You are here
Silver rally stops TD Securities out of tactical short
By Neils Christensen
Kitco News, Montreal
Friday, December 2, 2022
After a dismal summer, the silver market appears to be making up for last ground as prices end the week at their highest level since June.
March silver futures have rallied more than 9% this past week, last trading at $23.40 an ounce. Silver is seeing its best weekly performance since August 2020. The week also caps silver's 22% gain since November.
... Dispatch continues below ...
... ADVERTISEMENT ...
Dolly Varden Silver Intersects 27.44 g/t Gold
and 463 g/t Silver over 9.16 Meters
Company Announcement
Tuesday, November 29, 2022
VANCOUVER, British Columbia, Canada -- Dolly Varden Silver Corp. (TSXV: DV , OTC: DOLLF) is pleased to announce drill results from the 100%-owned Homestake Ridge property in British Columbia's Golden Triangle. The objective of drilling during 2022 at the Homestake Main and Homestake Silver deposits was to expand multiple, subparallel mineralized zones and to upgrade inferred resources. ...
“Our 2022 drill program has truly been exceptional," Dolly Varden President and CEO Shawn Khunkhun said. "The recently acquired Homestake Ridge Deposit has delivered more high-grade gold and silver values, commonly with strong copper mineralization. These intercepts demonstrate strong continuity of mineralization over wide intervals, similar to the recently announced high-grade results at the Wolf and Kitsol deposits, located 6 kilometers to the south.
"We eagerly anticipate additional assays from all of Dolly Varden's deposits, as well as new exploration targets drilled during the 2022 program.” ...
... For the remainder of the announcement:
https://dollyvardensilver.com/
TD Securities announced Thursday that it was stopped out of its tactical short silver position. The bank said it is booking a 14% loss after "an epic positioning squeeze contributed to a +25% rally from the October lows."
TD Securities was short silver as it expected that rising U.S. interest rates combined with the growing threat of a recession would significantly weigh on the precious metal. ...
... For the remainder of the report:
https://www.kitco.com/news/2022-12-02/Silver-rally-stops-TD-Securities-out-of-tactical-short.html
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
