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Commentaries

Rick Rule: Silver to Move Further and Faster Than Gold

A lot of silver investors are watching the gold price and wondering, “when is silver going to move?” Well, it turns out that’s nothing new, as Rick Rule of SprottGlobal explains how that’s been the case for the previous 8 rallies he’s lived through. Although while US silver investors aren’t always the most patient lot, Rick also mentioned how when it’s silver’s time, silver moves further and faster than gold. Which is certainly good news given the current conditions, and to find out more,…

Silver Offers A Golden Opportunity To Preserve Soon To Be Destroyed Value

July 04, 2020

The fundamentals for silver and gold are very strong, and with all the massive bailouts and stimulus, which have increased debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.

Extreme COMEX Delivery Demand Continue

So, anyway, let's just conclude with this. Please do not rush out of here thinking that the COMEX will soon collapse. The weight of all this delivery demand may eventually lead to a force majeure-style failure, but that's very likely not coming this month or next. The CME, the LBMA, and The Banks will work to protect their pricing scheme until the very last moment, so it would be foolish to think they're going to meet a quick end. However, their fate was sealed in late March, and like a…

$10 Silver Certificate Would Buy $333 Worth Of Silver Today

June 27, 2020

A $10 bill today doesn’t buy as much as it used to.  Yes, indeed… the $10 Federal Reserve Note today would only buy a little more than a half-ounce of silver.  However, back in 1934, a $10 Silver Certificate would purchase 18.5 ounces of silver.  Try doing that today.

The Final Chapter

June 25, 2020

All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same.

Market Updates

Silver & Gold BREAKOUT Above Important Technical Levels

July 09, 2020

First, let’s look at silver. While silver is still lagging gold, I believe it will start to outperform the yellow metal once it finally BREAKS above the $21 level. The monthly silver price has been stuck below the $18.50 level since 2016. While silver has traded above $18.50, it has not closed above it. We need to see the body of the Monthly Candlestick close above $18.50 for it to be a positive sign for traders. And, with silver closing today at $19.16, we could see a move to $21 rather…

Bill Murphy, Andy Schectman: July Silver Deliveries Spike

The latest silver delivery data is truly stunning. Possibly even historic. Between the current COMEX deliveries, as well as the additions into SLV and the silver trusts, the data shows almost 90 million ounces of silver being demanded in just the first three days of July!

COT Silver Report - July 06, 2020

COT Silver Report - Positions as of 30 June, 2020

Ronni Stoeferle: If You Like Gold, You Have To Love Silver

As government financials deteriorate at an accelerating rate, while central banks print faster than ever, not surprisingly, there’s a lot of attention on the gold market. Although if you think gold is going to do well, you almost have to love silver. Which Ronni Stoeferle of “The In Gold We Trust Report” joined me on the show to talk about.

Jim Willie: Silver Deliveries Are Getting Out Of Control

For years, silver analysts talked about how there was an imbalance between how much paper silver there is, and how much physical silver there is. But that it would go on until enough people demanded their metal.

Silver Stocks

Kirkland Lake Gold Update

Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach full strike in 2023/2024. What has really propelled its stock price in recent years was the…

Alexco Resources: Fully Financed and Near-Term Production

Alexco Resources received its amended water permit, the last remaining hurdle before construction can commence. The company believes it will reach first production before year end and just secured financing for the build-out. The financing was initially set at C$20 but then it was expanded to $26m, which was fully subscribed to an with over-allotment option being exercised, the company raised gross proceeds of C$30m.  It will take approximately 6-months to complete the…

Silver & Gold Summer Doldrums 3

July 04, 2020

This silver-summer-seasonals methodology is the same as gold’s, showing how it has fared during gold’s modern bull-market years. With a far-smaller global market, silver is much-more volatile than gold. So its center-mass summer drift is wider, running +/-10% from May’s final close. That implies a summer range between $16.04 to $19.60 this year. But silver’s summer seasonals have proven weaker overall than gold’s. Silver’s summer-doldrums seasonal low tends to arrive a couple weeks after…

Gold & Silver Seeker Report: This Week in Mining Issue #20: Gold crosses $1,800/oz But Can It Maintain Momentum?

Gold had a decent week, crossing $1,800/oz. then backing down. But can it maintain momentum and convincingly pass that level? It seems like some consolidation is is in order for the metal(s) and mining stocks. Whether or not that takes places from a higher level remains to be seen, but be prepared for a pullback. Regardless, unlike the most industries in the world where companies are struggling to maintain past levels of profitability, the gold miners are seeing a great margin expansion and…

Gold & Silver Seeker Report: This Week in Mining Issue #19: Gold Holding Strong, Drill Results, Royalties & Streams

With the gold price refusing to be knocked down below the $1,700/oz. level, it finished the weak above $1,750 [spot] and looks to be building a base, readying for its next leg higher. With continued monetary and fiscal malfeasance, showing no signs of abating anytime soon, it Is only a matter of time until new all-time highs in gold are reached. This will bode very well for the mining stocks. The trend higher is intact but the complex should get a boost once Q3 earnings are released, as most…

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