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Commentaries

Silver Offers A Golden Opportunity To Preserve Soon To Be Destroyed Value

July 04, 2020

The fundamentals for silver and gold are very strong, and with all the massive bailouts and stimulus, which have increased debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.

Extreme COMEX Delivery Demand Continue

So, anyway, let's just conclude with this. Please do not rush out of here thinking that the COMEX will soon collapse. The weight of all this delivery demand may eventually lead to a force majeure-style failure, but that's very likely not coming this month or next. The CME, the LBMA, and The Banks will work to protect their pricing scheme until the very last moment, so it would be foolish to think they're going to meet a quick end. However, their fate was sealed in late March, and like a…

$10 Silver Certificate Would Buy $333 Worth Of Silver Today

June 27, 2020

A $10 bill today doesn’t buy as much as it used to.  Yes, indeed… the $10 Federal Reserve Note today would only buy a little more than a half-ounce of silver.  However, back in 1934, a $10 Silver Certificate would purchase 18.5 ounces of silver.  Try doing that today.

The Final Chapter
All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government both supported and then depressed the price of silver for a hundred years prior to 1983, first by amassing more than 5 billion ounces and then by disposing of same.
Ted Butler Thu, 06/25/2020 - 09:56

UPDATE: New Silver Supply Is Drying Up Faster Than Death Valley

The annual data for silver supply is in, and it shows that the structural decline in new supply for the silver market has strengthened. It is not temporary, and can’t be easily resolved or reversed. The main issue is the deterioration in mine production, although scrap sources are falling as well. This is important because much of the bullion you and I buy comes from newly-mined silver. Secondary sales (bullion products that have been previously bought and sold) will always have a place in…

Market Updates

Jim Willie: Silver Deliveries Are Getting Out Of Control

For years, silver analysts talked about how there was an imbalance between how much paper silver there is, and how much physical silver there is. But that it would go on until enough people demanded their metal.

World’s Two Largest Silver Producers Mine Supply Cut Drastically In April

July 04, 2020

With Mexico finally releasing its mine supply data for April, the top two silver producers saw their combined silver output decline by 53%.   To give you an idea of the amount of lost silver mine supply from Mexico and Peru, it was more than all the global gold production that month.  Actually, it was 1.5 months worth of world gold mine output.

What Do The Charts Now Say About Gold & Silver?

July 02, 2020

Pay Attention To The King Base Metal Price… COPPER The indicator that reveals the health of the real economy is the COPPER price. Copper also closed at a significant technical level on the last trading day of June. Copper has been trading below the descending line (DASHED BLUE LINE) since the end of 2017. If copper does not close above this level, it could continue to be weaker for the remainder of the year.

Dave Kranzler: Silver Smashed In Front Of Options Expiration

The volatility in the silver market increased this week. With the chart of the last few days looking incredibly reminiscent of what we saw in the gold market on March 23-24 when several market makers got blown out.

Silver Market Update - at a critical juncture here...

Although silver has picked up significantly since its March low it has greatly underperformed gold over the past 2 years, but this is normal during the earliest stages of a major sector bullmarket when gold is favored over silver. On its 20-year chart we can see that silver remains stuck within a giant base pattern that started to form as far back as 2013. This chart makes clear that once gold breaks out to new highs against the dollar, then silver should break out of this base to enter a…

Silver Stocks

Silver & Gold Summer Doldrums 3

July 04, 2020

This silver-summer-seasonals methodology is the same as gold’s, showing how it has fared during gold’s modern bull-market years. With a far-smaller global market, silver is much-more volatile than gold. So its center-mass summer drift is wider, running +/-10% from May’s final close. That implies a summer range between $16.04 to $19.60 this year. But silver’s summer seasonals have proven weaker overall than gold’s. Silver’s summer-doldrums seasonal low tends to arrive a couple weeks after…

Gold & Silver Seeker Report: This Week in Mining Issue #20: Gold crosses $1,800/oz But Can It Maintain Momentum?

Gold had a decent week, crossing $1,800/oz. then backing down. But can it maintain momentum and convincingly pass that level? It seems like some consolidation is is in order for the metal(s) and mining stocks. Whether or not that takes places from a higher level remains to be seen, but be prepared for a pullback. Regardless, unlike the most industries in the world where companies are struggling to maintain past levels of profitability, the gold miners are seeing a great margin expansion…

Gold & Silver Seeker Report: This Week in Mining Issue #19: Gold Holding Strong, Drill Results, Royalties & Streams

With the gold price refusing to be knocked down below the $1,700/oz. level, it finished the weak above $1,750 [spot] and looks to be building a base, readying for its next leg higher. With continued monetary and fiscal malfeasance, showing no signs of abating anytime soon, it Is only a matter of time until new all-time highs in gold are reached. This will bode very well for the mining stocks. The trend higher is intact but the complex should get a boost once Q3 earnings are released, as most…

SilverCrest Metals Provides Corporate Update

SilverCrest Metals, $SILV, continues to advance its flagship Las Chispas project toward a production decision. SilverCrest has already secured the vast majority, if not, all funding for development of Las Chispas toward production. The company continues its aggressive exploration program with eight exploration drills operating, advancing underground development 10-15 meter per day. The company will target 70k meters of drilling in the 2H 2020, focused on high-grade resources…

Gold & Silver Seeker Report: This Week in Mining Issue #18: Will Gold Finally Break Resistance? and Another Bidding War

With National debt now well passed $26T and total debt pushing $80T (public & private) and the massive monetary inflation (not consumer Price inflation) that has taken place over the 3-months, gold should be well past $2k/oz. Unlike 2008, all this inflation won't simply be more or less idle in bank reserves [notably excess reserves] or show up primarily in asset prices, rather a significant amount was helicopter money, which will work its way into consumer prices rather quickly. For a lack of a…

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