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Silver Commentaries

Silver Scandal

November 26, 2018

A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals. Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6. With a rather short sentencing date approaching on Dec 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully…

Silver Miners’ Q3’18 Fundamentals

The major silver miners’ stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver mining is challenging at today’s exceedingly-low silver prices, these miners are chugging along. Their recently-reported Q3’18 results show their earnings are ready to soar as silver recovers.

Silver Slumps, US Military Weak, and PTJ Says We Are headed For Scary Moments

November 16, 2018

The gold/silver ratio has risen to its highest level in roughly a quarter century, with silver suffering from both weakness in precious metals lately but also dragged down by pessimism about base metals. The ratio measures how many ounces of silver it takes to buy an ounce of gold. When the number is rising, this reflects silver is underperforming relative to gold.

COT Silver Report - November 16, 2018

November 16, 2018

COT Silver Report - November 16, 2018

COT Silver Report - November 9, 2018

November 09, 2018

COT Silver Report - November 9, 2018

A Crack in the Dike?

November 08, 2018

All it would take for the DOJ to see the real market manipulation is to step back a bit and consider things in a slightly different perspective. Yes, by all means continue to go after the spoofers, but try to consider that spoofing is only a tool that enables a much deeper price manipulation run by JPMorgan. As much as I am trying to not to get my hopes up that the DOJ might stumble upon the real crime in silver and gold, I do confess to sensing a slight crack in the dike. Coupled with other…

Silver Market Update

November 04, 2018

On its 10-year chart we can see that silver has basically been moving sideways marking out a low base pattern since late 2014 – late 2015, following a severe bearmarket from its 2011 highs. For a while this year it was thought to be marking out a downsloping Head-and-Shoulders bottom, but with the renewed decline from June through late August, it was clear that the pattern had morphed into something else, and on the basis of what we are seeing in other metals, principally copper, gold and…

COT Silver Report - November 2, 2018

November 02, 2018

COT Silver Report - November 2, 2018

COT Silver Report - October 26, 2018

October 26, 2018

COT Silver Report - October 26, 2018

Mysterious Metal Movement

October 25, 2018

The hit movie from 1996, “A Time to Kill”, based upon the novel by John Grisham, had an all-star cast, including Matthew McConaughey, Samuel Jackson, Sandra Bullock, Kevin Spacey and Donald and Kiefer Sutherland among others. It concerned the rape and beating of a young black girl in the racially-divided rural Deep South, the subsequent killing by her father of the two white rapists and the trial that followed the father’s killing of the rapists.

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