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Silver Commentaries

COT Silver Report - February 1, 2019

February 01, 2019

COT SPECIAL PUBLICATION SCHEDULE -- The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are…

Silver Outperforming Gold

Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital. Silver looks to be nearing that point again. Despite a good finish, 2018 was a rough year for…

U.S. Mint Silver Eagle Sales Jump In January

January 31, 2019

As the demand for precious metals shows some life once again, sales of the U.S. Mint Silver Eagles jumped in January. Not only have Gold, and Silver Eagle sales increased, so have the precious metals prices. In the past two months, gold and silver prices have gained 7% and 11% respectively. Today, gold reached $1,320, while silver topped $16. While January sales of Silver Eagles fell to a low last year at 3.2 million oz (Moz), down from 5.1 Moz in 2017, they picked up this month…

Don’t Miss What the World Is Missing

January 29, 2019

Let’s consider some of the many reasons that silver should go up. The fact that JPMorgan has used unsavory tactics to hold the price of this important mineral down has created some powerfully bullish consequences. The historically low price has discouraged mining for silver. Many discoveries have been made that have never been mined because of the low level of profitability. Furthermore, prospecting, drilling and exploring for silver deposits has diminished greatly. A lot less silver has been…

A Major Silver Breakout Ahead?

January 29, 2019

On the chart, the first phase of the silver bull market was from 1993 to the end of 2001, and the second phase is potentially from 2001 to the end of 2015. It appears that there is a similarity between the two phases. I have drawn some lines, and marked some patterns to show how they could be similar. The first phase is marked 1 to 3, in black, and the second 1 to 3, in blue. Both of the phases appear to occur within in a broadening channel, from which they both broke down, before point 3…

THE SILVER PRICE and BROADER MARKETS: How Will They Trade This Week?

January 21, 2019

The silver price trended lower last week after hitting a high of nearly $16 the prior week. So, what’s in store for silver and the broader markets this week? If we look at the moving averages and what is taking place in the broader markets, we may find some clues. It seems as if the silver price over the past two weeks has been moving in the opposite direction of the Dow Jones Index and the broader markets.

Global Silver Production May Decline More Than Analysts Forecasts

January 21, 2019

Unfortunately, it is difficult to get data for China, the second largest silver producing country in the world, but I doubt its mine supply has increased more than the declines shown in this chart. According to the World Silver Interim Report, they forecast global silver production to increase by less than 1% in 2018 due to gains in Oceania, Asia, and Africa. They did note that silver production in North American would decline by 5.4 million oz (Moz). But, that 5.4 Moz decline must account…

Retail Silver In Tight Supply?

January 21, 2019

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David Morgan: Expect Stagflation and Silver Outperformance in 2019

January 18, 2019

If I'm correct in my overall analysis that stagflation is basically the meme for the year, and that means a lower stock market from this point to the end of the year and it'll go up and down and fluctuate, all markets do. That will put more impetus into the commodity sector but, again, if we have a global slowdown, then the top-tier of the commodity sector, which is money, gold and silver will be the best assets to hold. I think we had a pretty good prelude in December and, I know I'm rehashing…

Rising Interest and Prices

January 14, 2019

Contracting money supply –> rising prices of gold and silver. Expanding money supply –> softer prices. That said, the fundamental prices of both metals—a calculation we make every day—has been rising since Nov 26. So far, the listening and talking of Powell has not pushed the fundamentals down. Though it should be noted that the gold fundamental is just recovering to its range from 2017. And the silver fundamental is almost back to prior levels. We will look at graphs...

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