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Silver Market Updates

Silver Market Morning: Jan-6-2016

January 06, 2016
By SilverSeek

The New York gold price closed Monday at $1.078.50. In Asia it held there but in London it broke higher to see the LBMA price set at $1,083.85 up from yesterday’s $1,078.00 with the dollar index higher at 99.42 up from 98.94 yesterday. The euro was at $1.0741 down from $1.0902 against the dollar. The gold price in the euro was set at €1,009.03 up from €1,001.86 as the euro continued weakening. Ahead of New York’s opening, the gold price was trading at $1,086.25 and in the euro at €1,011.08.

Silver Rides a Runaway Expense Train

January 05, 2016
By SilverSeek

The US government will spend nearly $4 Trillion this fiscal year – starting last October 1. Of course it projects a massive deficit, increasing national debt, uses “funny” accounting, and does not address unfunded liabilities. Business as usual… Examine the last 100 years of US government expenditures and national debt – on a log scale in $ millions. Note that official government expenses have increased from about $750 million to about $4 Trillion, an increase by a factor of over 5,000.

Silver Market Morning: Jan-4-2016

January 04, 2016
By SilverSeek

The New York gold price closed Wednesday at $1,060.10 at the end of last year. In Asia and London, prices have rebounded to $1,069.5 with the dollar index slightly higher at 98.41 up from 98.28 at the end of 2015. The LBMA gold price setting was set at $1,072.70 up from $1,062.25 last year. The euro was barely changed at $1.0902 up from $1.0922 last year against the dollar. The gold price in the euro was set at €983.95 up from €977.48. Ahead of New York’s opening, the gold price was trading at…

Silver Market Morning: Dec-30-2015

December 30, 2015
By SilverSeek

The New York gold price closed Tuesday at $1,068.10 down from $1,071.70. In Asia and London, prices were at $1,071.25 with the dollar index slightly higher at 98.18 up from 98.02. The LBMA gold price setting was set at $1,067.80. The euro slipped slightly to $1.0925 down from $1.0969 on Tuesday against the dollar. The gold price in the euro was set at €977.48. Ahead of New York’s opening, the gold price was trading at $1,067.35 and in the euro at €976.89.

Silver To Lead Gold In 2016

December 29, 2015
By SilverSeek

Some investors may be wondering whether they should own silver bullion or the silver mining stocks. I suggest owning both assets. If Indians are buying over 7000 tons a year, Western investors should buy some too. With the launch of the WSC (World Silver Council), silver mining companies may have a new friend. 2016 will be a great year for gold, and an even better one for silver!

Silver Market Morning: Dec-29-2015

December 29, 2015
By SilverSeek

The New York gold price closed Monday at $1,071.70 down from $1,072.50. In Asia and London, prices held at $1,071.35 with the dollar index almost unchanged at 98.02 up from 97.99. The euro slipped slightly to $1.0969 down from $1.0983 on Monday against the dollar. Ahead of New York’s opening, the gold price was trading at $1,069.75 and in the euro at €975.38.

Gold and Silver or Meth and Madness

December 28, 2015
By SilverSeek

Okay, I admit, we all know that QE, fiat paper currencies, and central banks aren’t going away, so we should protect our purchasing power with physical gold and silver, preferably securely stored outside the banking system.

Silver Market Morning: Dec-28-2015

December 28, 2015
By SilverSeek

The New York gold price closed Thursday at $1,076.70 up from $1,072.50 up$4.20. In Asia, prices fell to $1,072.00 but London took it down to $1,071.35 with the dollar index falling to 97.99 down from 98.26. The euro rose to $1.0983 up from $1.0938 on Thursday against the dollar. Ahead of New York’s opening, the gold price was trading at $1,071.70 and in the euro at €977.52.

Silver Market Morning: Dec-23-2015

December 23, 2015
By SilverSeek

The New York gold price closed Monday at $1,072.50 down from $1,078.20 down $5.70 on the day. In Asia, prices lifted to $1,074.00 but London taking it down to $1,072 with the dollar index falling slightly to 98.26 down from 98.70. The euro rose to $1.0938 up from $1.0869 on Tuesday against the dollar. The London a.m. LBMA gold price was set at $1,071.50 down from $1,077.00 Tuesday. The euro fixing was €980.78 down from Tuesday’s €984.64. Ahead of New York’s opening, the gold price was trading…

Market Tops and Bottoms in Gold and Silver

December 22, 2015
By SilverSeek

Based on 48 years of historical data, We believe this indicator is useful in determining silver and gold tops. However, the next major top in silver seems a long way off, but at the other business end of the chart, we see that the indicator is at a low which has only been seen twice before in 1972 and 1984. One of these triggered before the greatest silver bull market ever and the other triggered at the other side of it as silver was obliterated during the disinflation of the 1980s.

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