Gold & Silver Bullion

Digital Silver
Silver Seek
The new electronic age couldn’t be better for silver investors.  As consumers swap out their cell phones every two years and Apple releases a new product meant to bridge the gap between cell phones and personal computers, silver has plenty of room to prosper. During the early 2000s, analysts screamed that silver was sure to reach its deathbed, as its use in photographic development dipped to new lows.  However, most analysts at the time failed to see what was the future. While we’re no longer developing nearly as much film, we’re also consuming silver in new ways never once imagined.  In the year 2000, to think that every middle class family would have at least one mobile phone (loaded with silver components) was outlandish.  Today, kindergarteners sport the newest electronic gizmos on their first day of school.  Silver is out for some, but in the future, it is nothing but in.
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Gold Investment Demand Offset by Gold Sales
Kitco
Gold prices held firm near the $1150 price level overnight but dollar strength in the wake of more eurozone uncertainties about just how and when it is that Greece might get the aid it has requested, prevented the yellow metal from straying too much higher than $1157 the ounce. Gold market participants have taken note of a rising tide of scrap gold flowing into the market in the wake of the near 4% gain in spot bullion prices over the course of the past month. As things stand right now, the size of the strength in investment demand has practically been offset by the sale of old gold.
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Gold Defies Surging Dollar
Gold Seek
The price of gold in large, wholesale gold bars held near a 4-month high vs. the Dollar early in London on Wednesday, trading above $1162 an ounce even as the US currency hit a 12-month hit against the Euro on fresh political wrangling over the Greek government bail-out. “It’s not a question of the danger of contagion; contagion has already happened,” said OECD secretary general Angel Gurria to journalists earlier. “This is like Ebola…threatening the stability of the financial system.” Slashed to “junk bond” status yesterday by the credit rating agencies, Greek government debt continued to fall, driving two-year yields above 16%.

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Coins Secure Credit for Odyssey Marine
Tampa Bay Business Journal
Odyssey Marine Exploration Inc. renewed it $5 million revolving credit facility with Fifth Third Bank. The line of credit initially is secured by about 29,000 numismatic coins recovered by the company from the SS Republic shipwreck, a filing with the Securities and Exchange Commission said. The number of coins held as collateral will be reduced over the term by the amount of coins sold by Odyssey Marine, the filing said. Odyssey Marine (NASDAQ: OMEX), a Tampa company that explores and recovers deep-ocean shipwrecks worldwide, said it would use the credit line to fund ongoing operations.
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Gold Looks Better Than Ever
Money News
Sprott Asset Management CEO Eric Sprott is very long on gold and not very optimistic about cyclical metals like copper. “Gold looks better today than it ever did before,” Sprott says, because of ongoing sovereign debt concerns in Greece and other “PIIGS” nations — Portugal, Italy, Ireland, Greece and Spain —  as well as easy monetary policies across the globe. “Some of the smartest investors in the world” are bullish on gold, the Canadian hedge fund manager says. Tuesday, Gold for June delivery jumped $8.20 to settle at $1,162.20 an ounce on the Comex division of the New York Mercantile Exchange.
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Palladium in Strong Bullish Phase
Commodity Online
In an earlier article we had explored the Palladium bull market and laid down the criteria necessary for Palladium to trade to the 800 ranges. We are going to post some of the excerpts of this article below before we take a look at Still water mining (SWC). It broke through the 1st resistance point at 375 with relative ease and is now attempting to break past an even stronger zone of resistance. The $465-$475 ranges make up a zone of very strong resistance, and most likely it will take several attempts before palladium manages to break past this zone; once it does though it should be clear sailing to the 550-600 ranges. The $465-$475 ranges which should have provided a zone of strong resistance, was once again taken out with ease, indicating that Palladium is in an extremely strong upward bullish phase.
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