The precious metals have seen dramatic sell-offs before, although the primary difference between previous precious metal declines and the recent drop is the current shortage of physical metal.
Major dealers in North America and the EU seem to be out of physical precious metal stock almost across the board. This physical shortage had been developing for some time, in contrast to the 2008 drop.
In terms of the supply fundamentals, the loss of Kennecott’s Bingham Canyon mine last week, in addition to further postponements for Barrick Gold’s big Pascua Lama Project were as bullish as can be.
Gold and Silver Prices – Been Here Before, But This Time Is Different
Eric Sprott Addresses Questions On Sale Of PSLV Shares
SilverDoctors.com Exclusive
By Eric Dubin
Numerous questions have been raised about Sprott’s recent sales of Sprott Physical Silver Trust (PSLV). SilverDoctors.com has never had any reason to doubt the integrity of Eric Sprott. We’d like to put the speculation to rest.
On Tuesday, April 16th Eric Sprott held a conference call with institutional investors. We tuned into the call. He made a point of commenting about the sales: [Read more...]
Here We Go Again- Gold & Silver Plunge to $1350, $22.50 on Globex
Gold and silver have been greeted to yet another waterfall plunge as the first trading since the CME hiked margins in both metals by 18% after today’s COMEX close. Silver has plunged nearly another dollar to $22.50, and gold another $25 to $1350.
*Update: Both metals have already retraced nearly all of their latest losses, as silver has quickly spiked back to $23.15, and gold to $1365
[Read more...]
Gold & Silver COT Report 4/12/13: Commercials May Slam Silver to $17!
By SD Contributor Marshall Swing: 
Gold & Silver COT Report 4/12/13:
Many writers were declaring a bottom for the silver slide after price rose from last Friday’s low of $26.57 and rose to $27.90 at Tuesday’s close.
They were wrong.
Almost all writers have previously declared $26 as the holy grail never to be broken downward again.
They were wrong.
How low can price go? I will repeat what Martin Armstrong has said we may see $23 and then if that, then $17 is possible.
“Price” and “Availability”…Are Inverse of Each Other in the Real World
“Price” or “value” ultimately will be decided upon and truly obtained in the cash physical market which we will need to keep a close eye on in the coming weeks. The paper markets are saying that Gold and Silver are worth “less” Dollars, now we will watch and see if the supply in the physical markets dry up in protest that the paper markets are wrong. This is already occurring in the Silver market. For example, the premium over spot in the junk market has gone to the +15% range which means actual “hold in your hand” pre 1965 dimes and quarters ended the week unchanged even though the paper Silver markets showed a 6-7% loss! [Read more...]
EPIC Raid Sends Gold to $1300 Handle, Silver to $22!
*Update: Gold to $1350, silver to $22 handle at $22.94!!
Gold and silver are rallying off overnight epic lows this morning, as gold was smashed another $100 into the $1300′s, and silver was crushed another $3 all the way to $23! In all, silver was smashed nearly $5 (18%) and gold $165 (11%) from Friday morning!
The strength of the rally in early COMEX trading is a good first sign that the worst is past, as the cartel raises to raise metals prices before the London fix. [Read more...]
Here We Go Again…Silver Plunging to $23 Handle, Gold to $1420: Free-fall in Progress!
*Update: Full-fledged margin-call blood-bath in progress, silver nearing $23 handle, gold to $1420!!
After briefly popping back above $26 in early Globex trading tonight, silver has just been treated to another waterfall smash, gapping down another dollar, collapsing another $1.50 to a $24 handle with a last of $24.35!
Gold has plunged another $65 to $1420!
It appears that the cartel is not concerned whatsoever that 16% of annual US silver mine supply evaporated over the weekend, and will continue to press any remaining weak or leveraged longs. [Read more...]
Price Follows Volume: Investors Flocking to Real Money (G&S) Cash!
Submitted by Bill Holter
“Price” follows volume…or at least it should in any real world where the markets are left unfettered to discover true and real values.
“Crony capital” is flowing into crony bonds but hard earned capital is flowing into, not out of the precious metals that are otherwise known as “money”. Investors are flocking to “cash” in other words, not trash cash but real money cash!
THIS is what volume flows should be telling you and as Jim Sinclair says “Gold is coming INTO the system…NOT away from it” [Read more...]
Real Money Flowing East: Gold & Silver Google Trends Searches in China vs USA
In today’s modern world, there may not be a better gauge for overall public sentiment than Google search engine results.
With gold and silver nearing 2 years of bull market correction, gold and silver search terms and traffic in the US are roughly 40% of the levels seen in 2011.
In China however, google search trends for gold are a completely different story… [Read more...]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
