Silver looks set to re-visit previous support at $18.00

As far as we can ascertain the demand for physical silver is alive and well with reports of people queuing to buy it while a number of suppliers, including the mints have been selling all that they could produce of the popular coins and bars. And yet the price of silver falls in the paper market which highlights the disparity between the physical and paper markets.

The Silver Chart:

The above chart of silver prices shows that it has been two years since silver flirted with

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Silver & Gold - The BIG Picture - Mike Maloney

Join Michael Maloney in the GoldSilver.com boardroom as he answers this week's most popular question - just what is going on with gold and silver? 

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Silver Wheaton Tarnished By Metals Bear Market

With gold and silver prices falling off a cliff in 2013, it’s not surprising that earnings estimates are being cut for the miners. Silver Wheaton , one of the largest streaming metals companies in the world, is no exception. Ten earnings estimates for 2013 have been cut in the last two months, sending the consensus plunging for the year.  Shares of Silver Wheaton are soaring more than 4% Monday but don’t get too thrilled about the longer term picture.

Silver Wheaton is not

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Hard Assets Investor Interviews Hard Assets Alliance

Hard Assets Investor Interviews Hard Assets Alliance

By Hard Assets Alliance Team

Hard Assets Investor Managing Editor Sumit Roy recently caught up with Hard Assets Alliance General Manager Ed D’Agostino for his take on the latest developments in the gold and silver markets.

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Benefits Cuts and Higher Taxes for Seniors in Obama Budget: Are We Really Surprised?

Benefits Cuts and Higher Taxes for Seniors in Obama Budget: Are We Really Surprised?

By Dennis Miller

Some people claim that our Social Security system isn't broke. Technically, they're right. The Old Age and Survivors Trust Fund (OASI) currently holds $2.5 trillion in special government Treasuries that can be redeemed at any time – in theory of course.

But here's the catch. What happens when the OASI needs those trillions of dollars to pay out benefits? Essentially, the government has to find the money to pay the face value of those Treasuries. So from that standpoint, Social Security is broke. The Treasury IOUs are not backed by any cash surplus, only by faith that the US government will somehow come up with the cash... probably by indebting itself further or by raising taxes.

Social Security was created by the Federal Insurance Contribution Act (FICA) and sold as a government-managed insurance program. We pay "premiums" to the OASI during our working years (actually the government just snatches money from our paychecks), which are supposed to be invested and provide retirement income for the rest of our lives. Our retirement is supposed to come from the income on those investments.

After taxing baby boomers for decades, the OASI is huge. But now that millions of those baby boomers are retiring, it's time for our government to tap into that fund to keep its promises.

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Disappearing Gold Inventories, Financial Collapse & The Fed

Today outspoken Hong Kong hedge fund manager William Kaye spoke with King World News about disappearing gold inventories, financial destruction and the Fed.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions and who is the founder of Pacific Group, had this to say in part I of an extraordinary written interview series which will be released today.

Kaye: “Stocks in our opinion have been driven higher by all of this cocaine from the Fed and the other central banks. 

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Why Are So Many Seniors Still Working?

Why Are So Many Seniors Still Working?

By Dennis Miller

Go into any fast food restaurant or retail store and you’ll find a lot of seniors working for minimum wage. Here’s why.

When personal computers hit the scene, numerous retirement-planning programs quickly became available. You entered your personal financial information, along with yield and inflation projections, and the computer would tell you how long your retirement nest egg would last.

The first time I ran the numbers, my computer told me I had enough money to retire as long as I died before I was 72 (I’m currently 73). That's when

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Fortuna reports cash flow of US$16.3 million

Last September Fortuna Silver Incorporated traded at almost $6.00 and yesterday it closed at $2.86, another clear demonstration of just how hard this tiny sector of the market has been hit. Its interesting to note how far the P/E ratios have contracted, Fortuna is down to 11 which is lower than most in this sector.

Their latest results are not too bad either which we have highlighted below for your perusal: 

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Watching for the Canary in the Coal Mine

Watching for the Canary in the Coal Mine
Like most investors, the experience of the financial crisis left an indelible mark on me as an evaluator of risk.

By Hard Assets Alliance Team

By Joe Yasinski, for the Hard Assets Alliance

Like most investors, the experience of the financial crisis left an indelible mark on me as an evaluator of risk. Like most of you, I spent countless late-night hours reading, consuming the details of the crisis in real time as events unfolded. As I more intimately acquainted myself with vaguely understood terms like "credit default swap" and "collateralized debt obligation," I vigorously directed my energies toward grasping the true scope of what was unfolding, and more important, what the official reaction would be.

Unbeknownst to me was that experience would lead me to a completely new philosophy of counterparty risk, money, savings, wealth, and diversification. And after the immediate volatility had subsided, I did an autopsy on all my mistakes before and during the crisis, big and small. The biggest question I had to personally answer to myself is why I didn't see it coming. At what point during that period were the warning signs so glaring that I should have been better prepared for what was approaching?

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Largest Wholesaler In U.S. Sold Out Of 100 Ounce Silver Bars

Today 41-year market veteran Bill Haynes told King World News that the largest wholesaler in the United States is completely sold out of 100 ounce silver bars and is no longer willing to take orders.  Haynes also updates KWN readers globally on the stunning buying of physical gold and silver he is seeing at his firm which is the largest gold and silver dealer in the United States.  Below is what Haynes had to say in this remarkable interview.

Haynes:  “Eric, we had another huge week. 

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