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Commentaries

Massive Investment Demand Puts Silver Back On The Mainstream Radar

July 31, 2020

With silver up 30% for the month, the shiny metal is now back on the Mainstream Media Radar.  Yeah, it’s been seven long years since silver traded at $24, but now it looks as if it is just in the beginning stages of a new Bull Market. Last Friday, CNBC ran an interview with Bill Baruch, president of Blue Line Capital.  He said that when silver was trading at $22 on Friday, he expected more gains.  And, this precisely what took place this week.

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months

July 29, 2020

Due to measures taking by the West Point Mint to protect workers from the virus, the production of gold and silver coins will be reduced over the next 12-18 months.  By enacting these worker policy changes, the U.S. Mint will not be able to produce gold and silver bullion coins at the same time.  Thus, if demand continues to be strong for Gold and Silver Eagles, we could see higher premiums in the future.

Gold and Silver Are Just Getting Started

The U.S. Mint made an unusual request last week. In a press release dated July 23, the bureau literally begged Americans to start putting coins back into circulation by spending or depositing them. As you may have noticed, people just aren’t making transactions with coinage like they used to. That’s especially the case now in the age of the coronavirus. With many people sheltering-in-place, billions of dollars in everyday purchases are being made online that in normal times would have…

Silver’s Surge Leaves Naysayers in the Dust

July 27, 2020

With silver breaking out decisively to the upside, bears are running for cover. We had noted in our July 13th News Alert, “We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.” That’s exactly what happened. The rally really accelerated once the $20/level was taken out last Monday…

Silver’s Biggest Weekly Gain in 40 Years

The best performing precious metal for the week was silver, up 17.79 percent. Silver had its biggest weekly gain in nearly 40 years and could keep soaring. The metal hit its highest level since 2013. Mike McGlone, commodity strategist at Bloomberg Intelligence says the white metal could eventually climb to $30 an ounce amid a broad-based bull market for precious metals. McGlone predicts the metal will stay between $20 and $25 for an extended period before moving higher. The Global X Silver…

Market Updates

Something Amazing Happened In The Silver Market

August 03, 2020

I believe this huge $4 correction in just a few hours was likely initiated by Big Traders (Bullion Banks) to liquidate a portion of their short positions as the silver price was getting out of hand. The evidence to prove this was shown in the new Silver COT Report, which reported a substantial decrease in the Commercial Net Short positions.

COT Silver Report - July 31, 2020

Commitment of Traders report for positions as of the close Tuesday, July 28.

Silver Makes High Wave Candle at Target – Here’s What to Expect…

Silver has made impressive gains over the past week which resulted from its breaking out at last from the giant Double Bottom base pattern that started to form as far back as 2013, so it’s been a long wait for silver investors for this to happen. Over the past week it has done exactly as predicted in the “breakout Souvenir article” posted on the site on the 22nd, running quickly at the strong resistance at the underside of the 2010 – 2013 top area, as we can see on its latest 13-year chart…

Silver Price Spikes Again, Shorts Are Getting Pounded

Silver had a historic late-night Sunday rally, and now some of the banks and funds that are short are really racking up some big losses. Fortunately, I was invited onto Trevor Hall’s Mining Stock Daily podcast to talk about what’s going on, how quickly the silver price might rise, the risks, and a whole lot more.

Silver Scarcifies

To refresh: Basis = Future(bid) - Spot(ask) For the first two and half hours, the spot price is not moving. So, the only way the basis can drop is if the price of the September silver future is dropping. In other words, selling of futures. But while that was going on, there was enough buying of spot to keep it steady. Then, perhaps some market participants became aware of the buying of spot. Or perhaps some other buyers got excited. Somebody was buying in size, because between around…

Silver Stocks

Gold & Silver Seeker Report: This Week in Mining Issue #24: Gold New ATH & Start of Earnings Season

$RZZ.V, $ATBYF, $AEM, $AGI, $AXU, $CXB.TO, $CXBMF, $CDE, $DPM.TO, $EGO, $EMX, $FSM, $GSS, $HRT.TO, $KNT.V, $KNTNF, $KGC, $KL, $LGD.TO, $LGDTF, $OGC.TO, $MKO.V, $MTA, $NGD, $NSR.TO, ROXG.TO, $SAND, $TGZ.TO, $TUD.V

Gold & Silver Seeker Report: This Week in Mining Issue #23 - Silver Blast Off, Gold Nearing New All-Time High, and Countless Financings

This week saw higher metal prices with the mining stocks performing well. Silver had an incredible week, being up >$1/oz. for two consecutive days. Silver reached on all-time high and had its best week in a long time. Like two weeks ago, there were countless financings for junior stocks again this week, which are listed below. Earnings should start to be reported in two weeks or so. Some companies will report great numbers and others not so much, all depending on the impact of mining…

Endeavour Mining Report: Building a 1m oz. Producer

Ticker- TSX; EDV.TO, OTC; EDVMF 52-Week Range; CAD $15.68-$36.62, US $11.02-$27.60 Shares Out; 163.077m shares Endeavour Mining is a West African focused gold producer. Following a recent acquisition, it is now the leading West African producer with an excellent stable of assets and run by a very capable management team.  The company recently completed a strategic acquisition [SEMAFO], in which it paid a fair price. Endeavour’s business model is based around M&A or buy-and…

Two Silver Companies Release Exciting Drill Results: Blackrock & Kootenay Silver

There are many more drill rigs turning for silver exploration and development companies than there have been over recent years. In turn, we have seen some impressive drill results thus far in 2020. This week both Blackrock $BRC.V and Kootenay Silver $KTN.V put out some promising exploration results.  Blackrock drilled 3m of 2,198 g/t AgEq (1,046 g/t Ag + 5.29 g/t Au) and 3.04m of 464 g/t AgEq  (221 g/t Ag + 2.44 g/t Au) in a new vein and extends the Victor vein down…

Gold & Silver Seeker Report: This Week In Mining Issue #22 - Q2 Production Numbers, Gold & Silver Holding, Correction Coming?

With government imposing mandatory suspensions of non-essential business in some places around the world, the majority of the mining sector continues to operate uninterrupted with the exception of adhering to CV19 protocols. Meanwhile, the gold price continues to hold strong at or above $1,800/oz. and has been very buoyant after sell-offs. Additionally, silver seems to be confirming the breakout and the time is nearing where silver will outperform gold, as we've seen the start with a…

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