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Silver Commentaries

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

February 16, 2012
By Chris Mullen, Chief Content Manager

  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
By Ted Butler, Butler Research

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

February 15, 2012
By Chris Mullen, Chief Content Manager

  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

February 14, 2012
By Chris Mullen, Chief Content Manager

  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

February 13, 2012
By Chris Mullen, Chief Content Manager

  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

February 10, 2012
By Chris Mullen, Chief Content Manager

  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
By COT Silver Report, SilverSeek.com

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…

Gold Seeker Closing Report: Gold and Silver End Slightly Lower

February 09, 2012
By Chris Mullen, Chief Content Manager

  CloseGain/LossGold $1728.80-$4.70Silver$33.84-$0.13XAU198.32-0.32%HUI533.09-0.20%GDM1537.82-0.20%JSE Gold2933.33+43.81USD78.60-0.01Euro132.83+0.24Yen128.73-1.11Oil$99.84+$1.1310-Year2.047%+0.072T-Bond141.53125-0.6875Dow12890.46+0.05%Nasdaq2927.23+0.39%S&P1351.95+0.15% The Metals: Gold fell a few dollars to $1728.77 in London before it shot to as high as $1752.80 by about 9:30AM EST, but it then fell back off for most of the rest of trade and ended with a loss of 0.27%…

Enough is Enough

February 09, 2012
By Ted Butler, Butler Research

The journey to justice and truth is often long and arduous, but must never be abandoned. The alternative is to live a life lacking substance. But neither should the journey be unnecessarily prolonged. These things tend to creep up on you day by day, but we have passed the point of the CFTC taking too long for deciding if the silver market has been manipulated in price. Enough time has passed. Having started in August 2008, we are now at the 3.5 year mark in the current investigation into…

Gold Seeker Closing Report: Gold and Silver Fall Slightly

February 08, 2012
By Chris Mullen, Chief Content Manager

  CloseGain/LossGold $1733.50-$11.90Silver$33.97-$0.22XAU198.05-0.17%HUI534.17-0.73%GDM1540.97-0.75%JSE Gold2889.52+39.19USD78.61+0.10Euro132.58-0.01Yen129.84-0.44Oil$98.71+$0.3010-Year1.975%+0.009T-Bond142.21875-0.09375Dow12883.95+0.04%Nasdaq2915.86+0.40%S&P1349.96+0.22%  The Metals: Gold climbed up to $1751.63 in Asia, but it then fell back off for most of trade in New York and ended near its early afternoon low of $1725.00 with a loss of 0.68%.Silver rose to $34…

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