Silver

China has been notably relaxed about her own people acquiring gold, and the government itself appears to be absorbing all of China’s mine output. Russia is also building her official reserves from her own mine supply.

Without a doubt, this was a week of strong declines for the yellow metal.

The life cycle of most things not matter what it is (living, product, service, ideas etc…) go through four stages and the stock market is no different.

Last week was very disappointing for those who had previously been long precious metals and very profitable for precious metals bears. A lot happened after the FOMC meeting and the Federal Reserve Chairman’s statement on June 19, 2013.

Many people believe there is a significant risk that the Irving Fisher debt-deflation theory of great depressions is still an economic threat today.

The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma.

Just as we did with Gold, we looked at Silver’s performance following bottoms in 2004, 2006 and 2008. We took that weekly data and merged it into one. We then added that data to a $19 Silver price on July 1, 2013. Note that this is weekly data. Going forward, the big resistance spots will … Continue reading

It seems that every year a new word or term or acronym becomes a prominent part of the financial world’s lexicon.

There is no doubt about it. Precious Metal mining companies are going through a time of testing.

There has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash.