Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

The Cybersecurity Play That Doubled Once – Will Double Again

Not long ago, a relative of mine was the victim of identity theft. And I have to tell you that I really felt for the entire family.

The thief ran up nearly $20,000 in charges, opened new accounts and tried to open others.

And I can tell you that the frustrations over the losses (most of which ended up being covered) were dwarfed by the helplessness that came whenever new charges showed up – and the worry that was spawned by never finding out how the whole mess started.

As we watch the headlines about data breaches and cybercrime – and watch as the violations move closer and closer to home – those worries only escalate.

  • Silver Prices

  • Is Investing in Silver a Good Idea After June's 12.5% Surge? Investing in Silver

    The prospect of investing in silver in 2014 started off looking dismal. Silver was down by almost 50% since the beginning of 2013. However, the commodity appears to be making a comeback, rising 12.5% in June alone.

    With silver prices on the rise, is now a good time to be investing in silver? Read the story to find out...
  • Silver Prices May Level Off – but Will Stay Strong in Coming Months silver bars

    Silver prices got a slight bump this week, as traders continue to feed into the momentum of precious metal investments generated by fear of earlier-than-expected interest rate hikes. Silver prices are up about 1.3% on the week to $21.13 as of 12:17 p.m. today (Friday).

    This week’s climb is not as dramatic an increase as last week – here’s what has changed, and where the white metal is headed...
  • An Old Institution Dies… and a New Bull Market Is Born bull market

    After 117 years, the current London Silver Fix is shutting down.

    In fact, we know it's going to happen on August 14th for certain.

    Free marketeers are excited; for years many have maintained that silver prices are being manipulated.

    Ted Butler, for one, publishes commentary with a special focus on the silver market. Ted's likely the most outspoken observer of daily silver futures price machinations anywhere. I did an extensive interview with him on this very topic in 2012.

    Now comes confirmation that the London Silver Fix is finally closing shop.

    That in itself isn't proof of manipulation, but the circumstances certainly raise some intriguing questions.

    There are clues from its history worth studying - and profits to be made from its demise…

    Full Story
  • Silver Prices Today Jump on "Perfect Storm" of Buying silver

    Silver prices today (Friday) are still on the rise after ripping through the $20 an ounce level Thursday.

    July Comex silver was trading up $0.20, or 0.95%, at $21.10 in morning trading Friday. The silver price hasn't seen today's $21 level since March 17.

    Here’s what’s behind the move.
  • The Tone of Today's FOMC Meeting Matters for Gold and Silver fomc meeting

    Gold, silver, and the FOMC meeting today: Precious metal prices were fairly steady Wednesday morning awaiting the typically market-moving statement from the Federal Open Market Committee (FOMC) meeting today. The spot gold price was last trading down $0.90 at $1,271.50. July silver prices were last quoted up $0.003 at $19.735 an ounce.

    Over the last several years, investors have shown a keen interest in shiny assets as the U.S. Federal Reserve liberally printed money and distrust in dollars grew. But that interest has waned as the Fed slows its bond buying.

    Now an FOMC meeting can be a strong headwind for gold and silver...
  • Silver Price Today Cushioned by Solid Demand silver price today

    The silver price today moved solidly higher in morning trading following some positive economic data out of China.

    July Comex silver traded up $0.392, or 1.26%, at $19.73, after the preliminary HSBC China manufacturing purchasing managers index (PMI) for May came in at 49.7. That was up from 48.1 in April, and was the best reading in five months.

    Here’s what’s next for the price of silver…
  • With the Silver Price Low, Demand for Physical Silver Sets a Record Silver Prices

    It's like Money Morning Global Resources Specialist Peter Krauth has been saying: A low silver price doesn't scare away investors; it draws them in.

    As silver prices slumped 36% in 2013, retail investors took advantage of the dips and sent physical silver demand up 13% to an all-time high, according to World Silver Survey 2014.

    Here's what else is moving demand for physical silver today...
  • Spike for Silver Prices Ahead? This Options Activity Suggests So silver prices

    After rising as much as 16% earlier this year, silver prices are now nearly unchanged year-to-date. They're up just 0.2%, while gold has gained 7.2%.

    The silver price isn't the only number that's lagging...

    Silver's option activity sits near a decade low. That's highly unusual - and won't last.

    In fact, the low activity suggests some big changes ahead for the white metal…
  • Silver Prices Move Higher Amid Stock Market Sell-Off, Dovish Fed silver prices

    Silver prices spiked some 2%, or $0.51, to $20.49 an ounce intraday Thursday before closing the session up $0.37 to $20.14 an ounce.
    The gains came as the U.S. stock markets sold off sharply. Stocks sank even after the Labor Department reported U.S. weekly jobless claims dropped to a seven-year low, a sign of ongoing recovery in the labor market and the economy.

    But what we care about is the big picture.

    Here's what's ahead for silver...
  • Silver Prices Slip in 2014's Q1 but Consumer Demand Still Solid Silver Spot Prices per Ounce

    Spot silver prices rose $0.07, or 0.4%, to $19.86 an ounce midday Monday as precious metal traders and investors gear up for a busy week ahead.

    Market participants remain guarded, with a spate of U.S. economic data flooding in as the week wears on. Capping the busy week will be Friday's closely watched March jobs report.

    Meanwhile, Monday caps the end of 2014's first quarter.

    So let's take a look at silver...
  • Investing in Silver: Singapore Supplier Opens Vault on Soaring Demand silver prices

    Amid frenzied demand to buy and store silver, a Singapore retail supplier of coins and bars opened a new 600-metric-ton vault on Monday.

    The sizable Silver Bullion Pte. Ltd. storage facility can hold some $390 million worth of silver (at Friday's prices of $20.33 per ounce). Known as The Safe House, the new facility is located west of Changi International Airport. At present, it keeps some 37 tons of silver, mostly for its retail clients, behind a secure 2.5-ton stainless door.

    Here's what that means for investing in silver...
  • Silver Prices Today Rebound After Taking a Hit from FOMC Silver Price Forecast

    Silver prices today (Friday) were modestly higher as bargain hunters stepped up to buy the dips. In early trading, spot silver last traded up $0.11 to $20.45.

    It's been a volatile and punishing week for silver.

    In morning trading Thursday, silver futures for May delivery slumped 2.3% to $20.355 an ounce, on pace for the biggest drop since March 7.

    That put white metal prices heading for their fourth consecutive day of losses, the longest streak since Nov. 13...
  • Silver Prices Today Show Long-Term Profit Potential Silver Commodities Prices 2014

    Buoyed in early trading by a flight to safety amid simmering turmoil between Ukraine and Russia, silver prices today are showing signs of life.

    In morning trading Friday, the price of silver rose $0.62, or 2.44%, at $21.89 an ounce. While the white metal slipped $0.148 Thursday to finish the session at $21.25 an ounce, the dip came on mild profit taking. Silver had a stellar showing Wednesday, ending up 2.66%, or $0.55, at $21.33.

    Here's why this is an important catalyst for higher silver prices over the week...
  • Silver Prices Today: Expect Continuing Rally in Coming Months shutterstock_9189067

    Even though silver prices today (Friday) are down a relatively flat 0.59%, they're up more than 10% so far in February, and the rally won't end here.

    This is where silver prices are heading in early 2014 - and how they're getting there...
  • Pan American Silver (Nasdaq: PAAS) Notches Victory over Lower Silver Prices Price of SIlver in 2014

    Despite lower silver prices, Vancouver's Pan American Silver Corp. (Nasdaq: PAAS) reported strong earnings yesterday (Thursday) that sent its shares soaring 6.28% over the day - and up to an 8.35% gain through Friday.

    At first glance, Pan American's story may appear grim. In 2013, silver prices fell 35.7%, and Pan American shares fell right alongside, for a remarkably similar 35.57% loss across the year.

    Thursday's earnings posted a net loss of $293.1 million, or $1.94 per share, during Q4 2013.