• Gold: 1,246.47 -1.43
  • Silver: 17.54 0.01
  • Euro: 1.079 -0.000
  • USDX: 99.761 0.084
  • Oil: 48.4 0.25

March 22: Gold and Silver Gain Again

8 hours 8 min ago

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%.

Silver Market Morning: Jan 19 2017 - Gold and Silver consolidating over $1,200!

Shanghai continues to trade over 271 Yuan holding its ground. The reason for the fall in dollar prices was a strengthening of the U.S. dollar. In the last month the Yuan gold price has gone from 259 to 272 with the gold price in Yuan. We stated yesterday that, “if pricing power does reside in Shanghai as it has done in the last fortnight the Yuan price of gold will either hold or rise in the Yuan.” It has held these levels.

January 18: Gold and Silver Fall Back Towards $1200 and $17

Gold dipped $5.42 to $1210.18 in Asia before it bounced back to $1216.43 in late morning New York trade, but it then fell back off in afternoon trade and ended with a loss of 0.82%. Silver rose to as high as $17.33 before it also fell back off, but it ended with a loss of just 0.52%.

SilverCrest Reports More High Grade Underground Sampling Results at Las Chispas; Update on Phase II Drill Program

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to provide an update on the underground rehabilitation and drill programs at its Las Chispas Property (“Las Chispas”) located in Sonora, Mexico, and report on additional high grade underground sampling results on the 550 level of the Las Chispas Vein.

Silver Market Morning: Jan 18 2017 - Gold and Silver moving higher with a lower $!

Shanghai gold held the same levels as yesterday, today, of around 272 Yuan. Because of the PBoC’s selling dollars to strengthen the Yuan it does seem that the gold price in the dollar jumped over $13 on yesterday in Shanghai. If one takes today’s Yuan exchange rate and uses that to translate 272 Yuan into a dollar price you arrive at $1,236. In the last week the Yuan exchange rate has gone from 6.94 to 6.84 with the gold price in Yuan rising 8 Yuan at the same time.

January 17: Gold and Silver Gain Over 1% and 2%

Gold traded mostly modestly higher in holiday thinned trade yesterday and rose to as high as $1218.68 in London today before it chopped back lower at times in New York, but it still ended with a gain of 1.44% from Friday’s close. Silver rose to as high as $17.20 and ended with a gain of 2.2%.

Silver Market Morning: Jan 17 2017 - Gold and Silver moving higher with a lower $!

Chinese investors know the Yuan will continue to fall and are protecting themselves against this. While the People’s Bank of China has been selling dollars to lift the Yuan over the last week, we doubt they will keep doing this after President Trump as of the 20th January takes office. China is preparing for a confrontation with him. We therefore see the Yuan continuing to weaken in 2017 and Chinese demand to remain robust, despite Xi’s plea not to go to a trade war and keep markets free at Davos.

Keith Neumeyer: Damage Inflicted by Precious Metals Manipulation Is in the “Multi Billions”

It is my privilege now to bring in Keith Neumeyer, founder and CEO of First Majestic Silver Corp, one of the top silver mining companies in the world. Keith has an extensive background in the resource and finance sectors and has also been an outspoken voice about the manipulation that has been occurring in the futures market pricing of silver.

Silver Market Morning: Jan 16 2017 - Gold and Silver correcting, U.S. buying!

Shanghai gold prices, having corrected on Friday, are, again, moving higher in Shanghai touching 270.1 Yuan or $1,211.1 in today’s trading [using the same quality of gold]. It is always tempting to make prices simple to understand even if it means attributing any moves in the gold price to any handy piece of news locally. But that would be misleading. Chinese prices are rising because of Chinese market conditions, not because of Trump’s latest tweet.

January 13: Gold and Silver Gain About 2% on the Week

Gold edged down to $1192.24 in Asia before it bounced back to $1200.63 in London and then fell to a new session low of $1188.00 in midmorning New York trade, but it then rallied back higher into the close and ended with a gain of 0.24%. Silver rose to as high as $16.838 and ended with a gain of 0.12%.

Cambridge House International and Katusa Research: Vancouver Resource Investment Conference 2017

Highlights at the conference will be a fire-side chat with mining billionaire, Frank Giustra, Morning Star's #1 rated gold fund manager, Frank Holmes, several live-on stage "CEO grillings" hosted by Katusa Research founder and CEO, Marin Katusa, and a Roast of legendary investor, author and mining newsletter writer, Doug Casey.

Silver Prices for the Year 2017

How low and how high will the price of silver range on the PAPER markets during 2017? Knowing the influence central bankers, politicians, HFT algos, bullion banks and JPMorgan exercise over increasingly managed markets … it is impossible to answer the question, and it is probably the wrong question to ask.

Market Report: Rally gathers pace

Gold and silver continued their rise this week in very light physical trade, though trade in futures was active. From last Friday’s close, gold rose $20 to $1193, and silver by 30c to $16.76 in early European trade this morning. Behind the rise in gold was a fall in the dollar, which had been very strong in the second half of 2016. In early European trade this morning prices have opened steady, below the intraday highs of yesterday, as dealers try to decide if there will be some profit-taking after a strong week.

Silver Market Morning: Jan 13 2017 - Gold and Silver Correcting!

Shanghai gold prices corrected this morning in Shanghai. While we cannot get access today’s Shanghai’s Fixings, gold was trading down, between $1,191 and $1,196 or back to 263.73 Yuan and 264.83 Yuan. After the gold price rises in Shanghai during this week, a correction was needed to make the market healthy.

January 12: Gold and Silver Gain While Stocks and Dollar Fall

Gold gained $16.02 to $1206.92 in Asia before it drifted back lower in London and New York, but it still ended with a gain of 0.38%. Silver rose to as high as $16.982 and ended with a gain of 0.3%.

Silver Market Morning: Jan 12 2017 - The dollar is lower against gold and gold higher against all currencies!

Shanghai continues to lead the way for the gold price. And as happened yesterday London and New York rose too. With Shanghai prices continuing to rise we expect London and New York to rise again too. To catch Shanghai up, prices in New York need to rise another $15. London is now in line with yesterday’s Shanghai gold price.

January 11: Gold Gains Again While Silver Slips

Gold edged up to $1191.26 in Asia before it fell back to $1177.25 in midmorning New York trade, but it then jumped to as high as $1198.13 in early afternoon trade and ended with a gain of 0.31%. Silver slipped to $16.534 before it rallied back to $16.86 and then fell back off into the close, but it ended with a loss of just 0.36%.

Silver Market Morning: Jan 11 2017 - Shanghai taking gold higher!

If Shanghai is leading the way for the gold price, we would expect London and New York to rise too. Consequently, the gold price needs to move to $1,200 for it to be in line with Shanghai now. Shanghai on Tuesday was $13 higher than the close of New York. This morning London opened only $10.59 lower than yesterday’s Shanghai closing. And this strength in gold is happening while the dollar is rising and the Yuan slipping slightly.

January 10: Gold and Silver Gain Again

Gold gained $5.05 to $1187.55 in Asia before it fell to see a slight loss at $1181.07 in London, but it then jumped to as high as $1190.45 in New York and ended with a gain of 0.4%. Silver rose as high as $16.904 and ended with a gain of 1.33%.

Silver Market Morning: Jan 10 2017 - Shanghai London and New York prices coming in line!

Again New York’s prices are moving up towards Shanghai’s, which continues to rise steadily but solidly. Shanghai on Monday was only $6.50 higher than the close of New York. This morning London opened only $3.50 lower than Shanghai. The weaker dollar is impacting the gold price, to the relief of the People’s Bank of China.

January 9,: Gold and Silver Gain Almost 1% While Dow Drops With Dollar

Gold gained $12.88 to $1185.88 in early afternoon New York trade before it drifted back lower into the close, but it still ended with a gain of 0.81%. Silver surged to as high as $16.69 and ended with a gain of 0.55%.

Silver Market Morning: Jan 9 2017 - Shanghai dominating London and New York prices!

London is the developed world’s heart of the physical gold market. New York is the paper market. ‘Paper gold prices’ cannot overrule physical prices. It seems obvious, but it isn’t as COMEX has dominated gold prices [with the support of physical sales into London] for several years.

January 6: Gold and Silver Gain About 2% and 3% on the Week

Gold fell $10.21 to $1170.99 by early afternoon in New York before it bounced back higher into the close, but it still ended with a loss of 0.69%. Silver slipped to as low as $16.307 and ended with a loss of 0.84%.

Market Report: Strong rally on bear closing

The euro having been under pressure rallied by nearly 3%, bearing in mind it is 40% of the dollar index. At last night’s close, gold was up 2.5% and silver 4% in the first week. Bear closing is the order of the day, as forewarned in last week’s market report. Everyone seemed to be bullish dollar/bearish everything else, and that was bound to reverse at some time. Whether the December highs for the dollar marks a significant turning point remains to be seen. If not, the bullion banks have unfinished business with bear positions in gold futures on Comex yet to be fully closed. The next chart is of net swaps in gold.

Silver Market Morning: Jan 6 2017 - Shanghai pulling London and New York prices higher!

Yesterday the People’s Bank of China stepped into the foreign exchange market to try to restrain the fall in the Yuan and managed to pull the Yuan higher with it reaching 6.86 at one point. But as you can see this has been short-lived as the currency sank back to 6.9211 today, despite a weaker dollar. The recent fall in the Yuan has been due to a strong dollar and not a weak Yuan. But China is conscious of the Trumped up charge that it is a ‘currency manipulator’. The evidence is otherwise with the Yen, euro and sterling providing more evidence of such than China.

January 5: Gold and Silver Gain Over 1% More

Gold gained $15.41 to $1178.91 in Asia before it pared back to $1170.62 in London, but it then rose to a new session high of $1184.82 in New York and ended with a gain of 1.52%. Silver rose to as high as $16.709 and ended with a gain of 1.16%.

iShares Silver Trust Adds 9.01 Tonnes

iShares Silver Trust Adds 9.01 Tonnes

COMEX Silver Inventory Update: +2,391,349.790 ounces

COMEX Silver Inventory Update: +2,391,349.790 ounces

COMEX Silver Inventory Update: -606,188.735 ounces

COMEX Silver Inventory Update: -606,188.735 ounces

Fortuna intercepts 736 g/t Ag and 4.8 g/t Au over 19.3 m at Trinidad North discovery, San Jose Mine, Mexico

Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) is pleased to report continued success in the exploration drilling at the Trinidad North discovery at the San Jose Mine in Mexico . Drilling continues to intercept high-grade silver-gold mineralization over wide widths with the mineralization remaining open to the north and to depth.

Join SilverSeek.com in Vancouver at the World Resource Investment Conference May 26/27

Cambridge House International announced the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen.

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.

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