loading
loading

Silver, Gold, Debt and Taxes

September 23, 2014
By Chris Mullen, Chief Content Manager

I’m convinced – we can’t escape debt and taxes. Essentially all currency is created as debt, and our financial system creates more debt and more currency into circulation every day. Taxes are insufficient to pay the massive expenditures that our politicians deem essential, so our national, state and local governments fall deeper into debt every year. I think we can all agree - expect more debt and more taxes.

Silver Market Morning

September 24, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,222.90 up$7.60 on Tuesday in New York. In Asia and London, gold prices rose to $1,227. The gold price was Fixed at $1,224.00 down $1 and in the euro at €952.826 up 1.813, while the euro was weaker at $1.2846. Ahead of New York’s opening, gold was trading at $1,225.10 and in the euro at €953.31.

Shanghai Silver Stocks Continue To Fall As Silver Eagle Sales Explode Higher

September 24, 2014
By Chris Mullen, Chief Content Manager

As the manipulated paper price of silver heads lower, so are the silver inventories as the Shanghai Futures Exchange. The silver stocks hit an all-time low today as the price of silver trades in the $17 range. At the peak, the Shanghai Futures Exchange held 1,143 metric tons of silver. However, today only 7% of that record amount remains.

Silver Market Morning

September 25, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,217.20 down $5.70 on Wednesday in New York. In Asia and London, gold prices fell to $1,2o8.6 as the euro buckled more than a cent lower to $1.2724. The gold price was Fixed at $1,210.50 down $13.50 and in the euro at €950.605 down €2.221, while the euro was much weaker at $1.2734. Ahead of New York’s opening, gold was trading at $1,209.60 and in the euro at €950.83.

Poor Man’s Gold!

September 25, 2014
By Chris Mullen, Chief Content Manager

Silver is the Rodney Dangerfield of the precious metals. It gets no respect. Maybe this chart says why. The price noted in the chart above is as of the end of August. Today it is lower around $17.80. On an inflation-adjusted basis, silver is trading around where it was in either the late 1800’s or “heavens above” back around 1780. Some improvement. Outside of a good run in the mid-1800’s and the famous Hunt Brothers spike into 1980 silver has actually been in a long-term downtrend on an…

Silver Market Morning

September 26, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,22.00 up $3.80 on Thursday in New York. In Asia and London, gold prices rose to $1,225.60 as the gold price broke away from the falling euro, which now stands at $1.2731. The gold price was Fixed at $1,213.75 up $13.75 and in the euro at €953.382 up €2.777, while the euro was much weaker at $1.2731 and after a short Fix. Ahead of New York’s opening, gold was trading at $1,223.30 and in the euro at €959.98.

SilverCrest Updates Santa Elena Mine Transition

September 26, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (the "Company")(SVL.TO)(NYSE MKT:SVLC) is pleased to provide an update for the transition of the Santa Elena Mine in Sonora, Mexico from open pit heap leach to underground mining and milling operations. Activities at the mine are now moving from capital intensive expenditures for the overall Expansion Plan to operating costs and sustaining capital expenditures for underground development with emphasis on generating free cash flow through continued strict cost controls…

Market Report: $1200 for gold underpinned by physical demand

September 26, 2014
By Chris Mullen, Chief Content Manager

This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon. Silver's moves tracked gold's, bottoming out at $17.30 yesterday at the London opening. This morning precious metals are firmer in pre-LBMA trade, reflecting some short-covering ahead of the weekend.

Gold, Silver, Fish Lines, and Rhino Horns

September 26, 2014
By Chris Mullen, Chief Content Manager

Buy fish line patterns, sell rhino horn patterns, and trust that politicians and bankers will continue to borrow and spend money that must be “printed” in ever-increasing quantities. Example: Official national debt increased by $1,013,588,000,000 in the one year from Sept. 23, 2013 to Sept. 22, 2014.

May US Mint Silver Eagle Sales: 2.875 million ounces, +1.355M vs April

June 03, 2012
By Chris Mullen, Chief Content Manager

May US Mint Silver Eagle Sales: 2.875 million ounces, +1.355M vs April

Silver Market Morning

September 29, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,217.5 down $4.50 on Friday in New York. In Asia and London, gold prices rose to $1,218 as the euro lurched another half cent lower against the U.S. dollar, which now stands at $1.2681. The gold price was Fixed at $1,217.75 up $4.00 and in the euro at €960.674 up €7.319, while the euro stood at $1.2676. Ahead of New York’s opening, gold was trading at $1,219.70 and in the euro at €961.80.

Fortuna Silver Increases Silver in Reserves by 26% and Silver in Inferred Resources by 67% at San Jose Mine, Mexico

September 30, 2014
By Chris Mullen, Chief Content Manager

Fortuna Silver Mines Inc. (FSM)(FVI.TO)(FVI)(F4S.F) is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. The Mineral Reserve estimate is based on San Jose's latest Mineral Resource estimate (see Fortuna news release dated August 27, 2014).

Now might be a good time for miners to call a press conference

September 30, 2014
By Chris Mullen, Chief Content Manager

With silver prices going down, down, down, now might finally be the time for the “movers and shakers” in the mining and precious metals communities to call a major press conference to make their case and actually defend themselves from the years-long assault on their businesses.

The Single Most Important Lesson from the Casey Summit

October 01, 2014
By Chris Mullen, Chief Content Manager

At our San Antonio summit, Rick Rule gave a talk that, as always, was well reasoned, packed with facts, and powerfully cogent. His message was simply that bear markets are for buying and bull markets are for selling—and in the future, resource investors with staying power would look back on the current market as “the good old days” when they were able to buy great stocks cheap.

Q2 2014 Primary Silver Miner Update: Increased Production… Falling Profits

October 01, 2014
By Chris Mullen, Chief Content Manager

The Primary Silver Mining Industry continues to suffer from manipulated low metal prices. Although, the prices of the precious metals finally turned around and are trading higher today as the broader markets get hammered — a welcome change.

Santacruz Silver Closes US$28.4M Funding

October 02, 2014
By Chris Mullen, Chief Content Manager

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that it has finalized and closed the US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC ("the Agreement") previously announced on September 18, 2014. The funds will be used to advance the development of the Company's second project, San Felipe, in Sonora State, Mexico.

Gold to Silver Ratio - Sentiment

October 02, 2014
By Chris Mullen, Chief Content Manager

The gold to silver ratio (GSR) acts like a sentiment indicator. When the GSR is low both gold and silver are usually running upward and strong. When the ratio is high, like now (Sept. 30, 2014), gold and especially silver are priced low and disinterest is nearly universal.

Market Report: Failing economies and the quarter-end

October 03, 2014
By Chris Mullen, Chief Content Manager

Precious metals have faced adverse weather as evidence mounts that major economies may be sliding into recession.

Silver arbitrage?

October 07, 2014
By Chris Mullen, Chief Content Manager

Silver closed last week under $17 for the first time in 4 years. Maybe we have in store another "event" like 2008, 2011 or 2013 where the "price" gets forced down which explodes demand to a point where shortages again show up? I have written several times before how a shortage should never ever show up in any real market if prices crash because of "selling". If real silver were in fact being sold then the market would be awash in silver and no shortage could exist. ...The last 3 episodes…

Silver Market Morning

October 08, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,210.60 down nearly $7 since last Monday. We missed a fall to the third bottom at below $1,180/90 during the week of our absence. But Asia followed on with the recovery rising to $1,218 in Asia and early London. This level takes it back to where it was a week ago. The euro has fallen during the week to $1.2645 only 0.0036 lower, despite efforts by the Bundesbank to hold it higher, going against E.C.B. wishes. The gold price was Fixed at $1,220 and in the euro at €963…

Newsletter Signup

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!