SIL Miners ETF (SIL)

[Pro-Life]

Metals coming into high season... looking for upward pressure.

[eddyimano]

I have never paid attention. Thanks for the information.

[Pro-Life]

Precious/semi-precious metals have risen to the top of the futures market at the same time... I have never seen this previously. Maybe it has happened in the past and never did I take notice... have you?

[eddyimano]

I saw your messages. I don't understand exactly what you are trying to say

[eddyimano]

If SIL is silver miners 3x leverage, I would like it, but it is not. Too slow for me. JNUG moves more and I like it better.

[eddyimano]

SVCMF, this stock is hot lately. What is coming?

[Pro-Life]

Gold And Silver Smell Central Bank Blood
Posted on July 1, 2016 by The Doc

http://www.silverdoctors.com/silver/silver-news/gold-and-silver-smell-central-bank-blood/

It’s clear that the Central Banks are desperate to keep the stock markets from plunging, despite the fact that the deterioration of economic and financial fundamentals globally – including and especially in the U.S. – has begun to accelerate.

Smart investors smell Central Bank blood and the latest market intervention just reeks of desperation. This is the dynamic that is propelling gold and silver higher, despite the preponderance of bearish calls from all corners of the market, including many precious metals market analysts.

The Central Banks went overboard with the latest round of stock market intervention. The recent increased movement of investment funds from fiat-based “assets” into gold/silver reflects the more widespread perception that the Central Banks are trapped by long series of bad policy decisions. The obvious conclusion is that Central Banks are now forced to hyperinflate the money supply or face a total stock market collapse.

Of course, the hyperinflation of currencies will do nothing to stimulate real economic growth or fix the completely unmanageable global debt and derivatives problem.

[Pro-Life]

Yep, and just off the highs for the year...

[Pro-Life]

Any doubts left about the $SILVER bull??? It's on!!!

[Pro-Life]

$USD tanks hard... Gold/Silver power ahead yesterday...

[Pro-Life]

Silver Miners’ Q1’16 Fundamentals
Adam Hamilton | May 20, 2016 - 11:39am

http://www.silverseek.com/commentary/silver-miners’-q1’16-fundamentals-15589

I want to look at the elite silver miners’ results, the biggest and best companies out there with the most-widely-held stocks. And they are all owned by the overwhelmingly-dominant silver-stock ETF, which is the SIL Global X Silver Miners ETF. As of this week SIL had $286m in assets. That was a whopping 6.2x larger than its next-biggest competitor’s mere $46m, the SLVP iShares MSCI Global Silver Miners ETF.

There is so much more including a graph and TONS of embedded hyperlinks at the URL above...

[Pro-Life]

Gold & Silver shouting loudly: "Danger, danger."

[Pro-Life]

A Powerful Signal for the Coming Silver Rally

http://www.kitco.com/commentaries/2016-04-19/A-Powerful-Signal-for-the-Coming-Silver-Rally.html

Tuesday April 19, 2016 13:00

The silver price and the US Dollar/South African Rand exchange rate (USD/ZAR) have a very interesting relationship that goes back a long way. Due to the nature of this relationship, I have found the USD/ZAR chart to be a good tool for determining a silver bottom.

In Jan 1980, when silver peaked at about $50, the USD/ZAR was trading at around 0.817. Today, the USD/ZAR rate is trading at about 14.366 – about 17.6 times higher than the Jan 1980 rate,
whereas silver is trading at $16.2 – almost three times lower than the Jan 1980 high.

So, in the long run, the two move in opposite directions. When the USD/ZAR rate is moving up, then the silver price is moving down, and vice versa. Furthermore, when the USS/ZAR rate is making a top, then a bottom in silver is normally very close (before or after the USD/ZAR peak).

In a related manner, the US Dollar Index provides a good signal for when gold rallies are coming.

Below is a basic short-term fractal analysis of the USD/ZAR chart (from fxstreet.com):



On the chart I have highlighted two possible fractals (with points 1 to 5). The fractals are very similar (the angle is a bit different), and importantly appear during similar conditions (relative to a Dow peak). The second fractal appears to have reached point 5, which is a short-term top for the USD/ZAR chart, and very likely a long-term peak (since 1980).

If it is indeed a long term peak for the USD/ZAR rate, then one should expect a very important bottom for silver around that date. Silver did make a bottom on 14 December 2015, about a month before the USD/ZAR top. This silver bottom will likely proof to be the ultimate low before the coming multi-year rally.

Below, is another comparison (from my 12 Feb 2016 premium update), showing the relationship between USD/ZAR peaks and silver bottoms:



On the chart (from tradingview.com), I have drawn blue lines at the 2001, 2008 and potential Jan 2016 USD/ZAR peaks. One can see how close to these peaks the 2001, 2008 and potential Dec 2015 silver bottoms were.

Given, the look of the Jan 2016 candlestick; it is likely that the USD/ZAR chart has peaked.

If it has indeed peaked, then there is a very strong likelihood that the December 2015 bottom in silver is actually the bottom since the 2011 peak. It is interesting to note that there is a 7-year interval between the silver bottoms.

For more on this and this kind of fractal analysis, consider learning more about my premium service.

Warm regards,

Hubert Moolman
https://hubertmoolman.wordpress.com/

[Pro-Life]

The monster bull run continues..

[Pro-Life]

Well, well, historic Golden Cross in $SILVER:

[stocktrotter]

This should create good support going forward. IMO

[stocktrotter]

SIL keeps looking better day by day! Love seeing the green

[Pro-Life]

Good news... Gold Surges Above Key Technical Level
Submitted by Tyler Durden on 02/03/2016 10:21 -0500

http://www.zerohedge.com/news/2016-02-03/gold-spikes-above-key-technical-level

[Pro-Life]

SIL... for the week +12.49%

[stocktrotter]

Nice few days here! Love the increasing PPS!!
Merry Christmas All

[Pro-Life]

No shock here... U.S. Mint Silver Coin Sales Reach All-Time Highs For Third Year Running
By Kitco News Wednesday December 16, 2015 12:55

http://www.kitco.com/news/2015-12-16/U-S-Mint-Silver-Coin-Sales-Reach-All-Time-Highs-For-Third-Year-Running.html

(Kitco News) - The U.S. Mint announced that the sale of American Eagle silver bullion coins reached an all-time high for the third consecutive year.

“Once again, global demand for the American Eagle Silver Bullion Coins drove sales to a record high, this year reaching 47,000,000, surpassing the 44,006,000 ounces sold in 2014 and the 42,675,000 ounces sold in 2013,” the mint said in a press release Wednesday.

Earlier this week, silver prices hit new multi-year lows, falling below $14 an ounce. March comex silver futures were last quoted up 3% at $14.185 an ounce, during the session.

“The mint broke last year’s record Nov. 30 when sales reached 44,666,500,” the mint said.

According to the press release, since the inception of the silver Eagle coin, the mint typically sold between three million and 10 million ounces per year of its silver Eagle coin for the first 22. “Since 2007, sales have increased nearly five-fold from 9,887,000 in 2007 to more than 44 million last year,” they said.

Based on the mint’s latest sales data, the silver Eagle coin sales reached 4,824,000 ounces last month and are at 2,333,500 ounces so far in December.

November and December have seen strong demand for the U.S. Mint’s bullion coins. Mid-November, the mint announce that it sold out of its one-ounce, one-tenth ounce and one-fourth ounce American Eagle gold bullion coins.

By Sarah Benali of Kitco News [e-mail]

[Pro-Life]

Sprott Unleashed: “Everything is a Lie… I Dream of the Day Comex Paper Exchange Can’t Deliver Gold”
Mac Slavo November 22nd, 2015

http://www.shtfplan.com/headline-news/sprott-unleashed-everything-is-a-lie-i-dream-of-the-day-comex-paper-exchange-cant-deliver-gold_11222015

Everything says to me that the demand for gold is in excess of the supply. And, of course, you wonder why the price would go down, but people look at the COMEX which stays manipulated, which is so obvious to me what’s going on. We have 5 tons of physical gold. We have something like 1500 tons of claims against that 5 tons. So to be quite direct about your question, yes, I kind of wonder any day, is somebody going to snatch those 5 tons of gold, and we end up with some kind of cash settlement. But then you have to think, if we would have a cash settlement, having taken gold from 1900 down to 1100, all under the threat of a rate increase for the last 5 years, which has never happened and may not ever happen, and then all of a sudden they’re like “well, really there is no gold here, we’ll just cash settle it at $1,100.” Meanwhile, we’ve lost $800 on a false claim. And perhaps maybe people in the know know about this, they keep the price of precious metals suppressed because they are the canary in the coal mines.

There is much more at the link above...

[Pro-Life]

$SILVER smashed again on Friday... what a sick criminal process...

[Pro-Life]

COLLAPSE OF THE WESTERN FINANCIAL SYSTEM: Shown In One Silver Chart
Steve St. Angelo | October 19, 2015 - 11:48pm

http://silverseek.com/commentary/collapse-western-financial-system-shown-one-silver-chart-14979

The collapse of the Western Financial System already occurred years ago. Even though the top banks continue to behave as if they are solvent institutions with functioning balance sheets, they are totally bankrupt without Fed & Central Bank intervention.

Charts and more are at the link above...

[stocktrotter]

Yeah, nice Bull too, making me $$$$

[Pro-Life]

The Bull is on... Yeppers....

[Pro-Life]

Silver stock calls flying off the shelves!!!

[stocktrotter]

Nice strong close above the Daily 50MA
We haven't had a strong close above the 50MA in quite sometime, maybe now it will turn up support a rise in the PPS past the last August little run.

I bought in 4 days ago! Good timing for a change!! LOL

[stocktrotter]

Interesting interview on what he says about silver! I hope he is right! LOL
I am buying 1700+ more shares for my ole silver treasure chest tomorrow. A broker friend of mine thinks I am absolutely nuts to do so. I think the downside is marginal and the the upside to be potentially exponential. IMO

I guess we will see and I think it will start to happen this year too.

[Pro-Life]

Jim Sinclair- Silver Will Be Gold On Steroids In Coming Rally

[Pro-Life]

Guess what??? Run on Silver Developing As Demand EXPLODES!
Posted on August 28, 2015 by The Doc

http://www.silverdoctors.com/run-on-silver-developing-as-demand-explodes/

In the Wake of “Black Monday” and the Past Week’s Crash of Historic Proportions, Alasdair Macleod Joins the Show to Break Down All the Market Action and What’s Coming This Fall, Discussing:

- After a Brief Rally, Bear Market Likely to Resume With a Vengeance- the END GAME IS APPROACHING!
- Run On Silver Developing As Physical Demand Goes THROUGH THE ROOF
- Is the Bond Market About to Find Religion?
- Alasdair Explains Why the Next Crisis (Which He Believes is Likely to Begin in About a Month) Will Spread From A Banking Crisis to a CURRENCY CRISIS
- In the Words of Eric Dubin: Its Going to Get REALLY UGLY
- The SD Weekly Metals & Markets With The Doc, Eric Dubin, & Alasdair Macleod is Below:

[Pro-Life]

CONFIRMED... Wholesale Silver Shortage…CONFIRMED
Posted on August 17, 2015 by The Doc

http://www.silverdoctors.com/wholesale-silver-shortage-confirmed/

US Mint Authorized Purchasers advised SDBullion Thursday that Silver Eagle allocations have been substantially declining every week since sales resumed.
2 weeks ago the US Mint made 1.4 million Silver Eagle coins available to Authorized Purchasers, last week only 1 million were made available, and SDBullion was advised that this week the number declined an additional 20%.

Further, US Mint officials reportedly are advising Authorized Purchasers that they will begin making the switch to 2016 Silver Eagle production in September, drastically reducing output of 2015 coins.
As it takes less than a day to change out dyes (in addition to the fact that in previous years the US Mint has halted sales in the November/December time-frame for the annual “switchover”) the evidence in our opinion points to the US Mint having extreme difficulties in sourcing raw material for Silver Eagle coins.

The Exclusive Distributor for the leading private mint 100 oz Silver bars in the US advised SDBullion on Thursday that the mint had been scheduled (and promised) to deliver 10,000 100 oz Silver Bars on Wednesday (1 million oz of a single private mint product), but was only able to deliver a little over 3,000 bars.

The Royal Canadian Mint reportedly did not release a single 1 oz Silver Maple to any of the Authorized Purchasers SDBullion spoke to this week.
This comes on the heels of a severe issue with the Royal Canadian Mint’s production of 10 oz Silver bars.

New orders for Sunshine Mint 1 oz Rounds are shipping to dealers/distributors on a 9 WEEK DELAY! Nearly the end of October!!!

The 3rd largest US wholesaler/distributor of precious metals with 21 warehouses usually stocked to the rafters with bullion advised SDBullion they have been CLEANED OUT.

Over the past 48 hours nearly all of the last remaining Live products at US Wholesalers (higher premium retail products from world mints such as the Perth Mint, New Zealand Mint, Banco De Mexico, Royal Mint, Austrian Mint, Armenian Mint, and the Chinese Mint) have virtually all been SOLD OUT at the wholesale level.

Bullion mainstays such as Johnson Matthey and RCM 100 oz bars have gone NO OFFER at several of the largest US wholesaler/ distributors.

There is more at the link above...

[Pro-Life]

Hammered... the whole mining complex... pathetic.

[Pro-Life]

New multi-month lows... crazy...

[Pro-Life]

Has The Global Run On Silver Begun? – SRSRocco
Posted on July 10, 2015 by The Doc

http://www.silverdoctors.com/has-the-global-run-on-silver-begun-srsrocco/#more-55727

I say, “it seems to point to a RUN on silver” due to several indicators I am looking at. This also may force the global silver market to suffer shortages in the future. Why? Well, let’s take a look at these different indicators.

Please, the charts and the rest is at the link above...

[Pro-Life]

Clear uptrend in place since March... SIL

[Pro-Life]

$SILVER refused to close below $16 in the front month:

(recent uptrend is still intact and marked by higher lows... )

[Pro-Life]

If you are not reading Bill Holter, the test read starts now:
Those Crazy Gold Bugs!
-- Posted Monday, 1 June 2015
By Bill Holter

http://news.goldseek.com/GoldSeek/1433170054.php

Rather than write about the economy, the markets or geopolitics, today let's look at something a little different. It's important every once in a while to step back and take in the big picture because we are all guilty of getting too close or "finite" if you will. We fight the daily battles while losing sight of what the war is really about. Gold advocates otherwise known as "gold bugs" have been worn down by the daily battles, some have even forgotten what the real war is. Gold bugs, these are the "crazies" out there who are described as nuts or "conspiracy theorists". We know now they were not "theorists" at all. JP Morgan's $32 billion paid in fines along with many other fined and censured firms is proof of conspiracy FACT!

The term itself "gold bugs" is disparaging as if gold advocates are like some sort of cockroaches running around and dirtying up the place. It is true that some "advocates" go off half cocked and see everything as a conspiracy, I have even come across some who are so fervent they believe in gold as some sort of "religion". It is not. "Gold" as JP Morgan once said "is money, nothing else". Gold is in fact money, it is real money that has value on its own and not "legislated" or as it is in today's world, "mandated upon" the public. Most Americans who are reading this may have a difficult time understanding it even though true, many foreigners are nodding their heads with a slight smile! It should be pointed out, everything these crazy gold bugs have been saying about the world from a "fiscal" standpoint has and is in fact coming to fruition. It has not happened "when" nor as soon as they believed it would (me included), because the current insanity of balance sheets could never have been imagined even 10 years ago ...however, "timing" does not change "the ending"!

Stepping back and looking at the forest rather than the trees, collectively a very large part of the world is in a state of bankruptcy even though not declared, recognized or admitted. No matter how you look at it or on what level (state, corporate or individual), the standard of living is broadly in decline globally. (Yes I know, that top 1% or even .1% is living well and improving with each drop of sucked blood they receive from the system.) While choosing this topic to write about, I had no idea how fortuitous the timing was. Within 15 minutes of beginning this piece, a link to an interview of none other than Alan Greenspan, Richard Fisher, and Lawrence Lindsey hit my inbox!

I could only chuckle after watching the interview because my entire writing can now consist of "yeah, what they said!". Rather than write an entire article on this, I believe it might be better to let you watch what I was going to write, and we can move on to the "motives" of these three telling "mostly" the truth. If you watch this interview, please keep in mind this one question "...and the alternative is"?

Why exactly would these former Federal Reservists hint that, mathematically, logically, intuitively and in real life, IT'S OVER! They did back peddle a little bit as the interview went on but "why" or better yet why now? I believe they know what the crazy gold bugs have been saying all along is true and the day of reckoning is very close at hand. They must be trying to get "out in front" of what is coming so they're on the record for historical and "legacy" purposes. Nothing else makes any sense. Are they "trying" to torpedo the system or to break confidence? I highly doubt it but after watching the interview, would any kid with a paper route invest their money into the current system? Are they trying to bad mouth the Fed now they are no longer employed there? No, in fact, they each one pointed the blame at Congress. It's Congress' fault we are in this mess! "They" (Congress) spent the money and made the promises which cannot be honored and will ultimately be broken.

There is a punch line of course, one these three men don't want you to hear! Actually, the joke AND the punch line are both one in the same, "the money itself is bad and is the core to ALL economic and financial problems!". You see, Congress could never had authorized all of the spending if the Treasury did not have the "money" in its coffers. Yes Treasury could have borrowed money but would have been restrained if "money" was gold or something "real". The only way that Congress has been able to get away with bankrupting the country was with the aid of ... yes, the FEDERAL RESERVE these guys used to work for! The Fed has in fact underwritten the scheme, if there was no Fed ...the leverage could never have been built into the system. Greenspan, Fisher and Lindsey of course know this but they can never admit it. Were they to admit it, it would be an admission that they knew all along they were driving the bus over a cliff ...with a roadmap wide open!

All three spoke about the current state of interest rates and the unsustainability of the situation. They ask "why", for what good reason are interest rates at levels only justified by a crisis? The answer of course is; we are still in a crisis, we never exited and if rates HAD been increased ...their greatest fears would have already been realized! Mathematically, rates cannot go higher because of the inability to service interest payments (not to mention blowing up the leveraged interest rate derivatives) would come front and center. They are trying to say the inability to pay is guaranteed to come ...but is a future event. If rates were to rise now, it becomes a current event. It's really this simple!

Lawrence Lindsey even said at the 45 minute mark, "this is how they all end ...including Zimbabwe"! All "what" Larry? Fiat currencies? Or central banks who issue them? This brings me to another article which has come out and ties in perfectly. Actually, it ties in so well we can bring this entire article full circle and back to one of the gold bugs most central theses. Zerohedge posted an article regarding a systemic bet being made by billionaire hedge fund manager Paul Singer. Mr. Singer's strategy is simple, he calls it the "bigger short". He believes interest rates have only one way to go, up. He also believes we will see far more staggering defaults than we did in 2008-09. He believes shorting the debt of the world is a no brainer trade and one where you can win ALL the marbles.

Zerohedge of course picked up on the "minor flaw" in this strategy. The very same flaw I might add that Harry Dent, Martin Armstrong and others are missing. You see, when you "win", you must be "paid", but paid in "what" is the question. Assuming Mr. Singer is correct and the system does collapse on itself and he "wins". His win of course will be HUGE ...but, he will be paid in dollars or euros or whatever fiat currency his trade is done in. What will his winnings be worth if the currency itself is worth nothing? It reminds me of Mikhail Barishnikoff in the movie "White Nights", he had a stack full of worthless rubles and threw them handful after handful up in the air while saying "rubles, rubles, lots and lots of rubles". He had money ...but it wasn't worth anything.

You see, the currencies themselves are supported by the very debt Mr. Singer is selling short and expects to collapse! Which now brings us back full circle to the crazy gold bugs. This is exactly what they have been saying all along, a debt default will also mean a collapse in confidence of the currencies themselves and direct "fear capital" back into real money. This will create huge demand, force supply into hiding and additionally revalue gold higher because the currencies themselves are losing value and confidence. Gold bugs are not so different from those who see the dangers in the system from overheated markets and overleveraged debtors. The only difference is that these nut jobs want what hasn't been for nearly 50 years, they want TRUE and REAL "SETTLEMENT"! They actually want to get paid in something real! How crazy is that?

Regards, Bill Holter for;

Holter/Sinclair collaboration.

[Pro-Life]

Silver seems to have a very real uptrend going...

[Pro-Life]

Ha... that was short-lived!!! Metals hammered today.

[Pro-Life]

Uptrend is evident... SIL

[Pro-Life]

Awesome entry with RSI buried at 24.62!!!

[Patriot1776]

in at 7.98

[Patriot1776]

wish this had more liquidity.

[Patriot1776]

Etrade doesn't charge commissions on SIL from what i understand if you hold for a month.

[Pro-Life]

Nice $SILVER rally today...

[Pro-Life]

Got a winner... bottom is here...

[Pro-Life]

SIL needs a caregiver...

[Pro-Life]

SIL website:

http://www.globalxfunds.com/commodities/silverminersetf.html

[Pro-Life]

Range bound for now... SIL