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Thursday

Aug 21

Silver has Run Out, Now! Jason Hommel
For a long time, people have been asking me, "When will silver run out?". They know that the world uses up more silver each year (about 850 million ounces) than the world mines (about 600 million ounces), and that existing demand can only be met by selling existing inventory (such as recycling 200 million ounces, or goverments selling 50 million ounces), so it's a natural question to ask. The question is not implying that mankind will be unable to mine any more. Rumor is that there remains at least about 14-16 years of silver in the ground at "current" prices; while at much higher prices, silver mining becomes more economic, and more deposits can be added to that "in ground" reserve number.

   


 

 

 

 

 

 

 

 

 

 


Aug 21 SLV ETF Bull Market Remains Intact Chris Vermeulen
Technically we are near a buy zone for SLV. Whilst we may yet go down to test $12 we are now close enough to the Buy Zone for probabilities to be skewed in our favour. WE will be looking at SLV at these prices over the next few weeks for a possible entry!

Aug 21 Gold's decline, The dollar's Rally, What's next? USAGOLD 2 Part Video

Aug 21 Swap Gold for Silver Franklin Sanders
From the silver & gold shorts is bound to come another attack, but from what level? Perhaps when the GOLD PRICE begins to rap on the $825 door? The SILVER PRICE is following now, not leading any parades, but that's as it should be. With the GOLD/SILVER RATIO at 61.56, I would swap gold for silver (note: gold for silver, not the other way round).

Aug 21 Road to Roota VIII Bix Weir
I hope everyone reading this fully understands the significance of the end of fiat money and has taken the precautions of buying physical gold/silver. Remember, paper gold/silver, stocks, bonds, etc. are no substitute for physical gold and silver. A banking collapse will surely wipe the slate clean when it comes to the lopsided wealth allocation created by the fiat money. Insolvent brokerage houses, phantom stock certificates and the COMEX/NYMEX default will erase perceived wealth in a blink of an eye.

Aug 21 The Goldsmiths--Part III R. D. Bradshaw
In the US, investors are often bombarded with the ideas of the fundamentals and the technicals. And while the fundamentals are important for the long trend line and while the technicals may sometimes be important in the short term, they are not proving to be the driving forces in the markets here in 2008. Now, the overlying trend lines, at least the short and intermediate term trend lines, are being directed and controlled by market manipulators/interventionalists.

Aug 20 Gold/Silver Supply and Demand Disconnect SeekingAlpha.com
There is a huge demand for both gold and silver right now in India and North America. North American shops are completely bare of silver. Indian shops are empty of both silver and gold. Even the Indian banks don't have any gold or silver. The big western bullion banks, based in New York and London, control both the gold and silver trade. Reports from India are that they are refusing to extend Indian bank lines of credit, forcing the small banks to deliver to clients, collect money, and pay down lines of credit, before being allowed to take delivery of another gold or silver shipment. This is very abnormal. Normally, if a banker’s bank knows that its customer-bank has firm orders, it would extend the smaller bank a bigger line of credit. Not now.

Aug 20 Make $400,000/year on your silver! Jason Hommel
I would urge my readers to strongly consider selling your 100 oz. bars at ebay, and taking the money to buy 90% silver bags, which are much cheaper, and are selling closer to the spot price of silver. You'll end up with more silver. I'm considering doing that myself, but I'm lazy. I like to buy or sell 100-200 bars at a time, not 1-2/day.

Aug 20 The Goldsmiths--Part II R. D. Bradshaw
Perhaps the most important goldsmith of all time was Mayer Amschel Bauer-Elhanan of Frankfort, Germany in the mid 18th century. As had been true for ages with his relatives and associates, Mayer decided to change his name to one which would be more useful in deceiving and cheating the local people of Germany. Mayer chose Rothschild (meaning a red sign or shield). Thus, the famous international banking house of the Rothschilds came into being.

Aug 20 Gold’s Correcting, Not Collapsing Roy Martens
The sky certainly appears to be falling for most commodities investors. We are experiencing a very fierce fall and a growing number of investors are simply throwing in the towel. Are they right in doing so? It is certainly becoming harder to go on believing better times are just ahead when so much blood is being spilt in the markets week after week. We’ve witnessed metals and mining stocks plunge in the past, but hardly with as much vengeance as we’re experiencing now. Could this be the end? Or is this just the great shake out before the next stage of the bull market can begin?

Aug 20 How Low Will Gold Go? Alex Wallenwein
That's a silly question. Gold doesn't go anywhere. What "goes" up or down are the dollar figures we have all been trained to attach to it - but we all know, for a fact, how illusory those are. (If you really insist on an answer to the question, I would have to say: "The lower, the better!") Today, a "dollar" is primarily an accounting unit. Nothing more than a concept, an idea - and a very fleeting one at that. It is created just like that, and it can be destroyed just like that, and it's the same thing with all other fiat currencies.

Aug 20 The Dollar Has Been Allowed To Appreciate Chris Ciovacco
The long-term story for a weak dollar remains intact. The long-term story for strength in commodities remains intact. These stories (or fundamentals) apply to a period that could last almost twenty years and are referred to as secular stories or trends. Based on history, it is important to understand that counter-trends or cyclical retracements of secular trends can be of significant magnitude and duration. More importantly, they can destroy principal even when you have correctly identified the long-term fundamentals.

Aug 19 The Lessons of a Lifetime Ted Butler
In order to understand where you may be going, it is important to understand where you have been. Nowhere is this more true than in silver. The historic price sell-off, coupled with the obvious shortages in almost all forms of retail physical silver present the lessons of a lifetime. I believe that how we learn from this lesson will determine our future financial situation, good or bad. The drastic sell-off in silver (and gold) is further proof of an ongoing manipulation to the downside. My advice to own real silver on a fully paid for basis, has been borne out. Real pain exists among those who held silver or gold on margin. Many leveraged investors have lost their positions because they couldn’t meet margin calls. Meanwhile, no fully paid up investors sold because they had to come up with more margin money. That’s lesson number one.

Aug 19 How to Short Gold by Going Long Chris Vermeulen
DZZ Double Gold ETN is a relatively new way to take advantage of gold price action. This gold fund provides double the movement that the GLD ETF or the price of gold does, providing bigger opportunities in the gold sector. I have just recently started to use DZZ ETN for trading and have found it to be very useful, which you will see in the charts below.

Aug 19 Don't Panic...Buy!!! Timothy Silvers
It looks likely that gold and silver have bottomed. Although I thought a sharp August sell off was probable, the severity of this week’s drop was a bit more than I anticipated. I started buying heavily once silver hit its 300 DMA and bought more around $14.50. I also finished purchasing a lot of quality mining companies in the past week and a half. I know it has been painful to watch, but if you are buying with cash and using minimal leverage, you will be rewarded for your courage to buy while others are panicking.

Aug 19 The Goldsmiths--Part I R.D. Bradshaw
In March 2008, gold hit a high of around $1030 per ounce. By mid-August, it had collapsed to $772. Similar falls happened to most of the commodities and foreign currencies. Wheat went from a high of $13-15 to $7-8 per bushel; Silver, soybeans and corn all crashed as well. Even the EURO currency went from almost $1.60 to $1.46 and oil fell from $149 to $111.  Here, the question must be asked--how is it possible that these prices can collapse in just a matter of days? For the answer, one must address the subject of the historic goldsmiths and how they are still around today and still making money--like never before. This article and two succeeding ones will broach this theme.

Aug 19 The Silver "Reverse" Bubble of 2008 Paul Mladjenovic
Unfortunately, many folks are panicking or depressed about silver, gold and other commodities. I think that we need to remind ourselves about the legendary Jesse Livermore when he said to be "right and sit tight." Silver, gold, oil and other commodities are on a long, zig-zag upward march that can't be stopped by any firm or government agency. The commodities super-bull market is alive and well because the fundamentals are too powerful to suppress. Don't get fooled or spooked by the irrational and ill-conceived short-term gyrations. Stick with the fundamentals and stay focused on the long-term. I know that I am.

Aug 19 Let's Be Hunts David Bond
The Hunts shook the lying bankers to their boots – to the point where intervention by the Fed, Treasury, and the Defense Department were warranted – merely by asking for delivery of the 192 million ounces of silver they'd been promised. This was not a “cornering” of a market; it was the attempt to enforce a contract, same as you've got with your landlord or bank. So let's all of us be Hunts. Ask delivery of $12.80 silver and $790 gold, today. There are 300 million of us. A single ounce of physical silver for every man, woman and child in the United Snakes would squeeze these rat-bastards harder than the Hunts could ever do.

Aug 19 Technically Precious Merv Burak
Well I guess this past week will be remembered for both gold and silver, with silver declining twice as fast as gold. Stocks also took a bounding but they have been taking a bounding for some time now. What next? That’s really the $64 question.

Aug 18 Silver Shortages Cause Price Disconnect Jason Hommel
Many people agree there is a shortage of retail investor silver, but they get confused by the lower price. They think a lower price means more silver must have come into the market. That is not how our markets work. Our markets are affected by paper silver futures contracts, and very few people ever attempt to take delivery of that silver, they buy it on leverage, for the investment returns, not for real silver. So, some people can sell "silver promises" to excess, and never deliver, and if they sell more "paper silver" than exists, that can manipulate the price.

Aug 18 End of a Bull Market? Franklin Sanders
Physical prices are declaring their independence from paper pricing as those holding physical gold & silver refuse to sell it at prevailing paper prices. I have been expecting this to happen toward the top of the bull market, catalyzed by some paper purveyor's failure, but now? What can it mean? At the very least, the public is nourishing a gigantic hunger for silver & gold in their hands, and no place else.

Aug 18 Futures Price is a Fiction Chris Powell
The suspension is overwhelming evidence that the futures contract price of gold on the commodities exchanges is substantially below the physical market price and that, indeed, the commodities exchanges are being used as GATA long has maintained -- as part of a massive scheme of manipulation of the precious metals, currency, and bond markets.

Aug 18 A Fabrication Bottleneck or Something More James Turk
I suspect that this disconnect between the paper market and the physical market means that gold will climb back as rapidly as it fell, creating a "V" bottom. Consequently, the precious metals are likely to snap back as rapidly as they dropped. After all, inflation is a growing problem everywhere, the US federal deficit is ballooning, the global banking system is imploding from losses, inflation-adjusted interest rates in every major currency remain negative, and the euro is reeling because of massive current account gaps in Spain, Portugal and Greece. All of these factors are very gold bullish.

Aug 18 International Forecaster August 2008 (#5) Bob Chapman
The Game is up for the Banks as they now face limits on derivatives, trillions remain outstanding in credit default swaps, American meddling in Iraq to continue indefinitely, Insider buyers were pushing Bear Stearns out of business, Russia defeats NATO in Georgia, Iran blockaded by US Navy, Apple backdating settled with SEC, ugliness in mortgage land.

Aug 18 Market Wrap Week Ending 8/15/08 Douglas V. Gnazzo
The paper fiat money system is hugely overleveraged. How far the pendulum swings to one side, it must invariably swing to the other. Eventually, it finds its center balancing point. For thousands of years gold and silver have been the anchor that holds the pendulum in place. Wealth is what one has saved: be it land, timber, crops, livestock, linens, gold and silver – goods of any kind. Savings by foregoing consumption is the key to wealth accumulation. Debt is the opposite of savings and wealth accumulation. When credit is extended, debt is created. When money itself is debt – nothing but debt is created.

 

 

 
 

 

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