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Silver Market Updates

Silver Market Morning

July 28, 2015
By SilverSeek

On Monday New York closed at $1,094 down $6. The dollar was almost unchanged at $1.1062, with the dollar Index slightly higher at 96.77 from 96.72. This morning the LBMA gold price was set at $1,095.60. The euro equivalent was €990.60 down from €992.50 yesterday. Ahead of New York’s opening, gold was trading in London at $1,092.60 and in the euro at €990.57.

Silver Market Morning

July 27, 2015
By SilverSeek

On Thursday New York closed at $1,088.70 down $5.20 as the bear raid continued. On Friday the gold price slipped to $1,084 ahead of London’s opening. The dollar was a tad stronger at $1.1069 Monday morning down from $1.096 on Thursday, against the euro, with the dollar Index down at 96.72 down from 97.03 Thursday last. This morning the LBMA gold price was set at $1,098.60, lower than the price seen in China. The euro equivalent was €992.50 down from €1,001.69 on Thursday. Ahead of New York’s…

Market Report: Commodity rout

July 24, 2015
By SilverSeek

Industrial commodities, including energy and base metals, were aggressively sold this week as more evidence came in that the global economy is stalling, with world trade having now declined for five months.

Gold, Silver, Equities: Megaphone Patterns

July 23, 2015
By SilverSeek

Examine the 20 year log scale chart of monthly gold. I have drawn lines connecting highs and lows. The result is an expanding channel or megaphone pattern. The increasing prices are exponential (log scale chart) because of exponential increases in debt, money supply, and Keynesian craziness, although I have no graph to prove the latter.

Silver Market Morning

July 23, 2015
By SilverSeek

After New York closed at $1,093.90 down $6.30 after closing at $1,100.20 on Tuesday. This morning in Asia the gold price rose back to $1,097 before the LBMA gold price was set at $1,101.65. The dollar was weaker at $1.0996 after yesterday’s $1.0940 against the euro, with the dollar Index down to 97.03 from 97.28 yesterday. The euro equivalent was €1,001.86 down from €1,002.74 yesterday. Ahead of New York’s opening, gold was trading in London at $1,101.80 and in the euro at €1,001.73.

Silver Market Morning

July 22, 2015
By SilverSeek

After New York closed at $1,103.20 down $30.70 on Monday it closed at $1,100.20 on Tuesday. This morning in Asia the gold price fell again to $1,094 and was then set at $1,096.80. The dollar was weaker at $1.0940 down from $1.0854 against the euro, with the dollar Index down to 97.28 from 97.89. The LBMA gold price was set this morning at $1,096.80 down $11.20. The euro equivalent was €1,002.74 down from €1,029.31 yesterday. Ahead of New York’s opening, gold was trading in London at $1,094.00…

Missing Gold, Unpayable Debts, Financial Crises, Bail-Outs and Bail-Ins... There Must Be a Better Way

July 21, 2015
By SilverSeek

There must be a better way! Mathematically unpayable debt, confiscations of private assets, uncontrolled government spending, unfunded liabilities, missing gold, paper gold, officially sanctioned Ponzi Schemes, pension funds on the verge of disaster, and so many more indicate there must be a better way!

David Morgan Talks Silver

July 20, 2015
By SilverSeek

Seduced by silver at the tender age of 11, David Morgan started investing in the stock market while still a teenager. A precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

Silver Market Morning

July 20, 2015
By SilverSeek

New York closed at $1,133.90 down $11.20. In Asia the gold price fell $20 to $1,113 ahead of London’s opening. London barely lifted it back to $1,115. The dollar was stronger at $1.0834 up from $1.089, against the euro, with the dollar Index at 98.02 up from 97.54. The LBMA gold price was set this morning at $1,115 down $28.00, after a heavy sale at the close in New York on Friday. The euro equivalent was €1,029.31 down €20.08. Ahead of New York’s opening, gold was trading in London at $1,114…

Good Sign for Silver in the Short Term

July 18, 2015
By SilverSeek

A few weeks back the US Mint announced that US Treasury Secretary, Jack Lew, had ordered them to stop selling the #1 retail silver coin in the world...the 1oz Silver Eagle. He ordered it because too many were being sold at the low, manipulated silver price below $15/oz and he knew that there was more pain to come in the silver price suppression so he cut off supply to slow the physical dishoarding of the remaining stockpiles of silver.

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