Silver Investment News

Silver Surges to a Seven Year High

2020-08-06T20:18:00.001-07:00

Spot Silver price has followed gold, shooting upward during the Covid-19 pandemic, as more people turn to the yellow metal's poorer cousin the demand has surged.

Silver hit a seven year high overnight on the back of a huge rally this past week, gaining 22 percent to $US29 an ounce.

Since mid-March, when the coronavirus began to take hold globally, the price of the precious metal has risen more than 140 percent.

People have been piling into the precious metals market during the pandemic, which is considered a safe haven asset, as governments moved to lockdown large parts of their economies, and central banks responded swiftly with interest rate cuts and quantitative easing programmes.

New Zealand Gold Merchants director Tony Coleman said silver's surging spot price was being driven by a number of factors.

He said the metal was rebounding from a sharp fall seen in mid March, global supply shortages, and precious metals were more desirable due to the weak US dollar.

However, Coleman did not expect the silver's relentless rise to continue at the current rate.

"It's had a stellar rise, I do believe both [gold and silver] metals are due for a correction at some stage, it's risen too quickly and too sharply."

Coleman's long-term view, however, is for silver's spot price to rise to record levels.

His outlook was based partly on a growing weariness amongst investors.

"The thing that we're noticing is that there is a distinct loss of faith in currency, there's a distinct loss of faith in government and a growing distrust of people holding their money in banks.

"In short, the people around the world are worried about the global economic future."

Coleman said New Zealanders were among those flocking to buy precious metals, and his company was receiving hundreds of calls a day from people who were interested in investing silver and gold.

However, silver is not immune to volatility.

Will Silver Pullback from here or will it keep going up? What do you think?

#silver #silvernews #silverinvestment #silverprice #silvergold #silverbullion

A NEW BULL MARKET FOR SILVER | A BIG CHANGE IS COMING

2020-07-26T17:46:00.001-07:00

A big change happend in the Silver commodities market recently, and the result is a new bull market for the precious metal.

See Source for more similar silver content: https://srsroccoreport.com/

India's Silver use Triples in a Decade

2018-06-14T04:57:00.001-07:00

Silver consumption in India has increased multi-fold in the past one decade, going by a report on the precious metal released recently by the Silver Institute. According to the World Silver Survey 2018, around 601 tonnes were used in the country in 2008 for jewellery making, and rose to 2,058 tonnes in 2017. In the same period, the use of the metal in silverware rose from 481 tonnes to 1,212 tonnes.

As a result, India's share of silver demand for jewellery and silverware in world market also increased from 14.7 per cent in 2008 to 39.2 per cent in 2017. During the decade, India imported nearly 45,000 tonnes of the metal. The trend for gold demand in jewellery and as an investment is quite different, having fallen in both categories in the country.

India's silver use triples in a decade, world share up from 14.7% to 39.2% - Several investors bought silver in 2011 when it peaked at Rs 75,000 a kg; many are holding on to avoid booking losses, only a few smart ones have averaged the cost at lower prices

Most of the demand increase took place during the past five years. Going by the import figures, average annual import of silver between 2008 and 2012 was 3,080 tonnes, and rose to 5,800 tonnes between 2013 and 2017. Increase in industrial use of silver was significant during the period.

However, according to Chirag Thakker, Director, Amrapali Group, a major player in refining, jewellery and trading, "As a refiner of scrap silver jewellery, we have noticed that the pure silver content in scrap used for refining purpose (for making jewellery and silverware) has diminished from 85 per cent to 50-55 per cent during the past five years. This is possibly due to adulteration." Hence demand for new silver to fill up the purity gap has also increased silver consumption.

Viraj Didwania, MD, Foresight Bullion India Pvt Ltd said, "Silver has been a preferred asset for buying by farmers when they have liquidity.

It is also the first to be sold when they need money. As far as jewellery is concerned, a large share of rural silver demand is for making 'payal' while for silverware pooja items, idols take up a major share." Gold once bought is not sold frequently, but farmers buy silver when they have cash, and sell it the next season to buy seeds and fertilizers.

Agra-Mathura, Rajkot, Salem, Kolhapur are hubs for making silverware and jewellery.

In rural and semi-urban areas, the demand from girls for 'payal', has gradually been replaced by the demand for mobile phones, says a dealer in Mathura.

India largely imports silver, at 5,677 tonnes in 2017, though the highest ever import was 7,249 tonnes in 2015. India also has other source of silver supply. According to the survey, "In 2017, supplies came from domestically mined and refined silver, metal refined from imported concentrates, and gold and silver dore. Our estimate is that these together contributed to approximately 717 tonnes." The survey explained that the increase in imports is attributed to restocking by fabricators and a pick-up in investment demand.

Investors are fond of buying and holding silver. Several investors bought the metal in 2011 when it reached an all-time high of Rs 75,000 a kg. According to Didwania, "They are still holding on to avoid booking losses. However only some smart investors averaged the cost when prices were lower."

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Precious Metals Sector is on Major Buy Signal 2018

2018-01-06T01:42:00.001-08:00

Technical analyst Jack Chan charts the latest movements in the gold and silver markets, noting buy signals for both gold and silver at the close of 2017.

Our proprietary cycle indicator is up.

The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.

The gold sector is on a short-term buy signal. Short term signals can last for days and weeks, and are more suitable for traders.

Speculation is in bull market values.

The breakdown on USD this week is supportive to overall higher metal prices in coming weeks.

Silver is on a long-term buy signal.

SLV is on a short-term buy signal, and short-term signals can last for days to weeks, more suitable for traders.

Speculative longs are bouncing back sharply from the lowest level in years.

Summary

The precious metals sector is on major buy signal. The cycle is up, suggesting that the multimonth correction is now complete. COT data is supportive for overall higher metal prices. We are holding gold-related ETFs for long-term gain.

Jack Chan is the editor of simply profits at www.simplyprofits.org, established in 2006. Chan bought his first mining stock, Hoko Exploration, in 1979, and has been active in the markets for the past 37 years. Technical analysis has helped him filter out the noise and focus on the when, and leave the why to the fundamental analysts. His proprietary trading models have enabled him to identify the NASDAQ top in 2000, the new gold bull market in 2001, the stock market top in 2007, and the U.S. dollar bottom in 2011.

Charts courtesy of Jack Chan

Super-strong, Stretchy Silver

2017-04-01T18:02:00.000-07:00

Professor of mechanical engineering Frederic Sansoz shows how atoms of silver are arranged. He’s part of a team of scientists that has discovered that silver wires, between about 10 and 40 nanometers wide, have an amazing combination of super-strength and stretchiness. The new research uncovered a weird state of matter in silver—that may have many technological uses. Image Credit: Joshua Brown

Try bending your iPhone in half. Or roll up your tablet like a scroll. Or wrap a touchscreen TV around a pole. Didn't work out so well, did it? That's because the ceramic material used to make many of today's touchscreens has only two of three needed qualities: it's conductive, it's transparent—but it's not flexible.

"It's brittle and so if you bend it, it breaks," says University of Vermont scientist Frederic Sansoz, a professor of mechanical engineering.

But Sansoz and a team of other scientists have made a discovery that may change that. Working with silver at a vanishingly small scale—nanowires just a few hundred atoms thick—they discovered that they could make wires that were both super strong "and stretchy like gum," he says.

This kind of silver wire could be fashioned into a mesh that conducts current, allows light to shine through—and bends so easily "you might be able to tie your smartphone into a knot," he says.

Or, as they write in their study, "we report unusual room-temperature super-elongation without softening in face-centered-cubic silver nanocrystals."

The team's results were published in the April issue of the journal Nature

Small is stronger

UVM's Sansoz, his collaborator Scott Mao at the University of Pittsburgh, and their colleagues have led pioneering research on how to transform soft metals, including gold, into super-strong wires at the nanoscale. It's part of a growing area of research that shows that as materials are engineered to be smaller and smaller it's possible to eliminate many defects at the atomic scale. "And this makes them much stronger," he says, "generally, smaller is stronger."

But there's a problem. "As you make them stronger, they become brittle. It's chewing gum versus window glass," Sansoz says.

Which is why he was very surprised by what the team discovered about silver.

As wires of silver are made smaller and smaller, down to about 40 nanometers, they follow the expected trend: they get relatively stronger and more brittle. But earlier research by other scientists had shown that at even-more-extreme smallness—below 10 nanometers—silver does something weird. "It behaves like a Jello gelatin dessert," Sansoz say. "It becomes very soft when compressed, has very little strength, and slowly returns to its original shape."

Materials scientists hypothesize this happens because the crystals of silver are so small that most of their atoms are at the surface, with very few interior atoms. This allows diffusion of individual atoms from the surface to dominate the behavior of the metal instead of the cracking and slipping of organized lattices of atoms within. This causes these tiniest, but solid, silver crystals to have liquid-like behavior even at room temperature.

"So our question was: what's happening in the gap between 10 nanometers and 40 nanometers?" says Sansoz. "This is the first study to look at this range of diameters of nanowires."

Mind the gap

What the team of scientists found in the gap—using both an electron microscope and atomistic models on a supercomputer—is that "the two mechanisms coexist at the same time," Sansoz says. This gives silver wires in that little-explored zone both the strength of the "smaller-is-stronger" principle with the liquid-like weirdness of their smaller cousins. At this Goldilocks-like size, when defects form at the surface of the wire as it's pulled apart, "then diffusion comes in and heals the defect," Sansoz says. "So it just stretches and stretches and stretches—elongating up to two hundred percent."

There has been remarkable progress since 2010 in applying silver nanowires in electronics, Sansoz says, including conductive electrodes for touchscreen displays. And some companies are working hard to apply these wires to creating cost-effective flexible screens. "But, right now, they're manufacturing totally in the dark," Sansoz says. "They don't know what size wire is best." His new discovery should give chemists and industrial engineers a target size for creating silver wires that could lead to the first foldable phones.

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Silver's Moving Up & Leading the Way in this Precious Metals Bull Market

2017-03-25T17:41:00.000-07:00

Good opportunity to Buy on the Dip

The recent pullback has seen silver retreat around 10% from its high earlier in 2017 presenting a good opportunity to average down or purchase more at a lower price level in the short term.

1 - 5 Year Outlook for Silver:

Strong fundamentals with a positive long-term outlook of Silver & precious metals, in general, remain intact despite the recent retreat in spot price & futures markets with macro commodities prices & major producers share prices likely responsible for dragging down the entire sector

The recent price rallies in base metals has seen a commodity sector revival with hot material metals such as Lithium and most recently cobalt attracting investment equity.

With US spot silver at under $18 there is minimal downside risk with a robust & ongoing industrial and jewellery demand and with silver being the metal with more patented applications than all other metals combined*, yet the upside on paper at least with silver breaching $50.00 in 2008 and with continuous global monetary stimulus and the rise of Brazil, Russia, China and India all of whom are anticipated to demand the low cost white metal and increase aggregate demand.

The above chart from 2000 through to present shows just how much upside silver has from this level wherein the short a one year time frame $30 is not unrealistic, sustained increased demand should see a robust price and a move up to a level above $20 US in the short term, an adjustment in the Chinese Yuan & other US trade partners would see increased demand as the purchasing power of these trade partner currencies increase also having the effect increasing competition for the finite resource with increasing applications and human demand by the day. The question then becomes - can supply keep up? Any supply reduction could easily trigger a run on physical which will trickle up to the Commodities Futures Exchange Markets with Silver Contracts being purchased with the intention of taking delivery.

The Gold Silver ratio

Much attention is paid to the gold/silver ratio by industry insiders and gold silver bulls (and bears for that matter) and it is said that during a precious metals bull run Silver leads the way and will overperform vs gold as it takes less demand and equity to push the price up when the market turns.

Today's ratio of 70:1 is closer to the maximum variance of 83:1 indicating

we have moved off the short-term low and will now move up with the likelihood of ending the cycle under the 10 year low of the cycle previous cycle

The Trump Card: Effect On Silver...

Donald Trump has spoken explicitly about wanting to end currency manipulation specifically addressing trade partners China and Japan and expressing a need for the United States to weaken its dollar to support its manufacturing base and exports for the purpose of improving the balance of trade. There are a number of factors reducing the likelihood of this eventuating and increasing the likelihood of this being rhetoric rather than a serious new economic course the US is set to embark on such due to any such fiscal policy change adversely affecting the economy as the current debt to overseas governments and private banks & a decrease in consumer purchasing power for imported goods.

The TRUMP card, what effect will Donald Trumps Presidency have on the price of Silver

On the surface a weakening US dollar would serve the purpose of increasing all imported goods including commodities overall and silver specifically, another key change is servicing the overseas debt and a weakening dollar would require more dollars to pay the same fixed debt payments putting the US economy under more pressure and requiring money to be diverted from other sectors or by issuing more currency through quantitative stimulus which will add velocity to the money supply which is necessarily inflationary (the combination of a weaker dollar and inflation will be a thorn in the side of US citizens acting as a double whammy of decreased purchasing power and increasing costs for goods and services).

For the US to engage in a successful devaluation, global trade partners must lock fiscal and monetary policies to allow this currency re-evaluation, as all reserve banks can inflate away at their desire also any talk of currency manipulation was likely just lip service to the US manufacturing base to rally support during the presidential race, in the meta we understand this to be currency wars 3.0.

Write-up by Joseph Gale, Charts from Kitco

#silver #investment #goldsilver #josephgale #metals

These Factors Have Been Driving Silver Prices

2017-03-25T04:03:00.001-07:00

Compared to gold, silver is the more volatile precious metal. The overall sentiment in the market for silver is positive, as it recently crossed the 50-day, 100-day, and 200-day moving averages.

Silver has performed slightly better than gold and platinum on a year-to-date basis. Silver had a year-to-date gain of 8.8%, while gold and platinum have risen 7% and 7.4%, respectively, as of March 20. Palladium, however, has outperformed the other three metals with a rise of 14.7% during the same timeframe.

Precious and industrial metals

The fluctuations in the price of silver since 2015 are shown in the above chart. As silver is considered both an industrial as well as a precious metal, the rises and falls in its price are dependent on many global indicators.

When Brexit concerns surfaced in mid-2016, the haven bids caused silver to rise. Similarly, after Trump won the US election, the haven bids impacted the metal. The increase in the interest rate on Treasuries caused non-yield-bearing assets like gold and silver to suffer. In a similar fashion, the overall industrial market performance can also impact silver, as silver is frequently used as an industrial metal.

Silver funds and miners

The fluctuations in silver prices are evident in the iShares Silver Trust (SLV) and the Silver Trust ETF (SIVR). These two funds have risen 9.2% each due to the rise in silver prices.

Silver mining stocks like Hecla Mining (HL), Coeur Mining (CDE), Pan American Silver (PAAS), and Silver Wheaton (SLW) have fallen over the past month due to the fall in silver prices.

Later in this series, we’ll look at the performance of silver miners along with technical details.

View Source of article by Market Realist -

Investing In Gold And Silver Post Brexit

2016-06-26T02:36:00.000-07:00

UK votes to leave the EU, sending gold and silver skyrocketing!

Today is a huge day for the market, and it's not a good one. You know what that means... gold and silver prices are skyrocketing! The big movement in the market today is the result of the recent vote with regard to the UK leaving the EU. Today, we'll talk about the details of the Brexit vote, how the market is reacting to the news, and what we can expect to see from the prices of gold and silver moving forward. So, let's get right to it...

Britain Consumers Vote For A Brexit

For the past several months, if you've been watching financial markets, chances are that you've seen the word Brexit thrown around here and there. The concept behind the Brexit is actually relatively simple. You see, many politicians in the United Kingdom argued that the relationship between the UK and the EU was causing economic strain on their region. As a result, hey pushed to leave the EU.

On the other hand, there were plenty of politicians that argued that leaving the EU now would be a bad move. They agree that the economic strain the UK was feeling was in large part the result of their relationship with the EU. However, they also pointed out that leaving the EU would cause issues with global trade agreements that would lead to economic hardship.

As a result, the region left the decision up to the consumers. The vote was held yesterday, and the results came in this morning. According to the results, the British people have voted for an exit.

What Does This Have To Do With Gold And Silver?
While it may seem as though a Brexit and the prices of gold and silver are two completely unrelated topics, that notion couldn't be further from reality. The truth is that precious metals have long been looked at as safe-haven investments. This means that when market or economic conditions are in question, we can expect to see gains in precious metals as investors look to keep their money safe.

Well, look around? One look at the global market right now and your eyes may turn red. Everything is tanking on the vote, and for good reason. At this point, it's clear that the British people want to leave the EU. This means that soon, the UK will be forced to renegotiate global trade agreements. Not to mention that UK backing in the Eurozone is going to dissipate. As a result, economic conditions in the UK and in Europe are likely to falter. This alone would be enough to send the prices of gold and silver skyrocketing. However, it doesn't stop there.

Due to global trade, economies around the world are heavily dependent on one another. With two of the world's largest economies headed for hardships, global economic conditions are likely to see issues. This will lead to market concerns and further growth in the prices of gold and silver.

What We Can Expect To See Moving Forward?

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from gold and silver. The reality is that at the moment, there are more questions revolving around the global economy and global market than there are answers. As a result, we're likely to see big spikes in demand for precious metals, leading to massive gains in value.
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Taking a Shine to Silver: The Rise of Bullion Coins Around the World

2016-06-18T18:21:00.001-07:00

Silver disappeared from circulation, but in a few decades it came back in bullion coins

Silver, so long an element of pocket change that many people still refer to their dimes and quarter dollars as “silver,” is now found mostly in special coins sold as a bullion store of value or as collectibles. The removal of precious metal from circulating coins began in the 1940s in several countries and accelerated during the 1960s.

From the mid-1960s until silver bullion coins were developed in the 1980s, collectors looking for slivers of silver at affordable prices had few options.

The United States famously adopted copper-nickel clad coinage in 1965, striking 1964-dated silver coinage well into the new year while making the transition.

By this point, most other countries had already eliminated or drastically reduced the use of silver for coinage.

Once silver departed circulating coinage in the 1960s, collector and investor choices were limited to older, often worn coins with bullion content or private bullion issues.

Then came the birth of the silver bullion coin, now one of the more avidly collected forms of the metal worldwide.

Not all silver bullion coins are created equal, though, and buyers must be aware of the differences to make educated purchases. For example, not all coins are of the same fineness. Also, while some silver bullion coin mintages are unlimited, some are struck in smaller numbers and may carry higher prices as a collector premium.

In addition, some mints change the design of their silver bullion coins every year to create fresh interest in the series, while others rely on the constancy of a standard flagship design.

What are bullion coins?

Bullion coins are governmentally issued pieces whose value is intended to be based on their precious metal content. The market value of that precious metal is generally much higher than any face value the pieces may carry as a formality.

While most coin collecting guides stress that collecting should be for fun, with potential for profit only an ancillary benefit, that suggestion does not apply equally to bullion coins acquired for investment.

Bullion coins are minted by government and private mints for a variety of countries. Most are considered legal tender in the country whose name they carry. Although primarily purchased as investments, their attractive designs and sometimes rarity mean they are also often prized by collectors.

One important characteristic of bullion coins that sets them apart from collector coins is the way they are sold. Most mints do not offer the bullion coins directly to collectors and dealers because mints are not geared to the business of maintaining the two-way market that the bullion marketplace requires. A two-way market means a seller will also buy a bullion coin back, at prevailing rates. (Mints sell collector coins and sets directly to customers, both collectors and dealers, and similarly don’t buy the coins back. The collector coins trade in the secondary market.)

At the front end of the market, the government mint that produces the coins usually sells them to a few large distributors. The two-way market begins with these distributors, who then sell the bullion coins to a wider network of wholesalers, from whom retailers purchase the coins for sale to bullion coin investors and collectors.

Because the government is not an investment firm, the government does not buy the coins back from distributors. The tiered distribution system’s most important function is to provide the buy-back market that allows investors to perceive a market value for the pieces. However, while large distributors will buy back bullion coins, smaller distributors may be less able to do so, particularly in a rapidly shifting market.

Producers (mints) price the coins based on the value of the metal in the coins at the time of sale. The pricing also includes manufacture, storage, delivery and other costs, but is much closer to a coin’s actual cost than pricing for most collector coins.

World mints charge a premium of a varying percentage above these costs to generate a profit. The percentage of the premium is higher on smaller-sized coins because, per ounce, associated costs are higher. Making and packaging, for example, 10 tenth-ounce coins will cost more than the same for one 1-ounce coin.

Bullion coins are often sold in high finenesses, or with guaranteed silver content at 1-ounce or multiples or fractions of ounces, making the calculation of silver value a matter of simple mathematics. The coins are therefore easy to trade or liquidate, as owners merely need to multiply a “spot” price by a coin’s precious metal weight to arrive at its value at the time of a transaction.

The value of the measure of silver in historic U.S. coins sometimes bought and sold at prices related to their precious metal value is not as simply calculated. For example, one such piece, an average circulated Morgan silver dollar, contains .86 ounce of silver, not a nice round number.

The first world bullion coin

While the concept of silver bullion coins has been developed and expanded over the past 30 years, the idea of a silver bullion coin really originated with the Maria Theresa taler. The .8333 fine silver taler, measuring 39.5 millimeters in diameter, weighing 28.067 grams and carrying her portrait, was issued by more than a dozen mints before her death in 1780. The coin was so famous that restrikes are still struck today by the Austrian Mint with the 1780 date.

“The taler coin long has been accepted internationally, not only in Europe, but in areas of the world where a firm local coinage did not or does not exist,” according to the Coin World Almanac, 8th edition. “It is not the only coin that enjoyed wide acceptance, but it is by far the best known.”

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After the Silver Price Rally Last Week, Watch These Three Factors

2016-06-14T02:38:00.000-07:00

After the Silver Price Rally Last Week, Watch These Three Factors

As last week's silver price action demonstrated, the correlation between the dollar and metals market has been strange recently.

Remember, the downbeat jobs report tanked the dollar and boosted silver prices two weeks ago.

And that silver strength continued to follow through in the first half of last trading week.

Then, something bizarre happened. As the U.S. Dollar Index (DXY) regained some strength, the silver price continued to rise. We already know that precious metals tend to move inversely to the dollar, but there are times when the trend doesn't hold.

In fact, there have been multiyear periods when the two move in the same direction.

Despite the rising dollar, silver's recent strength has taken the metal's price back above $17.

Today, I'm going to look at three recent and upcoming events and what they mean for the price of silver in the near term.

First, let's look at last week's strange – and strong – silver price performance…
Why the Silver Price Gained Nearly 6% Last Week

After finishing the previous week strong, silver prices kicked off last week on a quiet note. The white metal opened at $16.39, but moved only slightly higher on the back of a weakening U.S. Dollar Index. By the close, the price of silver gained 0.6% to $16.45.

On Tuesday, June 7, the silver price saw a slight loss as the metal went into consolidation mode. Despite the DXY heading mostly lower, prices declined 0.7% to settle at $16.34.

But that set the stage for what came on Wednesday…

Silver prices marched above the $17 mark for the first time since May 18. By the end of the day, the metal posted a big 4% gain and closed at an even $17.

This coincided with a decline in the dollar…

Thursday saw more silver price strength. After falling below $17 in early morning trading, prices reversed, climbing 1.4% to close at $17.23 on the day.

Again, this happened despite the DXY rising from 93.50 to 94.

Once Friday, June 10, rolled around, the price of silver managed to post a modest gain of 0.3%. With that, the metal closed at $17.33 for a weekly gain of 5.9%.

And last week's rally was the result of these three events that will continue to shape the performance of silver prices in the near term…

The Three Factors That Will Influence the Silver Price in the Coming Weeks

The first factor is recent volatility in global markets.

Over the last five trading sessions, the S&P 500 and Dow Jones Industrial Average have fallen 0.1% and 0.3%, respectively. Meanwhile, Asian and European markets lost about 0.6% and 2.2% on Friday alone.

Given the action of both silver prices and the U.S. dollar over the last couple of trading days, I get the sense that investors are looking to the metal for its safety appeal. As stocks plunged globally, precious metals and the dollar rallied as traders flocked to safe havens.

Here's a recent chart for the price of silver…

On Friday, silver had returned to the 50-day moving average. Now, prices have clearly moved above that line, while both the relative strength index (RSI) and moving average convergence divergence (MACD) – both of which measure the strength of silver's price movements – have turned upwards. Those trends provide bullish support for silver prices.

This changes the near-term outlook, as the probability of further weakness is diminished. But I would not rule it out completely. Interestingly, gold and silver stocks saw a slight sell-off despite the metals prices moving up.

Of course, the market's looking forward to this week's FOMC meeting, which is the second event that will move silver prices. After the dismal May jobs report, the markets seem to think the Fed won't raise interest rates. I don't think they will, and these odds are probably priced in by now.

In fact, it wouldn't surprise me to see a weak silver price performance if the Fed decides not to hike rates. After all, it appears we're moving into a "buy the rumor, sell the news" scenario.

As for gold prices, I expect traders and investors will already be looking forward to the third macro issue – the Brexit vote on June 23. I think that will end with a small majority for Britain to remain in the EU. If that's the case, it could weigh on silver and gold as concerns dissipate.

But globally, I see more market uncertainty, which will be a great boon for both gold and silver prices.

Article written by PETER KRAUTH, Resource Specialist, Money Morning • June 13, 2016

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Monty 2106 Saltwater Crocodile Carded Silver 1oz Coin RAM

2016-06-14T02:02:00.001-07:00

The fourth crocodile to be featured in the annual Australian Saltwater Crocodiles series, a proud twelve-year collaboration with Australia Zoo. The Australia Zoo family has always seen another side to them with the Crocoseum providing the opportunity for visitors to discover their beautiful, graceful and playful qualities.

Monty is one of Australia Zoo’s star crocodiles, who has been treated and raised with love since he was captured in 1975. He has been nurtured over the years, and grown to an amazing 3.7 metres and 400 kilograms. As well as being a star attraction to many Zoo visitors, he also starred alongside Steve and Terri Irwin in the 2002 film The Crocodile Hunter

SPECIFICATIONS:

Denomination	Metal	Diameter	Mass	Finish	Mintage
$1	99.9% Ag	40.00mm	1oz	Frosted Uncirculated	5000

You can purchase this Monty 2106 Saltwater Crocodile Carded Silver 1oz Coin directly from the Royal Australian Mint

#Silver #AustraliaSilver #RAM #RAMSILVER #SilverCoins #Coin #Proof #SilverBullion

It is Silver With The Biggest Upside Potential in 2016 & Beyond

2016-03-28T21:57:00.000-07:00

Silver is likely to continue its uptrend in 2016 in beyond with a number of key factors working in the white metals favour

All Time High of $50.00

In March 2011, Silver reached levels close to $50.00 for the first time since 1979 when the hunt brothers cornered the physical silver bullion market. Today's price being $15.30 more than 300% away from this level and hence a long way off the recent high. The 10 year low is around $10 meaning just a 65% fall in the price would retest these levels.

There looks to be substantial upside price potential, firstly its association with gold means it could run based on it being a monetary metal, or due to heavy industrial usage, new technology patient applications on a mass scale or a combination of investment, medicine, technology and industrial, & jewelry usage making silver a heavily demanded metal due to so many of its properties being both sought after and uncommon in the metal world.

Gold to Silver Ratio

There is a significant upside for the Silver which got as low as 32:1 in 2010, currently in 2016 we are at a 10 year high in the Gold to Silver ratio which historically is also near the highest recorded at 80:1. Silver has a massive potential to increase in this ratio during 2016 and over the course of this precious metals bull run.

Gold to Silver Mining Ratio

Typically, 10 ounces of silver are actually mined for every 1 ounce of gold mined. On an annual basis, roughly 900 million ounces of silver are mined overall compared with just 90 million ounces of gold, however potentially The below ground ratio of silver to gold has been estimated at 17 to 1.

The ratio of investment grade gold existing in bullion form is as much as five times that available for silver.

ll the gold ever mined has been estimated at 160,000- 170,000 tons of gold or roughly 5 billion Troy Ounces. A reasonable estimate for the total amount of silver mined is 56 billion Troy Ounces. This makes the “ever mined” ratio roughly 11.2 to 1.

Gold to Silver Historical Ratio *

In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. The average gold/silver price ratio during the 20th century, however, was 47:1,

The Gold to Silver spot price ratio is now at around 80:1 so historically way above the 1700's, 1800's and 20th century ratios, and given the amount of silver consumed vs gold it seems certain the ratio will come back to resemble earlier times in our history.

Silver is More affordable

As its around 80:1 vs Gold, it is far more affordable to the average person, this alone will be a big volume demand driver as popularity as an investment or any new high usage application such as Solar Panels or Catalytic converters, Silver supply could easily get overwhelmed with any kind or new or significant demand increase.

The Commodities Cycle

Commodities prices have had a rough time of it the last 18 months with many base metals recently bouncing off 10 year lows, this has caused many producers to move into care and maintenance and discontinue operations such as nickel and iron ore mines, as the majority of silver is produced as a by-product from these operations necessarily the supply side of silver had been reduced, this should go a long way to driving the price up as the supply side reduction will mean a higher price point in the futures market as producers out-bid each-other to ensure supply of the essential element.

Joseph Gale

Silver to Gold Ratio Charts - https://www.kitco.com/Gold_Silver_Ratio_Charts/gold-silver-ratio-charts.html

#Silver #SilverNews #SilverGold #1for1 #Galeforcesales #SilverInvestment

* Historical Ratio Data - https://en.wikipedia.org/wiki/Silver_as_an_investment

Gold and Silver Supply Data - http://www.silver-coin-investor.com/Gold-and-Silver-Supply-Will-the-Real-Ratio-Step-Forward.html

Five Years That Changed Silver Forever

2016-03-28T03:02:00.000-07:00

Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets.

What you will not hear is how a specific development has transpired over the past five years that ensures a coming explosion in the future price of silver beyond the most bullish predictions and optimistic upside targets. You’re also not likely to hear that the stunning decline in the price of silver over the past five years was a deliberate feature of an unusually bullish development that promises to change forever the future price landscape.

While I have closely researched the silver market for more than 30 years, uncovering more original findings (including silver’s price manipulation) than anyone, I fully admit that I did not immediately see the monumental change that began to occur five years ago. This astonishing development that had begun in 2011 did not come clear to me until late 2013.

I discovered that the largest U.S. bank, JPMorgan Chase, began to accumulate massive amounts of physical silver starting in 2011 and has continued that accumulation to this day. All told, I believe JPMorgan has acquired somewhere between 400 and 500 million ounces, the largest privately held stockpile of silver in history.

What this means is that the future price of silver is now destined to move far higher in price than anyone can imagine. I wasn’t looking for something to come along that would supersede my already ultra-bullish outlook on silver, but that is what occurred. That’s because the obvious motive JPMorgan has whenever it acquires a large investment position is to profit on that position to the greatest degree possible. And since JPMorgan is now in position to profit enormously when silver prices soar, that means anyone holding silver will profit as well.

How did JPMorgan come to acquire hundreds of millions of ounces of physical silver? It was a circuitous route, beginning in the financial crisis of 2008 when JPMorgan took over a failing Bear Stearns, then the largest short seller in COMEX gold and silver futures contracts. JPMorgan stepped smoothly into Bear Stearns’ role as the main silver and gold price manipulator and proceeded to drive the price of silver from $21 in March 2008 to under $9 through massive short sales on the COMEX. In the years that followed, JPMorgan continued its new role as the largest short seller in COMEX silver and reaped billions of dollars in ongoing profits by shorting silver on price rallies and buying back those short positions after it rigged the prices lower.

With manipulative intent and practice, JPMorgan continued to make illicit profits on the short side of COMEX silver until late 2010. Then a developing physical shortage in silver drove prices to almost $50 by the end of April 2011. JPMorgan was not prepared for the developing physical shortage and the price run up nearly crippled the bank. That’s when it dawned on JPM that it was on the wrong side (the short side) of silver and the bank resolved to get on the right side – the long side. But first, JPMorgan had to get off the short side.

JPM did this by causing silver futures prices to plummet with the full consent of the COMEX and government regulators at the CFTC, a process that has continued to this day. JPM regained control of silver prices on May 1, 2011 and by driving prices sharply lower killed off the developing investment demand that was causing the physical shortage. But while JPMorgan regained control of silver prices on the COMEX, it could not buy as many futures contracts as it desired without causing prices to soar – it needed another angle. That other angle was for the bank to begin to buy physical silver while it continued to sell short COMEX paper futures contracts. This way, JPMorgan could have its cake and eat it too – continuing to profit on paper short sales while acquiring physical silver at the depressed prices it had created. I labeled JPMorgan’s actions as the perfect crime in a public article in December 2014.

JPMorgan behaved illegally in manipulating prices lower while accumulating all the physical silver it could. However, there is no limitation on what any entity can hold in a physical commodity position. Limitations exist (loosely enforced) on what traders can hold in futures and other derivatives, but no such limitations apply to physical positions. This cleared the way for JPMorgan to hold as much physical silver as it could. Since the price of COMEX silver determines the price for silver throughout the world, this put JPMorgan in the catbird’s seat, by enabling it to depress the COMEX price and then scooping up physical silver in prodigious quantities and at ridiculously depressed prices.

As far as the forms of physical silver that JPMorgan has acquired over the past five years, the simple answer is in any form that could be acquired in size. Most of the silver that JPMorgan acquired was in the form of 1,000 ounce bars, the industry standard for silver and the kind deliverable on COMEX futures and held in the worlds silver ETFs and other investment vehicles. JPMorgan has secured hundreds of millions of ounces from the big silver ETF, SLV, and in deliveries against COMEX futures contracts, some of it held in JPM’s own COMEX warehouse, which opened for business in May 2011 and is now the largest COMEX silver warehouse (confirming my timeline). Their warehouse now holds 70 million ounces and is their most visible holding. Harder to see is the 100 million ounces they likely have in their London warehouse where they moved out 100 million ounces of other people’s silver to make room for their own in 2012.

But JPMorgan has also bought silver in the form of American Silver Eagles and Canadian Maple Leafs to the tune of 150 million ounces over the past five years, quickly re-melting the coins into 1,000 ounces bars because it would be impossible to sell so many coins in coin form. In fact, the curious riddle of record sales of Silver Eagles and Maple Leafs over the past five years coupled with bona fide reports of weak retail sales of these coins was an important clue that someone big was buying many of the coins, roughly 50% of all such coins sold.

When I say I wasn’t looking to uncover the most bullish development ever in silver that is an understatement. But as an analyst, I look to the data first and foremost. Not only has that data tipped me off to what JPMorgan has been up to, the continuing flow of public data confirm my conclusion daily. Everything from COMEX silver warehouse movement, deliveries against futures contracts, changes in the big silver ETF, SLV, sales of silver coins from the U.S. and Royal Canadian Mints point to the massive accumulation of silver by JPMorgan. They are positioned to make $100 billion or more in a runaway silver market. They will make $1 billion on a $2 rise in silver.

The very last thing I would be interested in at this stage of my life, is to come up with some wacky premise that threatened to undermine many of my previous findings. I studiously avoid anything that would damage a reputation I have spent decades constructing. On the other hand, if I have discovered the most shockingly bullish silver development ever, how could I not proclaim it far and wide?

I have discovered that JPMorgan has accumulated more physical silver than any private entity in history and I don’t care if great numbers of observers come to agree with me or not. I will openly discuss this with anyone who has questions, but most importantly I would remind you that if I am correct in my assertion anyone who aligns themselves with what JPMorgan has done and buys silver will most likely reap financial rewards of truly amazing proportion.

Source: Ted Butler -March 24, 2016, For subscription info please go to www.butlerresearch.com

#Silver #SilverNews #SilverInvestment #Bullion #GoldSilver #Gold #1for1 #TedButler #JosephGale

Silver Polishes Up As Alternative Safe Haven to Gold

2016-03-09T02:21:00.001-08:00

Silver, or poor man's gold as it is known, is largely overlooked as a safe haven asset, but it is now hitting a purple patch and attracting investors.

"Silver right now is really undervalued," said management consultant and investor, Tung Nguyen.

"If you look at the long term historical trends, at the value between gold and silver, the research I did it normally tracks between 30 and 60 and now it's in the 80s. So silver right now is a bargain."

Eighteen months ago Mr Nguyen liquidated all his assets and, after reading dozens of books, invested more than half his money into gold and silver.

As a first generation Vietnamese immigrant, Tung Nguyen said financial security is important to his family.

"We were really worried about where the economy was heading," said Mr Nguyen.

"We felt that Australia was really heavily exposed to China, which is slowing down, and what that meant was the share prices and the property prices would have to come down.

"And so I was trying to find something that would provide us with a bit of a hedge in case those asset classes came down."

Tung Nguyen buys his silver and gold bars at ABC Bullion.

The company's chief economist Jordan Eliseo said demand from retail investors - particularly self-managed super funds - is enjoying a big upswing.

"We have seen precious metal turnover go up by a factor of six since the GFC (global financial crisis)," he said.

"In terms of dollar values sold very much around 50:50 around gold and silver - both assets are increasingly popular amongst investors looking for a safe haven asset in their portfolios."

Silver Price Resurgence

After dragging along at $US4 or $US5 an ounce through most of the 1990s, silver hit highs of almost $US49 in 2011.

Like gold, it then went on a general slide downwards, until this year. It has now bounced back up to $US15.60.

Brokers use the spot price to buy on behalf of retailers, but a benchmark price on the London Bullion Market - set by an electronic auction mechanism - is used by large traders, such as miners and jewellers, to settle silver products and derivatives contracts.

It was thrown into disarray in January when the benchmark price was set far below the spot and futures price, leading participants to claim the system is broken.

"The problem with the setting of prices in London is that there's not the depth of market makers there," said BetaShares chief economist David Bassanese.

"So you've had the price formally set on occasion falling well outside the range on futures markets for example."

Most of the purchases come from industrial fabricators, where global annual demand is 600 million ounces of silver.

Silver is used in electronics, including mobile phones, in the solar industry, and for producing plastics and detergents.

"Industrial demand has stayed incredibly strong because of silver's qualities as a metal, and businesses finding applications they can utilise silver in." said Mr Eliseo.

"Prices have risen, but it is such a small component they haven't rushed to find replacement metals, unlike gold which is almost exclusively a monetary metal and used for investment purposes.

"Silver will be wearing that industrial and monetary metal status for many years to come."

Tung Nguyen certainly hopes so as he is holding on to his stockpiles for now.

"Extremely happy," he said. "My son's also an investor, he's 14 years old and he's sitting on a small stockpile of silver as well."

A long play for such a young investor.

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KEYWORDS - silver, silver news, silver price, silver investment, silver gold, silver bullion, silver coins, silver investment news

Snap Silver Up - This is when Weak and Impatient Hands Sell Down

2016-03-06T16:58:00.001-08:00

Exactly like gold and great materials stocks, Silver (and gold) has been range-bound for so long now there is a segment of the physical silver (and gold) stacker community that are taking this opportunity to exit or to sell down and take (very small) profits.

Snap Silver Up -This is when Weak and Impatient Hands Sell Down

This is to be expected and cited commonly as weak hands being shaken off the bull.. a great metaphor! This has the impact of keeping Silver range-bound or trading only temporarily at these levels as more silver enters the market capping the price.. once these weak hands have sold off into strong hands and silver is locked away deep in a vault we will move up to higher levels again.. great opportunity to hold and make really nice profits or increase equity.

Silver Price - sustained move to the upside in 2016, Will in Continue?

Silver has been on the rise during 2016 and given last year a similar trend played out before capitulating many are taking this opportunity to sell down as there is always a chance this will again be the case and taking profit is a favourable in a market where many commodities near the bottom of a 10 year price spectrum.

For those accumulating at the moment.. bargains abound as physical silver is plentiful for the time being and you will be unlikely to secure silver so close to spot in the future as people will be increasingly reluctant to part with there best performing asset, also as news of Silver potent recovery spreads market participation will increase with additional demand only increasing silvers price - As the great Peter Schiff says.. "Don't Look a Gift Horse in the Mouth"

The Silver to Gold ratio is trading near its all time high (currently 80 Ounces of Silver for 1 Ounce of Gold) so i would expect Silver to reverse and starting reducing the ration back towards 20:1 - We will likely see a retest of $50 US before this bull run plays out.

By Joseph Gale

silver, physical silver, silver gold, silver stackers, silver gold bullion, silver bullion, silver coins, silver stackers, silver news, silver investment

Perth Mint 10 Kg 2016 Lunar Monkey Silver Coin

2016-02-29T13:51:00.001-08:00

The Perth Mint announced that it will soon be selling its 2016 Year of the Monkey 10 Kilo Silver Coin on a mint-to-order basis.

The Mint’s Web site notes that this item has a maximum mintage of 150 pieces.

The reverse image depicts two monkeys sitting in a peach tree; peaches are a traditional symbol of longevity and immortality. Inscribed near the rim of the coin are the Chinese character for ‘monkey’ and YEAR OF THE MONKEY, along with the Perth Mint’s ‘P’ mintmark.

The obverse features Ian Rank-Broadley’s portrait of Queen Elizabeth II, with the inscriptions ELIZABETH II, AUSTRALIA, 10 KG 999 SILVER, 2016, and the denomination of 300 DOLLARS.

The Year of the Monkey alludes to 2016’s place in a twelve-year lunar cycle according to Chinese astrology. The Year of the Monkey pertains to those whose year of birth includes 1956, 1968, 1980, 1992, 2004, and, of course, 2016. People born in the Year of the Monkey are said to be intelligent, optimistic, and ambitious, according to a Mint press release.

The 2016 Year of the Monkey 10 Kilo Silver Coin will be available from the Perth Mint’s authorized bullion distributors – To purchase this coin visit the Perth Mint Bullion Program

Titanium Great White Shark Coin Available From the Pobjoy Mint

2016-02-29T13:26:00.001-08:00

The Pobjoy Mint’s newest colorful titanium coin, issued on behalf of the British Virgin Islands government, features the powerful great white shark. In addition to the turquoise titanium $5 coin, an Uncirculated copper-nickel dollar and a Proof .925 fine silver $5 coin with the design are also available.

The Great White Shark is getting the Titanium treatment from the Pobjoy Mint.

The great white shark (Carcharodon carcharias) is a species of large shark that can be found in the coastal waters of all the major oceans. Great white sharks are estimated to live as long as 70 years or more. The great white shark has no natural predators other than the orca and is one of the primary predators of marine mammals.

A great white has a white underside and a gray dorsal area. This coloration makes the shark difficult for prey to spot, because it breaks up the shark’s outline when seen from the side. From above, the darker shade blends with the sea, and from below, the shark’s silhouette against the sunlight is minimized.

The reverse of the coins shows an underwater scene with a central image of a great white shark. The obverses carry an effigy of Queen Elizabeth II exclusive to the Pobjoy Mint.

Titanium is exceptionally difficult to strike and, because of the way the colored titanium reacts when striking, no titanium coin is exactly like another. A lined effect also present on the coins is unique to this metal.

COIN SPECIFICATIONS:

PURITY - .990 Fine Titanium
WEIGHT - Coin Weight 10 grams
MEASUREMENTS - 36.1 millimeters in diameter.
MINTAGE: limit of 5,000 pieces

Also Available are Copper Nickel and Silver Proof Versions - The Uncirculated copper-nickel dollar and Proof silver $10 coin each weigh 28.28 grams and measure 38.6 millimeters in diameter. The $1 coin has unlimited mintage and retails for $16.95. The $10 coin is limited to a mintage of 10,000 pieces and retails for $65.

Aggressive Silver Capping Continues

2016-02-27T16:25:00.000-08:00

At some point, the question becomes "why". With gold now up 17% year-to-date, silver is up just half that amount at 9.5%. And yet, the latest CoT report shows the highest silver Commercial net short position since 2008. Again, why? Why now?

Why are The Banks shorting Silver so aggressively?

That's truly the $64MM question. Why are The Silver Banks shorting so aggressively here? What's the difference in holding price below $16 versus $18 or $20? We'll get a look at the latest CoT data tomorrow but, for now, consider this:

There was a CoT survey taken on Tuesday, December 29, 2015. The closing price of silver that day was $13.93. The data showed that the Silver Commercial NET short position was just under 30,000 contracts as they were long 52,149 contracts and short 82,027.

The most recent CoT data released last Friday was surveyed back on Tuesday, February 16. That day, silver closed at $15.33. Versus December 29, price had risen by $1.40 or almost exactly 10%. And how had the Silver Commercial NET short position changed? They were now long 44,638 contracts and short 114,700 for a NET short position of 70,062 contracts. Again, this is the largest Silver Commercial NET short position since 2008.

Additionally, look at what has transpired in the six days since that last CoT survey. Total Comex silver open interest has risen by another 7,000 contracts, which very likely increases the Silver Commercial NET short position to over 75,000 contracts...all the while, price has actually fallen by 4¢.

Therefore, it isn't very difficult to predict what's likely to come next. A price raid. Do you recall this chart from last October?

Or how about this chart from last Friday?

Therefore, it isn't very difficult to predict what's likely to come next. A price raid. Do you recall this chart from last October?

It is abundantly clear that JPM and their fellow Big Shorts on the Comex are intent upon attempting to enforce lower prices. Otherwise, why would they be so adamant about selling into and capping every attempted rally? And this latest capping effort is the most egregious yet! It's perfectly fine for any entity, Commercial or Spec, to liquidate longs into an ongoing rally and, as noted above, the Silver Commercials have dumped nearly 7,500 contracts so far in 2016. However, what is definitely NOT fine is to allow the unlimited creation of paper silver in order to meet Speculator paper demand.

Again, note that the Silver Commercial gross short position back in late December was 82,027 contracts. That's a contractual obligation to deliver up to 410MM ounces of silver if called upon to do so. As of last Tuesday February 16, the Silver Commercial gross short position had grown to 114,700 contracts or 573MM ounces of silver. That's 60% of all the silver the world will mine in 2016!

So the questions must be asked again:

Where would price be today if the Silver Commercials had not sold and shorted so many contracts into this 2016 rally?
And if the buyer/seller equilibrium price was $18 instead of $15, what would be the difference?
And why are the Commercials so intent upon capping silver? Over the same time period, gold has risen 17% but the Gold Commercial NET short position remains below levels seen at price peaks in 2014 and 2015.

So, we'll have to see what happens next. Logic dictates that a price raid is coming that will allow the Commercials to buy back and cover some of their short position while the Specs stream for the exits. But then what? The chart above shows an increasingly untenable position for JPM and their friends. Paper price seems to have been driven as artificially low as possible, thus the effort made to hold it back is increasing. And we haven't even mentioned the gold:silver ratio!

What's the best strategy for dealing with all of this? For me, it's the continued, gradual stacking of physical silver. Predicting the precise date of the failure of the silver manipulation scheme is a fool's errand. But, fail it will, just as all price manipulations before it have similarly failed. And, WHEN it fails, the events will be spectacular to behold.

SOURCE - Written by Craig Hemke

Sales of American Eagle Silver Bullion Coin Break 2014 Record

2015-12-01T02:39:00.002-08:00

Sales of American Eagle Silver Bullion Coin Break 2014 Record

Sales of American Eagle silver bullion coins by the U.S. Mint on Nov. 30 helped the bureau establish a new record, with two and a half weeks worth of sales remaining to add to the count.

The sale Nov. 30 of 737,000 coins out of 920,500 allocated to authorized purchasers for the week beginning Nov. 30 raised cumulative 2015 sales totals to 44,666,500, or 660,500 coins beyond the record 44,006,000 set for calendar year 2014.

The authorized purchasers' Nov. 30 sales left 183,500 coins to fill orders for the remainder of the week ending Dec. 4.

U.S. Mint officials notified authorized purchasers Nov. 24 that the West Point Mint would continue to strike 2015 American Eagle 1-ounce .999 fine silver bullion coins through Dec. 7, with Dec. 14 likely being the last allocation date.

The U.S. Mint expects to begin taking orders for 2016 American Eagle silver bullion coins beginning Jan. 11.

January is the highest sales month for calendar-year 2015, with 5.53 million coins sold, followed by July with 5,529,000 coins. Additional monthly sales totals likely could have surpassed those two highs had sales not been under weekly restrictions because of the Mint's difficulty in acquiring sufficient planchets on which to strike the bullion coins.

The American Eagle silver bullion coins are not sold directly to the public. Instead, the coins are sold to a network of authorized purchasers who offer a two-way market for the coins. Orders are placed based on the closing London PM spot price per troy ounce plus a $2 premium per coin. The coins are then sold at a mark-up to other dealers, collectors and investors.

Sales of the American Eagle silver bullion coins to the authorized purchasers have been on weekly allocation for most of 2015 because of planchet shortages.

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Tags: American Eagle Silver, ase silver, silver coins, galeforcesales, galeforcesales silver, silver news, silver coin news, silver bullion, silver bullion news

1996 SILVER 999 1oz KANGAROO GOLD TONED

2015-10-24T23:39:00.001-07:00

Reverse of coin is completely tone free being original lustrous silver

1996 SILVER 999 1oz KANGAROO GOLD TONED

1996 1oz Silver 999 Kangaroo Carded Bullion Coin from the Royal Australian Mint

This coin is completely golden toned on the obverse .. see image.

Coin itself looks to be beautiful uncirculated,

Toning is 100% natural and has happened due to it not being in its original plastic sleeve in storage.

2016 Australia Lunar Monkey Silver Bullion Coin

2015-09-03T19:01:00.001-07:00

This Silver coin celebrates the ninth animal in the 12-year cycle of the Chinese zodiac. In Chinese culture, those who are born under the influence of this sign are said to be intelligent, quick-witted, optimistic, ambitious and adventurous.

The 2016 Silver Lunar Year of the Monkey coin features an adult monkey sitting on a branch of a peach tree, which is symbolic of lovevity and immortality.

The Australian Lunar Monkey silver coin is available in the following weights:

1/2oz, 1oz, 2oz, 5oz, 10oz and 1kg

2016 Silver Lunar Monkey available in 1/2oz, 1oz, 2oz, 5oz, 10oz and 1kg

The Chinese character for ‘Monkey’ and the inscription ‘Year of the Monkey’ also appears in the design with The Perth Mint’s ‘P’ mintmark..

The coin’s obverse depicts Her Majesty Queen Elizabeth II, the year-date, weight, fineness and the monetary denomination.

About the Design:

A pattern of lines forming a circle immediately inside the rim, surrounding a representation of an adult monkey and a young monkey holding a peach, sitting on a branch with leafy foliage and a peach to the side.

The coin includes the following inscriptions ‘Year of the Monkey’, the Pinyin pictograph pronounce ‘hóu’ and meaning monkey and the initials of the designer Ing Ing Jong ‘IJ’.

Keywords:

monkey, silver monkey, lunar monkey, perth mint monkey, bullion monkey, silver australia silver, silver coins, silver bullion

Chinese Nickel Imports Jump to 6-Year High as Shortage Looms

2015-07-22T15:37:00.001-07:00

Chinese Nickel Imports Jump to 6-Year High as Shortage Looms

China imported the most refined nickel in six years in a further sign that the world’s biggest consumer is drawing on global supply. Futures rose 2.4 percent in London.

Inbound shipments of the metal used to produce stainless steel surged 67 percent to 38,545 tons in June from the previous month, the highest since July 2009, and were more than three times the level a year earlier, Chinese customs data show.

Goldman Sachs Group Inc. and Citigroup Inc. are bullish on prices amid prospects for rising Chinese demand. Macquarie Group Ltd. sees a global shortage which may cut inventories further from a record. Stockpiles in London Metal Exchange sheds have already fallen to the lowest in almost two months. Some imports may have been for delivery against the first nickel contract to expire on the Shanghai bourse, said Celia Wang from Tianjin Zhongwei Group’s investment department.

“Huge imports arrived in China from LME warehouses as traders seek profits by delivering against the first settlement of a Shanghai nickel futures contract,” said Wang, the general manager. “Refined nickel imports are expected to remain at a high level into July.”

The Shanghai Futures Exchange started nickel trading in March and the July contract was the first expiry. The bourse is accepting metal from Moscow-based OAO GMK Norilsk Nickel, the top supplier, for settlement to ease concern about shortages.
Goldman, Citigroup

Prices climbed 2.4 percent to $11,980 a ton in London on Tuesday, the highest level since July 6, before trading at $11,875. Goldman expects rates to increase to $14,000 as the market heads toward a deficit next year, analysts including Yubin Fu wrote in a report dated July 6. Citigroup predicts a 2015 average price of $13,960 and maintains a bullish outlook.

Imports of ferronickel rose more than threefold on year to 62,511 tons, another sign China is seeking foreign supply.

An Indonesian ban on exports of nickel ore at the start of 2014 spurred China to stockpile the material and boost supplies from the Philippines, the only other major source. Inventories of nickel ore in China are now at their lowest since September 2011, according to data from Beijing Custeel E-Commerce Co.

China imported more than 100,000 tons of refined nickel in the first half for the first time since 2009 when buyers took advantage of a slump in demand after the financial crisis.

New Engelhard Australia Silver Bullion Bars

2015-07-18T07:03:00.003-07:00

Engelhard Australia is back! This historic brand is once again producing investment bullion bars. Engelhard silver bars are attractively cast with the modern Engelhard Australia logo on the front, and the weight and fineness on the back.

Every bar is Every bar is serialised and individually boxed in a protective cardboard shipper for protection.

These bars are available in 5oz & 10oz

See more about Engelhard Australia Silver Bars

New Engelhard, engelhard Australia, australia Silver, silver Bullion, bullion Bars

- See more at: http://australiasilver.blogspot.com.au/2015/07/new-engelhard-australia-silver-bullion.html#sthash.klqHJxNR.dpuf

New Engelhard Australia Silver Bullion Bars

2015-07-18T07:03:00.001-07:00

Every bar is Every bar is serialised and individually boxed in a protective cardboard shipper for protection.

These bars are available in 5oz & 10oz

See more about Engelhard Australia Silver Bars

New Engelhard, engelhard Australia, australia Silver, silver Bullion, bullion Bars

- See more at: http://australiasilver.blogspot.com.au/2015/07/new-engelhard-australia-silver-bullion.html#sthash.klqHJxNR.dpuf

Perth Mint Gold and Silver Bullion Sales Jump in June

2015-07-13T17:34:00.001-07:00

Demand for Australian bullion coins surged in June, the latest Perth Mint figures show. Gold sales scored their highest level since March and silver sales moved the quickest since April. Bullion sales did retreat from a year earlier, however.

Perth Mint sales of gold coins and gold bars advanced 31,019 ounces last month, rallying 43.1% from the 21,671 ounces sold in May but down 21.3% from the 39,405 ounces delivered in June 2014. Gold sales through the first half of the year tally to 168,650 ounces, off 30% from last year’s starting six-month total of 240,991 ounces.

Perth Mint silver coins at 384,586 ounces in June jumped 13.9% from the prior month’s 337,511 ounces yet slipped 34.4% from sales of 586,358 ounces in June of last year. For the first half of 2015, silver sales combine to 2,810,994 ounces for a drop of 18% from the same six-month start in 2014 when sales reached 3,428,336 ounces.

Perth Mint Gold and Silver Sales by Month

Below is a monthly breakdown of Perth Mint bullion sales from June 2014 to June 2015.

Perth Mint Bullion Sales (in troy ounces)
	Silver	Gold
June 2015	384,586	31,019
May 2015	337,511	21,671
April 2015	472,273	26,545
March 2015	638,557	34,260
February 2015	392,114	31,981
January 2015	585,953	23,174
December 2014	477,731	40,211
November 2014	851,836	49,904
October 2014	655,881	55,350
September 2014	756,839	68,781
August 2014	818,856	36,369
July 2014	577,988	25,103
June 2014	586,358	39,405

United States Mint Bullion Sales in June

U.S. Mint bullion sales in June soared over the prior month and the year ago levels. The agency’s core American Gold Eagles at 76,000 ounces leapt 253.5% higher than May sales and jumped 56.7% higher than sales in June 2014. Its flagship American Silver Eagles at 4,840,000 ounces in June surged 139.2% from the prior month and rallied 79.8% from a year ago.