Today was a Black Monday for the metals markets as the price of gold tumbled 4.5%, silver plunged over 7%, and platinum crashed 13.72%. Here is where things stand after a chaotic day of trading.
On the heels of a reversal that saw gold and silver prices tumble from overnight highs, one of the greats in the business took a look at the big picture.
What a week with the price of silver exploding to the upside as near the end of 2025!
The historic short squeeze in the gold and silver markets intensified on Friday as the price of silver soared over 8% closing the trading day at nearly $78 an ounce on the futures market.
Here is an astonishing Christmas prediction from legend Richard Russell.
EXPECT WAR: On the heels of the price of gold surging well above $4,500 and silver futures hitting $72.47, it’s still early days for the gold and silver bull, especially the miners.
Today one of the greats in the business said this is what is really happening with the gold market.
We are seeing volatile trading in the gold and silver markets but look at what is coiled to skyrocket.
Today James Turk told King World News that as soon as the markets opened for trading silver bolted out of the gate!
This is why the price of silver is skyrocketing.
Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, told King World News that the price of gold will hit $6,000 in 2026, but silver will be the big surprise.
Today the price of silver and gold hit all-time highs. Take a look at what is propelling prices to record levels.
Take a look at this year end price target for silver.
L0ok at this shocking inflation over the last 5 years…
Look at this jaw-dropping setup for silver and gold.
On a day when the price of silver futures vaulted to an all-time high of $67, and gold came within dollars of a record high, look at what is unfolding.
The bull market in mining hasn’t even begun as the XAU vs Gold remains trapped in the Devil’s Box, but this will send gold and silver mining stocks screaming higher if it unfolds.
This sums up the situation in the silver market beautifully.
If you are wondering why the Fed just initiated QE5, the answer is the US economy is imploding as more than one million layoffs have already taken place in America.
This is all that needs to be said about the recent gold and silver trading action.
[CNW Group] – International Tower Hill Mines Files 2015 Third Quarter Financial Results
[CNW Group] – International Tower Hill Mines Files 2015 Third Quarter Financial Results
[PR Newswire] – VANCOUVER, Oct. 30, 2015 /PRNewswire/ – International Tower Hill Mines Ltd. (“ITH” or the “Company”) – (ITH.TO) (THM) today announced that it has filed its unaudited third quarter financial statements and associated Management’s Discussion and Analysis (MD&A) and Quarterly Report on Form 10-Q for the three and nine-month periods ended September 30, 2015. The Company’s working capital at September 30, 2015 was USD $7.5 million, which is
[PR Newswire] – VANCOUVER, Oct. 30, 2015 /PRNewswire/ – International Tower Hill Mines Ltd. (“ITH” or the “Company”) – (ITH.TO) (THM) today announced that it has filed its unaudited third quarter financial statements and associated Management’s Discussion and Analysis (MD&A) and Quarterly Report on Form 10-Q for the three and nine-month periods ended September 30, 2015. The Company’s working capital at September 30, 2015 was USD $7.5 million, which is
[Business Wire] – Hecla Mining Company announced today that a wholly owned subsidiary of Hecla has entered into a credit agreement with Dolly Varden Silver Corporation and another significant shareholder of Dolly Varden, Robert L.
[CNW Group] – Silver Standard completes the acquisition of the Valmy Property
[PR Newswire] – VANCOUVER, Sept. 24, 2015 /PRNewswire/ – Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) announces that it has completed the acquisition of the Valmy Property, contiguous …
[PR Newswire] – VANCOUVER, Sept. 24, 2015 /PRNewswire/ – Silver Wheaton Corp. (“Silver Wheaton” or the “Company”) (SLW) (SLW) announces that it has received notices of reassessment from the Canada Revenue Agency (the “CRA”) relating to the Company’s 2005 to 2010 taxation years (the “Relevant Taxation Years”). The notices of reassessment for the Relevant Taxation Years are consistent with the Proposal received by Silver Wheaton, which was previously announced on
[CNW Group] – Silver Wheaton Receives CRA Notices of Reassessment Consistent With Proposal
[GlobeNewswire] – SPOKANE, Wash. — MINES MANAGEMENT, INC. (NYSE-MARKET: “MGN”, TSX: “MGT”)(also the “Company”) announced today that on September 21, 2015, it received notice from the NYSE …
[GlobeNewswire] – Spokane, Washington — September 23, 2015 – MINES MANAGEMENT, INC. (NYSE-MARKET: “MGN”, TSX: “MGT”)(also the “Company”) announced today that on September 21, 2015, it received …
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[Marketwired] – Endeavour Silver Corp. announces that infill drilling on the Terronera property in Jalisco State, Mexico continues to define high grade, silver-gold mineralization within the Terronera vein system. The …
Environmental groups and a senator have appealed a judge’s ruling that they can’t intervene in the state’s $225 million settlement with Exxon Mobil over contaminated gas stations and other sites. The New …
Prime Minister David Cameron said on Wednesday Britain and China were signing a deal to finance a nuclear power station in southwest England, hailing the agreement as a sign the countries wanted to take their ties to a “new level”. Standing next to President Xi Jinping at a news conference during the Chinese leader’s state visit, Cameron also said he wanted to make Britain the “partner of choice” for China.
Cuba is eager to do business again with American oil companies, an official says, expressing hope that Havana’s opening with Washington will clear the way for their return after 55 years. In 1960, Cuba’s revolutionary leaders expropriated US refineries on the island without compensation after they refused to process Russian oil, prompting Washington to retaliate with a trade embargo. The US embargo, which was expanded in 1962 and remains in
LONDON (AP) — The latest news on the second day of Chinese President Xi Jinping’s state visit to Britain. All times local.
A crew member on a Gulf of Mexico oil rig contracted by Chevron Corp was killed in an accident, the company said on Tuesday. “The cause of the incident is being investigated,” Chevron said in a statement. It said the death occurred while the rig, called the Pacific Santa Ana, was operating in waters off Louisiana.
BEATTY, Nev. (AP) — The latest on a fire at a closed radioactive waste disposal site in Nevada (all times local):
Students from New Jersey-based Stevens Institute of Technology won the U.S. Department of Energy’s Solar Decathlon, taking the top trophy at the event in California by building a flood-resistant house that is also energy efficient, officials said on Saturday. The so-called Sure House the students constructed at the Department of Energy’s competition in Irvine, south of Los Angeles, was built with repurposed materials from the boat- building industry and was
Oakland Athletics executive Billy Beane and a retired Chevron Oil executive are among the top excessive water users in a district east of San Francisco, utility records show. A September report from the …
By Chris Prentice CHICAGO (Reuters) – The U.S. Environmental Protection Agency’s in-house investigators have launched a review of the environmental benefits stemming from the country’s decade-old program requiring the use of corn-based ethanol in gasoline. The investigation, to be conducted by the Inspector General for EPA, will examine whether the agency has complied with reporting requirements and is using recent research on the full environmental impacts of the Renewable Fuel
Oakland Athletics executive Billy Beane and a retired Chevron Oil executive are among the top excessive water users in a district east of San Francisco, a utility’s records show. A September report from …
