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Silver Commentaries

Gold Seeker Closing Report: Gold and Silver Gain Over 1% and 2%

 CloseGain/LossGold $1614.10+$21.30Silver$29.53+$0.81XAU185.39+3.55%HUI513.89+3.67%GDM1467.05+3.62%JSE Gold2936.18+20.21USD79.87-0.51Euro130.79+0.81Yen128.46+0.30Oil$97.22+$3.3410-Year1.925%+0.112T-Bond144.6875-1.625Dow12103.43+2.87%Nasdaq2603.73+3.19%S&P1241.30+2.98% Buy Gold Online  The Metals: Gold rose $25.57 to as high as $1618.37 by late morning in New York before it fell back off a bit midday, but it still ended with a gain of 1.34%.Silver surged to as high…

Gold Seeker Closing Report: Gold and Silver Fall With Stocks and Euro

 CloseGain/LossGold $1592.80-$4.10Silver$28.72-$0.91XAU179.04-2.34%HUI495.66-2.90%GDM1415.68-2.73%JSE Gold2915.97-31.99USD80.38+0.20Euro129.95-0.53Yen128.15-0.46Oil$93.88+$0.3510-Year1.813%-0.041T-Bond146.3125+0.75Dow11766.26-0.84%Nasdaq2523.14-1.26%S&P1205.35-1.17% Buy Gold Online  The Metals: Gold rose $11.65 to $1608.55 by a little after 8AM EST before it fell back below $1590 by late morning in New York and then popped back up to $1599.59 by a little after 1PM…

SLV Short Position Update

December 19, 2011

The latest short position report for stocks was released earlier in the week for positions held as of Nov 30. This was the report that I had speculated would show a decline in the short position of SLV, the big silver Exchange Traded Fund (ETF). Contrary to my expectations, the short position for SLV increased by more than 2.2 million shares to 25.2 million shares. This represents almost 25 million ounces of silver. http://www.shortsqueeze.com/?symbol=slv&submit=Short+Quote%99 I had…

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Almost 7% and 8% on the Week

 CloseGain/LossOn WeekGold $1596.90+$30.70-6.68%Silver$29.63+$0.69-7.90%XAU183.33+1.53%-8.63%HUI510.44+1.80%-9.10%GDM1455.41+1.79%-9.06%JSE Gold2947.96-4.86-5.04%USD80.18-0.12+1.98%Euro130.34+0.21-2.54%Yen128.56+0.13+1.02%Oil$93.53-$0.34-5.91%10-Year1.854%-0.059-9.65%Bond145.5625+1.09375+2.87%Dow11866.39-0.02%-2.61%Nasdaq2555.33+0.56%-3.46%S&P1219.66+0.32%-2.83% Buy Gold Online  The Metals: Gold rose over 2% to $1600.90 by a little before 8AM EST before it fell back…

Gold Seeker Closing Report: Gold and Silver End Mixed

 CloseGain/LossGold $1566.20-$6.10Silver$28.94+$0.13XAU180.56-1.11%HUI501.39-1.47%GDM1429.74-1.49%JSE Gold2947.96-4.86USD80.30-0.24Euro130.13+0.26Yen128.38+0.27Oil$93.87-$1.0810-Year1.913%+0.012T-Bond144.46875-0.28125Dow11868.81+0.38%Nasdaq2541.01+0.07%S&P1215.75+0.32%  Buy Gold Online   The Metals: Gold rose over $20 to $1593.87 by a little before 8AM EST before it fell back to $1560.75 by late morning in New York and then bounced back higher in the last…

Balancing Small Silver with Big Payoffs

December 14, 2011

 David Morgan, publisher of Silver Investor, likes the balanced risk and growth that midtier companies provide, but even he can't resist the pull of having a speculative pick pay off. In this exclusive interview with The Gold Report, Morgan talks about the tenets he lives by when investing in mining companies, be they small-cap or midtier or billion dollar companies. The Gold Report: David, in August you predicted that the silver price could go as high as $75 an ounce (oz). It was recently…

Gold Seeker Closing Report: Gold and Silver Fall Almost 4% and 6%

 CloseGain/LossGold $1572.30-$58.70Silver$28.81-$1.83XAU182.58-2.79%HUI508.89-2.95%GDM1451.31-2.97%JSE Gold2952.82-100.37USD80.54+0.22Euro129.78-0.57Yen128.13-0.12Oil$94.95-$5.1910-Year1.901%-0.061T-Bond144.75+1.34375Dow11823.48-1.10%Nasdaq2539.31-1.55%S&P1211.82-1.13%      The Metals: Gold plummeted all the way to $1564.02 by late morning in New York before it bounced back higher in early afternoon trade, but it still ended with a loss of 3.6%.Silver…

Silvercorp Goes on the Offensive

December 13, 2011

I’m writing from China, where I’m attending Silvercorp Metals’ (SVM) mine tour with other analysts and reporters. We met with company principals the first morning, including CEO and Explorer’s League honoree Rui Feng at their downtown Beijing offices, where the bulk of the discussion centered around a point-by-point rebuttal of the charges made by the now-infamous short sellers. With a reporter’s camera snapping, it became apparent to me that Rui and company have shifted from playing defense to…

An Unmitigated Disaster

December 13, 2011

Oftentimes, the significance of truly historic events is not fully appreciated at the time they occur. I think we are at one of those times with the bankruptcy of MF Global. There’s no question that the news and overall circumstances of the demise of the large commodities brokerage is widely known, but the significance of the event is not yet fully understood. While I would classify the event as an unmitigated disaster on many levels, I have hope that it might result in some long-overdue and…

The Silver Platter Opportunity

December 13, 2011

Every few years, a tremendous opportunity arises. The autumn months of 2007 and the autumn months of 2008 offered such an opportunity to buy silver. That $11 silver price is long gone. Many smart folks seized it. Whatever can be said on such silver platters applies almost equally to gold. The silver sprint gains are typically much larger than the gold steady gains. The coming autumn months will feature a gaggle of supposed financial analyst experts backpeddling in their hasty damage control…

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