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Silver Market Updates

Silver Market Morning: Sep-16-2016 --Gold and silver drifting lower!

September 16, 2016
By SilverSeek

The gold price is drifting assisted by a steady stream of selling from the SPDR gold ETF in the last week. These sales do seem to be aiming at lowering prices. It is a great opportunity for bears insofar as a short position taken on COMEX of a larger size than the physical sales ensures profits on the falls. This is what’s happening now. But the drifting nature of the gold price could be turned back just as fast buy a large buy order.

Silver Market Morning: Sep-15-2016 --Gold and silver waiting for news!

September 15, 2016
By SilverSeek

With Shanghai on holiday today and another holiday coming in the next few days London and New York are making the prices of gold and silver. Gold in London is drifting alongside the Technical picture. The Technical picture is negative but with such strong support below current levels and below $1,300, we are doubtful that it will have more influence than it currently has in a market that is ‘drifting’.

Silver Market Morning: Sep-14-2016 --Gold and silver looking for direction still!

September 14, 2016
By SilverSeek

Shanghai went $7 higher than New York but London pulled it back but not far. This is the second day that we have seen pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question. Exchange rates appear to have a key influence on prices at the moment.

September 13: Gold and Silver Fall With Stocks, Bonds, and Oil

September 13, 2016
By SilverSeek

Gold gained $5.02 to $1332.02 in Asia, but it then fell back off in New York and ended near its late session low of $1315.66 with a loss of 0.68%. Silver slipped to as low as $18.792 and ended with a loss of 1.36%.

Silver Market Morning: Sep-13-2016 --Gold and silver looking for direction!

September 13, 2016
By SilverSeek

Shanghai went $6 higher than New York and London followed this price at the opening before pulling back to New York’s close at the LBMA price setting. We are watching to see if this is the start of pricing in Shanghai separating itself from New York. London’s pricing seems to respect Shanghai and could be asking the same question.

Silver Measures Wealth While Gold Stocks Increase It

September 12, 2016
By SilverSeek

Given the likelihood that silver will become the new (old) standard by which wealth is measured, the risk of becoming poorer (in silver ounces) is greatly increased. Earning income, from a business or employment remain of the best ways to continue increasing one’s silver ounces, but to maintain one’s real income levels (in terms of silver ounces) increasingly higher income (in terms of other measures) will be required.

Silver Returns Earthward

September 12, 2016
By SilverSeek

The prices of both metals were down this holiday-shortened (Labor Day in the US) week, especially on Friday. The decline corresponded to a spike in interest rates. Of course everyone watched the action of the stock market on Friday. Whatever the proximate cause, the root is credit. When borrowing to buy assets does not work, then selling assets to repay debt is required. It could be companies who bought their own shares, it could be European banks. It could be leveraged investors speculators in…

Silver Market Morning: Sep-12-2016 --Gold and silver consolidating after sharp rise!

September 12, 2016
By SilverSeek

Shanghai has always been keen to go higher than London and New York. This is not because there is a shortage of gold, waiting for imports using premiums to attract it to the country. China’s supply from outside describes its huge appetite, which is continuing. Shanghai continues to try to keep its prices in line with other global gold market.

Real and Artificial Threats Create Uncertainty in the Markets

September 09, 2016
By SilverSeek

The threat to the markets that the FED is currently posing is complete and utter nonsense. It is MOPE. What we have is a voting member of the Boston FED, Eric Rosengren, who stated that the FED is facing significant risks if it waits to long to raise interest rates. He believes that the FED needs to act and gradually start raising rates. ALTHOUGH, it is unlikely that the FED would raise rates too fast, he then went on to explain.

The impoverishment of the masses

September 09, 2016
By SilverSeek

Beyond basic subsistence, serfs and slaves were not enabled to consume other goods, nor were they given the means to do so. Communism was hawked as handing power to the serfs, or workers, united in and by the state. But again, it meant that workers remained serfs, employed and commanded by a state set up in their name. Freedom from the bourgeoisie became subjugation by the state. Only capitalism, founded on free markets and freedom of choice for all, held the promise of freeing the masses from…

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