The Amazing Amount Of Leverage In The Silver Market

While many precious metals investors realize the massive amount of paper trading leverage taking place in the gold market, they should see what is going on in the silver market. In a previous article, I provided data showing that an amazing $ 9.8 trillion of notional gold paper trading took place on the world’s exchanges in 2016 versus $ 42 billion in actual physical gold investment. This was a paper to physical ratio of 233 to 1. However, the amount of paper trading leverage in the silver market is much higher than that. But, before I get into the specifics […]

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Mining Stocks Rebound; Craig Hemke: Silver Manipulation Like NEVER Before

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up you’ll hear a tremendous interview with Craig Hemke of the TF Metals Report. Craig pulls no punches in calling out the foolish speculators who inadvertently perpetuated the silver price manipulating schemes by continuing to make bad bet after bad bet in the futures market. He’ll explain what’s been happening and what it will take to bring the whole flawed price discovery mechanism down. You simply will not want to miss a truly fantastic interview with Craig Hemke, coming up after this week’s market update. Despite a rough several […]

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Silver Price Much Higher As Dow Jones-Silver Ratio Falls

Just like the current market frenzy pushing Bitcoin to new all-time highs, the same sort of buying mania will also push the silver price to new highs. Even though the silver price and precious metals sentiment have fallen considerably, the market has no clue just how undervalued the shinny metal truly is. Very few investors realize that the Dow Jones-Silver ratio back in 1981 was 50/1. Which means, 50 ounces of silver would buy the Dow Jones Index 46 years ago. Today, the Dow Jones-Silver ratio is trading above a staggering 1,200/1. Thus, it takes 1,200 ounces of silver to […]

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London Silver Fix Is In Trouble

The London Bullion Market Association (LBMA) is struggling to find new operators to manage the daily silver “fix” price. Thompson-Reuters and the CME Group – which operate the COMEX exchange – are withdrawing from their role in establishing the daily benchmark price. The process these firms manage was set up in recent years to replace the antiquated and corruption-prone system by which insiders formerly set the daily silver price. A handful of bankers used to agree on the price during a private conference call held each day. When damning evidence emerged that bankers often cheated by setting prices to their […]

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Short Position on Silver Prices; George Leef on Sound Money

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Coming up we’ll dive into a disturbing topic of just how far our nation has strayed from the Founding Fathers’ ideals when comes to sound money – with devastating effects on our freedoms and the economy. In my exclusive interview with George Leef of Forbes Magazine, you’ll also learn about the growing movement to restore gold and silver back into the monetary system. Don’t miss my conversation with George Leef, coming up after this week’s market update. A busy news week in Washington gave investors cause for both hope and […]

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Global Silver Mining Industry Productivity Falls; Lowest in History

After the Primary Silver Mining Industry enjoyed a brief increase in productivity over the past two years, it fell to the lowest ever in 2016. The reason the primary silver mining industry’saverage yield increased in 2014 was due to the addition of Tahoe Resources high-grade Escobal Silver Mine. Tahoe’s Escobal Silver Mine’s average yield in 2014 was an astonishing 16.3 ounce per ton (oz/t). Not only did Escobal Mine enjoy one the highest silver yields in the world, it produced over 20 million oz (Moz) in 2014. Thus, the addition of Tahoe to the Top Silver Miners pushed their average […]

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Decline in Peru’s Silver Production, Future Supply at Risk?

The Peru Ministry of Energy and Mining just released their silver production data for February, and it was a whopper to the downside. Actually, I was quite surprised to see how much Peru’s silver production declined versus the same month last year. Also, Peru’s gold February production took a similar big hit. According to the Peru Ministry of Energy and Mining data, the country’s silver production fell 12% to 323.1 metric tons (mt) this February versus 367.4 mt the same month last year: This is a 44 mt decline in one month, nearly 1.5 million oz lost. Here is the […]

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The Record Year for Imported Silver

How many precious metals investors know the year the United States imported a record amount of silver? This figure is so great, there is no other single year in U.S. history that comes anywhere close to this amount. Even more impressive than that, it turns out to be more than double the global annual mine supply that year. It is such an unbelievable amount, its record has never been surpassed to this day. Actually, I was quite surprised by the data when I was researching through some old official records. Even though the United States currently imports a lot of […]

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Low Gold and Silver Premiums Beckon, but Be Careful…

Holding some physical gold and silver has been a good idea for a few thousand years. That never changes. However, some moments are better than others when it comes to picking an entry point. Now may be one of those auspicious times. Plentiful inventory and soft demand have pushed premiums for bullion products to their lowest levels in years. U.S. 90% silver coins minted before 1965 – aka “junk silver” – can now be had for less than $ 1/oz over the spot price. Pre-1933 U.S. gold coins have also fallen dramatically in price. Mints, refiners, and dealers are cutting […]

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Gold and Silver Are Like a Blue-Ringed Octopus…

The primary investing emotion “twin dragons” are fear and greed. Greed, a powerful motivator, can turn on a dime and change into fear – of loss or even fear of missing out. Most people start by watching a market rise, afraid to risk taking a position. After the uptrend has become well-established, the “Lookie Lou’s” finally go into action. Having been “short-term bearish,” they “get long” or go “all in,” “backing up the truck.” Sure enough – soon thereafter the price plunges. What they initially viewed as just “a correction” may turn into a long-term top. Either way, the fear […]

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