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Silver Market Updates

Silver: The “Five Year Plan” and the Great Leap Forward

April 28, 2016
By SilverSeek

Five years ago paper silver contracts on the COMEX hit a multi-decade high over $48 on April 29, 2011. At the end of April 2016 the silver price is bouncing around $17, down about 65% from its April 2011 high. The low occurred at about $13.60 in December of last year, when paper silver prices were down about 70% from their April 2011 high.

Silver Sell Signal Begins Its Long Term Rise

April 27, 2016
By SilverSeek

It may seem odd talking about sell signals at the beginning of a new bull market for silver, but let us get into perspective what bull markets are all about. Silver has seen strong buying in the retail sector as investors snap up silver eagles and similar bullion coins. Likewise, the silver ETFs as a group are near record levels.

Silver Bullion “Momentum Building” As “Supply Trouble Brewing”

April 27, 2016
By SilverSeek

“There are signs that this year could be a pivotal year for the silver market,” New York-based CPM Group said in its “Silver Yearbook 2016.” “Silver mine supply is forecast to decline for the first time in 2016, since 2011,” CPM said, noting scheduled closures and planned production cutbacks.

Grave Silver Mistake

April 27, 2016
By SilverSeek

This is a measure of silver stocks moving from one place to another. This statistic might be important to businesses in the trade, such as refiners and depositories. It is not useful in predicting the price. Ironically, the big gain in ETF inventories may be metal coming from Asia. Metal flows from where it is cheaper to where it is priced more richly. If speculators relentlessly push up the ask price on the ETFs, then they will draw in metal from where it is cheaper. To underscore our point…

Silver Price Forecast: Silver Rally Will Bring Bond Market Collapse

April 26, 2016
By SilverSeek

On the charts, I have shown how interest rates and silver prices have moved together during the first phase of the 70s silver bull market (1971 to 1974), as well as the second phase (1976 to 1980). I have also marked the big divergence that occurred from 2001 to 2011 (the first phase of the silver bull market). This is the biggest period of divergence over the last 100 years. Since silver and interest rate are positively correlated in the long run, it is almost guaranteed that they will move…

Silver’s on Fire

April 25, 2016
By SilverSeek

To be conservative—though this risks missing a quick collapse—one should wait to see the momentum peter out. As we often say at times of bearishness, we NEVER RECOMMEND NAKED SHORTING a monetary metal. The way to play this move would be to go long gold and short silver. If the gold silver ratio is 70, short 70 ounces of silver for every ounce of gold you buy. 70 would be an attractive entry point (assuming momentum dies by then). If the ratio rises to 83, then you have a gain of over 18.5%…

Silver Commitments of Traders – Halloween is Arriving Early This Year

April 23, 2016
By SilverSeek

By that I mean, it just keeps getting scarier and scarier. My guess is that every speculator on the planet is long silver/short gold or outright long silver. That of course is an exaggeration but I am not exaggerating when I categorically state that the silver market is a train wreck just waiting to happen. As I have said before, and will say so again – I would rather miss any more upside in this market than get long now, not with a trade so lopsidedly jammed with speculators on the long…

Blow Off in Progress but ‘Launch Phase’ Confirmed

April 21, 2016
By SilverSeek

For months now we have speculated in NFTRH that a new inflation phase is in the offing (after the first mover, gold, rises amid global economic contraction) and the thrust off the bottom in the precious metals complex and now the rest of the commodity pack, indicates it is here. However, a mini blow off within the launch phase in silver is happening right now and this will eventually bring a reaction (momentum will blow out when it blows out, which is how blow offs work), which is not likely…

Fun with Comex Silver Open Interest

April 21, 2016
By SilverSeek

Gold prices remain firm today...with the exception of the $5 drop at the London PM Fix...and they remain at a critical juncture. Price needs to extend higher here but total Comex open interest is back above the 500,000 level and, if recent history is any guide, that's not a good sign.Let's start with the open interest numbers for yesterday as they were exactly as expected. On the $19 price surge, you knew that The Banks were in there, desperately attempting to keep things in check. To that end,…

Silver Bullion “Has So Much More to Give” – 5 Charts Show

April 20, 2016
By SilverSeek

“Silver has the best-looking chart among all the commodities,” said Andy Pfaff, who as chief investment officer for commodities at MitonOptimal Group in Cape Town increased his allocation to the metal over the past two weeks. “When silver moves, it really, really moves, and everyone wants to be on the right side of that trade.” The metal is up more than 11 percent in the last two weeks after underperforming gold in the first quarter on concerns slow Chinese growth would curb demand in the…

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