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Silver Commentaries

Silver COT Report - June 20, 2014

COT Gold, Silver and US Dollar Index Report - June 20, 2014

Firmer tone in Silver & Gold

June 20, 2014

Silver also responded dramatically, rising through the $20 level to $20.90 for a gain yesterday of 5%. The price action and open interest so far this month is shown in the following charts and illustrates how record bear positions are being squeezed in both metals. Note also that yesterday’s action involved many new players, evidenced by the sharp jump in open interest, in silver’s case to a new 18-month record.

COT Silver Report - June 13, 2014

COT Silver Report - June 13, 2014

COT Silver Report - June 6, 2014

COT Silver Report - June 6, 2014

Bullish Record PM Shorting

The precious metals plunged last week, knifing through key support zones to unleash an explosion of bearish sentiment. This troubling heavy selling wasn’t news-driven, it emerged out of the blue. Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at record levels. Extreme shorting is very bullish, as these bets soon have to be covered.

COT Silver Report - May 30, 2014

COT Silver Report - May 30, 2014

BRICS Gold Source and Belgium Bulge

May 29, 2014

The BRICS nations in the Jackass view are acting in coordinated fashion. These players are explicitly telegraphing a message to those who knew how to read it. The Eastern group of sovereign nations is making a global billboard statement, a Call to Arms in the Global Monetary War, in the Global Gold War. They wish to formulate the critical mass required to launch a New Gold Trade Standard. They must assemble the gold reserves, a very complex task when such great volume approaching 10,000 tons is…

2013 Full Year Results: Top Primary Miners Real Cost To Produce Silver

May 27, 2014

The average price of silver in 2013 was $23.79. Using simple arithmetic, the top primary miners should have made a cash profit of $14.32 an ounce ($23.79 - $9.47 = $14.32). However, this was not the case. My top 12 primary silver miners as a group suffered an adjusted income loss of nearly $1.00 an ounce in 2013.

COT Silver Report - May 16, 2014

COT Silver Report - May 16, 2014

Silver Stealth Buying

Silver has suffered as a market pariah this year, dragging along doggedly near major lows. Investors have seemingly abandoned it to chase the Fed’s general-stock-market levitation, an affliction plaguing most of the alternative-investment realm. But rather provocatively, silver buying remains quite strong even in this dreary sentiment wasteland. This stealth buying will likely explode once gold starts running.

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