Sunday, June 26, 2016

Investing In Gold And Silver Post Brexit

UK votes to leave the EU, sending gold and silver skyrocketing!

Today is a huge day for the market, and it's not a good one. You know what that means... gold and silver prices are skyrocketing! The big movement in the market today is the result of the recent vote with regard to the UK leaving the EU. Today, we'll talk about the details of the Brexit vote, how the market is reacting to the news, and what we can expect to see from the prices of gold and silver moving forward. So, let's get right to it...

Britain Consumers Vote For A Brexit

For the past several months, if you've been watching financial markets, chances are that you've seen the word Brexit thrown around here and there. The concept behind the Brexit is actually relatively simple. You see, many politicians in the United Kingdom argued that the relationship between the UK and the EU was causing economic strain on their region. As a result, hey pushed to leave the EU.

On the other hand, there were plenty of politicians that argued that leaving the EU now would be a bad move. They agree that the economic strain the UK was feeling was in large part the result of their relationship with the EU. However, they also pointed out that leaving the EU would cause issues with global trade agreements that would lead to economic hardship.

As a result, the region left the decision up to the consumers. The vote was held yesterday, and the results came in this morning. According to the results, the British people have voted for an exit.

What Does This Have To Do With Gold And Silver?
While it may seem as though a Brexit and the prices of gold and silver are two completely unrelated topics, that notion couldn't be further from reality. The truth is that precious metals have long been looked at as safe-haven investments. This means that when market or economic conditions are in question, we can expect to see gains in precious metals as investors look to keep their money safe.

Well, look around? One look at the global market right now and your eyes may turn red. Everything is tanking on the vote, and for good reason. At this point, it's clear that the British people want to leave the EU. This means that soon, the UK will be forced to renegotiate global trade agreements. Not to mention that UK backing in the Eurozone is going to dissipate. As a result, economic conditions in the UK and in Europe are likely to falter. This alone would be enough to send the prices of gold and silver skyrocketing. However, it doesn't stop there.

Due to global trade, economies around the world are heavily dependent on one another. With two of the world's largest economies headed for hardships, global economic conditions are likely to see issues. This will lead to market concerns and further growth in the prices of gold and silver.

What We Can Expect To See Moving Forward?

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from gold and silver. The reality is that at the moment, there are more questions revolving around the global economy and global market than there are answers. As a result, we're likely to see big spikes in demand for precious metals, leading to massive gains in value.
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Saturday, June 18, 2016

Taking a Shine to Silver: The Rise of Bullion Coins Around the World

Silver disappeared from circulation, but in a few decades it came back in bullion coins
Silver, so long an element of pocket change that many people still refer to their dimes and quarter dollars as “silver,” is now found mostly in special coins sold as a bullion store of value or as collectibles. The removal of precious metal from circulating coins began in the 1940s in several countries and accelerated during the 1960s.

From the mid-1960s until silver bullion coins were developed in the 1980s, collectors looking for slivers of silver at affordable prices had few options.

The United States famously adopted copper-nickel clad coinage in 1965, striking 1964-dated silver coinage well into the new year while making the transition.

By this point, most other countries had already eliminated or drastically reduced the use of silver for coinage.

Once silver departed circulating coinage in the 1960s, collector and investor choices were limited to older, often worn coins with bullion content or private bullion issues.

Then came the birth of the silver bullion coin, now one of the more avidly collected forms of the metal worldwide.

Not all silver bullion coins are created equal, though, and buyers must be aware of the differences to make educated purchases. For example, not all coins are of the same fineness. Also, while some silver bullion coin mintages are unlimited, some are struck in smaller numbers and may carry higher prices as a collector premium.

In addition, some mints change the design of their silver bullion coins every year to create fresh interest in the series, while others rely on the constancy of a standard flagship design.

What are bullion coins?

Bullion coins are governmentally issued pieces whose value is intended to be based on their precious metal content. The market value of that precious metal is generally much higher than any face value the pieces may carry as a formality.

While most coin collecting guides stress that collecting should be for fun, with potential for profit only an ancillary benefit, that suggestion does not apply equally to bullion coins acquired for investment.

Bullion coins are minted by government and private mints for a variety of countries. Most are considered legal tender in the country whose name they carry. Although primarily purchased as investments, their attractive designs and sometimes rarity mean they are also often prized by collectors.

One important characteristic of bullion coins that sets them apart from collector coins is the way they are sold. Most mints do not offer the bullion coins directly to collectors and dealers because mints are not geared to the business of maintaining the two-way market that the bullion marketplace requires. A two-way market means a seller will also buy a bullion coin back, at prevailing rates. (Mints sell collector coins and sets directly to customers, both collectors and dealers, and similarly don’t buy the coins back. The collector coins trade in the secondary market.)

At the front end of the market, the government mint that produces the coins usually sells them to a few large distributors. The two-way market begins with these distributors, who then sell the bullion coins to a wider network of wholesalers, from whom retailers purchase the coins for sale to bullion coin investors and collectors.

Because the government is not an investment firm, the government does not buy the coins back from distributors. The tiered distribution system’s most important function is to provide the buy-back market that allows investors to perceive a market value for the pieces. However, while large distributors will buy back bullion coins, smaller distributors may be less able to do so, particularly in a rapidly shifting market.

Producers (mints) price the coins based on the value of the metal in the coins at the time of sale. The pricing also includes manufacture, storage, delivery and other costs, but is much closer to a coin’s actual cost than pricing for most collector coins.

World mints charge a premium of a varying percentage above these costs to generate a profit. The percentage of the premium is higher on smaller-sized coins because, per ounce, associated costs are higher. Making and packaging, for example, 10 tenth-ounce coins will cost more than the same for one 1-ounce coin.

Bullion coins are often sold in high finenesses, or with guaranteed silver content at 1-ounce or multiples or fractions of ounces, making the calculation of silver value a matter of simple mathematics. The coins are therefore easy to trade or liquidate, as owners merely need to multiply a “spot” price by a coin’s precious metal weight to arrive at its value at the time of a transaction.

The value of the measure of silver in historic U.S. coins sometimes bought and sold at prices related to their precious metal value is not as simply calculated. For example, one such piece, an average circulated Morgan silver dollar, contains .86 ounce of silver, not a nice round number.

The first world bullion coin

While the concept of silver bullion coins has been developed and expanded over the past 30 years, the idea of a silver bullion coin really originated with the Maria Theresa taler. The .8333 fine silver taler, measuring 39.5 millimeters in diameter, weighing 28.067 grams and carrying her portrait, was issued by more than a dozen mints before her death in 1780. The coin was so famous that restrikes are still struck today by the Austrian Mint with the 1780 date.




“The taler coin long has been accepted internationally, not only in Europe, but in areas of the world where a firm local coinage did not or does not exist,” according to the Coin World Almanac, 8th edition. “It is not the only coin that enjoyed wide acceptance, but it is by far the best known.”

Tuesday, June 14, 2016

After the Silver Price Rally Last Week, Watch These Three Factors

After the Silver Price Rally Last Week, Watch These Three Factors

As last week's silver price action demonstrated, the correlation between the dollar and metals market has been strange recently.

Remember, the downbeat jobs report tanked the dollar and boosted silver prices two weeks ago.

And that silver strength continued to follow through in the first half of last trading week.

Then, something bizarre happened. As the U.S. Dollar Index (DXY) regained some strength, the silver price continued to rise. We already know that precious metals tend to move inversely to the dollar, but there are times when the trend doesn't hold.

In fact, there have been multiyear periods when the two move in the same direction.

Despite the rising dollar, silver's recent strength has taken the metal's price back above $17.

Today, I'm going to look at three recent and upcoming events and what they mean for the price of silver in the near term.

First, let's look at last week's strange – and strong – silver price performance…
Why the Silver Price Gained Nearly 6% Last Week

After finishing the previous week strong, silver prices kicked off last week on a quiet note. The white metal opened at $16.39, but moved only slightly higher on the back of a weakening U.S. Dollar Index. By the close, the price of silver gained 0.6% to $16.45.

On Tuesday, June 7, the silver price saw a slight loss as the metal went into consolidation mode. Despite the DXY heading mostly lower, prices declined 0.7% to settle at $16.34.

But that set the stage for what came on Wednesday…

Silver prices marched above the $17 mark for the first time since May 18. By the end of the day, the metal posted a big 4% gain and closed at an even $17.

This coincided with a decline in the dollar…



Thursday saw more silver price strength. After falling below $17 in early morning trading, prices reversed, climbing 1.4% to close at $17.23 on the day.

Again, this happened despite the DXY rising from 93.50 to 94.

Once Friday, June 10, rolled around, the price of silver managed to post a modest gain of 0.3%. With that, the metal closed at $17.33 for a weekly gain of 5.9%.

And last week's rally was the result of these three events that will continue to shape the performance of silver prices in the near term…

The Three Factors That Will Influence the Silver Price in the Coming Weeks

The first factor is recent volatility in global markets.

Over the last five trading sessions, the S&P 500 and Dow Jones Industrial Average have fallen 0.1% and 0.3%, respectively. Meanwhile, Asian and European markets lost about 0.6% and 2.2% on Friday alone.

Given the action of both silver prices and the U.S. dollar over the last couple of trading days, I get the sense that investors are looking to the metal for its safety appeal. As stocks plunged globally, precious metals and the dollar rallied as traders flocked to safe havens.

Here's a recent chart for the price of silver…




On Friday, silver had returned to the 50-day moving average. Now, prices have clearly moved above that line, while both the relative strength index (RSI) and moving average convergence divergence (MACD) – both of which measure the strength of silver's price movements – have turned upwards. Those trends provide bullish support for silver prices.

This changes the near-term outlook, as the probability of further weakness is diminished. But I would not rule it out completely. Interestingly, gold and silver stocks saw a slight sell-off despite the metals prices moving up.

Of course, the market's looking forward to this week's FOMC meeting, which is the second event that will move silver prices. After the dismal May jobs report, the markets seem to think the Fed won't raise interest rates. I don't think they will, and these odds are probably priced in by now.

In fact, it wouldn't surprise me to see a weak silver price performance if the Fed decides not to hike rates. After all, it appears we're moving into a "buy the rumor, sell the news" scenario.

As for gold prices, I expect traders and investors will already be looking forward to the third macro issue – the Brexit vote on June 23. I think that will end with a small majority for Britain to remain in the EU. If that's the case, it could weigh on silver and gold as concerns dissipate.

But globally, I see more market uncertainty, which will be a great boon for both gold and silver prices.

Article written by PETER KRAUTH, Resource Specialist, Money Morning • June 13, 2016

Monty 2106 Saltwater Crocodile Carded Silver 1oz Coin RAM


The fourth crocodile to be featured in the annual Australian Saltwater Crocodiles series, a proud twelve-year collaboration with Australia Zoo. The Australia Zoo family has always seen another side to them with the Crocoseum providing the opportunity for visitors to discover their beautiful, graceful and playful qualities.
2016-One-Dollar-Silver-Frosted-Uncirculated-Coin-Monty-Carded-Australian-Saltwater-Crocodile-close-up
Monty is one of Australia Zoo’s star crocodiles, who has been treated and raised with love since he was captured in 1975. He has been nurtured over the years, and grown to an amazing 3.7 metres and 400 kilograms. As well as being a star attraction to many Zoo visitors, he also starred alongside Steve and Terri Irwin in the 2002 film The Crocodile Hunter
2016-One-Dollar-Silver-Frosted-Uncirculated-Coin-Monty-Carded-Australian-Saltwater-Crocodile-reverse
SPECIFICATIONS:
Denomination
Metal
Diameter
Mass
Finish
Mintage
$1
99.9% Ag
40.00mm
1oz
Frosted Uncirculated
5000
#Silver #AustraliaSilver #RAM #RAMSILVER #SilverCoins #Coin #Proof #SilverBullion

Monday, March 28, 2016

It is Silver With The Biggest Upside Potential in 2016 & Beyond

Silver is likely to continue its uptrend in 2016 in beyond with a number of key factors working in the white metals favour



All Time High of $50.00



In March 2011, Silver reached levels close to $50.00 for the first time since 1979 when the hunt brothers cornered the physical silver bullion market.  Today's price being $15.30 more than 300% away from this level and hence a long way off the recent high. The 10 year low is around $10 meaning just a 65% fall in the price would retest these levels.

There looks to be substantial upside price potential, firstly its association with gold means it could run based on it being a monetary metal, or due to heavy industrial usage, new technology patient applications on a mass scale or a combination of investment, medicine, technology and industrial, & jewelry usage making silver a heavily demanded metal due to so many of its properties being both sought after and uncommon in the metal world.

Gold to Silver Ratio


There is a significant upside for the Silver which got as low as 32:1 in 2010, currently in 2016 we are at a 10 year high in the Gold to Silver ratio which historically is also near the highest recorded at 80:1. Silver has a massive potential to increase in this ratio during 2016 and over the course of this precious metals bull run. 



Gold to Silver Mining Ratio 

Typically, 10 ounces of silver are actually mined for every 1 ounce of gold mined. On an annual basis, roughly 900 million ounces of silver are mined overall compared with just 90 million ounces of gold, however potentially The below ground ratio of silver to gold has been estimated at 17 to 1.

The ratio of investment grade gold existing in bullion form is as much as five times that available for silver.

ll the gold ever mined has been estimated at 160,000- 170,000 tons of gold or roughly 5 billion Troy Ounces. A reasonable estimate for the total amount of silver mined is 56 billion Troy Ounces. This makes the “ever mined” ratio roughly 11.2 to 1.

Gold to Silver Historical Ratio *

In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1,

The Gold to Silver spot price ratio is now at around 80:1 so historically way above the 1700's, 1800's and 20th century ratios, and given the amount of silver consumed vs gold it seems certain the ratio will come back to resemble earlier times in our history.

Silver is More affordable

As its around 80:1 vs Gold, it is far more affordable to the average person, this alone will be a big volume demand driver as popularity as an investment or any new high usage application such as Solar Panels or Catalytic converters, Silver supply could easily get overwhelmed with any kind or new or significant demand increase.

The Commodities Cycle

Commodities prices have had a rough time of it the last 18 months with many base metals recently bouncing off 10 year lows, this has caused many producers to move into care and maintenance and discontinue operations such as nickel and iron ore mines, as the majority of silver is produced as a by-product from these operations necessarily the supply side of silver had been reduced, this should go a long way to driving the price up as the supply side reduction will mean a higher price point in the futures market as producers out-bid each-other to ensure supply of the essential element.

Joseph Gale

Silver to Gold Ratio Charts - https://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html

#Silver #SilverNews #SilverGold #1for1 #Galeforcesales #SilverInvestment

* Historical Ratio Data - https://en.wikipedia.org/wiki/Silver_as_an_investment

Gold and Silver Supply Data - http://www.silver-coin-investor.com/Gold-and-Silver-Supply-Will-the-Real-Ratio-Step-Forward.html

Five Years That Changed Silver Forever



Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets.



What you will not hear is how a specific development has transpired over the past five years that ensures a coming explosion in the future price of silver beyond the most bullish predictions and optimistic upside targets. You’re also not likely to hear that the stunning decline in the price of silver over the past five years was a deliberate feature of an unusually bullish development that promises to change forever the future price landscape.

While I have closely researched the silver market for more than 30 years, uncovering more original findings (including silver’s price manipulation) than anyone, I fully admit that I did not immediately see the monumental change that began to occur five years ago. This astonishing development that had begun in 2011 did not come clear to me until late 2013.

I discovered that the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver starting in 2011 and has continued that accumulation to this day. All told, I believe JPMorgan has acquired somewhere between 400 and 500 million ounces, the largest privately held stockpile of silver in history.

What this means is that the future price of silver is now destined to move far higher in price than anyone can imagine. I wasn’t looking for something to come along that would supersede my already ultra-bullish outlook on silver, but that is what occurred. That’s because the obvious motive JPMorgan has whenever it acquires a large investment position is to profit on that position to the greatest degree possible. And since JPMorgan is now in position to profit enormously when silver prices soar, that means anyone holding silver will profit as well.

How did JPMorgan come to acquire hundreds of millions of ounces of physical silver? It was a circuitous route, beginning in the financial crisis of 2008 when JPMorgan took over a failing Bear Stearns, then the largest short seller in COMEX gold and silver futures contracts. JPMorgan stepped smoothly into Bear Stearns’ role as the main silver and gold price manipulator and proceeded to drive the price of silver from $21 in March 2008 to under $9 through massive short sales on the COMEX. In the years that followed, JPMorgan continued its new role as the largest short seller in COMEX silver and reaped billions of dollars in ongoing profits by shorting silver on price rallies and buying back those short positions after it rigged the prices lower.

With manipulative intent and practice, JPMorgan continued to make illicit profits on the short side of COMEX silver until late 2010. Then a developing physical shortage in silver drove prices to almost $50 by the end of April 2011. JPMorgan was not prepared for the developing physical shortage and the price run up nearly crippled the bank. That’s when it dawned on JPM that it was on the wrong side (the short side) of silver and the bank resolved to get on the right side – the long side. But first, JPMorgan had to get off the short side.

JPM did this by causing silver futures prices to plummet with the full consent of the COMEX and government regulators at the CFTC, a process that has continued to this day. JPM regained control of silver prices on May 1, 2011 and by driving prices sharply lower killed off the developing investment demand that was causing the physical shortage. But while JPMorgan regained control of silver prices on the COMEX, it could not buy as many futures contracts as it desired without causing prices to soar – it needed another angle. That other angle was for the bank to begin to buy physical silver while it continued to sell short COMEX paper futures contracts. This way, JPMorgan could have its cake and eat it too – continuing to profit on paper short sales while acquiring physical silver at the depressed prices it had created. I labeled JPMorgan’s actions as the perfect crime in a public article in December 2014.

JPMorgan behaved illegally in manipulating prices lower while accumulating all the physical silver it could. However, there is no limitation on what any entity can hold in a physical commodity position. Limitations exist (loosely enforced) on what traders can hold in futures and other derivatives, but no such limitations apply to physical positions. This cleared the way for JPMorgan to hold as much physical silver as it could. Since the price of COMEX silver determines the price for silver throughout the world, this put JPMorgan in the catbird’s seat, by enabling it to depress the COMEX price and then scooping up physical silver in prodigious quantities and at ridiculously depressed prices.

As far as the forms of physical silver that JPMorgan has acquired over the past five years, the simple answer is in any form that could be acquired in size. Most of the silver that JPMorgan acquired was in the form of 1,000 ounce bars, the industry standard for silver and the kind deliverable on COMEX futures and held in the worlds silver ETFs and other investment vehicles. JPMorgan has secured hundreds of millions of ounces from the big silver ETF, SLV, and in deliveries against COMEX futures contracts, some of it held in JPM’s own COMEX warehouse, which opened for business in May 2011 and is now the largest COMEX silver warehouse (confirming my timeline). Their warehouse now holds 70 million ounces and is their most visible holding. Harder to see is the 100 million ounces they likely have in their London warehouse where they moved out 100 million ounces of other people’s silver to make room for their own in 2012.

But JPMorgan has also bought silver in the form of American Silver Eagles and Canadian Maple Leafs to the tune of 150 million ounces over the past five years, quickly re-melting the coins into 1,000 ounces bars because it would be impossible to sell so many coins in coin form. In fact, the curious riddle of record sales of Silver Eagles and Maple Leafs over the past five years coupled with bona fide reports of weak retail sales of these coins was an important clue that someone big was buying many of the coins, roughly 50% of all such coins sold.

When I say I wasn’t looking to uncover the most bullish development ever in silver that is an understatement. But as an analyst, I look to the data first and foremost. Not only has that data tipped me off to what JPMorgan has been up to, the continuing flow of public data confirm my conclusion daily. Everything from COMEX silver warehouse movement, deliveries against futures contracts, changes in the big silver ETF, SLV, sales of silver coins from the U.S. and Royal Canadian Mints point to the massive accumulation of silver by JPMorgan. They are positioned to make $100 billion or more in a runaway silver market. They will make $1 billion on a $2 rise in silver.

The very last thing I would be interested in at this stage of my life, is to come up with some wacky premise that threatened to undermine many of my previous findings. I studiously avoid anything that would damage a reputation I have spent decades constructing. On the other hand, if I have discovered the most shockingly bullish silver development ever, how could I not proclaim it far and wide?

I have discovered that JPMorgan has accumulated more physical silver than any private entity in history and I don’t care if great numbers of observers come to agree with me or not. I will openly discuss this with anyone who has questions, but most importantly I would remind you that if I am correct in my assertion anyone who aligns themselves with what JPMorgan has done and buys silver will most likely reap financial rewards of truly amazing proportion.

Source: Ted Butler -March 24, 2016, For subscription info please go to www.butlerresearch.com

#Silver #SilverNews #SilverInvestment #Bullion #GoldSilver #Gold #1for1 #TedButler #JosephGale

Wednesday, March 9, 2016

Silver Polishes Up As Alternative Safe Haven to Gold



Silver, or poor man's gold as it is known, is largely overlooked as a safe haven asset, but it is now hitting a purple patch and attracting investors.


"Silver right now is really undervalued," said management consultant and investor, Tung Nguyen.

"If you look at the long term historical trends, at the value between gold and silver, the research I did it normally tracks between 30 and 60 and now it's in the 80s. So silver right now is a bargain."

Eighteen months ago Mr Nguyen liquidated all his assets and, after reading dozens of books, invested more than half his money into gold and silver.

As a first generation Vietnamese immigrant, Tung Nguyen said financial security is important to his family.

"We were really worried about where the economy was heading," said Mr Nguyen.

"We felt that Australia was really heavily exposed to China, which is slowing down, and what that meant was the share prices and the property prices would have to come down.

"And so I was trying to find something that would provide us with a bit of a hedge in case those asset classes came down."

Tung Nguyen buys his silver and gold bars at ABC Bullion.

The company's chief economist Jordan Eliseo said demand from retail investors - particularly self-managed super funds - is enjoying a big upswing.

"We have seen precious metal turnover go up by a factor of six since the GFC (global financial crisis)," he said.

"In terms of dollar values sold very much around 50:50 around gold and silver - both assets are increasingly popular amongst investors looking for a safe haven asset in their portfolios."

Silver Price Resurgence

After dragging along at $US4 or $US5 an ounce through most of the 1990s, silver hit highs of almost $US49 in 2011.

Like gold, it then went on a general slide downwards, until this year. It has now bounced back up to $US15.60.

Brokers use the spot price to buy on behalf of retailers, but a benchmark price on the London Bullion Market - set by an electronic auction mechanism - is used by large traders, such as miners and jewellers, to settle silver products and derivatives contracts.

It was thrown into disarray in January when the benchmark price was set far below the spot and futures price, leading participants to claim the system is broken.

"The problem with the setting of prices in London is that there's not the depth of market makers there," said BetaShares chief economist David Bassanese.

"So you've had the price formally set on occasion falling well outside the range on futures markets for example."

Most of the purchases come from industrial fabricators, where global annual demand is 600 million ounces of silver.

Silver is used in electronics, including mobile phones, in the solar industry, and for producing plastics and detergents.

"Industrial demand has stayed incredibly strong because of silver's qualities as a metal, and businesses finding applications they can utilise silver in." said Mr Eliseo.

"Prices have risen, but it is such a small component they haven't rushed to find replacement metals, unlike gold which is almost exclusively a monetary metal and used for investment purposes.

"Silver will be wearing that industrial and monetary metal status for many years to come."

Tung Nguyen certainly hopes so as he is holding on to his stockpiles for now.

"Extremely happy," he said. "My son's also an investor, he's 14 years old and he's sitting on a small stockpile of silver as well."

A long play for such a young investor.


KEYWORDS - silver, silver news, silver price, silver investment, silver gold, silver bullion, silver coins, silver investment news

Sunday, March 6, 2016

Snap Silver Up - This is when Weak and Impatient Hands Sell Down

Exactly like gold and great materials stocks, Silver (and gold) has been range-bound for so long now there is a segment of the physical silver (and gold) stacker community that are taking this opportunity to exit or to sell down and take (very small) profits.

Snap Silver Up -This is when Weak and Impatient Hands Sell Down

This is to be expected and cited commonly as weak hands being shaken off the bull.. a great metaphor! This has the impact of keeping Silver range-bound or trading only temporarily at these levels as more silver enters the market capping the price.. once these weak hands have sold off into strong hands and silver is locked away deep in a vault we will move up to higher levels again.. great opportunity to hold and make really nice profits or increase equity.

Silver Price - sustained move to the upside in 2016, Will in Continue?

Silver has been on the rise during 2016 and given last year a similar trend played out before capitulating many are taking this opportunity to sell down as there is always a chance this will again be the case and taking profit is a favourable in a market where many commodities near the bottom of a 10 year price spectrum.

For those accumulating at the moment.. bargains abound as physical silver is plentiful for the time being and you will be unlikely to secure silver so close to spot in the future as people will be increasingly reluctant to part with there best performing asset, also as news of Silver  potent recovery spreads market participation will increase with additional demand only increasing silvers price - As the great Peter Schiff says.. "Don't Look a Gift Horse in the Mouth"

The Silver to Gold ratio is trading near its all time high (currently 80 Ounces of Silver for 1 Ounce of Gold) so i would expect Silver to reverse and starting reducing the ration back towards 20:1 - We will likely see a retest of $50 US before this bull run plays out.

By Joseph Gale

silver, physical silver, silver gold, silver stackers, silver gold bullion, silver bullion, silver coins, silver stackers, silver news, silver investment

Monday, February 29, 2016

Perth Mint 10 Kg 2016 Lunar Monkey Silver Coin

The Perth Mint announced that it will soon be selling its 2016 Year of the Monkey 10 Kilo Silver Coin on a mint-to-order basis.
Perth-Mint-To-Release-10-Kg-Lunar-Monkey-Silver-Coin-australia-silver
The Mint’s Web site notes that this item has a maximum mintage of 150 pieces.
2016-Perth-Mint-10-Kg-Lunar-Monkey-Silver-Coin
2016-Perth-Mint-10-Kg-Lunar-Monkey-Silver-Coin-reverseThe reverse image depicts two monkeys sitting in a peach tree; peaches are a traditional symbol of longevity and immortality. Inscribed near the rim of the coin are the Chinese character for ‘monkey’ and YEAR OF THE MONKEY, along with the Perth Mint’s ‘P’ mintmark.
The obverse features Ian Rank-Broadley’s portrait of Queen Elizabeth II, with the inscriptions ELIZABETH II, AUSTRALIA, 10 KG 999 SILVER, 2016, and the denomination of 300 DOLLARS.
The Year of the Monkey alludes to 2016’s place in a twelve-year lunar cycle according to Chinese astrology. The Year of the Monkey pertains to those whose year of birth includes 1956, 1968, 1980, 1992, 2004, and, of course, 2016. People born in the Year of the Monkey are said to be intelligent, optimistic, and ambitious, according to a Mint press release.
The 2016 Year of the Monkey 10 Kilo Silver Coin will be available from the Perth Mint’s authorized bullion distributors – To purchase this coin visit the Perth Mint Bullion Program

Titanium Great White Shark Coin Available From the Pobjoy Mint

The Pobjoy Mint’s newest colorful titanium coin, issued on behalf of the British Virgin Islands government, features the powerful great white shark. In addition to the turquoise titanium $5 coin, an Uncirculated copper-nickel dollar and a Proof .925 fine silver $5 coin with the design are also available. 
The Great White Shark is getting the Titanium treatment from the Pobjoy Mint.
The great white shark (Carcharodon carcharias) is a species of large shark that can be found in the coastal waters of all the major oceans. Great white sharks are estimated to live as long as 70 years or more. The great white shark has no natural predators other than the orca and is one of the primary predators of marine mammals.
A great white has a white underside and a gray dorsal area. This coloration makes the shark difficult for prey to spot, because it breaks up the shark’s outline when seen from the side. From above, the darker shade blends with the sea, and from below, the shark’s silhouette against the sunlight is minimized.
The reverse of the coins shows an underwater scene with a central image of a great white shark. The obverses carry an effigy of Queen Elizabeth II exclusive to the Pobjoy Mint. 
Titanium is exceptionally difficult to strike and, because of the way the colored titanium reacts when striking, no titanium coin is exactly like another. A lined effect also present on the coins is unique to this metal.
COIN SPECIFICATIONS:
  • PURITY - .990 Fine Titanium
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Also Available are Copper Nickel and Silver Proof Versions - The Uncirculated copper-nickel dollar and Proof silver $10 coin each weigh 28.28 grams and measure 38.6 millimeters in diameter. The $1 coin has unlimited mintage and retails for $16.95. The $10 coin is limited to a mintage of 10,000 pieces and retails for $65.

Saturday, February 27, 2016

Aggressive Silver Capping Continues

At some point, the question becomes "why". With gold now up 17% year-to-date, silver is up just half that amount at 9.5%. And yet, the latest CoT report shows the highest silver Commercial net short position since 2008. Again, why? Why now?

Why are The Banks shorting Silver so aggressively?
That's truly the $64MM question. Why are The Silver Banks shorting so aggressively here? What's the difference in holding price below $16 versus $18 or $20? We'll get a look at the latest CoT data tomorrow but, for now, consider this:
There was a CoT survey taken on Tuesday, December 29, 2015. The closing price of silver that day was $13.93. The data showed that the Silver Commercial NET short position was just under 30,000 contracts as they were long 52,149 contracts and short 82,027.
The most recent CoT data released last Friday was surveyed back on Tuesday, February 16. That day, silver closed at $15.33. Versus December 29, price had risen by $1.40 or almost exactly 10%. And how had the Silver Commercial NET short position changed? They were now long 44,638 contracts and short 114,700 for a NET short position of 70,062 contracts. Again, this is the largest Silver Commercial NET short position since 2008.
Additionally, look at what has transpired in the six days since that last CoT survey. Total Comex silver open interest has risen by another 7,000 contracts, which very likely increases the Silver Commercial NET short position to over 75,000 contracts...all the while, price has actually fallen by 4¢.
Therefore, it isn't very difficult  to predict what's likely to come next. A price raid. Do you recall this chart from last October?

Or how about this chart from last Friday?


Therefore, it isn't very difficult  to predict what's likely to come next. A price raid. Do you recall this chart from last October?
It is abundantly clear that JPM and their fellow Big Shorts on the Comex are intent upon attempting to enforce lower prices. Otherwise, why would they be so adamant about selling into and capping every attempted rally? And this latest capping effort is the most egregious yet! It's perfectly fine for any entity, Commercial or Spec, to liquidate longs into an ongoing rally and, as noted above, the Silver Commercials have dumped nearly 7,500 contracts so far in 2016. However, what is definitely NOT fine is to allow the unlimited creation of paper silver in order to meet Speculator paper demand.
Again, note that the Silver Commercial gross short position back in late December was 82,027 contracts. That's a contractual obligation to deliver up to 410MM ounces of silver if called upon to do so. As of last Tuesday February 16, the Silver Commercial gross short position had grown to 114,700 contracts or 573MM ounces of silver. That's 60% of all the silver the world will mine in 2016!
So the questions must be asked again:
  1. Where would price be today if the Silver Commercials had not sold and shorted so many contracts into this 2016 rally?
  2. And if the buyer/seller equilibrium price was $18 instead of $15, what would be the difference?
  3. And why are the Commercials so intent upon capping silver? Over the same time period, gold has risen 17% but the Gold Commercial NET short position remains below levels seen at price peaks in 2014 and 2015.



So, we'll have to see what happens next. Logic dictates that a price raid is coming that will allow the Commercials to buy back and cover some of their short position while the Specs stream for the exits. But then what? The chart above shows an increasingly untenable position for JPM and their friends. Paper price seems to have been driven as artificially low as possible, thus the effort made to hold it back is increasing. And we haven't even mentioned the gold:silver ratio!
What's the best strategy for dealing with all of this? For me, it's the continued, gradual stacking of physical silver. Predicting the precise date of the failure of the silver manipulation scheme is a fool's errand. But, fail it will, just as all price manipulations before it have similarly failed. And, WHEN it fails, the events will be spectacular to behold.
SOURCE - Written by Craig Hemke