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Silver Market Updates

Gold or Silver Shortages?

August 24, 2015
By SilverSeek

A big pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming precious metals shortages simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both of these government mints predetermine a rough amount they will mint at the start of the year and when demand surges a “bottleneck” can occur and this has happened in the past.

The Risky Investment that Could Make You Millions in the Next Financial Crisis

August 24, 2015
By SilverSeek

You wake up in the morning, turn on the news, and get a sick feeling in your stomach… The stock market is crashing again. Another big Wall Street bank has failed. Your 401(k) has lost another 25%. It’s bleeding value every week. Your dream of early retirement is history. You’ve lost so much money in stocks that even a "regular" retirement is in jeopardy. If you live a long life, there’s no way you’ll have enough money.

Gold and Silver: Heading for a “Blue Screen of Death” Event?

August 24, 2015
By SilverSeek

For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.

Silver And The Petrodollar

August 24, 2015
By SilverSeek

Many have mistakenly dismissed silver as just another commodity like oil, for example. If one looks at how silver has traded since 2001, in comparison with oil, one might agree with that mistaken believe. During the same periods, both goods traded higher or lower, together. For example, from 2001 to 2008, both silver and oil rose significantly. During those seven years, silver increased more than four times in value while oil rose more than seven times.

Silver Market Morning

August 24, 2015
By SilverSeek

On Friday New York closed at $1,159.40 up $26.70. The dollar was weaker at $1.1444 down from $1.1062 on Thursday with the dollar Index weaker at 94.94 down from 96.50 on Friday. It opened on Monday at 94.54. Asia took the price down on Monday to $1,154 as global equity markets slid. This morning the LBMA gold price was set at $1,153.50 up $5.55. The euro equivalent was €1,006.11 down €13.42 as the euro surged. Ahead of New York’s opening, gold was trading at $1,159.50 and in the euro at €1,007…

China chooses her weapons

August 21, 2015
By SilverSeek

China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR until next October.

Silver - More Evidence of a Price Bottom

August 20, 2015
By SilverSeek

Silver prices hit a low of about $14.33 on July 24 after High Frequency Traders had run stops that week. It has happened before and will again. Occasionally they will run stops going up, not down. The gold to silver ratio has been hovering around 75.

Silver Market Morning

August 20, 2015
By SilverSeek

On Wednesday New York closed at $1,132.70 up $15.00. The dollar was weaker at $1.1122 down from $1.1062 with the dollar Index slightly weaker at 96.50 down from 96.80 on Thursday morning. Asia took the price higher still to $1,138. This morning the LBMA gold price was set at $1,137.95 up $14.75. The euro equivalent was €1,019.53 up €2.28. Ahead of New York’s opening, gold was trading at $1,139.25 and in the euro at €1,019.60.

Silver Market Morning

August 19, 2015
By SilverSeek

On Tuesday New York closed at $1,117.70, up $0.10. The dollar was virtually unchanged at $1.1062 with the dollar Index slightly weaker at 96.80 down from 96.91 on Wednesday morning. Asia took the price back to $1,123. This morning the LBMA gold price was set at $1,123.20 up $4.05. The euro equivalent was €1,017.25 up €6.32. Ahead of New York’s opening, gold was trading at $1,121.15 and in the euro at €1,015.58.

This “Pig” Just Made a Massive Bet on Gold

August 18, 2015
By SilverSeek

Stan Druckenmiller is going big on gold. Druckenmiller is one of the world’s most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%. Druckenmiller was also George Soros’s right-hand man at Quantum, Soros’s famed hedge fund. Quantum’s now legendary 1992 trade shorting the British pound was Druckenmiller’s idea. It made Quantum about $1 billion. People say the trade “broke the Bank of England.”

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