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Silver Market Updates

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.

The Deepening Fraud of Comex Silver

July 06, 2016
By SilverSeek

While it's clear that The Banks on The Comex are desperately feeding new paper contracts to The Specs in an effort to contain/restrain the gold price, at least there has been a coincident rise in the physical collateral backing the paper contracts. In silver, where the situation is equally tenuous, The Banks are issuing new paper contracts without conjuring up any additional physical collateral. The Banks are simply adding additional leverage to an already-teetering system and, in doing so,…

Commodities: Silver Skyrockets Post-Brexit, Energy is Back!

July 05, 2016
By SilverSeek

While commodity performance in Q1 was promising, it was mainly precious metals and zinc that buoyed everything else. Energy and base metals were relatively flat on the quarter, with uranium and natural gas having the biggest declines. However, the game changed considerably in Q2. We now live in a post-Brexit world, where the real risk of further contagion in Europe is prompting investors to seek insurance policies. Silver is hovering near the $20 mark, which makes it the best performing…

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