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Silver Market Updates

Silver Market Morning: Sep-9-2016 -- Gold and silver consolidating after sharp rise!

September 09, 2016

When it comes to measuring either the increase in Chinese gold reserves or the gold imports to China we must say that the information provided by the Chinese is only what they want us to know. With last month’s announcement of a 5 tonne increase in official gold reserves we read into it that they want all to know they are continuing to increase their reserves but not at a visibly aggressive rate. There are several ways they can increase their reserves but not take them onto their books, …

Silver Market Morning: Sep-8-2016 -- Gold and silver strengthening to attack resistance?

September 08, 2016

The P.B. of C. has taken steps to increase borrowing costs offshore in an attempt to halt the decline of the Yuan against the U.S. dollar. We are still over three weeks away from acceptance of the Yuan into one of the currencies of the SDR. The Chinese do not want any accusations of manipulating the Yuan lower ahead of this acceptance as one of the world’s ‘hard’ currencies.

Silver Market Morning: Sep-7-2016 -- Gold and silver break higher challenging overhead resistance!

September 07, 2016

With the re-opening of New York, yesterday, after a weekend in which they digested the disappointing Jobs report, it became clear that the hopes that had been raised of a rate hike this month were dashed by the report. The jump in prices, seen before the weekend, continued yesterday and caused a massive buy of 14 tonnes of gold into the SPDR gold ETF in the day.

David Morgan Urges Investors to Obtain REAL Money outside the Banking System Immediately

September 06, 2016

In any market, even in a non-manipulated market, which there is probably none. The stock market, bond market, metals markets, futures markets, options… just about everything out there is geared and leveraged and pretty much manipulated by the trading algorithms, and other means, but regardless of that, all markets move up and down. Nothing goes straight up or straight down, and so there are periods where there's profit-taking, there's periods where there's consolidation, that type of thing. So…

Silver Market Morning: Sep-6-2016 -- Gold and silver rising through $1,330!

September 06, 2016

With New York closed we saw London do nothing and then follow Shanghai this morning. With London being the center of physical demand and supply one would have expected London to lead the way, but is followed both New York and Shanghai. But we do need to see strong moves to see clearly which market holds pricing power. At the moment it is New York and has been for a long time. Gold itself wanted to drift higher, which should set the tone for New York today.

Silver Market Morning: Sep-5-2016 -- Gold and silver recovering above $1,320!

September 05, 2016

While New York is on holiday the jump in gold prices seen last Friday persists. The disappointing jobs report shook markets on Friday seemingly postponing a rate increase until the end of the year. Meanwhile the dollar continues to weaken against the major currencies, with the exception of the Japanese Yen.

Silver update…Stay Sober

September 04, 2016

Time to revisit the “play toy of the funds”, aka, silver. On Thursday of this past week, silver managed to claw its way back above its downtrending 10 day moving average, a positive sign. However, ahead of an often unpredictable payrolls report, most traders are not going to get aggressive preferring instead to wait for the report and the reaction before committing precious capital.

Silver Market Morning: Sep-2-2016 -- Gold and silver consolidating above $1,300!

September 02, 2016

This week alone has seen attempts on COMEX to crush the gold price with High Frequency Trading dumping $1.5 billion worth of Futures contracts onto the market. The day before yesterday and yesterday saw over 17 tonnes of gold dropped into the physical market [which should feed through to London] and yet the gold price in the last day has bounced off $1,306.

Silver Market Morning: Aug-31-2016 -- Gold and silver slipping but sitting on strong support above $1,300!

August 31, 2016

Shanghai was stronger than New York yesterday, then London walked the middle road opening at $1,313. The dollar is again strong today, but the Yuan was slightly stronger still. We are aware of the care with which the People’s Bank of China is handling the exchange rate so as to not appear to be purposely devaluing against the dollar, with only a month to go before the Yuan is home and dry as part of the S.D.R.

Silver Market Morning: Aug-30-2016 -- Gold and silver sitting on strong support above $1,300!

August 30, 2016

The silver price is moving higher at $18.70 at London’s opening and is doing so while gold’s moves looked like they may continue to go down. Once again we are seeing greater vigor in the silver price on the upside just as it demonstrated vigor when falling down from over $20. The fundamentals of gold are weighed in favor of an upside move back to that level, so now we wait to see what New York will do with the silver price.

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