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Silver Market Updates

Silver Market Morning: Nov-5-2015

November 05, 2015
By SilverSeek

New York closed at $1,107.50 down $10.20 on Wednesday. In Asia it rose to $1,110.00 before London opened. The LBMA price setting fixed it at $1,107.30 down from $1,118.00 yesterday. The dollar Index was stronger yesterday and rose to 97.94 up from 97.36 at the close of New York. The dollar was stronger at $1.0861 up from $1.0931 against the euro. In the euro the fixing was €1,019.71 down from €1,023.25. At New York’s opening gold was trading in the euro at €1,021.56 and at $1,111.15.

Silver Market Morning: Nov-4-2015

November 04, 2015
By SilverSeek

New York closed at $1,117.70 down $16.60 on Tuesday. In Asia it rose to $1,120.00 before London opened. The LBMA price setting fixed it at $1,118.00 down from $1,130.90 yesterday. The dollar Index was stronger yesterday and rose to 97.36 at the close of New York up from 96.86 yesterday. The dollar was slightly stronger at $1.0931 up from $1.1017 up against the euro. In the euro the fixing was €1,023.25 down from €1,029.789. At New York’s opening gold was trading in the euro at €1,023.19 and…

Silver Stocks Look Spectacular

November 03, 2015
By SilverSeek

About a week ago, as gold rallied into the $1170 – $1190 area, the roadmap I laid out for gold was “first a scary drop, and then an upside pop”. For an updated roadmap for the gold price, please click here now. That’s the daily gold chart. I suggested gold would quickly decline to the $1130 apex area of a beautiful symmetrical triangle, and that’s exactly what has happened. Gold is trading at about $1131 this morning.

Is Martin Armstrong Both Right and Wrong About Gold & Silver Manipulation?

November 02, 2015
By SilverSeek

Martin Armstrong came out with ANOTHER slam on the gold and silver market manipulation crowd...and I am one of the LOUDEST so I tend to take it personally. His assertion that the "Metal Conspiracy Gang" does a disservice to the metals investor community by pointing out the manipulation assumes that investors are better off NOT KNOWING what is going on. Not knowing that at any moment the manipulators can click a mouse and place the price of electronic silver at $1M/oz or $0/oz and then shut down…

Silver Market Morning: Nov-2-2015

November 02, 2015
By SilverSeek

New York closed at $1,141.50 on Friday down from $1,145.80 on Thursday. It held that level in Asia before London opened. The LBMA price setting fixed it at $1,135.80 down from $1,147.75 on Friday. The dollar Index has risen and now stands at 96.80 down from 97.11 on Friday. The dollar was weakening this morning as London opened, trading against the euro at $1.1025 down from $1.0993. In the euro the fixing was €1,030.20 down from €1,041.75. At New York’s opening gold was trading in the euro at…

Pan American Silver and Leveraging Silver

October 30, 2015
By SilverSeek

As we consider whether the silver bull has restarted and its consequences for mining stocks, it is salutary to examine how leveraging silver via mining stocks can be a hit or miss. This is best shown in one of the most favoured silver mining stocks, Pan American Silver. The first chart shows the company’s performance over the last twenty years with the silver price overlaid in green.

Silver Market Morning: October-30-2015

October 30, 2015
By SilverSeek

New York closed at $1,145.80 down from $1,156.80 at the close on Thursday but then rose to $1,150 in Asia overnight. The LBMA price setting fixed it at $1,147.75 down from $1,159.00. The dollar Index has risen and now stands at 97.11 down from 97.37. The dollar was weakening this morning as London opened, trading against the euro at $1.0993 down from $1.0931. In the euro the fixing was €1,041.75 down from €1,156.52. At New York’s opening gold was trading in the euro at €1,041.35 and at $1,147…

Silver Market Morning: October-29-2015

October 29, 2015
By SilverSeek

New York closed at $1,156.80 at the close on Wednesday but then rose to $1,162 in Asia overnight. London then lowered it back to $1,159.60. The LBMA price setting fixed it at $1,159.00. The dollar Index has risen and now stands at 97.37 and remains well below its peak of over 100. The dollar was trading against the euro at $1.0931 reflecting the dollar’s strength. In the euro the fixing was €1,056.52. At New York’s opening gold was trading in the euro at €1,056.75 and at $1,156.70.

GoldSeek Nugget: John Embry and Chris Waltzek

October 28, 2015
By SilverSeek

GoldSeek Radio's Chris Waltzek talks to John Embry, Chief Investment Strategist at Sprott Asset Management.

Another Government Ponzi Scheme Starts to Crack - Do You Depend on It?

October 23, 2015
By SilverSeek

As long as the government spends money, it will find some way to make you pay for it - either through direct taxation, money printing, or debt (which represents deferred taxation/money printing). It’s as simple as that. Like most other governments that get into financial trouble, I think they’ll opt for the easy option…money printing.

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