If we take a quick look at the above chart of silver prices we can see that they have moved up for seven trading sessions. Gold prices have also made some good gains and pushed above the $1350/oz level which was a resistance point for gold. There are many explanations for this but we see it
VANCOUVER, Aug. 14, 2013 /CNW/ - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) is pleased to announce its unaudited results for the second quarter ended June 30, 2013. All figures are presented in United States dollars unless otherwise noted.
SECOND QUARTER HIGHLIGHTS
- Record attributable silver equivalent production of 8.6 million ounces (6.4 million ounces of silver and 35,600 ounces of gold) compared to 6.7 million ounces in Q2 2012, representing an increase of 28%.
- Silver equivalent sales of 7.2 million ounces (5.1 million ounces of silver and 33,900 ounces of gold) compared to 6.9 million ounces in Q2 2012, representing an increase of 4%
Scott Pluschau | Sunday, August 11th - www.silverseek.com
The Silver Miners Exchange Traded Fund symbol SIL looks ripe for a breakout from a Bullish reversal pattern on the Daily chart. This pattern is what I call an "Inverted Head and Double Shoulders pattern" which is highlighted by the blue text notes on the chart below. The neckline is a trendline drawn off the peaks in this pattern and the breakout point signals the potential change in trend
Subscribe for 6 months- $499
Subscribe for 12 months- $799
Since its inception SK OptionTrader has returned a massive 727.54% for an annualized return of 71.76% per year, and tomorrow our service will no longer be available to new subscribers. In that time we believe we have provided a high level of service to each of our clients as well as impressive returns. In order to maintain such standards we have chosen to limit the total number of subscribers to our service. If we may say so, our performance this year has been phenomenal. On closed trades alone we can boast a year to date return of 55.58%, including four trades that more than doubled in value and one that tripled!
Hecla to lock in prices during shipments: CFO
* Reduces 2013 capex by 13 pct, rival Coeur cuts by 18 pct
* Q2 adj loss $0.03/shr vs est profit $0.01/shr
* Hecla shares rise as much as 7 pct
Aug 8 (Reuters) - Hecla Mining Co said it has started to hedge its precious metal shipments after a drastic fall in spot prices pushed the company to report a surprise loss.
Although our year to date returns are impressive and far more than gold, stocks or bonds, they are dwarfed by our returns since inception four years ago. To date SK OptionTrader has made trades that have returned a massive 727.54%.
Fed monetary policy has been the most significant driver of gold prices over recent years, and US employment data has been the main driver of Fed policy. Therefore the release of US Non-Farm Payroll data is hugely significant for gold investors and Friday’s release was no exception. We have been bearish on gold prices for all of 2013 and as a result our model portfolio is up nearly 60% year to date. However, there a couple of factors that are causing us to consider the possibility of a significant rally in gold prices towards the end of the year. Whilst our core view is that gold prices will head lower, we see a risk that softer employment data and delay of QE tapering triggers a rally in gold over the coming months.
Let us start by taking a look at most recent set of employment data that was released on Friday. Total nonfarm payroll employment increased by 162,000 in July, which was below expectations and saw a rally in US bonds and gold prices spiking higher. In addition to this the change in total nonfarm payroll employment for May was revised from +195,000 to +176,000, and the change for June was revised from +195,000 to +188,000. Although the most recent number missed expectations and we saw some backward revisions, we must keep the big picture in mind. Over the last year nonfarm employment growth has averaged 189,000 per month, much to the satisfaction of Bernanke.
It is this consistent growth that has caused the idea of tapering to be put on the table. Remember that the Fed is not concerned so much with one off sets of data, but more with the overall trend. As the chart below shows, the three month average employment gain has been solid recently.
Today multi-billionaire Hugo Salinas Price told King World News in stunning fashion what he believes to be the frightening plan to control the world going forward. He described the people planning this as “barbarians,” and said, “this is not going to end well.” He also issued this ominous warning, “I have very serious doubts about the survival of our civilization under such people.” Below is what the multi-billionaire had to say in part I of a series of incredibly powerful interviews that will be released today on KWN.
Hugo Salinas Price: “With regards to the social question in the world,
Subscribe for 6 months- $499
Subscribe for 12 months- $799SK OptionTrader has been on a winning streak, closing 21 winners in a row since December 2012. Four of the trades in that winning streak more than doubled in value, with one more than tripling. This streak has resulted in a significant surge in demand for our service, and in order to maintain our high standard we are closing our doors to new subscribers.
Eric Sprott: Chairman, CEO & Portfolio Manager of Sprott Asset Management - Eric has over 40 years of experience in the investment industry and manages over $10 billion. He has been stunningly accurate in his writings for over a decade