• Gold: 1,585.78 6.93
  • Silver: 16.64 0.01
  • Euro: 1.102 -0.001
  • USDX: 98.127 -0.259
  • Oil: 45.29 -1

September 14: Gold and Silver Edge Lower on the Week but Miners Gain

Gold gained $6.40 to $1208.50 in Asia, but it then fell back off in London and New York and ended near its early afternoon low of $1193.20 with a loss of 0.67%. Silver slipped to as low as $14.059 and ended with a loss of 0.99%.

September 13: Gold and Silver Close Slightly Lower

Gold edged down to $1203.60 in Asia before it jumped up to $1212.60 by about 9:30AM EST, but it then fell back off into midday and ended near its midafternoon low of $1200.20 with a loss of 0.32%. Silver chopped between $14.171 and $14.348 and ended with a loss of 0.28%.

September 12: Gold and Silver Gain Almost 1%

Gold chopped between $1192.80 and $1197.50 in Asia, but it then jumped to as high as $1208.50 in New York and ended with a gain of 0.82%. Silver rose to as high as $14.276 and ended with a gain of 0.85%.

September 11: Gold Gains While Silver Slips

Gold edged up to $1197.20 in Asia before it chopped down to $1187.90 in early New York trade, but it then rallied back higher into the close and ended near its late session high of $1197.80 with a gain of 0.06%. Silver slipped to as low as $13.942 before it also bounced back, but it still ended with a loss of 0.35%.

September 10: Gold and Silver Close Mixed

Gold fell $4.40 to $1191.70 in London before it rallied up to $1198.50 by midmorning in New York, but it then edged back lower into the close and ended with a loss of 0.05%. Silver chopped between $14.076 and $14.247 and ended with a gain of 0.14%.

September 7: Gold and Silver End Slightly Lower on the Week

Gold gained $2.60 to $1202.30 in London before it dropped down to $1193.50 at about 9AM EST and then bounced back higher into midday, but it still ended with a loss of 0.3%. Silver slipped to as low as $14.078 and ended with a loss of 0.07%.

September 6: Gold and Silver Close Mixed Before Jobs Day

Gold waffled near unchanged in Asia before it rose to see a $9.70 gain at $1206.70 in early New York trade and then fell back to about unchanged by midday, but it then edged back higher in afternoon trade and ended with a gain of 0.23%. Silver slipped to as low as $14.1119 and ended with a loss of 0.21%.

September 5: Gold and Silver Edge Higher

Gold held near unchanged in Asia before it climbed up to $1198.00 in morning New York trade and then drifted back lower at times, but it still ended with a gain of 0.3%. Silver rose to as high as $14.231 and ended with a gain of 0.21%.

COMEX Silver To Test 2015 Lows

Putting this all together, we must once again warn precious metal investors and traders to avoid "catching the falling knife". Though it may appear that price is near a physical floor... and though it may appear that the CoT positioning is near historic levels... and though it may appear that the charts look oversold... none of this will matter if the emerging markets continue to melt down and China continues its regime of devaluations against the US$. In this scenario, COMEX precious metal prices will continue lower, despite all traditional metrics.

September 4: Gold and Silver Fall with Stocks

Gold traded mostly slightly higher in holiday-thinned trade yesterday before it chopped down to as low as $1189.80 by midmorning in New York today and then bounced back higher into midday, but it still ended with a loss of 0.48% from last Friday’s close. Silver slipped to as low as $14.007 and ended with a loss of 2.41%.

August 31: Gold and Silver Find Slight Losses on the Week

Gold gained $8.60 to $1208.80 in Asia, but it then chopped back lower in London and New York and ended with a loss of 0.09%. Silver slipped to as low as $14.487 and ended with a loss of 0.34%.

August 30: Gold and Silver Fall with Stocks

Gold fell $5.80 to $1200.50 in Asia before it bounced back to $1206.70 in London and then plunged down to $1196.50 by a little before 10AM EST, but it then chopped back higher into the close and ended with a loss of just 0.51%. Silver slipped to as low as $14.515 and ended with a loss of 1.36%.

DSLV Update…The Chartology of Silver

Today DSLV 3 X short silver etf, is breaking out from a possible bearish falling wedge. I’m going to take an initial position and buy 150 shares at the market at 34.74 with the sell/stop on a daily close below the 50 day ema which is currently at 30.06. ZSL is a 2 X leveraged etf if you don’t want all the leverage. DSLV can be pretty volatile so take small bites. A backtest to the top rail would come into play around the 34.15 area for a slightly lower risk entry point.

Silver Krugerrand Has Arrived!

This month, the silver bullion Krugerrand has been launched! It’s a really big development, as the Krugerrand is an iconic global brand. The gold Krugerrand was launched in 1967 as the first modern gold bullion coin. It enjoyed great interest, with the peak in 1978 when over 6 million ounces of Krugerrands were sold.

August 29: Gold and Silver Gain with Stocks and Oil

Gold saw slight gains in Asia and rose to as high as $1206.70 at about 9:15AM EST before it dropped towards unchanged by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.42%. Silver chopped between $14.66 and $14.789 and ended with a gain of 0.27%.

360 video: Take a look around the London Silver Vaults

Deep beneath Chancery Lane in central London are the London Silver Vaults, containing the largest retail collection of antique silver in the world. Use our 360 video to discover it for yourself.

Inflation is a Policy Decision

Relative to the DOW, silver prices are too low. Long-term the DOW and commodity prices will rise. Bankers and politicians profit from currency devaluations so inflation will continue. Silver prices bottomed in December 2015 but remain low compared to the DOW, M3, and national debt. M3 and debt increase exponentially. People will realize that debts can be paid only via default or devaluation. Silver will (someday) rise when investors protect their savings and retirements with inflation hedges.

August 28: Gold and Silver Fall Roughly 1%

Gold waffled near unchanged in Asia and rose to see a $4 gain at $1214.30 in London before it dropped to a new session low of $1207.10 by late morning in New York and then bounced back towards unchanged by midday, but it then fell back off again into the close and ended with a loss of 0.74%. Silver slipped to as low as $14.671 and ended with a loss of 1.08%.

These Indicators Are Predicting New All-time High Silver Prices

Since the 1999 Dow/Gold ratio peak, silver was only able to reach around $49, just short of the 1980 high of $50 (not so clear on the chart since it deals with monthly prices). This tells me that all-time highs are still coming. Interest rates are also a very important economic measure, especially for silver prices, as explained previously (explained for gold, but also applies to silver). A period after a major interest rate bottom is generally great for silver.

August 27: Gold and Silver Gain with Stocks

Gold saw modest gains in Asia before it fell back to $1203.30 in London, but it then jumped to as high as $1212.40 in New York and ended with a gain of 0.39%. Silver chopped between $14.747 and $14.914 and ended with a gain of 0.47%.

August 24: Gold and Silver Jump 2% to Close Out the Week

Gold soared $22.90 to as high as $1208.40 by midday in New York before it edged back lower in afternoon trade, but it still ended with a gain of 1.7%. Silver surged to as high as $14.87 and ended with a gain of 2.14%.

August 23: Gold and Silver Fall Almost 1% and 2%

Gold dropped $10.10 to $1186.50 in Asia before it bounced back towards unchanged in London, but it then fell back off again in New York and ended near its late session low of $1184.00 with a loss of 0.93%. Silver slipped to as low as $14.482 and ended with a loss of 1.76%.

Video: Is Silver Set for a Massive Breakout?

– Silver has been basically in a “volatility depression” (see chart) – Volatility has been “slowly decreasing over time … for years now” – Silver is “forming some sort of base” and “it is due for a massive break out” and this should “pull gold up with it”

August 22: Gold and Silver Hold Steady

Gold dipped $1.10 to $1192.90 in Asia before it rallied to as high as $1201.50 in early New York trade and then fell back off into the close, but it still ended with a gain of 0.22%. Silver rose to as high as $14.873 and ended unchanged on the day.

August 21: Gold and Silver Gain with Stocks

Gold gained $6.10 to $1196.30 in Asia before it dropped back to $1187.80 by late morning in New York, but it then bounced back higher into the close and ended with a gain of 0.32%. Silver slipped to as low as $14.72 and ended with a gain of 0.07%.

Santacruz Silver Reports Malfunction in Tailings Dam Dewatering Pipe

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) reports that during the weekend at its Rosario Mine in San Luis Potosi, Mexico , a pipeline connecting the Rosario Mine tailings impoundment to a secondary settling pond ruptured and as a consequence water and some tailings material were discharged outside of the tailings treatment system. The Company has notified all appropriate regulatory and governmental authorities.

Silver Market Morning

New York closed at $1,218.90 up $13.40 as the euro continued to fall. Gold retreated to $1,214.10 with the euro at $1.1866 ahead of London’s opening. The Fix saw the gold price set at $1,213.75 up $2.75 and in the euro, at €1,023.83 up €6.525 while the euro was another half of a cent weaker than yesterday at $1.1855. Ahead of New York’s opening gold was trading in London at $1,213.40 and in the euro at €1,024.61.

Fortuna Reports 2014 Record Production of 8.7 Million Silver Equivalent Ounces and Issues Guidance for 2015

Fortuna Silver Mines, Inc. (FSM)(FVI.TO)(FVI)(F4S.F) is pleased to announce 2014 production figures from its two underground operating silver mines located in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 6.6 million ounces of silver and 35.3 thousand ounces of gold or 8.7 million Ag Eq* ounces.

Silver Market Morning

New York closed at $1,258.50 up $30.50 as the euro continued tumbling. In Asia and early London the gold price lifted to $1,260.20 with the euro 1.3 cents down at $1.1625. The Fix saw the gold price set at $1,258.25 up $23.00 and in the euro, at €1,082.366 up €26.96 while the euro was ¾ of a cent weaker at $1.1625. Ahead of New York’s opening gold was trading in London at $1,258.00 and in the euro at €1,084.48.

Silver Market Morning

Gold Today –New York closed at $1,275 up $16.50 as the euro continued to slide. In Asia and early London the gold price held that level with the euro 0.75 cents down at $1.1562. The Fix saw the gold price set at $1,275.50 up $17.25 and in the euro, at €1,099.853 up €17.49, while the euro was 1/4 of a cent weaker at $1.1597. Ahead of New York’s opening gold was trading in London at $1,277.00 and in the euro at €1,101.15.

Fortuna Intercepts 1,282 g/t Ag and 8.1 g/t Au Over 4.6 Meters in Trinidad North Step-Out Drilling at San Jose Mine, Mexico

The new drill results confirm that the Bonanza and Trinidad veins and the structurally and spatially related Trinidad North Stockwork Zone all remain open to the north and to depth along the strike and plunge of the ore shoots.

Silver Stocks Will Rule In 2015

Bank economists and bearish gold gurus continue to err, on their gold price predictions. The huge declines they promised in 2014 on the taper never materialized. They promised that 2015 would bring much lower prices. Instead, gold has already rallied strongly, as I told the gold community it would, because of the bullish news that consistently emanates from Asia.

Exponential Explosions in Debt, the S&P, Crude Oil, Silver and Consumer Prices

In 1913 the US national debt was less than $3 Billion, gold was real money, and a cup of coffee cost a nickel. By 2015 the US national debt had increased to over $18,000,000,000,000 ($18 Trillion), the gold standard was called a “barbarous relic,” most currencies had devolved into fiat paper and digital symbols backed by insolvent governments, and a Grande soy cinnamon latte, double pump, triple shot, extra hot, with sprinkles cost about five bucks.

February 13: Gold and Silver End Mixed on the Week

Gold climbed $9.18 to $1231.18 in Asia before it fell back to $1223.30 in London, but it then climbed to a new session high of $1234.85 in New York and ended with a gain of 0.53%. Silver rose to as high as $17.44 and ended with a gain of 2.55%.

SilverCrest Appoints Vice President, Corporate Communications

Mr. Rapsch has more than nine years of investor relations and corporate communications experience. The past three and a half years have been within the mining industry at SilverCrest, where he has been responsible for implementation, management and execution of all marketing and investor relations related programs, including but not limited to outreach programs to retail and institutional investors across North America and Europe.

SilverCrest Announces New Discovery at Ermitaño El Durazno Target

SilverCrest Mines Inc. (the “Company” or “SilverCrest”) is pleased to announce initial results of exploration drilling at the El Durazno Target within the 100% held Ermitaño I concession in Sonora, Mexico. Nine (9) shallow drill holes, totalling an estimated 2,656 metres have been completed. The objective was to initially drill test surface mineralization for potential open pit targets. El Durazno is the first of several targets identified by surface work to be drilled in the Ermitaño I & II and Cumobabi concessions. Please refer to news releases dated January 14, 2014 and November 18, 2014 on the Company’s website at www.silvercrestmines.com for more information.

Market Report: Mid-week sell-off

In last Friday's Market Update I commented that it is easy for bullion banks with deep pockets to move markets and change sentiment.

February 20: Gold and Silver Fall Over 2% and 6% on the Week

Gold dipped down to $1201.64 in late Asian trade before it bounced back to $1214.54 in London, but it then fell to a new 7 week low of $1198.52 in New York and ended with a loss of 0.53%. Silver slipped to as low as $16.191 and ended with a loss of 0.98%.

February 25: Gold and Silver Gain With Oil

Gold climbed $11.68 to $1211.88 in Asia before it fell back to $1201.17 in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.37%. Silver rose to as high as $16.733 and ended with a gain of 1.79%.

SilverCrest President to Take Leave of Absence

SilverCrest Mines Inc. ("SilverCrest" or the "Company") announced today that N. Eric Fier, President and Chief Operating Officer, has taken a partial leave of absence to deal with certain matters of personal health. Dunham L. Craig, Director, has been appointed Interim President and will assume the President's responsibilities on a temporary basis until further stages of a succession plan developed by the Board of Directors can be implemented.

Fortuna to Release 2014 Yearend Financial Results on March 12, 2015; Conference Call at 12 p.m. Eastern on March 13, 2015

Fortuna Silver Mines Inc. (FVI.TO)(FSM) announces that it will release its financial statements and MD&A for 2014 after the market closes on Thursday, March 12, 2015.

SilverCrest to Release 2014 Fourth Quarter and Year-End Financial Results on an Amended Date, March 25, 2015

The Company’s audited 2014 fourth quarter and year-end financial results are now scheduled to be released after market closes on Wednesday March 25, 2015. SilverCrest will be holding a conference call to discuss these results on Thursday, March 26, 2015, at 10 a.m. PST (1 p.m. EST).

March 5: Gold and Silver End Near Unchanged Before Jobs Day

Gold dipped $1.43 to $1197.97 in London before it rallied back to $1209.48 at about 10:40AM EST and then drifted back lower in the next few hours of trade, but it then bounced back higher in early afternoon trade and ended with a loss of just 0.12%. Silver rose to as high as $16.362 and ended with a gain of 0.19%.

Fortuna Updates Reserves and Resources: Silver Contained in Reserves Increases 14% Year-Over-Year

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2015) - Fortuna Silver Mines, Inc. (FSM) (FVI.TO) is pleased to report updated Mineral Reserve and Mineral Resource estimates as of December 31, 2014 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine located in Oaxaca, Mexico.

Fortuna Reports Consolidated Financial Results for 2014

Fortuna Silver Mines Inc. (FSM)(FVI.TO) today reported revenue of $174.0 million, net income of $15.6 million and cash generated from operations before changes in working capital of $59.8 million in 2014.

Fourth Quarter and Year End 2014 Financial Results to be Released on March 23, 2015

Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE - MKT; "Avino" or "the Company") is pleased to announce that its fourth quarter and year end 2014 financial results will be released before market on Monday, March 23, 2015.

Is the tide turning for Precious Metals?

Has the tide begun to turn for the precious metals, notably silver and gold? In our view the turn began last year and if pressed to pinpoint one event, it would be following the failure of the Swiss referendum when the SNB de-pegged the franc from the euro. The Swiss National Bank was frustrated with the continued depreciation of the Euro. This had as much to do with sentiment as it did with the SNB clearing seeing the Euro might be going the way of the Rentenmark.

What’s Wrong With Silver?

Silver prices are largely set on the COMEX futures – paper silver. A company can post the margin and sell short thousands of contracts with no actual metal available thereby creating artificial supply. The reverse occurs when some company buys thousands of contracts. It is a paper game, but unfortunately it has tremendous influence on the price of real silver.

Is the tide turning for Precious Metals? Part II

In our new book The Silver Manifesto, David Morgan and I not only discuss the debt bomb waiting to explode in most every western world economy but also the fact that the Fed will NEVER willingly hike interest rates by any material degree because (i) the monetary policy in place isn’t conducive to economic growth, instead promoting vast misallocations of capital and (ii) because the U.S. economy is a debt based economy which needs constant debt financing, the Fed would never hike interest rates as the cost of servicing the interest on newly acquired debt would spiral out of control, thereby causing deficit spending to go through the roof. Substantially higher deficit spending would necessarily require even more debt accumulation and the cycle would repeat itself.

Santacruz Silver Rosario Mine Resumes Operations

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that the Company has received approval from PROFEPA and SEMARNAT (Mexico´s environmental regulatory authorities) to resume operations at its Rosario Mine, located near Charcas, San Luis Potosi.

Gold Triangle Reality Check

Gold And Silver Seasonal Trends

Mexico's Silver Mines Shine

Chart to keep an eye on - Silver

April 25: Gold and Silver End Mixed

Gold waffled near unchanged in Asia and London and edged up to $1644.30 at about 9:15AM EST before it dropped to as low as $1625.25 immediately after today’s fed statement, but it then climbed to as high as $1646.20 in afternoon trade and ended with a gain of 0.16%. Silver slipped to as low as $29.98 before it also recovered, but it still ended with a loss of 0.29%.

COMEX Silver Inventory Update

Silver Market Morning

New York closed at $1,638.70. Asia then took the price down to $1,627 early in London’s morning. The euro remarkably has held above €1: $1.30 at €1: $1.3032 leaving gold in the euro at €1,248.47 down €10 on yesterday. The Fixing in London today was set at $1,627.00 and in the euro at €1,250.769. Ahead of New York’s opening it continued to slip to stood at $1,625.00 and in the euro, which also continued to slip, €1,249.66 while the euro was at €1: $1.3003.

South American Silver Corp. Announces Final Closing of $16 Million Financing with Asian based High Technology Groups

South American Silver Corp.(TSX: SAC, US OTC: SOHAF) is pleased to announce that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering (the "Offering") of 10 million Units of the Company announced 16 April 2012. The offering was priced at $1.60 per Unit, which represented a 6% premium to the 5 day volume weighted average trading price of the Company's common shares at the time the Toronto Stock Exchange (the "TSX") accepted notice of the transaction.

COMEX Silver Inventory Update

Silver Market Morning

New York closed at $1,606.80. Asia and London then took the price down to $1,585 early in London’s morning. The euro fell below €1: $1.30 to €1: $1.2971 leaving gold in the euro at €1,221.96 down €27 on yesterday. The Fixing in London today was set at $1,585.50 down $42 and in the euro at €1,221.37 down 2€8. Ahead of New York’s opening it continued to slip to stood at $1,585.81 and in the euro, which also continued to slip, €1,222.68 while the euro was at €1: $1.2970.

Silver Market Morning

New York closed at $1,591.00. Asia lifted the price up to $1,594 early in London’s morning. The euro stood at €1: $1.2965 leaving gold in the euro at €1,229.46. The Fixing in London today was set at $1,590.00 up $8 and in the euro at €1,228.368 up €7. Ahead of New York’s opening it started to slip again and stood at $1,587.65 and in the euro, which also continued to slip, €1,227.41 while the euro was at €1: $1.2935.

The Power of Relative Value & the Silver Market! WOW!

If this does not get your attention I do not know what will. Imagine buying a $400,000 furnished condo in 2011 with the proceeds of a $6,250 investment that was made in 2003. We know someone who has actually done this by using the power of relative value. Let us explain the concept and then we will explain how the relative value may apply to other great opportunities in our markets today.

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in the sector."