Latest Gold & Silver Price News

Indian Investors Keen to Buy Gold and Silver

Following growing interest from small investors in India, Indian Commodity Exchange, which started operations in late 2009, is to soon introduce micro volumes of gold and silver contracts of up to 1 kilo each, writes MineWeb‘s Shivom Seth in Mumbai. The Exchange is a screen-based on-line derivatives exchange for commodities. At the end of last year, it had recorded one of its highest volumes in physical delivery of bullion (gold and silver) on its platform. “With the spurt in the demand of gold and silver in recent times, commodity exchange trading in these precious metals has surged in India, which is arguably the world’s largest bullion market. Delivery as a percentage of average […]

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Gold Juniors Poised to Rebound

Economics and politics. Accretion and repletion. Mergers and acquisitions. Joe Mazumdar, senior mining analyst with Haywood Securities, sees all of these as catalysts for a rebound in the junior gold space in 2012. In this exclusive Gold Report interview, he reveals the names of companies he expects to take off. COMPANIES MENTIONED: BARRICK GOLD CORP. – CARPATHIAN GOLD INC. – GABRIEL RESOURCES LTD. – MIDAS GOLD CORP. – MIDWAY GOLD CORP. – NEWMONT MINING CORP. – ORVANA MINERALS CORP. – PRODIGY GOLD INC. – REVOLUTION RESOURCES CORP. – ROMARCO MINERALS INC. The Gold Report: What is the consensus among Haywood analysts on what 2012 will bring for mine commodities, particularly precious metals? Joe Mazumdar: Last year, risk aversion was a […]

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Local Top in Mining Stocks Might Be Just Around the Corner

Local Top in Mining Stocks Might Be Just Around the Corner

This December gold prices swooned by more than 10 per cent in their biggest monthly fall since the collapse of Lehman Brothers. For some insecure gold investors it was like a bad dream. They were happy to wake up to a bright, crisp January whose performance was more than enough to warm the heart of any gold investor. It was the metal’s strongest starting month in 32 years giving a resounding answer to those who wondered if the 11-year rally in gold had ended (and they always seem to come out of the woodwork every time gold experiences a correction.) Gold rose 11 percent in January, taking off like an […]

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David Morgan video: The great silver market myth

The silver expert who deserves a lot of respect for his insights & knowledge David Morgan, published this highly recommended video. In the video, Mr Morgan reveals a myth about silver : the global reserves and production of silver are much much smaller than most people think. So consequently, what would happen if everyone in the United States (as an example) would purchase just a little bit of physical silver ? That’s right, the price would skyrocket as demand would far outpace supply. So let’s do the exercise if 1/3d of the world population would buy a little bit of silver … yes indeed, it’s time that everyone on a […]

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Special interview with David Morgan & Chris Duane: $500 Silver & hyperinflation in the US

A very insightful interview with two specialists in silver: Chris Duane & David Morgan. You’ll hear why it’s quite realistic that silver will reach 500 dollar in the (near) future and how you have to look at silver in order to protect yourself. Courtesy to Chris Duane & David Morgan (www.silver-investor.com)  

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Corrective Action in Gold is Prelude to Bullish Explosion

With gold trading roughly $35 lower, silver down nearly $1, today King World News interviewed James Turk out of Spain. Turk told King World News that this corrective action in gold and silver is healthy and a prelude to a major bullish move to the upside. Here is what Turk had to say about money on the sidelines and where gold and silver are headed: “Sooner or later that money is going to realize the train is pulling away from the station. Whether this money comes in next week or the week after, I do very much like this trading action. I’m very bullish here short-term on gold and silver, […]

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Gold Silver ratio screams buy silver

Dominique de Kevelioc de Bailleul: If ever a chart signaled a time to buy, it’s the silver chart. Breakouts are everywhere, with the big one at $37 still ahead of us. Then there’s nothing between that price and $50. But it may get much better, of course. Silver investors are already aware of the explosive moves in the metal. The chart (gold:silver ratio), below, serves as a visual reminder of how wild the runs can get when compared with the more tame precious metal cousin, gold. Read full article on ETF Daily News

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Junior Gold Producers 2

Junior Gold Producers 2

It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels.  In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high.  The latest exploration-and-development cycle is finally starting to bear fruit! This fruit has been hard-earned though, as the miners have had to reverse the course of a brutal production decline that bottomed out in 2008.  Incredibly global gold production had fallen nearly 13% in five years from 2003’s high, to a level not seen since the mid-1990s.  And needless to say that painted quite an alarming fundamental picture considering demand was on the […]

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Bernanke determined to protect US economy

Bullish US retail sales figures for January and “hours worked” stats for the last quarter encouraged further gains in stocks commodities yesterday. The $82bn Glencore/Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment, with many no doubt hoping that this is indicates it’s “business as usual” at the financial markets. Precious metals continue to benefit from the move away from the perceived “safety” of the US dollar, with the gold price breaking above resistance at $1,750 and silver temporarily moving above $34. Not coincidentally, the rise in gold and silver yesterday coincided with a press conference given by Federal Reserve Chairman Ben Bernanke, who once again […]

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Gold Bulls unable to break through resistance

Gold Bulls unable to break through resistance

Today’s payrolls number, something which I might add is more akin to an Alice in Wonderland creation, was the factor responsible for the selling in both gold and in silver. The thinking was that if the economy is gathering steam at such a fast clip as the numbers suggest, then any notion of additional QE3 is a pipe dream. That means no Dollar debasement and little to fear on the inflation front so out came the sellers in the gold market. It also did not help the bullish cause that the market failed at a critical technical resistance level. Between the two developments, longs who have had a nice run […]

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Bernanke Lends Support to Gold Prices but strong US jobs data sees Gold slip from 11 Wk High

Dollar Gold Prices fell back below $1750 per ounce while stock markets jumped higher immediately following the release of better-than-expected US jobs data on Friday. The Bureau of Labor Statistics nonfarm payrolls report, published on Friday, shows that the US added a net 243,000 nonagricultural private sector jobs last month. In addition, both November and December’s nonfarm figures were revised upwards. The unemployment rate fell to 8.3%, down from 8.5% the previous month. Silver Prices also fell following the nonfarm announcement, while the US Dollar saw an immediate gain against major currencies such as the Pound, Euro and Yen. Earlier on Friday Dollar Gold Prices hit their highest level in 11 weeks at $1762 per […]

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Global Gold Production Stuck in Sluggish Mode

Global Gold Production Stuck in Sluggish Mode

RECENTLY PUBLISHED data from the US Geological Survey show that global Gold Bullion production, after falling every year between 2001 and 2008, finally rose for the past three years, writes Gregor Macdonald. In 2011, production reached 2,700 metric tons. However, in a larger context, the past decade has been quite a poor one for the production of Gold Bullion. The compound annual growth (CAGR) rate has fallen well below the average of the past 110 years. The high cost of marginal supply and the poor production performance of the large cap gold miners fits in nicely to the theme. It also mirrors the experience of “Big Oil” the past decade, […]

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Euro Gold comments

Euro Gold comments

Once again, as has been the recent pattern in the gold market, gold priced in terms of the Euro, or “EuroGold”, is putting in a very strong showing in today’s trading session. If you note on the weekly chart, it has moved to within about 32 euros of its former all time high in price. Many traders/investors may be dismissing European Sovereign debt issues, but the gold market certainly has one eye on it.I want to see how this market acts now that we are moving into these regions as this will be a decent barometer of sentiment towards the woes surrounding Europe. Any further escalation of issues associated with […]

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Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

Silver Price forecast and the shift to measuring wealth in Gold Ounces instead of Dollars

The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods. You then have a number of people believing they have wealth, since they have claims (pieces of paper or tokens) showing that they have these real assets, whereas, in reality, if everyone was to claim the real goods, there would not be enough to go around. The high debt levels, in some way, represent the extent to which there are more claims than the actual underlying real assets. During the period of credit extension – that has been for at least 80 years – most […]

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