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Silver Market Updates

Silver Market Morning: July-15-2016 -- Gold and silver prices marked down, digesting the Bank of England’s inaction!

July 15, 2016
By SilverSeek

The Chinese gold market followed New York yesterday as the Yuan picked up slightly over yesterday’s exchange rate. All global markets were surprised by the Bank of England’s inaction, despite the indication that if the U.K. economy slowed down between now and August, easing action would be taken. This left the markets in the same position as the Bank of England, waiting for post-Brexit data.

This Confirms the Continuation of Silver’s Rally

July 14, 2016
By SilverSeek

The existence of this pattern, and its recent breakout confirm that the December 2015 bottom in silver is actually the bottom for the correction since 2011. This is a precious gift, if you were still unsure whether to get into silver or not. This was also confirmed by the fact that the USD/ZAR made a significant top very close to the December 2015 silver bottom USD/ZAR (a USD/ZAR top is a good signal to confirm a silver bottom).

Silver Market Morning: July-14-2016 -- Gold and silver prices marked down, waiting for the Bank of England today!

July 14, 2016
By SilverSeek

The Chinese gold market was not convinced by the fall in New York and lifted the gold price, reflecting internal Chinese demand. After the close and ahead of London’s opening the gold price was ‘marked down’ pretty heavily and after the LBMA price setting was trading at $1,326.65. No doubt, if Shanghai prices remain higher, its banks in London will move physical gold from their London bases to Shanghai to arbitrage prices and shift more bullion into China.

“We Are On the Cusp of an Explosion in the Silver Price” – John Embry

July 14, 2016
By SilverSeek

Not everybody is believing the positive spin being put on recent financial market data. In fact some would go as far as to say that it is “propaganda” being spread in the mainstream media in an election year for the US. At least that is what John Embry concluded in a recent interview.

Silver Market Morning: July-13-2016 -- Gold and silver prices marked down, still waiting for the Bank of England!

July 13, 2016
By SilverSeek

The Chinese gold market followed New York down, but then turned it up at China’s morning Fix taking it higher during their day to set the pace for London’s morning. The attempt to break the gold price down in New York with the very large physical gold sale worked to some extent, but Shanghai then ignored the sale as demand came in at the lower prices. Certainly, Shanghai took the reins in the last day against the will of New York. We will watch today to see who exerts dominant pricing power?

Silver Market Morning: July-12-2016 -- Gold and silver prices waiting for the Bank of England!

July 12, 2016
By SilverSeek

Ahead of the opening in New York the gold price stood at $1,347.65 and in the euro at €1,214.21. London is trying to establish a pattern of lower prices ahead of New York when it feels physical buying may not appear in New York and in particular the gold ETFs. The moment physical interest is shown in the ETFs the gold price is lifted.

Repeat Of 70s Pattern Shows That A $675 Silver Price Is Realistic

July 11, 2016
By SilverSeek

In my previous silver article, I highlighted a very bullish pattern/fractal on the 100-year silver chart. It was a very big picture view of silver, which is really difficult to perceive within our current reality. However, at some point in time, it will catch up with our current reality. This will likely happen when the monetary system collapses.

Silver COT update

July 10, 2016
By SilverSeek

The problem we have in these computer-driven markets is that those machines know nothing of finesse like we long-time traders once practiced. They are either ALL-IN or ALL-OUT. Once any technical chart level gets tripped, the machines start firing off their buy or sell orders and the rest is then automatic. The larger this hedge fund long position gets, the larger the potential for a severe burst of selling becomes as the computers start closing out (liquidating) those longs IF A CHART SUPPORT…

Silver Market Morning: July-08-2016 -- Gold and silver prices consolidating before moving higher!

July 08, 2016
By SilverSeek

Whenever you get that feeling that the way higher is free of obstacles, profit taking usually kicks in or a simple pause or consolidation comes in. That’s what’s happening now. While we have not seen any physical gold sales out of the gold ETFs we follow until now, the appearance of one dampens euphoria. Today, is an expression of that.

How High Is "Sky-High" Silver?

July 06, 2016
By SilverSeek

Now that the precious metals’ five year cyclical bear market is acting like it's been replaced by a vibrant bull run in the opposite direction (up!), many analysts who chided the ongoing rise in the mining stocks and metals that started in December 2015 are begrudgingly changing their "outlook" so they don't get left behind.

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