• Gold: 1,284.50 4.60
  • Silver: 15.32 0.06
  • Euro: 1.136 -0.001
  • USDX: 96.315 -0.021
  • Oil: 52.88 -1.34

Arizona Legislator Proposes Securing State Reserves with Gold and Silver

3 hours 18 min ago

An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization Fund be held in the monetary metals in a secure depository.

November 14: Gold and Silver Jump 1%

Gold traded mostly higher in Asia before it dropped back to $1197.80 in London, but it then shot back up in New York and ended near its early afternoon high of $1216.30 with a gain of 0.85%. Silver slipped to as low as $13.894 in London, but it then climbed to as high as $14.19 in New York and ended with a gain of 1.14%.

November 15: Gold and Silver Gain with Stocks

Gold gained $4.30 to $1216.20 in Asia before it fell back to $1208.10 in London, but it then chopped back higher in New York and ended with a gain of 0.12%. Silver rose to as high as $14.347 and ended with a gain of 0.99%.

November 16: Gold and Silver Gain Nearly 1% and 2% on the Week

Gold jumped up to $1225.30 in midmorning New York trade before it pared back into midday, but it still ended with a gain of 0.71%. Silver rose to as high as $14.419 and ended with a gain of 0.84%.

November 19: Gold and Silver Gain While Stocks Drop

Gold fell $3.80 to $1218.10 in Asia, but it then rallied back higher in London and New York and ended near its early afternoon high of $1225.20 with a gain of 0.11%. Silver chopped between $14.35 and $14.44 and ended with a gain of 0.07%.

November 20: Gold Holds Steady While Stocks Drop 2% More

Gold chopped near unchanged in Asia before it climbed up to $1228.70 in London and then dropped to a new session low of $1220.00 by early afternoon in New York, but it then bounced back higher into the close and ended with a loss of just 0.07%. Silver edged up to $14.489 before it dropped back to $14.23 and then also rebounded, but it still ended with a loss of 0.69%.

November 21: Gold and Silver Gain with Oil

Gold saw slight losses in early Asian trade, but it then rose to as high as $1230.10 by midmorning in New York and ended with a gain of 0.24%. Silver rose to as high as $14.554 and ended with a gain of 1.12%.

November 26: Gold and Silver Hold Steady While Stocks Bounce Back

Gold gained $5.20 to $1228.00 in Asia before it chopped back lower in London and New York, but it ended with a loss of just 0.02%. Silver climbed up to $14.435 before it fell back to as low as $14.226 by early afternoon in New York, but it then bounced back higher into the close and ended with a gain of 0.07%.

November 27: Gold and Silver Fall Nearly 1%

Gold edged up to $1225.20 by a little after 8AM EST before it fell back to $1212.00 in early afternoon New York trade and then bounced back higher, but it still ended with a loss of 0.61%. Silver chopped between $14.305 and $14.098 and ended with a loss of 0.77%.

November 28: Gold and Silver Jump on Powell Remarks

Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early afternoon trade and then pared back into the close, but it still ended with a gain of 0.43%. Silver dipped to $14.119 in Asia before it rose to as high as $14.389 in New York and then also fell back off a bit, but it still ended with a gain of 1.2%.

November 29: Gold Gains Ahead of G20

Gold gained $8.70 to $1228.90 by late morning in New York before it drifted lower in afternoon trade, but it still ended with a gain of 0.3%. Silver chopped near unchanged and ended with a loss of 0.07%.

November 30: Gold and Silver End Slightly Lower on the Week

Gold fell $7.20 to $1216.70 by midmorning in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.18%. Silver slipped to as low as $14.052 before it also rebounded, but it still ended with a loss of 0.91%.

Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine

Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas silver-zinc-lead mine as of December 1 st 2018.

December 3: Gold and Silver Rise Roughly 1%

Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.74%. Silver rose to as high as $14.555 and ended with a gain of 1.41%.

December 4: Gold and Silver Gain Roughly 1% While Stocks Drop Over 3%

Gold gained $11 to $1241.80 by a little after 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.6%. Silver rose to as high as $14.663 and ended with a gain of 1.04%.

December 6: Gold and Silver Hold Steady While Stocks Remain Volatile

Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday’s close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%.

December 7: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%

Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1250 with a gain of 0.82%. Silver rose to as high as $14.645 and ended with a gain of 1.04%.

Silver Investors See Palladium as the “Canary in the Coal Mine”

The precious metals sector has just one standout performer this year, and that is palladium. Lately the market for that metal has gotten more than just hot. Developments there could have implications for the LBMA and the rickety fractional reserve system of inventory underpinning all of the physical precious metals markets.

December 10: Gold and Silver End Slightly Lower

Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back higher in morning New York trade, but it then fell back off again into the close and with a loss of 0.33%. Silver slipped to as low as $14.478 and ended with a loss of 0.75%.

December 11: Gold and Silver Close Mixed with Stocks

Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.

December 12: Gold and Silver Gain with Stocks

Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $14.794 and ended with a gain of 1.31%.

December 13: Gold and Silver Trade Mixed with Stocks

Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver chopped between $14.805 and $14.684 and ended with a gain of 0.2%.

December 14: Gold and Silver Fall Less Than 1% on the Week

Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%.

December 17: Gold and Silver Gain Almost 1% While Stocks Drop Over 2%

Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its early afternoon high of $1248.10 with a gain of 0.65%. Silver rose to as high as $14.70 and ended with a gain of 0.62%.

December 18: Gold Gains While Stocks Struggle Higher

Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1250.30 in London and then fell to see slight losses by midmorning in New York, but it then climbed back higher into the close and ended with a gain of 0.24%. Silver chopped between $14.721 and $14.613 and ended with a loss of 0.2%.

December 19: Gold and Silver Fall After Fed Tightens

Gold edged up to $1251.40 in Asia before it dropped back to $1246.80 in London and then jumped up to $1258.00 at about 10:30AM EST, but it then fell to as low as $1241.90 after today’s fed announcement and ended with a loss of 0.58%. Silver rose to as high as $14.821 before it fell back to $14.55, but it ended with a loss of just 0.41%.

November 28: Gold and Silver Jump on Powell Remarks

Gold dropped back to $1211.20 by a little after 9AM EST before it jumped up to $1226.30 in early afternoon trade and then pared back into the close, but it still ended with a gain of 0.43%. Silver dipped to $14.119 in Asia before it rose to as high as $14.389 in New York and then also fell back off a bit, but it still ended with a gain of 1.2%.

November 29: Gold Gains Ahead of G20

Gold gained $8.70 to $1228.90 by late morning in New York before it drifted lower in afternoon trade, but it still ended with a gain of 0.3%. Silver chopped near unchanged and ended with a loss of 0.07%.

November 30: Gold and Silver End Slightly Lower on the Week

Gold fell $7.20 to $1216.70 by midmorning in New York, but it then rallied back higher for most of the rest of trade and ended with a loss of just 0.18%. Silver slipped to as low as $14.052 before it also rebounded, but it still ended with a loss of 0.91%.

Golden Arrow Reports Commercial Production Declared at the Chinchillas Mine

Golden Arrow Resources Corporation (TSX-V: GRG, FSE: GAC, OTCQB: GARWF), "Golden Arrow" or the "Company" is pleased to announce that the Company's joint venture partner in Puna Operations Inc., ("Puna") has declared commercial production at the Chinchillas silver-zinc-lead mine as of December 1 st 2018.

December 3: Gold and Silver Rise Roughly 1%

Gold gained $13.10 to $1234.80 by late morning in New York before it drifted back lower into the close, but it still ended with a gain of 0.74%. Silver rose to as high as $14.555 and ended with a gain of 1.41%.

December 4: Gold and Silver Gain Roughly 1% While Stocks Drop Over 3%

Gold gained $11 to $1241.80 by a little after 9AM EST before it chopped back lower at times, but it still ended with a gain of 0.6%. Silver rose to as high as $14.663 and ended with a gain of 1.04%.

December 6: Gold and Silver Hold Steady While Stocks Remain Volatile

Gold chopped near unchanged in low volume trade yesterday before it fell back to $1234.90 in Asia today and then climbed up to a new session high of $1244.30 by midmorning in New York, but it then drifted back lower into the close and ended with a gain of just 0.01% from Tuesday’s close. Silver slipped to as low as $14.351 and ended with a loss of 0.28%.

December 7: Gold and Silver Gain Over 2% and 3% on the Week While Stocks Drop Nearly 5%

Gold saw slight gains in Asia and London, but it then accelerated higher in New York and ended near its early afternoon high of $1250 with a gain of 0.82%. Silver rose to as high as $14.645 and ended with a gain of 1.04%.

Silver Investors See Palladium as the “Canary in the Coal Mine”

The precious metals sector has just one standout performer this year, and that is palladium. Lately the market for that metal has gotten more than just hot. Developments there could have implications for the LBMA and the rickety fractional reserve system of inventory underpinning all of the physical precious metals markets.

December 10: Gold and Silver End Slightly Lower

Gold saw slight gains in Asia before it fell back to $1243.50 by a little after 8AM EST and then bounced back higher in morning New York trade, but it then fell back off again into the close and with a loss of 0.33%. Silver slipped to as low as $14.478 and ended with a loss of 0.75%.

December 11: Gold and Silver Close Mixed with Stocks

Gold gained $5.20 to $1249.50 in London before it chopped back down to $1241.10 by midafternoon in New York, but it then bounced back higher into the close and ended with a loss of 0.1%. Silver rose to as high as $14.719 before it dropped back to $14.516, but it then rallied back higher in late trade and ended with a gain of 0.21%.

Is the Buyer’s Market for Silver Coming to an End?

Few markets are as depressed – and, as many analysts argue, suppressed – as silver. Prices for the white metal continue to languish in a low-level trading range amidst lackluster demand. The upshot for investors is that they can now obtain silver bullion at both a low spot price and a low premium above spot. How long this buyer’s market will is unknowable last. But given silver’s manic-depressive personality, prices could launch explosively higher at any time.

December 12: Gold and Silver Gain with Stocks

Gold chopped up to $1247.10 at about 1PM EST before it fell back off into midafternoon, but it then rallied back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $14.794 and ended with a gain of 1.31%.

December 13: Gold and Silver Trade Mixed with Stocks

Gold held near unchanged in Asia before it dipped to $1240.30 in early New York trade and then bounced back higher at times, but it still ended with a loss of 0.24%. Silver chopped between $14.805 and $14.684 and ended with a gain of 0.2%.

December 14: Gold and Silver Fall Less Than 1% on the Week

Gold fell $9.90 to $1233.00 by a little after 9:30AM EST before it climbed back towards unchanged by midday, but it then drifted back lower into the close and ended with a loss of 0.37%. Silver slipped to as low as $14.493 and ended with a loss of 1.29%.

December 17: Gold and Silver Gain Almost 1% While Stocks Drop Over 2%

Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ended near its early afternoon high of $1248.10 with a gain of 0.65%. Silver rose to as high as $14.70 and ended with a gain of 0.62%.

December 18: Gold Gains While Stocks Struggle Higher

Gold erased early Asian gains and dipped to $1245.10 at about 2AM EST before it rallied up to $1250.30 in London and then fell to see slight losses by midmorning in New York, but it then climbed back higher into the close and ended with a gain of 0.24%. Silver chopped between $14.721 and $14.613 and ended with a loss of 0.2%.

December 19: Gold and Silver Fall After Fed Tightens

Gold edged up to $1251.40 in Asia before it dropped back to $1246.80 in London and then jumped up to $1258.00 at about 10:30AM EST, but it then fell to as low as $1241.90 after today’s fed announcement and ended with a loss of 0.58%. Silver rose to as high as $14.821 before it fell back to $14.55, but it ended with a loss of just 0.41%.

December 20: Gold and Silver Gain Over 1% While Stocks Drop Nearly 2%

Gold gained $24.30 to a new 5-month high at $1266.30 by early afternoon in New York before it chopped back lower into the close, but it still ended with a gain of 1.53%. Silver rose to as high as $14.841 and ended with a gain of 1.3%.

December 21: Gold and Silver Gain on the Week While Stocks Fall the Most in 10 Years

Gold edged up to $1262.60 in Asia before it dropped back to $1256.20 in London and then bounced back above unchanged in early New York trade, but it then drifted back lower into the close and ended with a loss of 0.44%. Silver chopped between $14.777 and $14.606 and ended with a loss of 1.02%.

December 24: Gold and Silver Gain Over 1% While Stocks Drop Almost 3%

Gold gained nearly $10 in Asia before it halved its gains in London, but it then rose to new 6-month highs in New York and ended with a gain of 1.08%. Silver climbed to as high as $14.776 and ended with a gain of 1.03%.

December 26: Gold and Silver Closed Mixed While Stocks Rebound

Gold gained $10 to a new 6-month high at $1279.00 by late morning in New York before it sold off in afternoon trade, but it ended with a loss of just 0.22%. Silver rose to as high as $15.17 and ended with a gain of 1.76%.

December 27: Gold and Silver Hold 1% Gains in Face of Stocks Reversal

Gold gained $12.70 to $1278.90 in early afternoon New York trade before it edged back lower into the close, but it still ended with a gain of 0.69%. Silver rose to as high as $15.267 and ended with a gain of 1.33%.

December 28: Gold and Silver Gain Roughly 2% and 5% on the Week

Gold gained $7.10 to $1282.00 in Asia before it pared back in London, but it then bounced back higher in New York and ended with a gain of 0.4%. Silver rose to as high as $15.389 and ended with a gain of 0.92%.

December 31: Gold and Silver Gain with Stocks

Gold gained $4.10 to $1284.10 in London before it dipped back under unchanged a few times in New York, but it ultimately bounced back higher into the close and ended with a gain of 0.17%. Silver rose to as high as $15.51 and ended with a gain of 0.65%.