• Gold: 1,301.33 1.22
  • Silver: 16.47 -0.02
  • Euro: 1.165 -0.001
  • USDX: 94.188 0.279
  • Oil: 67.69 -3.01

May 25: Gold and Silver Find Slight Gains on the Week

7 hours 28 min ago

Gold chopped up to $1307.80 at about 9AM EST before it drifted back lower into the close, but it ended with a loss of just 0.31%. Silver slipped to as low as $16.489 and ended with a loss of 0.36%.

JP Morgan Silver Manipulation

March 6: Gold and Silver Fall With Stocks Again

Gold fell $9.50 to $1224.90 in early afternoon New York trade before it rebounded slightly, but it still ended with a loss of 0.68%. Silver slipped to as low as $17.703 and ended with a loss of 0.89%.

March 7: Gold and Silver Fall With Stocks Once More

Gold held near unchanged in Asia, but it then fell back off in London and New York and ended near its late session low of $1214.20 with a loss of 0.83%. Silver slipped to as low as $17.468 and ended with a loss of 1.63%.

March 8: Gold and Silver Fall As Dollar Tops 102

Gold fell $9 to $1206.80 in early New York trade before it chopped back higher into the close, but it still ended with a loss of 0.58%. Silver slipped to as low as $17.213 and ended with a loss of 1.37%.

March 10: Gold and Silver Fall About 2% and 5% on the Week

Gold fell $6.90 to $1195.00 in Asia before it jumped up to $1206.30 at about 9AM EST and then drifted back below $1200 in the next few hours of trade, but it then rallied back higher into the close and ended with a gain of 0.21%. Silver rose to as high as $17.079 and ended with a gain of 0.41%.

March 13: Gold and Silver End Near Unchanged As Markets Await Fed

Gold gained $6.60 to $1211.00 in Asia before it dropped back to $1202.50 in midmorning New York trade, but it then chopped back higher at times and ended with a gain of 0.02%. Silver rose to as high as $17.143 before it dropped back to $16.951 and then also bounced back higher, but it still ended with a loss of 0.41%.

March 14: Gold and Silver End Lower Before Fed Day

Gold fell $4 to $1200.60 in Asia before it bounced back to $1207.60 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.49%. Silver slipped to as low as $16.866 and ended with a loss of 0.53%.

March 15: Gold and Silver Gain Almost 2% And 3% After Dovish Fed

Gold gained $6.50 to $1205.20 in Asia before it fell back under unchanged at $1197.80 just after 10AM EST, but it then shot to as high as $1220.60 in the last minutes of trade and ended with a gain of 1.78%. Silver jumped to as high as $17.35 and ended with a gain of 2.55%.

March 16: Gold and Silver Gain Again

Gold gained $8.80 to $1228.80 in Asia before it dropped back to $1223.40 in London, but it then climbed to a new session high of $1233.40 in New York and ended with a gain of 0.52%. Silver rose to as high as $17.551 before it fell back to $17.244 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.06%.

March 17: Gold and Silver Gain 2% on the Week

Gold chopped up to $1231.50 at about 10AM EST before it drifted back lower at times, but it still ended with a gain of 0.2%. Silver rose to as high as $17.412 and ended with a gain of 0.35%.

March 21: Gold and Silver Gain While Stocks Drop Over 1%

Gold fell $7.80 to $1226.80 in Asia, but it then jumped to as high as $1247.60 in New York and ended with a gain of 0.81%. Silver surged to as high as $17.592 and ended with a gain of 0.57%.

March 22: Gold and Silver Gain Again

Gold gained $4.40 to $1249.00 in Asia before it fell back to unchanged at $1244.60 in London, but it then jumped to as high as $1251.30 in New York and ended with a gain of 0.26%. Silver rose to as high as $17.586 and ended with a gain of 0.06%.

March 23: Gold and Silver End Mixed Before Health Care Vote

Gold gained $5.30 to $1253.10 at about 9AM EST before it fell back to $1242.90 in early afternoon trade and then bounced back higher at times, but it still ended with a loss of 0.13%. Silver rose to as high as $17.68 before it also chopped back lower, but it still ended with a gain of 0.29%.

March 24: Gold and Silver Gain Roughly 2% on the Week

Gold fell $5.20 to $1241.00 in Asia, but it then chopped back higher for most of the rest of trade and ended near its late session high of $1251.80 with a gain of 0.14%. Silver rose to as high as $17.776 and ended with a gain of 0.91%.

March 27: Gold Gains and Silver Rises 2%

Gold gained $13.10 to $1261.00 in midmorning New York trade before it chopped back to $1252.80 in the next couple of hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.59%. Silver surged to as high as $18.126 and ended with a gain of 2.03%.

March 30: Gold and Silver Edge Lower While Stocks Climb With Dollar

Gold drifted lower throughout most of word trade and ended near its late session low of $1243.20 with a loss of 0.68%. Silver dropped down to $18.053 at about 9AM EST before it bounced back to $18.281 in late morning trade, but it then fell back off into the close and ended with a loss of 0.55%.

Silver Standard Exercises Option to Form Joint Venture With Golden Arrow for the Chinchillas-Pirquitas Project

"This is a landmark achievement for our Company," stated Joseph Grosso, Executive Chairman, President and CEO of Golden Arrow. "As Golden Arrow transitions an exploration discovery into a mining operation, our shareholders stand to benefit from this profile and strengthened financial position."

Golden Arrow Announces Positive Pre-Feasibility Study for the Chinchillas Project Joint Venture With Silver Standard

Golden Arrow Resources Corporation (TSX VENTURE:GRG) (GAC.F) (GARWF) (WKN:A0B6XQ) ("Golden Arrow" or the "Company") is pleased to announce the results of a pre-feasibility study of the Chinchillas project ("Chinchillas" or the "project") located in the Jujuy Province, Argentina for the joint-venture development of the project with Silver Standard Resources Inc. (SSRI) (SSO.TO) ("Silver Standard") pursuant to the Business Combination Agreement between the parties dated September 30, 2015, as outlined in the Company's news release dated March 31, 2017.

March 31: Gold Holds Near Unchanged While Silver Rises Almost 3% on the Week

Gold fell $4.20 to $1240.30 at about 8:45AM EST, but it then jumped up to $1250.50 in early afternoon trade and ended with a gain of 0.22%. Silver rose to as high as $18.259 and ended with a gain of 0.5%.

April 3: Gold and Silver Gain While Stocks Fall

Gold fell $2.60 to $1244.70 in London, but it then climbed to as high as $1253.60 in New York and ended with a gain of 0.47%. Silver rose to as high as $18.258 and ended with a gain of 0.05%.

April 4: Gold and Silver Gain Again

Gold gained $8 to $1261.20 by a little after 8AM EST before it dropped down to $1254.10 by midmorning, but it then bounced back higher into the close and ended with a gain of 0.25%. Silver rose to as high as $18.409 and ended with a gain of 0.49%.

April 5: Gold and Silver Reverse Early Losses To End Barely Lower After Cautious Fed Minutes

Gold edged up to $1257.20 in Asia before it dropped back to $1243.90 in midmorning New York trade, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver slipped to as low $18.143 and ended with a loss of just 0.05%.

Silver Market Morning: April 6 2017 - Gold still consolidating on support!

In Europe, Mario Draghi cautiously implied that the fear of inflation has passed and while risks remain to the downside he was more confident that growth across the E.U. economy is becoming positive. To us there are so many continuing risks in Europe that one needs to continue to question the future of the E.U. economy. What we did find somewhat disturbing in what he said, was that the more positive shape of the economy was due to two factors, monetary policy and the oil price fall.

April 6: Gold and Silver Edge Lower Before Jobs Data Tomorrow

Gold chopped down to $1250.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.35%. Silver slipped to as low as $18.162 and ended with a loss of 0.38%.

April 7: Gold and Silver End Near Unchanged on the Week

Gold gained $18.60 to $1270.30 in early New York and before it fell all of the way back to $1251.40 by midafternoon, but then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $18.459 before it dropped back to $17.872 and then also rallied back higher in late trade, but it still ended with a loss of 1.32%.

April 10: Gold and Silver Reverse Early Losses To End Near Unchanged

Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.

Golden Arrow Establishes Targets at Antofalla Silver-Gold-Base Metal Project and Plans Exploration Program at Pescado Gold Project

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF)(WKN:A0B6XQ), ("Golden Arrow" or the "Company") is pleased to report that the soil sampling and surface IP/Resistivity surveys at the Antofalla silver-gold-base metal project in Catamarca Province, Argentina ("Antofalla" or "the Project) have successfully delineated significant targets. The first part of the US$2 million exploration program at Antofalla is now complete, and the budgeted 3000 metre drill program is planned to commence in the fourth quarter of the year. In the interim, the field team will be commencing exploration at the Pescado Gold Project in San Juan province. Details of the program for Pescado will be announced shortly.

July 11: Gold and Silver Gain Again

Gold saw slight losses in Asia and London and dropped to as low as $1208.30 in late morning New York trade, but it then jumped to as high as $1217.40 in midafternoon action and ended with a gain of 0.19%. Silver rose to as high as $15.85 and ended with a gain of 1.15%.

Silver Market Morning: July 12 2017 - Gold and silver have confirmed the bottom is in!

The gold price has confirmed the bottom is in and it rose to $1,219 this morning in London. The support at the $1,200 level is very large. But you will note that in the euro, it has barely moved. We see the weakening dollar playing a strong role in the dollar gold price going forward. This means that we must gauge the gold price by looking at it in different currencies as well as the dollar.

Putting the Latest Silver Crash Under a Lens

On Thursday, July 6, in the late afternoon (as reckoned in Arizona), the price of silver crashed. The move was very brief, but very intense. The price hit a low under $14.40 before recovering to around $15.80 which is about 20 cents lower than where it started. Buyers of silver are rejoicing. They can now get more money (silver, like gold, is money) in exchange for their dollars than before. However, as we see from the reactions in the community, there were few buyers.

Abraplata Reaches Agreement to Preserve Title to the Diablillos Ag-Au PROJECT in Argentina

AbraPlata Resource Corp. TSX.V:ABRA ("AbraPlata" or the "Company") (TSX-V: ABRA) (Frankfurt:1AH) (OTCQB:ABBRF) is pleased to announce that it has reached an agreement to acquire certain third party mineral rights that, as a result of a long-standing border dispute between two neighbouring provinces in northwestern Argentina, overlap, and potentially conflict with, the Company's mineral rights to its Diablillos Ag-Au project (see Figure 1 attached). The acquisition of the potentially conflicting mineral rights will allow the Company to retain its title to the Diablillos Ag-Au project regardless of the ultimate outcome of the provincial border dispute.

July 12: Gold and Silver Gain For The Third Day In A Row

Gold edged above $1220 in Asia and fell back to $1214.20 by a little after 8AM EST before it popped up to $1225.40 in the next hour of trade and then drifted back lower at times, but it still ended with a gain of 0.32%. Silver rose to as high as $16.023 ended with a gain of 0.51%.

Silver Market Morning: July 13 2017 - Gold and silver are rebounding!

Janet Yellen’s comments yesterday made it clear that the Fed wants a ‘neutral’ interest rate, neither higher than inflation nor lower. At the moment it is lower, but with inflation falling in the U.S. the Fed may well delay another rate hike beyond year’s end because they may see ‘neutral’ rates without raising rates again this year. This has softened the dollar, which at one point nearly touched the point at which the dollar falls into a ‘bear’ market. We see that as coming very soon. It will benefit the dollar gold price.

How silver could bounce back after a ‘bearish 2017’

“Now that we have fallen below $16, we are back in what I believe is an extremely attractive accumulation zone,” Peter Spina, president and chief executive officer of GoldSeek.com, told MarketWatch. He said prospects for silver are “looking significantly stronger” in the second half of the year.

July 13: Gold and Silver Edge Lower

Gold edged up to $1224.40 in Asia before it fell back to $1216.70 in midmorning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.17%. Silver slipped to as low as $15.695 and ended with a loss of 1.19%.

National Debt Too High, Silver Price Too Low

Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $3 billion. Since then it has risen 8% to 9% every year to reach $20 trillion or $20,000 billion. Debt will continue rising as long as politicians spend and bankers lend. Proof: Name the Senators, Representatives, Presidents, military contractors, pharmaceutical companies, and Medicare recipients who wish to see the government reduce expenses.

July 14: Gold and Silver Gain Over 1% and 2% on the Week

Gold dipped to $1215.00 in Asia, but it then shot to as high as $1232.60 in early New York trade and ended with a gain of 0.84%. Silver rose to as high as $16.081 and ended with a gain of 1.4%.

Silver Market Morning: July 17 2017 - Gold and silver markets are seeing a changed mood for the better!

Janet Yellen’s comments Friday were followed by the publication of the latest CPI numbers which showed that the belief that the poor data, issued on Friday, which led the Fed to say it was a temporary setback, looks like turning out to be more permanent. With this in mind and indeed if this proves to be so, we may not see another rate hike in 2017. Equity markets have not yet discounted this, but it is being reflected in the dollar’s exchange rate. Once it is factored in, we expect more ‘bubble’ rises in U.S. equities [albeit against better earnings results from the corporate sector] as the prospect of better yields in these markets, for much longer, attracts funds.

July 17: Gold and Silver Add Onto Recent Gains

Gold gained $7.50 to $1235.90 $16.196 by a little after 10AM EST before it chopped back lower at times, but it still ended with a gain of 0.46%. Silver rose to as high as $16.196 and ended with a gain of 1.07%.

Silver Market Morning: July 18 2017 - Gold and silver markets continue to climb!

New York closed $2 lower than Shanghai’s close yesterday, with London opening today at a discount to Shanghai’s trading today of $7.10, the same discount to Shanghai we saw yesterday. But London is being pulled up by Shanghai. Shanghai in turn was pulling back today from its high as the Yuan strengthened, bringing Shanghai’s gold price to the same differential as it had yesterday.

July 18: Gold and Silver Rise A Third Day

Gold gained $10.40 to $1244.40 in midafternoon New York trade before it edged back lower in the last hour of trade, but it still ended with a gain of 0.66%. Silver rose to as high as $16.31 and ended with a gain of 0.93%.

Silver Market Morning: July 19 2017 - Gold and silver markets continue to climb but the pace may slow!

New York closed $2.78 lower than Shanghai’s close yesterday, with London opening today at a discount to Shanghai’s trading today of $8.22, a slightly widening discount to Shanghai. But London is being pulled up by Shanghai. Chinese demand is sufficient to lift prices there, despite the slower rise in the gold price in London. This bodes well for more rises in London and New York.

July 19: Gold and Silver End Mixed

Gold fell $5.10 to $1237.00 in Asia before it climbed back to $1243.80 in midmorning New York trade and then chopped back lower at times, but it ended with a loss of just 0.04%. Silver slipped to $16.166 before it jumped back to $16.359 and then also fell back off, but it still ended with a gain of 0.12%.

July 20: Gold and Silver Edge Higher

Gold fell $6.30 to $1235.30 in London before it climbed back to $1242.00 by a little after 9AM EST and then dropped back to $1237.60 in the next hour of trade, but it then jumped to a new session high of $1247.50 in late morning action and ended with a gain of 0.17%. Silver rose to as high as $16.414 and ended with a gain of 0.06%.

Golden Arrow Chairman's Update on Corporate Plans

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(WKN:A0B6XQ)(GARWF) ("Golden Arrow" or the "Company") - Subsequent to the formation of the joint venture with Silver Standard Resources Inc. (SSO.TO)(SSRI) ("Silver Standard"), which was announced on May 31, 2017, the joint venture, named Puna Operations Inc. ("POI"), has been formed to hold both the Chinchillas project and the Pirquitas project, which consists of the San Miguel open pit mine which ceased mining operations in January 2017 (the "Pirquitas Pit"), and the associated mineral processing facilities and tailings facility (the "Pirquitas Operation") in Argentina.

Silver Market Morning: July 21 2017 - Gold and silver markets continue to climb stronger than we expected!

New York closed only $0.80 lower than Shanghai yesterday and has been trying to follow Shanghai all the way up, with London opening today at a discount to Shanghai’s trading today of $5.06 an narrower discount than we have seen this week. Both London and New York are being pulled up by Shanghai. With this strong Chinese demand the chances of both London and New York breaking through $1,250 are greatly increased.

July 21: Gold and Silver Gain Over 2% and 3% on the Week

Gold rose throughout most of world trade and ended near its midafternoon high of $1255.70 with a gain of 0.85%. Silver rose to as high as $16.522 and ended with a gain of 1.1%.

5 Things I Look for in Exploration Companies

There is a decent number of executives in the junior industry that were part of or led a company to an acquisition. If they have done it before then they know what needs to be done in order to do it again. If management has not been involved in a transaction, check to see if they have discovered a deposit or expanded a resource through drilling. Also, seek out the executives that had ample experience at a major company.

Silver Morning: July-24-2017

This is a structural change in the global gold market and allows a considerably greater influence of the physical gold market [primarily Shanghai] to impact the gold price and diminish the impact of the ‘paper gold markets of COMEX and the ‘paper’ side of the London gold market, across the world. We have highlighted in the Gold Forecaster newsletter of ours that while 90+% of gold-linked transactions go through London and COMEX over 90% of physical gold transactions go through Shanghai. With the impact of the arbitrageurs bringing global gold prices together, we will see, at last, the fundamentals of demand and supply impact the price.

Zinc One Enters into Surface Access Agreement with Comunidad Campesina de Yambrasbamba on the Bongará Zinc-Oxide Project and Announces Results of AGM

“Reaching an agreement with the Yambrasbamba community is a major milestone for Zinc One and the Bongará Zinc-Oxide Mine Project. The Yambrasbamba community has previously seen the full gamut of mining – from exploration to construction to operations to remediation – which is extremely rare. They are very knowledgeable and not only understand the economic opportunities it will afford the CCY stakeholders, but have seen the overall minimal impact of mining and the benefits of remediation. We are grateful to have such a supportive community and, if the project moves ahead as we expect, then we see the building of the Bongará Zinc Oxide Mine Project as a win for the community, government and company shareholders,” commented James Walchuck, CEO of Zinc One.

Silver Morning: July-25-2017

In addition Chinese demand and the new London based LME precious arbitrage market with Hong Kong is letting London feel Chinese demand directly, in addition to the big banks in China doing the same in London. So we are watching to see where the gold price will go today.