Silver

Gold averages down on 2 of the fixes but silver gets hit with the triple whammy...

Charts by Nick Laird. Silver Open Interest Ballooning Out, Net Positions, Producer Merchant Processor User Positions

Fabrice Drouin Ristori interviews silver market expert David Morgan about the silver price manipulation, the coming big reset of the international monetary system and the financial markets

I am going to try to explain the backwardation, a very technical aspect of the gold and silver market, albeit a very important one, if one wants to understand their price evolution.

US Mint coin sales. For the 2nd month in a row investors have purchased more $ value of silver than gold.

It is said that a picture is worth a thousand words, so let us analyze this relation between gold and silver with some graphs. Gold and silver have their own markets; they sometimes converge and they sometimes diverge, but there is always an important correlation between the two.

Germany’s top financial regulator said possible manipulation of currency rates and prices for precious metals is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion.

Despite its miserable 2013, latent investor interest in silver remains strong. This manifested in robust worldwide demand for physical silver driven by its lower prices.

In this interview with Jesse, we discuss the issues at the very centre of the gold market today : COMEX/LBMA manipulation, default event and how investors should react to the long correction in precious metals.

The Volcker Rule, forbidding the largest U.S. banks from trading with their proprietary accounts, has just been approved and will take effect on April 1st, 2014. What impact will it have on the gold and silver markets?