New High Alert As Silver Breaking Out Of 45-Year Bullish Pattern
Silver is now breaking out of a 45-year bullish pattern that projects new all-time highs, and this is creating a problem for the heavy short positions in the silver market.
Silver is now breaking out of a 45-year bullish pattern that projects new all-time highs, and this is creating a problem for the heavy short positions in the silver market.
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.
No jobs are safe from AI. Some may be better insulated but AI is coming for everyone.
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
[Marketwired] – Primero Mining Corp. today announced the appointment of Tamara Brown as Vice President, Corporate Development, effective October 16, 2015. Ms. Brown will succeed David Sandison.Ms. Brown has held…
[GlobeNewswire] – TORONTO — Sprott Asset Management LP (“Sprott” or “Sprott Asset Management”), together with Sprott Physical Gold Trust (TSX:PHY.U), today announced that it has issued a letter to unitholders …
[PR Newswire] – SALT LAKE CITY, Oct. 8, 2015 /PRNewswire/ — INCEPTION MINING INC. (OTC QB: IMII) (“Inception” or the “Company”) is pleased to announce the acquisition of CLAVO RICO Ltd., a privately held Turks and Caicos Limited Company.
[Marketwired] – Gilla Inc. , a designer, marketer and manufacturer of E-liquids for vaporizers and related accessories, is pleased to announce that the Company surpassed its expectation of $750,000 in the third quarter …
[CNW Group] – Seabridge Gold Arranges a $14.6 Million Non-Brokered Private Placement
[Reuters] – Silver streaming company Silver Wheaton Corp said it received a proposal from the Canada Revenue Agency (CRA) on Monday to reassess the company under various income tax rules. The CRA is seeking to tax streaming income earned by the company’s foreign units and said that Silver Wheaton’s taxable income should be increased by about C$715 million (about $565 million) for the years 2005 to 2010. “Generally a company
[CNW Group] – Silver Wheaton Remains Confident in Business Structure Following Receipt of CRA Proposal Letter
[PR Newswire] – The Proposal outlines CRA’s position that the transfer pricing provisions of the Income Tax Act (Canada) relating to income earned by our foreign subsidiaries outside of Canada should apply such that the income of Silver Wheaton subject to tax in Canada should be increased for the 2005 to 2010 taxation years (the “Relevant Taxation Years”) by approximately Cdn$715 million (US$567 million). The issuance of the Proposal does
[PR Newswire] – VANCOUVER, July 6, 2015 /PRNewswire/ – Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver Standard”) provides an exploration update for recent Mineral Resource development activities …
[CNW Group] – Silver Standard Reports Expanded Marigold Exploration Program
The Lehi, Utah-based company said it had net income of 12 cents per share. Losses, adjusted for non-recurring gains, were 85 cents per share. The residential solar energy system company posted revenue …
The head of the Environmental Protection Agency said Tuesday her department takes full responsibility for spilling 3 million gallons of mining waste that turned a southwest Colorado river an unnatural …
ALBUQUERQUE, N.M. (AP) — Townspeople watching millions of gallons of orange-colored mine waste flow through their communities demanded clarity Tuesday about possible long-term threats to their water supply.
ALBUQUERQUE, N.M. (AP) — Townspeople watching millions of gallons of orange-colored mine waste flow through their communities demanded clarity Tuesday about possible long-term threats to their water supply.
ALBUQUERQUE, N.M. (AP) — Townspeople watching millions of gallons of orange-colored mine waste flow through their communities demanded clarity Tuesday about possible long-term threats to their water supply.
DURANGO, Colo. (AP) — The latest in the Colorado mine spill (all times local):
DURANGO, Colo. (AP) — The latest in the Colorado mine spill (all times local):
As I detailed here , oil industry insiders bought nearly $50 million worth of stock in the eight trading days through Aug. 10. Here’s a closer look at some of the most interesting insider activity at a …
DURANGO, Colo. (AP) — The latest in the Colorado mine spill (all times local):
Facing a new legal challenge, Iowa’s second-largest power company has abandoned a business practice that critics say improperly slowed the adoption of solar energy across the state. Over the last year, …