Latest Gold & Silver Price News

Ted Butler: Stepping Up to the Plate

Ted Butler: Stepping Up to the Plate

Following last Wednesday’s article suggesting that silver mining companies write to the CFTC (which I did make public at the urging of subscribers), one mining company (befitting of its name) became the first to do so. The CEO of First Majestic Silver Corp, Keith Neumeyer, became the first miner to write to the CFTC concerning the massive historic one-week repositioning of speculative positions on the COMEX that far exceeded anything occurring in the real world of silver production or consumption. While I hope additional mining companies take the matter up with the agency, Neumeyer not only did the right thing, he set a precedent that, to my knowledge, had not previously occurred in the 30 years that I have closely followed the silver market and, most likely, long before that.

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Gold Bashers – Just For You!

Gold Bashers – Just For You!

There is no shortage of negative commentary on gold and silver. A quick google search will produce headlines which make that point. Not all objections and criticisms of gold are intellectually honest – they slant the narrative to support their bias in favor of the status quo, stocks, bonds, and central bank issued currencies, such as Federal Reserve Notes. The dishonesty is understandable since gold is often viewed as an anti-dollar and gold prices sometimes function as a check on the excessive debt creation.

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Extreme Flows in Several Gold Funds

Extreme Flows in Several Gold Funds

Looking through the final figures for fund flows among the most active ETFs for May, a few things stick out.

The most notable is the abandonment of gold-related funds. The GLD fund suffered outflows, as did the gold miners, GDX and GDXJ. With more than $1.5 billion leaving those funds over the past 20 days at the end of May, the outflow was one of the
largest in the past five years.

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Gold’s $817 Target By No Means A Done Deal

Gold’s $817 Target By No Means A Done Deal

I’ve been using an $817 target for Comex Gold since September 2013. If the futures were to fall to that price, it would represent a 32% decline from current levels of around $1193 and a 57% decline from the all-time high of $1920 achieved in September 2011. A fall to $817 is by no means a done deal, however.

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Metals Complex: Every Which Way but Up

Metals Complex: Every Which Way but Up

Gold is unresolved but weak. Silver looks neutral. Aluminum is poised to reverse the base. Copper is retreating from major resistance. Platinum poised to break down. Palladium is neutral.

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Global Gold Markets get a boost from the current Greek Financial Crisis

Global Gold Markets get a boost from the current Greek Financial Crisis

Last week, the global gold market was rather subdued as the upward momentum in prices ran out of steam hitting resistance at around $1220 an ounce. Despite a mild rally on Friday, gold prices fell for the second week in a row. The price of the yellow metal edged up on Friday from the previous day’s 2-1/2-week low, supported by a slightly weaker dollar and uncertainty over Greece’s debt talks. On-going concerns over a potential Greek debt default weighed on the global financial and gold markets last week as G7 leaders scrambled to try to come up with an 11th hour bailout package.

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Gold And Silver Charts For June 2015

| June 1, 2015 | Category: Price
Gold And Silver Charts For June 2015

The pushing on a string theme is really prevalent throughout the gold/silver charts. There is nothing that indicates a shift from the down trend to one that can and will go higher. Almost everyone’s expectations are for gold and silver to move dramatically higher. The charts do not support that collective opinion, at least not at this time.

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7 Things to Consider When Buying Precious Metals

7 Things to Consider When Buying Precious Metals

Diversifying your wealth into precious metals is one of the most important financial decisions you can make. It’s also important to carefully consider what types of precious metals to own amidst the array of options.
What follows are seven key criteria for deciding what to buy.

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The War on Cash – Excellent Speech

The War on Cash – Excellent Speech

The War on Cash is real, and it will intensify. Here to explain is Dr. Joe Salerno, who spoke on the subject at the recent Mises Circle event in Stamford, Connecticut.

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Weekly Gold Market Review – May 29th

Weekly Gold Market Review – May 29th

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,190.55 down $15.65 per ounce (-1.30%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 1.34%. The U.S. Trade-Weighted Dollar Index gained 0.90% for the week.

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Addicted To Debt, Deficit Spending, and QE

Addicted To Debt, Deficit Spending, and QE

Central banks and governments created this addiction – addicted to debt, deficit spending, and Quantitative Easing. Consider the upcoming pain for most people, governments, markets, and pension plans if the drug is removed and we suffer the withdrawal symptoms.

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Gold Holding Make-or-Break Level at 1180, So Far

| May 28, 2015 | Category: Price
Gold Holding Make-or-Break Level at 1180, So Far

Gold remains broadly rangebound around the 1200 level. Last week, we highlighted the two fundamental drivers of gold and evaluated the odds of a breakout, and while the bearish impact of the strong dollar pushed the yellow metal sharply lower over the last few days, the two-month consolidation zone from 1180 up to 1225 continues to hold. The RSI indicator is testing its corresponding support level at 40, not yet raising any concerns of a imminent breakdown in price itself.

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How Silver Miners Should Help Solve Silver Price Manipulation

How Silver Miners Should Help Solve Silver Price Manipulation

It is only when you compare what just occurred in COMEX silver to other commodities does the extent of the manipulation come through. I’d use the words preposterous and absurd to describe the situation, but the COT report is factual and as real as rain. Instead, what is preposterous and absurd is for anyone to pretend that what is going on in silver is somehow normal. This is particularly true for silver investors and mining companies and their shareholders which are being held hostage to the most defective price discovery process in history.

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Bullish Gold Trade Off to a Perfect Start

| May 28, 2015 | Category: Trading
Bullish Gold Trade Off to a Perfect Start

The 1183.40 downside target given here yesterday allowed subscribers to get long four ticks off the intraday low. Since I received reports of actual fills in the chat room, I’m establishing a tracking position: long two contracts with a cost basis of 1180.90.

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