• Silver is Following its 1970s Pattern

    April 12 2013 11:23 AM

    The cyclical bear market in Silver is serving its purpose. Its correcting and digesting the 6-fold advance that took place in less than two and a half years. A similar correction took place in the mid 1970s that led to the parabolic move to $50. Amazingly, if you line up Silver’s performance from its 1971 low to 1980 high with Silver’s performance since its 2008 bottom, you’ll notice strong parallels.

  • A US$ Retreat Could Ignite The Precious Metals marketA US$ Retreat Could Ignite The Precious Metals market

    April 10 2013 8:17 AM

    The recent rally in the US$ was more a product of the fall in other currencies than a strengthening of the dollar. In particular we have seen the British Pound fall dramatically in the first two months of this year and this was followed by the Japanese Yen which tumbled recently on the inflationary actions introduced by the Bank of Japan. The value of a position in the precious metals sector would have increased for those living in the UK or Japan, but for investors living in the United States the strength of the dollar has eroded the value of their holdings in the gold and silver space.

  • Goldman Sachs Goes Negative On Gold

    April 10 2013 7:54 AM

    Exchange-traded fund redemptions are contributing to Goldman Sachs' prediction that the gold price will slide to $1,450 by year's end.

  • Turkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month High

    April 03 2013 9:31 AM

    Today's AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce. Tuesday's AM fix was USD 1,597.75, EUR 1,244.64 and GBP 1,051.64 per ounce. Gold fell $23 or 1.45% yesterday while silver fell 76 cents or 2.7%.

  • Gold Climbs to $1,600 on Dollar and Manufacturing Weakness

    April 01 2013 2:54 PM

    On Monday, gold (NYSEARCA:GLD) futures for June delivery, the most active contract, gained $5.20 to close at $1,600.90 per ounce, while silver (NYSEARCA:SLV) futures for May fell 38 cents to finish at $27.94.

  • An update on the Silver Stocks

    April 01 2013 7:58 AM

    When we discuss gold stocks we often refer to gold and silver stocks. Today we take a look at the silver stocks specifically. Below is a chart of our partially weighted producers index which contains 14 of the largest silver producers. We didn’t cherry pick the 14. We went down the list and that includes a handful of companies which have really struggled in recent years. Anyway, the 56% in the current cyclical bear is well in line with history. Previous downturns have been 51% and 49% and then 85% from 2007-2008.

  • Russia And South Africa To Create OPEC ‘Platinum Cartel’Russia And South Africa To Create OPEC ‘Platinum Cartel’

    March 27 2013 9:38 AM

    Gold is slightly lower in most major currencies this morning but is higher in euros and Swiss francs. Gold appears to be consolidating near the $1,600/oz level and worries about the euro zone's fiscal health are supporting prices as is the EU’s unprecedented expropriation of bank deposits in Cyprus. There are hopes that Cyprus will complete capital control measures today to prevent a run on the banks by rightfully nervous depositors.

  • Next US$ Peak is Catalyst for Precious Metals & Hard Assets

    March 22 2013 7:42 AM

    Our title seems obvious. We all know that the US$ tends to be negatively correlated with commodity prices. This is true in the short-term but not always so over the long-term. The US$ index is currently nearing 83. It’s at the same level it was in 2007 when Gold was trading in the $600s and the CCI (currently 554) was trading near 400. The US$ index is near the same level it was at the end of 2005 when Gold was trading below $400 and the CCI was trading below 300. This tells us that the bull market in precious and hard assets goes way beyond simple US$ weakness. It is driven by long-term supply and demand dynamics as well as rampant monetary inflation from global parties and not just the USA. Throughout this bull market, key advances and turning points have originated from strength against foreign currencies and then sustained strength amid textbook US$ weakness.

  • Silver Wheaton Corp to pay Quarterly Dividend of US$0.14

    March 22 2013 7:37 AM

    Today Silver Wheaton Corporation (TSX: SLW) (NYSE: SLW) declared its first quarterly cash dividend payment for 2013 of US$0.14 per common share. This dividend will be paid on April 2, 2013, and will be distributed on or about April 12, 2013. This is good news for shareholders in that it is the highest quarterly dividend to date by SLW. Randy Smallwood, President and Chief Executive Officer of Silver Wheaton commented on the dividend payment as follows:

  • Silver Prices Capped by US Dollar

    March 21 2013 7:52 AM

    As the chart shows silver prices have been trading in a range of approximately $35.00 to the high side and $27.50 at the lower end for over a year now. The oscillations appear to be a lot less volatile of late which is surprising given the financial turmoil in Cyprus. Usually when there is uncertainty in the financial markets gold and silver are seen as safe havens and experience some upward price pressure.

  • JP Morgan Cleared Of Conspiracy "To Drive Down Silver Prices"JP Morgan Cleared Of Conspiracy "To Drive Down Silver Prices"

    March 19 2013 8:51 AM

    Silver is trading at $28.86/oz, €22.38/oz and £19.16/oz. Platinum is trading at $1,605.25/oz, palladium at $757.00/oz and rhodium at $1,250/oz. Gold climbed $13.70 or 0.86% and closed yesterday at $1,578.10/oz. Silver hit a high of $29.05 finished +0.56%. A national holiday was observed in Ireland yesterday and markets were closed.

  • Gold And Silver Manipulation At London AM Fix Or New York COMEX?

    March 18 2013 8:51 AM

    Gold was marginally higher yesterday and silver marginally lower. Gold rose just 20 cents and closed at $1,588.50/oz. Silver fell 15 cents to close at $28.75/oz. Silver is trading at $28.80/oz, €22.40/oz and £19.20/oz. Platinum rose to $1,587.25/oz, palladium to $771.00/oz and rhodium stayed at $1,250/oz.

  • Silver And Gold Manipulation - Next Price Fixing Scandal?

    March 15 2013 8:08 AM

    Gold continues to steady near a two-week high just below $1,600/oz. Recent positive economic data and price falls have led to very negative sentiment in the gold market which indicates we may be close to a bottom. While some data has been encouraging, nothing has changed regarding the very poor fiscal state of the U.S., UK, Japan and indeed most western countries.

  • Lear Capital: Growing Silver Shortage Ignites Demand for Silver Polar Bear Coin

    March 13 2013 8:53 AM

    With silver prices off 10% in the last 30 days, it’s hard to believe there is a growing silver shortage. I liken it to crossing the desert with a canteen full of water. As long as there is at least one drink of water left in the canteen, there is no shortage. And then with the last drink, as you attempt to shake out the last drop, you realize your canteen is empty. But, even then you don’t totally believe it. As thirst sets in you desperately try one more time to pour out any remaining drops. Then, it hits you. Ahh Nuts!

  • Gold and Silver Grind Higher After Inflation CommentGold and Silver Grind Higher After Inflation Comment

    March 12 2013 3:59 PM

    On Tuesday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, gained $13.70 to close at $1,591.70 per ounce, while silver (NYSEARCA:SLV) futures for May increased 32 cents to finish at $29.17.

  • Precious Metals Wait Patiently on Fed’s Exit StrategyPrecious Metals Wait Patiently on Fed’s Exit Strategy

    March 12 2013 11:14 AM

    On Monday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, increased $1.10 to close at $1,578 per ounce, while silver (NYSEARCA:SLV) futures for May fell 10 cents to finish at $28.85. Both precious metals were relatively quiet, as speculation continues to build on how the Federal Reserve will conduct an exit strategy, if ever. The central bank’s balance sheet has exploded to more than $3 trillion. On a recent trip to Capitol Hill, Fed Chairman Ben Bernanke claimed a review of an exit strategy will be done “sometime soon.”

  • Silver Miners, Gold Miners and the Price Of Gold

    March 11 2013 8:35 AM

    Silver and silver mining stocks are front and center for investors and active traders. Because of silvers high volatility (large price swings) it naturally attracts a lot of attention. First you have seasoned investors who are waiting for the right opportunity to get long or short for the next move. Then you have the active traders playing the day to day price swings. Finally you get the gamblers who are salivating over the potential to double their accounts and are riding the commodity on pure emotions (Fear & Greed). All these things compound the volatility for the investment making it headline news and what everyone wants to be involved in.

  • Silver Investment Demand Surges 30% As Silver ETF Holdings Robust

    March 08 2013 9:39 AM

    Gold appears to be consolidating just below the $1,600/oz level. It is 0.3% higher in dollar terms for the week, 0.4% higher in pound terms and 2.3% higher against the yen which has fallen sharply this week.

  • Lear Capital: Gold and Silver Buy Signals Measure on Richter ScaleLear Capital: Gold and Silver Buy Signals Measure on Richter Scale

    March 07 2013 9:28 AM

    Sorry, there are just too many rumblings related to gold and silver supply. Validating any of them should send a buy signal so strong it could measure on the Richter scale. In the case of gold, you have three major supply sources. You have mine production, scrap and Central Bank selling. One writer says we are headed for a gold production cliff. Other references to a steady decline in production are everywhere. Maybe that’s why mining stocks are down.

  • Gold and Silver Finish February in the Red

    February 28 2013 5:38 PM

    On Thursday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, dropped $17.60 to settle at $1,578.10 per ounce, while silver (NYSEARCA:SLV) futures for March fell 55 cents to close at $28.40. It was gold’s fifth consecutive monthly loss.