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The increase in the PM prices happened even though the euro weakened slightly against the US dollar.
Today gold closed down $11.70 at $933.60 and silver closed down .11 at $18.26. For the week gold is up $6.80 and silver is up .78.
Silver was up when the NY metals market opened but then dropped .44 in the 1st 40 minutes and is currently down .31.
Today gold closed up $5.60 at $945.30 and silver closed up .28 at $18.37. So far this week gold is up $18.50 and silver is up .89.
Today gold closed up $14.80 at $939.70 and silver closed up .69 at $18.09.
Kevin, this is very unusual for a Tuesday. This summer
may be different due to the falling dollar, oil price
and the failing of some major banks. We have just seen
the start. They are losing billions each quarter.
Today gold closed down $1.90 at $924.90 and silver closed down .08 at $17.40.
Gold and silver were up nicely when the NY market opened but so far silver has been pushed back down by 50 cents and has rebounded a bit.
Today gold closed up $10.00 at $926.80 and silver closed up .34 at $17.48. For the week gold is up $25.50 and silver is up .16. $17.50 appears to be the silver price that scares the bullion banks. They continue to lose billions each quarter. Silver broke through the $17.50 mark on several occasions only to drop back under $17.50 at the end of the day.
Silver dropped 15 cents in the 1st 15 minutes after the NY market opened after being up 32 cents.
Today gold closed up $31.50 at $916.80 and silver closed up .40 at $17.14. So far this week gold is up $15.50 and silver is down .18.
Kevin, for the past few weeks the PM's have been alternating. This is the week that they are suppose to be up even though they took a huge hit on Monday and Tuesday. Currently gold is up $6.30 but silver is still down .08.
Today gold closed down $4.10 at $885.30 and silver closed up .09 at $16.74. So far this week gold is down $16.00 and silver is down .58.
Today gold closed up $5.70 at $889.40 and silver closed down .13 at $16.65.
Today gold closed down $17.60 at $883.70 and silver closed down .54 at $16.78.
Kevin, I don't know where Tsafi is. The military is gearing up and maybe he was called.
Kevin, this has happened on several Mondays and in some weeks the price still went up nicely by the end of the week. The precious metal prices have been very volatile.
5-16-08---Gold $901.60---Silver $16.94
5-23-08---Gold $924.20---Silver $18.18
5-30-08---Gold $886.10---Silver $16.87
6-6-08----Gold $902.20---Silver $17.50
6-13=08---Gold $870.70---Silver $16.51
6-20-08---Gold $901.30---Silver $17.32.
This volatility indicates that this week gold and silver should
be down sharply. But this type of volatility also indicates that a breakout is around the corner but I would be surprised if it takes place before the end of September.
Silver drops .81 in the 1st 50 minutes, gold drops $28.30.
Today gold closed up $3.30 at $901.30 and silver closed unchanged at $17.32 after being up .33 earlier in the session. For the week gold is up 30.60 and silver is up .81.
The following information is from David Morgan:
"Here are a few headlines I have collected over the past few years from the Silver Institute.
Electrical Uses
Superconductor Pioneers Honored With Nobel Prize
World’s Smallest Light Source Comes From Silver
New Class of Silver Compounds May Advance Superconductivity
Silver Iodide Turned to Glass - Holds Promise for New Batteries and Displays
Lasers and Silver Atoms Hold Promise for Switching Future Optical Network
China Joins the Superconductor 100-Plus Meter Club
Silver to Star in New Superconductor Plant
Silver-Sheathed Motors For Ship Propulsion
New Technique Makes Silver Tougher
Silver Clusters Become the New Computer Memory
Electric Power and Silver Share a Long History
Silver-Sheathed HTS Coils to Power First 1,000-Horsepower Motor
Hi-T Superconductor Electricity Storage Device Unit Can Prevent Power Outages
Silver-Coated Wire Device Stores Electricity
Department of Energy Announces National Superconductivity Program
Tiny Silver-Coated Spheres Play Big Roles
Silver Boosts Efficiency of Electric Motors
Silver Provides Spark Plugs with Revolutionary Performance"
This morning, after the NY metals market opened, silver dropped .22 in the 1st hour but is still up .13
Today gold closed up $4.40 at $898.00 and silver closed down .01 at $17.32.
Today gold closed up $11.50 at $893.60 and silver closed up .31 at $17.33.
Today gold closed up .50 at $882.10 and silver closed down .08 at $17.02.
Today gold closed up $10.80 at $881.60 and silver closed up .59 at $17.10.
Today gold closed up $2.70 at $870.80 and silver closed up .07 at $16.51. For the week gold is down $31.50 and silver is down .99.
Today gold closed down $12.10 at $868.10 and silver closed down .41 at $16.44. So far this week gold is down $34.10 and silver is down $1.06.
Today gold closed up $13.60 at $880.20 and silver closed up .29 at $16.85. So far this week gold is down $22.00 and silver is down .65.
Today gold closed down $26.00 at $866.60 and silver closed down .52 at $16.56. So far this week gold is down $35.60 and silver is down .94.
You are right about the floodgates. But I have no idea. They have already gone further than I thought that they would. The longer it goes the more desperate it gets. They continue to roll over the contracts and add to their positions which only makes things worse. I am not sure about gold but the industrial applications for silver will prevent the paper players from holding out until a bear market takes place.
The US bullion Banks are still controlling the price. Silver was up in London when the US metals market opened. After the opening the price of silver dropped .72.
Kevin, that coupled with the paper players that seem to be hitting the PM's every Monday and Tuesday.
A little over a year ago HNSO was trading at .07. It is now .0035. That is a 95% loss. Don't you think that you have lost enough on this stock and it is time to move on?
In about an hour of trading on the NY metals market, gold fell $11.90 and silver .34
Today gold closed down $9.60 at $892.60 and silver closed down .42 at $17.08.
GOLD HILL, Nev., June 9, 2008 /PRNewswire-FirstCall via COMTEX/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG), the largest mineral rights land position in Nevada's Comstock Lode Mining District, reported today that drill hole #40 at the Hartford Complex, which is not included in the independent preliminary resource report being discussed on a conference call tomorrow, which has been rescheduled for 4:30 p.m. eastern time, encountered five feet of ore containing 1.927 ounces of gold per ton. This hole, due to the high-grade of mineralization, has the potential to have Bonanza levels of gold. This is the highest grade of ore the Company has identified since the commencement of the drilling program in December 2007. Hole #40 is located in a different zone than the drilling activity reported previously.
"We believe drill hole #40 suggests that the Hartford Complex, which we have always believed to be a potentially very strong resource for gold, could exceed the previous expectations set forth in the preliminary report which is being discussed on tomorrow's conference call (which does not address drill hole #40)," said Jim Golden, GoldSpring's Chief Operating Officer. "Drill hole #40 provides even stronger support for our conclusion that continued exploration in the vicinity of our on-going drilling program will result in a dramatic increase in the company's precious metals resource and substantially increase the value of our holdings."
To date, the Company has drilled 54 holes and has received third-party assay results for the first 42 of those drill holes. The Company expects to receive assay results for the balance of the 54 drill holes in June. The Hartford Complex represents less than five percent of the Company's total landholdings in the Comstock Lode.
The Company will hold a conference call tomorrow at 4:30 p.m. eastern time to discuss hole #40 and the preliminary findings of the 43-101 reserve report. Interested participants should dial 866-214-7077 when calling within the United States or 416-915-9608 when calling internationally along with pass code 8254829. There will be a playback available as well. To listen to the playback, please call 888-203-1112 when calling within the United States or 719-457-0820 when calling internationally. Please use pass code 8254829 for the replay. The call is also being webcast and can be access at GoldSpring's website at http://www.goldspring.us.
GoldSpring, Inc., the largest mineral rights land position in Nevada's Comstock Lode Mining District, announced today that it will hold a conference call on Tuesday, June 10th at 11 a.m. eastern time at which time it expects to discuss the preliminary findings of the 43-101 resource report that was conducted by an independent geology firm to determine the value of the mineral rights held by the Company in Nevada's Comstock Lode Mining District.
For the conference call, interested participants should dial 866-214-7077 when calling within the United States or 416-915-9608 when calling internationally along with pass code 8254829. There will be a playback available as well. To listen to the playback, please call 888-203-1112 when calling within the United States or 719-457-0820 when calling internationally. Please use pass code 8254829 for the replay.
GSPG is moving this morning due to the news out this morning about the conference call concerning 43-101 resource report.
Yes I did. Good for you. You have done very well during the past couple of weeks. This has gone up so fast that I would put a stop loss on it.
Today gold closed up $24.20 at $902.20 and silver closed up .35 at $17.50. For the week gold is up $16.10 and silver is up .63.