gold priced in the different markets]. This demonstrates just how strong demand in China really is. What has to be seen in a physical gold market is the direct impact on the gold price physical demand and supply has. In a COMEX type market prices are much more volatile and easily moved by algorithm trading, just because no physical metal is involved. Inevitably physical gold will move to the market paying the most.

November 23: Gold and Silver Fall Almost 2%

Gold fell $29.82 to $1182.18 in late morning New York trade before it bounced back higher into the close, but it still ended with a loss of 1.93%. Silver slipped to as low as $16.18 and ended with a loss of 1.86%.

Silver Market Morning: Nov-23-2016 -- Gold and Silver consolidating at a bottom!

We are aware that central banks do not like to affect the gold price when buying and we are also aware that they are not keen to be predictable in their purchases. What is a practical ploy in buying is to not go to the market but to let the market come to them and just ‘accept the offer’ of gold from dealers when they are heavy with holdings. This does not affect the price but does remove available gold stocks from the market.

Louis Cammarosano: Interconnectedness of Silver Eagles and India’s War on Cash

American Silver Eagle sales have been suspended for the year according to the Authorized Purchasers of U.S. Mint products. Once again, as we have seen in the past, the U.S. Mint makes a dramatic change without warning. Where else have we recently seen a very dramatic change in policy without warning? India announced, without warning, the ban of the most widely used bank notes in the country – without warning. While these are very different scenarios they demonstrate the absolute control governments around the world hold over our money and our currency. Silver, while tatted as an industrial metal, has been money longer than any other form of money on planet earth. Silver was money long before gold was accepted and circulated as money.

November 22: Gold and Silver End Mixed While Stocks Climb Higher

Gold gained $8.46 to $1220.86 in early Asian trade before it fell all of the way back to $1206.44 in late morning New York trade and then bounced back higher into midday, but it still ended with a loss of 0.03%. Silver rose to as high as $16.886 and ended with a gain of 0.42%.

Silver Market Morning: Nov-22-2016 -- Gold and Silver finding a bottom!

The dollar is lower again, bouncing off the 101 dollar index area there. The dollar is the driver of U.S. prices allowing gold prices in other currencies to rise. While heavy selling continues from the gold ETFs in the U.S. New York will pull prices down. With London being the hub of the developed world’s physical gold market it will pull prices higher as the Chinese banks, via a typically structured ‘swap’ transaction, will arbitrage gold between Shanghai and London, where profitable.

November 21: Gold and Silver Gain With Stocks and Oil

Gold gained $9.25 to $1217.55 in London before it chopped back lower in New York, but it still ended with a gain of 0.34%. Silver rose to as high as $16.746 and ended with a gain of 0.06%.

Silver Market Morning: Nov-21-2016 -- Gold and Silver bounce start to bounce off support!

Once again, allowing for the difference in the quality of gold priced in the different markets, Shanghai gold prices Fixed gold prices in the morning and the afternoon much higher that New York’s close in the ‘20s not below ‘10 pushing for pricing dominance once more. The dollar is lower and stable at the beginning of this week, but may well try to rise again. Once again it is the dollar’s strength that is making global market prices in currencies and precious metals alongside selling action in the gold ETFs.

November 18: Gold and Silver Fall About 2% and 4% on the Week

Gold fell $14.50 to $1203.90 in Asia before it bounced back to $1215.82 in London, but it then drifted back lower in New York and ended with a loss of 0.83%. Silver slipped to as low as $16.44 and ended with a loss of 0.72%.

Market Report: Bond rout undermines PMs

Gold and silver prices moved lower this week, while bond yields around the world rose sharply. There can be little doubt now that the bond bubble is deflating, inflicting enormous strains on portfolios, banks and even central banks which have initiated QE programmes. The gold price fell from $1228 at last Friday’s close to $1205 in early European trade this morning. On the same time-scale, silver fell from $17.37 to $16.61.

November 17: Gold and Silver Fall Again

Gold gained $6.17 to $1231.07 in London, but it then fell to as low as $1211.71 in late New York trade and ended with a loss of 0.53%. Silver slipped to as low as $16.587 and ended with a loss of 1.47%.

Silver Market Morning: Nov-17-2016 -- Gold And Silver Consolidating!

At the moment, in New York, sellers are present but in small numbers compared to the earlier part of the week. Buying continues in Shanghai and as we see in prices in London too. But just before the opening of New York, London moved into line with New York’s close, leaving it trying to match both gold markets. The dollar is calming down and correcting after days of surging against other currencies, but remains over the 100 level on the dollar index. We expect post-Trump turbulence to begin calming in the short term.

November 16: Gold and Silver Edge Lower With Oil

Gold edged up to $1232.77 in Asia before it fell back to $1221.67 in London and then chopped back higher at times, but it still ended with a loss of 0.25%. Silver slipped to as low as $16.871 and ended with a loss of 0.7%.

November 15: Gold and Silver Gain About 1%

Gold gained $13.21 to $1231.41 in Asia before it fell back to $1219.61 at about 9AM EST, but it then bounced back higher into midday and ended with a gain of 0.8%. Silver rose to as high as $17.133 and ended with a gain of 1.31%.

Silver and the Train Wreck

Silver and gold prices erratically increase along with debt. Given that silver prices are near the low end of their 20 year “megaphone” pattern, expect much higher silver prices. Further, the cost of production is increasing rapidly and the ore quality is declining. Expect prices to increase based on limited supply. Given the precariousness of the central bankers’ fiat currency Ponzi Schemes and the coming realizations about the intrinsic value of paper investments and debt instruments, silver and gold prices should move much higher in the next five years due to heavy demand.

Silver Market Morning: Nov-15-2016 -- Gold and silver looking for a bottom, but volatility to continue!

When a market is as exuberant as we see currency, gold and silver markets at present, prices always fall too far or rise too high. We have seen that beautifully demonstrated in the last week. With China now taking gold higher we are looking to see just who follows who in the global gold markets. While a market then settles down, volatility rules prices. We expect that to continue, both ways.

November 14: Gold and Silver Fall As Dollar Tops 100

Gold traded mixed in Asia before it fell to see a $16.15 loss at $1211.55 in midmorning New York trade and then rallied back higher into midday, but it still ended with a loss of 0.77%. Silver slipped to as low as $16.679 before it also bounced back higher, but it still ended with a loss of 2.97%.

SilverCrest Announces New Discovery at Las Chispas; Varela Veins with Multiple Results of Greater Than 1,400 gpt AgEq

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce an update on the underground rehabilitation program at its Las Chispas Property ("Las Chispas") located in Sonora, Mexico. SilverCrest's initial focus was on the Las Chispas, William Tell and Babicanora veins. Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine. This mine has two near-parallel veins that are approximately 300 metres west of the William Tell Vein.

Silver Market Morning: Nov-14-2016 -- Gold and silver volatility to continue!

With the gold price and now the silver price continuing to fall today [well over $100 on the week] because of heavy sales from the gold ETFs many are, we feel, misreading the consequences of Trump’s impact on the economy regarding gold. With 30-year Treasuries falling in price leaving yields at 3% the dollar continues to surge as carry trades are unwound. We see these moves as part of the initial exuberance after the election. But the question is, “Just how far will this exuberance go?”

November 11: Gold and Silver Fall Almost 6% on the Week

Gold gained $7.95 to $1264.75 in Asia before it fell back to $1221.12 in early afternoon New York trade and then bounced back higher into the close, but it still ended with a loss of 2.32%. Silver slipped to as low as $17.199 and ended with a loss of 6.32%.

Market Report: Trumped!

By early European trade this morning (Friday) gold ended sharply lower on the week at $1255, down from $1304 at last Friday’s close. It appears this weakness is driven by futures markets, since physical spot gold and silver are in backwardation out to December’s delivery. The tightness in physicals is reflected in silver, which rose from $18.42 to $18.61 on the week by last night’s close (Thursday). Gold futures contracts exchanged-for-physical on Comex jumped on Wednesday and Thursday to 45,000 contracts (4.5 million ounces) which is exceptional, and consistent with physical shortages in the market.

Silver Market Morning: Nov-11-2016 -- Gold – more volatility to come. Silver - stable!

Volatility has not finished by a long way! First we saw a Trump Hump, then a Trump Dump! There is nothing yet to establish tomorrow’s realities. Hopes and expectations are all we have to go on. While, the re-building of the U.S.’ infrastructure is on the cards [with a major cut in Company tax, together with a small 10% tax on repatriated funds from overseas, paid for with debt] we have no doubt that deflation will halt and inflation take its place. But this process will take from two to three years before we see action on the ground.

November 10: Gold Falls While Silver Climbs With Copper

Gold gained $17.19 to $1291.69 in Asia, but it then fell back off in London and New York and ended with a loss of 1.39%. Silver rose to as high as $18.963 before it dropped back to $18.418 in midmorning New York trade, but it then bounced back higher into midday and ended with a gain of 0.65%.

Wrapping Up July Comex Silver Deliveries

Again, I can't overstate how unusual this is and how different it is from the norm. In a "normal" month where total deliveries came in at 85%, we would have seen about 2,300 total deliveries. Instead, we saw 3,637. Therefore, we're left to conclude that and additional 1,300 contracts were demanded for immediate delivery in July. This means that someone or something funded their account with 100% margin, jumped the "queue" and demanded immediate delivery of 6,500,000 ounces of silver. At prices ranging around $15/ounce, that's nearly $100,000,000.

The Silver Manipulation Con Continues at the Highest Levels of Government

The US Mint is not a very good liar. They are manipulating their sales data to stifle silver investor sentiment. My fight with the US Mint goes back 7 years. I wrote them in June 2008 to point out that stopping production of the US Silver Eagles was AGAINST THE LAW because the law required them to produce SAE's "in quantities sufficient to meet public demand." Since that time, and through my continual pestering over the years, they CHANGED THE LAW to make the US Treasury Secretary the one who decides if the coins are being produced to meet demand and only he has the power to stop or limit production.

Investment Silver Demand Draining COMEX Vaults

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.

Leaving the Information Grid

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Silver and Gold: The Triumph of Experience over Hope

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

The EPA's Polluted River

The U.S. Environmental Protection Agency's massive spill of arsenic-laden contaminants into Colorado's Animas River (literally, from the Spanish, River of Souls) a week ago has all the makings of a slow-speed softball pitched at this relentless critic of EPA's hubris, bullying and unscientific bullshite.

Desolation Row: the Silver Market

Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now. The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.

Silver Cycle Low - Now

The price of silver has been crushed during the last four years. Prices are ready to reverse. We will know soon enough after the High-Frequency-Traders have their way with prices for paper silver and gold on the CME.

China chooses her weapons

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

August 21: Gold Gains Almost 4% on the Week While Stocks Drop Roughly 6%

Gold gained $15.42 to $1167.42 in Asia before it fell all the way back to $1149.00 in London, but it then rose to as high as $1161.67 in New York and ended with a gain of 0.64%. Silver slipped to as low as $15.14 and ended with a loss of 1.29%.

Silver And The Petrodollar

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.

Gold and Silver: Heading for a “Blue Screen of Death” Event?

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.

The Risky Investment that Could Make You Millions in the Next Financial Crisis

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money.

Yes, Gold is a Barbarous Relic...SO SWAP IT ALL FOR SILVER!

I know that you have a few gold coins in your safe. I know you think it's good for your diversification but NOW is the time to think differently. Now is not the time for diversification. Now is the time to SAVE your wealth and gold doubling or tripling over the next few years is NOT going to save you.

Silver Market Morning

On Friday New York closed at $1,134.40 up $10.30. The dollar was stronger at $1.1335 at the close up from $1.1496, against the euro, with the dollar Index stronger at 96.07 up from Friday’s 95.19. Because of the Bank Holiday in the U.K. no LBMA gold price was set today. Ahead of New York’s opening, gold was trading at $1,132.80 and in the euro at €1,010.80.

The danger of eliminating cash

In the early days of central banking, one primary objective of the new system was to take ownership of the public's gold, so that in a crisis the public would be unable to withdraw it.

Silver and S.M.S.

Silver prices have been crushed for over 4 years, especially in the paper futures markets. The predictable result has been reduced interest in real money – silver and gold. The media is more focused on Donald Trump, Caitlyn Jenner, and Hillary’s emails – not the reality of exponentially increasing debt, out-of-control spending, failed economic policies, and expensive wars.

You think premiums are big now???

Premiums on silver over the past weeks have exploded! Generally speaking, 10-25%+ seems to be the norm and anywhere from two - six weeks delay for delivery. We have talked about the dichotomy between silver being panic "sold" and "shortages" occurring simultaneously. In a free market, this is an impossibility.

Silver Market Morning

On Friday New York closed at $1,122.10 down $3.30. The dollar was weaker at $1.1162 down from $1.1142 at the close, against the euro, with the dollar Index slightly weaker at 96.28 down from 96.34. The LBMA gold price was set at $1,121.00 down $4.00 from Friday. The euro equivalent was €1,004.21 down €5.80. At 12.00 hrs London time, gold was trading at $1,121.00 and in the euro at €1,005.52.

Silver and Deflation

How does silver perform during deflation? Which is better during a deflation – silver or gold? The answers will depend on quite a few things as well as what definition of deflation one uses.

The Massive Debt Bubble Will Push Silver Prices Much Higher

Silver had a spectacular rise in price from about August 2010 to April 2011. In fact, it was so impressive that some thought the peak was the end of the bull market for silver. After all, silver had risen about 12.33 times from its bottom in 2001.

Why Silver Premiums Are so High Right Now and How One Might Take Advantage of It?

In this article, I will explain first how and why silver bullion premiums have aggressively increased since the middle of summer 2015 AND how and what I am doing to take advantage of the current premiums via a bullion form sell and buy arbitrage.

Silver: Victim of Motive, Means, and Opportunity

Silver gets little respect, but that is sensible in a world dominated by paper assets and pretend values. Similar to a murder investigation, let’s examine the motive, means and opportunity used to “manage” silver prices.

Silver Market Morning: Sept-29-2015

What we are seeing now is a set of global markets fearful of a breakdown in prices. As prices fall, not just in commodities, but equity markets, we become very aware of the massive levels of debt that is sitting in the hands of individuals, corporates, governments’ et al. Because of this we see occasional collapses of value as this becomes recognized. Glencore, the mining giant and broker has seen its share prices buckle in Australia today. With debt twice the level of its market capitalization, their situation well expresses the fears sensitizing the markets at all levels. The commodities sector does not look as though it is going to recover for a very long time. This includes U.S. oil companies trying to persuade their regulators that their debt levels are sustainable as oil prices could fall further.

Silver-coin shortage shows bright side of precious metal collapse

The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand.

Gold's Little Brother Is Talking

Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold.

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -1,063,729.540 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

COMEX Silver Inventory Update: -948,613.090 ounces

Silver Price Projection – for 2013

An objective and reasonable estimate for the price of silver at the next intermediate peak (estimating 2013 – Quarter 2) is $50 to $60 per ounce (current price is about $28). This is not a prediction based on wishful thinking and hope, but a best estimate based on rational analysis of data stretching back to 1975.

COMEX Silver Inventory Update: +1,534,729.460 ounces

COMEX Silver Inventory Update: +1,534,729.460 ounces