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Real World Support For Silver Prices

By Osman Gulseven:

By Dr. Osman Gulseven

The April 2013 crash of gold (GLD) and silver (SLV) prices triggered a wave of panic across the globe. As large institutional investors dumped holdings in gold ETFs, prices for both precious metals spiraled downward. Even bullish gold fanatics were forced to dissolve long-term positions due to margin calls and stop-loss orders coming into play.

Silver, with its affinity to gold prices, also saw its prices tumble down over the same period. The white metal had already entered a bear market in early April when prices reached 27.47 an ounce. By the time gold prices had crashed, silver dropped almost 40% to the $22 mark from its 2012 high. On the other hand, gold fell roughly 20% from its October 2012 peak, signaling perilous times ahead for the two commodities.

Those still holding onto gold and silver assets, including government reserves worldwide, saw

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Silver: Is This The 'Last' Decline?

By Avi Gilburt:

In short, probably not. And, it still seems that the low for this decline has not yet been hit either, but we are very close.

But, that does not preclude us from seeing a sizable rally about to take hold in the near term, after we do hit our bottom around the corner. Yes, you heard me right. I am expecting a rally that can take us as high as the 26-27 region, still. But, the question will be if it is a rally which will be the start of the rally to new all-time highs, or simply a corrective rally setting up a final short trade into the final bottom sometime late this summer or early fall. At this time, I lean strongly towards the latter.

Last week, I noted that the potential existed for the market to head to the 26 region sooner rather than later. Clearly, when

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Gold: A Little Lower, And Then A Rally

By Avi Gilburt:

Many have been quite surprised by the demand for gold in India of late. In fact, gold and silver imports into India in April more than doubled the amount from a year earlier. So, why did gold fall this past week?

Well, in very simple terms, sentiment is not yet ripe for the rally to take hold, but we are getting much, much closer. However, I am still unconvinced that it will be more than a corrective rally, as my primary expectation of a bottom sometime in the summer or fall.

As I discussed in my most recent silver article, it seems that many are now coming to the realization that QE will not drive metals prices higher. In my silver article, I pointed towards John Wagner's recent gold article noting the same. But also explained why I feel that most market participants inappropriately look towards the fundamental factors they

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It's Official: Gold Is Now The Most Hated Asset Class

By Pater Tenebrarum:

Full Court Press

Not a day passes without the financial media denouncing gold as an investment option and hailing the bureaucrats heading the world's monopolist monetary central planning agencies as superheroes. It began prior to gold's recent breakdown, with widely cited bearish reports on gold published by Credit Suisse and Goldman Sachs, among others. Never mind that most of their arguments were easily unmasked as spurious. It should be no wonder, though: gold's rise was the most conspicuous evidence of faith in central banking being slowly but surely undermined. The banking cartel relies on the fiat money system remaining intact; the legal privilege of fractional reserve banking provides it with what is an essentially fraudulent profit center unparalleled by any other in the world (fraudulent in terms of traditional legal principles, but not in terms of the current law, of course). Not surprisingly, ever since the completely unrestrained fiat

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Gold Is Not Lower Because Of A Higher Dollar

By George Kesarios:

A new theory has emerged as an explanation for the big correction in gold and sliver.

The gold and silver crowd want everyone to believe that it's not gold's fault that it is falling, but the dollar's fault because it's rising. According to those who believe the dollar will go to zero, that's not suppose to be happening. I mean, the more the fed prints, the more the dollar is suppose to be debased right? Well that has not been happening.

Putting aside the issue if the dollar is being debased or not, the issue at hand is gold's correction. I have given many reasons in past articles for gold's correction (here, here and here), but the purpose of this article is not to tell you about gold's slide.

The purpose of this article is to prove that the dollar's appreciation -- against most currencies as

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What's Bad For Gold Is Good For Stocks

By Calafia Beach Pundit:
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Silver Demand Remains Exceptionally Strong

ByChristopher F. Davis:

The recent major sell-offs in silver have given (SLV) investors an excellent chance to accumulate a long-term position in physical holdings and silver companies. As the price has come down I have been recommending for some time to dollar cost average and/or pyramid down into silver and silver equities. So what is the path to a surge in silver prices? My primary thesis, much of which is laid out in the background section here, is that the endless easy money policies from central banks around the globe have created a long-term tailwind for the various precious metals. Despite the short-term pressure on the metals, the Federal Reserve's continued accommodative and dovish policies should create a weaker dollar in the long run, inflation and in turn, bolster the prices of gold and silver. This thesis rests on silver being treated as a precious metal. Precious metals hold value and increase

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Digging Into The First Quarter Gold Demand Report

By Vladimir Zernov:

The World Gold Council has recently published its first quarter report on gold demand trends. Gold (GLD) is trading under $1450 once again. The report gives us a chance to see what's happening in the real world.

Here's the one single most important takeaway from the report: the overall gold demand was down 13% in the first quarter. The sole reason for this was the outflow from ETFs. Without this outflow, the demand growth would have been positive. Now, it's time to get into more detail.

Gold demand comes from jewelry and technology needs, as well as from investment and central bank purchases. Jewelry demand has grown 12% year-over-year. Countries responsible for the growth were China, India and the U.S. While China's most recent GDP numbers have disappointed investors, it's important to remember that the country is growing at high rates. More and more people in the world's most

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Japanese Rates Influencing Gold

By Chris Ridder:

A few days ago a Seeking Alpha article, "4 Scary Charts Warning Of The Next Financial Crisis" provided analysis of the Japanese debt situation. Its concluding recommendation:

If the crisis I foresee unfolds it could make 2008 look like a blip. If such an event occurs, investors should prepare to diversify across a range of assets, such as short-term US Treasuries (SHY), gold (GLD) and US dollars (UUP).

The difficulty I have with this recommendation is with GLD currently. This is because since the beginning of the year Japanese rates and gold, as shown by the GLD exchange traded fund, have been negatively correlated (except for the 7 day lag).

(click to enlarge)

Specifically this is the Japanese Government Bond (JGB) 10 Year rate daily change compared to the daily change of GLD. Here is a graph of the levels:

(click to enlarge)

One can see the

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The Sell-Off In Gold Has Become Plain Silly

By Dave Kranzler:

It's obvious that a great many people all over the world have been adding to their physical gold and silver positions or taking positions for the first time. This really is an incredible battle that is taking place right now between the physical market and the paper market in both gold and silver. - Trade/market analyst, Dan Norcini on King World News

Currently, I don't think it's possible for the media reporting and investor sentiment to get any more negative toward gold. But quite frankly, given the extreme negative sentiment, in addition to the numerous other contrarian indicators I've outlined in previous articles, I have never in my life seen a market set up technically for a big bull move as gold/silver and the mining stocks are now.

When I woke up this morning, I turned on Bloomberg News to catch the news headlines and see where the futures were

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Will Silver And Silver Wheaton Keep Falling?

By Lior Cohen:

Silver Wheaton Corp. (SLW) hasn't performed well in recent weeks in the stock market as its shares declined. The price of silver also fell in recent weeks. Silver Wheaton's publication of the first quarter financial report showed growth in revenues. Conversely, its operating profitability slipped on account of the rise in gold sales. Will Silver Wheaton's stock continue to trade down? Will silver bounce back any time soon? Let's analyze the latest developments related to the silver market.

During May, shares of Silver Wheaton fell by 8%. In comparison, the price of silver declined by 6.2%. iShares Silver Trust (SLV) fell by 6.4%. Conversely, the stock market continued to recover as the S&P500 index increased by 3.1% during May (up to date).

So what's new at Silver Wheaton?

First Quarter Financial Reports

Silver Wheaton published its first quarter financial reports for 2013 at the end of last

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