$27 Handle in Silver As Algos Tip off Monday Sell-Off

April 1, 2013 By 29 Comments

27Friday’s strange algo patterns in the gold and silver charts apparently were tipping off the upcoming silver raid, as silver traded exactly down Monday morning to the $27.88 spike low seen on several silver feeds last Friday when global markets were closed.

The cartel appears intent on forcing a re-test of crucial support at $26 in silver- the question is at what cost in the physical market as a massive shortage of 90%, Silver Eagles, and Silver Maples grows? (and will undoubtedly intensify on any visits back towards $26) [Read more...]

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Silver Update: Silver Fixed

March 31, 2013 By 49 Comments

silver fixedBrotherJohnF’s latest Silver Update:
Silver Fixed [Read more...]

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SD Weekly Metals and Markets 3/29 FDIC & BOE Create Resolution for Cyprus-Style “Bail-Ins”

March 30, 2013 By 23 Comments

This Week’s SD Weekly Metals & Markets Report Looks At:

SD Weekly Metals & Markets is below: [Read more...]

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Metals Dealers Shut Down Sales As Silver Globex Market Price Feeds Fluctuating By Over $1

March 29, 2013 By 88 Comments

algosAll h*ll appears to have broken loose in the electronic paper metals market overnight Thursday and into Friday, as numerous live metals feeds are fluctuating in price by more than $1 in silver, and several metals dealers are reportedly refusing to make any sales as they have no idea what the current price of silver is.

Per the CME the Globex is closed the 28th-31st, and per the HKMEx Hong Kong is also closed Friday the 29th, so we suspect a rogue algo was accidentally left on… [Read more...]

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Gold & Silver Rolling Over As Sinclair’s Bottom Call Expires

March 28, 2013 By 40 Comments

silverGold and silver have been hammered today after the London fix (ensuring as few physical stackers as possible are able to take advantage of the paper discount), with gold pushed back under critical $1600 support to $1593, and silver towards a $27 handle.

Recall that last month, legendary gold trader Jim Sinclair predicted that gold would see a bottom by March 27th, and would have begun a strong move higher by that date.    While it is too early to tell whether the ultimate bottom is already in, the recent black-swan events in Cyprus while allowing the cartel cover to continue to add short-term pressure to gold and silver, certainly have major, major long-term bullish implications for both metals.
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Silver’s Turn?

March 27, 2013 By 23 Comments

Submitted by Bill Holter:

It looks like Gold has “passed the test” and made a bottom, now it’s Silver’s turn.
Silver has acted quite poorly over the last 10 days while Gold put in a base.
“Outside reversal” days are rarely allowed in either Silver or Gold.  Silver has the chance of placing one today with a strong close. [Read more...]

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Silver Recovering After Overnight Sell-off, Gold Back Above $1600

March 27, 2013 By 19 Comments

silverSilver is recovering early in Wednesday trading after being smashed to $28 overnight, with the metal already retracing half of its losses to $28.40. 

Silver appears to be stalling however at the bottom of its 4 week trading range of $28.40-$29.50, and having broken out of that range to the downside, will likely see a $27 handle before selling subsides.

*Update: silver has now retraced its entire overnight smash with a vertical move to $28.70
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Silver Update: Music Stops

March 26, 2013 By 11 Comments

music stopsBrotherJohnF discusses silver’s technicals as well as the rapidly escalating fall-out from the Cyprus bail-in fiasco in his latest Silver Update:
Music Stops [Read more...]

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USMint Sells Another 1 Million Silver Eagles, Set to Place 3rd Consecutive Monthly Sales Record!

March 26, 2013 By 63 Comments

US MINT SILVER EAGLES UPDATE 32613US Mint Update By SRSrocco:

The US Mint has just updated March Silver Eagle sales for the first time since 3/21. 

THURSDAY LAST WEEK = 2,438,000
TODAY = 3,356,500
March US Mint silver/gold sales ratio: 60/1!

In the wake of the Cyprus banking collapse, the US MINT HAS SOLD NEARLY 1 MILLION OUNCES OF SILVER IN 4 DAYS!! [Read more...]

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SD Weekly Metals & Markets 3/23: Cyprus is Lehman & MFG- Financial System on the Edge!

March 23, 2013 By 66 Comments

Youtube SD WeeklyEric Dubin & The Doc break down the trading action in gold and silver and preview next week’s options expiration in the metals.

We discuss the implications of the Cyprus bail-in, whether bank runs are imminent in Greece, Italy, & Spain, and the likelihood that a full-blown contagion has been triggered due to the loss of confidence in the banking system.  

SD Weekly Metals & Markets is below: [Read more...]

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Recap of Jim Sinclair’s NYC Meeting: You Have 2 Years to Get Out of IRA’s, Silver to See Orgasmic Rally

March 23, 2013 By 197 Comments

jim sinclair*Updated with more in-depth recap from SD reader GL

For those unable to attend the legendary Jim Sinclair’s NYC Q&A meeting yesterday, we have provided SD readers an exclusive full recap summary of the meeting below.

While 5 hours of Jim Sinclair’s wisdom could never be conveyed in a single post, of note- Sinclair urged PM investors that they have 2 years to remove your IRA funds before they are lost to forced Treasury allocation, and to stop contributing now.

Sinclair also confirmed he sees a triple digit future for silver, but that silver’s rise will be orgasmic- a rapid climax rally followed by a dramatic decline. 

Full recap of Jim Sinclair’s NYC meeting is below: [Read more...]

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Silver Update: Fiscal Psychopath

March 22, 2013 By 2 Comments

BrotherJohnF’s latest Silver Update:
Fiscal Psychopath [Read more...]

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Gold & Silver Explode Higher on COMEX Open!

March 21, 2013 By 15 Comments

beach ballGold and silver launched vertically on Thursday’s COMEX open, as Europe’s bitcoin hysteria in the wake of the Cypriot wealth tax appears to have finally spread to the only true safe haven currencies, gold and silver. 

Silver sliced through $29 and jumped nearly to $29.50 immediately, while gold jumped to nearly $1620. [Read more...]

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Silver Update: Bank Runs!

March 20, 2013 By 21 Comments

bankrunBrotherJohnF discusses the impending bank run looming when Cyprus’ banks are finally re-opened, and the Pandora’s Box that has been opened as a result of the ECB’s botched Cypriot/ Russian oligarch bank heist in his latest Silver Update:
Bank Runs!

[Read more...]

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Gold & Silver Gap Up on COMEX Open

March 18, 2013 By 20 Comments

goldAfter being pushed back below $1600 and $29 over night, with silver being treated to a spike low near $28.50, gold and silver have just made another vertical move off $1600 and through $29 on the COMEX open.
Silver jumped .30 just through $29, and gold, appearing much stronger- bounced off of what is now support at $1600 to $1610. [Read more...]

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