• Gold: 1,346.51 0.71
  • Silver: 16.67 0.01
  • Euro: 1.240 -0.000
  • USDX: 89.1 0.056
  • Oil: 62.39 0.82

February 16: Gold and Silver Gain Over 2% on the Week

3 days 1 hour ago

Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.

New EW Silver Discovery

April 28: Gold and Silver Fall Roughly 1% and 4% on the Week

Gold gained $3.40 to $1268.40 at about 8AM EST before it fell back to $1264.50 in the next 90 minutes of trade, but it then chopped back higher into the close and ended with a gain of 0.27%. Silver edged up to $17.423 before it dropped to $17.165 and then also climbed back higher, but it still ended with a loss of 0.46%.

Golden Arrow Forming Team for Joint Venture

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF) ("Golden Arrow" or the "Company") is pleased to announce that it is establishing a production work committee which will include the very experienced mining engineer Mr. Alf Hills, who will monitor the production procedure to comply with the joint venture agreement conditions, corporate management responsibilities and governance.

May 1: Gold and Silver Fall Almost 1% and 2%

Gold fell $6.70 to $1261.70 in Asia before it jumped back to unchanged at $1268.40 after this morning’s economic data was released, but it then fell to a new session low of $1254.30 in early afternoon New York trade and ended with a loss of 0.88%. Silver slipped to as low as $16.806 and ended with a loss of 1.92%.

Silver Market Morning: May 02 2017 - Gold is consolidating!

Many may think the gold price reflects demand and supply of physical gold. It doesn’t. It primarily reflects marginal supply and demand, speculative activity and the assumptions of the main dealers as to where the market is going. The physical demand and supply of gold is mainly directly contracted between physical buyers and sellers, with the contract price, primarily the London pm price setting, but for a growing number of market professionals the Shanghai gold Fix is being used by both parties to the contract. In other words the trading in physical gold, in the case of around 95%+ of such buyers and sellers, does not influence the gold price.

Golden Arrow Samples 281 g/t Silver, 0.5% Lead over 3.35 metres from New Target at Antofalla Silver-Gold-Base Metal Project

The 8,760 hectare Antofalla project has strong geologic similarities to the Company's flagship Chinchillas silver project, which has a positive pre-feasibility study for development (see news release dated March 31, 2017). Antofalla's 4 kilometre by 5 kilometre volcanic dome complex and alteration zone hosts several areas of known mineralization, but was underexplored by previous operators. Since initiating the program at Antofalla the geological team has undertaken systematic grassroots exploration throughout the property, including mapping, chip and channel sampling, and soil sampling on a 100 metre grid spacing over an area of 6.5 by 3 kilometres.

May 2: Gold and Silver End Barely Lower Before Fed Day

Gold fell $5.20 to $1252.00 by a little after 9AM EST, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.02%. Silver slipped to as low as $16.789 and ended with a loss of 0.36%.

Silver Bullion On Sale After 10.6% Fall In Two Weeks

Precious metals continue to weaken, especially silver which has declined eleven consecutive days and is now down over 10.6%. The sell off is again almost solely a result of futures market participants pushing or manipulating prices lower – depending on your view – despite no bearish silver or wider market developments or news that could be construed as bearish for silver.

May 3: Gold and Silver Fall Over 1% and 2%

Gold dropped $10.70 to $1246.20 at about 10:30AM EST before it bounced back higher around the release of today’s fed announcement, but it then fell back off into the close and ended with a loss of 1.38%. Silver slipped to as low as $16.465 and ended with a loss of 2.14%.

May 4: Gold and Silver Fall Almost 1% More

Gold fell $13.70 to $1225.80 in midmorning New York trade before it bounce back higher at times, but it still ended with a loss of 0.9%. Sliver slipped to as low as $16.228 and ended with a loss of 0.97%.

May 5: Gold and Silver Fall Roughly 3% and 5% on the Week

Gold gained $7.20 to $1235.50 at about 6AM EST before it fell back to $1226.20 in early afternoon New York trade, but it then bounced back higher in the last few hours of the day and ended with a gain of 0.08%. Silver rose to as high as $16.516 before it fell back $16.226, but it then rallied back higher in afternoon trade and ended with a gain of 0.43%.

Silver Market Morning: May 08 2017 - Gold bottoming and consolidating!

The Macron victory implies that the E.U. will hold together in the future and that the euro will not collapse. While Italy remains uncertain on the subject, it is not enough to curb the optimism that pervades markets this morning. What is uncertain is the ability of the President, without a political party behind him, to govern effectively. Will he try to rule by government decree? We will have to wait until mid-June and the Parliamentary elections to see if he can establish a majority and govern, or if he will simply become a figurehead.

May 8: Gold and Silver End Slightly Lower In Mixed Trade

Gold gained $7.20 to $1236.50 in London before it fell back to $1226.20 in early afternoon 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 $16.24 and ended with a loss of 0.61%.

Silver Investment Case Remains Extremely Compelling

Are we near a turning point in silver’s relentless decline? Avert your eyes – this is one ugly silver chart Gold silver ratio at 75 shows real value of silver Mining CEO explains why silver could reach $136.67 Buy silver low, sell high

May 9: Gold and Silver Fall Again

Gold fell $12.90 to $1214.30 in midafternoon New York trade, but it then jumped back higher into the close and ended with a loss of just 0.6%. Silver slipped to as low as $16.061 and ended with a loss of 0.8%.

Golden Arrow teams up with Silver Standard in Argentina

Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) has jumped from an explorer to a silver producer in Argentina in a fairytale-esque way. It will receive a 25% stake in Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) producing Pirquitas mine, take home a US$15-million cheque and fast track production of its flagship Chinchillas project in a joint-venture deal, expected to close shortly.

May 10: Gold and Silver End Mixed While Oil Jumps

Gold chopped up to $1225.60 in London, but it then drifted back lower in New York and ended near its late session low of $1217.60 with a loss of 0.04%. Silver rose to as high as $16.339 and ended with a gain of 0.43%.

SilverCrest Reports Las Chispas Drill Results; Discovers Unmined High Grade Vein, Multiple Intercepts of +1,000 gpt AgEq*

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce Phase II drill results within the Las Chispas Property ("Property") located in Sonora, Mexico. As part of the Company's ongoing Phase II exploration program, systematic grid drilling the Las Chispas Main Vein ("Main Vein"), comprised of infilling and expanding previous Phase I successful results, is ongoing.

May 11: Gold and Silver Gain With Oil

Gold gained $4.80 to $1224.10 in London before it fell back to almost unchanged at about 9AM EST, but it then rose to a new session high of $1227.50 in late morning trade and ended with a gain of 0.39%. Silver rose to as high as $16.388 and ended with a gain of 0.62%.

Silver Market Morning: May 12 2017 - Gold still consolidating with a stronger bias!

Demand for gold at the Akshaya Tritiya festival at the end of April was stronger than has been seen in the past confirming the problems with shortages of cash have dissipated. It is clear that Indian demand for gold is, once again, robust. Estimates for this year’s demand [because of positive forecasts for the monsoon as well] have gone as high as 1,000 tonnes. That’s official demand, excluding smuggled gold.

Market Report: A pause in the decline

Gold and silver found temporary bottoms this week, with gold little changed from last Friday’s close of $1229.4 at $1228 in early European trade this morning (Friday). Silver fared slightly better, rising from $16.34 to $16.45 over the same time scale. However, the recent fall in silver has been very dramatic, the price now only up 2.6% on the year, compared with gold, up 6.4%.

May 12: Gold and Silver End Near Unchanged on the Week but Miners Gain Roughly 6%

Gold gained $7.60 to $1231.70 at about 9AM EST before it drifted back lower in the next few hours, but it then bounced back higher into the close and ended with a gain of 0.31%. Silver rose to as high as $16.48 and ended with a gain of 0.74%.

Silver Demand Shows A Consumer In Trouble

Global demand for silver declined from 2015 to 2016 by 123 million ozs per numbers from the Silver Institute presented in an article on The Daily Coin yesterday. In fact, for the demand categories primarily driven by the consumer, demand plummeted 125 million ozs, or 15.3%. Industrial demand for silver increased slightly but this was because of the global expansion in the solar panel industry, primarily in India and China.

SilverCrest Metals Begins Trading on the OTCQX® Market

SilverCrest Metals Inc. (TSX-V: SIL | OTCQX: SVCMF) ("SilverCrest Metals" or the "Company") is pleased to announce it has qualified for trading on the OTCQX® Best Market, operated by OTC Markets Group, under its existing ticker symbol "SVCMF".

Golden Arrow Files Technical Report to Support Pre-Feasibility Study for the Chinchillas Project Joint Venture With Silver Standard

Golden Arrow Resources Corporation (TSX VENTURE:GRG)(GAC.F)(GARWF) ("Golden Arrow" or the "Company") is pleased to report that it has filed on SEDAR a Technical Report pursuant to Canadian Securities Administrators' National Instrument 43-101 "Standards of Disclosure for Mineral Projects" and Form 43-101F1 to present the results of a pre-feasibility study for the Chinchillas silver-lead-zinc joint-venture project with Silver Standard Resources Inc. ("Silver Standard"), as announced March 31, 2017.

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.