Keith Neumeyer: How to Build a Major Silver Producer
By: Ron Hera | 13 December, 2011
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| The Hera Research Newsletter (HRN) is pleased to present an informative interview with Keith Neumeyer, Chief Executive Officer, President and Director of First Majestic Silver Corp. (TSX:FR / NYSE:AG). Mr. Neumeyer began his career at the Vancouver Stock Exchange and worked in the investment community for 26 years beginning his career in a series of Canadian national brokerage firms including McLeod Young Weir (now Scotia McLeod), then Richardson Greenshields and then Walwyn Stogell McCuthchen (which became Midland Walwyn). Full Story |
Silver’s Beta is Irrelevant
By: Dr. Jeffrey Lewis | 13 December, 2011
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| Beta is a financial term that describes an asset’s volatility relative to the S&P500 index. In scoring individual assets against the equity markets, financiers hope to find a collection of securities that provide the best possible appreciation with the least amount of beta. That is, financiers are compensated to make many different investments to form the perfect portfolio that, over time, goes up in the straightest line possible. Full Story |
Give Silver Bullion an AAA Rating
By: Dr. Jeffrey Lewis | 12 December, 2011
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| The FinancialTimes reported early on Monday that Standard & Poor’s will announce a potential downgrade of five triple-A rated governments. As of writing time, no announcement has been made. Investors see what the ratings agencies also see, but are too slow to call out – the financial condition of major governments is not nearly as attractive as it appears. In particular, Germany and France are handicapped by the weight of other EU nations struggling with high debt yields. Full Story |
If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update [Video]
By: Future Money Trends | 12 December, 2011
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| There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market. Full Story |
Silver price pessimism bottoming out ready for the next big rally
By: Peter Cooper | 10 December, 2011
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| There is an intriguing commentary in The Daily Reckoning by Matt Badiali on silver. In particular he cites Jason Goepfert’s SentimenTrader readings for silver. This service tracks investor sentiment towards different asset classes. Full Story |
Buy Silver…Now!
By: Matt Badiali | 9 December, 2011
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| Silver is an amazing metal…which is why it’s likely to soar over the coming years… You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip. Full Story |
Buying Silver Is Like Buying Gold At $554 Today
By: Hubert Moolman | 8 December, 2011
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| I think that buying silver today is like buying gold for $554 an ounce. Let me explain: As I am writing, silver is currently trading at about 65.2% (32.6/50) of its 1980 high. If gold was trading at 65.2% of its 1980 high, it would be trading at $554 (0.652*850). Full Story |
Huldra Silver Receives Geochemistry Results Up to 124 Grams Per Tonne Silver
By: Huldra Silver Inc. | 7 December, 2011
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| Huldra Silver Inc. (TSX-V:HDA, HUSIF.PK) (the "Company" or "Huldra") is pleased to provide geochemical results from the 2011 exploration program at its Treasure Mountain project. The results included 124 grams per tonne Ag, 3.98 ozs/ton Ag, 0.79% Pb, 0.32% Zn, 0.78% Mn and 17.3 ppb Au in sample 315 from the Camp Zone. Full Story |
Hugo Salinas-Price: What Every Politician Needs to Know About Silver
By: Ron Hera | 7 December, 2011
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| The Hera Research Newsletter (HRN) is proud to present a vitally important interview with Hugo Salinas-Price, Founder, Director and Honorary President of Grupo Elektra, S.A.B. de C.V., which is now run by his son, Ricardo Salinas-Pliego. Grupo Elektra is a part of Grupo Salinas, which owns businesses in the television industry, the telecommunications sector, banking and financial services, and other industries. Full Story |
Extorre Announces More High Grades From Zoe Vein at Cerro Moro
By: Extorre Gold Mines Limited | 7 December, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce high grade to bonanza grade gold-silver results from 17 of 28 new holes drilled on the Zoe zone at Cerro Moro, Santa Cruz Province, Argentina. Some of the drill holes represent potential extensions to the National Instrument 43-101 compliant resource estimate dated November 3rd, 2011. Full Story |
GoldSeek.com and SilverSeek.com Announces Re-Launch of Web Sites
By: SilverSeek.com | 6 December, 2011
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| We are pleased to announce the re-launching of our entirely new GoldSeek.com and SilverSeek.com websites on December 15th. The sites have been re-designed and built from the ground up to create an exciting, new, clean look and feel, backed by a powerful new website engine that will support our record traffic demands. The new aesthetics will deliver greater balance with well-organized gold, silver and financial information along with many new features providing great usability. Full Story |
South American Silver Reports Surface Sampling and Drill Results from Escalones Copper-Gold-Silver Project and Initiates Phase II Exploration Program
By: South American Silver Corp. | 6 December, 2011
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| South American Silver Corp. (TSX:SAC, US OTC: SOHAF) South American Silver Corp. is pleased to announce the start of a Phase-II exploration program at the Company’s 100%-controlled Escalones copper-gold-silver project in central Chile following the completion of Phase I program earlier in the year. Full Story |
Endeavour Silver Continues to Extend High Grade Silver-Gold Mineralization in the Daniela Vein at the Guanajuato Mine in Mexico; Drilling Intersects 391 gpt Silver and 6.6 gpt Gold Over 3.7 Meter True Width
By: Endeavour Silver Corp. | 6 December, 2011
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| Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD) announces that exploration drilling in the Lucero South area of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein. Full Story |
Silver well set up for another tilt at $50 and much higher
By: Peter Cooper | 6 December, 2011
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| When the IMF brought out its big guns to support the global banking system last week the tiny silver market was all but forgotten. We doubt it will be quiet for much longer. Silver is a monetary metal. One Roman denarius sells for about $70 these days. You can still pick them up in the antiques centre here in Salisbury. Full Story |
Silver Forecast: Silver To Follow Gold And Double Its 1980 High At Least
By: Hubert Moolman | 5 December, 2011
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| It is well established that there is a high correlation between how the price of gold and silver trades. Thanks to this relationship between gold and silver, one is able to use historical trading data of the one good, in order to project what may happen to the price of the other. Full Story |
Guanajuato Site Visit: Endeavour Silver Corp.
By: Simon Russell, SilverSeek Mining Analyst | 2 December, 2011
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| Endeavour Silver Corp. [NYSE.EXK, TSX.EDR] is increasing production from three historic mines originally built by Spanish colonists about 450 years ago, and several veins they recently discovered in the legendary silver district of Guanajuato, Mexico. At the end of October I visited Endeavour’s operations in Guanajuato for a tour of their modern underground mining operations and the mill expansion they just completed. The company is also producing silver at Guanacevi in the state of Durango, and looking to expand their resources by exploring three other projects in Mexico. They have optioned two district scale bulk-tonnage silver prospects near Copiapo, Chile as well. Full Story |
The Silver Market and Inflation
By: Endeavour Silver Corp. | 1 December, 2011
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| A look at the silver market, focusing on supply and demand, psychology, and inflation. Visit http://www.edrsilver.com for more information. Presented by Endeavour Silver Corp. as part of an ongoing series of educational films on all things silver. Full Story |
Great Panther Silver Ltd. - Improving the operation of legendary silver mines along the Veta Madre (Mother Vein) in Guanajuato, Mexico
By: Simon Russell, SilverSeek Mining Analyst | 30 November, 2011
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| Great Panther Silver Ltd.’s [NYSE.GPL, TSX.GPR] extensive property in the Guanajuato silver district includes many famous Spanish colonial era mines along the Veta Madre, or “Mother Vein.” Today Great Panther continues mining high grade silver from several ore shoots that extend below historic workings, plus they are also finding hidden adjacent veins with drills and other modern exploration methods. When I toured the company’s Guanajuato mines last month I saw they have recently completed substantial infrastructure and operations improvements. Full Story |
Great Panther Silver Confirms Continuity of Santa Margarita Gold-Silver Veins and Extends Guanajuatito Mineralized Zone to Depth at Guanajuato
By: Great Panther Silver Limited | 30 November, 2011
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| Great Panther Silver Limited (TSX: GPR.TO)(AMEX: GPL) ("the Company") is pleased to announce that underground drilling programs at the Company's wholly owned Guanajuato Mine have been successful in confirming continuity of the Santa Margarita gold-silver vein plus two footwall veins between the 435 and 500 metre levels, and in extending the Guanajuatito silver-gold mineralization below the 100 metre level, down to the 390 metre level (see also news release January 27, 2011). Full Story |
SilverCrest Commences Phase II Drilling at La Joya; Phase II Surface Samples Grade up to 1,079 GPT Silver Equiv.
By: SilverCrest Mines Inc. | 30 November, 2011
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| SilverCrest Mines Inc. (TSX-V: SVL.V - News)(OTCQX: STVZF.PK - News)(PINK SHEETS: STVZF) (the "Company") is pleased to announce that it has begun its Phase II drilling program at the La Joya property located in Durango State, Mexico. This program will consist of approximately 80 core and reverse circulation drill holes and will utilize at least three drill rigs. The Company has also completed surface channel sampling in the Phase II proposed drill hole area along and adjacent to the Main Mineralized Trend with results showing surface intervals with grades up to 594 gpt Ag, 5.49 % Cu, and 0.25 gpt gold (1,079 gpt Ag equivalent(i)). Full Story |
John Paulson’s Fund Obscures ETF Flow Data
By: Dr. Jeffrey Lewis | 30 November, 2011
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| Absent the weekly COT report for gold and silver, the array of exchange-traded funds available on the market acts as an excellent source of money flow data for both silver and gold. While the media tends to focus on total assets, exchange-traded funds also release the quantity of gold and silver attributed to individual exchange-traded funds. Full Story |
SilverCrest Reports $5.1 Million Third Quarter Cash Flow from Operations
By: SilverCrest Mines Inc. | 29 November, 2011
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| SilverCrest Mines Inc. (TSX-V: SVL.V)(OTCQX: STVZF.PK)(PINK SHEETS: STVZF) (the "Company" or "SilverCrest") is pleased to announce strong positive cash flow, earnings and operating results for its third quarter ended September 30, 2011, being the second quarter of commercial production at its Santa Elena Mine in Sonora, Mexico. Full Story |
Volatile silver up 18% in 12 months lagging gold’s 25% gain, can silver catch up?
By: Peter Cooper | 29 November, 2011
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| Precious metal investors have little to complain about with gold up 25 per cent and silver by 18 per cent in the past 12 months. By comparison many equity investors have lost money. But behind this gain has been some pretty staggering volatility. Full Story |
Keith Neumeyer: The Silver Market Lacks Integrity
By: Ron Hera | 22 November, 2011
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| The Hera Research Newsletter (HRN) is pleased to present an incredibly powerful interview with Keith Neumeyer, Chief Executive Officer, President and Director of First Majestic Silver Corp. (TSX:FR / NYSE:AG). Mr. Neumeyer began his career at the Vancouver Stock Exchange and worked in the investment community for 26 years beginning his career in a series of Canadian national brokerage firms including McLeod Young Weir (now Scotia McLeod), then Richardson Greenshields and then Walwyn Stogell McCuthchen (which became Midland Walwyn). Full Story |
Investors Not Quite Ready to Embrace 'Ugly Sister' Silver
By: The Gold Report and Chris Thompson | 21 November, 2011
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| Volatility in the markets overall, and particularly in the silver price, continues to deter investors, even the major producers, from stepping in on silver juniors. Chris Thompson, equity research analyst with Haywood Securities, talks to The Gold Report about what's next for silver. Full Story |
Why Silver For A Monetary Collapse? Part 1
By: Hubert Moolman | 21 November, 2011
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| We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst. The demonetization of gold and silver, has over the years diverted value from these metals, to all paper assets (such as bonds) linked to the debt-based monetary system. Full Story |
Orex Announces New Director
By: Orex Minerals Inc. | 18 November, 2011
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| Orex Minerals Inc. – (REX: TSX-V, ORXIF.PK) ("Orex" or the "Corporation") – would like to announce that at the Annual General Meeting of the Corporation (the "AGM") held this morning all of the following management nominees were elected to its board of directors: Gary Cope, N. Ross Wilmot, George Cavey, Arthur Freeze, Joseph Drescher and Rick Sayers. Full Story |
Silver Predator Enters Into Letter of Intent to Acquire Nevgold Resource Corp.
By: Silver Predator Corp. and Nevgold Resource Corp. | 15 November, 2011
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| Silver Predator Corp. ("Silver Predator") (TSX: SPD.TO) and Nevgold Resource Corp. ("Nevgold") (TSX-V: NDG.V) are pleased to announce that they have entered into a letter of intent (the "LOI") whereby Silver Predator will acquire all of the outstanding securities of Nevgold (the "Proposed Transaction"). Nathan Tewalt, Chief Executive Officer of Nevgold, will be assuming the position of Chief Executive Officer of Silver Predator upon completion of the Proposed Transaction. Full Story |
Silver Valley Mining Update – Part III
By: Tom Wobker | 14 November, 2011
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| This is the last of three special Silver Valley Mining Update issues. Taken together, they give you the big picture changes in the Valley mining industry over the past couple of years. Full Story |
SilverCrest Identifies Large Bulk Tonnage Target at La Joya; Hole 17 intercepts 205.2m Grading 92.7 gpt Silver Equivalent
By: SilverCrest Mines Inc. | 14 November, 2011
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| SilverCrest Mines Inc. (the “Company”) is pleased to announce that data compilation for the Phase I drilling program and a newly received historic database has identified a large, near-surface bulk tonnage target at its La Joya property in Durango, Mexico. The compilation by SilverCrest has involved data and/or drill core review of 51 historic holes (14,786 metres) and 26 Company drill holes (5,716 metres) totaling 20,502 metres of drilling in 77 holes on the property. Full Story |
Silver vs Nasdaq: A response to Mr Erik Swarts
By: Hubert Moolman | 14 November, 2011
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| I recently read an article by Mr Erik Swarts, which I found very interesting. I enjoy reading his articles, since he often identifies fractals on financial charts, in order to forecast, what may or may not happen. This is exactly what I specialize in. Full Story |
An Unmitigated Disaster
By: Theodore Butler | 11 November, 2011
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| Oftentimes, the significance of truly historic events is not fully appreciated at the time they occur. I think we are at one of those times with the bankruptcy of MF Global. There’s no question that the news and overall circumstances of the demise of the large commodities brokerage is widely known, but the significance of the event is not yet fully understood. While I would classify the event as an unmitigated disaster on many levels, I have hope that it might result in some long-overdue and necessary changes in the commodities regulatory structure. Full Story |
Silver Institute Releases Silver Investment Market Report
By: The Silver Institute | 10 November, 2011
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| The Silver Institute released a report today titled "The Silver Investment Market -- An Update," which forecasts world silver investment will reach a record high total of $10 billion in 2011, representing a 66 percent increase over the $6 billion posted in 2010. Full Story |
Orex Initiates Drilling at Barsele Gold Project, Northern Sweden
By: Orex Minerals Inc. | 9 November, 2011
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| Orex Minerals Inc. – (REX: TSX-V, ORXIF.PK) (“Orex”) is pleased to announce that Protek Norr AB of Skellefteå Sweden has been retained to carry out a 5000-meter diamond drill program at our Barsele Gold Project (the “Project”). In this first phase of drilling, 12 to 15 holes are planned, with a completion date estimated to be mid March, 2012. The initial goal of this drilling program is infill and expansion of the known gold resource in the Central and Avan areas of the Project. It is also planned to drill test new gold and base metal targets outlined by the recent geophysical surveys within the Project. Full Story |
Orex Closes 3,856,000 Unit Non-Brokered Private Placement
By: Orex Minerals Inc. | 9 November, 2011
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| Orex Minerals Inc. ("Orex" or the "Company") (TSX.V: REX, ORXIF.PK) announces that it has closed its non-brokered private placement of units for aggregate gross proceeds of $1,928,000. The private placement consisted of 3,856,000 units at a price of $0.50 per unit, with each unit consisting of one common share and one half share purchase warrant. Full Story |
MF Global Bankruptcy Could Rattle Silver Market for Days
By: Dr. Jeffrey Lewis | 9 November, 2011
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| It now appears that the 200 year old trading and processing firm MFGlobal will go into bankruptcy following rumors that the firm did not have enough capital on hand to protect accounts. The company, which has seen its share price tumble by more than 85% this year, is expected to send several waves through the commodities market, mostly due to its expansive reach. Full Story |
Silver still a runaway winner from the coming economic mayhem
By: Peter Cooper | 7 November, 2011
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| If you could only invest in one asset class to hold until the next big bubble is fully inflated then it has to be silver. Gold is already increasingly popular for the same reason. It is a precious metal of fixed supply and proven monetary value in a world of electronic money creation. Just look at the staggering sums of money magicked out of thin air by the eurozone debt deal at the end of last month. Full Story |
CFTC's evasion after 3 years investigating silver is answer enough
By: Chris Powell, Secretary/Treasurer, GATA | 5 November, 2011
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| Under renewed pressure by Commissioner Bart Chilton to account for itself, the U.S. Commodity Futures Trading Commission today issued a statement about its 3-year-old investigation of manipulation of the silver market, asserting only that the investigation continues. Full Story |
Silver Summit Recap
By: David Bond | 4 November, 2011
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| The Silver Summit is not for tossers. It is a celebration of the entrepreneurs in our midst who see the beauty of realized dreams as they gaze at mere rocks and by sheer will, turn them to metals. We are all, whether investors or survivors, wealthier as a result. Full Story |
US Mint Sales Show Buyers Want Silver
By: Dr. Jeffrey Lewis | 3 November, 2011
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| The US Mint released its silver sales figures, relaying to investors what was already known—investors want silver, and silver only. The Mint ran into problems during September, taking more orders for coins than it had available in uncirculated condition. As of October 21, the problem in supplying the market with uncirculated coins has been smoothed out, and the market remains hungry for silver coins of all types, except those closest to numismatic coins. Full Story |
Extorre Increases Gold-Silver Resources at Cerro Moro
By: Extorre Gold Mines Limited | 3 November, 2011
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| Extorre Gold Mines Limited (NYSE-AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to provide an updated National Instrument 43-101 compliant mineral resource estimate for its Cerro Moro Project, Santa Cruz Province, Argentina. Full Story |
Endeavour Silver Reports $8.9 Million Adjusted Earnings in Q3, 2011; Revenues Up 93%, Cash Costs Per Oz Down 18% Compared to Q3, 2010; 3rd Quarter Conference Call at 10:00 am PST, Thursday, November 3, 2011
By: Endeavour Silver Corp. | 2 November, 2011
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| Endeavour Silver Corp. (TSX: EDR, NYSE: EXK, Frankfurt: EJD) announced today its financial and operating results and unaudited financial statements for the Third Quarter, 2011. Endeavour owns and operates two high-grade, underground, silver-gold mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanajuato State. Full Story |
Indian Silver Demand to Blossom Amidst Festival
By: Dr. Jeffrey Lewis | 2 November, 2011
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| As fears of recession return, one major driver for silver consumption is still in play: India’s year-end festival. Shying away from high-priced gold, the more affordable alternative seems perfect at current prices, and some analysts believe 2011 demand could come in 50% higher than in 2010. Full Story |
Silvercrest Appoints V.P. Corporate Development for Mexico and General Manager for Santa Elena
By: SilverCrest Mines Inc. | 2 November, 2011
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| SilverCrest Mines Inc. (TSX-V: SVL.V)(OTCQX: STVZF.PK) (the "Company") is pleased to announce the appointments of Dr. Salvador Aguayo Salinas as Vice President Corporate Development in Mexico and Fabio Velarde as General Manager for the Santa Elena Mine. Dr. Aguayo will be based in Hermosillo, Mexico, and will report to N. Eric Fier, CPG, P.Eng., President of Nusantara de Mexico SA de CV, a subsidiary of the Company. Mr. Fabio will be based at the Santa Elena mine site and report to Brent McFarlane, V.P. of Operations. Full Story |
Silver Is Ready, Are You?
By: Hubert Moolman | 2 November, 2011
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| I said before that the current pattern on the silver chart is an extremely bullish pattern. It is no ordinary flag. It is a pattern that often appears before a good goes parabolic. Provided that the silver price can breach the relevant resistance over the next couple of weeks, it will increase dramatically over the next couple of months. Full Story |
Ross Beaty: "Silver, the Schizoid Metal"
By: Ross Beaty at the Casey/Sprott Summit | 1 November, 2011
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| Ross Beaty, executive chairman of Alterra Power and serially successful mine finder, talks at the Casey/Sprott Summit When Money Dies about the differences between gold and silver, and why the silver price has gone up so much. Full Story |
Gary Cope, President of Orex Minerals Inc. with GoldSeek.com Radio's Chris Waltzek
By: radio.GoldSeek.com | 27 October, 2011
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| Gary Cope, President of Orex Minerals Inc. with GoldSeek.com Radio's Chris Waltzek Full Story |
Extorre Responds to New Argentine Foreign Currency Transfer Regulations
By: Extorre Gold Mines Limited | 27 October, 2011
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| Extorre Gold Mines Limited (TSX: XG) (AMEX: XG) (Frankfurt: E1R.F) ("Extorre" or the "Company") wishes to inform shareholders of the events in Argentina that led to today's drop in its share price. Full Story |
Extorre to Ring the Opening Bell on the NYSE-Monday October 24th, 2011
By: Extorre Gold Mines Limited | 24 October, 2011
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| Extorre Gold Mines Limited (NYSE-AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that it will ring the opening bell on the New York Stock Exchange today, October 24, 2011. A week of marketing the Company in eastern USA and Canada will follow. Full Story |
Silver Summit Report: Three Investment Approaches to the Volatile Metal
By: The Gold Report, James Turk, Andrew Kaip, and Ian McAvity | 21 October, 2011
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| For this special report from the Cambridge House Silver Summit in Spokane, Washington, The Gold Report caught up with three silver investing experts: James Turk, chairman of GoldMoney; Andrew Kaip, vice president of Precious Metals & Mining at BMO Capital Markets; and Ian McAvity, a writer at Deliberations on World Markets. While the three didn't all agree on why silver acts the way it does, they all said that it belongs in some form in a diversified portfolio—but only for those who can handle volatility. Full Story |
Silver Update
By: Hubert Moolman | 20 October, 2011
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| Silver is still following the pattern of gold, around its 1980 high, with the exception that, its down-side action is “deeper” than that of gold. The depth (its fall to $26) of the pattern that started forming since it reached the 1980 high again, is deeper ($30 was the deepest that I expected) than what I had anticipated, based on gold’s pattern. However, this appears to have been just a flash crash (provided we do not go there again). Full Story |
Analysts still don’t get the silver price link to monetary inflation
By: Peter Cooper | 20 October, 2011
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| If you want to follow the smart money you only have to look at the Most Popular Stories listing on Bloomberg each day. Right this moment Silver Bear Market Seen Ending on Europe Crisis: Commodities is number four. Articles on silver are as rare as the metal itself and just as popular with investors these days. Full Story |
Great Panther Silver Extends Strike Length of Silver-Gold Veins at San Ignacio Property, Guanajuato
By: Great Panther Silver | 19 October, 2011
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| GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "Company") is pleased to provide an update on a further 14 holes from the diamond drilling program at the Company's wholly-owned San Ignacio property in Guanajuato, Mexico. Full Story |
Endeavour Silver Options Lomas Bayas Silver-Gold Property in Chile; Third Quarter Earnings Report to be Released on Wednesday November 2rd; Teleconference on Thursday November 3th
By: Endeavour Silver Corp. | 19 October, 2011
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| Endeavour Silver Corp. (TSX: EDR.TO)(NYSE: EXK)(Frankfurt: EJD.F) announces that it has acquired an option to purchase the Lomas Bayas silver-gold property in the Copiapo region of northern Chile. Full Story |
One last sell-off for silver before we head back to $50?
By: Peter Cooper | 16 October, 2011
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| After seven years of investing in precious metals you become something of an old-hand, not that this would impress the true veterans who recall the late 1970s. They are getting a bit old themselves now. Full Story |
Gold, Gold, Gold… What About Silver?
By: Przemyslaw Radomski | 14 October, 2011
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| No good news to deliver so far this year on the eurozone. Just this week Slovakia’s government became the first in the eurozone to fall over opposition of bailing out indebted economies after the country’s parliament voted down approval for enhancing the zone’s rescue fund. Also this week, Jean Claude Trichet, European Central Bank President, warned that Europe’s financial crisis has reached “a systemic dimension.” Full Story |
Extorre Announces Key Appointments for Cerro Moro Project
By: Extorre Gold Mines Limited | 13 October, 2011
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| Extorre Gold Mines Limited (TSX: XG.TO) (AMEX: XG.TO) (Frankfurt: E1R.F) ("Extorre" or the "Company") is pleased to announce the appointment of Trevor Mulroney to the position of Chief Operating Officer and Alberto Carlocchia to the position of Country Manager - Argentina. These appointments are effective immediately and represent a significant development for the Cerro Moro project as it moves towards the mine development phase. Full Story |
Endeavour Silver's Production Continued to Rise in 3rd Quarter, 2011; Revenues Jumped 93% to US$38.8 million
By: Endeavour Silver Corp. | 11 October, 2011
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| Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD) announced today that silver and gold production from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State, continued to rise year-on-year in the Third Quarter, 2011. Full Story |
Silver Summit 2011, 10 days out, promises excitement, information and entertainment
By: David Bond | 11 October, 2011
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| With Cambridge House International's Silver Summit 2011 just 10 days away, excitement awaits this 9th annual event at the Davenport Hotel in Spokane, Wash. “Extracurricular” activities including reserved underground tours of working silver mines and the Sunshine silver refinery are slated for Wednesday, Oct. 19th. While the tours are sold out, some cancellations inevitably occur; to join the waiting list, please contact the Silver Summit office at 208.556.1621. Full Story |
Final Assays Received-NI43-101 Compliant Resource Estimate Proceeding for Zoe Discovery
By: Extorre Gold Mines Limited | 11 October, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that all assays are in hand for the first National Instrument 43-101 compliant resource estimate for the Zoe zone at Cerro Moro, Santa Cruz Province, Argentina. Assays for the final 33 drill holes of the approximately 100 holes to be included in the initial resource estimate are reported in this release. Full Story |
Peak Silver Revisited: Impacts of a Global Depression, Declining Ore Grades & a Falling EROI
By: Steve St. Angelo | 10 October, 2011
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| The world is about to peak in global silver production. This will not occur due to a lack of silver to mine, but rather as a result of the peaking of world energy resources, declining ore grades, and a falling Energy Returned On Invested – EROI. The information below will describe a future world that very few have forecasted and even less are prepared. Full Story |
It’s the money supply stupid, what some investors still don’t get about silver and gold
By: Peter Cooper, Arabian Money | 8 October, 2011
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| It is true this upward movement in price for precious metals is seldom a straight line. Sometimes the market enthusiasm overreaches itself and prices dip back, like silver in April or gold last month. Would a global asset sell-off like the one in late 2008 pull gold and silver prices down for a while? Yes but not for long as central banks will fear deflation and print even more money. Full Story |
Physical silver running out because its spot price does not reflect true investment demand
By: Peter Cooper, Arabian Money | 6 October, 2011
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| However, the snap back for silver prices now has the capacity to be sensational, and far beyond the mini-spike in the first few months of this year from $30 to almost $50 again. So those who go seeking out physical silver to buy at current prices are going to be very well rewarded and soon, not in 31 years! Full Story |
Financing "Hole" Could Disrupt Miner Development
By: Dr. Jeffrey Lewis | 6 October, 2011
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| The return of fear in the markets is already underway. Despite plunging yields for government debt, corporate yields have held constant, all the while corporate financing arms sell fewer and fewer new issues to raise capital. If raising inexpensive capital for some of the largest and most successful companies proves to be a burden, what will happen for the many small to medium capitalization miners that are too volatile and unpredictable to finance? Full Story |
Qatar plans $10bn investment in gold producers, why not silver too?
By: Peter Cooper, Arabian Money | 3 October, 2011
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| Somebody asked why the Qataris are not looking for silver mines? Well silver tends to be produced as a by-product of large copper mines and they are very expensive and closely held. That makes it far more difficult to ramp up silver production than gold, and with silver reserves already less than a hundredth those of gold the price implications are interesting to say the least. Full Story |
Hedge Fund Action Doesn’t Change Fundamentals
By: Dr. Jeffrey Lewis | 30 September, 2011
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| Silver investors should know that such a change in inflation is not one that is transitory, but rather an immediate reaction. When the market reaches equilibrium, a wave of borrowing will happen almost immediately. There is no stopping a flood of credit of this magnitude. Central banks, especially the Federal Reserve, would have to entice banks to keep assets in reserve. The Fed can enact such a policy only by agreeing to pay a higher rate on reserves held at the Fed, which would only compound the growth in money supply. Full Story |
Silvercorp Goes on the Offensive
By: Jeff Clark, Senior Precious Metals Analyst | 30 September, 2011
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| In the meantime, based on my extensive discussions with management; review of reams of both internal and public documents; conversations with government, tax, and refinery officials; interviews with workers and supervisors; observations of plant operations; and putting my hands on high-grade veins running throughout the Ying mine, I have a message for the short sellers. You’d better think about covering. Full Story |
Physical Silver Shortage to Follow Paper Selloff
By: Dr. Jeffrey Lewis | 29 September, 2011
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| The physical silver market is very much its own market, one which is dominated by small silver investors and coin collectors. Compared to Wall Street, where margins change in a matter of minutes, and global issues permeate throughout trading floors, the local coin dealer hasn’t changed in decades, let alone the past few weeks. Full Story |
GATA's Bill Murphy, CPM Group's Jeff Christian, to face off at Silver Summit 2011
By: David Bond, Silver Summit | 26 September, 2011
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| Murphy and Christian hold diametrically opposed views on the matter. Murphy and the Gold Anti-Trust Action Committee (GATA) assert that certain banks and large trading houses deliberately manipulate gold and silver prices to the downside, while CPM's Christian holds that precious metals prices are reflective of free-market realities. Full Story |
Massive Silver Correction Makes Silver Incredibly Cheap
By: Trace Mayer | 26 September, 2011
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| The European turmoil is roiling global markets as counterparties increasingly distrust each other’s collateral leading to the liquidation of pretty much everything. The mantra must be, “If there is a bid then hit it.” This daily noise has opened up some tremendous buying opportunities. Chief among those opportunities is silver. Full Story |
Silver drops to $25 as we forecast for the late summer low
By: Peter Cooper | 26 September, 2011
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| However, what has not changed either is that gold and silver prices are highly volatile and particularly prone to depression as markets sell down but they are also the best and most reliable choice to make for the recovery phase. Full Story |
Almost everyone will be left behind
By: Voltaire | 25 September, 2011
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| Forget about the cliff dive last week. Ask yourself, with Europe imploding, with the Chase, Citi, BAC and Goldman each holding more that $45T in derivative exposure ... does this make sense? Behind the scenes, the US Federal Reserve is doing a lot to keep the world's financial systems from imploding. But there are limits to debt. The solution in 2008 was to corrupt the Fed's balance sheet with bad debt. The only option now is to print. Full Story |
Silver traders: Stop Cryin' and Start Buyin'!
By: Dominique de Kevelioc de Bailleul | 23 September, 2011
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| Though there still exists economists, portfolio strategists and corporate CEOs out there who still don't see or admit to seeing a double-dip coming to America [did you watch CNBC yesterday?], everyone's favorite sleaze, George Soros, on Sept. 21, told—that very same 24-hour propaganda doubly-sleaze outfit—CNBC, that the US is in “a double dip already.” Full Story |
Indian Rupee vs. Silver
By: Dr. Jeffrey Lewis | 21 September, 2011
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| Investors shouldn’t forget one of the best sources of demand for silver and gold—India. Gold was always a historically important commodity in India, where it’s seen as a store of wealth. Silver, on the other hand, rose mostly as a necessary “poor man’s” entry into precious metals, which have risen far faster than wages in most of the emerging market economies. Full Story |
Orex Completes First Phase Ground Geophysical Surveys Over The Barsele Gold Project, Sweden
By: Orex Minerals Inc. | 20 September, 2011
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| Orex Minerals Inc. – (REX: TSX-V, ORXIF.PK) (“Orex”) is pleased to announce that Finland-based Suomen Malmi Oy (SMOY) and LeBel Geophysics are involved with ground follow-up surveys resultant from the 2,500 line kilometres of airborne geophysical surveying completed in July 2011 at our Barsele Gold Project in Sweden. Full Story |
Endeavour Silver Intersects 448 gpt Silver and 14.0 gpt Gold Over a 4.6 Meter Width in the Daniela Vein at the Guanajuato Mine in Mexico
By: Endeavour Silver Corp. | 19 September, 2011
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| Endeavour Silver Corp. (TSX: EDR.TO)(NYSE: EXK)(Frankfurt: EJD.F) announces that exploration drilling in the Lucero South area of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico continues to intersect high silver and gold grades over mineable widths in the recently discovered Daniela vein. Full Story |
Updated silver lawsuit identifies Morgan trading mechanisms, traders, 'spoof'' and 'fake' trades
By: Chris Powell, Secretary/Treasurer, GATA | 16 September, 2011
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| An updated complaint in the class-action lawsuit against JPMorganChase alleging manipulation of the silver futures market, filed this week in U.S. District Court for the Southern District of New York, details the mechanisms of the manipulation and some of the traders executing it. Full Story |
Extorre Nears Completion of Initial Resource Definition Drilling for Zoe at Cerro Moro - High Gold-Silver Grades Continue
By: Extorre Gold Mines Limited | 12 September, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that the drilling required for a new National Instrument 43-101 compliant resource estimate at Cerro Moro has now been completed. The new Cerro Moro resource estimate is expected to be released in October 2011 and include contributions from recent discoveries at the Zoe, Martina, Carla, and Esperanza-Nini zones. Drilling with at least 5 rigs will continue to test high priority targets on the Zoe structure and elsewhere on the property. Full Story |
How are Silver Coins Minted? [Video]
By: Endeavour Silver Corp. | 8 September, 2011
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| If you are interested in currency or precious metals, please enjoy this short educational video about how silver coins are minted. It tours an actual operating mint near Reno, NV and covers the whole process from raw silver to final strike. Full Story |
Deadlines Near For Silver Summit
By: David Bond | 7 September, 2011
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| Time is running out to register for Silver Summit 2011 and take advantage of the special conference rates at the Davenport Hotel. You must contact the hotel directly at 1.800.899.1482 to reserve your room and request the Silver Summit special rate. Full Story |
The Silver Siren: Reversion To Reality
By: Rob Kirby | 7 September, 2011
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| According to the World Gold Council – the overall level of global mine production is relatively stable. Supply has averaged approximately 2,497 tonnes per year over the last several years. 2500 tonnes is equal to 80.4 million troy ozs. Full Story |
Endeavour Silver Options La Presidenta Silver Property in Chile
By: Endeavour Silver Corp. | 6 September, 2011
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| Endeavour Silver Corp. (TSX: EDR.TO)(NYSE: EXK)(Frankfurt: EJD.F) announces that it has acquired an option to purchase the La Presidenta silver property in the Copiapo region of northern Chile. La Presidenta has a history of small scale silver mining and appears to be prospective for the discovery of bulk tonnage, low grade silver mineralization. Full Story |
The Death of Liquidity
By: Theodore Butler | 6 September, 2011
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| I know I have been on a one-track mission recently about the extraordinary development of the COMEX gold commercials miscalculating in establishing their giant short position. I know I have been virtually alone in depicting the resultant commercial short covering as being the prime price driver behind gold’s $300 run from $1600 in early August. But government data still suggest that the unprecedented commercial blunder is very much at the core for explaining the volatile price action we are witnessing. Today, I would like to explore what this means for the future, even though I am on record as warning that the correct explanation for something that has occurred can be different from accurately predicting what may happen next. Full Story |
140 Years of Silver Volatility
By: Professor Antal E. Fekete | 6 September, 2011
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| Gold at $1900 and silver at $45 gives you a gold/silver price ratio of 46. This suggests that in spite of the fast appreciation of silver for the past year, it has to keep appreciating faster still in the future to meet the target ratio of 16 to 1. Let’s accept, for the sake of argument, that Sprott’s figure 16:1 is where the gold/silver price ratio will ultimately stabilize. We may as well admit that Sprott’s theory is intellectually seductive. However, it is strewn with pitfalls tempting investors to their downfall. Full Story |
Silver and Silver Stocks Forming Bullish Cup and Handle Pattern
By: Jordan Roy-Byrne, CMT | 6 September, 2011
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| A cup and handle pattern is a bullish continuation pattern that represents a period of consolidation followed by an eventual breakout, which is the continuation of the previous trend. Typically these patterns last months and not weeks or days. Cup and handle patterns also entail precise price targets. To find the price target, one measures the distance from the top to the bottom of the cup and then adds the distance to the top of the cup. In some cases analysts can use a logarithmic scale though its best to use a arithmetic scale. Full Story |
Silver’s Liquidity Risk
By: Dr. Jeffrey Lewis | 6 September, 2011
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| It’s unlikely that any silver stockpile will go without a buyer. As more and more investors place a portion of their tangible assets in gold and silver, the market for metal grows. However, just like in high finance or even in personal finance equations, liquidity risk is a concern that investors should have on the mind. Full Story |
COMEX Silver Stocks Remain Near Record
By: Dr. Jeffrey Lewis | 5 September, 2011
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| The COMEX reported a massive change in silver stockpiles, an indication that at least some traders are hedging their bets to take cash off the table. On August 19, 2011, the exchange reported a serious change in total silver available, noting that silver supplies reached a high not seen since December 2010. Full Story |
Silver and Gold, Different Steps But Same Dance.
By: Hubert Moolman | 2 September, 2011
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| It is well established that there is a high correlation between how the price of gold and silver trades. Thanks to this relationship between gold and silver, one is able to use historical trading data of the one good, in order to project what may happen to the price of the other. Full Story |
Transaction Volume Lifting Silver
By: Dr. Jeffrey Lewis | 24 August, 2011
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| Behind the meteoric rise in silver prices might be the European banking crisis, or it may be Ben Bernanke’s next Federal Reserve meeting. Though the headlines promote one very basic idea—a catalyst necessarily drives prices in the financial markets—transactions must take place for silver prices to move. It now appears that the catalyst has a driving force: the American public. Full Story |
Extorre Announces Results for 20 Holes Drilled at the Puntudo Project Silver-Gold Discovery in Argentina
By: Extorre Gold Mines Limited | 23 August, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) announces results for 20 additional holes from the Renaldo Area on Extorre’s 100% owned Puntudo Project in Santa Cruz Province. Full Story |
Increased Production No Threat to Silver Prices
By: Dr. Jeffrey Lewis | 18 August, 2011
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| Financial modeling is a science composed of complex “if, then” statements; this is evidenced clearly by the number of investment bankers who work 100 hour weeks toiling through Excel spreadsheets of merger and acquisition deals. Full Story |
Dorothy's silver shoes or the re-monetization of the silver currency of the United States of America
By: Hugo Salinas Price | 14 August, 2011
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| Why not re-monetize the silver dollar? Re-monetization could put the silver dollar and its subsidiary silver coinage into circulation in parallel with FRNs – “Federal Reserve Notes”. There are several reasons that make this action possible, and only one that might be considered as an unimportant material obstacle. Full Story |
The Public Be Damned
By: Theodore Butler | 11 August, 2011
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| If my analysis is correct, then most of the volatility is due to one giant sick game of unbridled speculation. The speculators include not just the obvious and visible speculators, but also the commercials pretending to be hedgers. These commercial speculators in drag include the largest banks, like JPMorgan. How has it gotten to the point where our insured deposit taking institutions are among the biggest speculators? This speculative trading activity on the part of banks has greatly increased the current price volatility and increased the dangers of systemic risk. How is that good? Full Story |
When will silver catch up with gold’s stunning $100 advance?
By: Peter Cooper | 11 August, 2011
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| The gold price shows every sign of going exponential as predicted by Jim Sinclair (click here). We have surged from $1,700 past $1,800 in a matter of days, so much for the normal low season in the summer for precious metals. Full Story |
Silver price update from Eric Sprott and James Turk [Video]
By: Eric Sprott and James Turk | 6 August, 2011
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| In this video, recorded August 4 2011, Eric Sprott, Chairman of Sprott Asset Management, and James Turk, Director of the GoldMoney Foundation, talk about how there isn't enough silver in the silver market to back existing "paper silver" commitments. Sprott thinks that "silver will be the investment of this decade". Full Story |
The Crime Against Silver
By: Richard (Rick) Mills | 5 August, 2011
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| Silver investment rose by 40% during 2010 to 279.3 million ounces, almost double the amount for 2009. Demand increased to 167.0 M ozs (+5.1%) for jewelry and 101.3 M ozs (+22%) for coins. Other major usage categories are photography (72.7 M ozs, down 8.3%), and silverware (50.3 million ozs). Full Story |
Silver outperforms gold again in the flight to safe havens
By: Peter Cooper | 4 August, 2011
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| Reading the headlines about a new all-time high for gold north of $1,675 and you could be forgiven for thinking that gold was the star performer amongst the precious metals over the past month. Wrong! Step forward the shiniest of metals to take a bow at $42 an ounce this morning. In the past month silver is up from $34 an ounce, a 19 per cent gain, while gold is up from $1,480, an 11 per cent increase. Full Story |
Extorre Announces Update to Cerro Moro Preliminary Economic Assessment 8 Year Mine Life
By: Extorre Gold Mines Limited | 4 August, 2011
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| Extorre Gold Mines Limited (AMEX: XG)(TSX: XG)(Frankfurt: E1R.F)(OTCQX: EXGMF) ("Extorre" or the "Company") is pleased to announce significant benefits for an expanded Cerro Moro project, as reported in a new Preliminary Economic Assessment ("PEA-2", or the "Study"). Full Story |
The Complete Costs of Mining Silver
By: Steve St. Angelo | 30 July, 2011
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| The inspiration to write this post was to clarify some issues with the costs of mining silver. I believe many of the investing public has mistaken what is termed as the “CASH COST” as the real cost of mining silver. According to the Silver Institute in 2010, the cash cost from primary mine production was $5.27 an ounce. The Silver Institute gets their info from the World Silver Surveys produced by GFMS. I have had an email exchange over the past several months with one of their metal analysts on various topics. I recently asked permission to reproduce their Cash Cost graph for this post, and was told I could do so for $1,500. Full Story |
How to Read Silver Momentum with the COT
By: Dr. Jeffrey Lewis | 28 July, 2011
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| The commitment of traders is released each Friday by the futures market regulator, the CTFC. Whereas there are plenty of concerns with the CTFC’s involvement in the futures market, generally the COT data proves to be a very important tool in understanding market highs and lows. Full Story |
Silver in Your Bandages and Copper in Your Pillow
By: Dr. Jeffrey Lewis | 28 July, 2011
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| The value of industrial commodities to human health is well documented. Silver is used in medical settings where its anti-microbial benefits prevent illness from spreading. It can be found in creams, catheters, and even bed sheets. Copper, the metal which leads to most silver production, is found in anti-wrinkle creams, and even new pillows meant to curb signs of aging while you sleep. Full Story |
Anatomy of a Technical Trade
By: Scott Silva | 27 July, 2011
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| As we survey the various elements of the precious metals group in the run-up to Labor Day, it becomes very clear that something big is brewing. As we see, the chart of silver has formed an ascending triangle going back to Dec. ’09. This triangle has broken out today, and it presages breakouts throughout the precious metals group. Using the semi-log continuation chart (www.timingcharts.com) we can predict the price objective for silver at about $60 using the present data. Full Story |
Silver Valley Mining Update – Part II
By: Tom Wobker | 25 July, 2011
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| Well, our plan flopped. We hoped to bring you up to speed on the Silver Valley mining resurgence in just two Update issues…. with plenty of background info to give you context. But we’re short of space this issue – thanks to news of the Sunshine Silver Mines IPO, the abrupt Crescent Mine work halt and Dennis Wheeler’s resignation from Coeur d’Alene Mines. So we’ll wait until next time to talk about Hecla’s Lucky Friday Mine, the Golden Chest, the Bunker Hill and the New Jersey Mill. Full Story |
A Nervous New World
By: Theodore Butler | 25 July, 2011
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| For more than 25 years, I have closely studied the silver market from a supply/demand and market structure perspective. For almost 15 years before that, I traded silver, along with other commodities, as a commodity and stock broker. In all those 40 years, I have tried to avoid analyzing silver in the context of it being an asset of last resort in a world financial crisis. Not because silver is not an asset of last resort but because that attribute has always been widely accepted and written about. I have always strived to uncover new and unique aspects to silver; there was no real value added in me writing about what was already known. Full Story |
Silver Market Alert!
By: Julian Phillips & Peter Spina, for the Gold & Silver Forecaster | 22 July, 2011
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| Short-term: expect the silver price to move up to $49 before giving new direction. More importantly, there has been a critical fundamental change in the shape of silver demand that has changed the long-term prospects for silver. Full Story |
David Morgan on Silver Price Manipulation, Delivery Default & Supply Shortage Risks
By: Chris Martenson and David Morgan | 21 July, 2011
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| More so than perhaps any other, the silver market has been loudly and visibly accused of rampant price manipulation. And more recently, suspicion is growing that the exchanges and ETFs dedicated to trading the metal do not hold sufficient volume of it to meet their obligations. Is the silver market free and fair? Chris delves deeply into these important questions with one of the best-known silver experts. Full Story |
Copper Gains are Government-Sponsored
By: Dr. Jeffrey Lewis | 21 July, 2011
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| China steals the show when it comes to commodities. Large public works projects, particularly in developing key infrastructure and housing projects, buoy commodity prices. Increases in demand are naturally bullish for inelastic necessities like copper, which has only strengthened as spending from Beijing keeps China’s GDP on the up and up. Full Story |
Supply, Demand & the USDollar
By: Jim Willie CB | 20 July, 2011
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| SILVER TARGET OVER $100 A powerful dynamic has been at work for a few years. A Silver deficit remains a boon to investors but a plague to central bankers. The USGovt silver stockpile was depleted in 2005. Gold will continue to fight the political battles in the open fields. But Silver will run through the broken battle lines on a white horse to take triple the price gains. The march toward $100 Silver sounded like lunatic forecasts two years ago, but are more realistic with each passing month nowadays. Silver is growing in investment demand, the object of purchase by central banks as a reserve asset in allocations. Some unique traits are known to silver, which is often mined as a byproduct. When demand for industrial usage of base metals like zinc, lead, tin, and others goes into decline, the actual mined output of silver enters a decline even though investment demand grows radically from systemic monetary risk. Full Story |
Extorre Extends High Grade Gold-Silver Zones at Cerro Moro
By: Extorre Gold Mines Limited | 20 July, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, OTC: EXGMF – “Extorre” or the “Company”) is pleased to report that exploration drilling continues to extend gold-silver mineralization at its 100% owned Cerro Moro project in Santa Cruz Province, Argentina. Assay results reported in this news release are from drilling undertaken during the second quarter of 2011 on prospects other than the recent Zoe discovery. Full Story |
Smart Silver Shopping on eBay
By: Dr. Jeffrey Lewis | 14 July, 2011
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| Silver accumulators have to start somewhere. Ten years ago, a silver buyer might have used his landline phone to call a small coin shop for a quote on silver bullion. If the buyer were lucky, he or she might have access to a wholesaler, who could sell them small amounts of bullion with minimal markup. Today, the silver buyers are going straight to eBay, but the online auction site can be both a blessing and a curse. Full Story |
Extorre Closing of $25 Million Bought Deal Equity Financing
By: Extorre Gold Mines Limited | 12 July, 2011
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| Extorre Gold Mines Limited (TSX:XG) (AMEX:XG) (Frankfurt:E1R) ("Extorre" or the "Company") is pleased to announce that it has closed the bought deal private placement financing announced June 20, 2011 (the "Offering"). The Company has issued 2,400,000 common shares (the "Shares") at a price of $10.50 per Share for gross proceeds of $25,200,000. Full Story |
New Series of Canadian & American Silver Coins Coming to Market
By: Lorimer Wilson | 12 July, 2011
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| The United States Mint has taken the demand for more mass production silver bullion coins seriously of late expanding their offering to a planned total of 57 new coins by 2021 with the introduction of their America the Beautiful Bullion Coin Series. Canada’s Royal Canadian Mint has followed suit expanding its offering of mass production silver bullion coins to 8 by 2013 with the launch of their Canadian Wildlife Silver Bullion Coin Series Program. Below are the details. Full Story |
Silver Poised for Power Rally
By: The Gold Report, Eric Sprott and Larisa Sprott | 12 July, 2011
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| Opportunities abound in small- and mid-cap silver companies, according to Sprott Inc. Chairman Eric Sprott. In this exclusive interview with The Gold Report, Eric Sprott and Sprott Money Ltd. President Larisa Sprott say the fundamentals that drive the price of silver are as strong now as before the spring selloff—maybe even stronger—even though volatility is causing buyers to hold back a bit. Full Story |
The Value of Silver
By: Endeavour Silver Corp. | 11 July, 2011
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| Ever wonder why we still treat Gold & Silver as currency? Full Story |
Endeavour Silver Reports Continued Production Growth in 2nd Quarter, 2011; Produces 850,476 oz Silver (Up 3%) and 4,831 oz Gold (Up 8%); Revenues Jump 85% to US$36.4 million
By: Endeavour Silver Corp. | 11 July, 2011
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| Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD) announced today continued growth of silver and gold production in the Second Quarter, 2011 from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State. Full Story |
Could silver one day be worth more than gold?
By: Peter Cooper | 9 July, 2011
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| So if the Comex price fixing is broken by overwhelming physical demand, and a momentum trade develops in a tighly supplied market then you do have the potential for an exponentially soaring silver price. Those presently stashing their insurance money in gold would therefore be tempted to switch part of it into silver, and so the price would go up and up. Full Story |
The Silver Platter Opportunity
By: Jim Willie CB, Hat Trick Letter | 7 July, 2011
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| Every few years, a tremendous opportunity arises. The autumn months of 2007 and the autumn months of 2008 offered such an opportunity to buy silver. That $11 silver price is long gone. Many smart folks seized it. Whatever can be said on such silver platters applies almost equally to gold. The silver sprint gains are typically much larger than the gold steady gains. The coming autumn months will feature a gaggle of supposed financial analyst experts backpeddling in their hasty damage control. They have been broadcasting a wide assortment of low level propaganda posing as competent analysis, as they attempt to make the point that the anti-USDollar trade is done, the gold trade is over, the silver trade is spent. They are so wrong. Full Story |
Eric Sprott - Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova
By: Chris Martenson | 6 July, 2011
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| In this wide-ranging interview, he shares his insights on the precious metals markets - specifically what investors need to be aware of in terms of the way the markets are currently managed (manipulated), the macro outlook for the economy (grim) and the true value of gold and silver (very underpriced; particularly silver). Eric sees the current "extend and pretend" intervention by world governments and central banks to prop of a fundamentally flawed banking system, particularly the vast money printing efforts of the past few years, as a ruse that is losing it's influence. Once enough people ask "Why have your money in a bank earning nothing? Why not have it in something that might at least maintain it’s purchasing power?”, the capital flows into the precious metals will dwarf current levels, sending bullion prices much higher. Full Story |
Silver Bottoms Amid Subtle but Bullish Factors
By: Jordan Roy-Byrne, CMT | 6 July, 2011
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| As Silver hit $50/oz, we wrote a piece titled Downside Targets for Silver. We concluded with: “…wouldn’t you rather increase your positions in the $30s rather than at $45 or $50?” Well, now is your chance. Back then, public opinion was over 90% bulls and Silver was in a parabolic state. Today, we see that Silver has advanced to $35 after failing to close below $33 over the past two months. Furthermore, sentiment analysis is as supportive for Silver as any time in the past few years. Finally, the stocks, which tend to lead at key turning points have closed at a five-week high. Full Story |
Amidst OPEC Drama, Solar is to Silver What Ethanol Is to Corn
By: Dr. Jeffrey Lewis | 30 June, 2011
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| The state of global affairs has never been in such disarray. Major governments are going bankrupt, inflation is running rampant in a majority of the countries that line the planet, and relationships between nations have never been so heated. Full Story |
Why Silver Could Drop Below $30/ozt.
By: Nu Yu, Ph. D. | 30 June, 2011
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| A close look at where silver is currently positioned at this stage of its developing long-term bubble, and what can be expected short-term in its price using Bump-and-Run and Dead-cat Bounce pattern analyses, suggests that silver is on its way to returning to its long-term mean. Full Story |
Is the Silver ETF Bleeding to Save the COMEX?
By: Dr. Jeffrey Lewis | 29 June, 2011
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| The iShares Silver Trust (SLV) has seen a precipitous decline in the amount of silver it reports in its trust, even as the price of silver remains mostly flat in post-frenzy trading. If SLV really does own the silver that it reports on its balance sheet, investors should be left to wonder if the SLV isn’t doing the bidding of the COMEX, which has reported falling supplies amidst larger requests from purchasers. Full Story |
Could silver drop to $25 an ounce and then rebound to $60?
By: Peter Cooper | 29 June, 2011
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| The problem with trying to make market calls about a highly volatile commodity like silver is that you get it right about as many times as you get it wrong. ArabianMoney can happily point to our prediction back in December that silver might spike to $50 early in the New Year (click here). Brilliant, we got that absolutely right. But what about our warnings last summer that silver prices might fall? Ah, well they did not and if you sold then you missed the best silver rally in 30 years. Full Story |
Silver Valley Mining Update
By: Tom Wobker | 27 June, 2011
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| Things are different in North Idaho’s Silver Valley since the Wall Street Crash of 2008. Some changes were dramatic and maybe you saw them in the headlines -- like the damage to mining stocks from the market collapse; settlement of the Valley’s last major Superfund claim after 15 years of litigation; the steady climb in metals prices; and the current disconnect between those prices and mining stock performance. Full Story |
India Slowdown Hardly a Concern for Metals
By: Dr. Jeffrey Lewis | 23 June, 2011
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| As we enter the summer doldrums, a period when many investors leave the financial markets for warm beaches and relaxing vacations, India has come onto the scene as a topic of choice. Full Story |
Extorre Announces Increase in Scope of Cerro Moro Project and Release Date for Economic Study
By: Extorre Gold Mines Limited | 21 June, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) reports the economic study currently underway will include a larger production scenario to reflect the expanding gold-silver inventory on the property. The release date for the study is mid-July. Full Story |
How Silver is Like Oil: An Upcoming Explosion
By: Dr. Jeffrey Lewis | 16 June, 2011
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| As prices at the pump move toward $4 and even $5 per gallon, there is no shortage of people calling for new regulations in finance. Frequently blamed on “speculators,” high prices at the pump are, as some politicians say, the result of lax laws. Full Story |
Are We Running Out of Silver?
By: Jeff Clark, Senior Precious Metals Analyst | 16 June, 2011
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| Our goal in this report is to suggest various ways you can invest in silver, while underscoring the importance of patience and discipline. Investors must remain patient to avoid chasing silver, overpaying, and draining their cash. Instead, we recommend that you use temporary price declines to steadily accumulate the best silver stocks and your preferred form of bullion. Full Story |
Comex position is bullish again for silver prices
By: Peter Cooper | 15 June, 2011
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| Silver prices are set in the Comex futures pit in Chicago, and traders are becoming excited again by prospects for the shiniest of metals because of the supply and demand position within the exchange. What has happened recently is a drop in the amount of physical silver available for delivery in the Comex – down 38 per cent to 29 million ounces since the start of 2011 – while the amount of silver that is being held for clients to claim in the Comex is up by 23 per cent to 72 million ounces. Full Story |
The Marginal Utility of Silver
By: Professor Antal E. Fekete | 15 June, 2011
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| I welcome the Internet debate on the question whether the Mint should be opened to gold and silver. The latest contribution by Hugo Salinas Price, entitled Free Coinage of Gold and Silver – Then and Now (www.gold-eagle.com, 9 June 2011), expresses doubts that such a measure, at least insofar as silver is concerned, would work today. Full Story |
Exeter Completes Positive Prefeasibility Study for Its Caspiche Oxide Gold Deposit
By: Exeter Resource Corporation | 6 June, 2011
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| Exeter Resource Corporation (NYSE-AMEX:XRA, TSX:XRC, Frankfurt:EXB – “Exeter” or the “Company”) is pleased to announce the Oxide Gold Prefeasibility Study for its Caspiche Project in northern Chile has returned a NPV(5) of US$329.5 million and net operating costs of US$524/ounce gold. Average annual production over the five year mine life would be 210,000 ounces gold and 364,000 ounces silver. Full Story |
Can You Pass the 2011 Silver Quiz?
By: Jeff Clark | 3 June, 2011
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| CPM Group recently released their 2011 Silver Yearbook, one of the industry’s most comprehensive sources of information on the silver market. Though mostly a reference book, I uncovered some interesting facts that paint a decidedly bullish picture for the metal going forward. Full Story |
3 Things to Learn from the Silver Selloff
By: Dr. Jeffrey Lewis | 2 June, 2011
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| Silver’s correction from nearly-$50 to $34 was wild; it was the kind of market movement that hardly allowed investors to digest what was coming as it happened. A month after wild market activity, investors who have taken the time to uncover what happened in the market may have realized three key elements of the selloff. Full Story |
United Mining Group (TSX: UMG) and Gold Finder (TSX VENTURE: GFN) Announce Accelerated Earn-In on Crescent Silver Mine Project
By: United Mining Group, Inc. | 1 June, 2011
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| United Mining Group, Inc. (TSX:UMG)(OTCQX: UMGZF)(Frankfurt:UM8) ("United Mining Group") and Gold Finder Explorations Ltd. (TSX-V:GFN) ("Gold Finder") announce that United Mining Group has incurred an aggregate of $9 million in exploration and development expenditures to earn its 80 percent interest in the Crescent Silver Mine project located in Silver Valley, Idaho, in the Coeur d'Alene Mining District, the remaining 20% is retained by GoldFInder. Full Story |
Extorre Announces A Silver-Gold Discovery at Its Puntudo Project in Western Santa Cruz Province, Argentina
By: Extorre Gold Mines Limited | 1 June, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) reports the discovery of significant silver-gold mineralization at its 100% owned Puntudo project, located immediately south of the Joaquin silver project owned by Coeur d’Alene Mines and Mirasol Resources, and 200 kilometres west of Cerro Moro. Extorre has completed thirty two drill holes to date, with assays in hand for the first fifteen holes. Mineralization has been intersected in drill holes that test the potential strike extension to the south, onto Extorre property, of both the La Negra and La Morocha veins of the Joaquin project. Full Story |
Extorre Gold Mines Limited: High Gold-Silver Grades Continue for the Zoe Discovery at Cerro Moro
By: Extorre Gold Mines Limited | 31 May, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce that high grade gold-silver results continue to be returned from drilling on the Zoe discovery at Cerro Moro in Santa Cruz Province, Argentina. Full Story |
Metals Market Provides Timely Fire-Sale
By: Dr. Jeffrey Lewis | 26 May, 2011
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| Now three weeks after the massive silver movement toward $50 per ounce, and a near reversal of opinion among the financial media, silver is now stable in the $34 per ounce area. While the panic, confusion, and frankly, fraudulent popping of the silver price may have shaken the weak hands, the market is providing opportunities for those who are willing to wait out the institutional investors. Full Story |
US Commodity Regulation - A Failed Mission?
By: Theodore Butler | 26 May, 2011
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| In my latest dispatch to subscribers, I tried to describe the favorable set up for higher prices present in silver and other metals markets. That favorable set up may be in the process of unfolding. This set up was created, particularly in silver, as a result of the engineered takedown we just experienced. Having already discussed what may develop from this point, I would like to vent a bit about what just occurred. Full Story |
Silver More Explosive than Gold
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 24 May, 2011
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| The silver market is still reeling from its fall from $50 to $34 over a very short time. The move was driven by at least one investor selling around 1,000 tonnes of silver over a two week period. Silver had climbed quickly from around $25. The charts supported a rise to $29, but as silver went higher, it climbed out of technical range into new territory. All the time thereafter it was vulnerable to a selloff back to support around that level. Full Story |
Orex Engages Sigorex as New Investor Relations Consultant
By: Orex Minerals Inc. | 24 May, 2011
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| Orex Minerals Inc. – (REX: TSX-V) ("Orex" ) is pleased to announce that it has engaged Sigorex Management GmbH ("Sigorex") to provide investor relations services to Orex pursuant to a consulting agreement dated May 24, 2011 (the "Agreement"). Full Story |
Buying Silver at 10% Off
By: Kevin Brekke | 20 May, 2011
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| Inflation has certainly been all over the headlines lately. As the cost of basic materials and commodities has pretty much risen across the board, it was just a matter of time until this rise made its appearance on store shelves at a retailer near you. With prices at the pump squeezing motorists as well, the drive to the supermarket is as painful as watching your groceries being scanned at checkout. Full Story |
An Interview with Hugo Salinas Price on a Return to a Silver Mexican Peso
By: Jeff Berwick – The Dollar Vigilante | 19 May, 2011
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| We, here at The Dollar Vigilante (TDV), have been big supporters of Hugo Salinas Price for years. Not just for his business exploits, which have made him a billionaire, but because he now spends a significant portion of his time trying to return silver as a monetary medium in his home country of Mexico. Full Story |
Gold vs. Silver: The Reality
By: Dr. Jeffrey Lewis | 18 May, 2011
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| As silver shows its temper tantrum in the form of price volatility, the media’s pundits are coming out in mass to declare that gold is now the better investment. Their claim is very simple: if silver is going to be so volatile, why should investors own it? Our answer is even simpler; growth is what makes silver shine. Full Story |
Silver to Outshine Glittering Gold in the Long (!) Term
By: Przemyslaw Radomski | 17 May, 2011
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| Increased volatility seen in silver market in the recent past has reflected in market sentiments, and no wonder that we have received many questions about silver fundamentals and the COMEX margin requirement hike. For those of you who are concerned with the possible deterioration in silver's fundamentals (and long-term targets), here's a quote of someone in the business. Full Story |
“Silver Price: The Least You Should Worry About”
By: Jeff Clark and Andy Schectman | 17 May, 2011
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| I heard some disturbing reports about silver supply last month that I felt every investor should know. And while precious metals are currently in correction mode, the long-term concerns with supply won’t disappear anytime soon. In attempt to get a handle on the bullion market, I spoke to Andy Schectman of Miles Franklin, who has contacts that run deep in the industry. What he sees everyday might just compel you to count how many ounces you own… Full Story |
Extorre Receives Approval for Cerro Moro Mine Development
By: Extorre Gold Mines Limited | 17 May, 2011
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| Extorre Gold Mines Limited (TSX:XG)(AMEX:XG)(Frankfurt:E1R) ("Extorre" or the "Company") is pleased to announce the formal approval of the Cerro Moro Environmental Impact Assessment ("EIA") by the Santa Cruz provincial government. The EIA was submitted to authorities in September 2010. This approval together with the receipt of the Project Pre-Feasibility Study expected in June 2011 will enable Extorre to proceed with advanced engineering and mine development. Full Story |
Silver shorts given another summer to cover themselves again
By: Peter Cooper | 15 May, 2011
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| Last summer ArabianMoney was rife with rumor about some serious short covering by the major bullion banks and an unwinding of their short positions. Once the shorts were out of the market we saw the impact on prices with a spectacular jump from $17 to $50. Full Story |
Volatile Silver...
By: Harris Kupperman | 15 May, 2011
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| Every few months, silver has a stunning collapse and the whole world seems astonished by the ferocity of the move. I think it’s time that we all take a step back and accept that silver is a wild animal. At any time, it can move 30% and that isn’t out of the normal—in fact, that is the normal. Full Story |
The Gold-Silver Ratio – Another Look
By: Andrey Dashkov | 13 May, 2011
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| The gold-silver ratio attracts a lot of attention nowadays, but it is not a reliable tool in an investor’s toolbox, and we don’t think it can predict future price movements. But the reality is that nothing does. Those who look at GSR charts, including ours above, should not forget to analyze all the fundamentals behind the price movements of both gold and silver. We advise you to be extremely cautious and not get caught in the trap of believing that a single number or ratio, or a set of them, can provide you with a crystal ball. Full Story |
Silver Action a Reminder of the Risks of the Paper Market
By: Jeff Berwick | 13 May, 2011
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| Gold and silver are strange things. They have been used for centuries as money and only in the last 40 years have they been shoved aside by the financial communists - yet they still exist as a free market monetary asset despite the force of all the government's guns. Full Story |
Silver’s New Trading Range
By: Justin Smyth | 13 May, 2011
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| Silver’s destiny with its 200-day moving average appears to be sealed this week as a brief bounce earlier in the week failed at the 50-day moving average. From peak to trough so far this correction has run about 35%, which is still less than the 37% correction silver underwent from its parabolic peak in 2006. Full Story |
Silver – Time to Buy
By: Puru Saxena | 12 May, 2011
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| Only two weeks ago, the price of silver was rapidly appreciating in a parabolic advance. Back then, sentiment towards the white metal was extremely bullish and its price was approximately 78% above its 200-day moving average. Furthermore, on the 25th of April, silver registered a key reversal whereby its price tested the all-time high recorded in 1980 but failed to hold on to its intra-day gains. Full Story |
A 1980 copy of Playboy Predicts the Future for Silver
By: Murray Dawes | 12 May, 2011
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| I would not be surprised to see silver flat line for a few months during this seasonally weak period for metals and after taking such a hammering, but there will be a time in the next few months when silver will be a bargain. Full Story |
A Word on Corrections
By: David Galland, Managing Director | 10 May, 2011
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| Silver, in particular, has been hammered – down over 30% at one point. Now that's what I call a proper correction. Is it safe to go back into the water? I have to believe that the speed and depth of the sell-off makes it all the more likely that we'll see a pretty quick bounce back. Full Story |
A Policy-Driven Silver Crash
By: Clif Droke | 9 May, 2011
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| Silver has once again stolen the investment market spotlight. Margin requirements for silver trading rose 84 percent last week, which prompted a major sell-off. Silver posted its worst four-day drop since 1980 and was down more than 25% after the CME Group raised the costs for investors to trade the metal four consecutive times within a week. Full Story |
Orex Initiates Airborne Geophysical Survey Over Barsele Gold Project, Sweden
By: Orex Minerals Inc. | 9 May, 2011
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| “This is the beginning of Orex’s exploration program at Barsele, which will include both airborne and ground geophysical surveys, diamond drilling and bulk sampling. Our intent is to enhance and expand the known resources, as well as start the definition and drill testing of new targets, within the 32,700 hectares of our concessions.” Full Story |
First Fear, Then Anger
By: Theodore Butler | 8 May, 2011
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| The historic decline this week in silver creates strong emotion. Watching great amounts of wealth disappear, quite literally in minutes amid disorderly trading conditions is a genuine fear for any investor. Worse is seeing no obvious legitimate reason to explain the carnage. If that doesn’t scare you, nothing will. Especially if you already harbored unease about how the whole silver market operated. Full Story |
Silver still more than double the price of a year ago
By: Peter Cooper | 8 May, 2011
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| Last week is another for the history books for silver bugs with a record one third price correction in a week. It still falls short of the 52 per cent plunge of the 2008 financial crisis. Silver is notoriously volatile. Full Story |
Watching Silver Correct
By: Roy Martens | 8 May, 2011
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| Three charts are analyzed. Full Story |
Silver Takes it on the Chin
By: John Browne, Senior Market Strategist at Euro Pacific Capital | 6 May, 2011
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| This week saw the type of downside volatility in the precious metals market that will be remembered for years to come. For those of us who have been long gold, and silver in particular, the memories will not be pleasant. While many had been expecting a pullback in silver, when the violence did come it was nevertheless shocking. Full Story |
Freefall in Silver, What’s Next?
By: Przemyslaw Radomski | 6 May, 2011
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| Summing up, what we have seen recently was probably (slightly more probable than not) a major top for the previous rally. However, regardless of this being true or not, a short-term rally from here appears likely. Naturally, if the final top is not yet in, then the rally will take silver much higher. Full Story |
US Faces Dollar Decline as China Grows
By: Dr. Jeffrey Lewis | 5 May, 2011
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| According to a new statement from the International Monetary Fund, the United States will be the world’s leading economy for four more years, at which point China will overtake the US in total annual production of goods and services. While economists can and have expressed their doubts about how this plays into the world economy going forward, most everyone can agree that this news is not a positive release for the United States, nor the US dollar. Full Story |
Extorre Gold Mines Limited: High Gold-Silver Grades Continue for Zoe Discovery at Cerro Moro
By: Extorre Gold Mines Limited | 4 May, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, “Extorre” or the “Company”) is pleased to announce additional high grade to bonanza grade gold-silver results from the next 10 of 27 diamond drill holes completed to date on the new Zoe discovery at Cerro Moro, Santa Cruz Province, Argentina. Full Story |
Extorre Makes Another Significant High Grade Gold-Silver Discovery At Cerro Moro
By: Extorre Gold Mines | 2 May, 2011
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| About Extorre: Extorre Gold Mines Limited is a Canadian public company listed on the Toronto Stock Exchange (TSX) under the symbol XG and the NYSE-AMEX under the symbol XG. The Cash position in April, 2011, was $33 million. On April 19, 2010, Extorre announced an updated National Instrument 43-101 compliant mineral resource estimate for Cerro Moro: - Indicated: 357,000 Oz. Gold + 15.3 Million Oz. Silver (612,000 Oz. Gold Equivalent*) - Inferred: 190,000 Oz. Gold + 12.0 Million Oz. Silver (390,000 Oz. Gold Equivalent*) Full Story |
Silver 'Insurance'
By: Gary, Biiwii | 2 May, 2011
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| Of course, if my view or personal situation changes to the degree that I no longer care what the assigned market value of silver may be, then the process of buying insurance could be terminated at any time. But the way I currently read the silver market, I would like to remain a bag owner while at the same time, avoid becoming a bag holder. So please, if you see bearish silver positions popping up in the portfolios below (and you will see a new one this week) do not read anything into it other than the writer’s reasoning with regard to the need for insurance. Full Story |
Gold versus silver and other commodities
By: Steve Saville, Speculative Investor | 2 May, 2011
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| Although there is probably a lot more aboveground silver in the world than gold, there is almost certainly a lot more aboveground gold in readily saleable form (bars, coins, 24-carat jewellery held for store-of-value purposes) than there is silver in similar form. In fact, there is a lot more gold in readily saleable form than there is any other commodity. So, if it's correct to argue that silver should continue rising against gold because there is less aboveground silver than gold in the world, then it is also correct to argue that every commodity known to man should rise against gold. Full Story |
Secret Silver Buying by Russian Billionaire, Chinese Traders, and People's Bank of China to Lead to Comex Silver Default?
By: Gold Core | 29 April, 2011
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| The theories are not mutually exclusive and may be true. Indeed, Chinese, Russian and other private interests may be cornering the physical market in an effort to end manipulation of the silver market by Wall Street banks in order to ensure the silver price rises very sharply and creates significant profits on their silver bullion holdings. Indeed, if the People’s Bank of China is involved – profit may not be the end game, rather the positioning of the Chinese yuan as the new reserve currency through use of gold and silver bullion reserves. Full Story |
Silver: Runaway Move, Correction, Or Crash?
By: Justin Smyth | 29 April, 2011
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| Silver attempted to take out 50 on Monday of this week and instead had a big reversal day as it temporarily ran out of gas. Then after testing 45 the following day silver has moved higher after the Bernanke press conference and is once again approaching 50. For the very short term silver appears to be trapped in the 45/50 box and is awaiting a break either above or below this box. Full Story |
Silver Can’t Stop to Breathe
By: Dr. Jeffrey Lewis | 29 April, 2011
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| At that point, it will be only higher rates that can stop the bleeding, and higher rates will only result in a dead economy. The cat is out of the bag: fixed-income is certain to plummet, and there is not a single exit strategy for the global banking system. Your exit strategy from the coming catastrophe is quite simple: silver bullion. Full Story |
Downside Targets for Silver
By: Jordan Roy-Byrne, CMT | 29 April, 2011
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| Silver is in a structural bull market and will see significantly higher prices in the coming years. However, now is not the time to be buying. The market has spiked and a retracement is coming. Sentimentrader.com’s public opinion as of last week was over 90% bulls. The daily sentiment index as of last week was 96% bulls. A correction is coming. We have two charts to help decipher a potential bottom. Full Story |
Results - SilverSeek.com Poll: Has the Silver Price seen its High ($50) for 2011?
By: SilverSeek.com | 28 April, 2011
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| Results: Has the Silver Price Peaked for 2011? Yes = 12.04% (270 votes) No = 87.96% (1973 votes) Full Story |
Advantages of Silver Over Gold
By: Howard Ruff, The Ruff Times | 28 April, 2011
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| If you are wealthy and can afford to buy some gold, be my guest. I think you will do just fine. However, silver will outperform gold about three to one. When I receive income from my business, I set aside enough cash to take care of my normal business affairs because paper money is still a means of exchange, although it is no longer a store of value. As a means of exchange, you can conduct your normal affairs. If I have any left over, I go to my local coin dealer and buy silver. Full Story |
“$52 to $56 Silver by Mid-year” Update
By: Lorimer Wilson, Gold Runner Fractal Analysis | 27 April, 2011
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| The early run by Silver into Vth Wave Chart Metrics, or phase transition into the true Vth Wave Channel, is the early recognition point for all of the markets that the Vth Wave devaluation in the U.S. Dollar is at hand. Markets are discounting mechanisms, and the move of Silver into the Vth Wave Channel leads Gold into its own Vth Wave Channel slope of rise by just an eyelash on the long-term charts. Full Story |
SilverSeek.com Poll: Has the Silver Price seen its High ($50) for 2011?
By: SilverSeek.com | 26 April, 2011
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| SilverSeek.com Poll: Has the Silver Price seen its High ($50) for 2011? Full Story |
Think Silver Has Gone Parabolic? 1980 was 5 Times Faster!
By: Sam Kirtley | 26 April, 2011
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| This essay will attempt to address the question of whether or not silver prices are in a bubble, or possibly may be turning into a bubble and if so what trading strategies may be suited to the situation. This article will hopefully provide another string to the readers bow in attempting to identify bubbles and being able to protect one’s portfolio and even potentially profit from them. For the record we feel it is prudent to state our view upfront, we do not think silver is in a bubble at this point in time. However we think that it is likely that it will become a bubble in the future, but we cannot say when or at what price. Full Story |
Silver – Key intra-day reversal
By: Puru Saxena | 25 April, 2011
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| Remember, precious metals are still in a secular bull market but no item goes up in a straight line. Every bull market goes through periodic corrections and whenever any commodity rises in a parabolic fashion, it always undergoes a severe correction. Thus, this is the time to control your emotions and take some money off the table. Full Story |
A Look at Silver Going Parabolic
By: Roy Martens, Resource Fortunes LLC | 25 April, 2011
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| Technical / chart look at silver prices. Full Story |
Silver Shorts Feel the Burn
By: Clif Droke | 25 April, 2011
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| Silver has stolen the spotlight among investors in recent days after surging nearly $50/oz. Lost in all the commotion, however, are the wildly disparate rumors accompanying silver’s rally. It’s hard to believe that it has been only a week since a widely circulated story concerning a large hedge fund which supposedly made a “gargantuan” bet against silver. This story, which smacked of being planted by speculative interests, was circulated by some otherwise reputable financial publications. Full Story |
Silver Set to Soar as Paper Folds?
By: John Browne, Senior Market Strategist at Euro Pacific Capital | 21 April, 2011
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| As a result of active "demonetization" efforts by the IMF and its member central banks, gold and silver have experienced the type of volatility that has given conservative investors reasons not to perceive the metals as dependable cash alternatives. Instead gold and silver have become known as the asset class to hold as a hedge against inflation. Full Story |
Silver Spikes And Corrections
By: Justin Smyth | 21 April, 2011
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| Silver continues its powerful and relentless move higher. From August 2010 until now this is the biggest rally during this silver bull market that started early last decade. Silver has also been the star performer of the financial world over the past year as you can see on the graph below. Full Story |
Silver price rising three-times as fast as gold
By: Peter Cooper | 21 April, 2011
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| Over the past three days the price of silver has jumped from $42 to $46 an ounce, while gold has moved up from $1,480 to $1,507 at the time of writing. That is approximately a six per cent gain for silver and two per cent for gold. Full Story |
Extorre Gold Mines Limited: New High Grade Gold-Silver Discovery at Cerro Moro
By: Extorre Gold Mines Limited | 19 April, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R– “Extorre” or the “Company”) is pleased to announce high grade to bonanza grade gold-silver results from the first 3 of 21 diamond drill holes completed to date on a discovery named Zoe at Cerro Moro, Santa Cruz Province, Argentina. Visual inspection of the core, without the benefit of assays, suggests that drilling has just entered the mineralized zone and that mineralization continues at depth. Full Story |
$50 silver - The Price Point of Liberty
By: Jack Mullen | 18 April, 2011
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| $50 dollar silver is the first sign of blue sky after a devastating storm. It's the morning after sunshine bringing people out of hiding and together again for the process of rebuilding with the promise of a new start. Full Story |
Silver ready to pass $50-an-ounce this week to set new all-time high
By: Peter Cooper | 18 April, 2011
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| Silver looks set for a sprint past its all-time high of $50 established 31 years ago this week. But with Goldman Sachs now advising its clients to get out of commodities and Glencore, the world’s largest commodities trader launching its $11 billion IPO most probably on Thursday, the end of this surge could come quickly. Full Story |
What Is Silver Screaming About?
By: Adrian Ash, BullionVault | 15 April, 2011
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| The CURRENT SURGE in bids to buy silver might seem dramatic, but it's more measured by far – to date, at least – than the true silver bubble of Sept. 1979 to Jan. 1980. Even so, you may as well call this a record price. In real terms, as Matt Turner at Mitsubishi told me this week, one ounce of silver briefly rose above 40 of today's US Dollars per ounce in 1864, when the American Civil War neared its climax. In nominal Dollars, the Hunt brothers' multi-billion-dollar corner only saw it more highly priced on 5 trading days in Jan. 1980. And while US investors waiting to buy silver are also still waiting for it to record a new intra-day high, it's already broken new ground against the British Pound and for most of the Eurozone, too. Full Story |
What Does Silver’s Recent Performance Relative to Oil Mean to Silver Investors?
By: Przemyslaw Radomski | 15 April, 2011
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| Summing up, the short-term signs appear bullish for precious metals market. This sentiment is supported in several key charts and at this time. It is difficult not to be excited about the outlook for silver today. Its performance in recent months certainly has not been a fluke and it appears that further price increases are likely for the white metal. Full Story |
Silver Offers the Only Positive Return
By: Dr. Jeffrey Lewis | 14 April, 2011
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| When thinking about an investment, the best managers look for returns that beat what they perceive to be average. In the long run, wealth is a relative measure—today, even the poorest people are wealthier than the richest people five hundred years ago, though we’d still say that today’s poor are poor. Full Story |
How the Hunt Brothers Capped Gold…Yes, GOLD!
By: Michael Maloney | 13 April, 2011
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| Millions of people have heard the “official” story of how the larger-than-life Hunt brothers drove the price of silver from under $2 an ounce to over $50 in an attempt to corner the market. At one point, the two colorful Texas oilmen owned the rights to more than half the world’s silver supply. But then it all came crashing down on Silver Thursday, March 27, 1980, when silver fell to under $11 an ounce. Instead of making billions, the richest men in America ended up losing the bulk of their family’s fortune. Full Story |
Why is Silver rising faster than Gold?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 13 April, 2011
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| Silver is breaking new records today at almost $40 and gold is touching new highs of $1,458. Looking back, over the last few years we have seen gold rise from around $312 to $1,458 a rise of 4.67 times and silver from around $6 to $40 a rise of 6.67 times. Full Story |
Why a $1m short-option against July silver is not so crazy
By: Peter Cooper | 12 April, 2011
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| The silver price dropped back below $40-an-ounce as news of a $1 million short-option just written against silver delivered in July circulated through the trading pits yesterday. Silver bugs will not like this but there is logic here. If the stock market pops, and the rally looks on its last legs as profits expectations are now too high and QE2 is about to end, then commodity prices will be dragged down too. Full Story |
Silver, the Canary in the Gold Mine
By: Darryl Robert Schoon | 12 April, 2011
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| Silver, the Canary in the Gold Mine was my talk at a Gold Standard Institute symposium in Canberra, Australia in November 2008. The topic could well describe today’s gold and silver markets. Today, both silver and gold are achieving record highs but silver’s accelerating price indicates silver may indeed be the canary in the gold mine, the leading indicator for gold’s long-awaited explosive move upwards, a move the Fed and major bullion banks have colluded since the 1980s to prevent. Full Story |
Endeavour Silver Reports Record Production in First Quarter, 2011; Produces 900,133 oz Silver (Up 17%) and 5,008 oz Gold (Up 33%)
By: Endeavour Silver Corp. | 11 April, 2011
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| Endeavour Silver Corp. (TSX:EDR)(AMEX:EXK)(DBFrankfurt: EJD) announced today that the Company set new records for silver and gold production in the First Quarter, 2011 from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State. Full Story |
Will Silver become money like Gold again?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 8 April, 2011
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| We have always referred to silver as the ‘long shadow’ of gold because its price moves with gold’s. When the gold price rises, silver rises more. When the gold price falls, silver falls further, but they move in sync. Why? Full Story |
Silver Is Getting Too Popular… Right?
By: Jeff Clark | 6 April, 2011
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| It’s no secret that the silver market is red hot. As I write, silver American Eagles and Canadian Maple Leafs are sold out at their respective mints. Buying in India has gone through the roof, especially noteworthy among a people with a strong historical preference for gold. Demand in China continues unabated. Silver stocks have screamed upward. Full Story |
Silver's Long-Run Value
By: Adrian Ash, BullionVault | 6 April, 2011
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| WE'VE BEEN inundated here at BullionVault with comments and queries in response to Gold Value $3844, Paul Tustain's new video presentation. Apologies if we've not got round to answering your email yet. Chief amongst the queries? "What's your view of silver?" Which on a risk-adjusted, 'fair value' basis, is tougher still to answer. Full Story |
United Mining Group Announces Bulk Sampling Results at the Crescent Silver Mine Project
By: United Mining Group, Inc. | 5 April, 2011
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| United Mining Group, Inc. ("UMG" or the "Company") (TSX:UMG) (Pinksheets:UMGZF) (Frankfurt:UM8) is pleased to announce geochemical results of the South Vein intercepted by the underground bulk sampling program currently ongoing at the Crescent Silver Mine in the Coeur d'Alene district of north Idaho. Full Story |
A Flaw In The Silver Topping Theory
By: Justin Smyth | 4 April, 2011
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| There seems to be a lot of silver pundits calling for a major top in silver lately. There’s basically two main reasons why they are calling for a top: 1) silver is currently stretched above its long term moving averages and 2) silver looks spiky on a chart. Anybody that has followed markets for a while and looked at charts knows that when they see things like that they should grow cautious. This is because they have most likely experienced the other side of a spike at least once, where the market snaps back hard to the downside. They have also likely experienced that hard move down with an overly aggressive position due to being too bullish at the top, which caused even more painful losses. Full Story |
Where has Silver come from and where is it going?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 1 April, 2011
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| GFMS produced the report for the Silver Institute published last week. We have used this as a basis for this article on silver supply and demand in the last three years. Our objective in this piece is to have recent history confirm what we expect of the future for silver. Full Story |
Nasdaq Bubble, Real-Estate Bubble… Silver Bubble?
By: Michael Kilbach | 1 April, 2011
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| Is silver in a bubble? In our opinion; no. But what can we learn from past bubbles? There are many ways to detect an investment bubble including extreme positive market sentiment, outrageous demand and speculation, widespread mainstream acceptance that the investment is a “sure thing” etc. In this article we would like to focus on the big picture perspective of a markets price performance. Full Story |
Diamond Drilling has Started on Orex's "Las Mesas" Gold-Silver Project in Durango, Mexico
By: Orex Minerals Inc. | 31 March, 2011
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| Orex Minerals Inc. – (REX: TSX-V) (ORXIF.PK)(“Orex”) is pleased to announce that its Phase-I diamond drilling program has commenced on the Las Mesas gold-silver project in northern Durango State, Mexico. Full Story |
All That Glitters Is Silver
By: The Gold Report | 31 March, 2011
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| With industrial demand almost exclusively driving the price of silver for years, investing in the white metal used to be simpler. Now investment demand is competing with practical demand to push silver prices ever higher. Investor interest in silver from large U.S. funds could result in as many as 60 new silver plays entering the market this year. These are heady days for silver with a lot of upside in the cards—if played right. Find out how in this Gold Report exclusive. Full Story |
JP Morgan Could Learn from the Treasury
By: Dr. Jeffrey Lewis | 31 March, 2011
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| JP Morgan has a new excuse for its massive silver and gold investments. Short or long, whichever it happens to be claiming at the moment, Morgan says it is holding the silver for clients. To buffer its claim, JP Morgan insists the holdings are the result of a new lending window it created, where investors can deposit their gold for safe-storage and obtain a loan in the amount of the gold borrowed. Full Story |
Buying Silver and Avoiding the Sharks
By: Richard Daughty, The Mogambo Guru | 30 March, 2011
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| I keep pounding, pounding, pounding the table that silver is the biggest bargain out there, for, at last count, a jillion reasons, and that anybody who does not buy silver Right Freaking Now (RFN) is making the mistake of a lifetime, and the family is all, like, “Will you please stop pounding the table? It is irritating and is making things spill, aside from the fact that we don’t have any money with which to buy silver, and you know that!” which devolved into a lengthy discussion about who among them was the most irritated with me and everything I say or do. Full Story |
Buying Silver to Combat the Vampire Craze
By: Richard Daughty, The Mogambo Guru | 29 March, 2011
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| Dominic Frisby of Money Morning newsletter quotes Nick Laird of Sharelynx as saying that the situation in silver is such that “since 1950, almost 925,000 tonnes have gone into demand with 570,000 tonnes of this having come from production. This leaves a shortfall of 350,000 tonnes, which has come from central bank sales, stockpiles and scrap. This deficit equals approximately 16 years of production.” Full Story |
GoldSeek.com Radio Gold Nugget: CEO Bradford Cooke, Endeavour Silver Corp. & Chris Waltzek
By: radio.GoldSeek.com | 28 March, 2011
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| Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) (TSX: EDR.WT) (DBFrankfurt :EJD) is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted six consecutive years of aggressive silver production and resource growth. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help Endeavour achieve its goal to become the next premier mid-tier primary silver producer. Full Story |
Silver Price Suppression: How, Why and Effect
By: Rob Kirby | 28 March, 2011
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| This paper is written as a response to market observers who opine, “how can the price of precious metals be suppressed when their prices have empirically gone up 4 fold and more over the past 10 years?” Full Story |
First signs of a parabolic spike for silver
By: Peter Cooper | 27 March, 2011
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| Any investor in silver must have found the past six months pretty exciting. This precious metal has more than doubled in that time. The pessimists see a high flying price heading for a fall, and they did so last autumn before this take-off. Full Story |
How Silver is Mined - Part 2 (video)
By: Endeavour Silver Corp. | 25 March, 2011
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| Ever wonder how silver mining actually works? How Silver is Mined Part 2 includes a unique look at what is it like inside a mine and learn about the silver mining and refining processes used. Presented by Endeavour Silver Corp. as part of an ongoing series of education films on all things silver. Full Story |
United Mining Group Announces US$9 Million Development Program to Accelerate Start Up of the Crescent Silver Mine
By: United Mining Group, Inc. | 24 March, 2011
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| United Mining Group, Inc. ("UMG" or the "Company"), (TSX:UMG)(Pinksheets:UMGZF)(Frankfurt:UM8) is pleased to announce a US$9 million pre-production mine development program and operations update on its intermediate-advanced stage Crescent Silver Mine project, located in Silver Valley Idaho, in the Coeur d'Alene Mining District. Full Story |
Silver Review and Outlook
By: Theodore Butler | 24 March, 2011
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| Good afternoon and thank you all for coming out today. I’d like to thank Joe Martin for inviting me and arranging this conference. This is my third Phoenix Silver Conference, so I thought I might review the silver market by first recapping the highlights of my first two speeches here and then cover what has transpired over the past year. Full Story |
Financial Conglomeration Gives Rise to Metals
By: Dr. Jeffrey Lewis | 23 March, 2011
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| Silver is the independent investors best asset class, having a market that has financialization (futures) and also tangibility (online and offline coin dealers). And despite the general sense of “too big to fail” on Wall Street, silver’s prices, though higher than in years previous, leave investors with the opportunity to buy into a historical asset class with valuations that are “too small to be unprofitable.” Full Story |
Endeavour Silver Reports Record Earnings, Cash-Flow and Revenues in 2010
By: Endeavour Silver Corp. | 22 March, 2011
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| Endeavour Silver Corp. (TSX:EDR)(AMEX:EXK)(DBFrankfurt: EJD) announced today record earnings, cash-flows and revenues for the fourth quarter and fiscal year ended December 31, 2010, thanks to the Company's sixth consecutive year of growing silver and gold production, lower cash operating costs and higher precious metal prices. Full Story |
Extorre Drilling at Union Domes and Cerro Puntudo Projects
By: Extorre Gold Mines Limited | 22 March, 2011
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| Extorre Gold Mines Limited (AMEX:XG; TSX:XG; Frankfurt: E1R, OTC: EXGMF – “Extorre” or the “Company”) is pleased to announce that drilling is underway at its Union Domes gold project and its Cerro Puntudo silver project in Santa Cruz Province, Argentina. Union Domes is located 18 km. south of the Company’s Cerro Moro discovery, whereas Cerro Puntudo is located 220 km. west of Cerro Moro and immediately south of the Coeur d’Alene Mines/Mirasol Resources’ Joaquin silver discovery. Full Story |
We Love Silver But We Respect The Trends – Be Careful
By: Michael Kilbach | 18 March, 2011
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| We believe in investing in long term bull market trends. To illustrate this point consider the following. In theory, with only two trades and two and a half long term trends, an individual could have turned only $10,000 into more than $47.6 million dollars. Full Story |
How Silver is Mined
By: Endeavour Silver Corp. | 18 March, 2011
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| Ever wonder how silver mining actually works? Silver formation, exploring for silver and a method for measuring the concentration of silver is covered in this first part of a two part documentary on the science of silver mining. Presented by Endeavour Silver Corp. as part of an ongoing series of educational films on all things silver. Full Story |
United Mining Group Announces US$4.3 Million Exploration Program at Crescent Silver Mine Project
By: United Mining Group, Inc. | 17 March, 2011
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| United Mining Group, Inc. ("UMG" or the "Company") (TSX:UMG)(Pinksheets:UMGZF)(Frankfurt:UM8) is pleased to announce a US$4.3 million Phase I exploration program at its intermediate-advanced stage Crescent Silver Mine project, located in Silver Valley Idaho, in the Coeur d'Alene Mining District. Full Story |
Eric Sprott: The Government Lied… There is No More Silver!
By: Casey Research | 17 March, 2011
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| Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, “There’s $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half… Which means there’s nothing left.” We’ve got the highlights of his speech in the video below. Listen as the CEO of Sprott Asset Management discusses the availability of precious metals, the price of gold, the GDP, national debt, and more. Full Story |
Chinese Hungry for Purchases of All Kinds
By: Dr. Jeffrey Lewis | 17 March, 2011
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| Without having feet on the ground, it is nearly impossible to understand precisely what is happening in China. The middle class is exploding, but jobs for skilled workers are few. New cities are going up overnight, but the pictures show that no one is actually living there. In many cities, hundreds of buildings are erected, left to be ghost towns for many months or even a few years before the buildings are again destroyed and new buildings are erected in its place. Full Story |
Silver vs. Tech Stocks
By: Justin Smyth | 14 March, 2011
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| It’s now been over a decade since the great tech bubble burst in the year 2000, but even today technology stocks are still popular among most investors and the financial media. There are good reasons for the continued popularity of technology stocks. Not only do tech companies deliver us cool new products each year, but many tech companies have delivered great stock returns as well. Full Story |
The Constraints on Silver Supply
By: Casey Research | 10 March, 2011
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| At the Casey Research Gold and Resource Summit, Bob Quartermain spoke about the constraints facing silver supply today, “Mine supply doesn’t meet demand and in many of the new applications silver isn’t being recycled, so it’s not going to come back into the scrap supply chain... We’ll have to go out and find new mines or new sources for silver; and that can only speak to higher prices.” Full Story |
Extorre Lists on the NYSE Amex Exchange Under the Symbol "XG"
By: Extorre Gold Mines Limited | 10 March, 2011
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| Extorre Gold Mines Limited (TSX:XG, Frankfurt: E1R, OTC: EXGMF – “Extorre” or the “Company”) is pleased to announce that its common shares have been approved for listing on the NYSE Amex, and will commence trading on Monday, March 14, 2011. The Company will trade under the symbol “XG” on both the NYSE Amex and TSX Exchanges. Full Story |
Utah Starts What Remaining States Should Finish
By: Dr. Jeffrey Lewis | 9 March, 2011
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| It wasn’t exactly headline news, but it wasn’t a quiet event either. The Utah state house has passed a new bill that would allow the state to explore solutions to issuing its own currency, one made of gold or silver, and it seeks to allow its citizens to trade in gold and silver as bullion, not as arbitrary dollars. The bill, which many expect to fail in the state Senate, is certainly another small victory in the move toward sound money. Full Story |
What’s driving the Silver Price?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 9 March, 2011
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| The Silver Price is hitting new recent highs at $36.55 today in a more vigorous performance than even gold. Many in the developed world precious metal markets are amazed at the performance of silver and see this continuing, whereas others feel it is running away with itself. The “backwardation” in silver [when ‘spot’ – or immediate delivery prices are higher than for future delivery] has stressed just how much immediate demand there is for silver and clearly a physical shortage of the metal has arisen. There are two apparently conflicting pictures of the role of silver. The industrial side of silver demand, currently thriving and the investment side, which is also thriving and should continue to do so. Full Story |
Endeavour Silver Expands Its Silver/Gold Resources for 7th Consecutive Year
By: Endeavour Silver Corp. | 8 March, 2011
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| Endeavour Silver Corp. (TSX: EDR, NYSE-Amex: EXK, DB-Frankfurt: EJD) announced today that for the seventh consecutive year, the Company has grown its silver and gold resources in Mexico. Endeavour released today its updated NI 43-101 reserve and resource estimates to December 31, 2010 (see table below) for its two producing silver mines (the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State) and two exploration projects (the Parral Project in Chihuahua and Arroyo Seco Project in Michoacán) in Mexico. Full Story |
Bifurcation in Precious Metals Complex and the Implications
By: Jordan Roy-Byrne, CMT | 8 March, 2011
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| Silver has been red hot lately and the silver shares have joined in the fun. Yet, we haven’t seen a corresponding breakout in Gold or in the gold shares (as evidenced by GDXJ and GDX). In the chart below we show SIL (large silver stocks), Silver, Gold, GDXJ (gold juniors) and GDX (large cap golds). Full Story |
Endeavour Silver Announces Transfer of Common Share Listing From NYSE Amex to the New York Stock Exchange
By: Endeavour Silver Corp. | 7 March, 2011
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| Endeavour Silver Corp. (TSX:EDR)(AMEX:EXK)(DBFrankfurt: EJD) announced today that it has received approval to list its common shares on the New York Stock Exchange (NYSE). Trading is scheduled to commence on March 14, 2011 under the ticker symbol EXK. Full Story |
Silver Shocker
By: Theodore Butler | 7 March, 2011
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| The big surprise was in the silver COT, where the big 4 increased their net short position by 3000 contracts on the previously mentioned reduction of 1300 contracts in the total commercial net short position. This increase in the big four’s short position broke the pattern of a reduction in the concentrated short silver position that had been in force for months. The increase in the concentrated short silver position was so unexpected by me that I thought, at first, it must have been a mistake. Full Story |
Investing in Silver Instead of Toilet Paper Currencies
By: Richard Daughty, The Mogambo Guru | 5 March, 2011
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| I was intrigued by an essay titled “What You Need to Know About Buying Silver Today”‘ which came as the result of Jeff Clark, of Big Gold, being interviewed by The Daily Crux. Of course, Mr. Clark knows all the reasons to buy silver, and deftly ticks them off, one after another, as I would do if they ever asked me, instead of everyone always rudely shouting at me, “Hey! You can’t come in here!” and “Don’t eat that!” and, “Stop yelling at me to buy gold, silver and oil stocks as protection against the suicidal lunacy of the Federal Reserve creating so much money!” Full Story |
As Silver Prices Rise, Silver Volatility will Grow
By: Dr. Jeffrey Lewis | 2 March, 2011
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| It does not seem uncommon to log online or turn on a TV and see silver head higher. Save for a few weeks in January, the trend toward higher prices has been in effect since August, when most people were still thinking silver at $20 was overvalued. At $33, it’s still a bargain. Full Story |
Bang Bang, Maxwell Silver Hammer
By: Jim Willie CB | 2 March, 2011
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| Everybody loves the Beatles, whose strange songs are stuck in the memory of millions of people. "Bang, bang, Maxwell's silver hammer, came down upon her head. Bang, bang, Maxwell's silver hammer, made sure that she was dead." Little did the legendary Beatles realize they were providing the theme song for the linchpin of the USDollar in its lethal slide into the dustbin of fiat currency history. The song might have referred to Blythe Masters herself, the arrogant megalomaniac in wait, the JPMorgan queen of ruin. Full Story |
US Mint Must Pay More For Silver
By: Bix Weir | 2 March, 2011
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| By stopping the production of US Silver Eagle Coins you are in violation of Public Law 99-61 which requires you to produce these coins "in quantities sufficient to meet public demand . . . " The Laws of the United States of America are put on the books to facilitate the proper functioning of our society. It is not within the powers of the US Mint to decide which laws are obeyed and which are discarded. Full Story |
Silver Outweighs Gold
By: Peter Schiff, CEO of Euro Pacific Precious Metals | 2 March, 2011
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| In the world of precious metals, silver spends a lot of time in the shadow of its big brother gold. Gold, with its high price-to-weight and distinctive yellow tint, has always occupied a special place in the human psyche. To many people across many ages, gold is simply the ultimate form of money - and, as a long-term, stable store of value for one's personal wealth, I agree it's hard to beat. However, rare circumstances are aligning today that I believe will make silver the true champion of this bull run. Full Story |
Printing Enough Money to Buy the World’s Silver
By: Richard Daughty, The Mogambo Guru | 2 March, 2011
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| I thought I had heard all the good arguments to buy silver, mostly from me asking myself two important questions. First, “Why am I not buying silver when it is so obviously going to go much, much higher in price because of the absurd Federal Reserve insanely creating so much money, which causes inflation, which always makes the prices of precious metals soar?” Full Story |
Top in Stocks and Silver?
By: Przemyslaw Radomski | 1 March, 2011
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| Summing up, the general stock market is verifying a breakout above previous highs and the same situation is also seen for silver. We mentioned the possibility of small consolidation periods in the precious metals markets our recent commentary, so seeing this now leads to us to refrain from any serious bearish sentiment. Conversely, the situation remains bullish. Full Story |
Endeavour Silver Expands Indicated and Inferred Silver-Gold-Zinc-Lead Resources at the Parral Project in Chihuahua State, Mexico
By: Endeavour Silver Corp. | 1 March, 2011
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| Endeavour Silver Corp. (TSX: EDR, NYSE-Amex: EXK, DB-Frankfurt: EJD) released today an NI 43-101 resource estimate for its Parral Project located adjacent to the city of Hidalgo de Parral in Chihuahua State, Mexico. The indicated and inferred resources were expanded significantly as a result of Endeavour's exploration drilling program in 2010. Full Story |
Silver and the New Decade
By: David N. Vaughn, Gold Letter, Inc. | 28 February, 2011
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| The decade from 2000 to 2010 is now forever behind us. So what is in store for the new decade? 2010 to 2020? The last decade was a good time to prepare and recognize that severe chaos was on the way. And that chaos is like a boiler slowly building up pressure. Full Story |
What You Need to Know About Buying Silver Today
By: The Daily Crux and Jeff Clark | 24 February, 2011
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| It’s hard to believe that less than three years ago, silver was $8.80 an ounce. Since then it has nearly quadrupled in value (up 385%) and more than doubled in the last 12 months alone. That’s great for those who already own the metal – but is it too late for the rest of us to get in? To answer that question, BIG GOLD Editor Jeff Clark sat down with our friends of The Daily Crux. Read what he had to say about the silver rally, and why you should view any correction as good news. Full Story |
Speak Up and Be Heard
By: Theodore Butler | 24 February, 2011
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| On several occasions over the past couple of years, thousands of you have taken the time to write to The Commodity Futures Trading Commission (CFTC) concerning the issue of position limits in COMEX silver. Now the CFTC has solicited your opinion again for what will be the last time. Full Story |
China Steps up Silver Purchases
By: Dr. Jeffrey Lewis | 23 February, 2011
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| Carefully hidden in the depths of a recent Forbes blog was perhaps one of the most important stories for all of 2011, at least for silver. Robert Lenzner wrote that “China’s Industrial and Commercial Bank (ICBC) reports purchases of physical gold and gold-related investments are growing at record setting rates.” Full Story |
Getting to Know Crisis Premiums
By: Dr. Jeffrey Lewis | 23 February, 2011
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| There’s a term gold and silver investors like to use to describe changes in premiums based solely on changes in the markets and demand for physical metals: the crisis premium. The crisis premium was most recently encountered at the turn of the new millennium when hundreds of thousands of people stashed record collections of gold and silver to protect against what was supposed to be the worst electronic catastrophe ever. Bank balances were supposed to go to zero, and computers were to become virtually worthless when the date rolled over to 01/01/00. Of course, that never happened, no one died, and the sun still rose the next morning. Full Story |
A Silver Investor’s Call to Arms
By: Bix Weir | 23 February, 2011
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| Ted Butler just sent out a message to post a comment on the CFTC website for the new position limits ruling. IF we get enough people to DEMAND a limit of no more than 1,500 contracts in silver we may be able to END THE MANIPULATION! Full Story |
A Sound & Credible Currency
By: Adrian Ash, BullionVault | 23 February, 2011
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| "SILVER HITS new all-time highs in Euro" proclaimed Zero Hedge on Monday. Regular readers of the blog site won't choke to know it was wrong, this time by only one third. Mistaking (and showing) a chart of month-end prices for a chart of daily silver prices, Zero Hedge's pseudonymous host, Tyler Durden, missed the true Euro-equivalent spike to €32.80 per ounce of 18 January 1980 – hit in what was then the Deutsche Mark the very same day that silver priced in Dollars also hit its all-time high to date...some 44% above this week's top. Full Story |
Why I'm Buying Silver at $30
By: Jeff Clark | 22 February, 2011
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| The silver price has bounced 27% since January 28, a huge advance for a measly 16 trading days. It's already soared past its 2010 high and was selling for less than $16 this time last year, a double in 12 months. So, is it pricy? Or should we ignore the run-up and keep buying? Full Story |
Fecks, Lies and Video Tape [or the Cabal Channel]
By: Rob Kirby | 22 February, 2011
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| The purpose of this article – it’s an attempt to bring some transparency to what’s really happening in the precious metals complex by underscoring the words and actions of players in the Central Banking community. Attention is drawn to the fact that these elitists lie as a matter of policy but are prone to making simple mistakes like all humans do. Specifically, light is shone on the degree to which these same elitists will go to keep their surreptitious market activities ‘secret’ and their irredeemable fiat currencies viable. Full Story |
Silver Train Is A Coming Are You Onboard
By: Stewart Thomson | 22 February, 2011
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| The Silver Train. Are you onboard? Just about six weeks ago, at the January highs for Silver, the average daily movement for Silver was about 50 cents a day. What is it now? It’s 50 cents an hour! I spoke yesterday about the new $30 to $40 Silver “Range Of Play”. This morning you have approx. two dollars an ounce of visible weakness on the chart, in the range of play, to buy into. My suggestion: Do it now! Full Story |
Fractal Analysis Suggests Silver to Reach $52 - $56 by May - June 2011
By: Goldrunner (with Lorimer Wilson) | 22 February, 2011
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| Dollar Inflation remains the driver of the pricing environment for almost everything denominated in U.S. Dollars as long as the Fed continues to monetize debt. The debt monetization creates Dollar Inflation that results in Dollar Devaluation. As the Fed ramps up the QE II that they have announced will end in June, I expect Gold, Silver, and the PM stocks to aggressively rise. Full Story |
New Discovery by Extorre in Santa Cruz Province, Argentina
By: Extorre Gold Mines Limited | 22 February, 2011
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| Extorre Gold Mines Limited (TSX:XG)(Frankfurt:E1R)(Pinksheets:EXGMF) ("Extorre" or the "Company") is pleased to announce the discovery drill results from reconnaissance drilling on the Falcon property, located 80 kilometres to the northwest of Cerro Moro, and 6 kilometres to the northeast of Mariana Resources' Dos Calandrias project. Four of five initial holes have intercepted broad zones of gold - silver mineralization. Full Story |
Silver Poll Results: How high will silver reach in 2011?
By: SilverSeek.com | 21 February, 2011
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| Poll: How high will silver reach in 2011? #1 Result: $50+ (41.39%) LIVE Survey: Do you favor investing into Gold and Silver Stocks or Physical Metal? Full Story |
Growing Industrial Demand Buoys Silver Outlook
By: Mike Stall | 21 February, 2011
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| Irrespective of the concerns over financial tightening, talks of a gold bubble and economical weakness, gold marked its tenth straight annual gain in 2010. Not only gold, other members of the precious metal group such as silver and platinum were also up last year. At this juncture, last year’s bull run appears to be running out of steam. However, both technicals and fundamentals indicate improved investment options in precious metals, particularly silver, if you have a long-term investment horizon. Full Story |
Silver moves past old high and heading much higher
By: Peter Cooper | 21 February, 2011
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| A week ago and you could have made a good argument for the silver price being at a double top. And typically after confirming a previous high, a downturn would be in prospect. But not after prices jumped to $32.60 by the end of the week, comfortably placing silver in a fresh stage of upward momentum. Full Story |
Is This Silver Breakout For Real?
By: Justin Smyth | 18 February, 2011
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| Silver seems to be exceptionally good at taking as few people along for the ride as it can. This can be frustrating for silver investors, but is great for the health of the long term bull market in silver. The only way bull markets sustain themselves over the long term is to rebalance sentiment along the way, to prevent overwhelming bullishness from extinguishing the long term rally. Full Story |
Backwardation: What Everyone is Missing
By: Dr. Jeffrey Lewis | 17 February, 2011
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| Prudent investors make wise markets: this should be the quote above every trading desk. The enemy of the hedged investor is not wild markets, nor bearish markets; it is their own emotions. With silver prices reeling to highs we haven’t seen since the 1980s, every piece of information has earned some urgency. Immediately, the world attempts to decipher new developments and information as if there is some sort of end of the world scenario looming below. Full Story |
How Much More Demand Can Silver Handle?
By: Jeff Clark | 16 February, 2011
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| The numbers for silver demand are starting to make some market-watchers nervous. The U.S. Mint sold over 6.4 million silver Eagles in January, more than any other month since the coin’s introduction in 1986. China’s net imports of silver quadrupled in 2010, to 122.6 million ounces, roughly 13.7% of global production. Meanwhile, mine production can’t meet worldwide demand; the only way demand gets fulfilled is from scrap supply. Full Story |
Accumulate Gold but Be Cautious on Silver
By: Jordan Roy-Byrne, CMT | 16 February, 2011
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| Why is Silver continuing to outperform Gold? The Silver/Gold ratio tends to lead or follow the stock market. Risk assets are outperforming. Silver is outperforming Gold as a risk asset. It is not outperforming for monetary reasons. That occurs when both Gold and Silver advance but Silver outperforms Gold. This is one of several reasons why bugs should be wary of Silver in the near-term. Full Story |
Silver and Opium
By: Professor Antal E. Fekete | 16 February, 2011
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| The opium wars do not belong to the glorious episodes of Western history. Rather, they were instances of shameful behavior the West still has not lived down. Mercantilist governments resented the perpetual drain of silver from West to East in payment for Oriental goods (tea, silk, porcelain) that were in high demand in the Occident, facing low demand in the Orient for Occidental goods. From the mid-17th century more than 9 billion Troy ounces or 290 thousand metric tons of silver was absorbed by China from European countries in exchange for Chinese goods. Full Story |
Why Silver Sales Demand Excitement
By: Richard Daughty, The Mogambo Guru | 16 February, 2011
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| Being a Big Silver Buff (BSB) like I am, I note the ups and downs of silver. Lately, it’s been mostly the downs. This strange downtrend in the silver price makes me look like an idiot after I so arrogantly Highly, Highly Recommended (HHR) that people buy silver, buy silver, buy silver all these years, and I’m pretty testy about it, too. Full Story |
Will Silver Do Better Than Gold?
By: Steve Saville, The Speculative Investor | 15 February, 2011
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| Many analysts are convinced that silver is going to outperform gold this year and for years to come. Are they right? We don't know. What we do know is that: a) most of the recent silver-related commentary has focused on silver's upside potential and has not mentioned, or has glossed over, silver's downside risk, and b) silver bulls are generally ignoring the relationship between the silver/gold ratio and the economic growth theme. These two points go together in that silver's downside risk is linked to the potential for the 'growth trade' to collapse. Full Story |
Silver Long Term Update
By: Chintan Karnani, Insignia Consultants | 13 February, 2011
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| I have been a bull all my life and I will continue to remain a silver bull all my life. But silver has the tendency to fall much faster than any other metal in the event of a bear run. It is this tendency which scares low risk investors away. However silver’s performance in 2010 has a lit a fire in the mind of retail investors that he needs to invest in silver. I am now being asked by a huge amount of people whether they can invest at current prices. A few years ago I used to tell the same people to invest in silver but they ignored my advice. Full Story |
Municipal Bond Shock Could Ignite Silver Charts
By: Dr. Jeffrey Lewis | 10 February, 2011
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| Less than 45 days into 2011, it appears that this just may be the year of the paper recovery, but that doesn’t mean that lingering problems have been wiped away. At center stage now is the municipal bond market, which having grown tremendously as investors fled to safe havens in 2009, may soon find itself in a perilous situation. Full Story |
The Rarest Earth
By: Theodore Butler | 9 February, 2011
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| Since I’m not a REE expert why am I writing about them? The answer has to do with silver. Silver shares many characteristics with the rare earth elements and there is a lot to learn from them in our analysis of silver. In fact, the purpose of this article is to make the case that silver is the rarest of all the rare earth elements. Full Story |
Buying Silver While It’s Still Relatively Cheap
By: Richard Daughty, The Mogambo Guru | 8 February, 2011
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| James Cook of InvestmentRarities.com reminds us, in his “Market Update” newsletter, that the silver inventory held above ground totals 1.4 billion ounces, and that annual industrial use of silver is 900 million ounces, so that a year and half’s worth of silver exists, “although a third of it is destined for industrial consumption,” which has been increasing its use of silver by 18% in 2010. Full Story |
An Open Letter to the E.P.A., Region 10
By: David Bond | 7 February, 2011
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| What part of NO! do you not understand? When all seven villages and cities of the Coeur d'Alene Mining District say NO! to your 50- to 90-year, billion-dollar-plus Superfund juggernaut, please consider the significance of this historical unanimity. Full Story |
Extorre Extends High Grade Gold-Silver Zones at Cerro Moro
By: Extorre Gold Mines Limited | 7 February, 2011
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| Extorre Gold Mines Limited (TSX:XG, Frankfurt: E1R, OTC: EXGMF – “Extorre” or the “Company”) is pleased to report that discovery drilling continues to extend gold-silver mineralization at its 100% owned Cerro Moro Project, in Santa Cruz Province, Argentina. The latest drilling has returned high grade to “bonanza” grade intersections from the Esperanza, Gabriela and Martina veins. Full Story |
Silver to Soar in 2011, says Investment Guru
By: Marc Davis | 7 February, 2011
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| Silver promises to become the next big buzzword among investors in 2011 and beyond, according to one of the investment industry’s most prescient and successful experts on precious metals. Eric Sprott is the founder of the Toronto-based investment firm, Sprott Asset Management LP. His renowned hedge fund, Sprott Hedge Fund LP, is heavily weighted in precious metals and has generated an estimated 23% annualized return over the past decade. Other similarly oriented funds under his stewardship have also been stellar performers in recent years. Full Story |
Silver Breaks its Golden Shackles
By: Adrian Douglas | 7 February, 2011
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| Since September 2010 silver has broken its golden shackles. The algorithmic trading that kept the price of silver subdued for seven years has been completely annihilated. On Friday silver closed in complete backwardation on the Comex. Spot silver closed at $29.075/oz while FEB 2011 closed at $29.064/oz and DEC 2015 closed at $29.026/oz. I believe this is the first time in history that this has happened. Silver traded in backwardation between the spot price and futures contract up to one year out during the blatantly manipulative precious metals bashing of January, but now the entire futures structure is in backwardation. This is a sure sign there are shortages of silver because it means that buyers will pay a premium for silver delivered sooner rather than later. Full Story |
Chinese Silver Buying Just Beginning
By: Dr. Jeffrey Lewis | 3 February, 2011
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| Just a few decades ago, China the Giant was barely a mortal. It produced most of what it consumed, and the corporate mega-producers installed during the darkest days of Asian freedom and democracy produced all the commodities the country might need within its own borders. Full Story |
Endeavour Silver 2010 Exploration Review and Exploration Plans for 2011
By: Endeavour Silver Corp. | 2 February, 2011
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| Endeavour Silver Corp. (TSX: EDR; NYSE-Amex: EXK; DB-Frankfurt: EJD) released today its review of exploration results in 2010 and its exploration plans for 2011. The Company's exploration drilling programs in Mexico met with continued success in 2010, highlighted by the discovery of new, high grade silver-gold mineralized zones near Endeavour's two silver mining operations, Guanacevi Mines in Durango State, and Guanajuato Mines in Guanajuato State. Full Story |
United Mining Group is Set for Silver Production in Idaho Next Year
By: Ted Niles | 31 January, 2011
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| Silver production in Idaho’s Silver Valley is about to resume. United Mining Group inked a milling deal January 11 with New Jersey Mining Company. “NJMC have an existing mill and the expertise,” President Greg Stewart explains, “but the milling capacity was smaller than what we needed. So we went to them and basically reached an agreement for a commitment where, in exchange for expanding the mill, we would get the milling capacity plus an ownership position in the mill.” Full Story |
A Simple Shake Could Set Silver Free
By: Dr. Jeffrey Lewis | 27 January, 2011
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| There is no more silver! Really, there isn’t any left. There is a danger lurking in the shadows of the COMEX silver market. Prices are (generally) rising, but the supply of silver is falling, and it’s falling quickly. Why, you ask? Unfortunately, there has been confusion in the paper and physical metals market…as if silver investors hadn’t already noticed. Full Story |
New Extorre Video Presentation
By: Extorre Gold Mines Limited | 24 January, 2011
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| Extorre is a Canadian public company listed on the Toronto Stock Exchange (symbol XG) and on the OTCQX (symbol EXGMF). Extorre’s assets comprise approximately $42 million in cash, the Cerro Morro and Don Sixto projects, and other mineral exploration properties in Argentina. Full Story |
The Value Case for Silver
By: Dr. Jeffrey Lewis | 21 January, 2011
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| The prices for commodities can change quickly and wildly, and in many cases, investors can hold commodities for years without any realization of profits. The wild cyclicality is what has kept many out of the commodities markets, and it is the reason why so many value investors choose to ignore commodities as a broad investment alternative. In respectful disagreement, making the case for a value investment in silver is a cakewalk at worst. Full Story |
2011: When M0 Becomes M2
By: Dr. Jeffrey Lewis | 20 January, 2011
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| Silver investors who have been stockpiling physical silver on massive global changes in monetary policy have been a bit ahead of themselves. While the fear of inflation exists in very broad detail, the realizations of inflation have yet to show themselves. Full Story |
Silver Investors: Pick Your Poison
By: Bix Weir | 20 January, 2011
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| For 10 years I've been hearing from the mainstream media, silver market analysts and even big time silver bugs the various reasons why Silver prices will NEVER skyrocket. There is always some GRAND REASON why my huge price projections of $7,000/oz for silver will never come true. It's gotten to the point that the BEST thing to do when one of these "oh-so-important" discoveries comes to light is to CLOSE YOUR EYES AND JUST KEEP BUYING SILVER! Full Story |
Changing to a Silver Economy
By: Michael S. Rozeff | 14 January, 2011
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| The main bottom line is that if the laws are altered, this opens up all sorts of possible alternative currencies in all sorts of situations where currency is now used. There would be nothing to stop manufacturers who supply stores with retail goods from paying their employees in Ag units that the employees then use to buy goods from the stores. The free market economy can quite easily transition to a silver economy or to an economy with multiple currencies based on other units of account or redemption, and they can all be on a 100% deposit or 100% fractional-reserve basis. Full Story |
Silver's Tactical Performance
By: Dr. Jeffrey Lewis | 12 January, 2011
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| “Tactical performance” is a word we'll all have to grow accustomed to reading, as more and more weight of the markets is placed in the hands of investment managers or quick acting computer models. The best example of tactical performance was the first week of trading for the gold and silver markets, when there were numerous “tactical” changes to investment portfolios, as we just witnessed. Such reallocation (taking profits from winners, adding to undervalued losers) is big business, and fund managers like to make such portfolio revisions at a time most convenient: late December and early January. Full Story |
China Sets Stage for Vacuuming World's Silver
By: Dr. Jeffrey Lewis | 12 January, 2011
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| China's monetary policy is increasingly a main driver of gold and silver prices because so many Chinese can now afford metal investments and are willing to snap them up. Recently, though, China took one of the most aggressive steps to take control of the 2011 silver supply. This year, China anticipates it will allow its currency to advance some 5% against the dollar after previously allowing for only a 3.6% advance in 2010. Such a massive increase, many believe, could tip the metals scale. Full Story |
SILVER: What happens when...
By: Bix Weir | 11 January, 2011
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| Whether or not you believe in the silver conspiracy stories there is one fact that all silver investors are in agreement with...SILVER is an amazing investment opportunity from any angle you choose to analyze it. From the industrial angle silver is as indispensable to manufacturing as oxygen is to humans with new uses gobbling up silver faster than Mrs. Packman gobbles up those little yellow dots. Full Story |
How to Escape from Debt Slavery
By: Voltaire | 8 January, 2011
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| If you have poor, if you have net negative worth, there is hope. Once you have the bare necessities covered, buy silver. Don’t expect inflation to bale you out. When we get a new currency system, your debt will likely still be there. What is coming is a dollar devaluation, not a hyperinflation with wages being adjusted. Dollar debt will be wiped out, but primarily with respect to gold, not with respect to wages. Full Story |
Three December Details You Hopefully Haven't Forgotten
By: Dr. Jeffrey Lewis | 5 January, 2011
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| As January and the new year kick off to a fast start, we shouldn't be so quick to forget about 2010, especially the events of December 2010. A number of very important news releases will set the stage for the silver markets in 2011, and interestingly enough, one company, JP Morgan, is featured in each. Full Story |
Facebook worth More Than the Entire Silver Market
By: Peter Cooper | 5 January, 2011
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| The truly staggering valuation of $50 billion that Goldman Sachs has placed on Facebook, the Internet social networking website is significantly higher than the estimated $30 billion value of silver held in the vaults of the world. Does this mean that Facebook is hugely overvalued in a tech stock bubble reminiscent of the 2000 crash? Or that silver is massively undervalued as a commodity that still trades for less than its all-time high 30 years ago? Or both? Full Story |
Silver Leads the Way
By: The One-handed Economist | 3 January, 2011
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| 2011 is starting off with a bang for the precious metals. Price action for gold and silver continues to confirm massive breakout moves to the upside. Above we have the 1 year chart of Silver showing two ascending triangles since the clear breakout in September 2010. Full Story |
Silver Price Prediction for 2011
By: Voltaire | 31 December, 2010
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| Here is my silver price prediction chart for 2011. I will update this chart each month throughout the year so that you can see how I am doing. Send me your prediction, which consists of your predicted price at the end of trading in New York on the first day of each month. Indicate whether or not you want your chart to appear on the graph with mine, your data will be entered into a pool of values. I will post the median price each month based on the pool. Full Story |
The Collapse of Price Fixing Will Keep Silver Prices Rising
By: Peter Cooper | 31 December, 2010
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| Reliable market estimates suggest that there around two billion ounces of gold held above ground in bullion, and only one billion ounces of silver. Over time there has been far more silver mined than gold, say around 45 billion ounces, but it has almost all been consumed by industry. Much more of the five million ounces of gold mined by mankind remains. Full Story |
Gold/Silver Ratio Reconsidered
By: Metal Augmentor | 30 December, 2010
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| It is a commonly held belief by many precious metal investors and even a good percentage of market pundits that silver always outperforms gold during the latter stages of a precious metals rally. When the chart action goes parabolic — such as in January 1980 or May 2006 — silver is at its most profitable, or so the thinking goes. The truth, however, is that silver outperforms gold only during orderly and strong price advances that remain trend-bound. Once gold and silver prices achieve the wildfire stage, the blond metal can outshine its albino sibling both on the way up and especially on the way down (by falling less, of course). With incorrect notions in hand about gold and silver price action, both pros and amateurs can make fundamentally-mistaken allocation decisions in their precious metals portfolios that can be painful in the short and long run. Full Story |
Timely Silver Love from the WSJ
By: Dr. Jeffrey Lewis | 29 December, 2010
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| While it has become a bit of a meme that “the revolution (in currency) will not be televised,” at least one mainstream news outlet is starting to focus some attention on the improving metals market. All across the world, the headlines from the Wall Street Journal read “Price of Silver Soaring,” as two journalists document the explosion in investment interest in the metals markets. Full Story |
Class action against Morgan, HSBC specifies silver manipulation mechanism
By: Chris Powell, Secretary/Treasurer, GATA | 28 December, 2010
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| A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds. Full Story |
Rick Rule Very Bullish On Silver For 2011
By: Peter J. Cooper | 27 December, 2010
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| The perennial star of the Agora Financial Forum held each year in Vancouver, veteran stock broker Rick Rule came out strongly in defense of silver as a top pick for 2011 in an interview on King World News. Asked whether silver shortages would continue he said: ‘I suspect it’s true. One of the things that happens at least in the near-term, shortages and the price rises that they cause ironically exacerbate shortages. Meaning that more people are attracted to speculations in silver as the price goes up. The price of course has gone up because of that attraction. Full Story |
Paper, Plastic, or Silver
By: Michael "Woody" O'Brien ChFC | 24 December, 2010
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| People who own silver know the reasons why it keeps going up, but they are not usually very chatty about telling others. For the bull market in precious metals to power forward to the next level, it's in the enlightened self interest of every bullion investor to start offering to pay others in metals. Full Story |
Why silver is the top pick for 2011
By: Peter J. Cooper | 24 December, 2010
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| Search back in the archives of ArabianMoney and you will find gold as our tip for 2010 (click here). Not bad, the yellow metal gained more than 26 per cent but it played second fiddle to silver as the best bet of the year up more than 70 per cent. Full Story |
A Show Stopper
By: Theodore Butler | 22 December, 2010
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| For all those who watched the historic CFTC meeting December 16th on position limits, no, your eyes didn’t deceive you – the meeting ended strangely and abruptly. No vote was taken on the staff’s proposal and you should be scratching your head at what actually transpired. As strange as the sudden adjournment to the most important meeting in CFTC history might be, there was a wealth of knowledge and confirmation to be drawn from it. This meeting was perhaps the most significant and positive development towards ending the long-term silver manipulation that I have witnessed in my 25 year involvement. Silver investors should come away from this meeting with a strong conviction of how things will turn out. Full Story |
Silver Outperforms Gold - Profit! Silver Underperform Gold - Profit Again!
By: Mike Stall | 21 December, 2010
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| In our earlier essay, we saw how the silver-gold pair is ideal to bet on for mean reversion. We also saw how to make use of the mean reverting properties of any ratio. Continuing on that topic, we will investigate whether mean reversion holds true for the gold-silver ratio in particular. We will examine variables one should watch over when looking at regime changes (points where the mean is set to new values). We will also explore a simplistic trading strategy on the ratio based on some core parameters that determine entry and exit points. Full Story |
Changes on the General Stock Market - Will Silver Decline?
By: Przemyslaw Radomski | 21 December, 2010
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| Summing up, the long-term outlook for the white metal is bullish although the short-term appears unclear and very much mixed at this time - with a slight bearish bias. As the saying goes “when in doubt, stay out“. Any speculative positions in silver should be opened only by the most risk-tolerant Traders. Full Story |
Are U.S. metal-shorting banks moving to hide their positions outside the country?
By: Chris Powell and Adrian Douglas | 20 December, 2010
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| GATA Director Adrian Douglas, publisher of the Market Force Analysis letter, today published a letter he has sent to U.S. Commodity Futures Trading Commission member Bart Chilton, disclosing that even as the gold and silver short positions of U.S. banks have been declining over the last year, gold and silver short positions lately have been increasing dramatically among banks headquartered outside the United States. Full Story |
Charting Silver
By: Howard S. Katz | 20 December, 2010
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| Right now commodities are where the action is in the financial markets. And the precious metals are where the action is in the commodities market. And silver is where the action is (for the time being) in the precious metals markets. Silver can be described as gold’s little brother. It lags along behind gold, underperforming for a long time. Then, all of a sudden, it comes to life, makes up all of its underperformance and goes on to exceed gold to the upside. Full Story |
3 Things to Watch As Silver Season Ends
By: Dr. Jeffrey Lewis | 20 December, 2010
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| Silver season is coming quickly to a close after one of the best five month rallies in silver history. From mid-August to early December, silver managed to rise more than 66% from top to bottom, a sign of silver's strength against what is normally a positive, but not nearly as pronounced, rise in silver prices. In moving forward, there are three main events on which silver investors need to focus. Full Story |
Empire of Fraud no. 9 (How to Play the Silver Spike)
By: Vincent Bressler | 20 December, 2010
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| At the current gold to silver price ratio of about 47:1, silver is a low risk investment with a large potential reward. If you are interested in silver, then you know the bullish arguments. What I'm telling you here, is how to play the coming silver spike. Full Story |
Don’t Forget Where You Came From
By: Michael Kilbach | 17 December, 2010
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| Unfortunately, due to millions of years of evolution, human beings make absolutely terrible investors. It appears that most investors seem to have a good memory for very long term trends and very short term trends but for some reason they seem to forget about the intermediate term trends. As a result of this they lose money! Full Story |
Silver price up as JP Morgan cuts short position and backwardisation rules
By: Peter J. Cooper | 16 December, 2010
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| Silver market experts have long pointed to the massive short position held by several major banks as the prime reason for the metal being underpriced and the only commodity still trading below its all-time high of thirty years ago. Full Story |
Market riggers are feeling the heat, so help GATA turn it up
By: Chris Powell, Secretary/Treasurer, GATA | 13 December, 2010
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| As you read with delight tonight's Financial Times story about the difficulty in which J.P. Morgan Chase & Co. apparently has found itself with silver (http://www.gata.org/node/9419), it may be worth remembering the remark variously attributed to those most cynical statesmen Metternich and Talleyrand during the Congress of Vienna, which reorganized Europe in 1815. Told by an aide that the Russian ambassador had just died, Metternich -- or Talleyrand -- supposedly responded: "I wonder what his motive was." Full Story |
Something’s Wrong in the Silver Pit: But It’s Much Bigger than J.P. Morgan
By: Rob Kirby | 10 December, 2010
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| Any way you slice it – precious metals data reporting on the part of American regulators is atrocious. Simple MATHEMATICS tells us a gold / silver ratio at 48:1 is EXTREMELY contrived and REEKS of manipulation on the part of the Federal Reserve and the Banks they are charged with regulating. Full Story |
Why I Bought Silver...And Why I Won't Sell
By: Bix Weir | 6 December, 2010
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| In January 2002 I bought my first few ounces of physical silver at less than $5 per ounce. The reason I bought silver was that the Commercial Short position in the COMEX Commitment of Traders Report was, in my opinion, way too high considering that the US Government had just announced that they had sold their entire 3 Billion ounce silver position over the last 50 years and would now have to buy silver to support their Silver American Eagle program. Here is the CFTC Silver Commercial Short Position that I based my analysis on: Full Story |
Rampant silver spike may hit $50 an ounce in the New Year
By: Peter J. Cooper | 6 December, 2010
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| Gold and silver prices have moved to new highs for the current bull market with gold hitting a fresh all-time high at the moment of writing above $1,415. Silver is within a whisker of $30. Full Story |
J.P. Morgan vs. Silver: so Far – go Gold
By: Makrocheck | 5 December, 2010
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| Gold had a “remarkable” rise of some +30% since the beginning of this new decade. Silver even had a “sensational” year rising some +70%, which equals to silver outperforming gold 2.3-fold: so far - so good. Full Story |
The Silver Shortage Pre-panic Line
By: Bill Downey | 3 December, 2010
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| For years we have heard of the coming silver shortage but somehow price was always contained and was a wild swinging commodity. But that changed last spring when allegations of silver manipulation made it to mainstream internet sites and became a focal point of testimony by Bill Murphy of GATA to the CFTC in early spring. Full Story |
Buying Silver to Break JP Morgan
By: Dr. Jeffrey Lewis | 1 December, 2010
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| For just over a week, activists have been spreading an online call to silver investors: buy physical silver and help bring down JP Morgan. Though the title “activist investor” is often reserved for billionaires with more proxy votes in a company than they know what to do with, this new age surge in investing activism should be appreciated, even if it is a little misdirected. Full Story |
Everybody Loves Silver!
By: Bix Weir | 1 December, 2010
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| There has been a lot of negative press about the big banks rigging the silver market, fake silver inventories in large ETFs and regulators at the CFTC not doing their job by enforcing commodity laws in the COMEX Silver markets. Well, I'm here to tell you to BLOCK OUT all that negativity and sink your teeth into everything GOOD and HONEST about silver! And there is a lot to sink your teeth into because... Full Story |
Silver money for China
By: Hugo Salinas Price | 27 November, 2010
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| We have been proposing the monetization of a silver coin in Mexico since 2001. According to our proposal a one-ounce coin of pure silver, with no engraved value, would be given a monetary value by the Mexican Central Bank. This coin would exist and circulate as money, in parallel with the paper money system of Mexico. Full Story |
Driving the News Agenda: Jones and Keiser
By: Rob Kirby | 25 November, 2010
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| Hat’s off to both Alex Jones and Max Keiser. Together, they’ve drawn attention to the ongoing paper manipulation of the price of silver. Maybe more importantly, they’ve likely knocked the lid off of Pandora’s Box – exposing the enormity of ALL paper frauds being committed by the Federal Reserve and Wall Street’s house of horrors. Full Story |
Interview With Theodore Butler
By: James Cook & Theodore Butler | 24 November, 2010
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| Cook: For the past ten years you have been claiming that silver was the best thing people could own. How do you feel now with silver around $25 an ounce? Butler: I have a sense of relief that I could not possibly have hurt anyone who followed my advice. I also feel intellectually vindicated about the way things are turning out. Lastly, I feel amazed how good silver still looks for further gains. Full Story |
Gold Sticker Shock and Silver Surge
By: Dr. Jeffrey Lewis | 24 November, 2010
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| To continue to attract shoppers, jewelers are lowering the karat weight of gold and increasing the amount of silver. A 22k gold band made of gold and silver is just as yellow, but nearly 10% less expensive than a 24k band. To a shopper, the difference between 22k and 24k is insignificant, but to silver investors, it's huge. Full Story |
Dollar vs. Emerging Currencies is a Boon for Silver
By: Dr. Jeffrey Lewis | 23 November, 2010
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| Any careful observer of the Federal Reserve should be slowly coming to the conclusion that Bernanke is off his game plan. In the past few weeks and months, Bernanke has repeated before Congress that his dual mandate is to provide for slow and gradual recovery, but low inflation and full employment. Recently though, Bernanke is on a new tangent, a semi-mercantilist endeavor to lower the value of the US dollar against emerging economies. Full Story |
Should You Buy SLV The Silver ETF?
By: Peter Degraaf | 23 November, 2010
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| In summary, and despite the fact that other investment vehicles are outperforming SLV, in the event that price breaks out at the blue arrow in the SLV chart above, on increased volume, then those who own shares in SLV will continue to profit, but those who invest in the alternatives can expect to do even better, and without having to worry about the JPMorgan influence at SLV. Full Story |
How HIGH Could Silver Go in December?
By: John Townsend, The TSI Trader | 21 November, 2010
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| There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic. With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes. Full Story |
Physical Supplies and Price Action
By: Dr. Jeffrey Lewis | 18 November, 2010
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| The basic tenets of economics tell us that supply, demand, and price as all intertwined, especially in free markets. While the silver market may be not as free as we would like, compared to most, it is relatively free, and it should be very much subject to basic economic laws. Full Story |
Battle for the Market on December Expiration
By: Dr. Jeffrey Lewis | 17 November, 2010
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| There's a war waging for the silver market, and the war will soon break out over the course of the next week. Each month, as options and futures in the silver markets reach expiration, the bankers, investors and world interests plow into the market with shorts, pushing prices down and stymieing the total amount of delivery off the exchange. Full Story |
Why You Should Have Silver in Your Portfolio – As Well As Gold
By: Jerry Western with Lorimer Wilson | 15 November, 2010
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| Silver has had quite a run the last couple months so it’s no surprise that it has gained much attention and interest from investors – even more so than gold. It is extremely volatile, however, and tends to rise or fall in spurts so I’d like to focus on its attributes as compared to gold, make a case for holding some, and discuss some ultimate price possibilities. Full Story |
Monetary Reforms and Silver Consolidation
By: Przemyslaw Radomski | 12 November, 2010
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| Now it’s official! The yellow metal has gotten the golden seal of approval. This week none other than the President of the World Bank said leading economies should consider readopting a modified global gold standard to guide currency movements. Writing in the Financial Times, Robert Zoellick, the bank’s president since 2007, says we need a successor to what he calls the “Bretton Woods II” system of floating currencies. Full Story |
Silver Margin Hike Underscores Need for Bullion Ownership
By: Jeff Berwick – The Dollar Vigilante | 10 November, 2010
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| On November 9th the Chicago Mercantile Exchange said it will raise its silver futures trading margins by 30 percent to $6,500 an ounce from $5,000 an ounce effective November 10th setting off a rapid sell-off in the metal. No other margin requirement on any other metals was changed. According to Reuters, "Exchanges often raise margins to mitigate risks as price volatility increases." But, where is the supposed volatility in Silver? The chart below shows an incredibly orderly upward rise in silver. Full Story |
Thanks for the Silver: An Open Letter to JPMorgan and HSBC
By: Richard Daughty, The Mogambo Guru | 9 November, 2010
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| Ted Butler, famous silver analyst and the guy who kept up the pressure about the corruption in the silver futures market for the last 15 years, is in the InvestmentRarities.com newsletter recently talking about silver, and notes dryly that “world silver inventories are at their lowest point in 200 years.” Full Story |
The Silver Alpha
By: Jim Willie CB | 4 November, 2010
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| A love affair with silver is so natural. The fundamentals are astoundingly positive and bullish in price prospects. My basic argument has been repeated many times. Industry has countless uses for silver, significant demand. But industry has only miniscule isolated uses for gold, in trivial demand. So silver wins on the Demand side of the equation. Central banks own a huge amount of gold. They frequently sell it, even through their slippery surrogate the Intl Monetary Fund. Central banks own zero silver. So silver wins on the Supply side of the equation. My motto is that gold fights the major political and financial war, but silver will ride in on a shiny white horse and take much larger spoils. Full Story |
When the Price of Silver Doubles in a Month
By: Richard Daughty, The Mogambo Guru | 3 November, 2010
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| Bill Bonner here at The Daily Reckoning writes, “In England, the government of David Cameron has announced the biggest cutbacks since WWII. He’s going to lighten the UK government expense load by 81 billion pounds over the next 5 years. Nearly half a million government employees are to be given the heave-ho.” Full Story |
More on the Case of Silver
By: David Galland | 3 November, 2010
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| Silver, however, has barely made it halfway back to its prior nominal high of $49.45 an ounce, achieved on January 21, 1980. In order to break into new territory in inflation-adjusted dollars (using the same CPI calculation methodology used in 1980), silver would have to rise to over $250 an ounce – more than ten times where it is today. Full Story |
Not a Good Time to be Short Silver
By: Chris Mack | 1 November, 2010
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| The pressure on silver shorts has been relentlessly increasing on a daily basis. On the heels of CFTC's statement of intention to actually enforce antitrust regulations in the silver market, two lawsuits were filed against JPM and HSBC for manipulating the silver price. With the testimony of whistleblower Andrew Macguire and admission that there has been fraudulent activity in the silver market by CFTC Commissioner Bart Chilton, these lawsuits have a much larger chance of success than just a year ago. Full Story |
Profit in Silver
By: Howard S. Katz | 1 November, 2010
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| There is a general sense among gold bugs that gold and silver move together. This is true in the very long term, but it is perhaps more accurate to say that they take turns. When the mood of the precious metals community is conservative, they favor gold, and gold outperforms silver. But when the mood becomes more speculative, they favor silver, and it outperforms gold. Full Story |
Repeated, fraudulent efforts at and deviously controlling silver prices – What next?
By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch | 29 October, 2010
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| Since we received reports from the CFTC that market players have made "repeated" and "fraudulent efforts to persuade and deviously control" silver prices, we have heard that HSBC Holdings Plc and JPMorgan Chase & Co. are facing an investor’s lawsuit of placing “spoof” trading orders to manipulate silver futures and options prices in violation of U.S. antitrust law. Full Story |
Could this be it?
By: David Bond | 29 October, 2010
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| At this point these are allegations, but they should be taken seriously, considering their sources. Murphy and Butler were ridiculed for two decades for figuring out what, finally, regulators are waking up to: Something is rotten in Denmark. Full Story |
The Silver Sleuth
By: Jeff Clark | 27 October, 2010
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| We once had an ongoing series in BIG GOLD called, "1001 Reasons to Own Gold." The idea was that there were so many valid reasons to own the metal that I wanted to track and report on them. If you've been invested in the precious metals arena, you know there have been a myriad of bullish indicators for silver this year as well. Full Story |
How Second Rate Silver Brings First Rate Returns
By: Dr. Jeffrey Lewis | 27 October, 2010
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| Silver has dominated the commodity and precious metals explosion through 2009 and 2010 with returns that meet and exceed any other precious metal. However, why is silver still a top investment? For two very important reasons: its volatile supply and its stance as gold's little brother. Full Story |
CFTC’s Chilton Probably Not Why Silver Strong
By: Gene Arensberg | 27 October, 2010
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| Has Commissioner Chilton opened a window for us? Could it be that silver is not being hammered in the futures markets on the short side because traders that have used their ability to game the system in the past are now under a CFTC microscope? Full Story |
Just How Low Will Silver Correct? - That Could Depend on the Stock Market
By: Przemyslaw Radomski | 27 October, 2010
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| Summing up, it is likely that mining stocks will eventually rally but we will probably first see a corrective period. Lower prices are likely to be seen in the short-run with a rally to follow perhaps before the end of the year. Full Story |
Statement at the CFTC Public Meeting on Anti-Manipulation and Disruptive Trading Practices
By: Commissioner Bart Chilton | 26 October, 2010
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| I take this opportunity to comment on the precious metals markets and in particular the silver markets. More than two years ago, the agency began an investigation into silver markets. I have been urging the agency to say something on the matter for months. The public deserves some answers to their concerns that silver markets are being, and have been, manipulated. Full Story |
Silver money for Americans
By: Hugo Salinas Price | 26 October, 2010
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| Fiat money in the US is in an advanced stage of decomposition and when money rots, the whole social, economic and political structure of the nation rots with it. A return to sound money is urgent. More and more people are aware of the perilous road ahead if nothing is done. Full Story |
Prohibition of Market Manipulation and Disruptive Trading Practices
By: Bix Weir | 25 October, 2010
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| On Tuesday, October 26, 2010, the CFTC will hold a meeting on proposed rules under the Dodd-Frank Act. (http://www.cftc.gov/PressRoom/PressReleases/pr5926-10.html) The first item on the posted agenda is the Prohibition of Market Manipulation and Disruptive Trading Practices. I would like to submit the following comment into the official record. Full Story |
Setting Up a Grid to Buy The Silver Dips
By: Dr. Jeffrey Lewis | 22 October, 2010
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| Currency traders have long used a grid system as a way to systematically buy into a currency at differing points and average in their positions. With silver emerging as a currency of choice among ordinary investors and even institutional hedge funds, it’s high time silver investors do the same. Full Story |
Doubling the Value of Silver
By: Richard Daughty, The Mogambo Guru | 20 October, 2010
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| With gold and silver going up in price like they are, I spend a lot of time secluded in the Big Mogambo Bunker (BMB), greedily calculating my profit with each little up-tick in price. I am so delighted that I alternate between, on the one hand, happily dreaming of happier days to come when silver and gold have gone up so much in the roaring inflation caused by the Federal Reserve creating so much money that... Full Story |
Mining Stocks, Silver Set for Short-Term Correction
By: Przemyslaw Radomski | 19 October, 2010
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| The past week saw gold mining stocks surpass their 2008 high but they did not get much above this level and thus this breakout is not really significant yet. The performance of gold itself was much stronger and on Thursday the mining stocks actually declined on a day when gold prices moved higher. Anomalies such as this are often seen around local tops and this is yet another sign supporting the likelihood that gold’s rally may be coming to a close. Full Story |
Silver -- on the Move
By: Howard S. Katz | 18 October, 2010
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| The events of the past few months have been dominated by the decision of the Federal Reserve to undertake a further, massive easing. Since the emphasis will not be on lowering interest rates (because they are effectively zero), it is being called a quantitative easing (an easing by virtue of the quantity of reserves which the Fed pumps into the banking system) and has acquired the name QE2 (quantitative easing 2). Full Story |
Silver – Reflections of a Major Price Breakout
By: Bill Downey | 16 October, 2010
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| During the spring and summer of 2010, the price of silver was caught in a trading range of $17.00-19.50. But that all changed at the beginning of September. From a rally low of $17.50 last summer, the price has exploded to the $25 dollar area in barely two months. What happened? Full Story |
US Mint 5oz Bullion Coins Nearing the Market
By: Dr. Jeffrey Lewis | 13 October, 2010
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| The U.S. Mint should soon release a new five ounce silver bullion coin that it first suggested would be launched “later in 2010.” The coins will be .999 pure and utilize the same design as the mint's “America the Beautiful” quarters, which were first coined at the beginning of the second quarter 2010. Full Story |
The Long and Short of What’s Happening With Silver These Days
By: Chris Mack with Lorimer Wilson | 11 October, 2010
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| Something has drastically changed in the silver market. The banks that once controlled the price of silver are now closing positions at a loss. The commercial shorts have begun to bleed money – and when blood spills sharks will circle. Hedge funds and traders that never even thought of silver before will begin to squeeze the shorts. If the big banks don't quickly regain control of the silver market they may lose it forever. Full Story |
Silver Surges But Remains 'Ugly Sister' and Still Playing Catch Up With Gold
By: GoldCore | 7 October, 2010
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| While gold has been grabbing some headlines recently, especially in the financial media, poor man's gold silver remains the 'ugly sister' and is rarely covered in the financial media and almost never in the mainstream press and media. From a contrary perspective this is bullish as it shows that silver remains very much off the radar of the retail investor and 'Joe Public' - most of whom do not even know the price of silver - let alone how to invest in it. Full Story |
U.S. Mint Raises Premiums 33% to Shut Off Physical Demand
By: Dr. Jeffrey Lewis | 6 October, 2010
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| The US Mint is acting quickly to reduce extreme demand for American Silver Eagles. Just this week, the Mint declared that it would raise dealer premiums from $1.50 per ounce to $2.00, squeezing profit margins on the coins for dealers and making physical metals far more expensive than the spot price. Full Story |
Up 22% in Sep
By: Howard S. Katz | 4 October, 2010
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| Ah, yes, the silver bubble of 1978-80 was a time to remember in financial history. Bunker Hunt, heir to the H.L. Hunt fortune, became an aggressive bull on silver and tried to engineer a silver corner. But no one has ever engineered a corner on a free market, and Bunker Hunt did not become the first. He stayed too long. He overplayed his hand. And when the bubble collapsed, he lost his daddy’s fortune. Full Story |
Silver Looks Vulnerable To a Short-Term Price Fall
By: Peter J. Cooper | 4 October, 2010
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| After a stellar run up over the past six weeks the silver price is looking vulnerable to a correction. Silver is now more than $22 an ounce, up very sharply since the summer. The article about silver investment in The Daily Telegraph today is a typical indicator of a short-term top. So too was ArabianMoney’s appearance commenting on silver prices on City 7 TV in Dubai last week. Full Story |
'Mining's Michael Moore', Phelim McAleer, To Address Silver Summit Banquet
By: David Bond | 30 September, 2010
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| Phelim McAleer, writer, co-director and narrator of the tragi-comical documentary “Mine Your Own Business” pillorying the environmentalist movement's march against mining, will keynote the Silver Baron's Banquet dinner Thursday, Oct. 21 at the eighth annual Silver Summit Oct. 21-22 at the Davenport Hotel in Spokane, Washington. Full Story |
1099 Supply Shock for Small Coinage
By: Dr. Jeffrey Lewis | 29 September, 2010
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| The 1099 reform in the health care bill passed by Congress and signed by the President has turned the physical gold market upside down. Under the new law, gold buyers and sellers will have to fill out a 1099 on each side of the transaction if the sales price is greater than $600. As a result, many investors who have been buying gold as an anonymous way to protect their wealth are now feeling the heat. Full Story |
Market Alert for the Next Silver Price Moves
By: Julian Phillips & Peter Spina, for the Silver Forecaster | 29 September, 2010
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| After 18 months of work, the silver price has broken to new highs breaking past $21-$21.25 and is set for a significant run to much higher levels with expectations to hold new high levels at around $24-$29 in the first run up. Full Story |
Rock Crushes Scissors
By: Captain Hook | 27 September, 2010
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| You may remember my commentary entitled Paper Cover Rock from the end of July in which the game ‘rock paper scissors’ was employed to illustrate how at the time our bureaucracy’s price managers (the bank cartel, etc., call them what you will) crushed gold (and silver) going into August options despite excessive bearish sentiment at the time to prove a point, the point being prices will be contained no matter what. Full Story |
Undervalued Silver in a Government Spending Frenzy
By: Richard Daughty, The Mogambo Guru | 23 September, 2010
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| To prove that all my yelling, “Buy silver now, or you’re a moron!” has paid off, silver is getting a lot more press coverage lately, like the headline “Silver Hits ’80 Level; Gold Sets Fresh High,” which appeared on the front page of The Wall Street Journal’s “Money and Investing” section. Full Story |
More Forensic Evidence of Gold & Silver Price Manipulation
By: Adrian Douglas | 22 September, 2010
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| In this article I have unearthed even more forensic evidence in the form of a correlation between the gold and the silver price which again could not happen by random chance. It is necessarily a result of deliberate market intervention and what’s more it occurs on a continuous basis. Full Story |
Gold/Silver Ratio Analysis
By: Jordan Roy-Byrne, CMT | 21 September, 2010
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| The Gold/Silver ratio has just broken in favor of Silver. In other words, the ratio has broken to the downside. This development along with persistent strength in Gold has prompted the mainstream gurus and “experts” to talk up Silver. We've been writing about the potential in Silver on more than one occasion. Full Story |
$2,500 Gold Could Easily Result in $178.50 Silver – Here’s Why!
By: Lorimer Wilson | 19 September, 2010
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| More than 95 respected economists, academics, analysts and market commentators are of the firm opinion that gold will go to $2,500 and beyond before the parabolic peak is reached. In fact, the majority (55) think a price of $5,000 or more - even as high as $15,000 – is actually more likely! As such, just imagine what is in store for silver given its historical price relationship with gold! Full Story |
Swapping Gold for Silver Has Historical Merit
By: Dr. Jeffrey Lewis | 19 September, 2010
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| Precious metals investors are very much in tune to the silver to gold ratio. The ratio, which commonly trends between 20:1 to as high as 70:1, should be used as a guide to determine which precious metals will rally and when. Today, silver is at the top of the silver to gold ratio at just over 62:1, so according to history, those who swap their gold today will see higher appreciation in silver in the months and years that follow. Full Story |
It's Silver Season!
By: Dr. Jeffrey Lewis | 18 September, 2010
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| Back to school for some, the days before hunting seasons for others, but for silver investors, this time of the year is nothing more than silver season – the time when silver skyrockets to finish out the year. Full Story |
Will Silver De-couple from Gold?
By: Julian Phillips, SilverForecaster.com | 17 September, 2010
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| In addition, the decline in uses in photography is being overtaken in the new uses for silver in solar panels, ‘rfids’, medicine and other electronic uses. All this silver is being consumed and will be until its monetary role in the long-term prices it out of the consuming markets and, like gold, it is simply stored not consumed. Most of you will not believe that is a possibility. The net result of these two changes in silver’s fundamentals will be for silver’s price to rise much faster than the gold price in percentage terms. Full Story |
Silver Steals Some Thunder From Gold
By: Clif Droke | 15 September, 2010
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| Throughout the last few weeks of summer there has been a slow, steady migration into silver as an investment. Investor worries over the state of the global economy have helped silver gain traction in the face of a low-volume stock market this summer. The white metal has built some fairly strong forward momentum this summer as a secondary safe haven among investors who desire the protection of precious metals without the heftier price tag of the yellow metal. Full Story |
Fair, Simple and Sound
By: Theodore Butler | 14 September, 2010
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| I’m going to switch gears here a little and step away from lambasting the ongoing silver manipulation, and instead offer a constructive solution designed to end it. Long-time readers know that I believe it’s important not just to criticize, but to offer remedies for what I feel needs change. As is my custom, I will call on you for assistance. Full Story |
The Western Media Ignores Asian Precious Metal Interest
By: Dr. Jeffrey Lewis | 13 September, 2010
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| While all eyes are on India for its annual gold festivals, its neighbor to the northwest is quietly stockpiling millions upon millions of investment grade gold and silver. Chinese gold and silver buyers are out in force, and they want physical metals. Full Story |
The Silver Bullet
By: Captain Hook | 13 September, 2010
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| The blatant price capping of precious metals over the past few days while the larger equity complex was jammed higher with the help of the bureaucracy’s price managers shows two things. First it shows how important gold and silver are in terms of being signals, where it was deemed necessary top hold them back. Full Story |
Silver
By: Howard S. Katz | 13 September, 2010
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| Below we see the chart of silver (weekly basis) from its peak in March 2008. Clearly drawn is a triangle which is almost ascending. (The top line would have to be horizontal.) We can regard it either as an ascending triangle or a symmetrical triangle. This triangle broke out on Sept. 3. Full Story |
Swap Dealers Flat for Silver, Not Overbought
By: Gene Arensberg | 13 September, 2010
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| Well, okay it’s Sunday and we are supposed to be taking the day off today. But what better thing to do on a day off than to pour over COT data, charts and ratios? While we are at it, why not share a few of our observations with our best friends and the people who make this service possible? Full Story |
Memo to Seattle: Rein in Your Economic Genocide of Idaho
By: David Bond | 9 September, 2010
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| Imagine if some unelected bureaucracy in Post Falls, Idaho, decided, using computer models, that airplanes were unsafe because: (a) they crash once in awhile, and; (b) the aluminum and plastics used in their manufacture were unsafe to human health if consumed in large enough quantities. Having reached this conclusion, this Idaho bureaucracy ordered the closure of all Boeing plants in your state for 50 to 90 years – said order absolute and not subject to court challenge. Full Story |
Nuts and Bolts of COMEX Silver Manipulation
By: Bix Weir | 2 September, 2010
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| Taking a deep look at the details of COMEX silver trading can be very illuminating as to why but when you understand what is really going on... it is downright infuriating! I've put together a rare glimpse into what REALLY happens when buyers and sellers get together to make a market in silver on the COMEX. I hope you are sitting down because this covers just 5 MINUTES of a ordinary trading day... Full Story |
Hyperinflation vs. Inflation: Understand the Difference
By: Dr. Jeffrey Lewis | 1 September, 2010
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| Hyperinflation and inflation may share the same root, but they're two entirely different trees. While many assume that hyperinflation is just inflation's oversized cousin, there is much more to hyperinflation than most are aware. Full Story |
Silver Prices Now Rising Faster Than Gold
By: Peter J. Cooper | 26 August, 2010
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| August is usually a quiet month in the precious metals market but this month is different. Silver has started behaving 100 per cent like a precious metal and not as an industrial commodity, and while stocks and Dr Copper have been falling, silver has been outperforming gold which is also on the up. Full Story |
Estate Sales: A Silver Mine!
By: Dr. Jeffrey Lewis | 26 August, 2010
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| With the economic crisis well underway, estate sale sizes have grown tremendously as cash-strapped children hope to bring home big bucks from their deceased parent's assets. Traditionally, only small amounts of an estate would be auctioned, as the children of the deceased kept most of the items as an heirloom keepsake. However, in today's economy, cash is king, and so many people need the spare cash that they'll sell almost anything—including their silver and gold collections. Full Story |
How Financial Instruments Suppress Silver's Value
By: Dr. Jeffrey Lewis | 25 August, 2010
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| One fact is very, very clear: the silver markets are horribly suppressed. As we reported months ago, it was discovered in May that the silver futures market is purely paper, and there is an actual whistleblower to tell the tale. However, that testimony was subsequently squandered when the closed circuit TV had “technical errors,” and days later Andrew Maguire, the famed whistleblower, was in a hit and run accident. Full Story |
Silver Stocks Offer Value
By: Jordan Roy-Byrne, CMT | 17 August, 2010
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| Gold has moved well past its 2008 high and the same has happened with our junior gold index. Silver, at its recovery peak was within 7% off its 2008 high while our junior silver index was 25% off its 2008 high. While the junior silvers have recovered, they have lagged both the junior golds and Silver. Full Story |
Metals ‘KISS’ Analysis – (Keep It Simple... Umm… Silly)
By: Michael Kilbach | 13 August, 2010
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| It is interesting to note just how complex investment advisors and investors can make their market analysis. When it comes to analyzing the markets we do enjoy “chewing” on a lot of data, but often good old fashioned simplicity and common sense are the most effective strategy. Full Story |
Why 40% Silver is Usually Best Left to Refiners
By: Dr. Jeffrey Lewis | 11 August, 2010
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| There are a myriad of investing options for those looking for physical allocations of silver. Among them are silver bars, silver coins, and junk coins. Junk coins, most well known for having 90% silver (pre-1964 dimes, for example), can also have 40% silver content (think old Kennedy Halves and Eisenhower dollars). Full Story |
The Federal Hegemon
By: David Bond | 6 August, 2010
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| The following was commentary presented by yours truly before an EPA “informational meeting” 4 Aug. More than 200 showed up to protest the agency's latest scheme to occupy the Coeur d'Alene Mining District for the next 100 years. Full Story |
China Crash “Looming” While India Jewelry Zooming
By: Dr. Jeffrey Lewis | 3 August, 2010
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| China's extreme economic growth rates were met by both cheerleaders and detractors, many of whom were afraid that the real estate expansion was just another repeat of the US growth from 2002-2007. One of the key elements of the Chinese economic situation is its impact on precious metals, with many analysts stretching the news to say that a Chinese slowdown is bad for metals. But how? The greater impact on metals comes from India. Full Story |
With Silver Soaring, Beware of Who You Buy From
By: Dr. Jeffrey Lewis | 25 July, 2010
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| With silver attracting headlines, cult-like following, and higher prices, silver investors should be on high alert for a scam being perpetrated on the internet. Newly minted fake coins are finding their way from Chinese counterfeiters to Ebay and then to investors who unknowingly purchase $20 rounds that are in reality only a few dollars worth of metals. Full Story |
How to Pull Cash Out of Your Silver Holdings Without Losing Ounces
By: Dr. Jeffrey Lewis | 23 July, 2010
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| With silver on a bull run, you might be tempted to take some cash out of your silver holdings. However, if you're like most silver investors, who have an array of different silver coins, rounds, and other metal pieces, you might just be able to cash in without reducing your total holdings. Full Story |
The Coming Silver Supernova
By: Lorimer Wilson and Donald J. Poitras | 22 July, 2010
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| Few investment opportunities arise in our lifetime like silver. The stage is set for a silver price percentage gain of extraordinary magnitude! Forget the popular refrain of “Got Gold?” and make some additions to your portfolio to take advantage of the coming silver supernova! Full Story |
When, Not If
By: Theodore Butler | 21 July, 2010
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| According to Commissioner Chilton, it seems clear that the new law abruptly alters the former debate of whether the Commission should adopt strict position limits in COMEX silver into what the position limits in COMEX silver should be. This is a remarkable transformation. Suddenly, it’s a question of what the position limits in silver should be and when they should be enacted, not if we should have them. Full Story |
What are the Differences between Investing Silver and Gold?
By: Dr. Jeffrey Lewis | 14 July, 2010
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| The traditional rule that gold always trades within a range of 20 to 70 times the value of silver may quickly be tested as the financial markets lose their fear and again start investing in stocks, bonds and other investments. Full Story |
Staggering Stats About Silver Supply
By: Richard Daughty, The Mogambo Guru | 13 July, 2010
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| I got a June 2010 brochure from silverinsidersreport.com that contained an interesting fact about SLV, the Exchange Traded Fund (ETF) for silver, which is that Peter Keusgen, the writer, says that SLV is “the main alternate source of storage” of silver and “which accounts for around 50% of world silver inventory”! Wow! Full Story |
Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!
By: Lorimer Wilson | 12 July, 2010
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| Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. Full Story |
Double Stock Dips and Double Silver Tops
By: Przemyslaw Radomski | 9 July, 2010
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| Summing up, even though precious metals will likely move upwards slightly in the coming days, this may be the beginning of a bigger downswing in silver, gold and mining stocks. We caution that these moves higher may only be temporary (particular caution is necessary if one wishes to trade this move), as they are driven to a great extent by possibility of a consolidation in the Euro Index. Please note that this is not the end of the bull market for silver; in fact. Full Story |
Seriously Underpriced Silver
By: Richard Daughty, The Mogambo Guru | 8 July, 2010
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| At breakfast I told the kids that I was instituting some new austerity measures around here, and they became so insistent that I heard all about how this was going to “ruin” them and their stupid social lives that I did not have to tell them that I was going to use the money to buy silver, which would have sent them ballistic. Full Story |
Rethinking the case for investing in silver
By: Peter J. Cooper | 6 July, 2010
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| Silver is still cheaper than it was 30 years ago, unlike any other commodity. It is both a precious metal and an industrial commodity. Supplies are used up in industrial processes so stocks are less than one hundredth the size of gold reserves. Full Story |
Is Saudi Arabia Also Stocking Up On Silver As Well As Gold?
By: Peter J. Cooper | 22 June, 2010
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| News that Saudi Arabia has secretly doubled its official gold reserves over the past few years should come as no surprise to readers of ArabianMoney. But then it was just speculation. Now this is fact. Will it be the same story for silver? Full Story |
Mum’s the Word
By: Theodore Butler | 21 June, 2010
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| There’s an old adage about not seeing the forest for the trees. It means getting wrapped up in the details of a circumstance and losing appreciation for the big picture. Sometimes we need to step back and look at things from a different perspective. Consider the extraordinary situation that currently exists in the silver market. Full Story |
Time to Focus on Silver
By: Jordan Roy-Byrne, CMT | 18 June, 2010
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| It is not exactly groundbreaking analysis to say that whats good for Gold is generally good for Silver. As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all resistance levels. Technically speaking, we do favor Gold over the next few months, but ultimately, Silver is poised to catch up with vengeance. Full Story |
The 2010 Silver Buying Guide
By: Jeff Clark, Senior Editor | 17 June, 2010
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| Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low. Full Story |
Recent Volatility in Metals Nothing to Fear
By: Dr. Jeffrey Lewis | 16 June, 2010
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| Recently, the metals markets have become far more volatile, often rising and falling upwards of three to four percentage points in just one day. That volatility, however, is nothing you should fear. In fact, it’s mostly due to the extreme attention being paid to the metals markets. Full Story |
Insufficient Silver to Supply China’s Growing Demand
By: Richard Daughty, The Mogambo Guru | 9 June, 2010
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| Most people have never heard of “the invisible hand” of the market, which is the surprising result of everyone working to get money with which to satisfy their own selfish interests, and it ends up benefiting everybody, a result that is so glorious that it seems that things are being guided by some “invisible hand.” Full Story |
Investing in Silver as China Enters its “Spend” Phase
By: Richard Daughty, The Mogambo Guru | 25 May, 2010
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| The point is not that that whole Asian region is a hotbed of potential economic activity, perfect for Mogambo Brand Lucky Tasty Eggrolls (MBLTE), which it is, but that a lot of that growth is going to be electronic and electrical, and that means silver. Lots of it! Oodles of it! Full Story |
How Low Will Silver Go?
By: Jeff Clark | 24 May, 2010
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| We released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly. While industrial uses comprise about half (53%, according to GFMS) of silver’s demand, making it susceptible to bigger falls than gold in a weak economy, it is equally clear silver also responds well to inflation, as well as serious financial “dislocations” (to put it nicely). Full Story |
Silver Investors Should Diversify, Too
By: Dr. Jeffrey Lewis | 18 May, 2010
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| Diversification is the most important part to any solid financial plan, and precious metals are no exception. Silver investors should plan to diversify within their silver holdings to protect their wealth and to allow for opportunities to profit in the future. Full Story |
Silver About To Break $20 and Looking Better Than Gold
By: Peter J. Cooper | 15 May, 2010
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| Go back to the 1970s and the last precious metals boom. In the late 1970s gold prices rose eight-fold and silver by a factor of 25. Fast forward to today and you have ArabianMoney editor Peter Cooper publishing a book predicting a rise in gold prices to $5,000 as the world goes through something like a re-run of the mid-70s. Full Story |
Sell in Early May and... Lose On Average $1 per Ounce of Silver Each Year
By: Przemyslaw Radomski | 14 May, 2010
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| We would like to begin this essay by touching on the popular belief that precious metals - and especially silver - tend to drop heavily this time of the year. The saying suggests selling in May and going away - is this really the best way to go? At Sunshine Profits we're rather reluctant to take the common knowledge for granted - we prefer to dig deeper and check ourselves if every fact is really fact, not just an opinion. Full Story |
An Impressive Result
By: Theodore Butler | 14 May, 2010
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| The CFTC has published the comments it received in regards to its public hearing on precious metals on March 25. The turnout was much larger than I would have guessed by several times, I’m happy to report. Full Story |
Is There a Silver Lining in Europe’s Greek Tragedy?
By: Vincenzo Desroches | 12 May, 2010
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| Greece and the Euro Zone are still very much in the midst of a debt and deficit crisis that represents the first real test of their Euro-based infrastructure in over a decade. The current malaise appears to be contagious as most experts agree that Spain and Portugal are also at risk of being swept up in the maelstrom. The impact on global trading markets has been instantaneous. Full Story |
In Treasury report, shocking evidence of silver price suppression
By: Adrian Douglas | 7 May, 2010
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| This increase in notional value of silver derivatives represents approximately 220 million ounces, which is 125 percent of the global production of silver during the quarter -- and that is only the increase. The entire notional value represents 106 percent of annual global production. What possible legitimate purpose could such a monstrous derivative position be serving with a maturity of less than one year? Full Story |
Digital Silver: Precious Components
By: Dr. Jeffrey Lewis | 27 April, 2010
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| The new electronic age couldn't be better for silver investors. As consumers swap out their cell phones every two years and Apple releases a new product meant to bridge the gap between cell phones and personal computers, silver has plenty of room to prosper. Full Story |
Buying Silver to Hedge Inflation and a Bond Crisis
By: Peter J. Cooper | 25 April, 2010
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| Interest in buying silver as the precious metal best suited to hedging against inflationary government debt levels around the world, and a consequent imminent bond crisis, is growing among investors. Full Story |
Silver The Most Bullish Currency
By: Hubert Moolman | 19 April, 2010
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| The current price of ounce of gold in real money is about 62.95 ounces of silver. If you look at the long term chart you will see that the highest price was about 100 ounces of silver and the lowest about 14; this is quite a ridicules fluctuation in the ratio between two of the most stable metals and forms of money on this planet. This big fluctuation is not a reflection on gold or silver’s instability, but it is indicative of the flawed monetary system we have today. Full Story |
Grab a Calculator Before the CFTC Investigation
By: Dr. Jeffrey Lewis | 14 April, 2010
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| As the CFTC begins to investigate claims by a whistle blower that the precious metals markets have been manipulated by several large US banks, investors are left to ponder: “What will happen to silver if manipulation is found?” Can you say, payday? Full Story |
Interview with Ted Butler
By: Theodore Butler and Jim Cook | 13 April, 2010
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| Years ago, Jimmy Stewart played the lead in a movie titled, Mr. Smith Goes to Washington. In this case, it was Mr. Butler goes to Washington. Who did you meet with? Full Story |
Why Are Silver Sales Soaring?
By: Jeff Clark, Senior Editor, Casey’s Gold & Resource Report | 9 April, 2010
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| The U.S. Mint just reported another record, but this time it wasn’t for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986. Full Story |
Have We Just Seen The End of The Big Rally in Silver?
By: Przemyslaw Radomski | 7 April, 2010
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| In the previous essay, we've emphasized that gold is to move higher, and since it has just moved significantly higher, it seems that you may wonder what we think about the situation in its sister-metal - silver. However, before providing you with technical details, we would like to provide you with not-so-bullish views on China, and briefly comment on how it might affect the precious metals market. Full Story |
Premiums Play a Role in Indicating Silver Manipulation
By: Dr. Jeffrey Lewis | 7 April, 2010
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| Silver investors should remember to always pay attention to the per ounce premium they pay to receive physical metals. While premiums are important as a barometer of the actual silver you're obtaining per dollar, premiums also play a very important role in gauging current market manipulation. |