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Silver Wheaton (SLW) Stock Sliding on Lower Commodities Prices

NEW YORK (TheStreet) — Silver Wheaton  (SLW – Get Report) stock is down 0.43% to $11.63 in midday trading on Thursday, as commodities prices decline ahead of tomorrow’s release of U.S. employment data.

Silver Wheaton is a Vancouver, Canada-based mining company that generates revenue from silver and gold sales.

The Fed will likely look to the U.S. nonfarm payrolls data due out on Friday for signs of whether the economy has sufficiently recovered to withstand an interest rate hike in September or December of this year, The Wall Street Journal reports.

Any indications of a delay to the interest rate hike by the central bank would benefit non-interest bearing commodities such as silver and gold, as their relative value declines with higher interest rates.

“Only amazingly good U.S. data would bring the prospect of the rate hike back to September from December,” Citi strategist David Wilson told Reuters. “That could put immediate further pressure on the gold price.”

Silver for December delivery is lower by 0.05% to $14.66 per ounce, while gold for December delivery is down by 0.88% to $1,123.60 per ounce on the COMEX this afternoon.

Separately, TheStreet Ratings team rates SILVER WHEATON CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

“We rate SILVER WHEATON CORP (SLW) a HOLD. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive

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CHART: More volatility ahead…

From Jeff Clark, Editor, Stansberry Short Report:

The stock market likely has several weeks of choppy action ahead of it.

It has been four years since investors last endured a market correction of 10% or more. The last time it happened was between July and October 2011, when the SP 500 fell 17%.

Even at the lows last Tuesday, the most recent decline only pushed the SP 500 about 12% below its 2,130 high. That’s a relatively mild correction. But again, it’s the largest we’ve seen in four years.

The rally off of the lows has been sudden and dramatic – which is normally what happens when conditions get so oversold. This is the same sort of action we saw during the correction in 2011. And based on what we saw in 2011, there’s more volatility ahead…

Take a look at what the SP 500 did in 2011…

SEE ALSO: Dr. Ron Paul Describes Exactly What America’s Next Crisis Will Look Like

There are a few things to take note of on this chart. First, the low in early August 2011 was about 75 points (or 6.1%) below its nine-day exponential moving average (EMA). And it was almost 175 points (or 13.5%) below its 50-day moving average (DMA).

The moving average convergence divergence (MACD) momentum indicator was also at its lowest level of the year and there was no sign of positive divergence (the MACD making higher lows while the SP 500

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Expert: Why Friday’s jobs report doesn’t mean the Fed will raise rates this month

From Mohamed A. El-Erian for Bloomberg:

The U.S. jobs report for August released Friday didn’t provide the clarity about the state of the nation’s recovery that many had eagerly anticipated. For the Federal Reserve, this mixed picture will complicate deliberations over whether to raise rates at its policy meeting on Sept. 16-17.

With 173,000 added positions, job creation in August was the slowest in 5 months and significantly undershot consensus expectations of about 220,000. But that negative economic signal was offset by several other data points in the report — including the notable fall in the unemployment rate to 5.1 percent, the lowest level since April 2008, the upward revisions to previous months’ numbers, the longer hours worked and a pickup in wage growth.

On its own, this report probably wasn’t sufficiently decisive to tip the Fed’s decision — one way or the other — about when to begin its campaign to raise interest rates for the first time in more than nine years. It didn’t provide the kind of strong data that suggests the U.S. economy could easily withstand the adverse impact of weaker global growth and financial market volatility — a clarity that would have provided clear justification for a hike in September. But nor did the August data clearly signal that such a move would be ill-advised.

READ MORE: Why America is NOT Normal – Dr. Ron Paul’s 8 facts prove how bad things really are

Instead, the middling snapshot adds to the uncertainty

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Silver rises on steady industrial demand; gold steady

Silver prices firmed up further in an otherwise lacklustre domestic bullion market here due to sustained off-take by jewellery makers as well as industrial units.

However, gold ended steady in the absence of buying support at existing levels.

Traders and stockists opted to stay on the sidelines in the wake of unprecedented volatility in the equity and currency markets worldwide.

Silver (.999 fineness) rose by Rs. 145 per kg to end at Rs. 35,655 from Thursday’s closing level of Rs. 35,510.

Standard gold (99.5 purity) and pure gold (99.9 purity) both closed at their overnight level of Rs. 26,325 and Rs. 26,475 per 10g, respectively.

On the global front, the shiny metal traded relatively flat due to lack of demand from Chinese investors as well as uncertainties over U.S. Fed rate hike even as investors stayed on sidelines ahead of Friday’s key non-farm payrolls data.

Spot gold was marginally weak at 1,123 an ounce in early European trade, while silver quoted little changed at $14.65 an ounce.

Keywords: Mumbai bullion rates

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Don’t dismiss the EU investigation into alleged gold and silver price fixing

– Posted Thursday, 3 September 2015 | | Disqus

By Peter Cooper

Goldbugs are bemused by reports that the European Union competition watchdog is investigating alleged anti-competitive behavior by participants in the precious metals market.

But anybody who remembers how the EU broke up the cement cartel a couple of decades ago will know that this is a watchdog that has very powerful teeth. Its fines can bankrupt even very large companies or banks.

Prior evidence

True the goldbugs have watched and waited in the past when various investigations into alleged precious metal price fixing have been launched in the US, UK and Germany. These investigations have quietly concluded that nothing was wrong, despite some very convincing evidence from market watchers and industry experts.

The general view in the gold community is that the central banks themselves manipulate the gold price to help dampen inflation expectations. And the central banks are above the law in such matters.

However, they may have met their match in the EU competition watchdog. According to the Treaty of Rome and its later additions, EU law is the supreme authority, and even central banks are subservient to its law.

The European Union is particularly strong on maintaining a level playing field in terms of business competition and market pricing. There was a time big cement firms thought they were above EU law, until one day investigators turned up first thing in the morning to seize documents and take

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DEFLATION: Across the developed world, inflation is still non-existent…

From Bloomberg:

Central bankers are failing to meet their own standards for inflation. With growth and trade down in much of the world, inflation is lower than they want it to be across the biggest economies: the U.S., Europe, Japan, and China.

Yet when central bankers met for the Jackson Hole Economic Policy Symposium in Wyoming in late August, the talk was about how inflation was really, truly, finally about to rise—in spite of the economic and market turmoil that was going on at lesser altitudes. “There is good reason to believe that inflation will move higher as the forces holding down inflation dissipate further,” Fed Vice Chairman Stanley Fischer said in his prepared remarks. Bank of England Governor Mark Carney’s prepared remarks cited “the prospect of sustained momentum” in the economy and a gradual pickup in inflationary pressures. And European Central Bank Vice President Vítor Constâncio said that as long as Europe can succeed in gunning growth, “we can rely on a material effect to help bring the inflation rate closer to target.” Speaking in New York City on Aug. 28, Bank of Japan Governor Haruhiko Kuroda insisted that Japan could hit its 2 percent inflation target next year, even though the latest reading for its preferred measure of inflation was precisely zero.

READ MORE: Why America is NOT Normal – Dr. Ron Paul’s 8 facts prove how bad things really are

In the U.S., the Federal Open Market Committee is leaving open

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Ron Paul on the ‘War on Cash’: It’s a war on the poor and those with fixed incomes

From Ron Paul at The Ron Paul Institute for Peace and Prosperity:

Governments across the globe seek ways to more effectively consolidate their power over those they govern.

One of the most effective and insidious ways of gaining control of citizens and their habits is to forbid the use of cash in commercial transactions. Forcing all transactions to be electronic allows the government to know everything you purchase — and how much of it. It allows the government to better manipulate your spending habits through negative interest rates. It is also a war on the poor and those with fixed incomes. The war on cash is a war on liberty.

Today’s Ron Paul Liberty Report is joined by Mises Institute Academic Vice President Joseph Salerno, a well-known expert on the implications of the war on cash…

SEE ALSO: Dr. Ron Paul Describes Exactly What America’s Next Crisis Will Look Like

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Gold Price Drops to 1-Week Dollar Low as ECB Cuts Eurozone Inflation & Growth …

Adrian Ash runs the research desk at BullionVault, the physical gold and silver market for private investors online. Formerly head of editorial at London’s top publisher of private-investment advice, he was City correspondent for The Daily Reckoning from 2003 to 2008, and is now a regular contributor to many leading analysis sites including Forbes and a regular guest on BBC national and international radio and television news. Adrian’s views on the gold market have been sought by the Financial Times and Economist magazine in London; CNBC, Bloomberg and in New York; Germany’s Der Stern and FT Deutschland; Italy’s Il Sole 24 Ore, and many other respected finance publications.

See the full archive of Adrian Ash articles on GoldNews, or get more from Adrian Ash on Google+

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Sjuggerud: How to buy homes for 25% below market value

From Steve Sjuggerud, Editor, True Wealth:

What’s your top idea right now, Steve? What are you doing with your own money?”

The answer is simple: U.S. real estate.

Right now, I have a greater percentage of my net worth invested in the U.S. residential property market than in any other asset class – by far.

The opportunity is irresistible. But the problem has been getting a diversified portfolio of homes without borrowing a lot of money. Fortunately, I have the solution…

Today, I’ll show you how to buy houses for 25% below market value. And you won’t need to borrow any money to do it.

Even better, you won’t need to have any expertise in renovating houses or being a landlord… That’s taken care of for you. You’ll get paid rent (after expenses)… You’ll have no closing costs… You won’t need much money – you can get involved for a few hundred dollars… And you can sell in one day if you need to.

You’re not taking on much risk to do this either, as I’ll show. (It’s WAY less risky than just buying and renting houses by yourself.)

It’s a great deal… and the perfect way to invest in the housing market.

Let’s get started…

Right now is a crazy-perfect moment to own a rental home…

House prices had their greatest bust since the Great Depression. They became very cheap. Now they’re recovering. This is the sweet spot. Also, mortgage rates are around 4%… which is near record lows.

When you combine

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Bill Bonner: Why the feds hate cash

From Bill Bonner, Chairman, Bonner Partners:

September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared.

On Tuesday, the Dow lost 470 points – a nearly 3% drop. Bloomberg: 

U.S. stocks joined a worldwide selloff, after equities’ worst month in more than three years, amid continuing concerns that China’s slowdown will weigh on the global economy.

‘The problem is, as much as China is the catalyst for this, it’s also that we’re seeing weakness in fundamentals here,’ said Matt Maley, an equity strategist at Miller Tabak Co LLC in New York.

‘A lot of company earnings were hurt by China in the second quarter and it’s only gotten worse. People are losing confidence with the whole situation there breaking down, not just in the stock market but in data as well.’

Losing Confidence

Yes, investors are losing confidence…

They’re probably losing confidence in corporate managers, for instance.

Who wants to own stock in companies run by numskulls who buy back shares in their companies at record prices just before a major sell-off?

Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back?

Or maybe they’re beginning to puzzle out how scammy and fraudulent the Fed’s policies are.

But watch out! Reeling from the jabs of the last two weeks, expect a strong counterattack from the zombies and their allies.

Some Fed governor will come forth –

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