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Silver Commentaries

COT Report For Silver is Off-the-Charts Wildly Bullish in the Extreme

The gold price crept higher in early Far East trading on their Friday morning—and that lasted until shortly after 8 a.m. Hong Kong time. It didn’t do much until the spike down at the London open—and the subsequent rally got its wings clipped once the London a.m. gold fix was done for the day. The absolute low tick of the day came shortly before the equity markets opened in New York. They crawled higher from there until 12:50 p.m. EDT—and then traded flat into the 5:15 p.m. close of…

COT Silver Report - June 26, 2015

COT Silver Report - June 26, 2015

Gold & Silver Eagle Sales Spike In June As The Market Senses Financial Turmoil

June 24, 2015

There was a definite trend change in precious metal sentiment and investment demand in June as the market senses financial turmoil on the horizon. Each day we see another announcement from Main Stream financial sources warning of upcoming systemic risk in the markets.

The Set-Up in Silver is Even More Wildly Bullish

Well, there really wasn’t a gold ‘market’ worthy of the name on Friday, as gold traded within a five dollar price band everywhere on Planet Earth. The tiny positive bias that the gold price did have that started shortly before 10 a.m. BST in London, got summarily dealt with around 10:40 a.m. It was all over at 11 a.m. EDT, which was the London close. Gold recovered back above the $1,200 spot mark—and went back to sleep shortly afterwards.

The Ultimate Confirmation

June 22, 2015

I’ve embraced one central theme for the past 30 years – that the price of silver has been manipulated lower on the COMEX. For a good part of those three decades I’ve exerted an intense effort in analyzing the actual supply/demand fundamentals of silver, including production/consumption trends and the resultant annual balance between the two, inventories, investment demand, etc. Those fundamentals indicate that the price of silver must increase dramatically in the future, making the manipulation…

FREEGOLD REBUTTAL: A Case For Much Higher Silver Prices

June 19, 2015

The folks at FreeGold (FOFOA) believe that when gold revalues to $45,000, silver would fall down to $1.85. They stated this in their recent article, FOFOA: Silver Dollar. Actually, FOFOA’s original calculation was done back in 2001, when they saw gold revaluing to $10,000 and silver down to a measly $.50. At the time FOFOA wrote that forecast, the price of gold was $261 and silver $4.37.

COT Silver Report - June 19, 2015

COT Silver Report - June 19, 2015.

FOMC to keep rates low, Perpetual Debt for Perpetual Prosperity, Gold and Silver Update

The FOMC met this week and informed the markets to lower their growth expectations and be more liberal with the much anticipated rate hike from the historic 0-0.25% target. The Fed was able to buy more time and appease shaky bond markets but sacrificed the dollar’s strength some. The news is supporting gold and silver price, which are near recent lows and well supported. The short-term picture is tilting back to gold-silver favorable supported by the weakened US Dollar along with the recent COT…

The COT Report Turns Gold and Silver Back to Wildly Bullish Once Again

It was a ‘nothing’ sort of day in gold on Friday. It traded flat until shortly after the London open—and then got sold down five bucks going into the morning gold fix in London—and after that it chopped around a few dollars either side of the $1,180 spot mark, before closing virtually unchanged on the day. And it was another day where the high and low price ticks aren’t worth my effort to look up.

Top Primary Silver Miners Q1 2015 Results: Still Losing Money Even With Lower Costs

June 15, 2015

With the rapid fall in the price of oil, the primary silver miners production costs declined in the first quarter of 2015. How much? Well, actually a bit more than I forecasted. However, even with lower production costs, the top 12 primary miners as a group still lost money.

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