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Silver Market Updates

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

November 02, 2015

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

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

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

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

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

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

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.

Decline of the dollar – the consequences

October 23, 2015

There are signs that the US dollar, instead of consolidating the sharp rise that peaked last March, might be reversing its previously rising trend.

Silver Market Morning: October-22-2015

October 22, 2015

New York was trading at $1,171.70 on Thursday after closing at $1,170.20 on Monday. The LBMA price setting fixed it at $1,166.40. The dollar Index has risen and now stands at 95.92 against 94.61 last Friday and the dollar was trading against the euro at $1.1182 up from against last Friday’s $1.1354. In the euro the fixing was €1,043.10 up from €1,035 last Friday. At New York’s opening gold was trading in the euro at €1,046.45 and at $1,169.35.

Silver Short Term Update

A short update on the silver situation is shown in the daily price chart below. After a short ride along the upper portion of our Bollinger Band setup, silver has come off it to approach its 20 day moving average. Trends tend to follow the channel formed by the upper or lower bands and the middle moving average. However, when there is price volatility during times of change between long term bull and bear markets, trading decisions need to be more carefully considered.

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