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Silver Market Morning

March 24, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,332.90 up $5.90 on Friday in New York. Asia and London took it down to $1,324. The gold price was Fixed in London at $1,322.00 down $16.50. In the euro, it Fixed at €960.337 down €9.872 as the dollar stood at $1.3766 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,323.10 and in the euro at €960.96.

SilverCrest Announces 2013 Financial Results; Cash Flow From Operations of US$26.1 Million ($0.24 Per Share); Net Earnings US$8.5 Million ($0.08 Per Share)

March 24, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company" or "SilverCrest") is pleased to announce its audited consolidated financial results for the fourth quarter and year ended December 31, 2013. The fourth quarter and 2013 year end financials results reflect a one-time non-cash deferred tax accounting adjustment of $5.8 million as a result of the enactment of the Mexican Tax Reform.

Silver Market Morning

March 25, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,309.50 down $23.40 on Monday in New York. Asia and London lifted it to $1,315. The gold price was Fixed in London at $1,314.75 down $7.75. In the euro, it Fixed at €951.821 down €8.516 as the dollar stood at $1.3813 down from $1.3766: €1. Ahead of the opening in New York gold stood at $1,316.00 and in the euro at €952.69.

Silver Market Morning

March 26, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,311.80 up $2.30 on Tuesday in New York. Asia and London lifted it again to $1,315. The gold price was Fixed in London at $1,314.50 down $0.25. In the euro, it Fixed at €952.743 up €0.922 as the dollar stood at $1.3800 up from $1.3813: €1. Ahead of the opening in New York gold stood at $1,315.20 and in the euro at €953.18.

Excellon updates mineral resource estimate for the Platosa Mine

March 26, 2014
By Chris Mullen, Chief Content Manager

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report an updated mineral resource estimate (as at December 31, 2013 ) on its 100%-owned Platosa Mine in Durango State, Mexico.

Silver Market Morning

May 15, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,558.60 down $23 and held there in Asia as the selling seemed to have stopped for the moment. The euro stood at €1: $1.2863. This morning in London, gold Fixed at $1,559.00 down $5 and in the euro at €1,213.607 the same as yesterday. Ahead of New York’s opening it started to bounce and stood at $1,559.55 and in the euro, which also continued to slip, €1,212.90 while the euro was at €1: $1.2858.

Should I bet the house on silver?

March 26, 2014
By Chris Mullen, Chief Content Manager

A life event recently tested how strong my convictions are on the question of where silver and gold prices are headed in the next 12 or so months. What happened is I received notice from a tenant of mine informing me he is not renewing his lease when it expires at the end of May.

May Silver Has Slipped Off Another Ledge

March 27, 2014
By Chris Mullen, Chief Content Manager

Sellers did some damage to the hourly chart yesterday, opening a path to the 19.075 downside target shown, or perhaps to 18.930 if any lower. There will be a last-ditch opportunity for this vehicle to turn higher from 19.875, the Hidden Pivot target of a lesser pattern. Please be aware, however, that a rally first to its midpoint sibling, 19.875, can be shorted cautiously. For information about Rick’s proprietary trading system and the upcoming Hidden Pivot/Camouflage Webinar in April, along…

Excellon reports 2013 annual and fourth quarter financial results

March 27, 2014
By SilverSeek

"During 2013, and particularly during the third quarter, we demonstrated our ability to generate cash flow at Platosa despite the significant decrease in silver prices," stated Brendan Cahill, President and Chief Executive Officer. "The biggest impact on our profitability was the significant volatility in the silver price, particularly during the second and fourth quarters. We have now taken steps to reduce the effect of these fluctuations and we are confident that these adjustments will…

March 27: Gold Slips But Miners Gain

March 27, 2014
By Chris Mullen, Chief Content Manager

Gold fell $10.29 to $1289.32 at about 3PM EST before it rallied back higher in the last hour of trade, but it still ended with a loss of 0.65%. Silver slipped to as low as $19.609, in London, but it then chopped back higher in New York and ended unchanged on the day.

Silver Market Morning

March 28, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,292.50 down $8.50 on Thursday in New York. All the falls in the last week have happened in New York, but on thin trade. Asia lifted it to $1,296. London then held it at $1,295 at the opening. The gold price was Fixed in London at $1,295.75 up $0.75. In the euro, it Fixed at €944.149 up €2.057 as the dollar stood at $1.3724 up from $1.3846: €1. Ahead of the opening in New York gold stood at $1,295.40 and in the euro at €943.07.

A Golden Opportunity Coming in Silver

March 28, 2014
By Chris Mullen, Chief Content Manager

Silver has been in a bear market for almost three years and the recent lack of strength suggests the metal could be headed for new lows. New lows are always bearish until the last one. Our technical work suggests that we should watch for a final low and end to the bear market in the coming months.

Silver Market Morning

April 01, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,283.30 down $9.40 on Monday, after a week where the $1,290 level was the consolidation point, in New York. Asia lifted the price $3 on Tuesday morning as the start of the new month began. London took it down to $1,293.50 at the opening. The gold price was Fixed in London at $1,286.50 down $7.50. In the euro, it Fixed at €932.449 down €7.412 as the dollar stood at $1.3797 down from $1.3777: €1. Ahead of the opening in New York gold stood at $1,288.00 and in…

Gold versus Silver

April 01, 2014
By Chris Mullen, Chief Content Manager

First, silver tends to perform better than gold -- causing the gold/silver ratio to decline -- during the late stages of intermediate-term precious-metals rallies and especially during the late stages of cyclical precious-metals bull markets. It does so for the same reason that highly-speculative junior gold-mining stocks tend to be much stronger than their larger/lower-risk counterparts during the late stages of multi-year advances. As a rally progresses, speculators are emboldened to take…

Silver Market Morning

April 02, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,280.50 down $2.80 on Tuesday, in New York. Asia lifted the price $4 on Wednesday morning. London held it there at the opening. The gold price was Fixed in London at $1,284.00 down $2.50. In the euro, it Fixed at €93o.907 down €1.542 as the dollar stood at $1.3793 up from $1.3797: €1. Ahead of the opening in New York gold stood at $1,283.70 and in the euro at €930.86.

Silver Market Morning

April 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,292 up $7.50 on Wednesday, in New York. Asia held the price there on Thursday morning. London took it down $5. The gold price was Fixed in London at $1,287.25 up $3.25. In the euro, it Fixed at €935.094 up €4.187 as the dollar stood at $1.3766 up from $1.3793: €1. Ahead of the opening in New York gold stood at $1,286.65 and in the euro at €934.79.

Santacruz Silver Mining Ltd.: Corporate Update and Appointment of Investor Relations Manager

May 15, 2012
By Chris Mullen, Chief Content Manager

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (TSX-V: SCZ) Santacruz is pleased to report significant progress at its Rosario project, located in the historical mining district of Charcas, San Luis Potosi, Mexico. In August 2011 the Company signed an option agreement with Compania Minera Nukay, S.A. de C.V. a subsidiary of Goldcorp Inc. to purchase a mill with a capability of 500 tonnes per day. The mill, which is currently being disassembled will be moved to the property within…

Silver Market Morning

April 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,286.30 down $5.70 on Thursday, in New York. Asia held the price there on Friday morning, before London lifted it over $1,290 ahead of the Fix. The gold price was Fixed in London at $1,293.50 up $6.25. In the euro, it Fixed at €943.747 up €8.653 as the euro was weaker at $1.3706 up from $1.3766: €1. Ahead of the opening in New York gold stood at $1,291.40 and in the euro at €941.97.

Market Report: Quarter-end distortions in the gold market

April 04, 2014
By Chris Mullen, Chief Content Manager

The gold price continued last week's fall into Monday, which was the end of the first quarter of 2014. Since then having reached a low point of $1278 in New York trading, gold rallied to a high of $1294 on Tuesday before weakening on Thursday morning.

Fortuna Adopts Advance Notice Policy and Majority Voting Policy

April 07, 2014
By Chris Mullen, Chief Content Manager

Fortuna Silver Mines Inc. (the "Company") (FSM)(FVI.TO)(FVI.TO)(F4S.F) announces that its Board of Directors (the "Board") has adopted an Advance Notice Policy and a Majority Voting Policy with respect to the election of directors.

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