Silver Mining News

Gold and Silver's Daily Review for 14th July 2010

"Asia held the gold price at its recent high of $1,214, before London opened.   London's first Fix was at $1,212.25.   Three of the five banks were buyers and one neutral leaving only one seller at […]

JPMorgan et al Show Up at the London P.M. Gold Fix Again

Gold's high of the day [around $1,213 spot] was moments after Far East trading began on Monday morning… which was shortly after 6:00 p.m. in New York on Sunday night.  The price was down about $10 by […]

Silver's Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!

www.FinancialArticleSummariesToday.com Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 […]

Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!

Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per […]

Bear Market Bounce

www.preciousmetalstockreview.com July 12, 2010 Equity markets throughout most of the world rebounded very nicely this past week retracing roughly half the past two weeks of declines.  This is how bear markets work, they take two […]

The Fed and the IMF say:

Gold pretty much traded sideways during the Far East session… with the gold's low of the day… such as it was… occurring shortly before 10:00 a.m. Hong Kong time on Friday morning… which translates into […]

Double Silver Tops

This essay is based on the Premium Update posted on July 9th, 2010 You read a lot recently about "double dip" and it does not refer to two scoops of ice cream, or to the Jerry […]

Gold and Silver's Daily Review for 9th July 2010

"Gold started the day in Asia stronger, recovering back to the $1,200 level, but not pushing though it.   Just before New York opened it Fixed at $1,208.75 where it now stands in New York at […]

China Won't Dump U.S. Treasuries or Pile Into Gold

Unbeknownst to me at the time I sent in yesterday's commentary, the low at the Hong Kong close at 5:30 a.m. Eastern time on Wednesday morning proved to be gold's low price of the day.  That time […]

Gold and Silver's Daily Review for 8th July 2010

"The Gold Fix in London this morning was $1,201.25 after closing in New York around $1,204.   London tended to slip during the day. The B.I.S. holds around 482 tonnes of gold as of April.   This […]

Gold and Silver – There's bad news and good news!

"The future ain't what it used to be" -Yogi Berra- Judging by several E-mails I've received from anxious readers of my articles during the past few days, some of you are wondering if you should […]

The recent drop in silver prices was due mainly to the manipulative tactics of the US bullion banks.

As can be seen by the price action of silver in the last week, prices of this metal can be very volatile. But, this is the nature of silver. And, this is one reason why […]

European Banks Use Gold Reserves to Raise Cash

The gold price was pretty choppy in Far East trading.  It's impossible to read anything into the this sort of price action as volume was very low.  It was interesting to see that gold's high price […]

Gold and Silver's Daily Review for 7th July 2010

"The Gold Fix in London this morning was $1,186.00 after a quiet Asia looking at a weaker technical picture for gold than seen for a while.   With huge support around these levels the gold market […]

Obama's New Iran Sanctions: An Act of War

With the U.S. closed for the long weekend yesterday, not much happened in the gold market on Monday… although gold came under a bit of selling pressure starting at 1:00 p.m. in Hong Kong. Every […]

The Dow Chart is Ugly

From its Thursday low of $1,195 spot shortly after 4:00 p.m. in New York… gold rose quietly until about 1:00 p.m. in Hong Kong trading on Friday.  From there it only added a few more dollars to […]

Gold and Silver's Daily Review for 2nd July 2010

After the bad news from the U.S. on the housing and employment front most financial markets fell heavily.   Falls of 5% were not uncommon in Europe.   Amazing what computer programs and stop losses will do […]

Market Meltdown & Metal Missiles – SPX, Gold, Silver & Oil

Market Meltdown & Metal Missiles – SPX, Gold, Silver & Oil What a nutty week for the equities market! The bleeding has not led up with almost 2 weeks of straight selling. Also we are […]

The Risk and Reward Ratio on The Precious Metals Market

This essay is based on the Premium Update posted on July 1st, 2010 At times daily volatility can cause one to lose the big picture from sight – focusing on trees is ok as far as one […]

The Double-Dip recession Lies Ahead – What of Gold and Silver?

www.GoldForecaster.com Mr Bernanke and his close allies at the Fed in Washington are worried by signs that the U.S. recovery is running out of steam.   The ECRI leading indicator published by the Economic Cycle Research […]

Gold and Silver's Daily Review for 1st July 2010

"With the gold price holding around $1,240 [and fixing in London at that price] in the face of more bad employment news in the States [closer to recession?], gold is holding up very well.   Bear […]

Gold and Silver: The Ultimate in ‘Real’ Value

Analysts, financial planners and so called “experts” tout a variety of anti-inflation investments but none have the intrinsic value of gold, silver or any other precious metals. Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com, provides below further […]

Turk: Gold and Silver To Reach $8,000 and $400 Respectively by 2015

By 2015 gold will hit $8,000 and, if the gold:silver ratio reverts to the norm of 20:1 as I think it will, silver will reach $400. Words: 1309Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com, provides below further […]

GLD, GDX and SLV Does November 2009 Repeat in July 2010?

Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ.  This week I would like to offer what I believe to be […]

Gold and Silver's Daily Review for 30th June 2010

"Tuesday saw a p.m. Fix at $1,234.50 and at London's opening on Wednesday it was $10 up.   The morning Fix today was $1,240.50.   A look ahead to the rest of this week sees a scene […]