Silber: Größter Wochen-Crash seit 42 Monaten

Bis dato ist es die schlechteste Handelswoche für Silber seit April 2013. Der Silberpreis ist massiv überverkauft und hat alleine seit Freitag 10% an Wert verloren:

Quelle: zerohedge.com

Silber: J.P. Morgan erhöht rekordhohe Bestände an der COMEX

Der eindrucksvolle Trend setzt sich fort..

Quelle: goldchartsrus.com

Silber: Globale Barren-Nachfrage in 2015

Indien und die USA waren mit Abstand die größten Nachfrager von Silber-Barren im vergangenen Jahr. Hierzu noch ein informativer Rückblick:

Quelle: SRSroccoReport

Silber: Physische Importe nach Indien erreichen in 2015 neues Rekordhoch

Die Silber-Nachfrage in Indien bleibt auf einem hohen Level. Im vergangenen Jahr erreichten die indischen Importe sogar einen neuen Rekordwert von über 8.500 Tonnen Silber..

Quelle: smaulgld.com

Silber: Nachfrage erreicht in 2015 neues Rekordhoch

Die physische Silber-Nachfrage bleibt in einem soliden Aufwärtstrend. Letztes Jahr erreichte die Nachfrage ein neues Rekordhoch. Interessant ist vor allem der bedeutende Nachfrage-Anstieg bei den Münzen und Barren..

Quelle: goldchartsrus.com

Silber: Nachfrage in 2015 erreicht neues Rekordhoch

Hierzu ein aktueller Bericht auf Mining.com:

Silver demand hit record high in 2015

Demand for silver hit a record-high last year with the jewellery, coin and bar, and photovoltaic sectors, helping to boost the precious metal’s sales to 1.17 billion ounces.

Overall, however, the market registered its third consecutive annual deficit, which was 60% larger than 2014, shows the latest World Silver Survey published Thursday by GFMS in collaboration with the Silver Institute.

According to the report, the shortage was led by the continued weakness in scrap sales and a sharp increase in physical demand.

Source: 22nd World Silver Survey.

Globally, jewellery making increased for the third consecutive year to a fresh high at 226.5 Moz.

The increase was largely achieved on the back of a 16% rise from both India and Thailand, while North America posted a 5% annual increase..

Link: http://www.mining.com/silver-demand-hit-record-high-in-2015/

Silber, Terminmarkt: Short-Positionen des "Smart Money" erreichen neues Allzeithoch

Erneut ergeben sich kuriose Entwicklungen an der COMEX:

Quelle: CME, CoT

Silber steigt auf 10-Monatshoch, Gold:Silber Ratio bricht ein

Der Silberpreis bricht heute erfolgreich auf neues 10-Monatshoch aus..

Quelle: zerohedge.com

Währenddessen knickt das Gold:Silber Ratio ein, was für die Minenaktien generell eine positive Entwicklung ist..

Quelle: zerohedge.com

Silber: ETF-Bestände steigen auf neues Jahreshoch

Die Käufer bleiben am Silber-Terminmarkt aktiv:

Quelle: zerohedge.com

Silber-ETF SLV: Höchste Zuflüsse seit 2013

Nicht nur bei Gold, sondern auch bei Silber steigt die ETF-Nachfrage erheblich an..

Quelle: bloomberg.com

Gold vs. Silber: Ratio nähert sich 10-Jahreshochständen

Nach wie vor zeigt sich Silber deutlich schwächer als Gold, wodurch der Aufwärtstrend im GSR bestätigt wird..

Quelle: bloomberg.com

Silber: Längste Verlustserie in den letzten 65 Jahren

Charts, die Bände sprechen:

Quelle: stockcharts.com

Quelle: stockcharts.com

Quote:

Silver Is Near 2-Month Low After Longest Losing Run in 65 Years

November 17, 2015 — 1:19 AM CETUpdated on November 17, 2015 — 11:41 AM CET

Silver traded near a two-month low after capping the longest run of losses on record as its appeal as a precious and industrial metal declined. Gold slipped for a sixth day..

Link: http://www.bloomberg.com/news/articles/2015-11-17/gold-holds-drop-as-investors-shift-focus-back-to-fed-from-paris

Gold, Silber: Angebot und Nachfrage am Termin-Markt

MUST READ - credit to Zerohedge:

Supply And Demand In The Gold And Silver Futures Markets

Submitted by Tyler Durden on 07/28/2015 18:15 -0400

• 8.5%
 
• Bear Market
 
• Central Banks
 
• China
 
• Comptroller of the Currency
 
• Fail
 
• Federal Reserve
 
• Futures market
• India
 
• Office of the Comptroller of the Currency
 
• Precious Metals
 
• Purchasing Power
 
• Quantitative Easing
 
• Reserve Currency
 
• Reuters
 
• Too Big To Fail
 
• Wall Street Journal

Authored by Paul Craig Roberts and Dave Kranzler,

This article establishes that the price of gold and silver in the futures markets in which cash is the predominant means of settlement is inconsistent with the conditions of supply and demand in the actual physical or current market where physical bullion is bought and sold as opposed to transactions in uncovered paper claims to bullion in the futures markets. The supply of bullion in the futures markets is increased by printing uncovered contracts representing claims to gold. This artificial, indeed fraudulent, increase in the supply of paper bullion contracts drives down the price in the futures market despite high demand for bullion in the physical market and constrained supply. We will demonstrate with economic analysis and empirical evidence that the bear market in bullion is an artificial creation.

The law of supply and demand is the basis of economics. Yet the price of gold and silver in the Comex futures market, where paper contracts representing 100 troy ounces of gold or 5,000 ounces of silver are traded, is inconsistent with the actual supply and demand conditions in the physical market for bullion. For four years the price of bullion has been falling in the futures market despite rising demand for possession of the physical metal and supply constraints.

We begin with a review of basics. The vertical axis measures price. The horizontal axis measures quantity. Demand curves slope down to the right, the quantity demanded increasing as price falls. Supply curves slope upward to the right, the quantity supplied rising with price. The intersection of supply with demand determines price. (Graph 1)

A change in quantity demanded or in the quantity supplied refers to a movement along a given curve. A change in demand or a change in supply refers to a shift in the curves. For example, an increase in demand (a shift to the right of the demand curve) causes a movement along the supply curve (an increase in the quantity supplied).

Changes in income and changes in tastes or preferences toward an item can cause the demand curve to shift. For example, if people expect that their fiat currency is going to lose value, the demand for gold and silver would increase (a shift to the right).

Changes in technology and resources can cause the supply curve to shift. New gold discoveries and improvements in gold mining technology would cause the supply curve to shift to the right. Exhaustion of existing mines would cause a reduction in supply (a shift to the left).

What can cause the price of gold to fall? Two things: The demand for gold can fall, that is, the demand curve could shift to the left, intersecting the supply curve at a lower price. The fall in demand results in a reduction in the quantity supplied. A fall in demand means that people want less gold at every price. (Graph 2)

Alternatively, supply could increase, that is, the supply curve could shift to the right, intersecting the demand curve at a lower price. The increase in supply results in an increase in the quantity demanded. An increase in supply means that more gold is available at every price. (Graph 3)

To summarize: a decline in the price of gold can be caused by a decline in the demand for gold or by an increase in the supply of gold.

A decline in demand or an increase in supply is not what we are observing in the gold and silver physical markets. The price of bullion in the futures market has been falling as demand for physical bullion increases and supply experiences constraints. What we are seeing in the physical market indicates a rising price. Yet in the futures market in which almost all contracts are settled in cash and not with bullion deliveries, the price is falling..

Link: http://www.zerohedge.com/news/2015-07-28/supply-and-demand-gold-and-silver-futures-markets

Gold: Gewaltiger Flash-Crash führte heute Nacht zu gleich zwei Handelsunterbrechungen im Asien-Handel

Beeindruckender Chart von Nanex zum Desaster im Goldpreis heute Nacht:

Quelle: Nanex, Zerohedge.com

Quelle: stockcharts.com

Quote:

Last Night's Gold Slam So Furious It Halted The Market Not Once But Twice, And The Funniest "Explanation" Yet

Submitted by Tyler Durden on 07/20/2015 12:35 -0400


Yesterday, just before the Chinese market opened, precious metals but mostly gold, flash crashed in milliseconds with a violent urgency never before seen. We documented the unprecedented event last night, but for those who missed it, the following chart from Nanex clearly lays out just how sudden the "out of nowhere" selling was, which led to not one but two 20-second halts in the gold futures market spaced out precisely 30 seconds apart as a result of a Velocity Logic (or lack thereof) event..

Link: http://www.zerohedge.com/news/2015-07-20/last-nights-gold-slam-so-furious-it-halted-market-not-once-twice-and-funniest-explan

Gold, Silber, Platin: Nächster initiierter Flash-Crash bei den Edelmetallen im frühen Asien-Handel heute Nacht

Credit to Zerohedge:

Gold, Precious Metals Flash Crash Following $2.7 Billion Notional Dump

Submitted by Tyler Durden on 07/19/2015 22:29 -0400

• Bitcoin
 
• China
 
• Citigroup
 
• Futures market
 
• HFT
 
• Precious Metals

 

The last time gold plummeted by just over $30 per ounce (dragging down silver and bitcoin with it) and resulted in a crash so furious it led to a "Velocity Logic" market halt for 10 seconds, was on January 6, 2014. Many said this was just perfectly normal selling, although we explicitly said (and showed) that it was a clear case of an HFT algo gone wild (following an order to do just that and slam all sell stops) when someone manipulated the market and repriced gold substantially lower.

Precisely one month ago, some 18 months after the incident, the Comex admitted as much, when it blamed the collapse on "unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event." Curiously despite the "errant" order, gold did not rebound because the entire purpose of the selling slam was to reset the prevailing price far lower. This is what the Comex said in Disciplinary action 14-9807-BC:

Pursuant to an offer of settlement Mirus Futures LLC (“Mirus” or the “Firm”) presented at a hearing on June 16, 2015, in which Mirus neither admitted nor denied the rule violations upon which the penalty is based, a Panel of the COMEX Business Conduct Committee (“BCC”) found that it had jurisdiction over Mirus pursuant to Exchange Rule 418 and that on January 6, 2014, Mirus failed to adequately monitor the operation of its trading platform (Zenfire), and connectivity of its trading system (Zenfire) with Globex. This failure resulted in unusually large and atypical trading activity by several of the Firm’s customers and caused the mass entry of order messages by Zenfire, which resulted in a disruptive and rapid price movement in the February 2014 Gold Futures market and prompted a Velocity Logic event.

The Panel found that as a result, Mirus violated Rules 432.Q. (Conduct Detrimental to the Exchange) and 432.W.

We bring this up because moments ago, just before 9:30pm Eastern time or right as China opened for trading, gold (as well as platinum, silver, and virtually all precious metals) flashed crashed when "someone" sold $2.7 billion notional in gold, resulting in a 4.2% or about $50 to just over $1,086/oz, the lowest level since March 2010.

Gold:

Silver:

Platinum:

Once again, as in February 2014 and on various prior cases, the fact that someone meant to take out the entire bid stack reveals that this was not a normal order and price discovery was the last thing on the seller's mind, but an intentional HFT-induced slam with one purpose: force the sell stops.

So what caused it?

The answer is probably irrelevant: it could be another HFT-orchestrated smash a la February 2014, or it could be the BIS' gold and FX trading desk under Benoit Gilson, or it could be just a massive Chinese commodity financing deal unwind as we schematically showed last March...

... or it could be simply Citigroup, which as we showed earlier this month has now captured the precious metals market via derivatives.

Whatever the reason, gold just had its biggest flash crash in nearly two years, as a targeted stop hunt launched by the dumping of $2.7 billion notional in product, accelerates the capitulation of the momentum buyers (and in this case sellers) pushing gold to a level not seen almost since 2009.

The price appears to have rebounded after the initial shock, up about $20 from the intraday low of $1,086 but we expect that to be retested shortly, and for gold to plunge further into triple digits, at which point gold miners will simply cease to produce the metal whose all-in production cost is in the $1100 and higher range, when it will also become clear that only derivatives and "paper" are the marginal "price" setters..

Quelle: http://www.zerohedge.com/news/2015-07-19/gold-precious-metals-flash-crash-following-27-billion-notional-dump

The most visited JRB blog post this week is..

..this one:

Silber: JP Morgan's physischer Kaufrausch reißt nicht ab

Ganz knapp vor:

Wie JPMorgan im Rohstoffmarkt: Citigroup cornered Edelmetall-Derivatemarkt

Gold/Silver Ratio läuft diese Woche auf ein neues 5-Jahreshoch

Noch keine Trendwende in Sicht - im Gegenteil aktuell.

Quelle: goldprice.org

Quelle: goldprice.org

Quelle: goldprice.org

Silber: JP Morgan's physischer Kaufrausch reißt nicht ab

Während der Papier-Silberpreis (SLV) diese Woche schon fast dabei war auf neue Mehrjahres-Tiefstände einzubrechen, steigert der einflussreichste Spieler im Edelmetall-Derivatemarkt seine Long-Positionen auf Silber weiter.

JP Morgan's (NYE:JPM) physische Silber-Bestände überschreiten Anfang Juli die Marke von signifikanten 60 Millionen Silber-Unzen. Der folgende Chart spricht wahrlich Bände..

Quelle: goldchartsrus.com

Silber: US-Finanzgigant JP Morgan baut physische Positionen massiv aus

Der einflussreichste Spieler im Edelmetall-Derivatemarkt steigert seine Long-Positionen auf Silber.

JP Morgan's (NYE:JPM) physische Silber-Bestände überschreiten im Mai die Marke von 55 Millionen Unzen..

Quelle: goldchartsrus.com

Derweil hält sich die ETF-Nachfrage im Silber-Sektor sehr stabil..

Quelle: goldchartsrus.com

Aktuelles Interview mit Silver Wheaton's CEO Randy Smallwood

Wie immer hörenswerte Statements von Top-Manager Randy Smallwood, CEO von Silver Wheaton (NYE:SLW):

What keeps Silver Wheaton CEO up at night

Thu, Mar 19, 2015 - 2:45 PM

Silver Wheaton is a play on commodities, in that it provides mining companies with the capital needed to develop their operations in exchange for rights to buy the output for cheaper than market prices. With the bulk of its revenues in silver, BNN finds out where the money is to be made in mining finance from one of the most well known faces in the streaming business. Randy Smallwood, CEO, Silver Wheaton joins Catherine Murray on Business Day. He also shares what is top of mind for him, particularly after the latest U.S. Fed interest rate decision..

Link: http://www.bnn.ca/Video/player.aspx?vid=573930

Quelle: bnn.ca

Quelle: bigcharts.com