Tag Archives: silver

Silver Takes Out $46, $47; How and Where to Buy Physical Silver and Gold

More gains in just a few days. Silver’s up 10% in a week. Numbers are for Friday’s close. Another sign of the metals rush – I’m getting emails and Facebook messages from friends asking me about buying silver and gold. … Continue reading

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Gold Takes Out $1500; Silver Takes Out $44, $45

Silver returns surpass Apple Computer returns. Reminder: Gold and Silver Option Expiration for May Is Next Tuesday – Don’t get spooked by a dip between now and then. Rumor: China To Revalue Yuan 10% This Weekend? – Something else that … Continue reading

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This Could Explain the Massive Silver Run-up in the Last Two Weeks

Washington Post – Obama administration officials tried to keep S&P rating at ‘stable’: The Obama administration privately urged Standard & Poor’s in recent weeks not to lower its outlook on the United States – a suggestion the ratings agency ignored … Continue reading

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Too Much Debt

Zero Hedge – The Breakdown Draws Near: There are two entirely, completely, utterly different narratives at play here. One of them is that the economy is recovering, policies are working, and the vaunted consumer is either back in the game … Continue reading

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New Gold and Silver Records; Silver Takes Out $42, $43

Gold closed the week at $1486.40 and hit all-time nominal highs. Silver hit new nominal highs compared to 1980. The consensus seems to be that silver will hit $50 this year, possibly as early as this summer. Previously -Gold hits … Continue reading

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Gold hits record; Silver takes out $38, $39, $40, $41

It was a good week for precious metals. This week gold hit at an all-time nominal high of $1476.20. Silver opened Monday below $38 and closed Friday at $40.97. In between it touched $41.03. That’s the highest silver price since … Continue reading

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Printing money to pay for unsustainable spending is bad, mkay?

Business Insider – 10 Hyperinflation Horror Stories Of The 20th Century: Yugoslavia (1989 – 1994) – “At its worst the bank was printing dinars denominations as high as 500 billion.” China (1948 – 1949) – “China’s Yuan Dynasty funded its … Continue reading

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Silver, Y’all (and why I don’t own the GLD and SLV ETFs)

If you’re curious about silver as in investment, watch this Eric Sprott video. I agree with pretty much everything he says, including not worrying too much about diversification. I’m positive that silver and gold are going up, based on the … Continue reading

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Gold and Silver, Y’all

Silver finally pushed through $31 last week. This morning silver is at $33.46. In other news, gold breached $1,400. It’s hard to know how much you read is real and how much is smack, but it looks like the silver … Continue reading

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Gold and Silver, Y’all

Silver Closes Well Above $30 As The Dip Is Now Fully Bought It looks like the much maligned correction in silver is over. After surging nearly 3% on the day, silver is now back above the 20, 50 and 100 … Continue reading

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Silver entering backwardation, getting ready to take off

Silver Breaks Its Golden Shackles: The stunning revelation from the data analysis was that if on any day I knew what the price of gold was I would be able to calculate the silver price from the equation of the … Continue reading

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More signs of tight supply in physical precious metals

Econ 101: What happens when prices are artificially low? The demand overwhelms the supply, leading to tight supply. Zero Hedge – Gold Bar Premiums At 17-Year High In Hong Kong King World News – All 100 Ounce Silver Bars Will … Continue reading

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Another reason for the silver and gold dip resolved

Why Gold and Silver have declined: The Thompson Reuters CRB index weighting has not changed since 2005.  However, virtually all other commodities related indexes do rebalance in early Jan of every year.  For instance the $CCI consists of 17 commodity … Continue reading

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“Gold has not been this oversold since August of 2010″

Says Jesse, who adds “While no means certain, the four legs of this bull breakout can carry silver to $37.50 and perhaps a spike to $40 IF there is no liquidation selloff.” Silver is around $27.50 right now. Gold and … Continue reading

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U.S. Mint Silver Sales for January at 26 Year High Even Though January Isn’t Over

US Mint Reports January Silver Sales Hit 26 Year High But remember that you can’t eat gold or silver. But presumably you can eat Apple stock, Treasuries, and municipal bonds. Bon apetit!

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Physical Silver Sales Through the Roof, but Silver Prices Down

There are plenty of stories about shortages of physical silver: US Mint Reports Unprecedented Buying Spree Of Physical Silver Sprott Physical Silver Trust Updates Investors on the Delivery Status of its Silver Bullion Purchases Massive Silver Withdrawals From The Comex … Continue reading

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Another day, another record gold close at $1,427, silver above $30

Good times. That was yesterday. Fingers crossed for today. Previously – Gold above $1,400, Silver above $29

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JP Morgan Silver Manipulation Explained

by cartoon characters: A mix of facts and speculation, but entertaining. They’re right about J.P. Morgan being the custodian for the SLV ETF while simultaneously shorting hell out of silver. Avoid the GLD and SLV ETFs. Physical is best. If … Continue reading

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Gold above $1,400, Silver above $29

Steady progress up. Here’s a wild thought: what if the Wikileaks story about a major U.S. bank involves price suppression of gold and silver? I can’t think of a more welcome development, in the context of the public interest, than … Continue reading

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Gold margins raised, silver margins raised twice in one week

CME Raises Gold Futures Margins By 6%, Hikes Silver Margins For Second Time In Under A Week If at first you don’t succeed at killing the higher beta stock short hedge, try again. The CME has just raised its margin … Continue reading

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