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Silver Market Updates

December 10: Gold and Silver End Slightly Lower

December 10, 2015
By SilverSeek

Gold chopped around near unchanged and ended with a loss of 0.09%. Silver slipped to as low as $14.106 and ended with a loss of 0.28%.

India and Gold

December 10, 2015
By SilverSeek

Indian citizens should be alert to what is going on behind the scenes, and western observers should follow this story carefully. The Indian government is on course to do what every government does to get its citizens' gold, by fair means initially and foul when fairness fails. Once their gold has gone into the government coffers, the Indian people will never ever see it again.

Silver Market Morning: Dec-10-2015

December 10, 2015
By SilverSeek

The New York gold price closed at $1,072.70 down from $1,074.60 on yesterday’s close. In Asia prices drifted slightly higher to $1,073.25 as the dollar weakened to 97.67 down from 98.40 on the dollar Index. The euro is at $1.0975 up from $1.0935 yesterday against the dollar. The London a.m. LBMA gold price was set at $1,072.00 down from $1,078.40, on Wednesday. In the euro the fixing was €979.00 down from yesterday’s $986.55. Ahead of New York’s opening, the gold price was trading at $1,075.30…

“There Is True Value” and “Bargains” In Silver and Gold – Silver Guru

December 09, 2015
By SilverSeek

“At this moment in time, that we are truly at a level that it is really only the ardent silver bulls and resource investors who truly understand where we are in the market. Not only are we skipping along the lows, perhaps we can go lower, but there is true value here – in all aspects – not only in the gold and silver but also in the natural resource sector as a whole with bargains all over the place”.

Silver Market Morning: Dec-8-2015

December 08, 2015
By SilverSeek

The New York gold price closed at $1,072.90 down from $1,085.20 on Monday, a fall of $12.30. In Asia prices drifted higher to $1,073.70 as the dollar strengthened slightly to 98.58 up from 98.42 on the dollar Index. The euro is at $1.0856 stronger than yesterday’s $1.0818 against the dollar. The London a.m. LBMA gold price was set at $1,071.75 down from $1,082.70 on Monday’s. In the euro the fixing was €986.79 down from Monday’s $1,000.65. Ahead of New York’s opening, the gold price was…

Silver Rocket Report 6 Dec, 2015

December 06, 2015
By SilverSeek

The prices of the metals moved mostly sideways this week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.) From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $1,087. Not surprisingly, the silver price rose a greater percentage, from $14.14 to $14.59.

The Fed’s in a bind

December 04, 2015
By SilverSeek

The idea that we can be so precise about interest rate levels is obviously nonsense. If the Fed increases the Fed Funds Rate even slightly, non-financial borrowers often end up paying a significantly higher rate that includes a larger interest rate spread. The spread between interbank and corporate borrowing rates becomes an important indicator of financial stress, and junk bonds are already signalling deteriorating borrowing conditions. Just the threat of higher interest rates could turn out…

Silver: We Need It!

December 03, 2015
By SilverSeek

The answer to many questions often depends upon perspective, whether the questions are; should I buy silver, is the S&P 500 expensive, is huge and unpayable debt a problem, is another World War a bad idea, will eating potato chips and candy bars actually damage my health, and are Republicrats as useless and corrupt as they appear?

Silver Market Morning: Nov-30-2015

November 30, 2015
By SilverSeek

The New York gold price closed at $1,058.60 on Friday. In Asia prices were pulled back to $1,056 as the dollar went stronger again this morning, taking the dollar to 100.23 up from 100.08 on the dollar index. The LBMA price setting fixed it at $1,055.65 down from $1,064.65 on Friday’s LBMA price setting. The dollar is at $1.0580 up from $1.0590 against the euro. In the euro the fixing was €998.44 down from Friday’s €1,005.43. Ahead of New York’s opening the gold price was trading at $1,056…

Silver Market Morning: Nov-27-2015

November 27, 2015
By SilverSeek

New York was closed yesterday. In Asia prices were pulled back to $1,068 as the dollar went stronger again, taking the dollar to 100.08 on the dollar index. The LBMA price setting fixed it at $1,064.65 down from 41,072.50 down $7.85 on yesterday’s LBMA price setting. The dollar is at $1.0590 up from $1.0615 against the euro. In the euro the fixing was €1,005.43 down from yesterday’s €1,008.81. Ahead of New York’s opening the gold price was trading at $1,073.00 and in the euro at €1,007.13.

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