• Gold: 1,604.76 15.91
  • Silver: 14.39 0.46
  • Euro: 1.090 -0.005
  • USDX: 99.682 0.206
  • Oil: 22.23 1.08

Silver and Sanity

19 hours 9 min ago

Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

July 10: Gold and Silver Edge Lower

Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0.21%. Silver slipped to as low as $15.905 and ended with a loss of 0.31%.

July 9: Gold and Silver Gain with Stocks

Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended with a gain of 0.25%. Silver rose to as high as $16.212 and ended with a gain of 0.50%.

July 3: Gold and Silver Gain Over 1%

Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%.

July 2: Gold and Silver Fall Roughly 1%

Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a loss of 0.98%. Silver slipped to as low as $15.769 and ended with a loss of 1.49%.

Silver Bull Market Is Almost Here

If the comparison to the 1980s pattern is justified, and the current pattern continues in a similar fashion, then silver will go into a long bear market. If the current fractals diverge from the 1983 fractals by going higher than the point 5 price-level, then the bull market will resume with vigour. In the short-term for a bull market scenario, the price needs to clear the top line of the flag or pennant-type pattern that has formed since point 5, and avoid dropping below the bottom red line.

June 29: Gold and Silver Fall Over 1% and 2% on the Week

Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.

Can silver rally without gold?

The article titled “Silver’s Critical Role In Electrification May Fuel Its Rise” contains some interesting comments about the silver market, but with one minor exception the information presented in this article has no bearing on silver’s risk/reward as a speculation or investment. The minor exception is the high (by historical standards) gold/silver ratio, which suggests that the silver price is likely to rise relative to the gold price over the next few years. However, none of the information about silver ‘fundamentals’ presented in the article is relevant to the silver price.

June 28: Gold and Silver Fall A Fourth Day

Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.29%. Silver slipped to as low as $15.922 and ended with a loss of 0.31%.

June 27: Gold and Silver Drop Further

Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and ended near its late session low of $1250.90 with a loss of 0.56%. Silver slipped to as low as $15.971 and ended with a loss of 1.53%.

June 26: Gold and Silver Fall Again

Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York, but it still ended with a loss of 0.55%. Silver slipped to as low as $16.148 and ended with a loss of 0.31%.

June 25: Gold and Silver Edge Lower While Stocks Tumble

Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ended with a loss of just 0.35%. Silver slipped to as low as $16.27 and ended with a loss of 0.67%.

June 22: Gold and Silver Fall Almost 1% on the Week

Gold gained $3.60 to $1271.00 in Asia before it chopped back to $1267.00 in London, but it then edged back higher in New York and ended with a gain of 0.22%. Silver rose to as high as $16.482 and ended with a gain of 0.92%.

June 21: Gold Dips While Silver Holds Steady Again

Gold dropped $8 to $1261.50 by a little after 8AM EST before it rallied back higher throughout most of trade in New York, but it still ended with a loss of 0.17%. Silver fell to $16.18 in Asia before it rallied to as high as $16.358 in early afternoon New York trade and then edged back lower into the close, but it still ended with a gain of 0.06%.

Silver Could Provide Great Opportunity To Bank And Grow Stock Market Profits

The relationship between silver and the Dow is such that significant Dow peaks are often followed by significant silver rallies. It is for this reason that silver can provide a great opportunity to bank Dow profits and even grow them much bigger.

How to Trade in Silver

Before I write anything on silver, I must admit that I have been a silver bull ever since I started analyzing silver. I continue to be a very long term silver bull. I am unfazed by silver’s bearish trend over the past few years. I personally invest only in physical silver. I like to trade in physical silver. I am against investing in a silver ETF or any metals ETF. I must thank my friends in Kucha Mahajani Delhi (the gold and silver market in the heart of delhi) for forcing me to analyze silver before MCX opened in India. I started analyzing gold only after MCX opened in India.

June 20: Gold Dips While Silver Holds Steady

Gold dipped $4.20 to $1271.30 in London before it bounced back to $1276.20 in morning New York trade, but it then fell back off into the close and ended with a loss of 0.47%. Silver slipped to as low as $16.252 and ended unchanged on the day.

June 19: Gold and Silver Find Slight Losses Again

Gold gained $5.60 to $1284.00 in Asia before it fell back to $1270.60 in London, but it then bounced back higher in New York and ended with a loss of just 0.23%. Silver dipped to as low as $16.237 before it also climbed back higher in New York, but it still ended with a loss of 0.85%.

June 18: Gold and Silver Edge Lower

Gold waffled between $1282.40 and $1277.10 and ended with a loss of 0.16%. Silver chopped between $16.624 and $16.418 and ended with a loss of 0.9%.

June 15: Gold and Silver Fall Over 1% on the Week

Gold fell $27.40 to as low as $1275.40 at about 1:30PM EST before it bounced back higher into the close, but it still ended with a loss of 1.71%. Silver slipped to as low as $16.455 and ended with a loss of 3.49%.

June 14: Gold and Silver Gain with Dollar While Euro Plummets

Gold gained $9.10 to $1309.20 at about 8:30AM EST before it chopped back lower for most of the rest of trade, but it still ended with a gain of 0.21%. Silver rose to as high as $17.305 and ended with a gain of 0.70%.

June 13: Gold and Silver Close Higher After Mixed Fed Reaction

Gold dipped $3.50 to $1292.60 in Asia before it bounced back to $1299.00 by late morning in New York and then fell back to $1292.90 after today’s fed statement, but it then shot up to a new session high of $1301.00 in the last minutes of trade and ended with a gain of 0.31%. Silver climbed up to $16.992 before it also dropped in early afternoon trade, but it then jumped to a new session high of $17.106 and ended with a gain of 1.25%.

Defiance Acquires Mag Silver's Zacatecas Silver District Holdings; Mag Becomes Strategic Shareholder

Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to announce that it has entered into a binding agreement to acquire MAG Silver's Zacatecas Silver District holdings. As consideration for the sale, MAG will acquire 5,000,000 common shares of Defiance representing an approximate 5% strategic investment position. Defiance will receive a 100% interest in MAG's Lagartos Project along with a significant regional exploration database covering 135,000ha stretching from the Zacatecas to the Fresnillo Silver Districts.

Silver Shares? Nobody Cares.

Almost nothing happened on the precious metals market yesterday, or at least that may seem to be the case as the first sight. And that’s true if one doesn’t count the spike in GLD’s volume, but there was something else that actually should have caught one’s attention and it probably wasn’t the case for many gold traders. Silver stocks just broke to new monthly low. What does this tell us?

June 12: Gold and Silver Fall Before Fed Day

Gold dipped $7.20 to $1293.20 in early New York trade before it bounced back to $1299.60 by late morning, but it then drifted back lower into the close and ended with a loss of 0.33%. Silver slipped to as low as $16.734 before it rallied back to $16.946, but it then chopped back lower in afternoon trade and ended with a loss of 0.41%.

June 11: Gold and Silver Gain with Stocks and Oil

Gold gained $2.60 to $1301.10 in Asia before it fell back to $1294.20 in London, but it then climbed to a new session high of $1302.10 by late morning in New York and ended with a gain of 0.15%. Silver chopped between $16.748 and $16.939 and ended with a gain of 1.01%.

Silver Investors' Declaration of Independence From Rigged Exchanges

Individual silver investors around the world have had enough of the manipulation and market rigging that takes place in the silver market exchanges. The COMEX and LBMA are the largest and most corrupt of these exchanges. These exchanges collude with the large bullion banks to destroy all other participants in the silver market and it is now TIME to remove ourselves from their control. We call on all silver investors from around the world to REMOVE yourselves from "their" exchanges and purchase physical silver ONLY in a form that is OUTSIDE of their control. The following is our Declaration of Independence...

Silver Market Change Report 5 July, 2015

The prices of the metals drooped further this shortened week (Friday was a holiday in the US, as the Fourth of July, Independence Day, occurred on Saturday). The S&P 500 index also fell this week, as did crude oil.

Mint suspends American Silver Eagle sales

We have received word through an industry source that the U.S. Mint temporarily suspended sales of American Silver Eagles due to strong investor demand. It intends to resume sales in two weeks. The Mint sent out an announcement to this effect earlier today.

U.S. Mint sold out of silver coins due to strong demand

The U.S. Mint said on Tuesday it temporarily sold out of its popular 2015 American Eagle silver bullion coins due to a "significant" increase in demand, the latest sign plunging prices have spurred a resurgence of retail buying.

Silver Market Morning

New York closed at $1,155.80 down $13.10 with Asia and London holding it there. The dollar was weaker at $1.1038 against the euro from $1.0970 and the dollar Index was lower at 96.45 down from 96.87. The LBMA gold price was set this morning at $1,154.25 down $12. The euro equivalent was €1,045.71 down €17.22. Ahead of New York’s opening, gold was trading in London at $1,155.10 and in the euro at €1,046.14.

The Fuse Has Been Lit

This is what selective capital controls look like. A colleague asked me just now if the NYSE had resumed trading yet (2:15 p.m. EST). I replied: “Does it really matter? It’s irrelevant. The fuse has been lit. This is the start of capital controls. It’s no different from what China is doing. Just wait till they start lowering the gate on mutual funds…then banks….”

Train Wrecks Past & Future

BETWEEN DENIAL AND DELUSION LIES A THIN ZONE OF CLARITY. In that zone of clarity we realize that train wrecks occur, printing money only increases the wealth of the political and financial elite, our financial leaders have created bubbles in stocks, bonds, and currencies, bubbles always pop, AND BUBBLES DO NOT POP PAINLESSLY.

SilverCrest Announces Record Production of 1.62 Million Silver Eqv. Ounces in Q2; Increases 2015 Production Market Guidance

SilverCrest Mines Inc. ("SilverCrest" or the "Company") is pleased to announce record silver and gold production results for the second quarter ("Q2") of 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico . When Q2 production is added to Q1, Santa Elena production for the six months ("H1") ending June 30, 2015 has reached 1,146,694 ounces of silver and 27,392 ounces of gold, or 2,973,738 silver equivalent ("AgEq"(3)) ounces.

How to Obtain Silver Coins and Rounds in Short Supply

There are two kinds of constraints when it comes to supply in the physical markets, and anyone building a position in physical metal needs to know the difference. The first type is temporary. The other signals a sea change, the rush for physical metal going mainstream. When it happens, it’ll be “go time” in the physical markets. The time get your hands on products widely available at low premiums will be over.

Another Comex Oddity

I'd like to draw to your attention today to something that relates to the recent stories of "silver supply tightness". As you know, there is all sorts of anecdotal evidence being reported of retail physical silver supply tightness. I'd like to show you something extremely unusual that may be the first sign of a wholesale supply tightness.

Take the Low Risk Road

The S&P 500 Index has hit numerous new highs in the past three years. Note the log-scale graph below and the broken support lines from 2000 and 2007. The current support line, depending on where it is drawn, is on the verge of breaking.

Extremes become more extreme

Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European trade this morning. This is close to the lowest prices we have seen since 2010. At the same time equities have rallied strongly and the S&P 500 Index is within a whisker of its all-time high.

David Morgan Talks Silver

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

Gold, Silver, Equities: Megaphone Patterns

Examine the 20 year log scale chart of monthly gold. I have drawn lines connecting highs and lows. The result is an expanding channel or megaphone pattern. The increasing prices are exponential (log scale chart) because of exponential increases in debt, money supply, and Keynesian craziness, although I have no graph to prove the latter.

Silver Market Morning

On Monday New York closed at $1,094 down $6. The dollar was almost unchanged at $1.1062, with the dollar Index slightly higher at 96.77 from 96.72. This morning the LBMA gold price was set at $1,095.60. The euro equivalent was €990.60 down from €992.50 yesterday. Ahead of New York’s opening, gold was trading in London at $1,092.60 and in the euro at €990.57.

Gold & Silver Money has Devolved into Debt and Plastic

Eventually the gold and silver certificates disappeared and Federal Reserve Notes replaced them. The Federal Reserve Notes looked similar to gold and silver certificates, but sadly, they were nothing more than a piece of paper that represented a loan from (hence the word “note”) or obligation of the United States, issued by the Federal Reserve.

Upticks in Silver Demand Seen in First Half of 2015

Through the first half of this year, silver experienced increased demand for jewelry and important industrial applications, two signals of demand growth for this most versatile of metals.

Wrapping Up July Comex Silver Deliveries

Again, I can't overstate how unusual this is and how different it is from the norm. In a "normal" month where total deliveries came in at 85%, we would have seen about 2,300 total deliveries. Instead, we saw 3,637. Therefore, we're left to conclude that and additional 1,300 contracts were demanded for immediate delivery in July. This means that someone or something funded their account with 100% margin, jumped the "queue" and demanded immediate delivery of 6,500,000 ounces of silver. At prices ranging around $15/ounce, that's nearly $100,000,000.

The Silver Manipulation Con Continues at the Highest Levels of Government

The US Mint is not a very good liar. They are manipulating their sales data to stifle silver investor sentiment. My fight with the US Mint goes back 7 years. I wrote them in June 2008 to point out that stopping production of the US Silver Eagles was AGAINST THE LAW because the law required them to produce SAE's "in quantities sufficient to meet public demand." Since that time, and through my continual pestering over the years, they CHANGED THE LAW to make the US Treasury Secretary the one who decides if the coins are being produced to meet demand and only he has the power to stop or limit production.

Investment Silver Demand Draining COMEX Vaults

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.

Leaving the Information Grid

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Silver and Gold: The Triumph of Experience over Hope

Rather than discuss the triumph of experience over hope regarding hard money, honest politicians, and free market economics, let’s look at the OPPOSITE.

The EPA's Polluted River

The U.S. Environmental Protection Agency's massive spill of arsenic-laden contaminants into Colorado's Animas River (literally, from the Spanish, River of Souls) a week ago has all the makings of a slow-speed softball pitched at this relentless critic of EPA's hubris, bullying and unscientific bullshite.

Desolation Row: the Silver Market

Silver peaked in 1980 and then crashed into “Silver Desolation Row” in 1999 – 2001, like now. The 1970s decade was the time for commodity price increases and inflation. The 1980s and 1990s saw a preference for paper assets and stocks, while commodities, gold, and silver prices collapsed.

Silver Cycle Low - Now

The price of silver has been crushed during the last four years. Prices are ready to reverse. We will know soon enough after the High-Frequency-Traders have their way with prices for paper silver and gold on the CME.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

Hecla Responds to U.S. Silver Board Recommendation; Urges U.S. Silver Shareholders to Take Immediate Action to Stop the RX Proposal

Hecla Mining Company (HL) (“Hecla”) today responded to the U.S. Silver Corporation (“U.S. Silver”) Board of Director’s recommendation regarding Hecla’s offers to acquire all of the outstanding common shares for CDN$1.80 per common share in cash and to acquire each outstanding common share purchase warrant for CDN$0.205 (its “in the money” amount based on such price per common share) (together, the “Hecla Offer”).

COMEX Silver Inventory Update: -1,989,148.900 ounces

COMEX Silver Inventory Update: -1,989,148.900 ounces

Silver Market Morning

Gold closed in New York at $1,622.10. London nearly the same at $1,622 and was Fixed at $1,622.75 as the euro remained the same as yesterday at €1: $1.2274. In the euro it was Fixed at €1,323.290 up €5.5 on yesterday morning. Ahead of New York’s opening gold continued rising and was at $1,624.50 in the middle and in the euro at €1,323.21.

iShares Silver Trust: 9,639.42 tonnes

iShares Silver Trust: 9,639.42 tonnes

COMEX Silver Inventory Update: +128,955.620 ounces

COMEX Silver Inventory Update: +128,955.620 ounces

July 31: Gold and Silver End Modestly Lower

Gold dipped $2.50 to $1619.60 in Asia before it rebounded to $1627.75 at about 8:45AM EST, but it then fell back off for most of the rest of trade and ended near its early afternoon low of $1610.84 with a loss of 0.54%. Silver slumped to as low as $27.89 and ended with a loss of 0.92%.

COMEX Silver Inventory Update: +545,467.060 ounces

COMEX Silver Inventory Update: +545,467.060 ounces

iShares Silver Trust: 9,759.01 tonnes

iShares Silver Trust: 9,759.01 tonnes

COMEX Silver Inventory Update: +1,306,257.930 ounces

COMEX Silver Inventory Update: +1,306,257.930 ounces

August 6: Gold and Silver Gain With Stocks

Gold climbed to as high as $1615.00 by late morning in New York before it fell back off a bit in afternoon trade, but it still ended with a gain of 0.52%. Silver surged to as high as $27.985 and ended with a gain of 0.5%.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

COMEX Silver Inventory Update: -2,298,651.267 ounces

COMEX Silver Inventory Update: -2,298,651.267 ounces

August 7: Gold and Silver Gain With Stocks Again

Gold waffled near unchanged in Asia before it rallied to as high as $1618.00 in London, but it then fell back to as low as $1609.18 in afternoon New York trade and ended with a gain of just 0.02%. Silver slipped to $27.75 in Asia before it rallied up to $28.21 in London and then also fell back off a bit in New York, but it still ended with a gain of 0.68%.

COMEX Silver Inventory Update: -445,150.782 ounces

COMEX Silver Inventory Update: -445,150.782 ounces

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

COMEX Silver Inventory Update: -8,335.691 ounces

COMEX Silver Inventory Update: -8,335.691 ounces

August 13: Gold and Silver Fall With Stocks

Gold edged up to $1625.43 in London, but it then fell to as low as $1607.58 in early afternoon New York trade and ended with a loss of 0.75%. Silver slipped to as low as $27.73 and ended with a loss of 1.28%.

Silver Hoard Near Record as Hedge-Fund Bulls Recoil

At a time when hedge funds are the least bullish on silver in almost four years, investors’ holdings are near a record, siding with the analysts predicting a rally as central banks move to bolster growth.

Silver Market Morning

New York gold closed at $1,608.3 down $12. London took gold up to $1,614 and it Fixed at $1,614.50 as the euro stood at €1: $1.2366. In the euro it was Fixed at €1,305.596 down €6 on yesterday afternoon. Ahead of New York’s opening gold slipped slightly at $1,613.00 in the middle and in the euro at €1,305.33.

iShares Silver Trust: 9,742.43 tonnes

iShares Silver Trust: 9,742.43 tonnes

COMEX Silver Inventory Update: +791,190.450 ounces

COMEX Silver Inventory Update: +791,190.450 ounces

August 16: Gold and Silver Gain About 1%

Gold saw slight losses in Asia and waffled near unchanged in London, but it then climbed to as high as $1617.76 in New York and ended with a gain of 0.62%. Silver surged to as high as $28.275 and ended with a gain of 1.37%.

Silver Market Morning

New York gold closed at $1,614.00 up $9.90. Asia and London whipped it up to $1,618.45 early in the London day. Gold was Fixed at $1,616.50 up $13, as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.052 nearly the same as yesterday morning. Ahead of New York’s opening, gold was steady at $1,617.29 in the middle and in the euro at €1,307.64.

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