• Gold: 1,292.18 -1.49
  • Silver: 17.19 -0.08
  • Euro: 1.180 0.001
  • USDX: 93.631 -0.031
  • Oil: 56.66 -0.15

November 17: Gold and Silver Gain Over 1% and 2% on the Week

2 days 10 hours ago

Gold saw only slight gains in Asia and London, but it then climbed steadily higher throughout most of trade in New York and ended near its early afternoon high of $1296.70 with a gain of 1.21%. Silver rose to as high as $17.371 and ended with a gain of 1.17%.

Silver Sign’s Confirmation And More

Summing up, it seems that silver is going to decline significantly in the coming weeks and months, but we should not be surprised by an interim corrective upswing (possibly triggered by a reversal in the USD Index when the latter moves close to the 96 level). The awareness of a specific turning point in the first days of December is something that will become particularly important once we get closer to this date - it will be very useful in connection with the direction in which silver will move in the final part of November.

November 10: Gold and Silver End Slightly Higher on the Week

Gold saw only slight losses in Asia and London, but it then plummeted down to $1273.60 in early afternoon New York trade and ended with a loss of 0.79%. Silver slipped to as low as $16.798 and ended with a loss of 0.71%.

A “Silver” Lining In The Metals Market

As I have noted for the last several weeks, silver really seems to be the more telling of the metals charts. I have been following a potential count which suggests that a (c) wave rally within a b-wave of wave ii is taking shape. And, I have noted that as long as we hold over the 16.40-16.50 support region, we can rally back up towards the September highs.

November 9: Gold Gains While Stocks Fall on Tax Talk

Gold gained $7.20 to $1288.10 in London before it dropped back to $1282.10 in late morning New York trade, but it then rallied back higher in afternoon trade and ended with a gain of 0.41%. Silver rose to as high as $17.14 and ended unchanged on the day.

November 8: Gold and Silver Gain With Stocks

Gold gained $10.70 to $1287.10 in late morning New York trade before it edged back lower into the close, but it still ended with a gain of 0.35%. Silver rose to as high as $17.242 and ended with a gain of 0.29%.

Could A Commodity Rally Help Spark Silver?

While it is widely believed that commodities are one of the few "undervalued" sectors, sustained rallies have been hard to find over the past few years. Could all that be finally beginning to change? The key to any commodity rally is weakness in the US dollar. Most commodities trade in dollar terms so a rising dollar generally puts pressure on the sector. In contrast, a falling dollar is usually good for the sector.

November 7: Gold and Silver Fall Back A Bit

Gold edged down to $1275.30 at about 4AM EST before it bounced back to $1280.10 in midmorning New York trade and then dropped to a new session low of $1272.30 by late morning, but it then chopped back higher into the close and ended with a loss of just 0.36%. Silver slipped to $16.987 before it rallied back to $17.183, but it then fell to $16.925 in early afternoon trade and ended with a loss of 1.65%.

November 6: Gold Gains Nearly 1% and Silver Surges Over 2%

Gold fell $3.80 to $1266.30 in Asia, but it then shot to as high as $1282.70 in early afternoon New York trade and ended with a gain of 0.86%. Silver surged to as high as $17.255 and ended with a gain of 2.38%.

Silver’s Sign and USD’s Upcoming Reversal

Most of technical analysis that one can read about gold and gold stocks is based on these markets alone. This is quite strange given the multitude of intermarket relationships, but still that’s the case. While it is true that looking at the performance of a given market is the most important thing that one can do when estimating the future performance of a given asset, it doesn’t mean that it’s all there is to it.

November 3: Gold Ends Barely Lower on the Week

Gold gained $3.50 to $1279.70 just after 8:30AM EST before it fell back to $1265.70 in late morning New York trade and then edged back higher into the close, but it still ended with a loss of 0.48%. Silver slipped to as low as $16.785 and ended with a loss of 1.64%.

November 2: Gold and Silver End Mixed Amid Tax Talk and Powell Nomination

Gold gained $6.20 to $1281.40 in Asia before it fell back to $1273.40 in London and then jumped up to $1284.00 in midmorning New York trade, but it then fell back off into the close and ended with a gain of just 0.08%. Silver slipped to as low as $17.042 and ended with a loss of 0.12%.

AbraPlata identifies additional mineralized targets at the Oculto Ag-Au deposit on its Diablillos property in northwestern Argentina

AbraPlata Resource Corp (ABRA.V) (ABBRF) (1AH.F) ("AbraPlata" or the "Company") is pleased to announce that its geological consultant has completed his review of the Diablillos property, and has identified seven new zones that will be drill tested for extensions to existing resources at the Oculto deposit on the Diablillos property (Figure 1) in the Province of Salta in Argentina. Black elipses shown on Figure 2 are open ended resource targets from previous drilling, while the red rectangles are recently identified structures that appear to control mineralization as evidenced from the mapping of breccia and alteration as well as the logging of previously drilled holes.

Gold Seeker Closing Report: Gold Gains and Silver Surges 2.5%

Gold gained $10.30 to $1280.90 in London before it chopped back lower at times, but it still ended with a gain of 0.36%. Silver surged to as high as $17.192 and ended with a gain of 2.51%.

October 31: Gold and Silver Fall While Stocks Bounce Back

Gold fell $7.70 to $1267.90 in midmorning New York trade before it edged back higher into the close, but it still ended with a loss of 0.39%. Silver slipped to as low as $16.643 and ended with a loss of 0.71%.

October 30: Gold Gains While Stocks Drop

Gold dipped $4.10 to $1269.00 in Asia, but it then jumped up to as high as $1278.80 in early afternoon New York trade and ended with a gain of 0.2%. Silver rose to as high as $16.892 and ended unchanged on the day.

SilverCrest Announces High Metallurgical Test Recoveries For Las Chispas

SilverCrest Metals Inc. (“SilverCrest Metals” or the “Company”) is pleased to announce initial metallurgical test results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Results show that the Las Chispas high-grade silver-gold mineralization appears to be amenable to standard cyanidation processing with average recoveries of 98.9% gold and 86.6% silver. Since the Las Chispas deposit geochemistry is similar to the nearby operating Santa Elena Mine (“Santa Elena”), the metallurgical test program was designed using processing criteria similar to that operation which uses a CCD-Merrill Crowe processing facility. Based on these initial high recovery percentages at Las Chispas, further metallurgical test work is planned for 2018.

October 27: Gold and Silver Fall Roughly 1% on the Week

Gold dipped $3.40 to $1263.90 in London, but it then rose to as high as $1273.70 in New York and ended with a gain of 0.46%. Silver climbed to as high as $16.863 and ended with a gain of 0.36%.

October 26: Gold and Silver Fall Almost 1%

Gold gained $5.10 to $1282.50 in Asia and held near unchanged in London, but then fell back off in New York and ended near its last-minute low of $1265.90 with a loss of 0.79%. Silver slipped to as low as $16.744 and ended with a loss of 0.94%.

SilverCrest Identifies Bonanza Grade Area at Las Chispas; 4.5 Metres grading 2,516 gpt AgEq*

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to release additional underground channel sample results from its ongoing Phase II Exploration Program for the Las Chispas Property (the "Property") located in Sonora, Mexico. In addition to the current drill program, the Company continues to systematically sample rehabilitated underground historic workings of the Las Chispas Vein (see attached Figures) to define readily accessible high grade areas. The Company is currently exploring nine of the 19 known epithermal veins on the Property with efforts focused on delivering a maiden resource estimate in Q1 2018.

October 25: Gold and Silver End Barely Lower

Gold fell $6.70 to $1271.10 at about 8:45AM EST, but it then chopped up to as high as $1279.80 in early afternoon trade and ended with a loss of just 0.03%. Silver rose to as high as $17.001 and ended with a loss of 0.18%.

October 24: Gold and Silver Drift Lower While Stocks Continue Higher

Gold edged up to $1283.60 in Asia before it fell back to $1273.80 at about 11AM EST, but it then bounced back higher into the close and ended with a loss of just 0.35%. Silver slipped to as low as $16.883 and ended with a loss of 0.7%.

October 23: Gold and Silver Jump Higher in Late Trade

Gold fell $7.50 to $1272.50 by a little after 9AM EST before it jumped up to $1282.50 in early afternoon action and then drifted back lower, but it then popped back higher again into the close and ended near its last-minute high of $1283.30 with a gain of 0.18%. Silver rose to as high as $17.105 and ended with a gain of 0.35%.

October 20: Gold and Silver Fall About 2% on the Week

Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1278.00 with a loss of 0.62%. Silver slipped to as low as $16.946 and ended with a loss of 1.16%.

Market Report: Counter-trend decline

After the previous two-week rally, it was perhaps natural for precious metals to consolidate this week. Gold, which closed on a high note last Friday, lost $23 to $1281 by early European trade this morning (Friday), and silver 34 cents to $17.08. Trade on Comex was subdued, and the reason behind the pause appears to be a continuing rally in the dollar.

October 19: Gold and Silver Gain Roughly 1%

Gold fell $4.10 to $1276.80 in Asia, but it then climbed to as high as $1290.00 in late morning New York trade and ended with a gain of 0.55%. Silver rose to as high as $17.258 and ended with a gain of 1.35%.

When Will Silver Reach a New High?

New EW Silver Discovery

Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

March Silver in Backwardation

Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.