• Gold: 1,312.53 3.12
  • Silver: 15.42 -0.05
  • Euro: 1.130 -0.007
  • USDX: 96.64 0.145
  • Oil: 58.96 -0.95

Precious Metals Update Video: Gold-Silver ratio...

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

Precious Metals Video Update: All eyes on FOMC...

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...

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.

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.

Congressman Demands CFTC Explain Its Failure to...

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:

Silver Market Trends - 2019 (The Silver Institute)

(Washington D.C. – February 5, 2019) Last year, the silver market faced a challenging environment which was reflected in a muted price performance. Preliminary estimates point towards a minor 0.3 percent increase in total supply whereas demand contracted 3 percent. A slowing Chinese economy, coupled with rising U.S. interest rates, an equity market bull run, and global trade tensions, affected the price performance across many markets, including gold and silver. This year, we expect the sentiment to be more supportive for the silver market. The start of 2019 has already proven to be good for silver investors. The U.S. Mint for example, sold 12 percent more American Eagles in January compared to January 2018. In addition, the expected slowdown in the U.S. FED rate hiking cycle should also benefit silver, which in comparison to gold, has a very attractive price point based on the high gold:silver ratio at around 82. Against this backdrop, the Silver Institute provides the following insights on 2019 silver market trends.

Arizona Legislator Proposes Securing State...

An Arizona legislator has put forward a bill to de-risk the state’s financial holdings with a modest allocation to physical gold and silver in the state’s reserve fund. Introduced by Representative Mark Finchem (R-Tucson), the Arizona Sound Money Stabilization Act (HB 2500) requires that at least 10% of Arizona’s Budget Stabilization Fund be held in the monetary metals in a secure depository.

Silver: Back In Focus

Silver is coming back into focus as the charts show a bit of upward movement with price action and potential brewing for some chart breakouts. This post starts with a look at the charts of Silver spot metal and then some popular US silver-based stoks / ETFs. With all of these charts, I'm on the lookout for any momentum-based trend line breakout (meaning an uptick over 20 for the ADX and +DMI) along with a move back above the weekly Cloud and on a volume spike.

Wyoming Legislators Want State to De-Risk...

A group of Wyoming legislators have introduced three bills this week to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state’s pension fund, reserve fund, and mineral trust fund.