"so quiet that you can hear a pin drop, a most unusual situation in this normally rather volatile metal." Here's why that's about to change...by Clive Maund of Streetwise ReportsThe silver market has become so quiet that you can hear a pin drop, a most unusual situation in this normally rather volatile metal. What this means is that there is a big move brewing and probably sooner rather than later...Read More
By Carlo Martuscelli Rio Tinto PLC (RIO.LN) said Thursday that is has signed an agreement to form a joint venture with Minmetals to explore mineral deposits in China. The joint venture, which is equally split between the two parties, will have capital of 200 million yuan ($31.3 million), with an initial contribution of CNY35 million each within six months of the establishment of the joint venture...Read More
"Silver is stuck in a managed range of 16 to 17 for several months, but a decision point is coming soon and positioning and sentiment clearly favor..."by David Brady via Sprott Money NewsGiven that Gold continues to trade in a tight range ahead of the FOMC meeting next week-and nothing has changed in terms of its analysis, save for a bullish drop in open interest to 450k today-I am taking this opp...Read More
CLICK ON CHART TO ENLARGEAbove looks at the Silver/Gold ratio over the past 18-years.Three different times the ratio hit support alone line (1) and turned higher, sending a positive message to Silver and Gold.The ratio hit 15-year support again a couple of months ago, which appears to have held.Last month and this month the ratio is pushing higher and is now attempting a breakout at (2). A push h...Read More
Ted Butler say, "let me be clear, both JPMorgan and the CME Group are stone-cold crooks when it comes to silver." Here's why...by Ted Butler via SilverSeekNo doubt you're aware of the massive fraud uncovered at Theranos, the high tech medical startup purported to be able to run any number of diagnostic tests from a single drop of blood. Theranos was a Silicon Valley upstart valued at $10 billion a...Read More
Peter KrauthA weakening dollar hasn't spurred silver prices like we expected, but the indicators I'm looking at show silver is nearing the tipping point it needs to surge higher.Geopolitical concerns have eased in Italy and Spain, and the U.S.-North Korea summit appears to be on once again for next week.That has diminished the attraction of silver's safe-haven properties in the near term, but with...Read More
Bix has an announcement to make about what people say about him, and Bix also has a few good things to say about silver. Here's the details...Bix Weir has announced that he has had enough and he isn't dealing with comments anymore (click link to see announcement):Comments are now shut off on the RoadtoRoota YouTube Channel. No room in my world for vile comments or vile people so all the trolls are...Read More
With silver-stock sentiment remaining excessively bearish, this sector is primed to soar as silver itself resumes mean reverting higher. Here's why...by Adam Hamilton of Zeal LLCSilver Miners' Q1'18 FundamentalsThe major silver miners' stocks remain deeply out of favor, languishing near multi-year lows. Of course that reflects investors' lack of interest in silver itself. It has greatly lagged...Read More
Many people think 'globalization' is a new phenomena, but it's roots trace back to the 16th Century, and it has much to do about silver. Here's more...Half Dollar's Notes: This is an excerpt from a series on the history of the silver trade in China. This chapter, as well as four others, are posted on the South China Morning Post and can be found using this link. It is well worth it for some great...Read More
The window is closing, and it's "do or die" time for silver. Christopher Aaron explains to Silver Doctors why now is the time...We are in the window, where these markets must perform. Where the precious metals, and I would say especially silver, must perform.We are in a consolidation at this point. There is window of about 3 to 6 months ahead, where this market needs to start showing itself and t...Read More
--Eight mining companies are threatening legal action against the Congo government, claiming the country has ignored their concerns that its new mining code will raise royalties, the Financial Times reports. --The FT said it has seen a letter to President Joseph Kabila signed by the companies, including Glencore PLC, AngloGold Ashanti, China Molybdenum and Randgold Resources. Full story: on.ft.com...Read More
By David Hodari and Benjamin Parkin A lower U.S. dollar helped steady copper prices Wednesday despite concern over mounting trade tension between the U.S. and China. The copper market was lower for much of the session before ending slightly higher. The front-month June contract rose 0.3% to $3.0595 a pound at the Comex division of the New York Mercantile Exchange. "Copper is having a hard time...Read More
LIMA (Reuters) - Canadian miner Bear Creek Mining Corp will likely make a public offering for its Peruvian unit on the bourse in Lima to help finance its $550 million Corani silver project, the company's chief financial officer said on Wednesday.Bear Creek would also consider selling a stake in the Corani project in southern Peru to help pay for the project, said Paul Tweddle."Everything's on the...Read More
By David Hodari and Benjamin Parkin Mounting tension between the U.S. and China pressured copper prices on Wednesday, as traders bet that disruption to trade could endanger global growth. China consumes around half of the world's copper, making prices for the industrial metal highly sensitive to the perceived fortunes of its economy. Analysts say a trade war between Washington and Beijing could...Read More
By David Hodari LONDON--Copper prices slipped on Wednesday, falling along with Asian equities markets after the White House's decision to move forward with tariffs against China threatened to derail trade talks scheduled for this weekend. The price of copper was down 0.37% at $6,802 a metric ton in late morning trade. While it had reversed some of its earlier losses, the metal was still 1% down...Read More
--A group of mining companies including Randgold Resources Ltd., Glencore PLC and Ivanhoe Mines Ltd. have warned the government of the Congo that its new mining code will cost the country $3 billion over a decade, according to Bloomberg. --The mining companies said they intend "to protect their rights", according to a note that the companies sent to the Mines Ministry, Bloomberg reports. --Negotia...Read More
Craig says, "perhaps these COMEX silver "deliveries" are acting as the proverbial canary in the coal mine for COMEX market stress?". Here's why...by Craig Hemke via Sprott Money NewsWe've written about the COMEX silver "delivery" process multiple times in the past. However, with "deliveries" for the May18 contract surging to totals not seen since 2007, we thought it might be time to write about th...Read More
Peter KrauthAlthough gold headed mostly higher last week, it was a tale of two directions for silver prices…Silver first headed lower after a strong performance the week prior. But as the dollar extended its run higher, silver followed along, bouncing back with fervor.It reached levels it hadn't seen for three weeks, as the U.S.-North Korea summit appeared to collapse.Even more impressively,...Read More
"we might have a silver mini bull run here that could be just spectacular. And even if not, it'll go along with..."Louis James interviewed on Streetwise ReportsThe commodity supercycle could be on an upward curve, and among the commodities, the energy metals could see the most lift, fed by demand for alternative energy going mainstream among consumers, posits Lobo Tiggre of Louis James Ltd. and fo...Read More
(Reuters) - Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine.The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine in the border state of Chihuahua at leve...Read More