- 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’
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"
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 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 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 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.
- Gold, Silver and Miners Remain Junk Grade Investments
February 28 2013 9:33 AM
Since silver and gold topped in 2011 investors have been struggling with these positions hoping this cyclical bull market for metals continues. The simple truth is no one knows for sure if prices will continue and make new highs and those who say its a for sure thing we all know deep down is full of bull crap.
- Some Political Considerations for Silver Prices
February 27 2013 8:34 AM
Silver prices have now traded sideways for around 16 months. The lower end of this trading range is $27.00/oz and the higher end is $35.00/oz. As of today the price stands at $29.33 having bottomed at $28.50, it’s taken 4 trading sessions of small but positive gains to reverse the downward spiral from $32.00/oz. Not much to write home about here, but it is encouraging that the carnage is showing signs that it might be over, for now at least. It could of course be a relief rally with more downside selling pressure waiting in the wings a little further down the track. Either way we are still a long way down from the heady days of $48.00/oz.
- Bargain Hunting: Gold Picks Up Again
February 26 2013 5:57 AM
A number of factors combined to lift the yellow metal for the second day in a row as Asian buyers rushed in to buy bullion.
- Gold and Silver Finish Lower Amid Dollar Strength
February 22 2013 4:44 PM
On Friday, gold (NYSEARCA:GLD) futures for April delivery, the most active contract, decreased $5.80 to settle at $1,572.80 per ounce, while silver (NYSEARCA:SLV) futures for March fell 24 cents to close at $28.46. Both precious metals finished the week lower, as the U.S. dollar gained strength against the euro currency. The euro-zone economy is expected to contract for the second consecutive year in 2013, and the third year in the past five, according to the European Commission. The forecast is for a 0.3 percent contraction and expects a decrease in spending by businesses, consumers and national governments.