Silver

There goes gold again, doing something today it has only been able to do 8 other times in its entire bull market beginning in 2001.

What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on.

First Majestic wins $89.6-million (U.S.) in Davila suit…

Gold prices have rebounded substantially, on the heels of solid consumer confidence which has driven investors back into precious metals.

A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners.

Andrew Chanin, co-founder & COO of Pure Funds, discusses their ETF which invests in junior silver companies. The interview was recorded last weekend.  

The last week has been a fright fest for the gold “community”.  But these are the financial markets, not a community.  There is a world outside of what ever is going on in gold and silver.  A macro economic backdrop filled with entwined and correlated assets and markets all trying to form a message when … Continue reading

“The main purpose of the stock market is to make fools of as many men as possible.”
Bernard Baruch

There’s been a recent huge draw down of physical gold at the New York COMEX and at the JP Morgan Chase depository.

This week we saw some interesting developments on the financial markets, mainly in the general stock market – S&P 500 has finally reached (and surpassed) the long-awaited 2007 high level and other more specific stock-market sectors have not been idle as well.