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Silver, Gold and Living by the Sword

July 15, 2014
By Chris Mullen, Chief Content Manager

It is said that, “If you live by the sword, you die by the sword.” Let’s expand the concept and confirm that ancient bit of wisdom. If you depend upon your sword for self-defense and aggression, you can reasonably expect that someday you will meet another swordsman who will slice your body and kill you.

Silver Market Update

May 22, 2012
By Chris Mullen, Chief Content Manager

The patterns forming in gold and silver are remarkably similar, and much of what has been written in the parallel Gold Market update applies equally to silver, so it will not be repeated here. The big question is "has silver finally bottomed?" - that is the question that we are going to attempt to answer in this update.

Silver Market Morning

July 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,294.10 down $12.60 on Tuesday in New York. In Asia and early London, prices again began to recover rising to $1,298 ahead of London’s opening. The gold price was Fixed at $1,297.50 down $14.50 and in the euro at €958.130 down €7.073, while the euro was weaker at $1.3542 and still falling. Ahead of New York’s opening, gold was trading at $1,298.20 and in the euro at €959.43.

Excellon reports second quarter 2014 production

July 16, 2014
By Chris Mullen, Chief Content Manager

TORONTO, July 16, 2014 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to announce second quarter 2014 production results from the La Platosa Mine in Durango, Mexico.

Sean Rakhimov: Upward Trend a Silver Investor's Friend

July 16, 2014
By Chris Mullen, Chief Content Manager

An upward trend is afoot in the silver space, says Sean Rakhimov, editor of SilversStrategies.com. Rakhimov believes that at $26/ounce the reversal of the downward trend in silver will be confirmed and silver investors should set their sights on the next resistance level—$32/ounce. And if that threshold is breached, silver will test $50/ounce and more. In this interview with The Gold Report, Rakhimov talks about trends in the silver space and what makes silver special.

Silver Market Morning

July 17, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,298.50 up $4.40 on Wednesday in New York. In Asia and early London, prices recovered to over $1,305 ahead of London’s opening. The gold price was Fixed at $1,302.75 up $5.25 and in the euro at €962.647 up €4.517, while the euro was weaker at $1.3533. Ahead of New York’s opening, gold was trading at $1,304.10 and in the euro at €964.00.

Santacruz Silver Announces Second Quarter 2014 Production Results

July 17, 2014
By Chris Mullen, Chief Content Manager

Santacruz Silver Mining Ltd. (SCZ.V) (the "Company" or "Santacruz") is pleased to announce second quarter 2014 production of 169,800 payable silver equivalent ounces from the Company's Rosario Mine in San Luis Potosi, Mexico . This production represents a 40% quarter over quarter increase as compared with Q1 2014 payable silver equivalent ounces and the Company remains on schedule to meet its production target of between 850,000 to 1,100,000 silver equivalent ounces by the year-end 2014.

SilverCrest Announces Q2 Production; 173,000 Ounces Silver and 3,995 Ounces Gold

July 17, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company") is pleased to announce silver and gold production results from its 100% owned Santa Elena Mine located in Sonora, Mexico, for the second quarter (Q2) of 2014. The Santa Elena Mine is currently transitioning from an open pit heap leach to a conventional 3,000 tonne per day (tpd) mill facility and underground operation. As a result, projected and actual production for the quarter were lower than that of the comparable quarter of 2013…

Silver Market Morning

July 18, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319.60 up $21.10 on Thursday in New York. In Asia and early London, prices retreated to $1,312 ahead of London’s opening. The gold price was Fixed at $1,310.25 up $7.50 and in the euro at €968.404 up €5.757, while the euro was slightly weaker at $1.3530. Ahead of New York’s opening, gold was trading at $1,311.30 and in the euro at €969.46.

Sharp consolidation

July 18, 2014
By Chris Mullen, Chief Content Manager

Before yesterday's (Thursday) rise in bullion prices, precious metals were in corrective mode this week after recent rises. There were two big stand-out sales of gold contracts on Monday, estimated to be about 5,000 contracts at the European opening, and 15,000 on the US opening. The combination of the two sales drove gold down over $30, and on Tuesday a further sale of 15,000 contracts drove the price down to a low of $1293 for a total fall of $45.

Gold and Silver Disaggregated COT Report (DCOT) for July 18

July 19, 2014
By Chris Mullen, Chief Content Manager

HOUSTON – The Commodity Futures Trading Commission (CFTC) released data for the disaggregated commitments of traders (DCOT) and Legacy “COT” reports for the week ending July 18, 2014. Our recap of the net positioning for large reporting futures traders is below, compared to the prior week’s data.

Silver Market Morning

July 21, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,310.50 down $9.10 on Friday in New York. In Asia and early London, prices rose to $1,315. The gold price was Fixed at $1,312.75 up $2.50 and in the euro at €970.754 up €2.35, while the euro was slightly weaker at $1.3523. Ahead of New York’s opening, gold was trading at $1,315.10 and in the euro at €972.20.

Huldra Silver Announces Receipt of Mines Act Permits and Amendment to Terms of Credit Facility

May 22, 2012
By Chris Mullen, Chief Content Manager

Huldra Silver Inc. (HDA.V) (the "Company" or "Huldra") is pleased to announce that the Company has received a Mining Lease and a British Columbia Mines Act Permit approving a mine plan and reclamation program for the Company's Treasure Mountain Mine along with an Amended Permit approving construction and operation of a process plant at the Company's mill site in Merritt, BC.

Silver Market Morning

July 22, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,312.90 up $2.40 on Monday in New York. In Asia and early London, prices fell back to $1,306. The gold price was Fixed at $1,307 down $5.75 and in the euro at €969.441 down €1.313, while the euro was slightly weaker at $1.3482 down nearly half a cent. Ahead of New York’s opening, gold was trading at $1,306.60 and in the euro at €969.22.

Calling Rush Limbaugh

July 22, 2014
By Chris Mullen, Chief Content Manager

If we gold and silver “stackers” are correct, very bad times are ahead for the global economy, developments that will almost certainly negatively impact the standard of living of virtually all people who live on our planet.

Silver Market Morning

July 23, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,306.50 down $6.40 on Tuesday in New York. In Asia and early London, prices rose to $1,308. The gold price was Fixed at $1,307.50 up $0.50 and in the euro at €971.036 up €1.595, while the euro was slightly weaker at $1.3465. Ahead of New York’s opening, gold was trading at $1,308.40 and in the euro at €971.42.

July 23: Gold and Silver End Slightly Lower

July 23, 2014
By Chris Mullen, Chief Content Manager

Gold edged up to $1311.11 at about 8:30AM EST before it chopped back down to $1303.16 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.12%. Silver spiked up to $21.045 before it dropped down to $20.896 and then also rebounded, but it still ended with a loss of 0.1%.

Silver Market Morning

July 24, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,304.90 down $1.60 on Wednesday in New York. In Asia and early London, prices fell to $1,297. The gold price was Fixed at $1,300.00 down $7.50 and in the euro at €964.678 down €6.358, while the euro was slightly stronger at $1.3476. Ahead of New York’s opening, gold was trading at $1,299.50 and in the euro at €964.59.

Silver smash preempts regularly scheduled column

July 24, 2014
By Chris Mullen, Chief Content Manager

Well, I was slaving away on Part 2 of my essay exploring one way “stacker issues” might finally go “mainstream” when I became distracted by the latest silver smashdown.

Rumors of Mexico Backing Peso With Silver False... You Might Not Believe What They Might Do Though

July 24, 2014
By Chris Mullen, Chief Content Manager

Last week a story began circulating that appears to have begun with a video by Future Money Trends (see here), which was then picked up by the SHTFPlan prepper blog and then picked up by others including Infowars indicating Mexico is looking to back the peso with silver.

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