Silvermex Resources (GGCRF)

[Renee]

GGCRF: Plan of Arrangement- Pursuant to the Arrangement, each holder of the Company?s common shares are entitled to receive i) 0.0355 common shares of First Majestic (?First Majestic Shares?); and, ii) Cdn$0.0001 in cash for each common share of the Company held

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/06/2012&mkt_ctg=NON-OTCBB

[PURA VIDA]

New to the board here....GGCRF came up on my stock screener and I haven't had the time just yet to find out why they stopped trading...any quick answers would be helpful and appreciated.

THANKS IN ADVANCE !!

[uhlmant]

GGCRF resumes trading today

http://finance.yahoo.com/news/silvermex-resume-trading-otc-220000150.html

[the cork]

Anybody know when the tird will resume trading in the US?

[SILVERISTHENEWGOLD]

Huldra Silver~ HDA.v/HUSIF is a killer silver stock

[the cork]

Those guys are idiots. QE has never stopped, it just gets packaged and repackaged differently so the shills have an "explanation," and they can continue to manipulate the metals downwards.

They are running out of time.

They may get away with it for a little while longer, but can't hold the beach ball underwater forever.

[canucklehead80]

Auguries—Penny Wise, Pound Foolish
April 5, 2012
By Kevin Michael Grace

Gold was down (at press time) $23.30 (-1.4%) for the week to $1,631.70, and silver was up $0.10 (+0.3%) to $31.68. Gold and silver recovered Thursday after falling 3.5% and 6.7% respectively Wednesday, which Bloomberg attributed to “signs that the Federal Reserve won’t provide more US economic stimulus, boosting the dollar and eroding the appeal of precious metals as alternative investments.”

According to Frank Lesh of FuturePath Trading, “The market has decided that yesterday’s statement is probably the final nail in the coffin” for those counting on another round of quantitative easing. Lesh could be right, but it is important to note that “yesterday’s statement” was actually made March 13.

Read more about gold prices and the junior sector. http://resourceclips.com/2012/04/05/auguries%E2%80%94penny-wise-pound-foolish/

[the cork]

I got a killer silver stock you might still be able to get under .20 right now. Over 5,000 GPT Silver, and it's at the surface!

I made good money on Silver Falcon 5 years ago but it was dumb luck. I don't think I'd invest there today.

Will send you a PM.

[AmericaTheBrave]

I once had a good overview, but do you have any other good Silver miners to recommend, that are now underpriced? Maybe Silver falcon mining? However, with Silver falcon I am a bit concerned about the massive dilution that the investors are talking about. I need some good shares. I also own Silver spruce resources, but they are only partially in Silver. I am thankful for good infos.

[the cork]

Right ATB. I think ECU's price was suppressed for a considerable period of time before the buy out from Golden Minerals too. They were way cheaper than they should have been for a LONG time. That's how they do it. Saw the same thing with Roxmark and Farralon too.

Now Silvermex shareholders have to suffer the same debasement of value, getting essentially nothing in return for the loss of leverage and the capacity to even trade out of the damn thing. What a loathsome stinking turd!

Hell, could have got into AUNFF relatively cheeply during the last take down in silver prices if I could trade out of this turd. That was my other choice and I picked Silvermex because of their greater compounding capacity. Now I'm not gonna get either one. GD Bastards!

[AmericaTheBrave]

Same thing for me: I had Silvermex as a leverage. I also had ECU silver, but it also was bought up by a big company...

[the cork]

So what, they aren't doing us any favors with that stink offer. I've already got a huge address in the silver market. This was my leverage play.

I didn't need them to discount silvermex and lock up my money for 4 months.

Silvermex should be trading at .60 or better right now without their stink offer.

We'll have to see how "good" .60 looks by June. Hell, it already sucks today.

[AmericaTheBrave]

I wouldn't call this a stink deal: First majestic is a huge address in the silver market...

[the cork]

That's what it looks like, damn them anyway. TD Ameritrade says they can't trade it. Looks like they are costing us both time and money to be locked into a stink deal.

[uhlmant]

Found this dated 2 APR---looks like no trading on GGCRF until about 2 JUNE

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/02/12)- Silvermex Resources Inc. ("Silvermex") (TSX: SLX.TO - News) reports that it has filed a registration statement on Form 40-F for the purpose of registering its common shares under Section 12 of the United States Securities Exchange Act of 1934, as amended (the "Exchange Act").

As reported on March 13, 2012, the Securities and Exchange Commission ("SEC") issued an order revoking the registration of Silvermex's common shares (then quoted on OTC Link - previously the "Pink Sheets" - in the United States under the symbol "GGCRF") under section 12(j) of the Exchange Act. Silvermex consented to this administrative procedure as an amenable solution to address the filing delinquencies of its predecessor company, Genco Resources Ltd. ("Genco"), under the Exchange Act. As a result, broker-dealers in the United States are currently unable to effect transactions in the United States markets under the trading symbol GGCRF.

The registration statement is anticipated to become effective 60 days after the filing date. Upon the registration statement becoming effective, broker-dealers in the United States will be able to effect transactions in common shares of Silvermex in the United States. In the meantime, Silvermex's common shares continue to trade publicly on the TSX under the symbol SLX.

the 13 march pr is here http://finance.yahoo.com/news/silvermex-reports-otc-trading-status-223200367.html

[the cork]

I think you can trade it right now if you do a broker assisted trade. They'll probably waive the fee, or at least give you the on-line traded rate since we can't trade it ourselves.

TSX trading reflects the offer price.

http://tmx.quotemedia.com/quote.php?qm_symbol=SLX

[uhlmant]

Anyone know when us ggcrf will trade again?

[the cork]

Kahn Swick & Foti LLC.

We'll see what they have to say about it.

[the cork]

Silver 31.34, Gold 1617.60, Falls 3%, Silver Down 4.7%
Apr 04, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex June gold down 2.9% at $1,623.30/oz
--Gold slides lower as disappointment over lack of QE continues
--India, China remain on sidelines

NEW YORK (Dow Jones)--Gold futures sank 3% Wednesday on ongoing disappointment over the Federal Reserve's apathy toward further stimulus and as physical demand in Asia remains lackluster.

The most actively traded contract, for June delivery, was recently down $48.70, or 2.9%, at $1,623.30 a troy ounce on the Comex division of the New York Mercantile Exchange.

The Federal Open Market Committee didn't hint at an imminent round of quantitative easing in the minutes of its last meeting, released Tuesday afternoon. But the Fed's policy setting arm said interest rates would need to be kept low for an extended period to keep the economic recovery on track.

"The impact of the Fed minutes on gold, which was already trading lower heading into the news, was swift and brutal," said Edward Meir, senior commodity analyst with INTL FCStone, in a note.

Gold prices slumped on the release and continued to erode overnight amid trader disappointment.

Gold has benefited from previous monetary stimulus measures, which sparked worries about inflation and weakness in the dollar. At the time, investors flocked to gold, which is widely considered a hedge against inflation, a store of value and an alternative to paper currencies.

But with no such easy money boost on the radar from the Fed, traders who had bet on further stimulus pared their gold holdings.

Gold's downward spiral was exacerbated by national holiday celebrations in China, which kept buyers there out of the market. China is the world's second-largest consumer of gold, but market participants there have been on the sidelines since Monday. Chinese traders are due to return to the precious metal market Thursday.

Meanwhile, jewelry store owners in certain states in India are also on the sidelines as they continue to protest the government's gold tax hikes. India's gold imports fell by around two-third in March as a result of the protests.

A stronger dollar also weighed on gold prices. The greenback rallied against the euro, with the single European currency recently changing hands at $1.3127, down from $1.3233.

Gold futures are priced in dollars and seem more expensive to investors using foreign currencies when the dollar strengthens.

Silver prices followed gold's cues, with futures for May delivery tumbling $1.545, or 4.6%, at $31.720 a troy ounce.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]
(END) Dow Jones Newswires
04-04-12 1013ET

http://news.tradingcharts.com/futures/6/2/176442026.html

[the cork]

Right SILVERISTHENEWGOLD, I don't know about that. There's a lot I don't like about this thing.

This "Friendly Acquisition" Bull chit didn't just happen today. The share price has been suppressed for a lot longer than just the most recent period they've not even been free trading.

To talk about any "premium" to the current share price is ludicrous.

We should be trading in the .55-60 range MINIMUM as it is. Any premium is to THAT price, not the sleight of hand shell game turd this "offer" represents.

The elevated silver and gold levels reported in the latest test results out of La Guitarra alone should have pushed the share price 12% to 15% on that basis alone. That so called "premium" is a bad joke.

I'd ask your broker about it. Most of them have cooperative arrangements with TSX brokers. You should still be able to trade it somehow. There's ways it could suck to be stuck LoL!

[SILVERISTHENEWGOLD]

What happens if you own the Contract for difference or the Pink sheet on silvermex?????
It's not even trading right now! Does the pink get exchanged just like the regular shares? How does it work if it's not trading!
I am freaked out right now, I own bunches.

[the cork]

Agree uhlmant, I was just trying to be conservative. Problem is, Large blocks of shares are probably held by parties in agreement, so it doesn't really make any difference what guys like us think.

275 out of 300 shareholders could disapprove and the stink deal still passes.

[uhlmant]

I was thinking dollar easy. 66% must approve

[the cork]

FOUL ! Doesn't seem like much of a "premium" since we should be trading around .55 - .60 in the first GD place.

Love how the:

"33% to the closing price of Silvermex as at April 2, 2012 and approximately 43% to the 30 day volume weighted average price ("VWAP")."

Covers a period where the stock wasn't even trading.

STILL can't trade it on the US side.

That's quite the "weighted average."

"Weighted"...Like an anchor.

[uhlmant]

we've been bought

http://finance.yahoo.com/news/first-majestic-announces-friendly-acquisition-142400138.html

[the cork]

DJ Silver 33.00, Gold 1672.70, Eases Ahead Of FOMC Minutes
Apr 03, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex June gold down 0.1% at $1,678.40/oz
--Gold traders "anxious" ahead of Fed minutes
--Stronger dollar weighs on gold

NEW YORK (Dow Jones)--Gold futures slipped Tuesday as traders worried about what the Federal Open Market Committee meeting minutes, due later in the day, would say about the bank's stance of further monetary stimulus.

The most actively traded contract, for June delivery, was recently down $1.30, or 0.1%, at $1,678.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

The Federal Reserve's policy setting committee is due to release their latest meeting minutes at 2 p.m. EDT. Gold traders will be scouring the documents for any clues about shifts in policy and hints about the committee's stance of a third round of monetary stimulus, known as QE3.

"We could see the downward trend continue as participants grow anxious about the release of the FOMC minutes later today and what it might say or imply about the prospects for additional quantitative easing," Marc Ground, a metals analyst with Standard Bank, said in a note. "We don't feel that there will be any major changes to the current stance, however, we would not underestimate the market's capacity to read between the lines, which could see some price reaction."

Fed speeches have set the tone for the gold market over the past few months. Gold futures plunged more than $100 during Chairman Ben Bernanke's speech on Feb. 29 which avoided any mention of QE3 and sparked worries the stimulus measure was off the table for good.

By contrast, a Bernanke speech on March 26 swept prices higher after he said the U.S. labor market recovery was fragile and that the bank's accommodative policies must remain in place to support growth.

Gold prices benefit from monetary easing, which tends to erode the value of paper currencies, boosting demand for hard assets like gold.

Moreover, many investors worry that the Fed's easy money policies will trigger high inflation down the road. These market participants have flocked to buy gold as an inflation hedge and a store of wealth.

A stronger dollar also pressured gold prices. The greenback rallied against a basket of international currencies as tracked by the ICE Dollar Index, with this measure recently at 78.917, up from 78.820 earlier.

Gold futures are denominated in dollars and can seem more expensive to investors using other currencies when the greenback rallies, sapping their interest in these assets.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]
(END) Dow Jones Newswires
04-03-12 0959ET

http://news.tradingcharts.com/futures/2/4/176383242.html

[the cork]

Silver 33.14, Gold 1681.10, climbs above $1,680 per ounce as dollar rally stalls
By Jan Harvey and Michelle Martin LONDON | Mon Apr 2, 2012 10:55am EDT

(Reuters) - Gold prices rose above $1,680 an ounce on Monday as the dollar steadied off earlier one-month highs against the euro, with the U.S. unit further paring gains after U.S. construction spending and manufacturing data.

Spot gold was up 0.8 percent at $1,681.00 an ounce at 1433 GMT, while U.S. gold futures for April delivery were up $10.70 an ounce at $1,682.60.

The precious metal is building on a 6.6 percent rise in the first quarter after Federal Reserve comments reassured investors that U.S. interest rates would remain low for an extended period, keeping the opportunity cost of holding gold low.

Better news on the U.S. economy, an improvement in which could reduce the prospects of a fresh round of quantitative easing and raise the prospect of an eventual rise in interest rates, has clouded the picture for gold.

"The wider macro environment is generally improving ... so I think that's creating some headwinds, and also the European banking crisis settled down, so there's less need for safe haven of gold at this point," Standard Chartered analyst Daniel Smith said.

"But we think that the downside is actually quite limited from here," he added. "We think that actually gold will tend to rally in the months ahead on the back of a wider improvement in liquidity which we're seeing across the macrospace."

Data released on Monday showed the pace of growth in the U.S. manufacturing sector picked up a tad in March, although U.S. construction spending in February recorded its largest drop in seven months.

The dollar index surrendered earlier gains in the wake of the numbers, helping gold to rise. Dollar weakness makes assets priced in the U.S. unit cheaper for other currency holders.

U.S. and European stock markets rose on Monday, meanwhile, although oil prices slipped. .EU <O/R>

MONEY MANAGERS LIFT BULLISH BETS

U.S. Commodity Futures Trading Commission figures showed on Friday that money managers, including hedge funds and other large speculators, raised their bullish bets in gold for the first time in four weeks last week.

Speculators in silver also cut their bullish exposure, reducing their net length by 3,284 lots to 17,031 contracts - their lowest level since the week of January 29, when they were long on 16,034 lots.

Jewelers in major gold consumer India remained on strike on Monday for a 17th day after the finance minister proposed to double the import duty on gold, an excise duty on unbranded jewelry and a tax on transactions worth more than 200,000 rupees.

"A recent pull-back in Indian gold demand has forced prices lower over recent weeks, following the Indian government's decision to double the duty payable on gold imports to 4 per cent and to impose an additional 0.3 per cent tax on most gold jewelry," National Australia Bank said in a note.

Spot silver was up 2.4 percent at $32.97 an ounce. The grey metal broke a three-quarter losing streak in the first three months of 2012, rising 16 percent on gold's coat-tails.

Spot platinum was up 0.2 percent at $1,647.49 an ounce, while spot palladium was up 2 percent at $661.25 an ounce.

U.S. auto sales are expected to continue at a strong pace in March, capping the best quarter in four years for new vehicle purchases as the overall U.S. economy improved and new car buyers found easier financing.

Automakers are the biggest consumers of platinum and palladium, which are widely used in autocatalysts.

(Editing by Alison Birrane)

http://www.reuters.com/article/2012/04/02/us-markets-precious-idUSTRE82403220120402

[the cork]

Spot Silver 32.40, Gold 1667.20, Rebounds On EU Lending Boost, Weak Dollar
Mar 30, 2012 By Matt Day Of DOW JONES NEWSWIRES

--Comex April gold up $12.50, or 0.8%, at $1,667.40 a troy ounce
--Increased EU crisis fund draws gold buyers after three days of declines
--Dollar-denominated gold also boosted as ICE US Dollar Index hits four-week low

NEW YORK (Dow Jones)--Gold futures gained on Friday as a pullback in the U.S. Dollar and Europe's latest financial commitment to try to prevent a worsening of its debt crisis drew buyers after three days of declines.

The most actively traded gold contract, for April delivery, recently rose $12.50, or 0.8%, to $1,667.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Euro-zone finance ministers on Friday were poised to boost the region's crisis-fighting tools, increasing its emergency lending capacity to EUR700 billion. The news supported the view that European leaders were prepared to keep pumping money into the financial system in an effort to forestall a debt-fuelled credit crunch.

Gold tends to benefit from such an environment of easy money, as it can send investors into the metal as a hedge against the potential resulting weakness in currencies.

"Focus is firmly on the euro zone," Standard Bank analyst Marc Ground said in a note.

The dollar slumped on Friday, adding support to gold. A weaker dollar can make dollar-denominated gold futures appear cheaper for potential buyers using other currencies.

The ICE U.S. Dollar Index, which tracks the greenback against currencies of some major U.S. trading partners, on Friday touched its lowest level since March 1.

Gold's gains Friday also came as money managers adjusted their positions during the last trading day of the month and quarter.

"Money is coming into gold and (the) metals complex in anticipation of the next quarter asset allocations," said George Gero, a vice president and precious metals strategist with RBC Capital Markets, in a note.

Through Thursday's close, the benchmark gold contract was up 5% so far in 2012. Much of those gains came on demand for the metal as an alternative asset, fuelled by expectations that central banks in Europe and the U.S. will continue to deploy potentially currency-weakening accommodative monetary policies to support growth.

Gold pared those gains in March, however, falling by 3% through Thursday as investors bet that a surprisingly strong U.S. economy meant further Federal Reserve cash infusions weren't imminent.

-By Matt Day, Dow Jones Newswires; 212-416-4986; [e-mail]
(END) Dow Jones Newswires
03-30-12 0942ET

http://news.tradingcharts.com/futures/1/3/176213131.htmlSpot

[the cork]

Silver 70 bucks! - Fractal Analysis: 2012 Silver to $70++
Goldrunner March 29, 2012 - 8:58am
(special thanks to al44)

Around this point in the fractal cycle in the late 70’s, Gold busted out of its channel to rise sharply higher, along with Silver. Silver’s channel top will lie up around $68 to $70 over the coming months which we believe will be reached in 2012. The next higher angled resistance bands for Silver run from $112 to $115, and then up at the $123 area. By the end of the Silver Bull, we expect to see Silver reach $500+.

Dollar Devaluation Drives The Fractal Relationships

The fractal relationships to the late 70’s are driven by the aggressive Dollar Devaluation in both periods, with the current period one Elliott Wave Degree higher.Both periods present as pure 5th wave parabolas in Dollar Devaluation, and thus, in the Gold and Silver Charts.We are seeing a price expansion in the current Vth wave versus the 5th wave of III in the late 70’s for Gold and for Silver.

We have noted for years that the Fed “owns” the psychology of the markets.The Fed is in the process of converting the Deflationary K-Winter into a period of Stagflation.“Stag” refers to the very sluggish economy, and “flation” refers to rising inflation created by the aggressive Dollar Devaluation.

The Fed and its banks blew out the loan multiplier system for providing new Dollars directly into the economy in 2007 and 2008. The 2nd round of Dollar Inflation is via the Fed printing new Dollars to buy US Government debt- pure debt monetization and default on debt. Thus, they are devaluing the huge load of debt by devaluing the US Dollar.

The Fed “shows inflation when it wants” and it “shows deflation when it wants.”It does so by suggesting that it will, or will not be printing Dollars, the liquidity that drives the markets. All of this jawboning is a joke since the Fed has no choice but to print Dollars at an accelerating rate yet, the markets and investors run a constant bi-polar gauntlet by taking the Fed at their “word.”

The big trading banks dominate the markets. They do the “bidding of the Fed at key junctures.” This is a process of rotating liquidity into the different asset classes that must be supported in the process of changing the cycle during the 2nd leg of debt monetization.

It is the devaluation of the US Dollar that ultimately creates the price rise in Gold, in Silver, and in the PM Stocks.The only true read on the Dollar Devaluation is through the rise of $Gold so the true devaluation of the Dollar can be hidden from the market at key times. In reality, it is the market that creates the devaluation of the Dollar against Gold creating the Gold Parabola so the psychological whims of the Fed can muddle the psychology of the markets. The Gold parabola rises in fits and momentum runs as the market devaluation of the US Dollar ebbs and flows around the psychological effects of what the Fed says; accompanied by the help the Fed receives from entities trading with the Fed’s words.

The spastic Gold market is also affected by a focus on the Dollar Index that has little to do with Dollar Value once Global Competitive Currency Devaluations start in earnest.

We Can Expect QE to Infinity

As Jim Sinclair says, this is complicated stuff.Per Mr. Sinclair we already have approximately $1.3 trillion that were printed and sent to Europe.The markets have not factored this into the price of Gold, yet.Once it does, we should see Gold rise sharply.Remember that it only took $600 Billion of new QE printing to drive Gold up to $1920 in 2011 as per my forecast back in January and April, 2011 in my article entitled Goldrunner: Gold on track to Reach $1860 to $1,920 by Mid-year(gold reached $1,917.20 in late August, 2011 and $1,923.70 in early September, 2011).

All of the US Debts must be on the US balance sheet before Gold goes completely parabolic, for full devaluation of the Dollar and the debts.This is the essence of the question that a Congressman asked Tim Geithner.Tim delayed until the Congressman tossed out the $20 Trillion and then $50 Trillion numbers.Mr. Geithner responded that the number would make the Congressman “uncomfortable.”GEITHNER IMPEACHED BERNANKE’S COMMENT ON “MAYBE NO MORE QE” WHEN HE BASICALLY ADMITTED WE NEED QE IN SPADES GOING FORWARD.Mr. Geithner confirmed that the number of Dollars that must be printed to cover off-balance sheet items is huge.This covers items like unfunded Social Security, unfunded Federal Pensions, future unemployment claims, and the losses of Fannie and Freddie through the end of 2012.

Unfortunately, investors generally keep looking at the trees on a short-term basis, rather than seeing the forest of Dollar Devaluation.As Jim Sinclair constantly notes, we will see QE to infinity.This means that Gold will go vastly higher than most expect in order to devalue the debt and to balance the US budget.

The current markets are completely managed by the Fed and its henchmen.The complete management is a complicated issue as Jim Sinclair has noted. For instance: the Fed and its helpers recently inhibited Gold and Silver at a time when the Greek debt issues were being worked out.It was the Fed’s helpers who had sold the OTC Derivative “insurance” on all of the failed Greek debt.It appears that they hammered inflation expectations to help the deal from go smoothly; and there were cycle timing issues that were already stretched a bit.In reality, most of the Greek Debt holders were forced to take on a different debt series before “default” was declared for a final few.This gives us “insight” that the time in the cycle is short, due to the necessary quick fix deal.

Mr. Sinclair has discussing how the US Dollar’s days as the World Reserve Currency are numbered.This begs the question of what effect this will have in terms of the Dollar’s “value.”Personally, I think that new Dollar Supply is most important, but freeing up huge numbers of Dollars with its loss of reserve status could be a reason for a sharp rise in US inflation if all of those Dollars head home - and a large number of those Dollars coming home to roost might find themselves “chasing Gold and Silver” which could add to the process of the markets re-valuing Gold and Silver much higher.

We are seeing a “price expansion” in the charts of Gold and Silver in the current period with little evidence of a “cycle time expansion” to go with it, other than the general increase in fractal time warranted at one higher Elliott Wave Degree.

In the late 70’s the top in the Gold Chart came as a momentum high into early 1980 with a lower final high coming later.It is possible that we will not see the momentum high before the final high this time, yet it is probable since the continuing deterioration in the economy demands a fairly quick devaluation of the debt before the economy completely rolls over.

THE SILVER CHARTS

The first chart of Silver is the current log chart where Silver is trading inside the black trend channel.We can see the exaggerated decline into the deflation scare bottom in late 2012.Silver appears to be correcting in a flag formation at this time.The measured target of a flag break-out to the upside would target the $65 to $70 area at the top of the black channel.We have break-outs on the RSI and the MACD with the RSI trying to hold the Bullish 50 mark.The Fed has already printed $1.3 Trillion to go to Europe, with more QE necessary to buy US Debt.As the markets factor the Dollar Devaluation in, we’d expect to see Silver explode upward on a fundamental basis.It only took $600 Billion in 2011 to drive Silver from around $20 up to around $50.Additional QE to buy US debt would suggest about 3 times the 2011 Dollar Devaluation from Dec. of 2011 to the end of 2012.The timing appears to be supported with this being a Presidential election year.

If you would like to have access to my detailed proprietary fractal analyses of what is likely to unfold for Silver, Gold, Copper, the HUI and a large number of specific mining company stocks in the months and years to come, the link to our subscription service at the bottom of the article (only $30/mo.). If you do not want specific information but would just like to keep abreast of my general views on the markets, you can send an email requesting to receive my coming free newsletter Goldrunner’s Fractal Corner. See the bottom of the article for further subscription and newsletter contact information.

The Current Silver Bull Chart
http://67.19.64.18/news/2012/3-29gr/image001.png

The Late 70’s Fractal Silver Chart

The next chart of Silver is an arithmetic 70’s chart.There was no “deflationary bent” in the late 70’s that caused the steeper retracements we have seen in the current period to create increased volatility in the ever expanding environment of Dollar Devaluation, yet it is obvious that we have not seen the first wave of sharp price expansion in Silver that occurred in the late 70’s.Fractal Cycle timing suggests that it should be directly in front of us, and it appears that the next round of aggressive Dollar Inflation is already underway to fuel that type of move as soon as the market factors the aggressive round of Dollar Devaluation into Gold and Silver.
http://67.19.64.18/news/2012/3-29gr/image004.jpg

The Silver Parabola is not a smooth flowing form like the Gold Parabola is (as can be seen in a previous article here).We can see that the huge price rise in Silver came almost completely toward the tail end of the 70’s Bull.

We are still in a short-term period of potential cycle weakness until options expire for Silver and Gold futures into the end of this week – but the Fractal Cycle suggests that things will heat up soon to see

Silver on its way to $70+ in the next up-leg. We have previously laid out our fractal expectations for Gold in 2012 via our article,

Gold On Way to $3,500 Mid-year. Goldrunner: Fractal Gold Analysis Says.

Goldrunner, THURSDAY, 03-29-12

http://www.silverseek.com/article/fractal-analysis-2012-silver-70

[the cork]

Silver 31.86, Gold 1658.60, Near Steady As Traders Weigh US Data, Demand
Mar 29, 2012 By Matt Day Of DOW JONES NEWSWIRES

--Comex April gold recently up $2.60, or 0.2%, at $1,660.50 a troy ounce
--Weaker-than-expected US GDP supports gold demand as hedge against more Fed easing
--Indian gold retailers extend strike through at least Saturday

NEW YORK (Dow Jones)--Gold futures shuffled between slight gains and losses on Thursday, as traders weighed the likelihood of continued easy money policies from Federal Reserve against weak physical demand for the precious metal.

A weaker-than-expected reading Thursday on U.S. growth bolstered the view that the Federal Reserve would hold to its easy money policies to prop up the economy, adding support to gold. But the precious metal's gains were capped by still-weak physical demand for the metal during a strike in India's gold-retail sector.

The most actively traded gold contract, for April delivery, recently rose $2.60, or 0.2%, to $1,660.50 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold has spent much of the last week caught between conflicting signals. Physical demand, an important support for prices, has been weak as gold sellers in India strike in protest of increased taxes on gold imports and sales. India is the world's top importer of the precious metal.

"People are talking about how much (consumers) will want to spend with the rising cost of buying gold there," said Adam Klopfenstein, a market strategist with Archer Financial Services.

Indian gold sellers have extended their strike until at least Saturday, a spokesman for the protesting gold retailers said on Thursday.

But demand for gold as an investment helped prop up futures after Federal Reserve Chairman Ben Bernanke underlined the central bank's commitment to low interest rates. Such accommodative monetary policy can send investors seeking higher returns into gold.

In response, gold futures rose on Tuesday to just short of $1,700 an ounce before giving up those gains. Hopes for Federal Reserve action again offered some support to gold on Thursday after the reading on U.S. gross domestic product missed economists' expectations.

Analysts with Goldman Sachs on Wednesday reiterated their bullish outlook on gold, citing support from low U.S. interest rates. The investment bank expects gold to rise to $1,840 a troy ounce in the next six months.

--By Matt Day, Dow Jones Newswires; 212-416-4986; [e-mail]

--Biman Mukherji and Tatyana Shumsky contributed to this article.
(END) Dow Jones Newswires
03-29-12 0951ET

http://news.tradingcharts.com/futures/1/7/176153671.html

[the cork]

DJ PRECIOUS METALS: Silver 32.27, Gold 1673.90, Eases On Weak Physical Buying, Dollar Strength
Mar 28, 2012 By Matt Day Of DOW JONES NEWSWIRES

--Comex April gold recently down $10.90, or 0.7%, at $1,674 a troy ounce
--Weak physical gold buying, rising U.S. Dollar weigh
--Goldman Sachs reiterates bullish gold view, cites low U.S. interest rates

NEW YORK (Dow Jones)--Gold futures slipped on Wednesday, as signs of weak physical demand for the precious metal and a stronger dollar discouraged would-be buyers.

The most actively traded contract, for April delivery, recently fell $10.90, or 0.7%, to $1,674 a troy ounce on the Comex division of the New York Mercantile Exchange.

Buyers in India, the world's top gold importer, remain largely absent as gold retailers there strike in protest of a new tax on imports and sales.

"Evaporating physical demand" was weighing on prices, said Marc Ground, an analyst with Standard Bank, in a note. "The flip-side of this is that the recent decline in gold could see physical buying accelerate."

Indian jewellers have said they will keep striking until the tax is repealed, but the country's finance minister on Tuesday said the government wouldn't reverse course.

"If gold jewellers were really to make good their threat, this would have negative impacts on the Indian gold imports not only in the current quarter but also in coming months," analysts with Commerzbank said in a note. Such a disruption "could for the time being block any significant increase in the price of gold."

Slight gains in the dollar also hit sentiment in the gold market on Wednesday. A stronger dollar can drag on dollar-denominated gold by making the futures appear more expensive for buyers using other currencies.

Goldman Sachs on Wednesday reiterated its bullish outlook on the precious metal, citing low U.S. interest rates that are expected to send investors seeking higher returns into gold. Economists with the investment bank expect further quantitative easing by the Federal Reserve this year to help push gold prices to Goldman's 6-month price forecast of $1,840 a troy ounce.

Gold futures rallied early on Tuesday, touching the highest point in two weeks on expectations that the Federal Reserve would stick to its low interest rate policy. Such accommodative monetary policy can hit the value of paper currencies, making gold appear more attractive as store of value.

"We expect gold prices to climb as subdued U.S. growth reduces the market's expectation of real rates," Goldman analysts wrote.

--By Matt Day, Dow Jones Newswires; 212-416-4986; [e-mail]
(END) Dow Jones Newswires
03-28-12 0946ET

http://news.tradingcharts.com/futures/9/5/176087959.html

[the cork]

D. Kosich - Bullish outlook for silver on surging industrial demand
Silver Institute/GFMS
Posted: Tuesday , 29 Mar 2011

A report released by the Silver Institute says silver's industrial uses are the largest component of silver fabrication demand, and should continue to rise sharply by 2015.

A GFMS report for the Silver Institute predicts a bullish picture for the future of industrial silver demand with a record high of 665.9 million ounces in 2015.

The GFMS study, The Future of Silver Industrial Demand, made public Monday, also forecast the annual average silver price to continue to rise this year, "driven in large part by further inflows of investment demand, and supported by additional growth in fabrication demand."

"Looking ahead, a bullish picture for the future of silver industrial demand emerges. From an estimated volume of 487.4 Moz in 2010, the global total is expected to post an uninterrupted period of growth through to a record high of 665.9 Moz in 2015," said the report.

Much of the growth in the global total of industrial silver consumption will be driven by stronger demand for a number of established uses including the manufacture of electrical contacts, and the use of silver in the photo voltaic (PV) industry.

"In addition to these segments, there are also a number of new uses of silver that merit attention," noted GFMS. These new uses center on silver's antibacterial qualities, while other new uses tend to make use of its conductive properties, including solid state lighting and Radio Frequency Identification (RFID) tags.

"Looking ahead, the number of such products, both antibacterial and conductive, is set to rise further, which will ultimately translate to an increase in silver offtake," GFMS predicted. "That said, we would caution that it may be beyond the forecast timeframe before we see more noteworthy volumes of silver consumption emerging."

Between 2010 and 2015, GFMS expects to see close to 180 Moz added to the global total of world silver industrial fabrication.

In the report, GFMS noted that cell phones used 13 million ounces of silver last year, while computers consumed 22 million ounces. Thick film PV consumed a whopping 47 million silver ounces in 2010, followed by automobiles which used 36 million ounces of silver.

TECHNOLOGICAL ADVANTAGES

Silver is considered one of the best electrical and thermal conduits, which makes it the metal of choice for a variety of electrical end-uses, including switches and contacts.

The use of silver in the electrical and electronics industry is widespread, observed GFMS, "contributing the largest share to global silver industrial fabrication." Electrical and electronics demand for silver reached an all-time high of 242.9 million ounces last year.

Silver conductive inks are used in the area of printed electronics, while silver is also used as coating material for optical data storage media, including DVDs.

"The rise in solar power is arguably the most significant development for silver demand in recent years," GFMS asserted. "This year, demand is expected to reach nearly 70 million ounces, an increase of around 40% year-on-year."

Meanwhile, batteries are manufactured with silver alloys-increasingly silver: zinc) as the cathode.

Usually in the form of mesh screens or crystals, silver is employed as a catalyst in numerous chemical reactions, such as the manufacturing of formaldehyde, a chemical used in the manufacturing of other organics chemicals and plastics. "The use of silver in the ethylene oxide (EO) industry has arguably been one of the unsung success stories of the silver market over the past two to three decades," GFMS observed.

The joining of materials through the process of brazing is enhanced by silver's fluidity and strength. Silver brazing alloys are widely used in applications ranging from air conditioning and refrigeration equipment to power distribution devices in the electrical engineering and automobile industries.

"As noted earlier, total industrial fabrication is forecast to rise 37% and there are no obvious reasons as to why brazing alloy and solder (BA&S) demand should behave differently," GFMS said. The metals analysts suggested BA&S demand will "shrug off the ongoing challenges posed by substitution to base metals and the adoption of techniques that use no BA&S."

FUTURE INDUSTRIAL DEMAND FOR SILVER

In their analysis, GFMS discussed what they termed "novel and new industrial uses of silver," such as solid-state lighting, RFID tags, and supercapacitors.

Although the use of RFID tags is forecast to undergo tremendous growth, silver global demand for this application was estimated at one million to two million ounces last year.

Supercapacitors--devices that store and release energy indefinitely with no loss of performance--"offer a potential growth area for silver, where printed silver can be used as an electrode," according to GFMS. "Overall this technology is likely to achieve commercial success, although the trend towards miniaturization and the use of nanosilver is likely to limit the absolute volume of silver demand. In addition, less expensive alternatives are also likely to develop."

Nanosilver is attracting growing interest from both industry and policy makers. Examples of silver products and applications using nanosilver include silver algaecides, silver impregnated water filters, pigments, photographics, wound treatment, conductive/antistatic composites and catalysts. New producers include nanosilver in textiles, coatings, plastics and medical articles and devices.

"The potential success of nanosilver is therefore largely contingent on regulatory approval being granted, in various jurisdictions," GFMS advised. "Should this materialize, the use of nanosilver is likely to expand, notably in health-related and electrical applications."

Silver's bactericidal properties are achieving success in water purification applications, as well as medical uses.

However, GFMS analysts suggested global silver demands in water purification applications is estimated to be no more than 2 million ounces annually. "Looking ahead, however, there is considerable growth potential, and offtake in 2015 may reach 2.4 Moz."

Silver is often used in wound treatments, dressings, powders and creams, which make use of its antimicrobial actions against yeasts, molds and bacteria. The precious metals can also be used in catheters, as well as medical implantation devices such as prosthetic heart valves and vascular grafts, the report noted.

GFMS suggested silver use in medical applications "may grow strongly over the next five years to approach some 3 Moz by 2015."

The report also discusses the use of nanosilver in goods packaging and hygiene, which, combined, would consume 4 million ounces of silver over the next five years.

Despite discussion regarding the use of silver in autocatalysts, GFMS said, "We are of the opinion that this is likely to remain a niche product and do not expect annual demand to significantly exceed 100,000 ounces by 2015."

In their analysis, GFMS also noted silver can be used in superconductors, "which conduct electricity far more efficiently compared with conventional cables." Nevertheless, the analysts suggested the technology "is still in its relative infancy...Its long-term future, therefore, remains somewhat uncertain, as not only is its success highly contingent on the absence of government support, but its viability also depends on the absence of alternative, non-silver bearing technologies."

Michael DiRienzo, executive director of the Silver Institute, said the GFMS report "demonstrates how buoyant silver industrial demand is, not only because of the lack of substitution, but also because of the wide range of established and growing new uses that make up industrial demand."

To download a copy of The Future of Silver Industrial Demand report, go to www.silverinstitute.org/images/stories/silver/PDF/futuresilverindustrialdemand.pdf

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=123886&sn=Detail&pid=31

[kiwisteve]

chart SLX (.048)

[uhlmant]

one drill hole had 18,225.040 Ag equiv oz

The Investment Industry Regulatory Organization of Canada halted the stock prior to the drilling results...deemed a material news. Trading had resumed on all issues.

http://finance.yahoo.com/news/silvermex-intersects-high-grade-gold-175100679.html

[AmericaTheBrave]

Go GGCRF!

[the cork]

DJ PRECIOUS METALS: Silver 32.99, Gold 1692.20, Continues Rally, Focus On Bernanke
Mar 27, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex April gold up 0.6% at $1,695.40/oz
--Bernanke comments continue to lure buyers to gold
--Stronger dollar tempers gold's climb

NEW YORK (Dow Jones)--Gold futures edged higher Tuesday as investors continued to flock to the market on the back of Federal Reserve Chairman Ben Bernanke's comments about the need for low interest rates, though gold's gains were hampered by a stronger dollar.

The most actively traded contract, for April delivery, was recently up $9.80, or 0.6%, at $1,695.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold futures bounced higher for a second day as traders continued to cheer Bernanke's comments, made a day earlier. The Fed Chairman signalled resolve on keeping interest rates low, saying that despite recent improvements the labor market was still "far from normal" and the economic recovery required such support from monetary policy.

Gold bugs also got a boost from hints that a third round of monetary stimulus, known as QE3, remained a possibility.

"Bernanke's language seemed to suggest that in addition to low rates, QE3 which was perceived to be 'off the table' not too long ago, was now if not exactly back on the table, perhaps lingering on its edges," Edward Meir, senior commodity analyst with INTL FCStone, said in a note to clients.

Gold prices had roared to record levels after the Federal Reserve embarked on its QE2 program in October 2010. At the time, concerns that these measures would erode the value of the dollar and spark inflation down the road triggered a rush to the perceived safety of gold. The precious metal is widely considered a hedge against inflation and a better store of value than paper currencies.

A stronger dollar tapped the brakes on gold's rally Tuesday, however. Gold is priced in dollars and tends to appear more expensive to investors using foreign currencies when the greenback rallies, sapping their demand for the precious metal.

--By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]
(END) Dow Jones Newswires
03-27-12 1008ET

http://news.tradingcharts.com/futures/3/4/176026043.html

[uhlmant]

running at full capacity now at La Guitarra. Should see about 12M in net profit in 2012 just from La Guitarra.

http://finance.yahoo.com/news/silvermex-reports-positive-financial-performance-015900088.html

[uhlmant]

robust is an understatement. These are some fantastic reports. I follow many other companies and they move significantly on much less robust news. This stock trades so weird.

[the cork]

Great Find uhlmant. That was out less than 10 minutes before you reported it!

Good to see elevated gold levels in addition to the robust silver values.

[uhlmant]

big finds keep on rolling in

http://finance.yahoo.com/news/surface-drilling-continues-intersect-high-153300963.html

[the cork]

Silver 32.71, Gold 1684.80, Gains On Bernanke Comments
Mar 26, 2012 By Matt Day Of DOW JONES NEWSWIRES

--Comex April gold up $18.70, or 1.1%, at $1,681.10 a troy ounce
--Comments from Federal Reserve chief underline expectations for accommodative policies
--Gold edged higher last week on dollar declines, Iran tensions

NEW YORK (Dow Jones)--Gold futures gained Monday as Federal Reserve chief Ben Bernanke signalled support for the central bank's easy money policies, sending investors looking for alternatives to the U.S. dollar.

Such accommodative monetary policy can boost gold's appeal as a currency hedge by raising concerns that the value of paper currencies might take a hit.

The most actively traded gold contract, for April delivery, was up $18.70, or 1.1%, at $1,681.10 a troy ounce on the Comex division of the New York Mercantile Exchange.

In comments on Monday to the annual conference of the National Association for Business Economics, Bernanke said further significant improvements in the U.S. unemployment rate will require faster economic growth, "a process that can be supported by continued accommodative policies."

The dollar pulled back after the release of Bernanke's prepared remarks, and gold gained $15 an ounce in the span of about 15 minutes. A weaker dollar can boost dollar-denominated gold by making the futures appear cheaper for buyers using other currencies.

The ICE US Dollar Index, which tracks the currency against those of some major US trading partners, on Monday touched its lowest level since March 2.

"It is still all about the dollar's move for the most part," said George Gero, vice president and precious metals strategist with RBC Capital Markets.

Gold futures edged higher last week, taking cues from weakness in the dollar and demand for the metal as a safe haven on worries about a potential conflict in the Middle East.

Oil futures climbed on Friday after a report that Iran's oil exports were expected to fall sharply as Europe and the U.S. ratchet up sanctions targeting the country's nuclear program.

-By Matt Day, Dow Jones Newswires; 212-416-4986; [e-mail]
(END) Dow Jones Newswires
03-26-12 0939ET

http://news.tradingcharts.com/futures/9/2/175959229.html

[the cork]

Comex Silver 32.05, Gold 1664.30, bounces with euro, set for 4th weekly loss
By Amanda Cooper and Michelle Martin
LONDON | Fri Mar 23, 2012 9:25am EDT

(Reuters) - Gold climbed on Friday, helped by an advancing euro, but still looked set to record a fourth consecutive weekly loss as patchy consumer demand weighed and increasing optimism about the economic outlook dampened investor appetite for the metal.

Global equities came under pressure on Friday, having touched eight-month peaks earlier in the week, as concerns resurfaced over the health of the Chinese and euro zone economies and a renewed focus on the debt burdens of Spain and Italy tempered some investors' enthusiasm. <MKTS/GLOB>

This month, the gold price has lost nearly 3 percent in value, as a shift in the perception among investors of the health of the U.S. economy in particular has made so-called safe-haven assets such as gold or U.S. Treasuries less attractive compared with stocks or higher-yielding currencies.

The pressure from the weaker gold price on investment in exchange-traded funds backed by physical metal, made itself felt, resulting in the largest one-day fall in holdings on Friday in three months. <GOL/ETF>

Spot gold was up around 0.66 percent at $1,655.74 an ounce by 1304 GMT, having recovered from a low of $1,627.68 on Thursday, but still on course a 0.14 percent decline on the week, the fourth weekly loss in a row.

"The strength of the U.S. economy is a negative for gold from the perspective of the U.S. dollar as well as from the perspective of the portfolio flows for U.S. investors," Nic Brown, head of commodity research at Natixis, said.

"We've been negative on gold for a little while; we do think that it's passed its peak….Over the medium to long-term horizon we expect to see prices quite a bit lower," he said.

Gold's inverse correlation to the dollar index .DXY, which broke a key level of support on Friday, has held at around -45 percent for the last week, indicating that the gold price remains prone to moving in the opposite direction to the U.S. currency.

While this is normally the case, the unfolding of the euro zone debt crisis last year saw this relationship between the two turn positive for much of 2011 as investors fled the euro and euro-denominated assets.

VIEW CHANGES

Markets are attaching a lower chance of the U.S. Federal Reserve embarking on a fresh round of government-bond buying, or quantitative easing, to keep short-term interest rates low to stimulate growth, and this shift has been a key driver in this month's fall in the gold price.

"We think that quantitative easing and abnormally low U.S. interest rates have been a huge support for gold prices. It's no surprise that the falling gold price recently has been accompanied by quite a significant rise in U.S. interest rates," Brown said.

"Gold doesn't have a yield or a dividend or anything like that so as interest rates rise, your opportunity cost of holding gold increases."

Investors in gold via ETFs have cashed in on their positions fairly heavily this week, forcing an outflow of nearly a quarter of a million ounces of gold in just one day, the largest net one-day fall since December 23 2011, and bringing holdings to a one-month low of 70.431 million ounces.

ETP holdings hit a record of nearly 70.9 million ounces on Tuesday, but the past couple of days of outflows have wiped out all of the build-up that had taken place so far in March.

"Yesterday's decline was the largest outflow since the beginning of the year, which pushed this month's net position into negative territory: month-to-date, global ETFs are down by 155koz. Indeed, this now raises the question of whether this is the beginning of a much more substantial exit," Edel Tully, a strategist at UBS, said in a note.

"Right now, we're paying attention to their behavior in the short-term, as being the less-fickle investor grouping, their actions emit important signals at a time when confidence in gold is shaky," she said, referring to the normally longer-term horizon of a typical ETF investor.

Silver took its lead from gold, rising by 0.6 percent to $31.74 an ounce, as did the platinum group metals.

Platinum rose 0.1 percent to $1,615.74 an ounce, while palladium gained 0.73 percent on the day to reach $653.47 an ounce.

(Editing by William Hardy)

http://www.reuters.com/article/2012/03/23/us-markets-precious-idUSTRE82403220120323

[the cork]

Vin Maru Paper trading and manipulation in precious metals
-- Posted Tuesday, 20 March 2012 | Source: GoldSeek.com
By Vin Maru

Forget about “Give me a break”, it seems like you can’t even buy a break with precious metals this past week. The metals still trended down as I suspected they would and even went a little lower than my down side possibility with gold. The recent activity around precious metals and the quick draw down days where the metals get hit hard does reek of manipulation and intervention. I have been asked many times in the past about manipulation in precious metals and the price action we see around key price levels. I feel most markets are manipulated in one way or another and precious metals are no different.

In fact silver is probably the most manipulated market in the world, I really can’t think of any other market that is so easily manipulated. In a market that has approximately 30 million ounces of silver in warehouses available for delivery, there are days such as February 29 where you can have 255M traded in hours (the total for the day was estimated at over 500M oz traded). Such a concentration of positions by a few key players can and will move price to a key level, at which point computer trading can further extend the move which is what most likely happened on February 29th of this year. Here is some information and perspective on how much silver was sold in the paper market during that one day:

One Comex contract for silver is for 5000 ounces.
Average inventory of silver available for delivery is 30M ounces.
Silver production for the year is about 800M ounces a year.
Supposedly more than 45 thousand contracts traded on Feb 29 or about 255 M ounces.
In a matter of hours, paper silver sold 8.5 times more than inventory available for sale.

So do I believe that the silver market is manipulated?

When you have such a concentration of selling on one side by a few sources, unlimited amounts of funds and knowledge of sell trigger points, any market could easily be manipulated. On that day alone, you had paper pushers selling almost one third of a year’s production in a matter of hours. This selling was done by a few commercial firms that are known to have the highest short concentrated position of any market. Common sense tells me price manipulation is possible when you can sell endless amounts of paper silver in a matter of hours. A Price drop of several dollars is easily achievable once stop loss triggers get taken out to the downside. When you have a paper market which has no real bearing on the physical market or accountability for delivery, then anything is possible in terms of price.

So my answer is YES, the silver market can easily be manipulated and most likely is, unfortunately there is no way that we can prove it.

I am not the only one to think so; you may want to listen to some great audio interviews on Financial Sense about silver manipulation. Jim Puplava interviews Ted Butler, David Morgan and Eric Sprott about their views regarding the silver market manipulation and getting their response to CFTC’s Commissioner Bart Chilton’s take on the silver market. Even a commissioner from the CFTC believes that manipulation is possible, but no one is doing anything about regulating position limits in the silver market. It seems like the concentration of silver shorts by a few commercials will be overlooked again and the regulators will not get involved in enforcing the rules on position limits by the shorts. So if there was manipulation, the regulators are not doing their job in creating an equal and transparent market, they are allowing the manipulation to happen.

Here’s the irony I find in the whole situation about manipulation and involvement by regulators. They are currently overlooking this manipulation in the silver market as long as it’s on the short side and is done by their paymasters, the bankers. Back in the 1970’s, the Hunt brothers wanted to protect their wealth and decided to take delivery of as much silver (real money) as possible. At the time, the regulators decided that the brothers were manipulating the silver market to the upside and forced them out of their long side contracts which stood for delivery by changing the rules and not allowing delivery of the physical. Here is a great video on YouTube called SBSS 15 The Real Hunt Story Part 1, which tells the story on why the Hunt brothers wanted to protect their wealth using silver. Now that the silver manipulation is on the short side by bankers and government, everything is overlooked and will not be regulated. Unfortunately this is the market we are dealing with so when it comes to paper silver trading, the paper pushers will get their way and always profit at someone else’s loss.

Taking a look at the one year silver chart below, you can clearly see the big draw down days come very quickly. It takes a while for price to build a base and move higher, usually a few weeks to several months before we see significant price advances. Price drops seem to come very quickly at key price intervals, only taking days to give back most of the price gains which took months to advance.

If you are going to play the paper game with the big boys, there are a few things you should remember. First, you are playing their rigged game at their casino so do not get disappointed when they pick your pockets. Even if you do win big, they will only pay out in worthless paper dollars unless you specifically ask for delivery of the physical metals. Good luck in trying to take physical delivery of all your contracts like the Hunt Brothers tried to do in 1980. You will most likely end up like they did, forced out of your position with no silver in hand. Remember, you are up against a banking cartel with a legal monopoly on the printing press and the regulators in their back pocket.

But manipulation can only go on for so long; eventually the physical market will take control over the paper market. As new markets and exchanges open that deal only in physical commodities, we should see money flow out of rigged paper markets. There are many new exchanges opening up around the world and many of them offer contracts that actually stand for delivery (spot or futures pricing). Eventually these exchanges and bullion dealers will create the necessary arbitrage in physical metals against the paper market, which will then resemble the real price of silver. My suggestion to investors is to close down your paper accounts with the Comex and move to physical purchases paid for by cash and no leverage. Regardless of the price, at least you still have the physical and not just paper promises to pay you in another form of paper while they change the rules.

Gold Trading Range

In the last review, we mentioned that gold was trading in a sideways channel and that a move below $1700 could lead to a drop to $1650 which we got late in the week. We also mentioned that we should see some strong buying around $1600, with a possible re-test of the December low of at $1550. That is where I suspect the low for this down wave should occur in gold and where we can see a lot of consolidation and base building.

For now we are neutral on gold and the price range that it has been trading between. Gold needs to stay above $1600 this coming week in order for us to remain neutral; a bullish move would be for gold to get above $1680 this week. If the short term chart fails at $1620, then a move towards $1550 is very possible but unlikely at the moment with central banks buying and short covering happening at the low $1600s. A negative short term move below $1600 will do more technical damage on the chart, but easily keeps the bull market alive and strong on the longer charts.

Technical Analysis (BS)

The RSI also went negative to touch below 40, hopefully we get a bounce higher early in the week and it stays above 40, if not a move to 30 is very possible, which means $1550 on gold comes into play before we get a bounce.

The MACD has been negative since the end of February and still remains this way. It does look like it could be flattening out over the last few trading days, something we will watch for if price stabilizes at $1650.

This week’s trading range:

Support: $1650 and then at $1620
Resistance: $1680 and then at $1720

Gold Mining Sector Index

Our general outlook on the mining shares has not changed, we still remain neutral and will only look at initiating short term trading opportunities that look promising. Here is our overview of the gold miners as we mentioned before:

The HUI index has yet to break above the negative downwards trend line which has been acting as overhead resistance since the fall. Gold is still outperforming the mining shares, which has been the general theme for the last year. Since we have become neutral on gold, we feel the same for the mining shares. On March 2, we suggested subscribers look at closing down our trading positions and that we will re-evaluate our trading strategy in the coming weeks. We still feel that these share valuations are low and the sector is mostly going higher towards the end of this year. Earnings are increasing with higher gold prices and the value buyers will be attracted to the gold mining as gold continues its trend higher.

Depending on which way gold trades this coming week, the HUI will most likely follow. We tested support just below 480 on the index this past week. This is something that we mentioned could easily happen with the recent smash down in the price of gold. It successfully tested this support level; however upside could be limited for the foreseeable future. Trading opportunities will become limited as the trading range narrows in the falling wedge pattern seen below on the HUI chart. This may be a good time to start moving into cash and waiting out this period of consolidation as the trading range narrows.

This week’s trading range:

Support: 475 at the lower channel line (buy gold stocks and place a tight stop loss).
Resistance: 520 at the 50 DMA if we get a really bullish move, which is something I am not expecting.

We will be updating subscribers in a separate email over the next day or two with regards to our core and trading portfolio. As we mentioned back on March 2nd, subscribers should look at closing our trading positions that were currently open. We hope you took that advice and booked some profits as many of the stocks have come down in price or stayed flat.

Regards

Vin Maru
http://www.tdvgoldentrader.com/blog/

http://news.goldseek.com/GoldSeek/1332252540.php

[the cork]

Silver 32.17, Gold 1655.10, Climbs On Weak Dollar Ahead Of Bernanke
Mar 21, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex April gold up 0.5% at $1,654.40/oz
--Greece passes final laws to activate its bailout
--Traders cautious ahead of Bernanke

NEW YORK (Dow Jones)--Gold futures edged up Wednesday morning as the dollar faltered after Greece passed the legislation necessary to activate its bailout, though buyers were cautious ahead of Federal Reserve Chairman Ben Bernanke's testimony later in the morning.

The most actively traded contract, for April delivery, was recently up $7.40, or 0.5%, at $1,654.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold futures pushed higher as the dollar retreated against the euro after Greek parliament formally approved the new EUR130 billion ($172 billion) loan deal. The vote, held early Wednesday, seals a turbulent period of uncertainty about Greece's ability to avoid default and stay in the European Union. However, the country still faces the challenge of implementing austerity measures that were a precondition for the bailout funds by its international creditors.

Dollar-denominated gold futures tends to seem less expensive to buyers using foreign currencies when the greenback weakens.

Gold trading volumes were muted ahead of Bernanke's testimony to Congress.

"The last time Bernanke spoke, the precious metals complex cratered...on perceptions that further easing was ruled out," said Edward Meir, senior commodity analyst with INTL FCStone, in a note. "While we do not expect to have the same reaction this time around, we would not be surprised to see a little more weakness set in over the precious metals group over the days ahead given the deteriorating technicals."

Gold market participants also continue to weigh in the likely impact of India's proposed higher gold import duty on that country's demand for the precious metal. Many gold retailers have shut their shops to protest the higher import and excise taxes, in a move that's expected to stall March gold imports.

"Imports have almost stopped," said Prithviraj Kothari, president of the Bombay Bullion Association. March imports are expected to total only 25 to 30 metric tons, he said.

Gold traders are keeping close watch on these developments as India is the world's largest consumer of the metal.

"Any longer-lasting period of subdued gold demand such as that seen in recent days in India...is likely to hinder any increase in the price of gold," said Commerzbank.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]

--Debiprasad Nayak in Mumbai contributed to this article.
(END) Dow Jones Newswires
03-21-12 0942ET

http://news.tradingcharts.com/futures/9/6/175710369.html

[the cork]

Spot Silver 32.33, Gold 1648.50 Down; Further Losses Seen
Mar 20, 2012 By Rhiannon Hoyle Of DOW JONES NEWSWIRES

-- Spot gold down 0.9% at $1,648.20 a troy ounce
-- Precious metals fall as investors take profits
-- Base metals, crude futures also lower
-- Worries over improved U.S. outlook, softening Indian demand weigh on gold

LONDON (Dow Jones)--The spot price of gold is lower in Europe Tuesday, falling in line with other commodities as a stronger dollar and poor appetite for the yellow metal prompts investors to take profits.

At 1026 GMT, spot gold traded at $1,648.20 a troy ounce, down 0.9% on the day. Other precious metals were also down, as were crude futures and base metals on the London Metal Exchange.

A stronger greenback is putting downward pressure on the markets, which are priced in dollars and subsequently tend to share an inverse correlation with the U.S. currency.

Gold is also weighed by fears of softening demand from India--after higher import and excise taxes were introduced--and a sustainable recovery in the U.S. economy, with further data on the U.S. housing market due out later in the session.

The market's technical indicators point to further losses for now, said Commerzbank analyst Axel Rudolph.

"The medium-term top in the spot gold price remains in place with further weakness expected to be seen in the coming months, taking gold towards the $1,600/oz-$1,500/oz region," Rudolph said.

Even if the market manages to consolidate higher in the coming sessions, resistance between the 200- and 55-day moving averages at $1,684.94/oz and $1,699.43 /oz should cap prices, he said.

By 1026 GMT, spot silver was also deep in the red, trading down 1.9% at $32.265/oz.

BNP Paribas Tuesday reined in its silver forecast for 2013, to $51/oz from $52/oz, but reiterated a forecast of $37.50/oz for 2012. It said it expects silver to outperform gold for most of the second half of the year, spurred by an improving economic outlook and better risk appetite.

"Although silver, like gold, remains vulnerable to waves of liquidation," analyst Anne-Laure Tremblay said.

The bank meanwhile raised its 2012 forecast for platinum to $1,840/oz from $1,770/oz, and its 2013 forecast to $2,320/oz from $2,195/oz, citing an improved demand outlook and supply issues in South Africa. The bank has lowered its palladium price outlook for this year, though, saying it expects the metal to average $825/oz, down from $835/oz. It left its 2013 forecast unchanged at $1,125/oz.

"Palladium's performance...has disappointed in recent months," Tremblay said. "However, we remain positive of the metal's price prospects for 2012 and 2013, particularly in a context of better than previously expected economic growth."

At 1026 GMT, spot platinum was 0.8% lower at $1,662/oz, while spot palladium was down 0.8% at $694.25/oz.

-By Rhiannon Hoyle, Dow Jones Newswires; [phone]; [e-mail]
(END) Dow Jones Newswires
03-20-12 0637ET

http://news.tradingcharts.com/futures/6/3/175625436.html

[the cork]

DJ Silver 32.94, Gold 1663.30, Futures Flat, Seeking Cues From Dollar
Mar 19, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex April gold slips 20c to $1,665.60/oz
--Traders eye currencies, technical indicators
--Platinum continues to trade above gold

NEW YORK (Dow Jones)--Gold futures were near unchanged Monday as traders sought clues from the currency market and technical indicators amid a quiet trading day.

The most actively traded contract, for April delivery, was recently trading 20 cents lower at $1,655.60 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold traders looked to currency markets for cues. Gold is denominated in dollars, so shifts in the value of the greenback versus other currencies can affect demand for gold among investors holding those currencies as the metal appears more or less expensive to these market participants.

The ICE Dollar index was recently near flat at 79.797, from 79.786 late Friday in New York.

"Currency traders have not been as bullish about the U.S. Dollar since 1999," noted Jon Nadler, senior metals analyst Kitco Metals Inc. "That kind of pro-dollar speculative positioning and confidence level was last seen 13 years ago, at the beginning of what turned out to be a three-year rally in the U.S. currency," he added.

Gold market participants are also looking at technical indicators for signs of where gold prices will next head. Gold closed below its 200-day moving average Friday, a bearish sign for the precious metals market.

"Should gold close below 1640, we would concede defeat," said Barclays Capital, adding that "physical demand has been quiet, with only sharp price corrections triggering interest."

Gold also lost ground to platinum futures. Platinum prices overtook those of gold last week, after nearly seven months where platinum futures traded well below their yellow cousin. Platinum is rarer than gold and is more expensive to produce. However, the metal is widely used in auto catalysts and oil refining and worries about the economy had weighed on traders' expectations of demand for the white metal.

Nymex platinum futures for April delivery, the most active contract, were recently up 50 cents to $1,676.00 a troy ounce.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]
(END) Dow Jones Newswires
03-19-12 0918ET
Click here to find out more!

http://news.tradingcharts.com/futures/1/5/175573451.html

[the cork]

DJ PRECIOUS METALS: Silver 32.48, Gold 1654.20, - India Fears Weigh On Gold Futures
Mar 16, 2012 By Tatyana Shumsky Of DOW JONES NEWSWIRES

--Comex April gold down 0.5% to $1,651.90/oz
--India, world's top gold consumer, considers doubling metal's import duties
--U.S. CPI up 0.4% in February, missing forecast of 0.5% increase

NEW YORK (Dow Jones)--Gold futures were lower Friday on India's proposal to raise gold import taxes and on lower-than-expected U.S. inflation data.

The most-actively traded contract, for April delivery, was recently down $7.60, or 0.5%, at $1,651.90 a troy ounce on the Comex division of the New York Mercantile Exchange.

India, the world largest consumer of gold, proposed to double the import duty on gold to 4%, stoking bearish sentiment among traders and sparking concern about lower demand for the metal.

India's annual gold demand could fall more than 30% to 600 tons after the tax increase and local prices could rise by around INR500 per 10 grams, said Prithviraj Kothari, president of the Bombay Bullion Association.

Gold prices, which have struggled to stem their declines in recent days, retreated on the news.

"Physical demand for the metals has been lacking of late and this duty increase will not help buying from such an important consumer/hoarder of gold and silver," said traders at TD Securities.

The U.S. consumer-price index, which measures how much Americans pay for everything from cereal to medical expenses, increased a seasonally adjusted 0.4% in February from the prior month, the biggest rise since April 2011. However, the data missed expectations of a 0.5% increase.

"We do believe the market will read this as a positive for precious metals," Marc Ground, a metals analyst with Standard Bank, said in a note. The weak inflation data are "keeping hopes alive of any further easing of U.S. monetary policy," he added.

-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [e-mail]
--Debiprasad Nayak and Biman Mukherji contributed to this article.
(END) Dow Jones Newswires
03-16-12 1002ET

news.tradingcharts.com/futures/9/5/175440759.html

[the cork]

Yes I think so, Renee. Our trading companies probably have some sort of cooperative arrangement with counterparts on the TSX. It might have to go broker assisted, but they would probably waive the fee since we cannot make the trade ourselves, at the moment.

[Renee]

Very interesting. I will watch this revoked stock to see if Silvermex can get the stock reinstated. Can the stockholders of CDN stock still trade even though stockholders of the U.S. OTC stock cannot trade?

Yes...very interesting.

[the cork]

He Renee, check sticky ticket #194. Fiona got PR out right away but I wasn't looking on the TSX side. Looks like the problem goes back to the Genco merger. Everything's OK and we still got trading options.

I can think of worse times to be dormant.

Silvermex is the only mining stock I didn't loose money on this week LoL!










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