• Gold: 1,246.19 -3.99
  • Silver: 16.81 -0.01
  • Euro: 1.140 0.002
  • USDX: 95.851 -0.159
  • Oil: 45.12 0.23

Market Report: French election prompts correction

Gold and silver were sold down in the futures market this week, after the first round of the French presidential election last Sunday. We are led to believe the hedge funds were bullish of precious metals because Marine Le Pen had a good chance of becoming president in the second round.

Silver Market Morning: April 28 2017 - Gold is...

Shanghai’s gold prices slipped slightly again today, but the discounts of New York and London are narrowing slightly too. But in London and New York, dollar prices are consolidating in a narrowing band implying that we are moving to a point of resolution, after which we expect a strong move either way.

Silver price manipulation, is regulation putting...

New regulations in 2018 have spooked bullion banks and silver fix operators Lack of liquidity in silver fix auction has lead to high volatility in the market Silver benchmark has strayed from spot price multiple times since 2016 No new silver benchmark operator lined up to take over in the Autumn No smoke without fire as actions point to silver price manipulation Silver remains suppressed and at a low price for investors stocking up

Silver Market Morning: April 27 2017 - Gold...

The big event in the U.S. was the publication of the new U.S. Tax Code proposed by the Trump administration. While it was in line with his election promises, it has a long way to go before it is law. The market barely reacted to the event. There are doubts as to whether it will pay for itself as it relies on creating growth to generate additional income on which a similar amount of tax revenue will be achieved as is achieved today. Trump’s target is to also create ‘millions of jobs’ through such measures.

Silver Market Morning: April 26 2017 - Gold is...

President Trump is due to announce the changes in Tax rates he proposes, today. But these will not be implemented for some months still. Meanwhile his policy progress is being interfered with once again as the government’s funding appears to be back on the table as a negotiating tool, this weekend. Will we see a government shutdown?

Silver: Money of the People

Over the past few weeks a number of new silver coins have come online and I wanted to bring them to your attention. If you recall at the end of 2016 I wrote several articles about the more “collectible” silver coins that are available to anyone that is willing to take a chance on some really beautiful coins. The one coin that stands out from the earlier series is the America the Beautiful “Hawaii Volcanos” coin. It now commands a massive premium to spot and people are more than willing to pay it. What will be the next coin to find itself in this same position?

Silver Price Management

If the entire world only produces 880,000,000 ounces of silver per year...and if 75% of that silver is consumed through the production of cell phones, solar panels and other items...then how do The Banks manage price off of the remaining 220,000,000 ounces? The answer: Alchemy.

Silver Market Morning: April 25 2017 - Battling...

The policy of the PBoC against speculation has now been extended to the equity markets. The application of this new policy caused the Shanghai equity market to fall back heavily. But once it has found its new non-leveraged floor it will be far more stable. As you can see the PBoC is not tolerating speculative pressures on the financial markets, unlike the developed world. The main speculators in the west are the banks, but in China these institutions are firmly under the control of the central bank.

Silver’s… Comeback and Other Important Signals

The most prominent action in the precious metals market that we saw last week, took place in silver – the white metal closed the week below the important long-term support/resistance line, thus invalidating the previous breakout. However, there’s more to the precious metals market than just the action in silver. In today’s free gold analysis, we discuss both the developments in silver and other factors.

Silver Market Morning: April 24 2017 - Battling...

The Shanghai Gold Exchange was trading at 285.00 towards the close today. This translates into $1,282.23. New York closed at a $3.67 premium to Shanghai’s Friday close. London opened at a discount of $11.03 after hearing the results of the French elections. As you can see Shanghai has been remarkably stable over the last few days as the international scene has produced a lot of action.