• Category Archives Silver
  • Case-Shiller Home Prices Disappoint But Hit New Record High

    Great news ‘Murica – your house has never been worth more than it was in May (according to Case-Shiller’s national home price index).
    On the slightly less silver-lining side of the equation, April’s 0.28% gain in price was revised to 0.18% MoM drop and May’s proint disappointed at just 0.1% rise MoM.

    This post was published at Zero Hedge on Jul 25, 2017.


  • MAY 5/USA ISSUES A FAIRY TALE JOBS REPORT/HUGE BANK RUNS IN ITALY AS ITS TARGET 2 IMBALANCES BALLOON/RUSSIA, IRAN AND TURKEY BAN USA FLIGHTS OVER SAFE ZONES IN SYRIA/NEW YORK FED LOWERS ITS ESTIM…

    Gold: $1226.60 UP $.10
    Silver: $16.28 UP 4 cent(s)
    Closing access prices:
    Gold $1228.50
    silver: $16.34!!!
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1238.24 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: 1228.35
    PREMIUM FIRST FIX: $9.83

    This post was published at Harvey Organ Blog on May 5, 2017.


  • Huey’s Looking Haggard, But…

    HUI is torn, frayed and downright bearish. What’s more, it’s been bearish since it started to drop from the SMA 200 failure point.
    In NFTRH, we managed bounce #1 (off the Dec. low) as just that, a bounce. Then we managed bounce #2 as just that, a bounce. It doesn’t take a trained eye to see why; only a rise above the October high would have set an uptrend for bounce #1 and a rise above the February high would have set an uptrend for bounce #2.
    It didn’t happen and any pumping done by the gold ‘community’ since last summer has really been just wishful thinking because the sector has been in ‘bounce only’ mode (of interest to traders), as I’ve parroted to subscribers over and over again. In fact, we’ve noted the failure to join gold and break to new highs in both the miners and silver as a negative divergence for the entire sector. Gold of course, was busy getting caught up with the Gassing, Tomahawk and MOAB war/terror trade, a canard that, along with the pestilence fear trade, never ends well.

    This post was published at GoldSeek on Friday, 5 May 2017.


  • Buying Mania Will Push Silver Price Much Higher As Dow Jones-Silver Ratio Falls Back Towards 50/1

    Just like the current market frenzy pushing Bitcoin to new all-time highs, the same sort of buying mania will also push the silver price to new highs. Even though the silver price and precious metals sentiment have fallen considerably, the market has no clue just how undervalued the shinny metal truly is.
    Very few investors realize that the Dow Jones-Silver ratio back in 1981 was 50/1. Which means, 50 ounces of silver would buy the Dow Jones Index 46 years ago. Today, the Dow Jones-Silver ratio is trading above a staggering 1,200/1. Thus, it takes 1,200 ounces of silver to by the Dow Jones Index today as the ratio is nearly 25 times higher today than it was in 1981.
    Of course, a large percentage of the silver price increase during the 1970’s was due to the Hunt Brothers acquiring a lot of the metal during the decade. However, a great deal of institutions came behind the Hunts and also bought silver during the latter part of the 1970’s. Lastly, we had the typical ‘Brain dead’ public come in and buy at the top. It is so unfortunate that the public doesn’t understand long term investing or wealth preservation. Instead, they buy as much stuff on credit today and then worry about paying for it all tomorrow.

    This post was published at SRSrocco Report on MAY 4, 2017.


  • Ted Butler Quote of the Day 05-05-17

    My letter to the CFTC included this passage – “Almost without fail, on every past occasion where the concentrated short position in COMEX silver futures reached extreme levels, it was only a matter of time before the price of silver gets rigged lower by these big shorts to induce speculative selling from traders operating on technical price signals. In fact, COT report data indicate that JPMorgan has never taken a loss, only profits on every silver short position it has added over the past nine years. Such results would not be possible in a market that wasn’t manipulated in price. In essence, speculators have taken over the price discovery process in silver because there are so few real hedgers trading on the COMEX, only speculating banks betting against other speculative traders.”

    Considering that several hundred individuals took the time to contact the CFTC on this matter, it is not possible for the agency to have failed to notice that silver prices were deliberately rigged lower just as advertised beforehand. The Commission’s own data confirm and will confirm that technical fund traders were the big sellers and the bank shorts, led by JP Morgan, were the big buyers on the recent price rout. The necessary ingredients for manipulation were all present and accounted for – means, motive and opportunity.

    Another undeniable conclusion is that JP Morgan has done it once again, namely, teamed up with the other big COMEX commercial shorts to rig silver prices lower and has begun to buy back recently added short positions with profits. Thus, a nine year perfect trading record has been extended and preserved. Nine years after taking over Bear Stearns, JP Morgan has established the perfect record in only buying back any added short positions in COMEX silver at a profit and never, ever at a loss

      More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.


  • Protect Your Assets From The Establishment Agenda | Golden Rule Radio #17

    The following video was published by McAlvany Financial on May 4, 2017
    This week we review the price movements in the Gold, Silver, & Platinum Markets. The globalist agenda is threatened by Trump and they are pressing harder than ever to accomplish their goals. Learn how you can safeguard what you’ve worked your whole life to earn and to protect your assets from paper driven manipulation. Thanks for listening.


  • Gold and Silver Market Morning: May 04 2017 – Gold falls and is looking for a bottom!

    Gold Today – New York closed at $1,239.50 yesterday after closing at$1,256.90 Wednesday. London opened at $1,234.00 today.
    Overall the dollar was slightly stronger against global currencies early today. Before London’s opening:
    – The $: was weaker at $1.0932 after yesterday’s $1.0912: 1.
    – The Dollar index was slightly stronger at 99.11 after yesterday’s99.08.
    – The Yen was weaker at 112.96 after yesterday’s 112.16:$1.
    – The Yuan was weaker at 6.8949 after yesterday’s 6.8921: $1.
    – The Pound Sterling was weaker at $1.2887 after yesterday’s $1.2923: 1.
    Yuan Gold Fix
    The Shanghai Gold Exchange was trading at 277.10 towards the close today. This translates into $1,245.02. New York closed at a $5.52discount to Shanghai’s close yesterday. London opened at a discount of$11.02 to Shanghai’s close today.
    London is leading the way down at the moment, following Shanghai’s close and New York is beginning to show signs of buyers coming in. But we note that not until today did London outrun the others in taking the gold price down.
    LBMA price setting: The LBMA gold price was set today at$1,235.85 from yesterday’s $1,253.95.

    This post was published at GoldSeek on 4 May 2017.


  • Apple CEO Vows to Bring Manufacturing Back to the US, Robots to Fill Most of the Jobs

    Robots are the Great Equalizer: Silver lining in the long tragedy of disappearing American manufacturing jobs.
    Apple will invest in and promote ‘advanced manufacturing’ in the US, CEO Tim Cook told CNBC’s Jim Cramer on Wednesday after the somewhat uninspiring earnings report. It was one of the ways Apple would create jobs in America, he said. To do that, Apple would put $1 billion in a fund that would invest in ‘advanced manufacturing’ companies.
    Apple has already ‘created two million jobs in America,’ he said in the interview. This includes 80,000 jobs at Apple in the US; plus jobs at US suppliers, such as Corning, which makes the glass for the iPhone and iPad, and 3M, which makes adhesives that Apple uses in its devices; plus the ‘developer community’ of almost 1.5 million people who write apps that, as he said, ‘change the world.’
    So to ‘get more people to do advanced manufacturing in the US,’ he said, Apple is setting up a fund, ‘initially’ putting in $1 billion. ‘We’re announcing it today,’ he said. ‘We’ve talked to a company that we’re going to invest in already.’

    This post was published at Wolf Street by Wolf Richter ‘ May 4, 2017.


  • Silver miners must know their market is rigged but are too afraid to protest — Bill Rice Jr.

    As silver is again being pushed down hard and good for no market-related reason, I can’t help but wonder what the mining company executives are thinking. One thing we know. They won’t protest. Two reasons are typically given for this “grin and bear it’ attitude:
    1) The bullion banks doing the rigging also provide the miners’ much-needed financing. The miners can’t get on the wrong side of these guys.
    2) Governments supporting the rigging also can harm mining companies in any number of ways, such as permitting, environmental regulations, OSHA-type violations, audits, etc.
    I’ve come to believe that the miners know that their markets are rigged but they are simply afraid to protest this. They fear retaliation. The governments and the bullion banks are bullies who threaten the existence of anyone who might challenge their goals or call them out.
    Also, as top managers of mining companies are paid very well, they have even less of an incentive to take a chance and fight back. These people live very comfortably even as the price of their product is kept lower than it would be in a free market.

    This post was published at GATA


  • Gold dumps on Fed News as markets price in June rate hike

    Copper prices sink off of a stunning 32% increase in LME Warehouse Stocks. Gold takes it on the chin as the markets interpret the FOMC Announcement today to keep a June rate hike fully in play. Last, silver continues to lose to gold via the gold silver ratio.


    This post was published at GoldSeek on 3 May 2017.


  • Stocks and Precious Metals Charts – FOMC Day, NFP on Friday

    ‘Therefore I must say that, as I hope for mercy, I can have no other notion of all the other governments that I see or know, than that they are a conspiracy of the rich, who, on pretense of managing the public, only pursue their private ends, and devise all the ways and arts they can find out; first, that they may, without danger, preserve all that they have so ill acquired, and then that they may engage the poor to toil and labor for them at as low rates as possible, and oppress them as much as they please.”
    Thomas More, Utopia
    Today was an FOMC decision day, and the Fed pretty much decided to do nothing. They did acknowledge that there is some slowing in the economy in the first quarter. Ya think? lol
    But as usual, the quarter was dismissed by reason of bad statistical analysis and/or adverse weather.
    Stocks held up into the close despite weakness all day. This *could* be the handoff of the rally from the pros to the schmoes. Let’s see how the rest of the week goes.
    Gold and silver were steadily knackered from the open in NY, and pushed down to the lows in very quiet trade into the close. The daddies of brides in India thank you for your service.
    Today was the last of the queen’s radiation treatments, and she is doing remarkably well. We are getting dinner out (meaning I go out and bring it home) to celebrate.

    This post was published at Jesses Crossroads Cafe on 03 MAY 2017.


  • MAY 3/ANOTHER RAID ON GOLD AND SILVER ESPECIALLY AFTER FOMC STATEMENT/THE AMT OF SILVER STANDING AT THE COMEX IN MAY HAS INCREASED AGAIN AND NOW STANDS AT OVER 19 MILLION OZ/USA SENDS A MESSAGE T…

    Gold: $1246.40 DOWN 8.70
    Silver: $16.49 DOWN 34 cent(s)
    Closing access prices:
    Gold $1237.50
    silver: $16.48!!!
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)
    SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)
    SHANGHAI FIRST GOLD FIX: $1264.95 DOLLARS PER OZ
    NY PRICE OF GOLD AT EXACT SAME TIME: 1256.40
    PREMIUM FIRST FIX: $8.55
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    SECOND SHANGHAI GOLD FIX: $1264.10
    NY GOLD PRICE AT THE EXACT SAME TIME: 1253.95
    Premium of Shanghai 2nd fix/NY:$9.25
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
    LONDON FIRST GOLD FIX: 5:30 am est $1253.95
    NY PRICING AT THE EXACT SAME TIME: $1253.80
    LONDON SECOND GOLD FIX 10 AM: $1255.45
    NY PRICING AT THE EXACT SAME TIME. $1254.85
    For comex gold:
    MAY/
    NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 8 NOTICE(S) FOR 800 OZ.
    TOTAL NOTICES SO FAR: 35 FOR 3500 OZ (.1088 TONNES)
    For silver:
    For silver: MAY
    535 NOTICES FILED TODAY FOR 2,675,000 OZ/
    Total number of notices filed so far this month: 2713 for 13,565,000 oz
    XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
    FEDERAL RESERVE EAR MARKED GOLD REPORT for April
    In Feb we had $7,841,000 worth of gold housed at the FRBNY valued at 42.21 dollars per oz
    Last month: we had the same; $7,841,000 of gold valued at 42.21
    thus 0 oz of gold moved out.

    This post was published at Harvey Organ Blog on May 3, 2017.


  • Gold and Silver Market Morning: May 03 2017 – Gold continues consolidating!

    Gold Today – New York closed at $1,256.90 yesterday after closing at$1,257.20 Tuesday. London opened at $1,254.00 today.
    Overall the dollar was slightly weaker against global currencies early today. Before London’s opening:
    – The $: was weaker at $1.0912 after yesterday’s $1.0908: 1.
    – The Dollar index was weaker at 99.08 after yesterday’s 99.13.
    – The Yen was barely changed at 112.16 after yesterday’s 112.14:$1.
    – The Yuan was stronger at 6.8921 after Friday’s 6.8969: $1.
    – The Pound Sterling was stronger at $1.2923 after Friday’s $1.2875: 1.
    Yuan Gold Fix
    The Shanghai Gold Exchange was trading at 280.70 towards the close today. This translates into $1,261.78. New York closed at a $4.88discount to Shanghai’s close yesterday. London opened at a discount of$7.78 to Shanghai’s close today.
    LBMA price setting: The LBMA gold price was set today at$1,253.95 from yesterday’s $1,255.80.
    The gold price in the euro was set at 1,148.88 after yesterday’s1,151.27.

    This post was published at GoldSeek on 3 May 2017.


  • GOLD & SILVER SMASHED BY CARTEL

    The following video was published by SilverDoctors on May 3, 2017
    The gold cartel smashes gold and silver lower again. Trump says he would be open to meeting with North Korean dictator Kim Jong-un. Obamacare repeal may finally pass the House. Trump talks with Putin.
    The relentless smash of gold and silver prices continued Wednesday.
    Gold was down another $10 to $1245, finally breaking below significant support at $1250. Silver prices are down another 30 cents to $16.55, now a full $2 below recent highs near $18.60.
    The all time record open interest in silver and massive commercial short positions in the COT report was indicating a cartel slam was coming, and come it has. Adding to the downside fuel is the Fed. The Fed is apparently preparing to unleash another rate hike in June, regardless of economic conditions. The metals have stabilized in the wake of the FOMC statement’s 2pm Eastern Time release, and we are looking for a bottom in both metals over the next 48 hours as an excellent entry point opportunity.


  • Silver News: Institutional Investment Pushes Price Higher; US Jewelry Sales Robust

    The Silver Institute has released the April issue of Silver News. This edition highlights rising silver prices pushed by strong institutional investment.
    The price of silver had increased by about 11% as of April 25. According to the Silver Institute, improving sentiment among institutional investors has helped drive up the price.
    Changing expectations towards the outlook for U. S. interest rates and the proliferation of negative policy rates across other key reserve currencies has
    rekindled institutional investor interest in precious metals. Meanwhile, a marked improvement in silver industrial offtake, led by photovoltaics, which achieved a record high last year, is also helping. All these factors in turn have fueled investment inflows into silver futures, options, exchange traded products (ETPs) and over-the-counter products.’
    The Silver institute also reports strong silver jewelry sales in the US last year. Survey work on behalf of the institute showed 62% of jewelry retailers reporting increased sales in 2016.

    This post was published at Schiffgold on MAY 3, 2017.


  • Ted Butler Quote of the Day 05-03-17

    The turnover or physical movement of metal brought into or taken out from the COMEX-approved silver warehouses surged this past week to a level not seen since I first started featuring the data six years ago. I started tracking the weekly physical turnover around April 2011, the time when the price of silver peaked and began a six year grind down. This past week, nearly 15.4 million oz were physically moved in or out of the six COMEX silver warehouses, as total COMEX silver inventories rose by 2 million oz. to 196.6 million oz (another two decade high).

    When annualized (a fancy word for multiplying by 52), the 15.4 million oz of silver physically moved (by men driving forklifts and trucks) into and out from the six active COMEX silver warehouses, comes to 800 million ounces, not that much less than total world annual silver mine production. Another way of stating this is that this week, the physical movement of silver between the six active COMEX warehouses just about equaled world mine production for the week. (Actually, even more on a daily basis, since the COMEX warehouse data is for 5 business days, while mine production is a 7 day affair).

    Please remember that I am not talking about paper futures contract trading; the warehouse movement this week involves the physical movement of 15,400 ingots of silver in 1,000 oz bars, weighing about 70 pounds each. There has to be a reason why so much physical silver has moved in and out of the COMEX warehouses non-stop for the past six years. And before you try to come up with that reason, please also consider that the unusually large physical turnover in COMEX silver is strictly unique and specific to silver among all commodities.

    A small excerpt from Ted Butler’s subscription letter on 29 April 2017.

    More precious metals news & information available at
    Ed Steer’s Gold & Silver Digest.