• Gold: 1,249.95 1.16
  • Silver: 18.18 0.01
  • Euro: 1.058 0.000
  • USDX: 100.98 -0.3
  • Oil: 54.35 -0.03

Silver Market Morning: Dec 6 2016 - Gold and...

With the gold price differential continuing to drain liquidity from London to Shanghai and with the Chinese New Year on the horizon we are sensitized to the speed with which gold prices move against sales or no sales of physical gold from the U.S. based gold ETFS. When these sales fall off prices are now rising. If purchases come in we expect to see almost disproportionate rises as the lack of stock makes itself felt.

Silver Market Morning: Dec 5 2016 - Gold and...

Gold prices in Shanghai are $19 higher than New York’s close and $24 higher than London’s opening [allowing for the difference in the quality of gold priced in the different markets]. Many reports blame the restrictions on gold imports for the differential or on the restraints on exporting Yuan. If this is true, then the demand in China is extremely strong.

Market Report: Precious metals heavily oversold

Gold and silver traded modestly lower this week in the face of a strong dollar. The strains faced in currency markets are extreme, building up to a crisis, particularly for the euro. More on this below. Gold, as of morning trading in Europe, lost a further $13 over the week, and silver $0.14. The technical bears are out in force, making up stories forecasting the death of gold and silver, based on the following chart.

Silver Prices And Interest Rates

Many hyperinflations have occurred in the past 100 years. Example: Argentina has devalued against the U.S. dollar by 10 trillion to one since about 1950. The continued devaluation of the U. S. dollar, loss of reserve currency status, and coming massive “stimulus” spending could result in hyperinflation in the United States. Silver will reach incredible prices in such a disastrous situation. Few if any will be pleased with the consequences of hyperinflation, but owning silver will help mitigate the trauma.

Silver Market Morning: Nov-25-2016 -- Gold and...

We have pointed out to readers that there are two types of gold investors across the world. Those who use the gold price to try to make [currency] profits, which are then converted into one or another currency, see profit as the goal. Pork bellies would serve just as well if profits were better in that market. With Fund managers being made accountable on a month to month basis institution are measured on their profit making abilities. Markets are structured so that one can deal in a milli-second or in the future. The media is structured to have a similar profit-oriented way of reporting.

Silver Market Morning: Nov-23-2016 -- Gold and...

We are aware that central banks do not like to affect the gold price when buying and we are also aware that they are not keen to be predictable in their purchases. What is a practical ploy in buying is to not go to the market but to let the market come to them and just ‘accept the offer’ of gold from dealers when they are heavy with holdings. This does not affect the price but does remove available gold stocks from the market.

Louis Cammarosano: Interconnectedness of Silver...

American Silver Eagle sales have been suspended for the year according to the Authorized Purchasers of U.S. Mint products. Once again, as we have seen in the past, the U.S. Mint makes a dramatic change without warning. Where else have we recently seen a very dramatic change in policy without warning? India announced, without warning, the ban of the most widely used bank notes in the country – without warning. While these are very different scenarios they demonstrate the absolute control governments around the world hold over our money and our currency. Silver, while tatted as an industrial metal, has been money longer than any other form of money on planet earth. Silver was money long before gold was accepted and circulated as money.

Silver Market Morning: Nov-22-2016 -- Gold and...

The dollar is lower again, bouncing off the 101 dollar index area there. The dollar is the driver of U.S. prices allowing gold prices in other currencies to rise. While heavy selling continues from the gold ETFs in the U.S. New York will pull prices down. With London being the hub of the developed world’s physical gold market it will pull prices higher as the Chinese banks, via a typically structured ‘swap’ transaction, will arbitrage gold between Shanghai and London, where profitable.

Silver Market Morning: Nov-21-2016 -- Gold and...

Once again, allowing for the difference in the quality of gold priced in the different markets, Shanghai gold prices Fixed gold prices in the morning and the afternoon much higher that New York’s close in the ‘20s not below ‘10 pushing for pricing dominance once more. The dollar is lower and stable at the beginning of this week, but may well try to rise again. Once again it is the dollar’s strength that is making global market prices in currencies and precious metals alongside selling action in the gold ETFs.

Market Report: Bond rout undermines PMs

Gold and silver prices moved lower this week, while bond yields around the world rose sharply. There can be little doubt now that the bond bubble is deflating, inflicting enormous strains on portfolios, banks and even central banks which have initiated QE programmes. The gold price fell from $1228 at last Friday’s close to $1205 in early European trade this morning. On the same time-scale, silver fell from $17.37 to $16.61.