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Silver Market Updates

National Debt - Or 1 is Too Many and 12 Are Not Enough

June 08, 2015
By SilverSeek

The Vietnam War in the US is often mentioned as a major cause of the inflationary 1970s. The war and spending escalated in the late 1960s after Johnson became President. The national debt increased about $20 Billion between 1967 and 1968, which was big money back then. But 11 years later the national debt increased by $80 Billion. Once deficit spending and currency devaluation began, it was difficult to return to fiscal sanity.

Silver Market Morning

June 08, 2015
By SilverSeek

New York closed at $1,170.90 down $6.10 on Friday, again in very thin volumes. Today sees the dollar slightly weaker at $1.1126 down a cent against the euro with the dollar index firmer at 96.29 against Friday’s 95.67. The LBMA Gold Price was set at $1,173.40 down $2.50 and the equivalent euro price was €1,054.93 up from €1,047.11 on Friday. Ahead of New York’s opening, gold was trading in London at $1,175.00 and in the euro at €1,056.37.

Gold: Surviving the Last Few Months of the Bear Market

June 07, 2015
By SilverSeek

As most of you probably know by now, it’s been my belief for about a year that gold’s bear market would not end until at least testing the previous C-wave top at $1050. Every D-wave correction in the secular bull has at least retraced to the previous C-wave top except one.

Silver Longs Still Vulnerable

June 07, 2015
By SilverSeek

About a week ago, I wrote a short piece detailing the excessively lopsided long position in the silver market noting at that time, that anyone who has long needed to be paying very close attention to their positions.

Debt and the Tinderbox

June 05, 2015
By SilverSeek

We know that the Federal Reserve cranked up their digital printing presses and created over $16 Trillion in new currency, swaps, loans, bailouts, gifts, etc. in response to the 2008 financial crisis. Example: Bernie Sanders says that Bank of America received over $1.3 Trillion in bailouts.

Silver Market Morning

June 03, 2015
By SilverSeek

New York closed at $1,193.40 up $3.70 on Monday as the trading range remains tight but pushing up persistently. Today sees the dollar weaker at $1.1126 down from $1.0898 against the euro with the dollar index at 96.05. The LBMA Gold Price was set at $1,186.60 down $2.15 and the equivalent euro price was €1,061.83 down €20.92. Once again this was a currency play against a weaker dollar and stronger euro. Ahead of New York’s opening, gold was trading in London at $1,188.60 and in the euro at €1…

Gold & Silver: The June Swoon

June 02, 2015
By SilverSeek

The month of June is typically a boring one for gold and silver price action, although the latter half of the month tends to be a bit better for gold. That’s the seasonal chart for silver, courtesy of Dimitri Speck. India is the world’s main market for silver, and demand shrivels a bit during the May – June timeframe. As a result, the silver price usually swoons, and frustrated investors can make irrational statements about this mighty metal.

Silver Market Morning

June 02, 2015
By SilverSeek

New York closed at $1,189.70 up $1.20 on Friday as the trading range remains tight. Today sees the dollar stronger at $1.0898 against Friday’s $1.0949 against the euro with the dollar index at 97.48. The LBMA Gold Price was set at $1,188.75 up $1.45 and the equivalent euro price was €1,082.75. Once again this was a currency play against a weaker dollar and stronger euro. Ahead of New York’s opening, gold was trading in London at $1,188.60 and in the euro at €1,078.10 with the euro recovering.

Bikers, Bonds, and Black Swans

June 01, 2015
By SilverSeek

A “black swan” event occurred at a gathering of outlaw bikers on Sunday, May 17 in Waco, Texas. According to news stories a fight broke out between several motorcycle gangs at the Twin Peaks restaurant. At least nine bikers are dead, another 17 were injured, and perhaps as many as 170 were detained or jailed.

Silver Market Morning

June 01, 2015
By SilverSeek

New York closed at $1,189.70 up $1.20 on Friday as the trading range remains tight. Today sees the dollar stronger at $1.0898 against Friday’s $1.0949 against the euro with the dollar index at 97.48. The LBMA Gold Price was set at $1,187.3 down $3.10 and the equivalent euro price was €1,087.375. Ahead of New York’s opening, gold was trading in London at $1,189.50 and in the euro at €1,086.80 with the euro recovering slightly.

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