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Silver Market Updates

Silver: What COT Analysis Tells Us

November 25, 2014
By SilverSeek

Each week the CFTC publishes a Commitments of Traders Report (COT) in which “non-commercial” and “commercial” long and short futures positions are reported. Many people have expressed doubts as to the validity, accuracy and consistency of the data. However, my experience is that the data is mostly relevant, accurate, and useful in the long term, but not necessarily important each week.

Prices of Gold/Silver Companies to Double from Here?

November 20, 2014
By SilverSeek

Silver is down 70% from its high of $48.70 an ounce back in April of 2011. And the calls from the mainstream are for silver prices to fall farther, as the Federal Reserve has stopped printing paper money and inflation is nowhere in sight. I beg to differ.

U.S. Mint Reports on Silver Eagles: Huge Demand & Weekly Rationing

November 20, 2014
By Steve St. Angelo, SRSrocco

After the huge take-down in the price of silver on October 31st, demand for Silver Eagles skyrocketed. Then on Nov. 5th after silver was knocked down another 5%, the U.S. Mint suspended sales of Silver Eagles.

Gold, Silver, Crude and S&P Ending Wedge Patterns

November 18, 2014
By Chris Mullen, Chief Content Manager

Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 and June 2014. Demand is strong for physical gold and silver, but the supply of naked paper shorts on the COMEX is even larger. This will change. I see prices under $20 as a strong buy zone since I believe that $100 silver is only a few years away.

An Open Letter to Mining Company Executives

November 14, 2014
By Chris Mullen, Chief Content Manager

Please accept my sincere condolences on the continuing suppression of metal prices. As a stock holder in your company, I share your concern that an unrelenting environment of depressed metal prices will inevitably cause damage to your mining company. I will not insult your intelligence by dwelling on the long term solution that you are so very well aware of (i.e., reduce mining output at low prices, both as a way to pressure prices higher, and as a way to conserve your precious in ground…

Silver Market Morning

November 14, 2014
By Chris Mullen, Chief Content Manager

The gold price closed up at $1,161.80 up from $1,160.10 in New York on Thursday. London took it down to $1,153 ahead of the Fix. It was Fixed at $1,154 down $7.00 and in the euro at €926.312 down €4.5, while the euro stood stronger at $1.2458. The volumes of net gold traded were two sellers selling 22,000 ounces and two buyers buying 36,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,153.70 and in the euro at €926.18.

“Paper Gold” and Its Effect on the Gold Price

November 13, 2014
By Chris Mullen, Chief Content Manager

Gold dropped to new lows of $1,130 per ounce last week. This is surprising because it doesn’t square with the fundamentals. China and India continue to exert strong demand on gold, and interest in bullion coins remains high. I explained in my October article in The Casey Report that the Comex futures market structure allows a few big banks to supply gold to keep its price contained. I call the gold futures market the “paper gold” market because very little gold actually changes hands. $360…

Silver Market Morning

November 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed down at $1,160.10 down $5.70 in New York on Wednesday. London took it down to $1,156 ahead of the Fix. It was Fixed at $1,161.00 down $2.25 and in the euro at €930.811 down €3.601, while the euro stood stronger at $1.2473. The volumes of net gold traded were two sellers selling 56,000 ounces and two buyers buying 40,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,163.20 and in the euro at €932.76.

PRIMARY SILVER MINERS: Losing Nearly $3.00 For Every Ounce Of Production

November 13, 2014
By Chris Mullen, Chief Content Manager

With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. We can thank the Fed and Bullion Banks for rigging the paper silver price well below the estimated average break-even for the primary silver miners.

Did Silver’s Bear Market End in June?

November 12, 2014
By Chris Mullen, Chief Content Manager

And so here we are – approaching mid-month with a freshly printed lower-low of $15.04 in place – with the possibility of a rally higher. Yet it's still early to confirm whether “the bottom” is in for silver and “the beginning” of silver’s next leg higher is already in process, as this can only be confirmed in the rear view mirror.

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