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Silver Commentaries

Gold Seeker Closing Report: Gold and Silver Gain Over 2% and 3%

  CloseGain/LossGold $1759.00+$36.90Silver$34.35+$1.18XAU198.20+2.79%HUI536.79+3.08%GDM1548.18+2.81%JSE Gold2803.73+8.98USD79.06-0.30Euro132.42+0.97Yen125.45-0.28Oil$105.84+$2.6010-Year2.045%+0.035T-Bond141.53125-0.5625Dow12965.69+0.12%Nasdaq2948.57-0.11%S&P1362.21+0.07% The Metals: Gold rose $11.50 in holiday thinned trade on Monday and climbed over $25 more to as high as $1759.90 in New York today before it fell back off a bit in late trade, but it still ended with a gain…

Gold Seeker Weekly Wrap-Up: Gold and Silver End Little Changed on the Week

Please Note: US Markets are closed on Monday in observance of Presidents’ Day. Canadian markets are closed too for a variety of holidays.  CloseGain/LossOn WeekGold $1722.10-$6.30+0.15%Silver$33.17-$0.31-0.90%XAU192.82-1.49%-0.97%HUI520.72-1.24%-0.61%GDM1505.72-1.22%-0.53%JSE Gold2831.64+28.01-3.21%USD79.36+0.02+0.30%Euro131.48+0.16-0.17%Yen125.73-1.05-2.40%Oil$103.24+$0.93+4.63%10-Year2.010%+0.017+2.08%Bond142.09375-0.1875-0.48%Dow12949.87+0.35%+1.16%Nasdaq2951.78-0.27%+1.65%S&amp…

COT Silver Report - February 17, 2012

February 17, 2012

  The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m. Eastern time.The short report shows open interest separately by reportable and Non-reportable positions.For reportable positions, additional data is provided…

Gold Seeker Closing Report: Gold and Silver Erase Overnight Losses and End Near Unchanged

  CloseGain/LossGold $1728.40-$0.90Silver$33.48+$0.08XAU195.73+2.83%HUI527.28+2.68%GDM1524.37+2.46%JSE Gold2803.63-66.23USD79.34-0.28Euro131.37+0.73Yen126.78-0.80Oil$102.31+$0.5110-Year1.993%+0.062T-Bond142.28125-1.03125Dow12904.08+0.96%Nasdaq2959.85+1.51%S&P1358.04+1.10% The Metals: Gold fell $23.50 to as low as $1705.80 by about 9AM EST, but it then rallied back higher for most of the rest of trade and ended near its late session high of $1729.91 with a loss of just 0…

Fair is Fair

February 16, 2012

In December, I made public an article discussing the short position in the big silver ETF, SLV. At that time, the short position in SLV shares was in excess of 25 million shares and would run up to 26.6 million shares by mid-January. I hold that the shorting of shares in SLV is both fraudulent to shareholders of SLV and is manipulative to the price of silver. That’s because shorted shares of SLV do not result in physical silver being deposited into the Trust and leave the Trust, effectively,…

Gold Seeker Closing Report: Gold and Silver End Mixed

  CloseGain/LossGold $1729.30+$10.20Silver$33.40-$0.11XAU190.34-0.35%HUI513.50-0.34%GDM1487.70-0.29%JSE Gold2869.86-51.24USD79.62+0.17Euro130.68-0.58Yen127.66+0.17Oil$101.80+$1.0610-Year1.931%+0.007T-Bond143.3125-0.25Dow12780.95-0.76%Nasdaq2915.83-0.55%S&P1343.23-0.54% The Metals: Gold climbed as much as $18.10 to $1737.20 by a little after 9AM EST before it fell all the way back to $1720.41 by a little after 2PM, but it then bounced back higher in late trade and ended…

Gold Seeker Closing Report: Gold and Silver End Slightly Lower

  CloseGain/LossGold $1719.10-$4.30Silver$33.51-$0.19XAU191.01-1.47%HUI515.22-1.20%GDM1491.99-1.05%JSE Gold2921.10+2.31USD79.45+0.48Euro131.18-0.70Yen127.38-1.53Oil$100.74-$0.1710-Year1.924%-0.066T-Bond143.5625+1.1875Dow12878.28+0.03%Nasdaq2931.83+0.02%S&P1350.50-0.09%  The Metals: Gold fell $11.40 to $1712.00 by a little after 8AM EST before it rallied up to $1727.40 in the next couple of hours of trade, but it then fell back off midday and ended with a loss of 0…

Gold Seeker Closing Report: Gold and Silver Rise With Stocks and Oil

  CloseGain/LossGold $1723.40+$3.80Silver$33.70+$0.23XAU193.85-0.44%HUI521.50-0.46%GDM1507.89-0.39%JSE Gold2918.79-6.66USD78.97-0.15Euro131.95-0.03Yen128.92+0.05Oil$100.91+$2.2410-Year1.990%+0.021T-Bond142.375-0.40625Dow12874.04+0.57%Nasdaq2931.39+0.95%S&P1351.77+0.68% The Metals: Gold climbed $13.72 to $1733.32 in Asia before it fell back to $1716.19 by a little before 10AM EST, but it then bounced back higher midday and ended with a gain of 0.22%. Silver rose to $34…

Gold Seeker Weekly Wrap-Up: Gold and Silver End Slightly Lower on the Week

  CloseGain/LossOn WeekGold $1719.60-$9.20-0.34%Silver$33.47-$0.37-0.45%XAU194.71-1.82%-2.81%HUI523.92-1.72%-3.24%GDM1513.72-1.57%-3.29%JSE Gold2925.45-7.88+1.83%USD79.12+0.52+0.20%Euro131.71-1.14+0.23%Yen128.82+0.08-1.39%Oil$98.67-$1.17+0.85%10-Year1.969%-0.078+1.03%Bond142.78125+1.25+0.26%Dow12801.23-0.69%-0.47%Nasdaq2903.88-0.80%-0.06%S&P1342.64-0.69%-0.17%  The Metals: Gold fell $24.10 to $1704.70 by a little before 8:30AM EST before it rallied back higher in…

COT Silver Report - February 10, 2012

February 10, 2012

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m. Eastern time.The short report shows open interest separately by reportable and Non-reportable positions.For reportable positions, additional data is provided for commercial…

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