Silver

In the time of the ancient Babylonians – long before the periodic table – there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury

In our last editorial we showed a few charts of our junior gold and junior silver indices. Gold has moved well past its 2008 high and the same has happened with our junior gold index. Silver, at its recovery peak was within 7% off its 2008 high while our junior silver index was 25% off … Continue reading

Here’s the monthly gold Comex chart. In my previous technical analysis in June, I made a few comments on how gold was to break the $1,300 level and climb to $1,500. I still believe that will happen before the end of the year. Keep in mind that it is hard to interpret the charts when … Continue reading

“Few investment opportunities arise in our lifetime like silver. The stage is set for a silver price percentage gain of extraordinary magnitude! Forget the popular refrain of “Got Gold?”……

The GSR maintains the post-consolidation bottom pattern by weekly chart. AROON trend has turned down (as has the daily) and MACD is waffling, but in positive territory. The support/resistance lines on the RSI should break this thing one way or the other. And if it’s up, the deflationists will be pretty happy for a while. … Continue reading

The July silver open interest increased by 31 contracts on Friday. Those people wouldn’t be buying unless they intended to take delivery AND they couldn’t buy unless their account was funded for the amount needed to take delivery. I don’t scrutinize the o/i like this every month, but I have never noticed open interest increasing in … Continue reading

I added some direct protection for my precious metals holdings in the form of ZSL. So, we have Dow, SPX and silver short… for now. Usually I stare in the crazy eyes of the silver bugs and I not only blink, I get sent running with tail between legs. Last time it was da bugz … Continue reading

  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 Seinfeld episode when George takes a large tortilla chip, dips it into a bowl of dip, bites into … Continue reading

The bullish set up in silver (and gold) has turned insanely bullish. An astonishing amount of silver has been removed from the Comex warehouses over the past two weeks. Most of it from Scotia – who has unrefutedly been accused by many, including me, of operating a “fractional” bullion custodian operation – and from HSBC … Continue reading

Major mining indexes appear to be approaching a major breakout point fueled by the sweeping overhaul and takeover of banks.  Banks have been under pressure from a continuing recession, high unemployment, a weak housing market and now more government oversight and audits. This does not help a recovery process for housing or financials.  These are … Continue reading