Silver Panic Draws Near, Leaves Shorts Running For Cover
Today the price of silver futures surged aggressively back above $39 near the recent high leaving shorts running for cover.
Today the price of silver futures surged aggressively back above $39 near the recent high leaving shorts running for cover.
Investors around the world need to buckle up because we are now entering the endgame for fiat currencies.
Today Nomi Prins, who has given speeches to the World Bank, IMF and Federal Reserve, told King World News that the United States may once again begin stockpiling silver as a strategic reserve. This would have an enormous impact on the already thin physical silver market. Global silver production is only 819.7 million ounces a year, and the last time the US stockpiled silver it reached a jaw-dropping peak of 3.3 billion ounces. The question is where will all of that silver come from and how high will the price of silver have to go in that kind of market? Here is what Prins had to say.
It appears that silver swap dealer’s short positions are now at the largest level in history.
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Here is a look at gold, inflation and the Federal Reserve.
There is no question that the price of silver is headed to all-time highs. But there is more to the story.
There is no bubble in gold as silver miners are now coiled to explode higher.
This 1980 indicator says gold bull market has a long way to go.
Despite the recent volatility, big buyers of silver are getting closer to panic as supply remains extremely tight.
It appears central bank gold reserves are now at the highest level since the 1960s.
On the heels of the release of the Fed’s May 2025 Manual, some are asking is Trump going to revalue the price of gold?
Today Michael Oliver, the man who worked directly with the Chairman of the Comex during the wild 1970s bull market when the price of silver hit an all-time record of $50, and who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News in one of his greatest audio interviews ever that he predicts the price of silver will hit $160-$240.
The price of silver is closing in on $40 as gold surges another $43. What a way to end the week!
Wall Street and the world are increasingly alarmed by the US debt crisis. This has been yet another catalyst for the bull market in gold as global central banks continue to increase their gold hoards.
As we continue trading in the month of July, Sprott just warned that available global silver inventories have been depleted, so we should expect even higher price targets in the silver market.
It appears more money printing is on the way.
Difficult economic times are coming but gold will soar.
Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News an update on how gold performs in times of war. Silver vs S&P 500 July 8 (King World News) – Michael Oliver, Founder of MSA Research: Silver vs. the S&P 500 is interesting too. Currently the action is trying to break out of a base going back
Investors around the world need to buckle up because interest rates are headed higher once again. Plus a look at mining stocks.
[Marketwired] – Comstock Mining Inc. today announced selected unaudited financial results for the fiscal quarter ended September 30, 2015.Strategic HighlightsRestructured and simplified the overall capital structure, …
[CNW Group] – Vista Gold Corp. Warrants Expiring October 22, 2015
[Marketwired] – Gilla Inc. , a designer, marketer and manufacturer of E-liquids for vaporizers and related accessories, is pleased to announce that the Company has agreed to acquire all of the assets of an e-liquid manufacturer …
[PR Newswire] – DENVER, Oct. 22, 2015 /PRNewswire/ — Vista Gold Corp. (TSX: VGZ) (NYSE MKT: VGZ) (” Vista ” or the ” Corporation “) advises holders of its TSX listed share purchase warrants (TSX: VGZ.WT.U) …
[Marketwired] – B2Gold Corp. is pleased to announce its gold production and revenue for the third quarter and first nine months of 2015. All dollar figures are in United States dollars unless otherwise indicated.
[GlobeNewswire] – SALT LAKE CITY, Oct. 21, 2015– INCEPTION MINING INC. is pleased to announce that the August, September, and partial October production of Clavo Rico Ltd., the Company’ s wholly-owned subsidiary, has exceeded …
[PR Newswire] – TSX: GPR NYSE MKT: GPL VANCOUVER, Aug. 5, 2015 /CNW/ – GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE MKT: GPL) (“Great Panther”; the “Company”) today reported financial results for …
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[PR Newswire] – Amounts that are borrowed under the Credit Facility will incur variable interest at London Interbank Offered Rate plus an applicable margin ranging from 2.75% to 3.75% determined based on the Company’s net leverage ratio. The Credit Facility also provides for financial letters of credit at 66% of the applicable margin and undrawn fees are 25% of the applicable margin. The term of the Credit Facility is three
[PR Newswire] – Amounts that are borrowed under the Credit Facility will incur variable interest at London Interbank Offered Rate plus an applicable margin ranging from 2.75% to 3.75% determined based on the Company’s net leverage ratio. The Credit Facility also provides for financial letters of credit at 66% of the applicable margin and undrawn fees are 25% of the applicable margin. The term of the Credit Facility is three
[CNW Group] – Silver Standard Announces Closing of New $75 Million Revolving Credit Facility
[CNW Group] – Silver Standard Announces Closing of New $75 Million Revolving Credit Facility
[GlobeNewswire] – NEWS RELEASE Coeur Reports Second Quarter 2015 Results Raising 2015 Production Guidance and Lowering 2015 Cost Guidance Adjusted Costs Applicable to Sales Declined 8% to $12.56 per Silver …
WASHINGTON (AP) — A Republican lawmaker says the head of the Environmental Protection Agency should be impeached.
Four environmental groups want an appeals court to let them intervene in New Jersey Gov. Chris Christie’s $225 million settlement with Exxon Mobil over contaminated sites across the state. New Jersey Sierra …
Oil and natural gas won’t be the only game in town under a new state energy policy unveiled Monday by Republican Gov. Susana Martinez. “New Mexico is one of the most energy-rich and energy-diverse …
Federal regulators have released their plan for how General Electric will dismantle the facility that treats contaminated sediment from the Hudson River. GE expects to finish its sixth and final year of …
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