Silver Miners’ Q3’17 Fundamentals

By Adam Hamilton – Re-Blogged From http://www.Silver-Phoenix500.com

The silver miners’ stocks have really languished this year, grinding sideways to lower for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q3’17 results reveal today’s silver prices remain profitable.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. These are generally due by 45 days after quarter-ends in the US and Canada. They offer true and clear snapshots of what’s really going on operationally, shattering the misconceptions bred by the ever-shifting winds of sentiment. There’s no silver-miner data that is more highly anticipated than quarterlies.

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Precious Metals Bears’ Fear Of Fridays

By Dimitri Speck – Re-Blogged From http://www.Silver-Phoenix500.com

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver. Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.

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Bank Backing Out

By Ted Butler – Re-Blogged From http://www.Silver-Phoenix500.com

News reports this week indicated that the Bank of Nova Scotia (ScotiaBank), Canada’s third largest bank, had put its precious metals operation, ScotiaMocatta, up for sale. Various sources said the unit had been for sale for a year or so and it was thought or hoped that Chinese interests might buy the business. It was also reported that the Bank of Nova Scotia would shrink the unit if no buyer could be found. The impetus for the sale was said to be a scandal involving smuggled gold from South America to the US. Somewhat ironic, and interesting, was that the sale “listing” agent was none other than JPMorgan.

http://www.reuters.com/article/us-scotiabank-gold/scotiabank-mulls-sale-of-gold-trading-unit-sources-idUSKBN1CN2CN

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Silver Stocks Comatose

By Adam Hamilton – Re-Blogged From http://www.Silver-Phoenix500.com

The silver miners’ stocks have mostly drifted sideways this year, looking vexingly comatose.  Such dull price action repels speculators and investors, so they’ve largely abandoned this lackluster sector.  That weak trader participation has led to silver stocks’ responsiveness to silver price moves decaying.  What can shock silver stocks out of their zombified stupor?  And how soon is such an awakening catalyst likely?

Silver stocks’ flatlined behavior so far in 2017 is surprising and odd.  Silver-stock prices are ultimately driven by silver-mining profits, which are overwhelmingly driven by prevailing silver price levels.  Silver in turn is slaved to gold’s fortunes, the yellow metal is the white metal’s dominant primary driver.  With gold faring quite well this year despite the euphoric record stock markets, silver and its miners’ stocks should be shining.

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Silver Bullion Prices Set To Soar

BY Mark O’Byrne – Re-Blogged From http://www.Silver-Phoenix500.com

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness

Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row.

With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly as the gold-to-silver ratio stands well above historical averages. “Silver is definitely undervalued compared to gold and as a stand-alone investment. I consider it likely to be the most undervalued asset in the general investment markets,” says Paul Mladjenovic, author of Precious Metals Investing For Dummies.

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Preparing for the Possibility of Hyperinflation

By Anthony Gilbert – Writer at http://www.realfx.com/blog/

Hyperinflation is a rapid increase in inflation where the prices rise so drastically that calling it inflation becomes meaningless.  While there is no set percentage for hyperinflation, it is often used to describe price increases of 50% or more over a short period.  The sharp increase is what separates hyperinflation from other types of inflation.

What Causes Hyperinflation?

Hyperinflation can occur when the government begins printing larger amounts of money to pay for spending.  As the amount of money being printed increases, the prices of goods and services will increase.  Typically the government would lower the supply of money to curb inflation, but when they continue to print more, there can be an imbalance in supply and demand of currency.  Prices will then skyrocket, and currency will begin to lose its value.  This results in hyperinflation.  Hyperinflation can occur at any time but historically has often happened as results of war economies.

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Oil Paradigm Shift Dead Ahead

By Spock – Re-Blogged From http://www.Silver-Phoenix500.com

Global Macro Thesis: Copper, Copper, Copper

The Chinese are holding their next national congress assembly from 18th October. This is a major event where macro policy for China is agreed and implemented. On the agenda will be the electrification of national road transport, with a plan to be all electric by 2050. This will achieve two objectives: Reduce pollution in the major cities and to be the global leader in the electric vehicle (EV) technology, and associated technologies. The Chinese are also building the infrastructure around the concept, including a huge electric grid upgrade across the country over the next 10 years, to cope with the additional load.

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