• Gold: 1,282.18 -1.58
  • Silver: 14.55 -0.04
  • Euro: 1.118 0.001
  • USDX: 97.813 -0.043
  • Oil: 58.65 0.41

Precious Metals Update Video: Silver pointing to $14.55 support

Precious metals technical video update

Precious Metals Update Video: Silver oversold down into a support area

Silver oversold down into a support area - video update.

Kootenay Reports Sampling Results and Discovery of New Vein at High-grade Copalito Silver-gold Project, Mexico

Kootenay Silver Inc. (TSXV: KTN) (the “Company” or “Kootenay”) is pleased to announce sampling results from the Company’s most recent mapping and surface sampling program (the “Program”) conducted on outcropping veins at the Copalito Project (“Copalito” or “Property”) located in the State of Sinaloa, Mexico. Kootenay President and CEO James McDonald stated. “This is one of two projects we acquired over the last year with the potential for the discovery of high-grade vein hosted deposits. Vein widths, strike extents and grades encountered to date along with lack of any previous drilling indicate excellent potential for resource discovery. We will continue to advance Copalito to the drill stage while at the same time preparing for the first drill program on the Columba silver project the second of the two new projects.”

Behind Closed Doors

A fog lifted from the silver market last week and we could see things clearly that we had only guessed at. A former commissioner of the Commodity Futures Trading Commission (CFTC), Bart Chilton, sat for an interview with blogger Chris Marcus to discuss silver market shenanigans. Mr. Chilton was a commissioner from 2007 to 2014. The interview got interesting when he began to discuss the failure of Bear Stearns in 2008. They held a large short position in silver along with JPMorgan who took over Bear Stearns’ short position at the time.

Get on the Ira Silver Train

For more modest IRAs you may want to consider Gold Star Trust. Simply set up an account on line and then roll over some or all of your funds into the new account. Gold Start Trust was formerly American Church Trust and specialized in Church bonds. I have been associated with them for almost 20 years. After you account is funded simply call your favorite precious metals dealer (yours truly for one) and you can purchase precious metals for your IRA. The metals have to be held in a 3rd party depository which is where Gold Star Trust comes into play. Your metals dealer ships the precious metals to Gold Star and they pay directly from your IRA account. There are a few restrictions on allowed metals but most popular forms of precious metals are allowed in the IRA. Storage costs are reasonable.

Precious Metals Update Video: Silver oversold, trend is down

Silver oversold, trend is down.

Precious Metals Update Video: Silver in a downtrend but..

Precious Metals Update Video: Silver in a downtrend (video update)

Precious Metals Update Video: Silver hits lower bollinger band support

Precious Metals Update Video: Silver hits lower bollinger band support, important support area and oversold.

Precious Metals Update Video: Silver has not yet turned that corner..

Silver has not yet turned that corner (video technical update)

Precious Metals Update Video: Silver remains above its 18-DMA

Silver market is similar to gold - lower highs and lower lows. For two weeks in a row, silver above its 18-DMA. (video update).

Precious Metals Update Video: Gold-Silver ratio is starting to favor silver

Precious Metals Update Video: Gold is not overbought. Silver - lower lows, lower highs.

Silver Demand in India Set for 4-Year High on Farm Cash Payout

Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the general election, according to Metals Focus Ltd.

Precious Metals Video Update: All eyes on FOMC today

FOMC today - Fed dot plot will be a focus. Silver and gold stocks need to be careful here, can turn bearish.. Copper options at an all-time record:

Technical Scoop: March-17-2019 -- Silver

As we noted, silver slipped a small 0.2% this past week. Silver appears to be in a nice bull channel. We will see if it can hold that channel even as gold might move lower. A breakdown under $15 would change that scenario and silver could fall to the $14.60 range. Technically, it made what could be seen as a double top at $16.20 and $16.19. If so, the breakdown under $15.44 suggested the potential to fall to $14.45. Currently the low is $14.98, but if that goes then $14.45 becomes a possibility. Only new highs would break this mildly bearish scenario. However, in the interim silver should follow gold higher, at least for the short term. New highs above $15.55 could suggest a move towards $16 once again but a more likely target zone is between $15.70 and $15.80.

Palladium Pandemonium May Portend a Silver Mania Ahead

Unlike platinum and palladium, silver has a long history of use as money. Even though silver is no longer minted into coins meant for circulation, it is still sought after by investors in coins and other forms for wealth preservation, inflation protection, and possible future use in barter or trade. Like platinum, silver looks extremely cheap when measured against palladium. Over the past three years while palladium has tripled in price, platinum has actually lost a few dollars. Silver is essentially unchanged over that period. Silver is so cheap at under $15.50/oz. that even if it goes on to follow in palladium’s footsteps and triples in value, it will still sit below its former all-time high of $49.50/oz.! What other asset class offers the opportunity to triple your money as a warm-up before prices break to new highs? Not stocks. Not bonds. Not real estate.

Kootenay Reports Positive Metallurgical Results from Cervantes Gold Project, Sonora, Mexico - under Option to Aztec Minerals

The Cervantes Property is held under an earn-in option to agreement whereby Aztec Minerals can acquire up to 100% interest in the property in two stages, with Kootenay retaining a 2.5 % NSR and receiving a payment of US$5.00 per ounce or gold equivalent based on a NI 43-101 Resource Estimate. See Kootenay news release dated October 13, 2015.

Bolivia Proving its Metal with New Pacific (TSX-V: NUAG) Drill Results and Partnership; A Frontier Opportunity for Investors and a Nation

The company has a cash position of $35,212,000 CAD, no debt, and has planned a further 55,000 meters of drilling to complete on the Silver Sand property. If the last batch results indicate anything, there is more good news to come. Despite its past, Bolivia presents significant opportunities for discovery and investors that have deep industry experience. The world is watching and Silver Sand could be Bolivia’s next silver mine. New Pacific Metals Corp. trades on the TSX Venture Exchange under the symbol “NUAG” and “NUPMF” in the U.S on the OTC market.

Silver, not gold, is the portfolio insurance to buy now

"Precious metals resemble insurance. We pay premiums before disaster strikes, hoping that we won’t need to make a claim. A small investment in silver and gold, less than 5% of a portfolio, serves the same purpose. We should buy insurance when the premiums are low and keep the coverage. Just let the protection sit there so you can sleep well at night. The ageless storehouses of gold and silver work when nothing else does, like during the Great Recession. Both precious metals are excellent investments to hedge against unforeseen risks. Silver makes sense because it is cheaper, rises faster than gold when disaster strikes, and is easily divisible into small coins, just in case you need to buy a loaf of bread or an iPhone and paper currency doesn’t work. Gold also belongs in a portfolio, because a small amount goes a long way in settling obligations. But right now silver is a much better bargain. It has declined by more than 65% from its 2011 peak while gold is off by about 30%. Portfolio insurance is cheap today. If you own silver, hold on. If not, buy it."

Assay Results 'Give a Sense of the Tremendous Scope' of Bolivia Project

We are barely into the third month of the year, but New Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX) has been moving nonstop, announcing major land expansion news and off-the-charts drill results. In January, the company announced a major land expansion of its Silver Sand project in Bolivia though an agreement with Corporación Minera de Bolivia (COMIBOL) granting New Pacific the right to carry out exploration, mining and production on lands adjoining Silver Sand. The Mining Production Contract (MPC) is for a total of 56.9 square kilometers, a many-fold increase from the original 3 square kilometer Silver Sand land package.

Trade the Gold to Silver Ratio

Buy gold for insurance against fiscal and monetary predations of central bankers, commercial banking and government. Yes – certainly! Buy silver for insurance, profit and beautiful coins. Yes! Buy both to own real money that has no counter-party risk.

New Pacific Reports High Recovery of Silver Achieved for Sulphides and Transitional Mineralized Materials from Silver Sand, Bolivia

VANCOUVER, British Columbia – February 7, 2019 – New Pacific Metals Corp. (TSX-V:NUAG) (OTCQX:NUPMF) (the “Company”) is pleased to announce the preliminary results of the first metallurgical test work for its Silver Sand project in Potosi, Bolivia. Metallurgical sampling and test work commenced in September 2018 – the flotation recovery and bottle roll leaching test works for the transition and sulphide mineralized materials have been completed and test work on the oxides is under way. All tests, including column leaching test works, are expected to be completed by the end of April 2019. Positive recovery results have been achieved in the extraction of silver by the processes of flotation and direct cyanidation from the initial metallurgical test work.

Congressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where DOJ Did

A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes:

New EW Silver Discovery

The Silver Reverse Bubble of 2012

In late 2008, when silver was massacred in the futures pit and saw its price fall from over $20 to under $10, I told my readers at that time that silver entered into a “reverse bubble”. I know it sounds odd, but let me re-visit the concept.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

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Silver Market Update

Is silver becoming a bearmarket, or is a bottom pattern completing that will lead to a major new uptrend soon? That is the big conundrum facing investors and speculators in the sector and in this update it will become apparent that the situation must resolve itself with a decisive move soon, one way or the other.

Will Silver and Platinum Outperform Gold in the Near Future?

Summing up, the long-term picture in the USD market continues to appear a bit more bearish than not and the implications for the precious metals are generally positive. The silver-to-gold ratio chart suggests that silver is likely to outperform gold in the months to come, yet it should be kept in mind that this may require some time to happen. Additional short-term volatility has been seen in the platinum market, but this is not unusual.

New EW Silver Discovery

Extorre Reacts to Current Market Conditions and Announces Further High Grade Drilling Results at Cerro Moro

"One drill rig remains on the infill drilling program on our principal prospects, namely Zoe, Escondida, Loma Escondida and Gabriela. Our aim is to ensure that the drilling density is sufficient in areas that would fall within the first two years of a potential mining scenario (at 1300 tonnes per day) to estimate "indicated mineral resources". This program is nearing completion, with the drilling at Zoe, Loma Escondida and Gabriela essentially complete."

Target 2 reached in Silver (Copper target reached)

The second target for the bearish "Head and Shoulders" pattern on silver was reached for greater than $25,000 per contract. The target was using "Measured Rule", which takes the distance from the top of the head to the neckline, and adding it onto the breakdown point.

Silver Market Morning

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Under ATTACK

Do we want the TRUTH or LIES? Gold was ATTACKED by the Cartel today to prevent it from repeating last month’s violation of its “Rule #1” – i.e., “Thou shalt not let PMs soar when the Dow plunges.” Last month, they temporarily lost control when gold had a rare 4% surge with the Dow down 274 points, directly after a similarly horrible NFP report.

A Momentous Day

A momentous day, as the Spanish and Italian stock and bond markets are literally CRASHING. On the day the “Spanish Bank Bailout” was “approved” by the EU – Spanish 10-year yields have EXPLODED to 7.3%, and the IBEX stock index fell a whopping 5.7%. Of course, the “bailout” requires constitution of the ESM, which has not yet been ratified or funded, and won’t be for some time – if at all. Throw in the bankruptcy of Valencia – one of Spain’s largest “autonomous regions” – and you can see why few believe a bailout will ever be received, or that it will MATTER even if it does.

March Silver in Backwardation

Silver Market Morning

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

Managed money positions hint at bullish turns for gold and silver

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

The Silver Megathrust

Between 1970 and 1979, the silver price was increasing steadily from $1.50 to $6, before taking off in September 1979 from $10 to $50 within 5 months. During that bull cycle, demand for silver did not increase but actually declined (sharply in 1979). It was as late as 1983 when demand increased confidently from 12,000 to 27,000 tons per year until 2000 – yet the silver price was in a 20 year bear market during that time. In 2003, when silver started its new bull market, the demand actually dropped to 23,000 tons until 2005 – during which 2 years silver almost doubled from $4.50 to $8. Since 2005, demand is rising stronger than ever, having reached 33,000 tons in 2010, whereas the silver price is rising strongly as well.

What a surprise: FT says CFTC to drop silver investigation

But such an outcome would be completely consistent with a finding that the really big player in the silver market is not JPMorgan at all but the U.S. government acting through intermediary brokerage houses. After all, as he signed the legislation demonetizing silver in 1965, President Lyndon B. Johnson pledged that the U.S. government would rig the silver market if necessary to prevent the price from rising...

Silver Market Update

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular. This is because it did not precipitate an immediate worsening of the acute crisis in Europe, and thus did not create the pressure needed to bring forward the major QE that must eventually come in order to delay Europe's eventual complete collapse. Why then have markets not caved in already? - because investors are "smoking the hopium pipe" and waiting for the Fed to pull a rabbit out of the hat at Wednesday's FOMC meeting, by making positive noises to the effect that QE3 is ready to be rolled out. What is likely to happen instead is that they will come out with the same old line about "being ready to act when the SHTF" but other than that remain vague and non-commital. If this is what they do then markets are likely to throw a tantrum and sell off, and the charts are indicating that it could be hard.

Silver, Gold and The Coming Deflation

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

David Morgan: Seems the bottom for (gold & silver) mining equities is in...

I was recently interview by Jim Puplava and stated what we have been sending to our members. It seems the bottom for mining equities is in and may be tested one more time. The precious metals themselves also could be in a bottom formation currently, but the $26 level on silver and the $1550 level on gold MUST hold. David Morgan www.Silver-Investor.com

The Noose Is Tightening

The noose is tightening on the Powers that Be, as all attempts at MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA are failing. The GLOBAL economy – and BANKING SYSTEM – is failing, as have been the result of ALL fiat currency systems throughout history. And given that this is the ONLY time EVER when ALL global currencies are fiat –amidst a global population of seven billion people - the crash will dwarf all others in history.