December 15: Gold and Silver Gain Roughly 1% on the Week

17 hours 13 min ago

Gold gained $8.90 to $1261.90 by a little after 8AM EST before it dropped back to $1253.50 by late morning, but it then edged back higher into the close and ended with a gain of 0.22%. Silver rose to as high as $16.08 and ended with a gain of 0.88%.

New EW Silver Discovery

March 27: Gold Gains and Silver Rises 2%

Gold gained $13.10 to $1261.00 in midmorning New York trade before it chopped back to $1252.80 in the next couple of hours, but it then bounced back higher in afternoon trade and ended with a gain of 0.59%. Silver surged to as high as $18.126 and ended with a gain of 2.03%.

March 28: Gold and Silver End Mixed While Stocks Bounce Back

Gold fell $4.10 to $1251.20 in Asia before it bounced back to $1258.20 in midmorning New York trade, but it then fell to a new session low of $1247.70 in afternoon trade and ended with a loss of 0.39%. Silver rose to as high as $18.233 before it also fell back off, but it still ended with a gain of 0.17%.

March 29: Gold and Silver Gain While Stocks Chop

Gold saw slight losses in Asia, but it then chopped up to as high as $1254.60 in early afternoon New York trade and ended with a gain of 0.21%. Silver rose to as high as $18.232 and ended with a gain of 0.5%.

March 30: Gold and Silver Edge Lower While Stocks Climb With Dollar

Gold drifted lower throughout most of word trade and ended near its late session low of $1243.20 with a loss of 0.68%. Silver dropped down to $18.053 at about 9AM EST before it bounced back to $18.281 in late morning trade, but it then fell back off into the close and ended with a loss of 0.55%.

Silver Standard Exercises Option to Form Joint Venture With Golden Arrow for the Chinchillas-Pirquitas Project

"This is a landmark achievement for our Company," stated Joseph Grosso, Executive Chairman, President and CEO of Golden Arrow. "As Golden Arrow transitions an exploration discovery into a mining operation, our shareholders stand to benefit from this profile and strengthened financial position."

Golden Arrow Announces Positive Pre-Feasibility Study for the Chinchillas Project Joint Venture With Silver Standard

Golden Arrow Resources Corporation (TSX VENTURE:GRG) (GAC.F) (GARWF) (WKN:A0B6XQ) ("Golden Arrow" or the "Company") is pleased to announce the results of a pre-feasibility study of the Chinchillas project ("Chinchillas" or the "project") located in the Jujuy Province, Argentina for the joint-venture development of the project with Silver Standard Resources Inc. (SSRI) (SSO.TO) ("Silver Standard") pursuant to the Business Combination Agreement between the parties dated September 30, 2015, as outlined in the Company's news release dated March 31, 2017.

March 31: Gold Holds Near Unchanged While Silver Rises Almost 3% on the Week

Gold fell $4.20 to $1240.30 at about 8:45AM EST, but it then jumped up to $1250.50 in early afternoon trade and ended with a gain of 0.22%. Silver rose to as high as $18.259 and ended with a gain of 0.5%.

April 3: Gold and Silver Gain While Stocks Fall

Gold fell $2.60 to $1244.70 in London, but it then climbed to as high as $1253.60 in New York and ended with a gain of 0.47%. Silver rose to as high as $18.258 and ended with a gain of 0.05%.

April 4: Gold and Silver Gain Again

Gold gained $8 to $1261.20 by a little after 8AM EST before it dropped down to $1254.10 by midmorning, but it then bounced back higher into the close and ended with a gain of 0.25%. Silver rose to as high as $18.409 and ended with a gain of 0.49%.

April 5: Gold and Silver Reverse Early Losses To End Barely Lower After Cautious Fed Minutes

Gold edged up to $1257.20 in Asia before it dropped back to $1243.90 in midmorning New York trade, but it then rallied back higher in the last couple of hours of trade and ended with a loss of just 0.02%. Silver slipped to as low $18.143 and ended with a loss of just 0.05%.

Silver Market Morning: April 6 2017 - Gold still consolidating on support!

In Europe, Mario Draghi cautiously implied that the fear of inflation has passed and while risks remain to the downside he was more confident that growth across the E.U. economy is becoming positive. To us there are so many continuing risks in Europe that one needs to continue to question the future of the E.U. economy. What we did find somewhat disturbing in what he said, was that the more positive shape of the economy was due to two factors, monetary policy and the oil price fall.

April 6: Gold and Silver Edge Lower Before Jobs Data Tomorrow

Gold chopped down to $1250.00 in late morning New York trade before it bounced back higher at times, but it still ended with a loss of 0.35%. Silver slipped to as low as $18.162 and ended with a loss of 0.38%.

April 7: Gold and Silver End Near Unchanged on the Week

Gold gained $18.60 to $1270.30 in early New York and before it fell all of the way back to $1251.40 by midafternoon, but then bounced back higher into the close and ended with a gain of 0.23%. Silver rose to as high as $18.459 before it dropped back to $17.872 and then also rallied back higher in late trade, but it still ended with a loss of 1.32%.

April 10: Gold and Silver Reverse Early Losses To End Near Unchanged

Gold saw a slight gain at $1255.80 in Asia before it fell to see a $7.20 loss at $1247.40 at the open of trade in New York and then rallied back to $1256.30 by midday, but it then chopped back lower in early afternoon trade and ended with a loss of 0.02%. Silver edged up to $18.015 before it dropped back to $17.748 and then also climbed back higher, but it still ended with a loss of 0.28%.

April 11: Gold and Silver Gain Nearly 2% While Stocks and Dollar Drop

Gold saw only slight gains in Asia and London, but it then rallied higher throughout most of trade in New York and ended near its midafternoon high of $1275.10 with a gain of 1.46%. Silver rose to as high as $18.318 and ended with a gain of 1.9%.

April 12: Gold and Silver Gain Almost 1% While Dollar Drops on Trump Talk

Gold saw slight gains in Asia and London and jumped up to $1277.90 by a little before 8:30AM EST before it dropped back to $1272.40 in the next hour of trade, but it then shot back higher into the close and ended near its late session high of $1283.60 with a gain of 0.7%. Silver rose to as high as $18.439 and ended with a gain of 0.82%.

Silver Market Morning: April 13 2017 - Gold breaks up to new higher resistance just below $1,300!

If the gold price can climb above $1,290 all vestiges of overhead resistance will have evaporated. Yes, the $1,300 level to $1,320 area may well cause a pause in the climb of the gold price for a short while, but essentially the mood for gold and silver will have changed to the upside, it seems. There was no physical buying into the U.S. based gold ETFs yesterday. Despite this the gold price jumped through overhead resistance to current levels.

April 13: Gold and Silver Gain Almost 3% on the Week

Gold gained $7 to $1288.50 in London before it dropped back to $1281.90 at about 10AM EST, but it then rallied back higher into the close and ended with a gain of 0.47%. Silver climbed to $18.602 before it dropped back to $18.417, but it then bounced back higher in late trade and ended with a gain of 0.49%.

April 17: Gold and Silver Reverse Early Gains To End Slightly Lower

Gold jumped $7.90 to $1295.40 at the open of trade in Asia before it pared back to $1285.80 in London and then bounced back to $1292.70 in late morning New York trade, but it then fell back off into the close and ended with a loss of 0.29%. Silver rose to as high as $18.652 and ended with a loss of 0.59%.

April 18: Gold Rebounds From Midsession Drop To End Higher

Gold edged up to $1287.30 in London before it spiked down to $1279.40 at about 10AM EST, but it then rose to a new session high of $1292.30 in early afternoon trade and ended with a gain of 0.49%. Silver slipped to as low as $18.091 before it also bounced back higher, but it still ended with a loss of 0.49%.

April 19: Gold and Silver Fall Almost 1%

Gold dropped $14.60 to $1275.50 in midmorning New York trade before it edged back higher at times, but it still ended with a loss of 0.84%. Silver slipped to as low as $18.099 and ended with a loss of 0.98%.

April 20: Gold and Silver End Mixed While Stocks Rise On Tax Cut Talk

Gold chopped up to $1283.20 in late morning New York trade before it dropped back to $1276.70 in early afternoon action, but it then bounced back higher into the close and ended with a gain of 0.16%. Silver slipped to as low as $17.879 before it also rallied back higher, but it still ended with a loss of 0.72%.

Silver Market Morning: April 21 2017 - Gold consolidating below $1,300!

All three global gold markets are in line with each other. At this moment in time, we don’t see that the three are leading or following each other, but the closeness of prices tells us that arbitrageurs are doing a very professional job of smoothing out the gold markets across the world. New York closed $1.44 below Shanghai’s closing yesterday and today. London opened at a $1.46 discount to Shanghai in line with New York. This is the closest we have ever seen them.

April 21: Gold and Silver See Modest Losses on the Week

Gold gained $6.10 to $1287.30 in early afternoon New York trade before it chopped back lower into the close, but it still ended with a gain of 0.29%. Silver slipped to as low as $17.814 and ended with a loss of 0.28%.

April 24: Gold and Silver End Well Off Their Lows

Gold dove down to $1266.10 at the open of trade last night before it bounced back above $1275 in Asia and then fell back to $1267.50 at about 8:15AM EST, but it then chopped its way back higher into the close and ended with a loss of just 0.68%. Silver slipped to as low as $17.734 and ended with a loss of just 0.22%.

Silver Market Morning: June 5 2017 - Gold consolidating with a positive bias!

New York closed $4.17 lower on Friday than the Shanghai Gold Exchange was trading at today ahead of Monday’s opening. London opened at around $1 lower than Shanghai was trading earlier today. These are very small price differences evidencing arbitrage operations at very professional levels [likely banking operations]. We have been watching these markets, as you know, very carefully over the last year.

June 5: Gold and Silver End Slightly Higher

Gold gained $4.80 to $1283.00 by a little after 8AM EST before it dropped back to $1277.90 in the next four hours of trade, but it then chopped back higher into the close and ended with a gain of 0.11%. Silver rose to as high as $17.634 and ended with a gain of 0.29%.

Silver Market Morning: June 6 2017 - Gold poised to attack $1,300!

One is guarded about figures from Hong Kong being representative of Chinese demand. Gold enters China from Switzerland but also through Beijing and other ports of entry. In addition, the country mines around 450 + tonnes a year. It also imports gold directly from mines it owns outside the country. So the figures mentioned here are just part of the picture. What we do learn from these is that Chinese demand is running close to record levels. The government has encouraged this as a matter of policy, so as to build up the nation’s gold.

June 6: Gold and Silver Gain With Bonds and Oil

Gold climbed higher throughout most of world trade and ended near its late morning New York high of $1295.90 with a gain of 1.11%. Silver rose to as high as $17.741 and ended with a gain of 0.68%.

Silver Market Morning: June-7-2017: Draghi and the E.U.

British Elections happen tomorrow. With the discussions around the size of the conservative majority it appears to us that the result will not affect the gold price. Draghi and the E.U. With inflation falling in the E.U. problems in the banking sector [Banco Popular has just been taken over by Santander in Spain] Draghi, who has repeatedly said that policy makers must be convinced that inflation can rise toward 2% on its own, before removing monetary stimulus, is set to leave the current stimulus position in place through the rest of this year. This is positive for gold.

Silver Market Morning: June-8-2017: U.K. elections and Draghi

Growth in the Eurozone is now clearly evident, but inflation is falling. As we said yesterday, Draghi, who has repeatedly said that policy makers must be convinced that inflation can rise toward 2% on its own, before removing monetary stimulus, may well make a point of this, but will, it seems only change his language in the statement slightly confirming this. This is positive for gold.

Silver Market Morning: June-9-2017

British Elections have turned out to be disaster for Prime Minister May as we see a hung Parliament. As a result we expect to see more easing and perhaps a rate cut in the near future as uncertainty kicks into the way forward for Brexit. Most believed that the only issue was the size of the conservative majority. But this result changes things. Already the gold price is rising in the pound sterling, as the pound falls heavily.

Silver Morning: June-12-2017: reacting to currency moves now!

We also doubt that the gold mining companies would ever again embark on an exercise to raise production at the request of and with the support of bullion banks with the backing of central banks as they did at the end of the last century. This leaves global central banks on balance being buyers not sellers, in the future.

Silver Morning: June-13-2017: waiting for the Fed tomorrow!

While the markets continue towards the expectation that there will be a rate hike by the Fed tomorrow, more and more people are saying what we said yesterday, “With Janet Yellen such a cautious person she may well have been disturbed by the poor data of late. While 94% of the market believes a rate hike must come this week, there is room, we believe, for a delay in the rate hike until the data is more positive. If she does, you will see the dollar weaken and perhaps equity indices move too high. We see gold benefitting if this does happen.”

Silver Market Morning: June-14-2017 -- waiting for the Fed!

While there is no evidence of Chinese gold price manipulation we have seen gold’s pricing power shift to Shanghai. But with Shanghai trading gold lower than New York and London, that pricing power evaporated yesterday and today, because of demand for gold in western markets. Shanghai’s figures tomorrow will expand that story. It certainly does not seem that lower Shanghai gold prices can pull London and New York down. What is very true is that China has bought as much gold as they can when the bears did drive prices down and will continue to do so whenever they can. Will higher prices make them stop buying? We think not as the Chinese middle classes continue to burgeon.

Silver Market Morning: June-15-2017 -- Silver on the back foot after the Fed!

In essence, Janet Yellen’s statement showed that the Fed sees a moderately growing U.S. economy that will continue to grow at a moderate pace. No accommodation of President Trumps intended policies was made. The Fed Funds rate after the rise is lower than inflation levels and look like remaining there as the Fed Funds rate, if the economy remains on the path they expect it will. If the economy remains on this path, then by the end of the year, the Fed will begin to reduce its Balance Sheet. It will be a very slow process intended to give markets no stress. As a result equity markets may rise more ignoring institutional worries that they are already too high. It is clear that hopes of a robust economy in the near future are unrealistic. For gold this was overall positive because of low inflation levels.

Silver Morning: June-16-2017

Gold pulled back after the Fed’s announcement yesterday, but appears to have been factored in to the gold price now. What influences will now be brought to bear on the gold price. First and foremost the trend will dominate, alongside the path forward for the dollar. Shanghai will more than likely increasingly dominate the gold price.

Silver Market Morning: June 19 2017 - Gold stabilizing around $1,250!

Hong Kong’s central bank has stated that it prefers a stable exchange rate against the dollar. It is not independent of Shanghai and, judging by today’s exchange rate the People’s Bank of China agrees as we see the Yuan virtually unchanged today. This will allow us to see more clearly the differences between the Shanghai gold Exchange prices and London and New York.

Silver Morning: June-21-2017

The oil price will affect global markets as it struggles to stay close to $50. Today it continues to fail to hold onto that price area. With U.S. production growing alongside that of Iraq and Libya growing supplies are countering the production cuts of others in OPEC and Russia. There is a distinct danger that the continued increase in overall oil production globally will take the oil price down further and into an area from where it is unlikely to recover for a long time.

My Newest "Most Likely To Catalyze The Big One"

Today's article is one of my scariest yet; as, after watching events unfold in the world's most notorious geopolitical hotspot in recent weeks, it's difficult to come up, using my best Spock-like logic, with an alternative conclusion to the potentially catastrophic one I'll discuss today. Which, if it occurs, may catalyze not only the financial "big one" we all know is coming, but an era of political, geopolitical, economic, and monetary destabilization unlike; and potentially, unparalleled in its destructive value; anything yet witnessed.

Abraplata begins 2,000 m drill program at Diablillos

Abraplata Resource Corp. has started a 2,000-metre diamond drilling program on its Diablillos silver-gold project in southern Salta province of northwestern Argentina. The objective of the planned diamond drill program is to establish a resource within Fantasma Mineralized Zone with a view to further expanding the existing resources outlined at the Oculto Deposit, some 800m to the east of Fantasma. This will allow the Company to establish the parameters necessary for completing a Preliminary Economic Assessment study. Diablillos lies at an elevation of 4100m above sea level, and covers an area of some 79km 2 . The property hosts Ag-Au epithermal mineralization within a north-trending graben which traverses most of the property. This mineralization includes the Oculto deposit for which an indicated resource has been estimated consisting of 27.7m tonnes at 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k oz Au (135m oz AgEq or 1.9m oz AuEq). Reference is made to the Technical Report dated November 2, 2016 prepared by Roscoe Postle Associates Inc., a copy of which is filed under the Company's profile on SEDAR.

Silvercrest drills 7.6 m of 502 g/t AgEq at Las Chispas

Silvercrest Metals Inc. has released additional drill results for the Babicanora vein within the Las Chispas property located in Sonora, Mexico. These further drilling results, combined with results announced on March 2, 2017, show an increased high grade footprint within the Babicanora Vein (see attached Figures). The Babicanora Vein is one of 19 epithermal veins that have been identified to date on the Property, which historically was one of the largest silver-gold producers in Sonora. As part of the Company's ongoing Phase II exploration program, four drills are currently working at the Las Chispas, William Tell, Varela, Giovanni and Babicanora veins, with further results anticipated over the next several months.

Silver Market Morning: June 23 2017 - Gold rising above $1,250!

Shanghai is leading the way up again, albeit the rises are not that significant except to give the next direction. The gold price appears to have bottomed in all three global gold markets. We therefore must adjust our assessment of the gold price’s direction accordingly. While the Technical picture still remains a guide, the gold price is showing it must wait for Shanghai to lead the way.

Left wing, right wing, and free markets

One of the saddest things about Britain’s recent general election was the level of ignorance displayed by all parties on the broad subject of political economics. I use the term to include both political philosophy and pure economic theory.

June 23: Gold and Silver End Slightly Higher on the Week

Gold gained $8.70 to $1258.80 in early New York trade before it drifted back lower into midday, but it still ended with a gain of 0.46%. Silver rose to as high as $16.788 and ended with a gain of 0.78%.

Silver Market Morning: June 26 2017 - Gold knocked back to $1,240 early after London’s opening!

Shanghai is leading the way up again as New York closed $2.60 lower than Shanghai’s close on Friday. This morning Shanghai started the week nearly $4 higher than New York’s Friday close as the Yuan weakened against a weakening dollar. We note that the P.B. of C. has stated it wants to trade against a basket of currencies not just the dollar but today while other currencies are stronger against the dollar the Yuan is weaker.

June 26: Gold and Silver Fall Almost 1%

Gold fell $19 to $1236.90 in London before it bounced back higher in New York, but it still ended with a loss of 0.92%. Silver slipped to as low as $16.437 and ended with a loss of 0.78%.

Silver Market Morning: June 27 2017 - Gold recovers very quickly from dubious sale!

Yesterday, we thought the sale at the open in London must have been a physical sale, but it wasn’t, it was a ‘paper’ sale, where it was thought that someone made a huge mistake selling ‘lots’ in the futures market instead of ounces. The deal was 56 tonnes of gold a massive amount that has not been seen since the gold price was crushed in 2013. Whatever it was, we learned a great deal about the behavior of markets then right up until now and likely tomorrow.

June 27: Gold and Silver Gain While Stocks, Dollar, and Bonds Fall

Gold gained $8.60 to $1252.90 in Asia before it fell back towards unchanged in early afternoon New York trade, but it then bounced back higher into the close and ended with a gain of 0.39%. Silver climbed up to $16.70 before it fell back to $16.563, but it then jumped to a new session high of $17.747 in the last hour of trade and ended with a gain of 0.66%.