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Silver Market Updates

How GDP conceals inflation

August 26, 2016
By SilverSeek

GDP statistics only capture an incomplete snapshot of the economy at one moment in time. Since the economy is continually evolving, that snapshot is immediately out of date, and therefore unfit for the purpose of economic planning. Furthermore, being an incomplete picture of the total economy, GDP badly misleads policy-makers on the subject of price inflation.

Silver Market Morning: Aug-26-2016 -- Gold and silver trying to rise from very low levels!

August 26, 2016
By SilverSeek

The gold price, we feel is now forming an attractive short term pattern that should be positive for gold. The gold price fall was an ‘engineered fall’ that did not represent the physical state of the market. Here we are in the last week of August, ahead of the ‘gold season’. This is one of the last weeks when the gold ‘bears’ could do this. Before the fall the Technical picture moved to a point where a strong move was possible either way. This was, with hindsight an invitation to them to do…

Silver Market Morning: Aug-25-2016 -- Gold and silver prices fall to support!

August 25, 2016
By SilverSeek

Shanghai lifted prices slightly in both the morning and afternoon fixes. But they did allow the U.S. prices to guide them. While Shanghai can lead gold prices we feel that at least until October 1st they will take a low profile by remaining roughly in synch with western gold markets. Perhaps the fall in gold prices was a dealer-led pull back ahead of Janet Yellen’s Friday speech. This discounts an announcement that a rate hike will happen very soon. If she does not imply that, then we see the…

Silver Market Morning: Aug-24-2016 -- Gold and silver prices in a tight trading range!

August 24, 2016
By SilverSeek

Once again, overall, all global gold markets, together with global currencies seem to be moving sideways today with an emphasis on a slightly stronger dollar. But this strength is small. So we have gold prices in the dollar falling and those in the euro rising. Friday’s Jackson Hole comments by Mrs. Yellen of the Fed are the focal point of the week with markets finely measuring the emphasis she puts on her words, looking for the smallest sign of what the Fed is going to do and when.

Silver Market Morning: Aug-23-2016 -- Gold and silver prices being moved on exchange rates only

August 23, 2016
By SilverSeek

The market in gold remains sensitive to exchange rate moves and to purchases and sales in the gold ETFs There is little else of substance to move these prices currently. Janet Yellen is due to speak today, but is expected to remain dovish on rate hikes. Hence the better tone in the gold market. China has been given the OK to issue an S.D.R. bond, purchasable in Renminbi only, by the World Bank. This new bond issuance is 2 billion SDRs which is equivalent to $2.8 billion.

Silver Analysis

August 20, 2016
By SilverSeek

As I have been noting of late, both gold and silver have been trapped in sideways trading patterns for some time now, meaning that there really has not been a whole lot worth saying about the price action in either metal. That MIGHT POSSIBLY be changing in regards to silver. The reason is simple – price is down at the very bottom of the sideways trading range that has been intact for nearly seven weeks.

Market Report: Rothschild buys gold

August 19, 2016
By SilverSeek

The gold price rose $11 from last Friday’s close to trade at $1347 early in European trade this morning, while silver declined 14 cents over the same period to $19.57. Volumes on Comex have dropped off noticeably this month, consistent with the holiday season. However, these are the conditions which favour the bullion banks, allowing them to take over pricing control. When the speculators are on holiday, prices can be marked down unchallenged, allowing the bullion banks to close down their…

Silver Market Morning: Aug-19-2016 -- Gold and silver prices being moved on exchange rates only

August 19, 2016
By SilverSeek

It was a rapidly weakening Yuan exchange rate against the dollar that was responsible for dollar gold prices to fall. The combination of the Yuan price of gold and the move in the Yuan exchange rate affecting dollar gold prices this way, is just what the Shanghai Gold Exchange wanted. When they established the Fix an accompanying statement made it clear that it was not just to give SGE gold prices but to promote the use of the Yuan in such dealings. Here it is!

What Surging Mining Stocks Mean for Metals Markets

August 18, 2016
By SilverSeek

Gold and silver mining stocks have embarked on a rally this year that could prove to be one for the record books. The leading exchange traded fund for the sector, VanEck Vectors Gold Miners (NYSE:GDX), shows an incredible 125% year-to-date gain. That far out-surpasses the 27% and 44% advances of gold and silver spot prices, respectively. What does the mining stock run-up suggest about the fundamentals for the actual mined product, physical gold and silver?

Silver Market Morning: Aug-18-2016 -- Gold and silver prices pushing resistance!

August 18, 2016
By SilverSeek

The Fed Minutes described a split in the FOMC, but where the ‘hawks’ sat was on the non-voting side and the ‘doves’, led by Janet Yellen, sat on the voting side. The factors affecting the ‘doves’ were global influences as well as productivity, alongside wages. We can see that while the U.S. economy appears solid, the growth is low and not accompanied by a ‘healthy’ level of inflation. Hence the market views a rate hike in September with only a 21% likelihood and a hike early next year at a 50%…

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