• Gold: 1,257.37 0.10
  • Silver: 17.16 -0.03
  • Euro: 1.122 0.001
  • USDX: 97.238 -0.113
  • Oil: 51.24 -0.23

Silver Market Morning: May 10 2017 - Gold still...

Today is one of those days when we can see just where pricing power lies. New York has tried to pull prices back well below support, hitting $1,216 at one point. Shanghai took prices higher today in their consolidation process, but London moved in line with New York last night. How New York and London perform today becomes critical. If Shanghai falls, then pricing power sits in London and New York, today.

Will Gold or Silver Pay the Higher Interest Rate?

Today, gold can be moved anywhere in the world in days. The entire globe is effectively the trading region for gold. This means that gold is not subject to local gluts or shortages. Gold supply and demand are quickly smoothed out over the entire world. This helps makes gold the most liquid commodity.

Silver Market Morning: May 09 2017 - Gold...

As we have mentioned many times in the past, the falling volatility of the gold market must be attributed to the arrival of Shanghai as one of the three important gold markets. Its move to make speculation costly at the beginning of the year, has flowed through to London, but particularly New York. Arbitrageurs smooth out the price differences between the centers, but even traders can do this.

Silver Investment Case Remains Extremely...

Are we near a turning point in silver’s relentless decline? Avert your eyes – this is one ugly silver chart Gold silver ratio at 75 shows real value of silver Mining CEO explains why silver could reach $136.67 Buy silver low, sell high

Silver Market Morning: May 08 2017 - Gold...

The Macron victory implies that the E.U. will hold together in the future and that the euro will not collapse. While Italy remains uncertain on the subject, it is not enough to curb the optimism that pervades markets this morning. What is uncertain is the ability of the President, without a political party behind him, to govern effectively. Will he try to rule by government decree? We will have to wait until mid-June and the Parliamentary elections to see if he can establish a majority and govern, or if he will simply become a figurehead.

Market Report: China unwinds WMPs

Informed sources in China say that the authorities are deliberately forcing wealth management products to unwind their long commodity positions. These WMPs, as they are commonly known, are speculative investment vehicles that promise attractive returns to private investors, and collectively amount to a financial bubble. There are two reasons why the government has intervened. The massive expansion of bank credit in recent years causes excessive speculation that cannot be allowed to get out of hand. Furthermore, WMPs were pushing up the prices of the commodities being accumulated by the government as part of its economic plan.

Silver Market Morning: May 05 2017 - Gold may...

Within the hour of the gold price setting on London the price was marked down $6. We find it difficult to accept that the gold price setting was out of line with the market, rather the market was bracing itself for more selling in the U.S. Ahead of the opening of New York the gold price was trading at $1,232.40 and in the euro at €1,124.66. At the same time, the silver price was trading at $16.36.

Silver Market Morning: May 04 2017 - Gold falls...

The Fed remains positive on U.S. growth despite the slowdown in the first quarter. The indications are that the joblessness rate is now at maximum employment and the inflation rate getting close to the targeted 2%. This allows the Fed to continue discussions on shrinking the Fed’s Balance Sheet and leaving the door open for a June rate hike. The market saw this as negative for gold which has fallen heavily in the last day.

Silver Market Morning: May 03 2017 - Gold...

As we pointed out in the piece on Swiss gold exports demand from Asia remains very strong indeed. The refineries in Switzerland have been working 24 hours a day and 6 days a week to convert gold into metric measurement bars. This has gone on for many years now and is set to continue for the foreseeable future. It is quite remarkable that the developed gold world is quiet on the subject because it is only a matter of time before the western gold markets becomes secondary markets to Shanghai.

Silver Bullion On Sale After 10.6% Fall In Two...

Precious metals continue to weaken, especially silver which has declined eleven consecutive days and is now down over 10.6%. The sell off is again almost solely a result of futures market participants pushing or manipulating prices lower – depending on your view – despite no bearish silver or wider market developments or news that could be construed as bearish for silver.