• Gold: 1,201.26 2.24
  • Silver: 14.31 0.04
  • Euro: 1.178 0.003
  • USDX: 94.07 -0.115
  • Oil: 72.39 0.13

SWOT Analysis: Gold Is Now 85 Times More Expensive Than Silver

16 hours 5 min ago

The best performing metal this week was palladium, up 7.80 percent, scoring an eight-month high of $1,053.40 on Thursday, due to stockpiling by China, writes Kitco News. The World Gold Council reported this week that central banks added a net total of 193.3 tonnes of gold to their reserves in the first six months of 2018, representing an 8 percent increase from the same period in 2017 and the strongest first half of the year since 2015.

September 17: Gold and Silver Gain While Dollar Drops

Gold jumped $10.40 to $1204.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.54%. Silver rose to as high as $14.246 and ended with a gain of 0.78%.

September 14: Gold and Silver Edge Lower on the Week but Miners Gain

Gold gained $6.40 to $1208.50 in Asia, but it then fell back off in London and New York and ended near its early afternoon low of $1193.20 with a loss of 0.67%. Silver slipped to as low as $14.059 and ended with a loss of 0.99%.

September 13: Gold and Silver Close Slightly Lower

Gold edged down to $1203.60 in Asia before it jumped up to $1212.60 by about 9:30AM EST, but it then fell back off into midday and ended near its midafternoon low of $1200.20 with a loss of 0.32%. Silver chopped between $14.171 and $14.348 and ended with a loss of 0.28%.

September 12: Gold and Silver Gain Almost 1%

Gold chopped between $1192.80 and $1197.50 in Asia, but it then jumped to as high as $1208.50 in New York and ended with a gain of 0.82%. Silver rose to as high as $14.276 and ended with a gain of 0.85%.

September 11: Gold Gains While Silver Slips

Gold edged up to $1197.20 in Asia before it chopped down to $1187.90 in early New York trade, but it then rallied back higher into the close and ended near its late session high of $1197.80 with a gain of 0.06%. Silver slipped to as low as $13.942 before it also bounced back, but it still ended with a loss of 0.35%.

September 10: Gold and Silver Close Mixed

Gold fell $4.40 to $1191.70 in London before it rallied up to $1198.50 by midmorning in New York, but it then edged back lower into the close and ended with a loss of 0.05%. Silver chopped between $14.076 and $14.247 and ended with a gain of 0.14%.

September 7: Gold and Silver End Slightly Lower on the Week

Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.

September 6: Gold and Silver Close Mixed Before Jobs Day

Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.

September 5: Gold and Silver Edge Higher

Gold held near unchanged in Asia before it climbed up to $1198.00 in morning New York trade and then drifted back lower at times, but it still ended with a gain of 0.3%. Silver rose to as high as $14.231 and ended with a gain of 0.21%.

COMEX Silver To Test 2015 Lows

Putting this all together, we must once again warn precious metal investors and traders to avoid "catching the falling knife". Though it may appear that price is near a physical floor... and though it may appear that the CoT positioning is near historic levels... and though it may appear that the charts look oversold... none of this will matter if the emerging markets continue to melt down and China continues its regime of devaluations against the US$. In this scenario, COMEX precious metal prices will continue lower, despite all traditional metrics.

September 4: Gold and Silver Fall with Stocks

Gold traded mostly slightly higher in holiday-thinned trade yesterday before it chopped down to as low as $1189.80 by midmorning in New York today and then bounced back higher into midday, but it still ended with a loss of 0.48% from last Friday’s close. Silver slipped to as low as $14.007 and ended with a loss of 2.41%.

August 31: Gold and Silver Find Slight Losses on the Week

Gold gained $8.60 to $1208.80 in Asia, but it then chopped back lower in London and New York and ended with a loss of 0.09%. Silver slipped to as low as $14.487 and ended with a loss of 0.34%.

August 30: Gold and Silver Fall with Stocks

Gold fell $5.80 to $1200.50 in Asia before it bounced back to $1206.70 in London and then plunged down to $1196.50 by a little before 10AM EST, but it then chopped back higher into the close and ended with a loss of just 0.51%. Silver slipped to as low as $14.515 and ended with a loss of 1.36%.

DSLV Update…The Chartology of Silver

Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top rail would come into play around the 34.15 area for a slightly lower risk entry point.

Silver Krugerrand Has Arrived!

This month, the silver bullion Krugerrand has been launched! It’s a really big development, as the Krugerrand is an iconic global brand. The gold Krugerrand was launched in 1967 as the first modern gold bullion coin. It enjoyed great interest, with the peak in 1978 when over 6 million ounces of Krugerrands were sold.

August 29: Gold and Silver Gain with Stocks and Oil

Gold saw slight gains in Asia and rose to as high as $1206.70 at about 9:15AM EST before it dropped towards unchanged by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.42%. Silver chopped between $14.66 and $14.789 and ended with a gain of 0.27%.

360 video: Take a look around the London Silver Vaults

Deep beneath Chancery Lane in central London are the London Silver Vaults, containing the largest retail collection of antique silver in the world. Use our 360 video to discover it for yourself.

Inflation is a Policy Decision

Relative to the DOW, silver prices are too low. Long-term the DOW and commodity prices will rise. Bankers and politicians profit from currency devaluations so inflation will continue. Silver prices bottomed in December 2015 but remain low compared to the DOW, M3, and national debt. M3 and debt increase exponentially. People will realize that debts can be paid only via default or devaluation. Silver will (someday) rise when investors protect their savings and retirements with inflation hedges.

August 28: Gold and Silver Fall Roughly 1%

Gold waffled near unchanged in Asia and rose to see a $4 gain at $1214.30 in London before it dropped to a new session low of $1207.10 by late morning in New York and then bounced back towards unchanged by midday, but it then fell back off again into the close and ended with a loss of 0.74%. Silver slipped to as low as $14.671 and ended with a loss of 1.08%.

These Indicators Are Predicting New All-time High Silver Prices

Since the 1999 Dow/Gold ratio peak, silver was only able to reach around $49, just short of the 1980 high of $50 (not so clear on the chart since it deals with monthly prices). This tells me that all-time highs are still coming. Interest rates are also a very important economic measure, especially for silver prices, as explained previously (explained for gold, but also applies to silver). A period after a major interest rate bottom is generally great for silver.

August 27: Gold and Silver Gain with Stocks

Gold saw modest gains in Asia before it fell back to $1203.30 in London, but it then jumped to as high as $1212.40 in New York and ended with a gain of 0.39%. Silver chopped between $14.747 and $14.914 and ended with a gain of 0.47%.

August 24: Gold and Silver Jump 2% to Close Out the Week

Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%.

August 23: Gold and Silver Fall Almost 1% and 2%

Gold dropped $10.10 to $1186.50 in Asia before it bounced back towards unchanged in London, but it then fell back off again in New York and ended near its late session low of $1184.00 with a loss of 0.93%. Silver slipped to as low as $14.482 and ended with a loss of 1.76%.

Video: Is Silver Set for a Massive Breakout?

– Silver has been basically in a “volatility depression” (see chart) – Volatility has been “slowly decreasing over time … for years now” – Silver is “forming some sort of base” and “it is due for a massive break out” and this should “pull gold up with it”

August 22: Gold and Silver Hold Steady

Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day.

New EW Silver Discovery

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

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Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

March Silver in Backwardation

Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.