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The Week Begins, And Silver Is Instantly Getting Destroyed Joe Weisenthal May 19, 2013, 6:18 PM Fans of precious metals have been getting creamed lately. Thanks to declining volatility and a growing sense that real interest rates are on the rise, gold and silver have been getting taken to the woodshed. And in early Asian trading there's no letup. Silver is getting demolished. From Kitco, here's the sharp downward spike. Screen Shot 2013 05 19 at 6.16.13 PM Kitco As you can see here, the decline in gold is more muted, but still visible. Silver's not the only thing going...

Commodities Boom to be Driven by the Urbanisation of 1 Billion More People Commodities / Demographics May 18, 2013 - 07:11 PM By: Richard Mills Many, many years ago during a lengthy argument with a friend he told me to 'give it a doubt' - he meant I was wrong. The herd is convinced the commodities boom is over. Doom and gloom, the sky is falling, the bears argument sounds convincing - growth has stopped, economies are slowing. Looking at the TSX.V's performance (most of the world's mineral exploration firms call the Venture Exchange home) it's as if people are...

BARRON'S: There Were Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge Joe Weisenthal May 19, 2013, 10:34 AM Gold went down the toilet again on Friday, and is now close to revisiting its April lows. This gold weakness is causing a lot of consternation to fans of it who don't understand how the precious metal can keep falling, when central banks around the world continue to press down on the gas pedal. A lot of gold bugs think the price is being manipulated somehow, or that there's some divergence between what's going on in...

Gold And Silver Are In Liquidation Mode Again Joe Weisenthal May 15, 2013, 4:22 AM It's happening again. Gold and silver are in liquidation mode. Both of the two precious metals are back to being taken to the woodshed. Gold looks at risk of breaking below $1400/oz. again.KITCO And silver is just plain ugly.KITCO The end of the world trade (which explains a lot of gold's appeal) is looking less and less likely to play out as the precious metal bugs had anticipated. Meanwhile, improving economic fortunes makes it less appealing to have money in rocks. And big picture, now...

Silver Prices To Soar, Like Gold On Steroids! Commodities / Gold and Silver 2013 May 14, 2013 - 12:31 PM GMTDiane Alter By: Money_Morning Diane Alter writes: It's hard not to get a bit nostalgic about silver prices. I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market. Since the 2011 peak, the S&P has roared higher by...

Fed Chairman Ben Bernanke was nervous as he answered questions at his speech in Chicago today. “In light of the current low interest rate environment, we are watching particularly closely for instances of ‘reaching for yield’ and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals,” Mr Bernanke said. I was waiting for questions or hints as to if or when will take their foot off the monetary accelerator, but NADA. Global sovereign yields rose across the board this morning (except for Greece). The dollar is rising … while commodities plunged this morning (look...

A Gold Number Literally Off The Charts Dave GonigamMay 8, 2013“Setting a record” doesn’t begin to do the story justice. The Hong Kong Census and Statistics Department is out with its monthly figures on China’s gold imports via Hong Kong. The Chinese government is notoriously secretive about its total imports, so the Hong Kong figures are the best we have to go on. The March number is 223.5 metric tons — literally off the charts… “This is quite out of expectation, as all these imports were done before the market slump in April,” a trader at the Bank of China...

The Commodity Massacre Is Back Today — Gold Tanks Again Matthew BoeslerMay 1, 2013 WTI crude oil is getting hit pretty hard this morning. Right now, it's down about 2.8%, trading at $90.85 a barrel. Copper is getting hit too – it's down about 3.2%. Gold, meanwhile, is down 1.5%, trading at $1450 an ounce. In fact, the entire commodity complex is pretty heavy in the red today, with the exception of natural gas. Silver, platinum, palladium, corn, wheat, sugar, coffee, soybeans, gasoline, and heating oil are all coming under selling pressure. Overnight, we saw weaker-than-expected manufacturing data out of...

Copper Calls The Economic Recovery BS Economics / Global EconomyApril 27, 2013 - 03:08 PM GMT By: Graham Summers For the last four years, the financial world has traded largely based on hope of more intervention from Central Banks. That was and is the single driving factor of the markets. Good news was good news (it’s a recovery!) but bad news was even better (the Fed will have to print more money!) as far as stocks were concerned. However, against this backdrop several issues began to develop. The single most important one was Copper, which has a great record of...

Why Silver Price will Soar To $250 An Ounce Commodities / Gold and Silver 2013April 25, 2013 - 05:46 PM GMTPeter Krauth - Money Morning Peter Krauth writes: All bull markets go through periods of consolidations and corrections. And precious metals are no exception. There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more. Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact....

Gold Had Another Strong Night Joe WeisenthalApril 25, 2013After getting routed early last week, gold has definitely found its footing again. It had a strong night, and is now in the mid $1400s. At its worst point last week, it was just above $1300/oz. Via Kitco:

The Eagles Have Fled by Dave GonigamApril 24,2013 The U.S. Mint has been cleaned out of 1/10th-ounce Gold Eagles. So far this month, 85,000 of the coins have exited the Mint’s doors. Now sales are temporarily suspended. “While the 1-ounce gold bullion coins remain the most popular,” says a Mint statement, “demand for the 1/10th-ounce coins has remained strong too, with year-to-date demand for these coins up over 118% compared to the same period last year.” Overall Gold Eagle sales this month now total 183,500 ounces. At this rate, April will almost surely end with the second-highest sales on record…...

The Economic Depression Is Deepening Economics / Great Depression IIApril 23, 2013 - 05:47 PM GMT By: Bill Bonner Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything – houses, cars, electronics. When it goes down, it generally means the world economy is getting soft.At the start of last week, the conventional analysis of the gold sell-off was that the central banks' efforts to revive global...

Gold Is On A Tear Today Joe WeisenthalApril 22, 2013 After getting its butt kicked last week, gold is bouncing back a bit. It's up over 2% today, surging to above $1430/oz. At one point last week it was in the low $1300s.

Copper Is Getting Slammed Rob WileApril 19, 2013 Copper futures are down more than 2.5 percent and are poised to see their largest decline in 16 months, Dow Jones' Francesca Freeman writes. The sell-off came after a report that Zambia, Africa's largest producer, resumed shipments after a two-week halt because of a railroad accident, she says. Investing.com Other commodities were mixed. Gold and oil were trading slightly higher, while natural gas was down.

Why I Still Want To Own As Much Gold As Possible Commodities / Gold and Silver 2013April 18, 2013 - 03:02 PM GMT By: Bill Bonner Whoa! This is getting interesting... Gold crashing on Monday. Slight recovery yesterday. Stocks crashed on Monday too. Now surging. What happened to gold? No one knows. There were reports of a 124.4 ton sell order from an investment bank on Friday morning. But from whom? Why? Nobody knows. From Bloomberg: The CME's Comex unit is making it more expensive for speculators to trade after gold fell the most in 33 years today, dropping to...

Don’t Buy Gold By Greg Guenthner 04/17/13 Gold’s dropping. You want to buy. But wait just a minute… Is your desire to buy gold now based on reasonable analysis of market conditions? Or is it simply an emotional reaction to the selloff? Let’s turn to one of your letters for some answers: “Short-term I can understand your premise on gold,” writes a somewhat reasonable reader. “Markets are doing well so people head in that direction. But for the long-term, I’m a buyer. I think there’s a lot of inflation coming. So I’ll slowly buy in expecting lower priced and will...

Copper Is Looking Ugly Tonight Joe WeisenthalApril 17, 2013, 9:05 PMOne of the big ongoing stories is the selloff in commodities. Gold is the most notable loser, but industrial ones like oil and copper are taking a beating too. Copper fell all day, and continues to be weak into the evening. From FinViz:FinViz

Will Silver Price Keep Falling? Commodities / Gold and Silver 2013April 17, 2013 - 05:41 PM GMTPeter Krauth By: Money Morning As gold prices plummeted $200 in two days, silver prices fell about 14%, or $4, to below $24 an ounce. Our Money Morning resources expert Peter Krauth explained the reasons behind gold's fall, so we went back to him to find out the deal with silver prices. Will silver keep falling? Is it a buy at the lower levels? Here's what Krauth offered for investors. Money Morning Staff: Peter, are silver prices falling because gold fell, or are there...

WAKE UP!Karl DenningerApril 17, 2013 I've been warning people that all is not well in the world. This morning I'm standing on the red button. We are, right here and now, sitting on key support for copper. If it fails, and given the pattern I believe it will, we're going under $3 and could see an all-on crash in copper prices. Why is this important? Because it's a measure of industrial demand -- that is, industrial production on a global basis. Europe is a damned basket case. That their markets haven't collapsed are testament to the litany of lies promulgated...