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Who should GAO believe - Ted Butler or Bart Chilton?

May 12, 2014
By Chris Mullen, Chief Content Manager

In a recent column, silver analyst Theodore Butler presented information that leaves him somewhat optimistic that the Government Accountability Office(GAO) is looking into the possibility that the silver markets might be rigged or manipulated.

Silver Market Morning

May 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.70 up $8 on Monday, in New York, after hitting $1,308 there. In Asia and London the gold price moved back to $1,291.55. The gold Fixing was set at $1,292.75 the same as yesterday and in the euro at €939.9o8 up €0.955 while the euro stood at $1.3754 slightly weaker. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €942.042.

Target 2 reached in Silver (Copper target reached)

May 17, 2012
By Chris Mullen, Chief Content Manager

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

First Majestic Reports First Quarter Financial Results

May 13, 2014
By Chris Mullen, Chief Content Manager

"After three years of aggressive capital spending to build and expand four of our silver operations, the Company is planning to take a short breather to focus on treasury growth and free cash flow. As the expansionary capital investments at both Del Toro and San Martin come to an end, we look forward to the increased production and improved efficiencies. We still have a lot of work ahead of us to accomplish our next goal of reaching 20 million ounces of production per year; however, given the…

Silver Market Morning

May 14, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,293.30 down $3.40 on Tuesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,300.25 up $7.50 and in the euro at €948.326 up €8.418 while the euro stood at $1.3711 nearly half a cent weaker. Ahead of New York’s opening the gold price stood at $1,301.50 and in the euro at €948.89.

Silver Was Not In a Bubble in 2011!

May 14, 2014
By Chris Mullen, Chief Content Manager

The bubble in silver and gold is coming – it did not occur in 2011.Expect stormy weather and higher silver and gold prices ahead.When?Ask the High-Frequency-Traders, JP Morgan, the Treasury department, or just wait for demand to overwhelm physical supply in the relatively near future.

SilverCrest Reports Q1 2014 Financial Results

May 14, 2014
By Chris Mullen, Chief Content Manager

“We are pleased with the steady start to 2014, for which operating costs and production were consistent with budget, although our financial performance compared to the first quarter of 2013 was impacted by lower metal prices. Our all-in sustaining cash costs per silver equivalent ounce sold (2) at $9.71 continues to makes us one of the lowest cost precious metal producers. With the commissioning of our new 3,000 tpd mill, SilverCrest is well positioned to continue to generate strong operating…

The End (of the Silver Fix) Is Nigh

May 15, 2014
By Chris Mullen, Chief Content Manager

For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using their position to manipulate the price. This would seem to be confirmation of widely held longstanding belief that the markets are rigged, the long-sought smoking gun.

Silver Market Morning

May 15, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,306.10 up $12.80 on Wednesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,303.75 up $3.50 and in the euro at €953.731 up €5.405 while the euro stood at $1.3700 weaker again. Ahead of New York’s opening the gold price stood at $1,304.20 and in the euro at €955.00.

Silver Market Morning

May 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,295.60 down $10.50 on Thursday, in New York. In Asia the price fell $3 ahead of London’s opening, but London held it there. The gold Fixing was set at $1,293.75 down $10.00 and in the euro at €943.173 down €10.588 while the euro stood at $1.3717. Ahead of New York’s opening the gold price stood at $1,294.60 and in the euro at €944.79.

Market Report: Firmer tone for gold and silver

May 16, 2014
By Chris Mullen, Chief Content Manager

This week started with a severe markdown in gold and silver prices when markets opened in the Far East on Monday morning, taking gold down $12 to $1278 and silver only 12 cents to $19.03. The clue in this was the resilience of silver, which hardly moved: it was an attack on the gold price presumably designed to take out stop-losses.

Silver Market Morning

May 19, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,293.1 down $2.50 on Friday, in New York. In Asia the price rose $3.6 ahead of London’s opening, but London took it over $1,300. The gold Fixing was set at $1,301 up $7.25 and in the euro at €948.666 up €5.493 while the euro stood at $1.3714. Ahead of New York’s opening the gold price stood at $1,300.2 and in the euro at €947.70.

Time Is the Trigger for Equities and Bullion: Charles Oliver

May 19, 2014
By Chris Mullen, Chief Content Manager

Charles Oliver, lead portfolio manager with the Sprott Gold and Precious Minerals Fund, believes the only thing between investors and bigger investment returns on precious metals equities and bullion, especially silver, is time. In this interview with The Gold Report, Oliver discusses silver and gold demand drivers, as well as portfolio ideas that figure to get bigger with time as the trigger.

Finding Opportunity in Silver, the Devil's Metal

May 17, 2012
By Chris Mullen, Chief Content Manager

Silver has been called the most volatile of metals. But volatility produces opportunity, according to Chris Thompson, a top-ranked StarMine analyst with Haywood Securities. In this exclusive interview with The Gold Report, Thompson forecasts a strong year-end for the devil's metal, despite price weakness so far in Q2/12.

Silver Market Morning

May 20, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,293.1 down $2.50 on Monday, in New York. In Asia the price dropped to $1,291 ahead of London’s opening, where London held it. The gold Fixing was set at $1,291.50 down $9.50 and in the euro at €943.458 down €5.208 while the euro stood at $1.3689. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €943.45.

I give us until January 2017...

May 20, 2014
By Chris Mullen, Chief Content Manager

The question many of us are asking is this: When is the you-know-what (economic event) going to (finally) hit the fan? In my opinion, TSHTF Event will occur in (plus or minus a few months) January 2017. Roughly 31 months (two and a half years) from now.

Silver Market Morning

May 21, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,293.00 unchanged from yesterday, in New York. In Asia the price held at that level as it did in London. The gold Fixing was set at $1,292.00 up $0.50 and in the euro at €942.653 down €0.805 while the euro stood at $1.3706. Ahead of New York’s opening the gold price was at $1,293.80 and at €944.07.

Silver Market Morning

May 22, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,290.50 $2.50 down from yesterday, in New York. In Asia the price rose to $1,295.20 and London held it there. The gold Fixing was set at $1,294.50 up $2.50 and in the euro at €945.926 up €3.273 while the euro stood weaker at $1.3685. Ahead of New York’s opening the gold price was at $1,296.00 and at €947.37.

COT Silver Report - May 23, 2014

May 23, 2014
By COT Silver Report, SilverSeek.com

COT Silver Report - May 23, 2014

Silver, Gold & the Macro

May 26, 2014
By SilverSeek

So why not realize that the precious metals are just another asset class that is in a holding pattern, pending further developments? Why not tune out the caricatures in the media that have been wrong for years now and understand gold’s real fundamentals and silver’s relationship to gold within the macro processes? Indeed, why do not gold and silver bugs just relax and wait for macro signals like the answer to the question ‘what is silver going to do in relation to gold?’

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