Gold prices have chopped higher since bottoming in December 2015. The move has not been as exciting as precious metals bulls would like but its followed a trend of higher lows nonetheless.During the same time frame, Gold has tested the $1360 - $1375 price level on multiple occasions - see resistance line at (1). This action has created a compression pattern that is creating pressure to the upsi...Read More
Some companies claim they're making bank selling $16 silver all day long, but Steve St. Angelo dives into the details to reveal quite a different reality...by Steve St Angelo of SRSrocco ReportJust two mines supply the United States with half of its silver production, and both are located in Alaska. It's quite amazing that Alaska now produces half of the silver for the U.S. when only 30 years ag...Read More
With open interest nearly at all-time highs, yet with silver in the low 16's, Bill says we're set up for an explosive move like nobody's ever seen before...Bill Murphy interviewed on Kennedy FinancialBill Murphy is back to discuss the latest action going on in the gold & silver markets.Bill says that there is something going on in the silver market that just isn't right, and because of the latest...Read More
Shares of manufacturing and transportation companies rose after an initial plunge as traders bet trade tensions with China wouldn't significantly change the course of economic growth. "One of the things that seemed to turn things around in terms of today's trading activity [was] when [Cleveland Federal Reserve President] Loretta Mester spoke," said Oliver Pursche, chief market strategist at broker...Read More
SD Midweek: There's wild swings in many markets, and the week has so far been hard fought, but gold & silver have the upper hand. Here's an update...On Monday I said every inch on the charts would be hard fought this week.Check out the gold to silver ratio:Wow those gyrations.We've gone from over 83 to 79 and back up to above 82.I would like to clarify my "hard fought" statement like this:The acti...Read More
Silver may have to wait for gold to sort itself out, but looking for much downside in silver may be disappointed. Here's why...by Clive Maund of Streetwise ReportsWe've certainly got plenty to look at in coming days, but perhaps a good place to start is with a review of some of the latest COTs, because of their implications for the immediate future. The following charts make very clear why those i...Read More
Peter KrauthSince my last update, the price of silver has given back most of the gains from the previous week. In fact, the price of silver actually finished the month of March in the red. After topping out at $16.50 on March 27, the precious metal dipped below $16.30 just two days later.But there is a bright spot in this recent movement for precious metal investors.Despite moving in a narrow rang...Read More
"With silver-stock sentiment remaining excessively bearish, this sector is primed to soar as silver itself resumes mean reverting higher to catch up..."by Adam Hamilton of Zeal LLCThe silver miners' stocks have really languished since mid-2016, relentlessly grinding sideways to lower. With gold out of favor, silver and its miners have largely been left for dead and forgotten. This sector is de...Read More
SRSrocco says "falling mine supply of silver when investors around the world wake up to the tremendous STORE OF WEALTH properties of the..."by Steve St Angelo of SRSrocco ReportSilver mine supply from the world's fourth-largest silver producer fell significantly at the beginning of 2018. According to Chile's Ministry of Mines, domestic silver production in January declined 20% versus the same mo...Read More
"it provides clear evidence that the silver market is now getting at an extreme level looking for a reversal...." Here's why...by Steve St. Angelo of SRSrocco ReportWhile silver investment demand is totally off the radar, certain indicators, including the Gold-Silver ratio, suggest that interest in the poor man's gold will likely increase significantly over the next few years. The rising interes...Read More
"we have an inflection point which will result in the dollar falling fast and gold and silver surging." Here's the details...by Egon von Greyerz of GoldSwitzerlandIs this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which is rotten to the core, a world which is built on debt which will never be repaid. And a debt which is artific...Read More
By Oliver GriffinGlencore PLC (GLEN.LN) said on Thursday that it raised $9.09 billion to refinance its short-term revolving credit facilities, effective from May 24. The Anglo-Swiss miner and commodities trader said that facilities were initially launched at $6 billion but were significantly oversubscribed, raising $9.70 billion, and added that the stronger commodity price environment is what all...Read More
"they will probably throw in a few more shorts just to take price below $16.10 so the commenter's can relish in telling me how wrong I am"by Marshall Swing of The Church Of ActsThe most famous (and infamous) CALL(s) in all precious metal's history do not belong to a Jamie Dimon, Blythe Masters, Jay Gould, Jim Sinclair, Jim Rogers, or an Eric Sprott...Those folks are infamous, and famous, for 3 bad...Read More
Is silver going lower for longer or headed higher? Here's a look at both sides of the debate...by Gary Christenson via SilverSeekSILVER PRICES OPTIMIST:DEMAND: Silver demand increases every year and will push prices higher. Our modern world depends upon electronics, computers, missiles, fighter jets, cruise missiles, technology, communication devices and more. Each new application adds to silve...Read More
--Rio Tinto is not being investigated as part of a bribery probe into Mongolia's Oyu Tolgoi copper and gold project launched by Swiss prosecutors, the Financial Times reports. --Rio controls the Oyu Tolgoi project through its Canada-listed Turquoise Hill subsidiary, says the FT. Full story:https://on.ft.com/2pJzmhM Write to Barcelona editors at [email protected] Read More
Craig Hemke compares the 2011 run-up in silver with the bullish set-up found in silver today. Here's what he found...by Craig Hemke via SilverSeekThere has been a lot of talk lately about the bullish internals of COMEX silver, and rightfully so! The size of the Speculator net short position is the largest in two decades, and this is a decidedly bullish indicator.Since all of this data comes from t...Read More
By Oliver GriffinShares in Rio Tinto PLC rose on Tuesday after the company said that it has sold its entire stake in the Kestrel coal mine in Queensland, Australia, for $2.25 billion. The dual-listed mining company said it sold all of its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy. In 2017 the Kestrel min...Read More
Bob Moriarty says that while the "experts' have been wrong on silver for so long, his readers are making bank. Here's more...by Bob Moriarty via Streetwise ReportsI wrote about Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT) back in November. The stock was unloved and hovering at $0.11 a share. I suggested potential investors watch for news releases because the company has totally changed d...Read More
Peter KrauthWith the U.S. Federal Reserve's rate hike now behind us, the price of silver could well be embarking on a fresh rally.In fact, the precious metal is starting to act well in the face of both market weakness and market strength.The U.S. dollar has tried multiple times since mid-February to push higher, but each attempt was fruitless.Plus, silver stocks are also starting to look like they...Read More
"The silver market is right now absolutely primed for a massive move to the upside" Here's why...by Michael Ballanger of Streetwise ReportWould it be that a picture is worth a thousand words? In the case of the graphics posted below, in a word, yes!Look at the positioning of the mighty Commercial Traders, who rarely lose money and who operate under the blinded eye of regulatory oversight and go...Read More