• Gold: 1,346.98 -1.75
  • Silver: 16.63 -0.05
  • Euro: 1.239 -0.001
  • USDX: 89.1 0.66
  • Oil: 61.57 0.27

February 16: Gold and Silver Gain Over 2% on the Week

1 day 20 hours ago

Gold gained $8.30 to $1361.70 in Asia, but it then fell to as low as $1345.00 in New York and ended with a loss of 0.35%. Silver slipped to as low as $16.618 and ended with a loss of 1.18%.

The War Against Us

Abraplata Reaches Agreement to Preserve Title to the Diablillos Ag-Au PROJECT in Argentina

AbraPlata Resource Corp. TSX.V:ABRA ("AbraPlata" or the "Company") (TSX-V: ABRA) (Frankfurt:1AH) (OTCQB:ABBRF) is pleased to announce that it has reached an agreement to acquire certain third party mineral rights that, as a result of a long-standing border dispute between two neighbouring provinces in northwestern Argentina, overlap, and potentially conflict with, the Company's mineral rights to its Diablillos Ag-Au project (see Figure 1 attached). The acquisition of the potentially conflicting mineral rights will allow the Company to retain its title to the Diablillos Ag-Au project regardless of the ultimate outcome of the provincial border dispute.

July 12: Gold and Silver Gain For The Third Day In A Row

Gold edged above $1220 in Asia and fell back to $1214.20 by a little after 8AM EST before it popped up to $1225.40 in the next hour of trade and then drifted back lower at times, but it still ended with a gain of 0.32%. Silver rose to as high as $16.023 ended with a gain of 0.51%.

July 13: Gold and Silver Edge Lower

Gold edged up to $1224.40 in Asia before it fell back to $1216.70 in midmorning New York trade, but it then bounced back higher into the close and ended with a loss of just 0.17%. Silver slipped to as low as $15.695 and ended with a loss of 1.19%.

July 14: Gold and Silver Gain Over 1% and 2% on the Week

Gold dipped to $1215.00 in Asia, but it then shot to as high as $1232.60 in early New York trade and ended with a gain of 0.84%. Silver rose to as high as $16.081 and ended with a gain of 1.4%.

July 17: Gold and Silver Add Onto Recent Gains

Gold gained $7.50 to $1235.90 $16.196 by a little after 10AM EST before it chopped back lower at times, but it still ended with a gain of 0.46%. Silver rose to as high as $16.196 and ended with a gain of 1.07%.

July 18: Gold and Silver Rise A Third Day

Gold gained $10.40 to $1244.40 in midafternoon New York trade before it edged back lower in the last hour of trade, but it still ended with a gain of 0.66%. Silver rose to as high as $16.31 and ended with a gain of 0.93%.

July 19: Gold and Silver End Mixed

Gold fell $5.10 to $1237.00 in Asia before it climbed back to $1243.80 in midmorning New York trade and then chopped back lower at times, but it ended with a loss of just 0.04%. Silver slipped to $16.166 before it jumped back to $16.359 and then also fell back off, but it still ended with a gain of 0.12%.

July 20: Gold and Silver Edge Higher

Gold fell $6.30 to $1235.30 in London before it climbed back to $1242.00 by a little after 9AM EST and then dropped back to $1237.60 in the next hour of trade, but it then jumped to a new session high of $1247.50 in late morning action and ended with a gain of 0.17%. Silver rose to as high as $16.414 and ended with a gain of 0.06%.

Silver Market Morning: July 21 2017 - Gold and silver markets continue to climb stronger than we expected!

New York closed only $0.80 lower than Shanghai yesterday and has been trying to follow Shanghai all the way up, with London opening today at a discount to Shanghai’s trading today of $5.06 an narrower discount than we have seen this week. Both London and New York are being pulled up by Shanghai. With this strong Chinese demand the chances of both London and New York breaking through $1,250 are greatly increased.

July 21: Gold and Silver Gain Over 2% and 3% on the Week

Gold rose throughout most of world trade and ended near its midafternoon high of $1255.70 with a gain of 0.85%. Silver rose to as high as $16.522 and ended with a gain of 1.1%.

Zinc One Enters into Surface Access Agreement with Comunidad Campesina de Yambrasbamba on the Bongará Zinc-Oxide Project and Announces Results of AGM

“Reaching an agreement with the Yambrasbamba community is a major milestone for Zinc One and the Bongará Zinc-Oxide Mine Project. The Yambrasbamba community has previously seen the full gamut of mining – from exploration to construction to operations to remediation – which is extremely rare. They are very knowledgeable and not only understand the economic opportunities it will afford the CCY stakeholders, but have seen the overall minimal impact of mining and the benefits of remediation. We are grateful to have such a supportive community and, if the project moves ahead as we expect, then we see the building of the Bongará Zinc Oxide Mine Project as a win for the community, government and company shareholders,” commented James Walchuck, CEO of Zinc One.

Silver Morning: July-25-2017

In addition Chinese demand and the new London based LME precious arbitrage market with Hong Kong is letting London feel Chinese demand directly, in addition to the big banks in China doing the same in London. So we are watching to see where the gold price will go today.

Silver Market Morning: July-28-2017

With all the chatter about the timing of rate hikes or trimming the Fed’s Balance Sheet, one very, very important factor is being overlooked in the U.S. If inflation continues at lower or lowering levels and the recovery stalls followed by a downturn, the Fed has almost no more tools with which to combat the falls. As it is rates continue to be so low that any lowering will have little to no impact [unless they go negative] on stimulating the U.S. economy. Likewise, trimming the Fed’s Balance Sheet, we feel, will have little to no impact on the U.S. financial world. If they go that road and there is a downturn in the U.S. further stimulation is likely to crack confidence in the dollar, something that the Fed cannot afford! Certainly little could be more positive for the gold price. Despite their positive demeanor, Fed officials must be very disturbed by the downturn in inflation.

Silver Morning: July-31-2017 -- silver rising in all currencies!

A lifetime of experience in global financial markets has taught us to recognize when a market is over extended either way. It has also taught us that it can stay over-extended for a long time The clear signs are when a market has discounted a very rosy future and expected returns are small relative to the price of assets. But in a climate where prices are very high, fund managers have to decide if the reasons are because they are over-bought, or if the money used to buy them is depreciating in value. Right now equity prices relative to fixed interest rate returns are not excessive. But the prospects of higher rates that will change this have been put off, allowing equities and other assets to remain too high for longer. Indeed the temptation this brings is that prices can go, unjustifiably, quite a bit higher. But this brings into view that when markets eventually do turn down they will fall precipitously. In such a climate ‘stop loss’ protections should be replaced with short positions. Once that happens on a large scale interest rates will become irrelevant and permit markets to fall precipitously simply because markets are falling.

Silver Market Morning: August-4-2017

The dollar is firmly in its bear market, but the media are calling for a rally as it is ‘oversold’. When it comes to a currency we do not see it moving like a share price. This applies to the dollar in particular. Hence we do not give too much weight to the Technical picture of the dollar, right now as we are seeing structural changes in the currency world.

Silver Morning: August-7-2017

In the euro there was only a small drop in the gold price. So where is the dollar going from now on? We don’t see the gold price falling in other currencies and indeed we are not convinced by the jobs report spurring wage inflation soon. The jobs being created are easily low, but on top of that the impact of technology on quality jobs is heavy. The failure of full employment to spur wages is a structural change that will not reverse.

August 14: Gold and Silver Fall as Dollar Climbs With Stocks

Gold fell $12.60 to $1278.70 in London before it bounced back higher throughout most of the morning in New York, but it then drifted back lower in afternoon trade and ended with a loss of 0.72%. Silver slipped to as low as $16.932 and ended with a loss of 0.23%.

Silver Market Morning: August-15-2017: Gold and silver consolidating as the dollar corrects higher?

New York closed $4.53 higher than Shanghai’s close yesterday. Then today sees Shanghai dropping the gold price just before London opened, which lead to London’s prices being lower as the dollar corrected higher, in its falling pattern. Shanghai is leading the way down, but following a stronger dollar as it adjusts to dollar gold prices.

Gold Seeker Closing Report: Gold and Silver Fall Again

Gold fell $14.30 to $1267.70 at about 9AM EST before it chopped back higher at times, but it still ended with a loss of 0.74%. Silver slipped to as low as $16.583 and ended with a loss of 2.46%.

Silver Market Morning: August-16-2017: Gold and silver still consolidating as the dollar corrects higher!

New York closed $5.00 higher than Shanghai’s close yesterday. Then today sees Shanghai dropping the gold price once again just before London opened, which lead to London’s prices being lower for the same reason as yesterday, as the dollar continued higher, in its falling pattern.

August 16: Gold and Silver Reverse Morning Losses And End Higher

Gold dipped to $1267.60 by a little after 9AM EST, but it then jumped to as high as $1283.80 in afternoon trade and ended with a gain of 0.72%. Silver slipped to $16.634 in Asia, but it then climbed to as high as $17.112 in late trade and ended with a gain of 2.64%.

August 17: Gold Gains While Stocks Drop Over 1%

Gold gained $8.10 to $1289.80 in Asia before it fell back to $1281.70 in late morning New York trade, but it then rallied back higher into the close and ended with a gain of 0.55%. Silver rose to $17.159 before it fell back to $16.977 and then also bounced back higher, but it still ended with a loss of 0.23%.

Silver Market Morning: August-18-2017: Gold and silver moved robustly higher again as the dollar weakened!

The dollar is falling once more, but not precipitously. It will lead to higher gold prices if it continues. This is being reflected in today’s prices. There is strength to the rise in gold price that we had not seen before in the previous attacks on $1,300. The causes are solid too. These are; an overvaluation of the dollar, a resuscitation of U.S. demand for physical gold, a dearth of sellers of gold, Shanghai’s demand for gold remains strong as it does in London!

Silver Cycles and War Cycles

Wars are usually financed with debt – borrowed currency. The extra currency in circulation creates price inflation. Silver prices, along with most other commodities, rise due to currency devaluation. Silver is used in war materials and war production, so demand rises, which also causes prices to rise. Conclusion: We expect silver prices to rise at the beginning of new wars or the escalation of major and costly wars. There is little doubt that both World Wars and the Vietnam War were costly and important to the U.S. economy.

Mike Maloney: The Top 10 Reasons I Own Gold and Silver [New Video Series]

When the average investor thinks about gold, they may view it as an inflation hedge. Or maybe as crisis insurance. Or perhaps solely as a portfolio diversifier. These are all good reasons to own gold—but those are always good reasons to buy precious metals. Mike Maloney’s reasons to own gold and silver at this point in history are very different than what passes as standard arguments.

September 13: Gold and Silver Fall Nearly 1%

Gold edged up to $1334.60 in London, but it then fell to as low as $1320.90 in late morning New York trade and ended with a loss of 0.74%. Silver slipped to as low as $17.668 and ended with a loss of 0.67%.

SilverCrest Expands High Grade Footprint At Babicanora, Step Out Drilling Intercepts 4.8 Metres Grading 598 gpt AgEq

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to announce additional Phase II drill results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. These additional drill results indicate expansion of high-grade silver-gold mineralization for the Babicanora Vein (see attached Figures) from previously announced results. The Company is currently exploring seven of the 19 known epithermal veins on the Property, including the Las Chispas, Giovanni, William Tell, Varela, La Blanquita, Granaditas, and Babicanora veins. Additional Phase II drill results are anticipated over the next several months, including potential further expansion of the Babicanora Vein.

September 14: Gold Erases Early Dip and Ends Higher on the Day

Gold edged up to $1326.50 in London before it dropped back to $1315.80 just after 8:30AM EST, but it then climbed to a new session high at $1330.20 in early afternoon trade and ended with a gain of 0.45%. Silver rose to as high as $17.783 and ended unchanged on the day.

September 15: Gold and Silver Fall About 2% on the Week

Gold gained $6.70 to $1334.20 in Asia before it fell back to $1319.90 in late morning New York trade and then jumped back higher into midday, but it still ended with a loss of 0.49%. Silver slipped to as low as $17.59 and ended with a loss of 0.85%.

September 18: Gold and Silver Fall Roughly 1% and 2%

Gold drifted lower throughout most of world trade and ended near its early afternoon New York low of $1304.80 with a loss of 0.95%. Silver slipped to as low as $17.062 and ended with a loss of 2.22%.

September 19: Gold and Silver Bump Higher in Late Trade

Gold edged up to $1310.60 in midmorning New York trade before it fell back to $1305.40 in early afternoon action, but it then shot back higher into the close and ended near its late session high of $1311.70 with a gain of 0.21%. Silver rose to as high as $17.326 and ended with a gain of 0.52%.

September 20: Gold and Silver Fall Almost 1% After Fed

Gold gained $4.80 to $1315.90 in London before it dropped back to $1310.90 in early New York trade and then bounced back higher into midday, but it then fell to a new session low of $1296.10 after the release of today’s fed announcement and ended with a loss of 0.8%. Silver slipped to as low as $16.968 and ended with a loss of 0.92%.

September 25: Gold and Silver Gain 1%

Gold dropped $6.10 to $1290.90 in both Asia and London, but it then shot back higher into the close and ended near its late session high of $1311.10 with a gain of 1.03%. Silver rose to as high as $17.164 and ended with a gain of 1.00%.

September 26: Gold and Silver Erase Yesterday’s Advance

Gold saw slight gains at $1313.40 in Asia before it fell back to $1293.50 in early afternoon New York trade and then bounced back higher at times, but it still ended with a loss of 1.11%. Silver slipped to as low as $16.777 and ended with a loss of 1.81%.

September 27: Gold and Silver Fall Again

Gold fell $13.20 to $1282.70 in early New York trade before it bounced back higher at times, but it still ended with a loss of 0.93%. Silver slipped to as low as $16.679 and ended with a loss of 0.53%.

September 28: Gold and Silver Bounce Higher

Gold saw slight losses in Asia, but it then chopped back higher in London and New York and ended near its late session high of $1288.70 with a gain of 0.2%. Silver rose to as high as $16.892 and ended with a gain of 0.54%.

LBMA Silver Price Benchmark – Changes, but no Wider Participation

On 21 September, ICE Benchmark Administration (IBA) announced that it will take over the administration of the daily LBMA Silver Price benchmark auction beginning Monday 2 October. This LBMA Silver Price auction is the successor to the former London Silver Fix auction. The auction takes the form of trading unallocated silver positions on an electronic platform. The resulting price from the daily auction provides a daily silver price reference rate or benchmark which is used widely throughout the global precious metals industry. It is also now a Regulated Benchmark, regulated by the UK Financial Conduct Authority.

September 29: Gold and Silver Fall About 1% and 2% on the Week

Gold edged up to $1290.10 at about 8:45AM EST before it drifted back lower into the close, but it ended with a loss of just 0.5%. Silver slipped to as low as $16.632 and ended with a loss of 1.13%.

Silvercorp Reports 2017 AGM Results

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX/NYSE AMERICAN: SVM) is pleased to report that all matters placed before the shareholders at its Annual General Meeting ("AGM") held on Friday, September 29, 2017 were approved. A total of 97,309,713 common shares, representing 57.93% of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated August 10, 2017 , were approved by the requisite majority of votes cast at the AGM.

October 2: Gold and Silver Fall But Miners Gain

Gold dipped $8.80 to $1271.20 in Asia before it bounced back to $1277.10 in late morning New York trade, but it then drifted back lower into the close and ended with a loss of 0.67%. Silver slipped to as low as $16.549 and ended with a loss of 0.36%.

Comex Silver "Deliveries" Surge In September

Though Comex metal "delivery" remains a sham and circle jerk where The Banks simply shuffle paper warehouse receipts and warrants, we thought the latest totals for September were noteworthy enough to bring them to your attention. Again, we've written about this on countless occasions and this post is not meant to imply that "the Comex is about to break" or that "there is a run on The Banks". Instead, September saw the continuation of two trends of which you need to be aware. Comex "deliveries" are up dramatically in 2017 and JPM continues to stand down.

U.S. Mint Bullion Coin Sales Dip As Buyers Take Advantage Of Secondary Market

The U.S. Mint is on track for the lowest sales of American Eagle coins in almost a decade. The 2008 financial crisis began a historic ramp up in sales that lasted for years. 20,583,000 silver American Eagles sold that year, more than double the 2007 total of 9,028,036 coins.

October 3: Gold and Silver End Slightly Higher

Gold waffled between $1268.40 and $1272.4 in Asia before it popped up to $1274.50 in early afternoon New York trade and then drifted back lower into the close, but it still ended with a gain of 0.04%. Silver rose to as high as $16.66 and ended with a gain of 0.24%.

Safe Haven Silver To Outperform Gold In Q4 And In 2018

Since the beginning of 2017 the silver price has disappointed many investors. With a 5% gain so far in 2017, it has failed to match gold’s 11% gains this year. Both precious metals have ultimately performed below expectations given the positive macroeconomic and geopolitical backdrop. However, things are starting to look up for the industrial precious metal as industry observers believe it will outperform gold this quarter and into 2018.

Thoughtful Disagreement with Ted Butler

I will end with an offer. Monetary Metals has nearly 3 terabytes of data, containing every COMEX futures and spot metal price in both gold and silver going back 21 years. If you have another specific explanation of how JP Morgan manipulates the market (and which is not invalidated by the graphs above), let’s work to design an experiment. We are happy to query the appropriate data, and publish a graph or graphs that can confirm or disprove your hypothesis.

October 4: Gold and Silver End Mixed in Quiet Trade

Gold gained $10.20 to $1282.10 by a little after 8AM EST before it fell back to $1270.80 in midmorning New York trade, but it then bounced back higher into the close and ended with a gain of 0.28%. Silver climbed up to $16.885 before it dropped back to $16.554 and then also edged back higher at times, but it still ended with a loss of 0.12%.

October 5: Gold and Silver Fall Back Off Before Jobs Day

Gold waffled between $1273.30 and $1278.90 in Asia, but it then drifted back lower in London and New York and ended with a loss of 0.53%. Silver climbed up to $16.738 before it also fell back off, but it managed to close unchanged on the day.

October 6: Gold and Silver End Mixed on the Week

Gold edged up to $1270.20 in London before it fell back to $1260.80 in midmorning New York trade, but it then climbed to as high as $1275.30 by midday and ended with a gain of 0.49%. Silver rose to as high as $16.841 and ended with a gain of 1.02%.

October 9: Gold and Silver Gain Roughly 1%

Gold gained $10 to $1284.90 in Asia before it edged back to $1279.60 in midmorning New York trade, but it then climbed to a new session high at $1285.20 in the last minutes of the day and ended with a gain of 0.78%. Silver rose to as high as $16.986 and ended with a gain of 1.07%.