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Silver Market Updates

Silver Market Morning

May 07, 2015
By SilverSeek

New York closed at $1,191.70 down $1.20, yesterday. Asia saw it fall to $1,182 ahead of London’s opening with London then taking it down a dollar. The LBMA Gold price was set at $1,183.00 down $8.25 on yesterday. The euro equivalent stood at €1,041.92 down €20.19 while the dollar was weaker at $1.1351 down from $1.1211 against the euro. Ahead of New York’s opening, gold was trading slightly higher in London at $1,183.50 and in the euro at €1,042.46.

Can Gold Save the World From the Credit Bubble?

May 06, 2015
By SilverSeek

It has been reported that global debt is about $200 Trillion. Central banks supposedly hold about 30,000 tons of gold. If the total debt were backed by central bank gold at 40%, that would price gold about $80,000 per ounce. In the US, the official gold reserve, which has not been audited in about 60 years, is about 8,200 tons. Official national debt is about $18 Trillion. If the official gold backed the debt at 100%, the price of gold would be about $70,000 per ounce.

Silver Market Morning

May 06, 2015
By SilverSeek

New York closed at $1,192.90 up $4.10 yesterday. Asia held it there and so did London. The LBMA Gold price was set at $1,191.25 up $3.85 over yesterday. The euro equivalent stood at €1,062 .11 down €8.12 while the dollar was weaker at $1.1211 down from $1.1011 against the euro. Ahead of New York’s opening, gold was trading slightly lower in London at $1,190.60 and in the euro at €1,059.63.

Can You Put Your Brainpower into Overdrive?

May 05, 2015
By SilverSeek

Giurgea synthesized piracetam, the first nootropic, in 1964, and he subsequently established a set of criteria these drugs should meet. For him, nootropics must enhance learning, increase the coupling of the brain’s hemispheres, and improve executive processing (which involves tasks such as planning, paying attention, and spatial awareness). It was also important to him that the drugs be nontoxic and nonaddictive. As he put it in his book Fundamentals to a Pharmacology of the Mind: “Man is not…

Silver Market Morning

May 05, 2015
By SilverSeek

New York closed at $1,188.80 on Monday. Asia held it there and so did London. The LBMA Gold price was set at $1,187.40 up $8.40 on Friday. The euro equivalent stood at €1,070.69 up €23.62 while the dollar was stronger at $1.1090 up from $1.1260 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,187.60 and in the euro at €1,069.09.

Silver and NASDAQ – Long, Medium and Short Trends

May 04, 2015
By SilverSeek

Courtesy of the High-Frequency-Traders and a wave of digital “money printing” the NASDAQ closed at a new high on Friday the 24th – a 15 year high. Silver, on the other hand, has been crushed – the near all-time high was 4 years ago. In this tale of two markets, we examine the silver to NASDAQ ratio over the long and medium term for clues about their next major moves.

Silver - Four Years Later

May 01, 2015
By SilverSeek

Based on the 30 year ratios to the S&P 500 index, gold, and crude oil, silver is currently inexpensive. The High-Frequency-Traders can push prices lower or higher quite easily so this analysis says little about what silver prices will do next week or next month, but it clearly says that in the long-term silver prices are low and likely to rise significantly in the next few years.

Market Report: Bear squeeze comes and goes

May 01, 2015
By SilverSeek

This week started with a sharp bear squeeze, which took gold from $1178 to $1214, and silver from $15.70 to $16.71.

Silver Market Morning

May 01, 2015
By SilverSeek

New York closed at $1,182.80 down $21.20 on Thursday. Asia saw it hold there and London took down $3. The LBMA Gold price was set at $1,179.00 down $25.30. The euro equivalent stood at €1,047.07 down €29.06 while the dollar was weaker at $1.1260 down from $1.1192 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,180.40 and in the euro at €1,047.24.

JP Morgan Cornering Silver Bullion Market?

May 01, 2015
By SilverSeek

- Why is JP Morgan accumulating the biggest stockpile of physical silver in history? - Legendary silver analyst Ted Butler believes JP Morgan are in a position to corner silver market - JP Morgan may be holding as much as 350 million ounces of physical silver - JP Morgan realises the value of owning physical silver bullion today - Silver at $16 today – Set to soar to over $50 again

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