• Gold: 1,323.20 0.36
  • Silver: 16.56 0.00
  • Euro: 1.217 -0.000
  • USDX: 91.198 0.358
  • Oil: 68.03 0.29

April 25: Gold and Silver Fall Roughly 1%

1 min 12 sec ago

Gold fell $12.50 to $1319.00 by a little after 8AM EST before it chopped back higher in New York, but it still ended with a loss of 0.63%. Silver slipped to as low as $16.503 and ended with a loss of 1.02%.

January 25: Gold and Silver Fall Roughly 1%

Gold gained $8.30 to $1366.00 in Asia before it dipped back under unchanged in London and then climbed back towards its earlier high by about 1:30PM EST, but it then dove back lower into the close and ended near its late session low of $134290 with a loss of 0.71%. Silver slipped to as low as $17.148 and ended with a loss of 1.48%.

January 24: Gold and Silver Gain Roughly 1% and 3%

Gold climbed up to $1355.40 in midmorning New York trade before it pared back a bit into midday, but it then jumped to as high as $1361.70 in afternoon trade and ended with a gain of 1.25%. Silver rose to as high as $17.616 and ended with a gain of 2.99%.

Positioning Ahead of Additional Dollar Weakness

Through the first three weeks of 2018, one of the key stories has been the falling US dollar. Expect this trend to continue and even accelerate as we go through the year. After peaking with a false breakout near 104 in early 2017, the US dollar (as measured by the Dollar Index) has continued to plummet in 2018. As I type, the index is near 90 and already down over 2% year-to-date. Dollar weakness has traditionally been positive for commodity prices, and the evidence of this can be seen below.

January 23: Gold and Silver Gain With Oil

Gold gained $3.80 to $1338.40 in London before it dropped back to $1331.70 by midmorning in New York, but it then extended to as high as $1341.50 in the last hour of trade and ended with a gain of 0.48%. Silver rose to as high as $17.092 and ended with a gain of 0.24%.

January 22: Gold Ends Slightly Higher

Gold waffled between $1335.60 and $1328.60 in Asia before it climbed back up to $1335.50 in late morning New York trade and then fell back under unchanged by early afternoon, but it then jumped back higher into the close and ended with a gain of 0.18%. Silver chopped between $17.095 and $16.945 and ended with a loss of 0.06%.

Silver shaping up to outshine gold in the months ahead

So has something fundamental changed? Or could silver snap back with some really spectacular gains in 2018, particularly if the nascent bull market in gold we have seen so far this year picks up speed?

Why You Must Own Silver in 2018

Silver has often rebounded nearly 100% within 12-15 months after bad and long bear markets. History says Silver is ripe for a similar move over the next 12 to 18 months. Since Silver follows Gold, a breakout in Gold could be a huge catalyst for Silver to test and break resistance at $20/oz. If that happens, Silver would be on its way to another, typical substantial rebound. It has happened before and we expect it will happen again. We already own a few juniors with the best silver deposits but we continue to look for junior explorers and silver plays with 5 to 10-fold potential that could benefit from a breakout in precious metals.

January 19: Gold and Silver Fall Roughly 1% on the Week

Gold gained $11.60 to $1337.90 in late Asian trade before it drifted back lower in London and New York, but it still ended with a gain of 0.44%. Silver rose to as high as $17.124 and ended with a gain of 0.47%.

January 18: Gold and Silver Edge Lower in Late Trade

Gold fell $4.80 to $1324.20 in Asia before it chopped up to $1333.00 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.2%. Silver slipped to as low as $16.908 and ended with a loss of 0.47%.

January 17: Gold and Silver End Lower in Mixed Trade

Gold chopped between $1343.90 and $1332.90 in Asia and bounced back to $1338.90 in London before it fell to a new session low of $1332.00 in late morning New York trade and then jumped back to as high as $1340.50 in early afternoon trade, but it then dropped to a new session low of $1327.00 in late trade and ended with a loss of 0.77%. Silver slipped to as low as $16.992 and ended with a loss of 1.1%.

Silver Volume Extreme as in April 2013

During yesterday’s session silver moved back and forth in a volatile manner on volume that was the highest since April 2013. There were a few volume spikes in the meantime, but none as big as what we saw yesterday. The silver market is being very loud. But are you listening?

January 16: Gold Ends Higher While Stocks Reverse Lower

Gold saw modest gains in holiday thinned trade yesterday before it fell back to $1331.80 in London today, but it then jumped back higher in afternoon New York trade and ended with a gain of 0.1%. Silver slipped to as low as $16.791 and ended with a loss of just 0.17%.

January 12: Gold and Silver Gain with Stocks and Oil on the Week

Gold gained $11.30 to $1333.10 in London before it pared back to $1324.70 at about 9AM EST, but it then climbed to a new session high of $1339.30 in afternoon New York trade and ended with a gain of 1.23%. Silver rose to as high as $17.283 and ended with a gain of 1.53%.

Silver Antidote to Bubble Craziness

U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone! Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher. Bonds yield little, and in many European countries, less than zero. Central banks have created this distortion to the detriment of savers, insurance companies and pension funds.

January 11: Gold Gains with Stocks and Oil

Gold edged down to $1315.70 in Asia, but it then chopped up to as high as $1323.90 in New York and ended with a gain of 0.33%. Silver slid down to $16.884 before it jumped back to $17.03, but it then drifted back lower into the close and ended unchanged on the day.

January 10: Gold Gains on Concerns About China’s Bond Buys

Gold fell $5.50 to $1308.50 in early Asian trade before it jumped up to as high as $1327.10 at about 6AM EST and then drifted back lower in New York, but it still ended with a gain of 0.26%. Silver rose to as high as $17.185 and ended with a loss of 0.12%.

Even More Support: Silver Moving Higher in 2018

After our conversation with Craig Hemke yesterday we are more optimistic than before. Silver and gold are set up for a stellar year and if we could convince a 100 or more of these new crypto millionaires to attack the COMEX and LBMA we could see some real fireworks. Imagine what would happen if, independently, crypto millionaires began attacking the precious metals markets? Decentralized contracts flooding into the precious markets that actually are there to take possession? Would this have any effect or would these criminal enterprises simply change the rules and move on? We know they would force the participants to accept cash, as this is how the contracts are set up, but this would only expose the problem further.

January 9: Gold and Silver Fall While Stocks Continue Higher

Gold fell $11 to $1309 in midmorning New York trade before it bounced back higher into the close, but it still ended with a loss of 0.45%. Silver slipped to as low as $16.914 and ended with a loss of 0.70%.

January 8: Gold and Silver End Slightly Lower

Gold fell $5.70 to $1314.80 in Asia before it bounced back to $1321.00 in London and then drifted back lower in morning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.04%. Silver fell to as low as $17.04 and ended with a loss of 0.47%.

January 5: Gold and Silver Gain Over 1% on the Week

Gold fell $5.70 to $1316.20 in London before it jumped up to $1322.80 after the release of this morning’s jobs data and then fell to a new session low of $1313.80 in the next hour of trade, but it then climbed back towards its earlier high by late morning and ended with a loss of just 0.11%. Silver slipped to as low as $17.101 and ended unchanged on the day.

January 4: Gold and Silver Gain With Stocks

Gold fell $9 to $1305.90 in Asia, but it then climbed to as high as $1325.80 in New York and ended with a gain of 0.53%. Silver rose to as high as $17.271 and ended with a gain of 0.35%.

Precious Metals Markets Outlook 2018

While you can still buy gold under $1,400 and silver under $20, they remain (for now) compelling values. Silver looks especially compelling given its cheapness relative to gold and virtually every asset on the planet.

Silver Created the Greatest Transfer of Wealth in History To-Date

The past few days I have been reminded of how important silver is to our world and how silver is the one asset the world needs in order to function to a high level. Actually, silver is necessary for our world to function at even the most basic level where power/energy/information is running through wires. Silver makes it possible.

January 3: Gold and Silver End Slightly Lower

Gold dropped $6.40 to $1311.80 in Asia before it rallied to $1317.80 in London and then fell back to a new session low of $1307.50 after the release of fed minutes in New York, but it then jumped back higher in late trade and ended with a loss of just 0.25%. Silver slipped to as low as $17.032 and ended with a loss of 0.17%.

May 28: Gold and Silver Fall About 1%

Gold fell over $21 to $1373.66 at about 10:15AM EST before it rose to as high as $1401.20 in the next hour and a half of trade, but it then fell back off into the close and ended with a loss of 0.98%. Silver slipped to $22.14 before it climbed back to $22.634, but it then fell back off in early afternoon trade and ended with a loss of 1.59%.

May 30: Gold and Silver Rise Over 1% More

Gold popped up to $1410.53 in Asia before it fell back under $1400 in London, but it then rose to as high as $1417.80 in New York and ended with a gain of 1.36%. Silver surged to as high as $23.085 and ended with a gain of 1.25%.

June 3: Gold and Silver Gain About 2%

Gold climbed to $1401.64 by a little after 4AM EST before it fell back to $1390.83 in the next six hours of trade, but it then climbed to as high as $1416.69 in New York and ended with a gain of 1.96%. Silver surged to as high as $22.952 and ended with a gain of 2.57%.

June 11: Gold and Silver Fall With Stocks, Dollar, and Oil

Gold fell to as low as $1366.70 at about 9:30AM EST before it bounced back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $21.49 and ended with a loss of 1.19%.

June 12: Gold and Silver Gain While Stocks Fall

Gold dipped to $1373.73 in Asia and traded mostly slightly lower in London before it jumped up to $1394.25 in late morning New York trade and then drifted back lower in afternoon trade, but it still ended with a gain of 0.73%. Silver surged to as high as $22.012 and ended with a gain of 0.37%.

Huldra Silver Provides an Update on Mill Efficiencies and Surface Exploration Plans

As part of an effort to reduce costs and increase efficiency, Huldra has temporarily suspended milling operations in Merritt, BC a few days prior to a planned maintenance procedure in order to install previously purchased rubber ball mill liners that will significantly increase the throughput capacity of the mill to approximately 300 tonnes per day from the current maximum of 250 tonnes per day, depending on the work index of the mill feed. The delivery of the liners is expected later this week and should take approximately one day to install. The ball mill is currently being prepared for the new liners. A number of other maintenance items will be completed during this time to increase the efficiency of the operation of the mill. Once complete, the mill will be run at maximum capacity with reduced cost. Only essential personnel will be on site during the maintenance procedure.

July 3: Gold and Silver Gain as Oil Tops $100

Gold fell $5.50 to $1236.70 at about 3:30AM EST, but it then rose to as high as $1259.40 in New York and ended with a gain of 0.86%. Silver surged to as high as $19.905 and ended with a gain of 2.38%.

July 9: Gold and Silver Gain Almost 1%

Gold climbed $23.70 to $1260.20 in Asia before it fell back off in London and New York to as low as $1241.90 at about 2:20PM EST, but it then rallied back higher in the next hour of trade and ended with a gain of 0.96%. Silver rose to $19.506 before it fell back to $19.066 in London, but it then bounced back higher in New York and ended with a gain of 0.84%.

Silver Market Morning

New York closed on Tuesday at $1,285.40 up $34.30. This morning in Asia pulled back to $1,280 then as London started it slipped back to $1,275 and was Fixed at $1,275.00 down $5.75 on yesterday’s Fix and in the euro at €976.787, down €5.0 showing gold yesterday moved down in both currencies as the dollar recovered. Ahead of New York’s opening gold was trading at $1,276.95 and in the euro at €978.81.

Silver Market Morning

Asia again lifted the market up to $1,336 after New York closed at $1,333.70 up another $16 on London. London pulled it lower ahead of the Fix where it was set at $1,326.75 up $13 from yesterday but down $10 on the start of the day and was Fixed in the euro at €1,007.10 up nearly €9.00. Ahead of New York’s opening gold was going firmer at $1,329.55 and in the euro at €1,008.84.

Silver Market Morning

New York closed at $1,342.4 up $8.70. London lifted it ever so slightly to $1,343.30 ahead of the Fix where it was set at $1,340.00 up $13.25 from yesterday and was Fixed in the euro at €1,012.31 up €5.20. Ahead of New York’s opening gold was holding that level and in the euro at €1,012.96.

July 31: Gold and Silver End Mixed In Volatile Trade

Gold jumped to $1338.55 in early Asian trade before it fell to as low as $1306.20 at about 11AM EST and then bounced back higher after this afternoon’s fed statement, but it still ended with a loss of 0.26%. Silver slipped to as low as $19.39 at about noon EST, but it then rallied back higher in the next few hours of trade and ended with a gain of 0.51%.

August 6: Gold and Silver Fall About 1%

Gold fell to as low as $1279.64 by a little before 10AM EST before it bounced back higher midday, but it still ended with a loss of 1.37%. Silver slipped to as low as $19.47 and ended with a loss of 0.82%.

August 7: Gold and Silver End Near Unchanged

Gold fell to $1272.60 in London before it rebounded to as high as $1289.09 in New York, but it then fell back off in the last hour of trade and ended with a gain of just 0.12%. Silver slipped to $19.159 before it rose to as high as $19.62, but it also fell back off in late trade and ended with a loss of 0.05%.

Silver Market Morning

New York closed at $1,285.10 up $1.50 but down $18.80 on the day before. Asia saw the gold price lifted to $1,290. It then Fixed in London at $1,287.75 down $4.25 and in the euro at €964.246 down nearly €8.80. Ahead of New York’s opening gold was at $1,288.65 and in the euro at €965.03.

August 12: Gold and Silver Gain About 2% and 4%

Gold rose over $20 in Asia before it fell back to $1322.60 in London, but it then climbed to as high as $1343.30 in New York and ended with a gain of 1.77%. Silver surged to as high as $21.451 and ended with a gain of 4.3%.

August 14: Gold and Silver Gain About 1% and 2%

Gold fell to $1315.70 in Asia before it rebounded to $1327.00 at about 5AM EST and then dropped back to $1319.00 in the next four and half hours of trade, but it then jumped to as high as $1335.86 in New York and ended with a gain of 1.01%. Silver surged to as high as $21.851 and ended with a gain of 1.82%.

August 15: Gold and Silver Gain About 2% and 5%

Gold rose $11.04 to $1346.04 in Asia before it fell to see a $16.01 loss at $1318.99 after this morning jobs data was released, but it then rallied back higher throughout most of the rest of trade and ended near its midafternoon high of $1369.59 with a gain of 2.09%. Silver climbed to $22.171 in Asia before it fell to as low as $21.71 at about 9AM EST, but it then rose to as high as $23.171 and ended with a gain of 4.99%.

Losing Control

The Fed is on the verge of completely losing control of its Treasury bond "QE" Ponzi Scheme; as in reality, the 32-year Treasury Bond market is decidedly OVER. China and Japan are selling, the rest of the world is selling, and thus, the Fed will likely be forced to announce "QE5" around the same time they were initially expected to start "tapering."

Discover Your Next Resource Investment With Two of The World’s Top Resource Financiers: Ned Goodman & Eric Sprott

Cambridge House International is pleased to announce the attendance of two of the World’s top resource financiers at the upcoming Toronto Resource Investment Conference. Ned Goodman, founder of Dundee Corporation, and Eric Sprott, founder of Sprott Asset Management LP, will be delivering keynote speeches during a historic moment in the resource sector.

World's Largest Silver Producing Company Reports Big Decline in Production

The world's largest silver producer saw its production decline substantially in the first half of 2013. Many assume this decline came from Fresnillo, which is known as the largest primary silver miner in the world. However, it was recorded by KGHM Polska Miedz, the largest by-product silver producer on the planet whose annual silver production was 41 million oz in 2012.

August 20: Gold Gains While Silver Slips

Gold fell $14.34 to $1352.26 in Asia, but it then climbed to as high as $1377.00 in New York and ended with a gain of 0.34%. Silver slipped to $22.28 in Asia before it rebounded to as high as $23.301 by a little after 10AM EST, but it then drifted back lower into the close and ended with a loss of 0.69%.

August 29: Gold and Silver Fall But Miners End Higher

Gold fell $11.12 to $1404.58 in Asia before it climbed back to $1416.10 at about 8:30AM EST and then dropped back to $1402.70 in the next couple of hours of trade, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.61%. Silver slipped to as low as $23.65 ended with a loss of 1.81%.

October 15: Gold and Silver Gain While Stocks and Oil Fall

Gold fell $21.14 to $1251.56 by a little after 7AM EST before it rebounded to $1277.08 in early New York trade and then fell back to $1267.20 by late morning, but it then climbed to a new session high of $1287.92 in the next few hours of trade and ended with a gain of 0.68%. Silver slipped to as low as $20.494 at one point, but it then rose to as high as $21.50 and ended with a gain of 0.33%.

October 29: Gold and Silver End Mixed Before Fed Day

Gold popped back above $1360 in early Asian trade before it fell back to $1340.56 by a little before 4AM EST and then bounced back higher in New York, but it still ended with a loss of 0.62%. Silver slipped to as low as $22.281 in late Asian trade, but it then climbed to as high as $22.598 in New York and ended with a gain of 0.04%.

Silver rallies, but set for hefty drop on quarter

Silver futures led the rally among major metals Friday, but it was still poised for a loss of around 16% for the quarter.

Silver Market Update

Much of what is written for the Gold Market update applies equally to silver, so it will not be repeated here. There are, however, some important differences that we will focus on here, which suggest that silver now has really big upside potential from this point, despite its comparatively anemic reaction on Friday to the news out of Europe, compared to other commodities.

Capped at Round Numbers

Gold prices are AGAIN being capped at a round number, this time $1,590/oz despite a veritable cornucopia of gold bullish news, from steadily beating Middle East “war drums,” to FIVE separate pieces of weak U.S. economic data, to the implosion of the MOST IMPORTANT STOCK IN THE MARKET – “Margin Stanley” – following abysmal earnings that included the disclosure that it still needs to post $3 billion for collateral related to the recent Moody’s downgrade. Silver, too, is being heavily capped, at the same KEY ROUND NUMBER of $27.50/oz that has served as the Cartel’s line in the sand for roughly three weeks.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

Silver Market Update

First Majestic Completes Acquisition of Silvermex Resources

First Majestic Silver Corp. ("First Majestic") (FR.TO)(AG)(FMV.F) and Silvermex Resources Inc. ("Silvermex") (SLX.TO)(OTC.BB:GGCRF)(GSBN.F) are pleased to announce the completion of the plan of arrangement (the "Arrangement") previously announced in the joint news release of First Majestic and Silvermex dated April 3, 2012.

Real Money

The global economic meltdown continues, with the “President’s Working Group on Financial Markets” doing their best to support the “DOW JONES PROPAGANDA AVERAGE” while other (unnamed) forces attempt to cap the “barometers of bad tidings” – gold and silver.

Silver Market Morning

Gold closed in New York at $1,581.00 $4 higher, yesterday. London’s morning Fix today was set at $1,583.00 up $3 on yesterday and in the euro at €1,291.296, while the euro stood at €1: $1.2259 down nearly 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,581.75 in the middle and in the euro at €1,293.28.

Better Places to Keep Your Money than the Bank

My local bank in Colorado is literally offering to pay me no interest --just an offensive 0.05% annually, before taxes. The interest rate triples to 0.15% when the balance exceeds $50,000. Absolutely no incentive when one considers the risks the bank imposes on your capital, retaining only pennies on the dollar of your money, then leveraging your capital -- fractional banking. How can I be interested in a 0% savings rate deposited at a relatively risky institution while supporting the fractional banking system?

COMEX Silver Inventory Update: -287,542.774 ounces

COMEX Silver Inventory Update: -287,542.774 ounces

First Majestic Reports Second Quarter Financial Results

FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or "First Majestic") is pleased to announce the unaudited condensed interim consolidated financial results for the Company for the second quarter ending June 30, 2012. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

COMEX Silver Inventory Update: +566,677.050 ounces

COMEX Silver Inventory Update: +566,677.050 ounces

Bull Hammer in Silver

There was some major downside price rejection yesterday in Silver which can be seen clearly in the bull "Hammer" daily candlestick pattern. This should make the bears think twice about their prospects. There is potential here for a near term change in trend, but it is important to remember Japanese Candlestick patterns are useless without confirmation.

iShares Silver Trust: +30.18 tonnes

iShares Silver Trust: +30.18 tonnes

Helicopter Ben Speaks

Another typical day in the land of “free markets.” Under an endless crush of “horrible headlines,” stocks are simply not allowed to decline. Of course, when Helicopter Ben speaks before Congress – as he did today in his bi-annual “Humphrey Hawkins” economic testimony – gold is viciously attacked, as if Bennie has EVER hinted of incremental monetary policy on Capital Hill. Just yesterday, gold was a (capped) safe haven, but all of a sudden, it’s not.

CFTC’s Chilton Sees Silver Probe Concluding This Year

A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

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: -621,019.100 ounces

COMEX Silver Inventory Update: -621,019.100 ounces

August 1: Gold and Silver Fall With Stocks

Gold edged up to $1618.45 in Asia before it dropped down to $1592.17 after the FOMC announcement, but it then bounced back higher in late trade and ended with a loss of just 0.87%. Silver slumped to as low as $27.157 before it also rebounded, but it still ended with a loss of 2.04%.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes