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Silver Market Updates

Silver Market Morning

April 07, 2015
By SilverSeek

New York closed at $1,201.30 on Friday and $1,215.70 on Monday in NY close. Asia took it to $1,213 then London pulled it back to $1,211 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,208.50 up $7.00 on Friday’s level. The euro equivalent stood at €1,113.67 up €15.75. Ahead of New York’s opening, gold was trading in London at $1,210.10 and in the euro at €1,113.91.

Precious metals hold their own over Q1

April 02, 2015
By SilverSeek

Gold priced in dollars hardly changed over the first quarter of 2015, but silver performed strongly, up 7%. In generally choppy markets across all asset classes silver was bettered only by the Nikkei 225 Index. This compares with the NASDAQ up 3%, the US long bond up 2.6%, and the Standard & Poors up 1%.

Doug Casey: Signs of a Resource Sector Bottom

April 02, 2015
By SilverSeek

L: Well, Doug, we’ve seen another quarter of high volatility and significant world events. What strikes you as most important at present? Doug: Everything is still held together with chewing gum and baling wire, for which I’m grateful, considering what’s coming. It’s very clear to me that the global economy is in very much the same space as it was in 2007—in other words, on the edge of a precipice.

Extremes: Expect Consequences-Part 2

April 02, 2015
By SilverSeek

The US strongly discouraged the AIIB (Asian Infrastructure Investment Bank) but when the UK, Germany and France ignored the strong request from the US and joined the AIIB, the US lost the gambit and position. From Zero Hedge, “But make no mistake, this is at best an example of Washington cutting its losses and at worst an outright surrender.” This is one more sign that other countries are considering dollar alternatives – an extreme change in our dollar-centric world.

Silver Market Morning

April 02, 2015
By SilverSeek

New York closed at $1,204.20 up $20.00 from yesterday’s NY close. Asia lifted it to $1,205.00, but London pulled it back to $1,202.60 ahead of the LBMA Gold price setting. The LBMA Gold price was set at $1,201.50 up $20.25. The euro equivalent stood at €1,097.92 up €12.99. Ahead of New York’s opening, gold was trading in London at $1,204.30 and in the euro at €1,112.21.

Silver Market Morning

April 01, 2015
By SilverSeek

New York closed at $1,184.20 down $1.30 from yesterday’s NY close. Asia lifted it to $1,187.60. The LBMA Gold price was set at $1,181.25 up $2.00. The euro equivalent stood at €1,097.92 up €0.09. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,107.42.

Silver Market Morning

March 31, 2015
By SilverSeek

New York closed at $1,185.50 down $17.90 this week. Asia took it down $3 before London set the LBMA Gold price at $1,179.25. The euro equivalent stood at €1,098.1 down €8.44. Ahead of New York’s opening, gold was trading in London at $1,184.45 and in the euro at €1,101.45.

Crazy Is My Middle Name

March 30, 2015
By SilverSeek

“We have read that “the fix is in” regarding our financial system. Of course this is not true. The following are perfectly normal examples of sanity and intelligence that conclusively demonstrate that our modern banking and financial system is fair, healthy, sensible, stable, and equitable for all. If you don’t fully understand these, it is likely that you are a person of average intelligence who does not comprehend the complexity of our modern system.

Gold & Silver Stocks Will Rise Again!

March 27, 2015
By SilverSeek

The XAU is an index of gold and silver stocks. It has been hammered hard since the gold and silver peaks in 2011. The XAU bottomed in November 2014 below 62 at a 14 year low, down approximately 73% from its 2011 high at approximately 230. As of Friday March 20 it closed at 69.27.

Market Report: FOMC minutes turned the tide

March 27, 2015
By SilverSeek

Following the release of the Federal Open Market Committee (FOMC) minutes last week, gold and silver have come alive, the gold price rising from a low of $1147 on 18th March to $1200 this morning and silver from $15.46 to $17.00, 4% and 10% increases respectively.

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