Gold fell all the way to $926.45 after the release of this morning’s jobs report before it rebounded back higher into the close, but it still ended with a loss of 1.09%. Silver dropped to as low as $13.29 before it also rebounded, but it still ended with a loss of 2.48%. Read the Closing Report
When the words “precious metals” are spoken, gold is usually what comes to mind first. And in the universe of PM stocks it is indeed gold that most miners are after. The vast majority of PM mining companies explore for and ultimately seek to find the Ancient Metal of Kings. But gold is not the only precious metal. Full Story
The following is an excerpt from the March issue of The Morgan Report. This followed a lengthy discussion of how silver and gold both performed during inflationary and deflationary periods. Most of what I wrote was based upon the work of Roy Jastram and his work on Silver the Restless Metal and the Golden Constant. Full Story
Mark at Northwest Territorial Mint suggests that instead of me always yammering about buying “gold, silver and oil”, maybe I should switch to “silver, gold and oil”, which he deems “might even merit an exclamation point” since silver should precede gold in the lineup since silver is probably the most astoundingly under-priced element on the face of the planet! Full Story
So far, out of 80,000 readers, nobody has asked me when the housing collapse will end. Funny. I might be regarded as knowing something about that, since I called it in advance, well before the peak, 5 years ago. Full Story
What is a silver indexed bond and how does it work? Quite simply, a silver indexed bond is like a normal bond that is bought for an initial sum (the principal or capital) and interest is paid on it until a maturity date. Where it differs from a normal bond is the option which allows the bearer to convert the bond into an agreed amount of silver or the cash equivalent if certain conditions prevail. Full Story
This is an important report. It is likely that its recommendations will be implemented. The Subcommittee found that the CFTC failed to uphold commodity law, by allowing large index traders to hold long positions in wheat well above the proscribed speculative position limits of 6,500 contracts. Full Story
The following is an excerpt from the June issue of The Morgan Report. Although I recently wrote about the silver as money issue, many precious metals investors are rather under informed about some aspects of the silver market. Our readers have been kept up to date about the thrust for getting Mexico and other Latin countries to use silver along with their paper currencies. Full Story
David Morgan, whose interest in silver dates to the tender age of 11, returns to The Gold Report today to discuss the latest buzz about his favorite subject. One of the world's leading authorities on silver as a commodity, an investment, a safe haven and an increasingly important manufacturing metal, he expects this year's stronger-than-anticipated late spring climb to lose momentum before the end of the month. Full Story
This article comes as a result of recent conversations with my friend and mentor Izzy Friedman. Our discussions on silver go back decades, to the mid-1980’s. Some may marvel at how two grown men can debate such an apparent narrow issue on almost a daily basis for 25 years. What could we possibly find new to talk about? The truth is that not only do we find new things, the debate oftentimes becomes quite heated. Why this intense continued interest in this metal? Full Story
Things look like they are moving to some kind of resolution on where silver is headed. The main bellwether for where silver goes is not gold but the US Dollar. The two charts below of the US Dollar Index and silver for the same time periods show how these two asset classes are moving in opposite directions. First silver which has dropped about 15% in 19 days. Full Story
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